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DynaMike Glennon

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« : July 14, 2011, 10:17:30 AM »

Always fun watching these videos....

 

ufojoe

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« #1 : July 14, 2011, 10:34:49 AM »


I like RP but where did he "school" him?

kevabuc

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« #2 : July 14, 2011, 12:38:34 PM »

I got to agree with Joe on this. in order for a proper schooling to take place the "Scoolie" must have a lack of understanding to the principles that he is being schooled in. Bernanke understands that everything Paul said is correct but that is not his job. His job is to print a ton of Monopoly money and then magically portrey it as real, much like turning lead into gold.

Bernanke is not an economist, he is an alchemist.

\"The budget should be balanced; the treasury should be refilled; public debt should be reduced; and the arrogance of public officials should be controlled.\" -Cicero. 106-43 B.C.

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« #3 : July 14, 2011, 01:22:04 PM »

Ron Paul schools Fed Chairman Ben Bernanke once again.

You've got it backwards.

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« #4 : July 14, 2011, 01:45:12 PM »

Here is the exchange:

    Rep. Paul: Do you think Gold is Money?

    Bernanke: No….

    Rep. Paul: It’s not money? Even if it was a precious metal for 6000 years somebody reversed that, eliminated that economic law?

    Beranke: Well…it’s an asset. Would you say treasury bills are money? I don‘t think they’re money either.

    Rep. Paul: Why do Central Banks hold it?

    Bernanke: It’s a form of reserves.

    Rep. Paul: Why do central banks hold it? Why don’t they hold diamonds?

    Bernanke: Tradition, long term tradition…

    Rep. Paul: Some People Still think it’s money



Some other stats Paul mentioned under the current regime:

* the National Debt went up $5 trillion
* average unemployment used to be 17 weeks — now it’s 40 weeks
* prices have gone up 9% every year.
* Paul also pointed out that if consumer spending were truly important to the economy,  the federal government could have given a check for $17,000 to every man, woman, and child in America for the cost of the $5 trillion debt increase.


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« #5 : July 14, 2011, 05:35:53 PM »

Paul also pointed out that if consumer spending were truly important to the economy,  the federal government could have given a check for $17,000 to every man, woman, and child in America for the cost of the $5 trillion debt increase.


that just boggles my mind.


Morgan

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« #6 : July 14, 2011, 05:46:05 PM »

Why would he tell Bernanke that? Maybe Paul ought to be invited to the meetings w/ Speaker of the House Cantor Boehner. Political grandstanding by a a presidential candidate. 

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« #7 : July 14, 2011, 05:55:03 PM »

I agree, if Obama had done this it would be political grandstanding on his part.

But since it is coming from a man that has been talking about these specific issues for decades, It's considered serious inquiry from an informed point of view.

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« #8 : July 14, 2011, 06:31:29 PM »

an informed point of view.

Ah, now there's something 'ole Morgan wouldn't recognize if it smacked him in the face.


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« #9 : July 14, 2011, 06:51:23 PM »

Why would he tell Bernanke that?
Maybe because it is accurate?  Maybe because it demonstrates the impact in terms just about anyone can understand.  Please note, everyone will not see this clearly

\"A Great Coach has to have a Patient Wife, A Loyal Dog, and a Great Quarterback. . . . but not necessarily in that order\" ~ Coach Bud Grant

Morgan

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« #10 : July 14, 2011, 06:54:54 PM »

Wrong gov't agency to try to lecture.

dbucfan

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« #11 : July 14, 2011, 07:18:07 PM »

I no longer believe there is a government agency that shouldn't be lectured. 

\"A Great Coach has to have a Patient Wife, A Loyal Dog, and a Great Quarterback. . . . but not necessarily in that order\" ~ Coach Bud Grant

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« #12 : July 14, 2011, 07:34:55 PM »

Since Paul has been part of the Washington D.C. Beltway establishment for nearly  30 yrs, I'm sure he's got the expertise to lecture - but should save it for his fellow members of congress.

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« #13 : July 14, 2011, 08:20:35 PM »

Paul's priority is to connect with the American people.  That is his strength. Congress takes a back seat  for the moment.

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« #14 : July 14, 2011, 08:41:50 PM »

and then there is the likelihood Bernanke has made errors...

\"A Great Coach has to have a Patient Wife, A Loyal Dog, and a Great Quarterback. . . . but not necessarily in that order\" ~ Coach Bud Grant
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