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Congressman Ron Paul Schools Bernanke on the Bailout Plan



Uploaded by: soullfire
Video Description:
Congressman Ron Paul lectures Bernanke on the flaws of the bailout plan and the hazard of the attempt to fix prices versus letting them correct naturally in the free market at the Congressional Hearing today (9/24/08). Ron also questions Bernanke's authority and constitutionality of using the printing press to generate all this extra money needed for the bailout.
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Tags for this video: Authority Bail Bailout Bernanke Constitutionality Debt Depression Federal Fixing Monetary Out Paul Price Ron Street Wall

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Comments for this video on YouTube
The Constitutional ... ( 1 week ago by TakingBackTheGOP)
The Constitutional Republicans strongly oppose the unconstitutional Bailout!
Dman straight we do ... ( 4 days ago by DanielHubb360)
Dman straight we do.
It's also funny that the creators of Neo-Conservatism (bush, mccain, romney, etc.) were Liberal Democrats.
just a Fun fact to throw in democrats faces when they call you a fascist for no reason at all.
Ron Paul = Life, ... ( 3 days ago by CelticOT)
Ron Paul = Life, Liberty and the Pursuit of Happiness.
Federal Reserve = Debt, Slavery and the Control of Citizens.
CelticOT = ... ( 3 days ago by LambChowder1)
CelticOT = hyperbole, ideology
What's a fact is ... ( 3 days ago by LambChowder1)
What's a fact is you're actually a fascist no matter what cute story you tell yourself
You don't even know ... ( 3 days ago by CelticOT)
You don't even know me! I suppose the founding fathers of your once great nation were facists too?
constitutional ... ( 3 days ago by DanielHubb360)
constitutional republican?
I really dont think i am a fascist man.
Really dude i just studied it in college american history. But I dont really belive they were democrats, thats just the cover they had before they took the cover of republican. KNow what i mean?
Fascism:a political ... ( 3 days ago by Talmagejestice)
Fascism:a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition2: a tendency toward or actual exercise of strong autocratic or dictatorial control
To soulfire, who ... ( 2 days ago by robms18)
To soulfire, who put this video up, if you actually listened to the whole video and not just Ron Paul's mistaken thoughts, you would see that Bernanke correctly destroyed every issue thrown at him. Ron Paul once again is using economic falicies and false interpretations of the Constitution to prove his incorrect theories on the Federal Reserve. Great job Bernanke- keep up the good work.
im sorry did u read ... ( 2 days ago by JCeiver612)
im sorry did u read the Constitution or did you sleep that day in history class?
Did he not say that ... ( 2 days ago by robms18)
Did he not say that it was Congress, under their authority granted by the Constitution, who set up the Federal Reserve to do its job?
"...coins..." ( 2 days ago by EvanHarold)
"...coins..."
he's right and ... ( 2 days ago by Tunedup81)
he's right and wrong.. Congress back in 1913 I believe it was changed the constitution to allow private banks (made up by a few people) to enable the Federal Reserve Act.. at which time most of Congress weren't there to be given the chance to vote on this bill. Your'e stating support for the few folks that actually have control of our economy. obviously its working. Printing money out of "Thin Air".. with no actual backing. 1973 shows what happens. Inflation EVERY year sense and Major Debt.
I disagree, and so ... ( 2 days ago by DanielHubb360)
I disagree, and so do many leading scientific economists. Ron was right about this situation happening, he was talking about it long before anyone would admit there was a problem. This isnt the 1920's. Our economy has been running on the circulation of dept.
Let's talk about housing. Why would they be concerned with keeping housing prices up, when people our having trouble buying houses. Their prices went up because there was so much credit available. Every action has a reaction.
yes, and wilson. ... ( 2 days ago by DanielHubb360)
yes, and wilson. however, it does a really shity job.
6:20 to6:35 (COINS) ... ( 2 days ago by tim6575)
6:20 to6:35 (COINS) Reason? Coins Are money gold silver...NOT COPPER!!!!
I can not believe ... ( 2 days ago by tim6575)
I can not believe Americans are standing Idle While our GOV. Is suppose to be a country of The people For The People By The People That last part is far from the truth..(BY THE PEOPLE?) This all happening cause of the Banks.Sezing up credit And puting fiat Money with interest in our System that is suppose to be backed By GOLD
I ment to say not ... ( 2 days ago by tim6575)
I ment to say not COPPER OR PAPER! The Mindset of most Americans Are so stupid and they all need to wake up (I mean to think that PAPER IS MONEY FUCKING RETARDS)
The money that ... ( 2 days ago by robms18)
The money that exists in today's economy is backed by the idea of comparitive advantage. Once you understand how that works in a world with international trade and floating exchange rates, you will understand where the purchasing power of a dollar comes from. The reason we left the gold standard was because inflation (something that is good if happening moderately over time, as it did in the time of the gold standard)
caused the dollar ... ( 2 days ago by robms18)
caused the dollar to not equal its own fixed exchange value in gold. That is why the gold standard cannot work in a non-mercantilist economies, like the economies of most countries. Debt is not a bad thing unless you cannot pay it back. The U.S. has never defaulted on its debt, and probably never will, even with the current financial crises. Also, Congress did not change the Constitution, they simply added to government though the Federal Reserve Act.
well. I kind of ... ( 2 days ago by Tunedup81)
well. I kind of agree with you. thanks for explaing your point. I'm struggling to understand how you and I can pay off an approximate debt of $35,000 debt when thats assuming children at the age of 1day old can contribute. and senior citizens at 80 can. working class and age are forced to split this bill. and I'm sorry with that 35k is attached an interest similar to that of a credit card. I cant pay my bills as it is and with major job loss thats putting more stress on the system thus its fail.
People there are ... ( 1 day ago by reYKCuf)
People there are horrible things on the horizon, if you care about yourself or your family you need guns, food and water. The government won't be there.
To jizzmonger: ... ( 1 day ago by Booopie)
To jizzmonger: Gold has intrinsic industrial value. Also, its rarity, divisibility, and corrosion resistance make it ideal for use as money. A funny thing about your dumb comment is that space exploration incorporates gold all over the place.
"The Mindset of ... ( 1 day ago by jizzmonger)
"The Mindset of most Americans Are so stupid and they all need to wake up"
~tim6575~ So we should go back to a trade and barter system and eliminate all currency?



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