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imnothear (October 5, 2008 at 1:25 pm)
where is the ron paul/ralph nader ticket?
durstwurst (October 5, 2008 at 11:55 am)
@DCwyll68
"I challenge you to mention one country of significance that has opted for a hard currency in the past 10 years."
I challenge YOU to name one country of significance that has a "floating" e.g. debt based currency without a significant inflation that DEVALUATES the income of its whole population.
ItSaLlRiDiCuloUs (October 5, 2008 at 5:33 am)
Does anybody know what date this occurred?
LetFreedomRlng (October 5, 2008 at 4:56 am)
Go Dr. Paul This is a cult classic, spread this video... Bernake got pwned!!!
RonPaulvsTyranny (October 4, 2008 at 2:28 pm)
the central banks have developed a monopoly... fiat currency is attractive to governments because it gives them unlimited purchasing power. fact is every major economy has been overrun by cenral bankers, that in itself is no reason to think that the system is sustainable.
the fed lowered interest rates to 1% after 9/11, that created credit, and that along with the Community Reinvestment Act forced banks to lend to people who normally couldn't get a loan. that is the root of the problem.
cchandler2423 (October 4, 2008 at 12:01 am)
No country in the history of the world has ever solved it's problems (long-term) by debasing it's currency. You sir, are not educated. Listen to Jim Rogers.
DCwylly68 (October 3, 2008 at 4:25 pm)
I challenge you to mention one country of significance that has opted for a hard currency in the past 10 years.
Every major economy in the world has a floating currency and an independent central bank. You would think that if a hard currency was such a good idea, at one major country would be going that path.
Ohh but Ron Paul is the great prophet. He is smarter than the rest of the world.
Give me a break. While I agree with Ron Paul on some issues, he is dead wrong on this one.
dooglio (October 3, 2008 at 3:51 pm)
The crises was caused *by* the Fed, DC. It is because they continuously print money and buy US bonds. This sends false signals to the market place, encouraging mal-investment. We need to let the bad investments purge out of the system--the free market does this fine on its own without central management. It's this very same central management that you tout that caused this mess to begin with. The founders understood all to well the necessity of hard currency and *no* central bank.
dooglio (October 3, 2008 at 3:47 pm)
I think no matter how much hard evidence we present to DC, he will not listen. He is firmly entrenched in his Keynsenian thinking, and he is not going to budge. He would rather call us names rather than face hard facts that the Fed is going to destroy our currency.
This next bailout is the beginning of the end of the dollar. You cannot borrow your way out of debt, nor can you inflate.
DCwylly68 (October 3, 2008 at 1:43 pm)
This crises was not caused by price fixing. Its from the pack mentality greed of bankers.
I think the Fed could have done a better job, because they spent too much energy focusing on inflation. Inflation was low, so they kept the spigot running on the money supply. The problem was that the reason inflation was low was because we were being flooded by cheap Chinese goods.
I think the arguement should be about what the Fed targets...not whether to get rid of it. Its the baby in the bathwater. |
