Ron Paul slams Paul Volcker!

[seanm123]

Didn't really slam him but slammed Fiat money.
Joint Economic Committee meeting. 02/26/09

http://www.youtube.com/watch?v=hteimSh42Gk

Ron Paul finally got someone to somewhat agree that a "fiat" system might not be fixable.

[cjppjc]

Re: Ron Paul slams Paul Volcker!

Didn't really slam him but slammed Fiat money.
Joint Economic Committee meeting. 02/26/09


Ron Paul finally got someone to somewhat agree that a "fiat" system might not be fixable.

I was never prouder than when I voted for Ron Paul.

[Adeptus]

Re: Ron Paul slams Paul Volcker!

I sure hope you guys aren't betting against The Messiah. I'm not kidding, he's got a halo and everything!

[gwynedd1]

Re: Ron Paul slams Paul Volcker!

Didn't really slam him but slammed Fiat money.
Joint Economic Committee meeting. 02/26/09


Ron Paul finally got someone to somewhat agree that a "fiat" system might not be fixable.

I have yet to see Ron talk about fractional reserves. He is just a fox hound for big finance. He is nothing but a Hegelian antithesis to their goals. The problems with gold are a multitude which have included hoarding, debasement and confiscation. All currencies are back by the fiat of force. If government cannot enact laws for fiat currency nor can it enact laws to protect gold stores.

Worgl money according to Silvio Gesell
http://alt-money.tribe.net/thread/70...a-b789d1757037

http://findarticles.com/p/articles/m...59/ai_68704400

The hoarders can disrupt the dynamic flow or money balances of economic activity, of purchases and sales, and of savings and investment. This power to disrupt enables the holders of money to demand the payment of interest as a reward for refraining from speculative hoarding. This in turn allows money to circulate in the economy.

Gold will inevitably result in the hoarding a medium of exchange which masquerades as investment and is nothing of the kind.

MRS. SARAH E.V. EMERY.
seven financial conspiracies which have enslaved the american people

So says Mr. Hooper, who, at that time, was chairman of the committee on coinage, but I will further add that I heard Hon. Gilbert De Lamartyr say that Judge Kelly told him that he (Kelly) saw the original draft of the bill for the demonetization of silver, and it was in Ernest Seyd’s own handwriting. God of our fathers ! A British capitalist sent here to make laws for the American people. England failed to subjugate us by the bullet, but she stole into our Congressional halls and by the crafty use of gold, obtained possession of the ballot, and today, American industry pays tribute to England, despite our blood-bought seal of independence.

http://yamaguchy.netfirms.com/789740...ery_index.html


Going to a gold standard would also sell out the state of Texas for all the gold jewelry in India. it would be even more of a wealth transfer than out standing dollars.
Lastly it would rob us from a market alternate currency. Gold provides better protection outside the money system.

[Slimprofits]

Re: Ron Paul slams Paul Volcker!

"If you look at the principle of fractional reserve banking, that in a way is a ponzi scheme. This gets people doing things and building a mountain of debt. Debt on debt in this manner."

http://www.youtube.com/watch?v=fiXHkA950GI

Ron Paul at the Madoff fraud, Congressional hearing 01-05-09 2:20 mark

[gwynedd1]

Re: Ron Paul slams Paul Volcker!

"If you look at the principle of fractional reserve banking, that in a way is a ponzi scheme. This gets people doing things and building a mountain of debt. Debt on debt in this manner."

http://www.youtube.com/watch?v=fiXHkA950GI

Ron Paul at the Madoff fraud, Congressional hearing 01-05-09 2:20 mark

Hi babbittd,

Absolutely. Its a positive feedback loop. Assets are monetized since they become the collateral for new money which in turn drives up the price of the collateral for even more new money. That a bubble. Anyone not going after the fractional reserve system and yaps about fiat currencies is either stupid or in on it.

[Slimprofits]

Re: Ron Paul slams Paul Volcker!

Hi babbittd,

Absolutely. Its a positive feedback loop. Assets are monetized since they become the collateral for new money which in turn drives up the price of the collateral for even more new money. That a bubble. Anyone not going after the fractional reserve system and yaps about fiat currencies is either stupid or in on it.

Maybe you misunderstood? I was quoting Rep. Paul from the hearing.

[gwynedd1]

Re: Ron Paul slams Paul Volcker!

Maybe you misunderstood? I was quoting Rep. Paul from the hearing.

Oh sorry, I don't like to pop up a vid at work. If he said that thats good news. Its not really fiat currency thats killing us. We are not going back to physical gold so fiat needs to work somehow.