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CNBC: Ron Paul's question makes Ben Bernake's voice quiver
Uploaded by: RonPaulvsTyranny
Video Description:
NEW FUND RAISER COMING UP
http://teaparty07.com ... (more)
Added: November 09, 2007
NEW FUND RAISER COMING UP
http://teaparty07.com wont you help us make history!!
Have you noticed? Ron Paul is picking up a LOT of support within the financial community. So far, these are the names of very prominent investment advisers who have announced their support for Ron Paul:
Axel Merk (Merk Hard Currency Fund), Harry Schultz (Harry Schultz Letter), Jim Rogers, (Jim Rogers.com), Richard Russell (Dow Theory Letters), and Peter Schiff (Euro Pacific Capital).
Not to mention the Chicago pit traders who were cheering for Ron Paul when he went head to head with Bernanke! Also, I was down at a local silver / gold shop in Boston the other day and I handed the guy behind the counter a bill stamped with Ron Paul 2008 on it. Of course he knew about Ron Paul because of his honest money stance, and was a big supporter.
Below are some brief excerpts and links to their full statements, where available. If you know of any others that I've missed - please post them in the comments section. I'd like to put together a very comprehensive list.
Axel Merk - 4/27/2007
Merk Hard Currency Fund It is not our role to endorse a presidential candidate, especially not this early in the process. We don't agree with all of his views, but highly respect his no-nonsense approach to fiscal and monetary policy issues. We encourage everyone to familiarize themselves with the fiscal views of Congressman Ron Paul. He is living proof that it is possible to be a fiscally conservative politician with integrity.
See here for full statement
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Harry Schultz: HSL 662, 30 September 2007, page 6: Ron Paul (for US presideing) is obviously the only election chance for upgrading the US govt. All others are just reruns of wrong principles & policies. If U want to help the cause of freedom with $'s go to: https://www.ronpaul2008.com/donate.
(No public version available)
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Jim Rogers: October 29, 2007 "[Ron Paul] is the only one I've seen in American politics that seems to have a clue with what's going on in the world..."
Read more here.
Watch the interview at Financial Times here
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Richard Russell: Russell's Remarks, November 6, 2007 The current issue of Time magazine surprised me. The issue had a two page report on libertarian, Dr. Ron Paul, the Texas Congressman, who is running for President. Ron believes in the US Constitution. Ron would like to shut down the Federal Reserve and go back to the gold standard. I gather Ron would end the war in Iraq -- further, he would close down all our 120 military bases that are spread across the face of the globe. Ron would legalize narcotics and thereby end our expensive and idiotic "war on drugs." I guess, to make it short, Ron would pretty much get the government out of our hair, and return it to its original Constitutional form. I'm all for that. Furthermore, I'd mandate that every US Congressman and Senator be fully conversant with the US Constitution. I'd mandate that each and every one of them take an intensive course in Constitutional law. What they'd learn would probably shock them, but they'd get over it. I'll vote for Ron Paul in the com
ing election. He's not going to win, but I just can't see myself voting for one of the other candidates. "Why are they running?" I ask. "Do they stand for anything different? Do they question where this nation is heading? Do they ask how this nation is going to continue living on borrowed money? Do they ask why the Federal Reserve was never subject to a Constitutional Amendment?"
Read the entire excerpt here
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Peter Schiff endorses Ron Paul: November 7, 2007 I recently had the pleasure of personally handing the Honorable Ron Paul (the only member of Congress truly worthy of that title) a $2,300 check (the legal maximum) as my contribution toward his presidential campaign. I have never given one dime to a politician (though Congressman Paul is more of a statesman than a politician) in my life, and you know what; it felt great. It was the best $2,300 I ever spent. The purpose of this email is to urge every single one of my clients, every subscriber to my newsletter, and every one in my database, to make a similar contribution.
Doug Casey
On November 9th, 2007 Slatterypod says:
Doug Casey has voiced his support for Ron Paul, not only for his economic sense, but for his approach to foreign and domestic policy as well.
http://slatterypod.com/blog/index.php...
James Grant of Grant's Interest Rate Observer!
http://www.grantspub.com/
http://dailypaul.com/node/6092
Listen to part of an interview here on YouTube
http://www.youtube.com/watch?v=9UuivY...
Tags for this video: Ben Bernake cnbc currency devaluation dollar fed federal financial manipulation Paul reserve Ron teaparty07
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Its not steeling our prosperity, it is helping us realize it.
GET A CLUE!!!!
The people who loose the most with inflation are those with the most cash...the ones the win the most are those in debt with fixed interest rates.
Seems like Joe six pack has better odds than the 1%.
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
What baby?!
Jefferson knew nothing about modern central banks. He also was was slave owner and thought that we should violently overthrow governments we disagree with...wow...that shows true belief in the principals of democracy.
Do you Ron Paulies have any argument other than to conjure up quotes from a man whose been dead for around 300 years?
don't blame us, because you are an idiot.
Ron Paul is dead wrong on this issue. And he's got you all eating out of his palm. How about studying economics a bit. You don't have to get much further than Macro 101.
a little history won't kill you; it makes you a much smarter individual. you should look into it some time.
When you say that Jefferson knew nothing of modern central banks, you really show how ignorant you are. Look at the quotes of the founding fathers, they were well aware of how the banks liked to loan money to governments at intrest thereby locking the polulation into debt slavery.
price fixing is not a captialistic trait. it has nothing to do with a "free market" economy. it defines the principles of free market.
you know how devauling the dollar hurts americans?? cause they are paying twice as much for gas and food now as 5 years ago. devauling currency to fund wars is not sustainable.
the USA is no longer a capitalistic country when the even the supposed conservatives are calling for the socialistic bailout bill.
banks loaning money at intrest to governments creates debt slavery for the people. period. it did it in the 1600s and it does it today.
it doesn't matter that we have computers and cell phones now.. those things don't change the principles of how this banking system works
You are just a Keynesian. it's a philosophical difference. it's not that u are right and Ron Paul is wrong. there is a whole academic world with Austrian economics. It requires studying and it's gonna take more than an intro course in macro econonics to understand the benefits of having an economy based of sound money. time for u to hit the books
You would also know that since the Great Depression economic growth has been much more predictable than in periods prior to the fed. In the 1800s our economy was a slave to economic cycles that resulted in regular sharp deflationary declines.
Stop living in the past and learn something!!!!
even you should be able to see that.
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.
This next bailout is the beginning of the end of the dollar. You cannot borrow your way out of debt, nor can you inflate.
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.
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.
"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.