Jon Stewart Interviews Ron Paul: "The FED Has A Little Thing Called A Counterfeit Machine" (Daily Show Video)
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Daily Show Video: Dr. Ron Paul with Jon Stewart
Try arguing with any of this. Ron Paul in 2012!
"My biggest concern is personal liberty, and uh, I’ve noticed over the years that both Republicans and Democrats have very little respect for personal liberty. Therefore, I have been fighting this and I want government to be small. If government is big you have less personal liberty. You have to find out how they finance big government. They tax us a lot, but that’s not enough to pay the bills. They borrow a lot, but that’s not enough.
Then there’s another method, and it has to do with the FED. They have this little thing called the counterfeit machine. They just print the money when they need it. You and I would go to jail if we did that. But the fed does that in secrecy and they get away with it and the government just keeps growing.
And then, on top of that, they use this to finance these wars that I think are so ridiculous. You know, undeclared wars, endless wars, good wars, long wars, all kinds of wars with no end in sight. So I put a lot of blame on the FED because they monetize this debt. They literally take a bill and print the money."
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Watch Dr. Paul's appearance on the Daily Show during the '08 campagin:
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Dec 4, 2010 at 1:15 AM
Reader Comments (35)
http://dailybail.com/home/jon-stewart-daily-show-video-in-a-truly-free-market-the-invi.html
This one's funny...
Environmental projects fail to live up to hype
http://www.washingtontimes.com/news/2010/sep/9/green-jobs-no-longer-golden-in-stimulus/
Law enforcement officers met a JetBlue plane at its arrival gate in Newark Liberty International Airport Thursday afternoon because of a passenger who was causing a disturbance on board, the airline reported.
The passenger was identified as 21-year-old Tiffany Livingston. She was aboard JetBlue Flight 522 from Florida to Newark, N.J., on Thursday when she bolted from her seat and tried to open the door of the plane.
She had become agitated because of turbulence and appeared to grab the handle of an emergency door, a source told Fox 5 News. Then two off-duty police officers who happened to be on the flight stopped her.
School police are reviewing videotapes to try to identify the woman, who witnesses said threatened to shoot several members of the visiting Kirby team, Judson ISD spokesman James Keith said.
“The Kirby team had just won, and they were in the back parking lot near the gym when the woman approached,” Keith said, noting that the students were chanting and celebrating their victory. The woman “approached them, pulled a handgun, and threatened to shoot them,” he said.
http://www.mysanantonio.com/news/local_news/police_mom_pulls_gun_on_seventh-grade_volleyball_team_102602409.html
http://www.washingtonexaminer.com/politics/GOP-insiders-skeptical-of-landslide-predictions-799576-102570684.html
http://abcnews.go.com/Politics/obama-tap-austan-goolsbee-chair-council-economic-advisers/story?id=11602792
Bishop is the second Democrat found to have funneled CBC Foundation scholarship funds to relatives, threatening to turn the program into a larger political problem for the party. Rep. Eddie Bernice Johnson (D-Texas) recently paid back $31,000 to the foundation for scholarships that she improperly awarded to various relatives and children of a top staffer.
Read more: http://www.politico.com/news/stories/0910/41953.html#ixzz0zAPooUJc
But, in a chilling echo of the computer Hal from the iconic film, scientists have developed robots that are able to deceive humans and even hide from their enemies.
An experiment by researchers at the Georgia Institute of Technology is believed to be the first detailed examination of robot deception.
http://www.dailymail.co.uk/sciencetech/article-1310788/The-real-2001-Scientists-teach-robots-trick-humans.html#ixzz0zAQ2SagE
The prisoners, mainly cartel members, climbed over a prison fence in the border city of Reynosa, across from McAllen, Texas, in the early hours of Friday morning, local radio and newspapers reported, saying 85 men escaped.
http://news.yahoo.com/s/nm/20100910/ts_nm/us_mexico_drugs
http://news.yahoo.com/s/yblog_upshot/20100910/pl_yblog_upshot/republican-senator-voinovich-offers-60th-vote-for-small-business-bill
http://news.yahoo.com/s/ap/20100910/ap_on_hi_te/us_drones_homeland_defense
1) I've seen him squander his time with Bernanke - rambling on about his own ideas instead of trying to extract useful information. I'm sure Bernanke doesn't mind, it makes his time on the hot seat that much easier.
2) As you have noted, Grayson interviewing Fed Inspector General Elizabeth Coleman is the most important video here (perhaps the most important video ever). Elizabeth Coleman still has her job. To my knowledge, no one in Congress has called for her to be fired - not Grayson himself and not St. Ron either.
In my life I have never seen anyone who deserved firing more than Coleman, yet our so-called heroes haven't thought of that? Does arguing that the Fed shouldn't exist somehow excuse you from taking action against the incompetant in charge of auditing them?
It seems to me that these cries to "Audit the Fed" and "End the Fed" are straw man arguments. "Fire Elizabeth Coleman" or "Fire Bernanke" are two things that desperately called for action. Where was Ron Paul when the debate over the Bernanke re-confirmation was raging? Out on a book tour?
I want them ALL gone - even RP ( sorry DB & Dr P.)
Ron Paul needs to first be in one of the big debates. His golden ticket keeps getting lost in the mail.
Paul Ryan?
Paul Ryan for Veep?
Mark..i'll provide evidence later when i have time...but ron paul was fighting against the bernanke reconfirmation...
http://www.msnbc.msn.com/id/21134540/vp/35057334#35057334
He does talk up his great "audit the Fed" work a lot though. Of course, here he is on "The ED show" at about the same time. When asked when he was going to approach the White House about his proposal:
http://www.youtube.com/watch?v=ubWrKGrqWLk
"I know where there gonna come down on it...I think there's less than a one percent chance he would support this...I believe it'd be a veto on this."
Way to go, Braveheart!
On the Fed stuff and practical moves like "Fire E Coleman!," I think at one level you have to recognize that Ron Paul can't be Ron Paul crossed with William Jennings Bryan crossed with Rahm Emanuel crossed with Perry Mason. Ron Paul is great at doing what he's done for 40 years -- and at 70+ I'm sure he takes with some equanimity events and developments that a younger Ron Paul would have seen as TheOneDecisiveMoment. Dr. Pitchfork is young and angry (and he talks about himself in the 3rd person like Rickey Henderson), but Dr. Paul is capable of thinking long-term without letting the day-to-day ups and downs, well, get him down.
And he was right about Obama's stand on the issue of Bernanke (and on the Fed). I suppose we could fault Dr. Paul for not chasing Obama down and hammering him about auditing the Fed, but isn't there someone -- ANYONE -- who is young and might have the chance to do that? It's that person's job to do that sort of stuff (imho).
"This is Rickey, calling on behalf of Rickey. Rickey wants to play baseball."
http://www.youtube.com/watch?v=aXiAqh_dVHw
Is that why he reminds me of Grandpa Simpson so much?
"....We can't bust heads like we used to, but we have our ways. One trick is to tell 'em stories that don't go anywhere - like the time I caught the ferry over to Shelbyville. I needed a new heel for my shoe, so, I decided to go to Morganville, which is what they called Shelbyville in those days. So I tied an onion to my belt, which was the style at the time. Now, to take the ferry cost a nickel, and in those days, nickels had pictures of bumblebees on 'em. “Give me five bees for a quarter,” you'd say.
Now where were we? Oh yeah: the important thing was I had an onion on my belt, which was the style at the time. They didn't have white onions because of the war. The only thing you could get was those big yellow ones..."
http://www.hulu.com/watch/26211/the-simpsons-strike-breakers
For a good quick take on the libertarian philosophy, this 8-minute animated video does a pretty good job -- http://www.isil.org/resources/introduction.swf
Jct: Casinos print chips out of thin air when they need them and that doesn't cause inflation. And the money created is not "counterfeit" because most of it is backed up by assets, like a good casino does too. The only problem is that the casino chip is a receipt for collateral all the time and money is a receipt for collateral that loses its value over time. And the only difference is that you have to pay back 11 to use 10 in real life and only 10 to use 10 in a casino. So the only difference is the interest on the token that causes the inflation, not too many chips. Yes, injection of more money is worrisome if you think the problem is more money on the left chasing the goods on the right, Inflation Shift A, So reducing the loans of new money by raising interest may make sense. But if you're aware of Shift B Inflation, "same money on the left chasing less goods on the right after foreclosure," reducing the foreclosures by reducing interest makes sense. http://johnturmel.com/shifts.jpg So are we suffering too many wheelbarrows full of money with empty store shelves or the not enough money with full store shelves? See Shift B Inflation from Turmel's Miracle Equation exposes Big Lie of Economics at http://www.youtube.com/watch?v=GqlthpY94cQ Ron Paul's a dinosaur, a nice dinosaur but a Judas Goat dinosaur leading the sheople astray with his notions we have too much money already and adding more chips to the game would cause inflation Shift A. The Banking Systems Engineer.
end the war on drugs...it's a failure and millions are in jail for smoking weed...
end the illegal overseas wars...check...
shrink the defense budget by 50%...check...
audit the fed, end the fed...check...
stop the stimulus...check...
eliminate several gov't agencies..check...