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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."


Watch Dr. Paul's appearance on the Daily Show during the '08 campagin:



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Reader Comments (35)

Jon Stewart Daily Show Video: "In A Truly Free Market, The Invisible Hand Has To Give The Dollar A Reach-Around." »


This one's funny...
Sep 10, 2010 at 3:52 PM | Registered CommenterDailyBail
'Green' jobs no longer golden in stimulus

Environmental projects fail to live up to hype

Sep 10, 2010 at 5:40 PM | Registered CommenterDailyBail
MYFOXNY.COM - A Playboy centerfold tried to bust out -- midair -- from a jet amid a bad case of high anxiety.

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.
Sep 10, 2010 at 5:59 PM | Registered CommenterDailyBail
Police said an angry mother believed to be a Metzger Middle School parent pulled a gun and threatened members of a Kirby seventh-grade volleyball team that had just defeated the Metzger team Thursday night.

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.

Sep 10, 2010 at 6:00 PM | Registered CommenterDailyBail
In his first press conference since May, President Obama assailed Republicans for opposing his economic agenda and spoke out passionately about Pastor Terry Jones' threat to burn Korans and Muslims' right to build an Islamic Center two blocks from Ground Zero.

Sep 10, 2010 at 6:05 PM | Registered CommenterDailyBail
Rep. Sanford Bishop (D-Ga.) awarded three scholarships from the Congressional Black Caucus Foundation to his stepdaughter and wife’s niece between 2003 and 2005, according to records from the nonprofit group.

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
Sep 10, 2010 at 6:07 PM | Registered CommenterDailyBail
It sounds like something straight out of Stanley Kubrick’s 2001: A Space Odyssey.

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.

Sep 10, 2010 at 6:08 PM | Registered CommenterDailyBail
MONTERREY, Mexico (Reuters) – Eighty-five prisoners escaped from a jail near the U.S. border on Friday, authorities and media said, the latest prison break underscoring the challenges Mexico faces as it battles powerful drug cartels.

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.

Sep 10, 2010 at 6:10 PM | Registered CommenterDailyBail
Sep 10, 2010 at 6:12 PM | Registered CommenterDailyBail
WASHINGTON – The U.S. military almost launched fighter jets and discussed a possible shoot-down when an errant Navy drone briefly veered into restricted airspace near the nation's capital last month, a senior military official said Thursday.

Sep 10, 2010 at 6:13 PM | Registered CommenterDailyBail
I think he dodged the question about "don't we need some kind of collective to protect us from corporatism"
Sep 10, 2010 at 9:42 PM | Unregistered Commenternot mark mchugh
We have a collective that is supposed to protect us from "corporatism", they are called independent auditors but they are no longer independent and they no longer audit. They have become a part of the corporate collective which is why we have no idea what the corporations are hiding.
Sep 10, 2010 at 9:51 PM | Unregistered CommenterZ
They used an old mathematical counting system called accounting. It has been replaced by fancy guys in suits that got an mbs in management and count beans using an off balance sheet counting system that helps support the dark pools, ponzi schemes and the shadow banking system. These guys like high price hookers and watch CNBC religiously.
Sep 10, 2010 at 9:56 PM | Unregistered CommenterZ
Why wouldn't you vote for ron paul in 2012...rudy's not going to run...
Sep 10, 2010 at 10:12 PM | Registered CommenterDailyBail
I'm not sure if you were directing that question to me, DB, but I probably would. There are things I don't like about him however:

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.)
Sep 11, 2010 at 1:20 PM | Unregistered Commentermark mchugh
Who would Ron Paul's vp be?
Sep 11, 2010 at 3:29 PM | Unregistered CommenterZ

Ron Paul needs to first be in one of the big debates. His golden ticket keeps getting lost in the mail.
Sep 11, 2010 at 3:31 PM | Unregistered CommenterZ
Z -

Paul Ryan?
Sep 13, 2010 at 11:38 AM | Unregistered CommenterOscar_DeGrouch
Z -

Paul Ryan for Veep?
Sep 13, 2010 at 11:38 AM | Unregistered CommenterOscar_DeGrouch
i'll take paul ryan with ron paul...

Mark..i'll provide evidence later when i have time...but ron paul was fighting against the bernanke reconfirmation...
Sep 13, 2010 at 11:46 AM | Registered CommenterDailyBail
Can't wait. Because I found this CNBC clip from Jan 25 2010 (three days before the vote) - he sounds more like a casual observer than a champion of the people


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:


"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!
Sep 13, 2010 at 2:01 PM | Unregistered Commentermark mchugh
That was funny, Mark. However, I'll take the Ron Paul we have any day over the other shmucks. If he himself were to be defeated in a real, earth-shattering clean sweep of Congress, I bet Ron Paul would be cheering, too.

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).
Sep 13, 2010 at 2:19 PM | Registered CommenterDr. Pitchfork
One story is that Rickey called the Padres GM and left this message:

"This is Rickey, calling on behalf of Rickey. Rickey wants to play baseball."
Sep 13, 2010 at 2:23 PM | Registered CommenterDr. Pitchfork
Baseball loves ricky...funny clip...start listening at the 1-minute mark for the bonus story...
Sep 13, 2010 at 2:47 PM | Registered CommenterDailyBail
Dr. P.

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..."

Sep 13, 2010 at 3:25 PM | Unregistered Commentermark mchugh
McHugh liked Ricky's story.
Sep 13, 2010 at 5:42 PM | Unregistered Commentermark mchugh
Jon Stewart almost sounds like he's starting to get the libertarian concept. Or maybe it's just that he doesn't jump all over Ron Paul for his answers and praises his book. But clearly he recognizes that Ron Paul's ideas are libertarian and calls them that, rather than "conservative" as some behind-the-times media figures still do.

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
Dec 1, 2010 at 2:05 AM | Unregistered CommenterStarchild
@starchild...if you watch the first stewart paul clip from 2008 that i linked above you will see that stewart pretty much endorsed ron paul in 2008...
Dec 1, 2010 at 2:31 AM | Registered CommenterDailyBail
Ron Paul: "They have this little thing called the counterfeit machine. They just print the money when they need it."
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.
Dec 1, 2010 at 7:00 AM | Unregistered CommenterKingofthePaupers
Perhaps your astute eye has already seen this clip but check out "Good Times" explaining the perpetual debt machine: http://www.jrdeputyaccountant.com/2010/12/perpetual-debt-machine-as-explained-by.html
Dec 1, 2010 at 10:09 AM | Unregistered CommenterJr Deputy Accountant
@jda...that's fucking brilliant...i used to watch the show as a young kid...jj rules...thanks for the heads up...
Dec 1, 2010 at 10:22 AM | Registered CommenterDailyBail
Its good to see a real man that stands for what is right...he is not the only one blocked by the thugs.
Dec 4, 2010 at 8:26 PM | Unregistered CommenterIvan
I don't agree with about 50% of libertarian views and don't agree with Ron Paul much, but with government as it is today, I am more and more understanding libertarians. They are right about corruption and fed, property rights. I think libertarian view might be simplistic at times, but situation is so bad, that we really need to start dismantling government to get it right again! It is so rotten that we are being discouraged and complacent about government and our futures. Freedom is ideal of this country. We are giving it away to Chinese. What are we doing?! I do understand how Ron Paul kept his seat for that many terms. He is finally getting traction with people like me who in past considered him simply mad.
Dec 4, 2010 at 11:31 PM | Unregistered Commenterdee dee
dee dee...out of curiosity, why did you have that impression of him in the past...i'm new to ron paul..never knew much about him until 2006 and then i supported his candidacy in 2008...this is a sampling of what i like about ron paul...

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...
Dec 5, 2010 at 1:22 AM | Registered CommenterDailyBail

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