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Congressman Ron Paul Schools Bernanke on the Bailout Plan

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Congressman Ron Paul lectures Bernanke on the flaws of the bailout plan and the hazard of the attempt to fix prices versus letting them correct naturally in the free market at the Congressional Hearing today (9/24/08). Ron also questions Bernanke's authority and constitutionality of using the printing press to generate all this extra money needed for the bailout. Use www.votesmart.org to tell your representatives you don't want this plan.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: soullfire

Length: 06:45
Rating: 4.93
Views: 275556

Tags: Authority  Bail  Bailout  Bernanke  Constitutionality  Debt  Depression  Federal  Fixing  Monetary  Out  Paul  Price  Ron  Street  Wall  

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Video Comments

tim6575 (November 30, 1999 at 12:00 am)
I ment to say not COPPER OR PAPER! The Mindset of most Americans Are so stupid and they all need to wake up (I mean to think that PAPER IS MONEY FUCKING RETARDS)
tim6575 (November 30, 1999 at 12:00 am)
I can not believe Americans are standing Idle While our GOV. Is suppose to be a country of The people For The People By The People That last part is far from the truth..(BY THE PEOPLE?) This all happening cause of the Banks.Sezing up credit And puting fiat Money with interest in our System that is suppose to be backed By GOLD
tim6575 (November 30, 1999 at 12:00 am)
6:20 to6:35 (COINS) Reason? Coins Are money gold silver...NOT COPPER!!!!
DanielHubb360 (November 30, 1999 at 12:00 am)
yes, and wilson. however, it does a really shity job.
DanielHubb360 (November 30, 1999 at 12:00 am)
I disagree, and so do many leading scientific economists. Ron was right about this situation happening, he was talking about it long before anyone would admit there was a problem. This isnt the 1920's. Our economy has been running on the circulation of dept. Let's talk about housing. Why would they be concerned with keeping housing prices up, when people our having trouble buying houses. Their prices went up because there was so much credit available. Every action has a reaction.
Tunedup81 (November 30, 1999 at 12:00 am)
he's right and wrong.. Congress back in 1913 I believe it was changed the constitution to allow private banks (made up by a few people) to enable the Federal Reserve Act.. at which time most of Congress weren't there to be given the chance to vote on this bill. Your'e stating support for the few folks that actually have control of our economy. obviously its working. Printing money out of "Thin Air".. with no actual backing. 1973 shows what happens. Inflation EVERY year sense and Major Debt.
EvanHarold (November 30, 1999 at 12:00 am)
"...coins..."
robms18 (November 30, 1999 at 12:00 am)
Did he not say that it was Congress, under their authority granted by the Constitution, who set up the Federal Reserve to do its job?
JCeiver612 (November 30, 1999 at 12:00 am)
im sorry did u read the Constitution or did you sleep that day in history class?
robms18 (November 30, 1999 at 12:00 am)
To soulfire, who put this video up, if you actually listened to the whole video and not just Ron Paul's mistaken thoughts, you would see that Bernanke correctly destroyed every issue thrown at him. Ron Paul once again is using economic falicies and false interpretations of the Constitution to prove his incorrect theories on the Federal Reserve. Great job Bernanke- keep up the good work.

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