285 responses to “Ron Paul to Fed: All You Can Do is Print Money – And It Doesn’t Do Any Good!”

  1. etzel33

    “all currency is 100% backed by gold

    All LOANS you mean. This is the key to FRB. Until banks hold 100% reserves, credit will flow into the market and bank-runs will continue to threaten us, requiring a central bank and the support of the Federal Gov’t to support them.

    And the Federal Reserve in this case is acting AS the Federal Gov’t, just a privatized version of what our US Treasury is ultimately responsible for. Witness 2008 banking crisis.

    »crosslinked«

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  2. Vern Etzel

    ” I thought you were defending the FRB fraud system”

    You’re correct, I am 100% against the FRB system. I’m simply pointing out that the gold standard in of itself isn’t a magic bullet to resolve it, and that FRB can exist WITH it. Sure, gold standard, why not. Count me in. The real problem is FRB.

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  3. Vern Etzel

    ” I thought you were defending the FRB fraud system”

    You’re correct, I am 100% against the FRB system. I’m simply pointing out that the gold standard in of itself isn’t a magic bullet to resolve it, and that FRB can exist WITH it. Sure, gold standard, why not. Count me in. The real problem is FRB.

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  4. etzel33

    ” I thought you were defending the FRB fraud system”

    You’re correct, I am 100% against the FRB system. I’m simply pointing out that the gold standard in of itself isn’t a magic bullet to resolve it, and that FRB can exist WITH it. Sure, gold standard, why not. Count me in. The real problem is FRB.

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  5. etzel33

    ” I thought you were defending the FRB fraud system”

    You’re correct, I am 100% against the FRB system. I’m simply pointing out that the gold standard in of itself isn’t a magic bullet to resolve it, and that FRB can exist WITH it. Sure, gold standard, why not. Count me in. The real problem is FRB.

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  6. Vern Etzel

    “How can you say our purchasing power wouldn’t multiply”

    I’m simply pointing to the fact that purchasing power has diminished prior to Nixon’s revoking of the gold standard. More generally, there is no multiplicative effect within a 100% reserve system. FRB increases money supply out of necessity. A tight money supply under 100% reserve would limit trade to actual value and our debt-based system would vanish. Good thing I know, but trade would slow dramatically.

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  7. etzel33

    “How can you say our purchasing power wouldn’t multiply”

    I’m simply pointing to the fact that purchasing power has diminished prior to Nixon’s revoking of the gold standard. More generally, there is no multiplicative effect within a 100% reserve system. FRB increases money supply out of necessity. A tight money supply under 100% reserve would limit trade to actual value and our debt-based system would vanish. Good thing I know, but trade would slow dramatically.

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  8. Vern Etzel

    I actually agree with that line of thought 100%. Again, I don’t advocate a Central Bank. I’m simply pointing to the implicit fraud within the banking industry. This could be adjusted and banking could continue without the need for a “lender of last resort” or even deposit insurance. I also favor shifting taxation away from income, sales and payroll to severance, pollution and land. That’s another issue. It’s where I separate from anarchism in a big way.

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  9. etzel33

    I actually agree with that line of thought 100%. Again, I don’t advocate a Central Bank. I’m simply pointing to the implicit fraud within the banking industry. This could be adjusted and banking could continue without the need for a “lender of last resort” or even deposit insurance. I also favor shifting taxation away from income, sales and payroll to severance, pollution and land. That’s another issue. It’s where I separate from anarchism in a big way.

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  10. Vern Etzel

    FRB was the beginning of the banking industry at the very beginning of the Enlightenment, under the Medici family who were allowed by the church to charge interest on loans. This soon spread to all of Europe. The Rothchilds, for instance, built their entire fortunes on FRB. Gold was simply the unit-of-measure. Should on-demand deposits be backed 100% by reserve, or are receivables OK? That’s the issue.

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  11. etzel33

    FRB was the beginning of the banking industry at the very beginning of the Enlightenment, under the Medici family who were allowed by the church to charge interest on loans. This soon spread to all of Europe. The Rothchilds, for instance, built their entire fortunes on FRB. Gold was simply the unit-of-measure. Should on-demand deposits be backed 100% by reserve, or are receivables OK? That’s the issue.

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  12. Vern Etzel

    “or the fractional reserve system, where you print money that isn’t backed up by gold

    Fractional RB existed before the Federal Reserve did of course. You’re right that central banking existed prior to that via Hamilton and the Federalists. Banks issue loans, then use those loans as assets to issue additional loans against, increasing the money supply. Most currency is issued in this way, or used to be as of 19th century. It’s called “banking privilege”.

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  13. Vern Etzel

    “This is why the state must be limited as much as possible. It’s why we have a Constitution”

    I’d need to know “which” constitution you’re talking about… the 1791 version or the current document. Nevertheless, it is evident that the present USC has done a poor job of providing limits on gov’t. All this decrying of “unconstitutional” acts should be an issue for the courts, per the USC, not legislative punditry. Art 1 Sec 8 isn’t very limiting.

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  14. Vern Etzel

    “This is why the state must be limited as much as possible. It’s why we have a Constitution”

    I’d need to know “which” constitution you’re talking about… the 1791 version or the current document. Nevertheless, it is evident that the present USC has done a poor job of providing limits on gov’t. All this decrying of “unconstitutional” acts should be an issue for the courts, per the USC, not legislative punditry. Art 1 Sec 8 isn’t very limiting.

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  15. Vern Etzel

    “he gold standard most certainly is a defacto solution”

    The gold standard, and fractional reserves, are two separate issues. It is banks, not gov’t, that issues the most currency in our system. Loans made on A/R “assets” are a pyramid of promises. I’m sure you realize that. Using a 100% reserve system is ethical, but consider that it would be the tightest of money supplies. Purchasing power would not be multiplied as you suggest… I suspect. Still looking into it.

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  16. lilbluehonda24

    Yes!!!! Get rid of the Income Tax! I love that Idea!!!

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  17. MrWakethesheeple

    MSNBC Executives: We can’t let this man on television again and since I own the media owners, do what I say. He can’t be beaten in an argument. He will expose the false left/right paradigm that we bankers masquerading as Zionists have used to steal America’s wealth and set up a police state. DON’T LET HIM ON TV AGAIN. Sincerely, Evelyn de Rothschild. London 12/5/2010.

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  18. sschevypwrbb

    her closing remark, and Ron’s taken back expression, “What” is an example that even an educated woman, JUST DOSN’T GET IT.

    ShepherdsChapel at the dot com

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  19. turbo181

    Reporters are robots with show-personalities. Ron is the man! 2012!

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  20. robitussin217

    I’m disappointed so many are so quick to judge this woman so basely. She asks tough questions and then, unlike most “news analysts”, she actually listens to the answer!

    I voted for Ron Paul. I think he’s a rare man of the utmost character. But, these responses debase the kind of quality displayed in people like Ron Paul.

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  21. etzel33

    Money is Debt. Under fractional reserve banking, private issues of currency happen all the time and can occur in spite of a Central Bank. A CB is a hedge against bank runs and other downsides to the implicit FRAUD of FRB.

    Taxation ultimately defines the value of a national currency. All money created by the FED is based on US Securities i.e. taxpayers. Establishing a gold standard doesn’t prevent this pyramid scheme of “banking privilege”, and neither would nationalization of the FED

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  22. RonandRand2012

    Paul is right! We need to end the fed and stop caring how money is distributed. Just like liberty, getting money should be a free for all!

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  23. pretorious700

    How in hell does the fed “address unemployment”??? By printing money? How does that create meaningful employment?

    Wow, this lady is an idiot.

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  24. TheWayha

    Mr. Paul I haven’t figured out if your surrounded by Jesus’ angels or if you are one but I sure am glad we have you in congress. Wish my state of Massachusetts had a congress person like you we could be proud of. Sadly its all anti- Constitutional mafia here. Thank you for all you do.

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  25. AudioCase

    That sums up the widespread ignorance, she basically says that following the constitution is ‘very controvertial’.

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  26. EikC

    Problem is, then everyone would sit on forums ranting about the “fed”, and how our country is supposed to be a Christian nation.

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  27. klscott5

    I wonder who pays her salary? Knowing that the Rothschilds own AP (Associated Press) and Reuters,among many other media outlets,I can only guess…

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  28. klscott5

    There’s a new book out called ” The creature From Jekyll Island “. It’s a must read.

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  29. NationalSocialism Wins

    “very controversial proposal there”. FUCKING STUPID BITCH FFS! TRAITOR!

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  30. HumanityWins

    “very controversial proposal there”. FUCKING STUPID BITCH FFS! TRAITOR!

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  31. skyline777

    great job Ron Paul!

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  32. NCIcaucus

    Reach back like a pimp and smack da ho!

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  33. NCIcaucus

    Reach back like a pimp and smack da ho!

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  34. NCIcaucus

    Ron Paul is like crack-cocaine for me…too bad everyone can’t get hooked on this modern-day founding father!

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  35. DJAnthonyillWill

    Controversial to get involved with the Fed?!?!?! This lady must have ate the blue pill.. Unbelievable what little people do not about how bad the Fed is raping us

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