Ron Paul: I’ll Vote Against Raising the Debt Limit




Ron Paul discusses how raising the national debt limit is inevitable due to accumulating interest and irrational government spending.

Date: 01/08/2011



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159 Comments:

  1. They're just using him and his libertarian philosophy in their campaign to try to undermine Obama and his big government approach. However, notice how Fox was eerily silent during the Bush administration's profligacy. But watch out. If Paul runs for president again and starts making headway, Fox News will turn on him quickly to make way for some 'neo-con' like Palin or Romney.

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  2. They're just using him and his libertarian philosophy in their campaign to try to undermine Obama and his big government approach. However, notice how Fox was eerily silent during the Bush administration's profligacy. But watch out. If Paul runs for president again and starts making headway, Fox News will turn on him quickly to make way for some 'neo-con' like Palin or Romney.

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  3. They're just using him and his libertarian philosophy in their campaign to try to undermine Obama and his big government approach. However, notice how Fox was eerily silent during the Bush administration's profligacy. But watch out. If Paul runs for president again and starts making headway, Fox News will turn on him quickly to make way for some 'neo-con' like Palin or Romney.

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  4. They're just using him and his libertarian philosophy in their campaign to try to undermine Obama and his big government approach. However, notice how Fox was eerily silent during the Bush administration's profligacy. But watch out. If Paul runs for president again and starts making headway, Fox News will turn on him quickly to make way for some 'neo-con' like Palin or Romney.

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  5. The USA is not the only country in the world, in case you had forgotten. Money is universal, and we all have evil central banks, the problem is global the American Constitution is not relevant except to your internal affairs.

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  6. Haha

    what a retort, although we are in agreement but with a slightly different perspective you still feel the need to hurl an insult.

    International trade can be carried out in any currency, the important thing is that both parties are in agreement with the medium of exchange. Local trade can be regulated by the rules of the local currency, however you can still barter, so once again, it is people that determine the value of the currency.

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  7. Haha

    what a retort, although we are in agreement but with a slightly different perspective you still feel the need to hurl an insult.

    International trade can be carried out in any currency, the important thing is that both parties are in agreement with the medium of exchange. Local trade can be regulated by the rules of the local currency, however you can still barter, so once again, it is people that determine the value of the currency.

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  8. You said the market, which has nothing to do with the constitution, should determine the currency, and it's value. I was more specific, but I am glad I could help you express yourself.

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  9. So you went a long way round to agree with me. "The money supply would be dictated by the people".

    As it should be, we don't need a central bank, th only people that benefit from that are corrupt politicians, and there's plenty of them.

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  10. The founders intended for congress to determine the value, and coin money, which would include determining the money supply. The money supply determines rates. The online video, "The Money Masters" documents the times when fiat currency works, and it wasn't under the control of a private bank. Private banks are the problem. If congress were not owned by the private banks, and instead, were answerable to the people, then the money supply would be dictated by the people, ultimately.

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  11. Knowledge = POWER, Power = KNOWLEDGE... Curious? Please Visit: kip6.blogspot.com

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  12. dont act like thats not conventional wisdom though.

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  13. Ron Paul is the only hope. By the time his ideas take hold in the form of todays future politicians it will be too late If he himself dosent get into office in 2012/

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  14. Almost, the currency and its value should be set by the market not the government. Business is all about exchange, the people doing the exchanging should decide on the medium of exchange and the govt should only be an arbiter in case of conflict, not the setter of rates and provider of the currency.

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  15. I pray the new members look to Mr. Paul for guidance

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  16. why does it get cut off?

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  17. Based on the video, it seems abolishing the Federal Reserve, following Milton Friedman's advice, the congress could gradually issue US currency, and as the money supply is replaced, migrate away from fractional reserve banking toward 100% reserve banking, which would keep a lid on the inflationary risk of the worthless Federal Reserve Note.

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  18. At one time, in England they used a piece of wood to represent money. That system worked so well it was used for over 700 years. Another time was in the colonial period, and the last time got Lincoln killed. Knowing that Paul often refers to "sound money," I wonder if he hopes to return to a gold backed currency. The makers of the video point out that the Rothchilds likely have the gold market cornered, and going to a gold-backed currency would play right into their hands.

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    • Ron Paul wants to legalise COMPETING currencies. If you want to buy sell stuff with a tally stick, you would the right to.

      If I wanted to work for 20 pieces of silver a week, that should be my perogative.

      He's said this repeatedly. Clearly the message is not getting through.

      He stated that the constitution allows gold and silver only to be issued as currency by the State (but says nothing of private corporations/individuals issuing their own currency in whatever they wish).

      He's also stated that history has shown that gold and silver are what people revert to (700 years of tally sticks? gold and silver's been used as currency for over 5,000 years).

      As far as the Rothschild's having the gold market cornered, the only way anyone could gain control of the gold market is if the government centralised the gold storage, issued receipts against such storage and then fractionally reduced the proportion of gold per receipt, while maintaining the face value of the note. Oh wait, they already did that.

      If you have pure gold coins you use, while cumbersome, you physically hold it, once you give it in trade for something else, that other person has the physical gold.

      This is why when people now are talking about buying gold and silver ,they mean physical coin, NOT the GLD/SLV ETFs.

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  19. I would like to hear Ron Paul's reaction to the online video, "The Money Masters." This video is a long, in depth examination of money over centuries. The producers of the video assert that fiat currency in, and of itself is not bad, it is allowing a private bank to sell the currency to a country that is destructive. In the video they show several instances where fiat currency was issued by the state, and it worked well.

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  20. THE ONE THING !....THE ONE MOTO THAT WE ALL CAN GET BEHIND AS OUR COMMON GOAL, BETWEEN ALL TEA PARTY MEMBERS .
    " REINSTATEMENT OF THE CONSTITUTION " !
    ALL OTHER ISSUES WILL BEGIN TO DESOLVE OR REPAIR THEMSELVES IN THE PROCESS OF, REINSTATEMENT .
    AGREED ????!!
    DONT TREAD ON ME & NOW "REINSTATEMENT OF THE CONSTITUTION"
    MANDITORY ATTACHMENT OF THE ARTICLE AND SEC. OF CONSTITUTION GIVING SAID AUTHORITY ,TO ALL BILLS, WILL ASSURE THE PROCESS IS CARRIED OUT AND CONTINUED .

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