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. thedoctorisin24380

    The Bearer of Light rules you all, yet, you have no inclination and you focus on stupid political crap. May you and your children suffer the wrath of your ignorance and stupidity. Its a shame abortion isnt mandatory for the collective. Maybe wed not be in this situation had abortion been mandatory for people with an IQ under 130. May you all be blessed with the death that is ignorance. Keep focusing on false politics; for it shall be your death and brings much happiness to those who know truth.

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  2. Dr. Paul is focused on the sad state of the monetary system and trying to at the very least make people aware of it. If he came out on the side of 911 truth he would be branded a kook and marginalized completely by the media. It’s called picking your battles. The American public is so easily bamboozled I suspect the truth behind 911 will never see the light of day. Americans still believe the Warren commission.

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  3. I am amazed someone marked your comment as spam, well said. No single person has the capacity to make a systematic change in the way the Federal Government continually violates it’s mandate.

    Ron Paul would be the first to agree with you.

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  4. Don’t be a duped patriot. Ron Paul is a fake. He believes the official story off 911. A peaceful revolution can only take place if the people understand 911.

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  5. Don’t be a duped patriot. Ron Paul is a fake. He believes the official story off 911. A peaceful revolution can only take place if the people understand 911.

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  6. Don’t be a duped patriot. Ron Paul is a fake. He believes the official story off 911. A peaceful revolution can only take place if the people understand 911.

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  7. 10 to 1 they will raise the national debt!

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  8. beast mode is 0:00-4:58

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  9. Green Party!

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  10. palin and romney have no chance anyway lol

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  11. The fact that we cannot pay our bills without borrowing is a crime, its called a ponzi scheme. I think a guy named Berny Madoff went to adult daycare for that.

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  12. Yeah, I’ve always pointed to the word, “coin,” as evidence that they did not want the government printing money, but The Money Masters has made some interesting points. We could certainly do much worse than backing the dollar with gold, and abolishing the Federal Reserve.

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  13. I had the same recollection of greenbacks, but the 700+ years of the Tally Stick is still pretty good evidence that a fiat system can work. The irrefutable problem is a privately owned central bank issuing the fiat money, which is silly because the government can print dollars as easily as it prints bonds to buy the dollars.

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  14. “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;” Notice they included fixing a standard of weights & measures in the money clause? It’s no random coincidence. How could congress control the money supply in foreign countries? If you took 1 (silver) UK pound to the US mint they could coin about $5 (silver) US out of it. A pound was about 5x bigger than a dollar, therefore a pounds VALUE is about $5. That make sense?

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  15. MM makes Lincoln’s greenbacks into a panacea that never was. Greenbacks caused massive price inflation, and when the US finally went back to the gold standard in 1879, it brought the greatest period of growth in our history–the American “Golden Age”.
    It doesn’t matter how much gold there is. Once a money is established, any stock of that money becomes compatible with any amount of employment & real income. If your income is halved over night, would it matter since prices are also?

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  16. TMM makes the case that the owners of the Federal Reserve own most of the gold, already, and by going to a gold backed currency we are playing into their hands. Finally, it certainly is congress’ job to control the money supply – that is how you “regulate the value thereof.”

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  17. I have referred to the movie, The Money Masters already, and they make the case, historically, that fiat currency, in and of itself, is not bad. It is fiat currency issued by banks, as debt instruments that is bad. “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;” The purpose of money is to facilitate commerce, and many argue that the finite amount of gold in the world will stifle our world economy.

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  18. In no way did the founders intend congress to have control of the money supply. Congress was given the power to coin money not create it. A person could take raw gold to the US mint, the mint would press the gold into as many coins that it would make, take a small amount of gold for their work and hand the new coins back to the person. A dollar is a unit of weight of gold & silver (see Coinage Act of 1792). Setting a uniform weight is what is meant by regulating the value of a coin.

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  19. 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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  20. 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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