Transcript
News Anchor: Well as the debate heats up over the debt so do the warnings, GOP presidential candidate and Texas Congressman Ron Paul says these harsh words for the White House “In Washington, if you hear about a so called deal, you can be sure the taxes will come, but the cuts never will.” He’s also warning Republicans not to fall for any deals from Democrats, he’s joining us live now via Skype from Texas to explain why. Hello Congressman, good to see you today.
Ron Paul: Hello, good to talk to you again.
News Anchor: Alright, so you’re convinced that regardless of what kind of deal they work out, in the long term you think the spending cuts aren’t going to come, why not?
Ron Paul: Because the problem is too big, I don’t question their good intentions, I think a lot of members of Congress on both sides would like to get this behind them, but the problem is too big, there’s too much momentum, big government is there, nobody wants to cut the military, nobody wants to cut the entitlement. So they make this pretense but I don’t think the cuts will come, they talked about this in 1980s, they said if we raise taxes we’ll do the cuts, but the cuts never came. So and I work on the assumption that only this year’s budget is what counts. If you promise to cut in the next 10 years $4 trillion, I mean why should that reassure the public or why should that reassure the marketplace, it’ just putting things on. We have to decide as a country on whether or not we should be the policeman of the world and whether we can afford this entitlement system, and those are the two questions that they do not ask.
News Anchor: Well, Congressman, that sounds pretty pessimistic that we’re not going to turn this around, that the appetite for big government is insatiable at this point, so what’s the long-term bid of hope, is here any in your view?
Ron Paul: Yeah, I’m very hopeful, I’m very positive on the long run but I think we’re going to go through a bankruptcy first because everything we’ve done so far is just spend more and run up the deficit and print more money, and eventually the world will give up on the dollar and then we’ll go through the ringer through the bankruptcy and every reason in the world we’ll come back to our senses, maybe we’ll just follow the constitution, do only those things that are authorized, have sound money, don’t allow the Fed to print money and have a sensible foreign policy. But they’re not on the verge of this, but the people I talked to around the country, many of them young people are ready for it because they know they’re getting a bad deal, and they can’t afford, they can’t even get a job let alone pay for all this, all the wars and all the entitlements. So the whole process is coming to an end, that’s why I’m predicting in the next week or two or a month or two, they’re not going to come up with a solution that’s going to satisfy hardly anybody.
News Anchor: OK, so Congressman you’re looking past just the idea of possibly defaulting August 2nd or in the neighborhood there as we’ve been warned by the treasury department treasury secretary Geithner, you’re predicting an all out collapse of the U.S. Dollar and bankruptcy for the United States?
Ron Paul: Well yes, I mean we literally declared that already, one time we promised we’d pay in gold for our dollars and we declared we didn’t have that, but now we default all the time because we print money just to pay our bills and the dollar goes down in value. So if somebody pays you $10,000 they owed you a year ago, you’re only getting probably $900 and the government wants to pay their debt with cheap money. So they want inflation, they want devaluation, it’s the only way they can politically liquidate the debt. The other way you liquidate debt is you just stiff everybody and you don’t pay your bills. But we’re going to pay our bills, everybody is going to get paid but the money is not going to have any money.
They’re talking about changing the CPI right now so that they don’t raise the benefits to people under social security and they’re going to say it with a straight face and say “Oh the cost of living isn’t going up,” so there’s all kinds of way governments manipulate and worst manipulation is the depreciation of the currency and I don’t see how they can stop it. Because there’s no serious attempt to cut back, if they did, if everybody was worried as I am, they would get together and cut everybody’s budget 10% and save a lot of money right off the back. But there’s no suggestion, no attempt to do that, no attempt to bring our troops home and no attempt to say, “Maybe we’ve overextended ourselves with the entitle system” and it has nothing to do with what we’ve been authorized to do in the constitution, so this is why it is big, it is significant and what happens here in the next week or two and some type of agreement I project they’ll probably raise the debt limit but they won’t be coming any closer to the solution.
News Anchor: Alright Congressman I want to mention that at another important straw poll last night out of New Hampshire you came out on top again, you have great success in the straw poll arena, how are you feeling about your chances in New Hampshire come primary time?
Ron Paul: Well better all the time, so I was very pleased to hear that and we’re going to keep working very hard in the various states especially the early states, we were glad to hear what happened in New Hampshire.
News Anchor: Alright Congressman, we thank you very much for your time today, we know there’s a lot of work ahead on these very important issues and we wish you the best of luck.
Ron Paul: Thank you very much.
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QUESTION, PLEASE HELP!
Can an economist explain why when the Fed prints money from nothing(guise of credit) that for the proportion that they increase the money pool, why I don’t receive a similar proportional increase in my monetary worth, you know, in the same way that when a publicly list company does a stock split say 2 for 1 which halves the value of the stock, I am compensated for the dilution of value inherent in the increase of supply? PLEASE!!
I’m not American but I love Ron Paul..lol
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You do, you just don’t realize it in hand right away. It is the so called cost of living adgustment.
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All Ron Paul talks about are the the issues. Every other candidate will talk about ANYTHING but never about issues and solutions.
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Wanna know why Ron Paul statement that the world will give up on the dollar is so true? Well, because I’ve already given up on the dollar and I’m an American! It is in just due time.
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Wanna know why Ron Paul statement that the world will give up on the dollar is so true? Well, because I’ve already given up on the dollar and I’m an American!
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most, if not all, of USA financial deficit is due to the war machine that the state feeds. So the state is more and more poor, but the fat cats from the armament industry are fater and fater. that’s why you have also second amendaments right in USA. not to protect you from dictatorial regims, but to by guns, and feed even more the fat cats from armament industry. so the comon people are more poor, and the rich people more rich.
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Dr. Ron Paul cured my apathy. His prescription? Truth.
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Ok, cut the chit chat here lady…Ron Paul gets voted in as our next REAL president…then we re-implement the Glass Steagall Act , go after all banks, banksters, seize all accounts, audit all of them, remove the FED, as well as fanny may and freddy mac scam, get all our trillions back from these banksters and wall street scum, cut 75% of the government from our system. Thats only the first half of the first year ….wake up people…STOP the criminal chaos … vote Ron Paul in 2012
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despite the fake appearance that ron paul has millions of fans, he still we be getting last place in the ames straw poll. AGAIN. Give up Paul. This will be your 3rd failed quest for the presidency.
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While I disagree with Ron Paul on a few issues, such as how he wants to get rid of income tax, and social security. I honestly have not found a better candidate. Capitalism obviously doesn’t work in the long term, no income tax for the rich will still leave them with all of the money, the income tax cap needs to rise exponentially and share the wealth with the rest of us.
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these guys need to be killed. this is easy enough for me. i am having them killed. The rest of you americans will have to pay too. it’s a price you will have to pay now. it’s actually too late for you. it’s time.
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ron you dont want to take over the mess. they will just end up blaming the good people of americca. and the scum will get away scott free i think its their plan
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I truly love Ron Paul, he is a good human.
The lot could learn a great deal regarding this man approach and policies. But don’t forget he’ll need our support for the scale of needful things. This includes booting the clowns out of office when given the opportunity. When’s the last time your Congressperson or Senator did jack for you? Besides selling you down the river w/ Corporatism, GMO, Fluoride, police-state tactics and draining your wealth.
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But not before the world will give up on Ron Paul.
Just say NO to Ron Paul
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Ron holding that damn phone again. Not sure what that is about, but it always looks so unprofessional
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America does not matter ONLY ISRAEL! at any and all costs! zieg hiel Israel!
that is why military is over there. wimpy israel cant protect itself. but israel can spend millions sending mossad all over east coast.
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How does 401ks work?I havea lot of money in the 401ks, if it crashes before I retire, will it most likely go up again? I am 23 right now,and a part of me is hoping I will see a huge crash in the near future, and by the time I amof retirement age it will be fixed..
But maybe that is to optimistic, I might wind up seeing the crash right in time for my retirement?
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WEBSTER TARPLEY – PAKISTAN IS THE ROAD TO WW3 (1/6)
youtube. com/watch?v=qqKKGfeZucI
China Issues Ultimatum to United States
youtube. com/watch?v=dIpFapqOWoA
Congress Vote On Declaration Of World War 3
blog.alexanderhiggins. com/2011/05/15/congress-vote-declaration-world-war-3-endless-war-borders-clear-enemies-22785/
The site was recently got hacked.
Get yourself prepared.
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President Obama and Hillary Clinton pay blood money to Pakistan in adherence to Sharia law
youtube. com/watch?v=c5nuwS1UZyk
dailymail.co. uk/news/article-1366799/Raymond-Allen-Davis-Pakistan-riots-deal-US-pay-2-3m-free-CIA-agent.htmlgovernment-threatened-with-more-haarp-attacks-pays-60-trillion-yen-to-feds/
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I thought RP was crazy in ’08 when he wanted to end the fed. $ Bailouts $
now I’m a bit wiser.
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2 viewers are gagging on obama’s wee wee!
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RON PAUL 2012 WOOOOOOOOOOOOOOOOOOOHOOOOOOOOOO
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Libertarians, free marketeers and lovers of the ideas of Friedrich Hayek may like to know that my book Keynes Hayek: The Clash That Shaped Modern Economics is published by W.W.Norton in October.
Professor John B.Taylor of Stanford and the Hoover Institution says that: “Nicholas Wapshott brings the Keynes-Hayek fight of the 20th century back to life, making the clash both entertaining and highly relevant for understanding economic crises of the 21st century.” Sean Wilentz, Professor of History at Princeton, says, “‘Nicholas Wapshott’s Keynes Hayek is a smart and absorbing account of one of the most fateful encounters in modern history, remarkably rendered as a taut intellectual drama. Wapshott brilliantly brings to life the human history of ideas that continue to mold our world.”
Read an extract at: sites.google.com/site/wapshottkeyneshayek/
Nicholas Wapshott
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i am, overthrow the government
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The only logical solution for America and for the WORLD is Ron Paul!
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Please check out my youtube channel.. I need some views!
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Hey Anyone up for rioting ?
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Ron Paul 2012
woOoOoOoOpowOoOoOoOoOoOoOpwoOoOoOoOopwOoOoOOoOoOoOoOoOp
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I’m the one thumbs down!
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VOTE RON PAUL OR DON’T VOTE AT ALL!!!
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end all wars
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I’m 14 and I taught myself politics because of Ron Paul. I’m going to tell my parents to vote for him. I’m going to tell my friends to tell their parents. I’m going to grow up to become a true American Politician that defends the rights and liberty of the people through the constitution. Go Ron Paul!
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Ron Paul, just some friendly information…I already gave up. I took 95% of my capital out of the US Dollar, quit my job as a Policeman and left the country. Now I have land in Northern Europe, gold, silver, and francs. The smartest decision was to get out from under the ”Owe”bama regime that is headed by the Federal Reserve as ”Federal” as Federal Express. Ron Paul is America’s only hope but cannot win because the media plays games with him and most Americans are too dumb/ignorant.
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americans are too scared to do anything about overthrowing a government
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He’s the only one id vote for….
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the next president is screwed.
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