Ron Paul on Federal Reserve and Inflation 6/25/2008
Uploaded by: minnesotachris
Video Description:
Congressman Ron Paul comments on the Federal Reserve's decision to maintain interest rates and raises concerns about inflation on June 25, 2008.
Help "Ron Paul Jr." BJ Lawson become Dr. Paul's friend in Congress! A moneybomb is coming up on September 17:
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Tags for this video: 2008 25 barr campaign election fed federal inflation june liberty mccain monetary obama paul policy politics reserve ron
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wtf man? are you talking about the ''fed's depression happened because they tried to keep us 'on' the gold standard?'' You need to research more; Because the Fed's #1 purpose has been to remove the Au+ standard! The great depression happened because Congress agreed to hand over Americas Money system to a private bank. Frankly this is the end of the story!
Please watch my Milton Friedman videos closely.
By the way, we had financial panics in 1837, 1857, 1873, 1890, and 1907 while on the gold standard and BEFORE the federal reserve even existed.
It was an active central bank and FDIC insurance that prevented this for 70 years after the Great Depression.
Thanks for recognizing that a system that uses dollars backed by gold breaks down because it is based on an arbitrary fixed exchange rate.
Where are you going to find the gold to make coins for 500 million Americans and Europeans?
Smart young people are with you Mr. Paul!
The dollar is going to drown in its own vomit spewed from the lying mouths of self-interested bankers and politicians who aren't as smart as they like to think.