CNBC Ron Paul grills Bernanke, traders cheering 2008.02.27



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Congresman Ron Paul asks questions to Ben Bernanke during FED chairman testimony on 2008.02.27.
CNBC anchor Rick Santelli talks about reaction of traders in Chicago market during Ron Paul questions.

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why is he not ... ( 1 month ago by eclipsxe2000)
why is he not answering the question ??????
Next time Bernanke ... ( 1 month ago by ehunter2)
Next time Bernanke has the audacity to say there is no inflation he should be tossed to a mob of Brooklyn housewives armed with egg beaters and waffle irons.
The Reagan "market ... ( 1 month ago by ehunter2)
The Reagan "market fundamentalism" and easy money was a lie.
It created a class of criminal CEO's, bogus companies spun of thin air by bullshit artists, a devastated middle class, a destroyed environment, shortsighted planning on all fronts. It was a LIE.
the less the dollar ... ( 1 month ago by estgar1)
the less the dollar is worth... the prices go up. yesterday an apple was $1... today the dollar went down so now that apple is $2..... do we really need to go into apples and oranges here to explain economics? i will if i have to... its not anyones fault but the FED's fault... the prices aren't going up for no reason, they are going up because the dollar is getting weaker by the day. soon a loaf of bread will be $100... and it wont be expensive... its just that $100 wont be much by then.
and boy, am i glad ... ( 1 month ago by estgar1)
and boy, am i glad we got McCain and Obama for future leaders... i mean who wants RON PAUL when we can have a war monger or an inexperienced nobody....
I can imagine what ... ( 1 month ago by AChrisL)
I can imagine what goes through Ben's head every time Paul gets ready to attack. I'm still waiting for Bernanke and his wall street goons to jump in his "helicopter" and take Ron Paul out.
While we need to ... ( 1 month ago by vidfreak56)
While we need to stop printing money, especially domestically, the gold standard, while establishing stable prices, isn't viable if we want a growing population. Now "price stability" is a way to stablize inflation, but its just too easy to lose control of if the dollar is ignored. We seriously need to produce much of our fuel and food needs, in America, reduce our bloated government, in America, and focus on import/export/transaction balance to stabilize money, in America.
Part of the reason ... ( 1 month ago by vidfreak56)
Part of the reason why prices are high is because the currency is inflating. A lot of the reason why prices are high is because OIL is so expensive. That's called Demand Inflation. This is why the FEDs try to control prices instead of inflation, however, that is creating problems aswell. The dollar gets weaker, naturally, as our population grows. But the key is, prices can't be controlled in a free market, which only adds to inflation and makes things worse. Unless we were supplying ourselves.
Also, just because ... ( 1 month ago by vidfreak56)
Also, just because our currency deflates, because the supply drops, for example, doesn't mean that oil will drop in price. Initially it will, maybe, but soon we'll see people spending the same proportion of cash, to pump gas. We'll still be in a recession, and people will still have less money to spend. Sure it'll be worth more, but everything will still be more expensive because of demand inflation.
Freemasons built ... ( 1 month ago by DemonosZXZ)
Freemasons built this country but they aren't the ones bringing it down, its stupid greedy people pure and simple.
Average price of ... ( 1 month ago by estgar1)
Average price of milk: $4.99
42 gallons = 1 barrel.
1 barrel of Milk: $209.58
On the other hand look at this. Average price of Gasoline: $4.15 (regular) Barrel of crude oil: $138.74 if i was to fill up that barrel of crude oil with regular rate gasoline it would run me about: $174.3 @ $4.15 a gallon. So im pretty much being told we got more Oil on the face of the earth
then MOOH FUCKING COWS?!!! last time i checked we can get more cows... some one explain this to me plz.
Banks are bailing ... ( 1 month ago by estgar1)
Banks are bailing out... food is going up... housing market is in caos.... wages keep going down along with jobs... government cuts programs to help people...
but god damn we got a kick ass fucking war going on, god bless america, people dying of bullets to the ass and some die of hunger, the economy is going down the shitter and the middle class is going bankrupt... the war economy couldn't be better. fuck the people... lets destroy and rebuild!!! and
put some money in our pockets!!!
we don't fucking ... ( 1 month ago by estgar1)
we don't fucking own anything, miss a fucken morgage payment and see what happens... its in the best interest of the FED that we lose everything, the FED is not a government branch... its private... they own everything, they got our money.. and when i say money im not talking about paper and coins, im talking about gold and silver.... but most of all they own our land... and we can't even audit the FED, they are untouchable.
but don't let me ... ( 1 month ago by estgar1)
but don't let me scare you, just keep thinking everyone in the goverment is looking out for your best interests... after all with my kind of talk i been labeled anti-american... terrorist... asshole... amongst many other things, government is our daddy and they will protect us (hahaha)... how many people here actually knows whats going on? who here knows how this war works? and "war on terror" its not an answer, don't give me no fucking slogan answers.
why would we want a ... ( 1 month ago by estgar1)
why would we want a gold standar? who wants money that doesnt lose value? oh wait.....
the truth of the matter is that most people look at a $1 as a dollar and they never see beyond that, they never try to understand what a dollar really is and have no concept of economy and value, and that problem is exactly what has lead us to where we are today... stupidity my friends, stupidity.
.. but what am i sayinf? americans are the smartest... strongest in the world... i should be shot and burned.
Really...you think ... ( 1 month ago by vidfreak56)
Really...you think the problem is stupid Americans? The problem is our misguided and corrupted leaders who don't try to sustain the country, no, they only look out for their own interests. When it comes down to that, everyone does. Educated or not, we can't all be economists just to make educated decisions about the world. We have to be able to trust someone to run things right. But there in lies the problem. So far the "leaders" in this country haven't been doing much of that at all.
The problem isn't ... ( 1 month ago by vidfreak56)
The problem isn't the amount, rather if that amount can supply the people that demand it. We simply aren't producing enough of our own oil to see a price difference. Of course it doesn't help that we keep inflating the dollar without increasing wages, but the core of the problem, I think, is demand inflation. China, amongst others, are becoming a major demander of oil for fuel. That, speculation, fear mongering, and a slew of other economic drivers are the primary causes of it.
vidfreak you dont ... ( 1 month ago by Sensfan613)
vidfreak you dont think the problem is stupid american?!?! lol If americans weren't idiots they would do something about the corrupt leaders and governemnt they proudly call democatic and freedom. listen bud... how the fuck can you have a private bank as the federal reserve nothing federal about it buddy THEIVES
No. I don't think ... ( 1 month ago by vidfreak56)
No. I don't think labeling people "stupid" is the answer...its the easy answer, but not hardly THE answer. An answer for the simple minded. Yes, a lot of people are too easily manipulated, lazy and gullible, but hardly stupid. Ignorant is a better word, and in a lot of cases willfully.
And the fed did fine, until monetary inflation caught up with demand inflation. Now a lot of problems are showing up. I never said it was federal. Corporate thieves is a better term though.
The fed did fine ... ( 1 month ago by kungfulights)
The fed did fine till wha ? huh? We've never stopped owing the fed and never will..
"..monetary inflation caught up with demand inflation" , blah, blah
And who would've caused this? uh could it be uh, let's see here, umm, lemme guess, uh 'the fed' ?!
We? The banks owe ... ( 1 month ago by vidfreak56)
We? The banks owe the fed, not the people. And I doubt that bank debts will NEVER end, that's just alarmism talking. However, that's not to say i'm defending them. The people running the federal reserve essentially failed to do their job. I.E. to protect against monetary inflation, price inflation, economic bubbles, etc. Does that mean the system is bad? Not necessarily. It has holes like many others. We do need a change though. Preferably one without humans involved, IMO.
US owes 96 trillion ... ( 1 week ago by sugarpuddin88)
US owes 96 trillion it plundered from its SS & medicare trust US also owes 53 trillion from monies plundered from other trusts US owes 9 trillion dollars interest to a bunch of private bankers who are allowed to print its money out of thin air, (the privately owned Fed Reserve Bank) Thank god for my second citizenship See you later suckers!
I salute George ... ( 1 week ago by lonecretin)
I salute George Bush for a job well done so far, and hope for a few extra terms so he can accomplish his mission. As for opponents of the New World Order, I will gladly join the global elite and hunt all of you dissidents down. You are all nothing but lowly cattle, and shall be rightly slaughtered when the time comes, while me and my brethren of the New World Order transhumanize and take to the stars.
It's pretty stupid ... ( 3 days ago by trapspeed97)
It's pretty stupid to think that a dollar without anything to back it up has any value. Hell, that's almost like saying I'll pay in paper. Throughout civilization hard money has been the currency. Gold has been traded for ages from Aztecs to Indians to Europeans. It almost never decreases in value. DUH!



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