Bernanke HUMILIATED by RON PAUL
- Thread starter arbprofit2
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hogwash
none of the candidates are beerworthy
edwards is as much of a douche as anyone else.
who t f is cute? ghooliani, mr 911 my family doesn't support me and my dad served at sing sing, hillary mrs. oligarch #4, central planner incarnate? romney? obama?
gimme a break. they ALL suck big govt big spending ass. it couldn't possibly be a more stagnant race with the exception of paul
i honestly think paul penetrates the media haze. he's not ideal, but his honesty resonates
the beauty of this problem is we won't be able to dodge economic reality forever. if it's not paul, we'll get a monetary platform eventually. the 2 party establishment is pissing into its own wind
none of the candidates are beerworthy
edwards is as much of a douche as anyone else.
who t f is cute? ghooliani, mr 911 my family doesn't support me and my dad served at sing sing, hillary mrs. oligarch #4, central planner incarnate? romney? obama?
gimme a break. they ALL suck big govt big spending ass. it couldn't possibly be a more stagnant race with the exception of paul
i honestly think paul penetrates the media haze. he's not ideal, but his honesty resonates
the beauty of this problem is we won't be able to dodge economic reality forever. if it's not paul, we'll get a monetary platform eventually. the 2 party establishment is pissing into its own wind
The thread title is ludicrous.
Ron Paul has nothing new to say...
It's just the laissez faire Party Line.
Bernanke is bored to freaking death with Paul...
Because he simply disagrees with Paul.
This is the first time Ive seen RP speak
My first reaction is -- he is not very articulate
Somewhat of a rambler
Bernake seems neither pained nor bored (certainly not farting, IMHO)
The counter argument to the question of the weak dollar is, (again in my humble opinion)
currency strength is relative -- it is derviced by measuring a given currency against other currencies --- and other currencies are strengthening due to globalization ---
the question is --- is that a bad thing or a good thing
My first reaction is -- he is not very articulate
Somewhat of a rambler
Bernake seems neither pained nor bored (certainly not farting, IMHO)
The counter argument to the question of the weak dollar is, (again in my humble opinion)
currency strength is relative -- it is derviced by measuring a given currency against other currencies --- and other currencies are strengthening due to globalization ---
the question is --- is that a bad thing or a good thing
Yes, all other currencies are strengthening due to globalization. It is not that the dollar is weakening due to our fiscal policies. Too funny.
Why do we need another one of your posts? shouldnt you be on mainstream media? If he knows little about economics and finance, does that mean you know as much or less than a drive thru cashier at Mcdonalds? Well I dont think there is one person on ET other than code name "Handsome" who would take your side on this one. With that said, as many idiots that may post on et, you, have got to be the absolute king idiot. Never thought you could be number one at something, eh? congrats dumbass.
Ron Paul is pretty much the only hope IMHO.
It is astonishing to me WHY these anti-ron paul guys cannot understand the most simple of ideas.
The FED devalues are currency --that is the only "tool" it has at its disposal. It is there in order to allow the government to spend wildly without borrowing ---when the government falls short, it issues debt. The FED "sets" an interest rate. When the government goes out to borrow money, this would in a FREE MARKET which is ruled by the classical gold standard, cause interest rates to RISE. However, the FED sets the short term rate --since we are not on the gold standard, when the government comes in to borrow money, interest rates attempt to move higher --the FED comes in, with printed money, and buys government bonds in order to add cash to the system which keeps their interest rate peg.
Here is a simple fact ---from the inception of the USA until 1913 when the FED was created, the dollar actually GAINED value! Yes, it was worth a few % MORE in 1913 in the way of goods/services than it was in 1792 (monetary act setting the silver standard). Since 1913, using the Governments OWN data, the CPI, the dollar has lost 96% of its value --this is according to the government's OWN data for goodness sake!
Now we get to a point where the government has started to LIE about the CPI ---they have changed the way they calculate the CPI. This change happened in the early 1990's --they call it hedonic regression. Research it yourself --this is not hidden or secret, they make the calculations CLEAR to anyone and everyone. These hodonic regressions have manipulated the CPI figures.
A private company has started to calcuate inflation --go here: www.shadowstats.com
They calculate CURRENT inflation at 11% per annum --that's 11%!!!!! This is the true inflation figure --not the lunacy that is 2%.
The FED devalues are currency --that is the only "tool" it has at its disposal. It is there in order to allow the government to spend wildly without borrowing ---when the government falls short, it issues debt. The FED "sets" an interest rate. When the government goes out to borrow money, this would in a FREE MARKET which is ruled by the classical gold standard, cause interest rates to RISE. However, the FED sets the short term rate --since we are not on the gold standard, when the government comes in to borrow money, interest rates attempt to move higher --the FED comes in, with printed money, and buys government bonds in order to add cash to the system which keeps their interest rate peg.
Here is a simple fact ---from the inception of the USA until 1913 when the FED was created, the dollar actually GAINED value! Yes, it was worth a few % MORE in 1913 in the way of goods/services than it was in 1792 (monetary act setting the silver standard). Since 1913, using the Governments OWN data, the CPI, the dollar has lost 96% of its value --this is according to the government's OWN data for goodness sake!
Now we get to a point where the government has started to LIE about the CPI ---they have changed the way they calculate the CPI. This change happened in the early 1990's --they call it hedonic regression. Research it yourself --this is not hidden or secret, they make the calculations CLEAR to anyone and everyone. These hodonic regressions have manipulated the CPI figures.
A private company has started to calcuate inflation --go here: www.shadowstats.com
They calculate CURRENT inflation at 11% per annum --that's 11%!!!!! This is the true inflation figure --not the lunacy that is 2%.
I suggest for all you doubters to try reading about the Austrian School and their theory of the business cycle. They basically talk about how monetary policy is the main cause of the business cycle.
Check out www.mises.org they have a lot of free e-books on there and is a great way to learn about an important issue.
Check out www.mises.org they have a lot of free e-books on there and is a great way to learn about an important issue.