Bernanke HUMILIATED by RON PAUL

[poyayan]

Quote from traderdragon2:

Christ, just looked at california cpi's and its full of shit too. I guess homes prices havent budged more than a few percent a year in california
*pukes*

To be fair, CPI for california is around 200. California's living cost is about 2x of the national average? Wow, I didn't know california is that expensive.

 

[trendy]

Quote from arealpissedgoy:

It's interesting to note the "buzz" on ET about Ron Paul. Unfortunately he will never be elected because he fails in 2 key electoral criterias. 1) The average guy voter wouldn't want to have a beer with him and 2) he isn't "cute" enough for the average woman voter. That's a double whammy no candidate can overcome.

I guess you don't remember Jimmy Carter.

 

[traderdragon2]

Quote from poyayan:

To be fair, CPI for california is around 200. California's living cost is about 2x of the national average? Wow, I didn't know california is that expensive.

Yes but housing has gone up like 300% recently and yet california CPI hasnt budged that much. Give me a break

 

[arealpissedgoy]

Quote from trendy:

I guess you don't remember Jimmy Carter.

Wasn't he the guy who lost to a supposed "movie actor"?

 

[Avid_Consumer]

ron has real traction that continues to surprise me in conversations with boomers, and i think he's exactly right. he's not as popular yet as his views are

the monetary establishment is a perversion of traditional american ideals

 

[Hoppean]

Quote from fhl:


The facts are that americans only feel the effects of a weak dollar when they purchase foreign products, just like Bernanke said, and contrary to what Paul said.

This is just wrong. Purchasing power determines exchange rates, if domestically produced goods were, on a relative basis, cheaper than the same foreign good then this difference would be arbitraged away by foreign currency holders. The result would be that domestic goods would be bid up and Americans would be priced out of the market. This also goes to show that Bernanke is a nothing but keynesian hack who doesn't understand elementary economics, but then again his job is to give intellectual cover for whatever the private bankers, who own the fed, want to do.

 

[Gregarious]

What are you smoking Dragon? I live in the ONLY area in CA that has NOT gone down this year badly this year, the Bay Area. SoCal down, Central CA down, Northern CA (above Bay area) down. Even the Bay area has seen a decrease inthe last 6 months. Stop reading the old news and wake up. And we do not represent 50% of Americas Real Estate, FYI. Get a map and stop being a CA centalist. The rest of this country has the best people, we bring in the morons. Only so many foreigners wil continue to buy here...

http://www.sfgate.com/cgi-bin/artic...5KT090D.DTL&hw=real+estate+drop&sn=009&sc=172

http://www.sfgate.com/cgi-bin/artic...0BSS6UH.DTL&hw=real+estate+drop&sn=011&sc=164
http://www.sfgate.com/cgi-bin/artic...VPSEMVQ.DTL&hw=real+estate+drop&sn=020&sc=129

Quote from traderdragon2:

Im talking about a state by state, or population by population weighting.

If 100,000 people live in bum fuck nowhere State USA, and homes prices drop 10% a year there, and half the population lives in california, and homes go up 100% every 2 years, does it make absolutely any sense at all to average the two???

The nationwide home price number doesnt mean jack shit when the population is not distributed evenly nationwide.

Run the CPI against california only, and what do you think the home # is going to look like??? It will show insane inflation.

 

[synchro]

Quote from Thunderdog:

Great video, but I don't think Bernanke looked particularly uncomfortable. He didn't so much "defecate himself" as exhibit the air of someone who doesn't give a shit.

Regardless, Ron Paul is one cool dude and a rugged individualist among his peers. I like him.

I would agree. I think HeliBen, unlike Elmer, truly bellieves his own shit, i.e., at the slightest whiff of deflation, try inflation, and if that doesn't work, go hyperinflation.

 

[synchro]

Quote from stock_trad3r:

He has a strong dollar policy and opposes rate cuts. If he could control the fed the dow would be at 11500 and we would have already entered a recession.

Recession is not necessarily bad. It wipes out speculation, mal-investment, stupid investments, and a bunch of other econonmic pathologies.

 

[synchro]

Quote from Cheese:

Ron Paul showed himself as the real lightweight he is. He is a total clown trying to be the peoples friend when, bottom line, he really doesn't know sh*t from sh*t. Paul's contribution was a jumble of uncorrelated populist concepts with Bernanke looking at this clown to whom no serious answer could be given. The look on Bernanke's face was one of just having to tolerate such inept and imprecise thinking because it can come from mouths of some deadbeat professional politicians like Ron Paul who are going nowhere but who desperately thrive on any public attention they can get

Peace.

I would substitue "Ron Paul" in the above paragraph w/ HeliBen, or Cheese