0:31 worthless ass.. asset haha

Thank you Dr. Paul. In know that none of them are actually listening to you, but I cannot thank you enough for trying.

Upvote Paulitics.

wiki: The terms fiat currency and fiat money relate to types of currency or money whose usefulness results not from any intrinsic value or guarantee that it can be converted into gold or another currency, but instead from a government's order (fiat) that it must be accepted as a means of payment.


ALSO:

As of June 13, 2008, the US nickel has $0.06013 in metal content; all circulating US nickels carry a 20.3% premium over face value in metal content metal at market prices. The intrinsic value of pre-1982 US cents, weighing 3.11 grams, are worth $0.02414, 141.4% above face value in metal content at market prices. However, post-1982 US cents, which weigh 2.5 grams, are 97.5% zinc and 2.5% copper (coated over the zinc) by weight. These have an intrinsic value of $0.00508 as of June 13, 2008, or 49.2% less than face value.


source wikipedia

Maybe it's time to start thinking about moving from a monetary based economy to a resource based one.

Ron Paul: "blah blah blah for 9/10ths of my time, then I'll ask you 100 questions at the end you'll not have time to answer, then I'll finally get to my point, which is the conspiracy of the ONE WORLD GOVERNMENT.. IS THERE ONE??"

Ben: "No."

Paul: "Are you sure?"

Ben: "Yep."


fin

Isn't this one is technically a *dupe of
http://www.videosift.com/video/Our-hero-Ron-Paul-speaks-on-a-Global-Currency-to-Replace

I would say this one is MUCH better though , because the earlier one has worse audio quality and an obnoxious border that reduces the actual relevant video space to a tiny fraction of the screen space.

I'd vote dupe as well. While this is a better quality embed, it's really got no additional content or value.

This is just to get it on the record. They are not even considering anything resembling a gold standard.

If in future generations they find a gold standard to be the only way to prevent economic meltdowns like the one we are experiencing now, they can look at this time and say "that's why it took so long to fix".

>> ^volumptuous:
Ron Paul: "blah blah blah for 9/10ths of my time, then I'll ask you 100 questions at the end you'll not have time to answer, then I'll finally get to my point, which is the conspiracy of the ONE WORLD GOVERNMENT.. IS THERE ONE??"
Ben: "No."
Paul: "Are you sure?"
Ben: "Yep."

fin


You've missed the point - As far as Ron Paul is concerned - he gave Bernanke an inch - but it was enough for him to indite (hang?) himself.

I mean, Ron Paul is just getting Bernake on record - thats functionally useful for all sorts of reasons.


And this conspiracy of one world government tosh is not at all representative of what was said in any sensible way. I think you have largely misunderstood the content of that dialogue. Or you are just very loose with your opinions.

>> ^Raaagh:
I think you have largely misunderstood the content of that dialogue. Or you are just very loose with your opinions.


Neither.

I've been following Dr.Paul for a long time, and this is how he rolls.

If he just wants to get Bernanke "on the record" about his NEW WORLD ORDER nonsense, as opposed to, oh i dunno, helping get us the fuck out of this mess and not waste the only five minutes he has then that's an enormous waste of his time, and a waste of us taxpayers' time.

The man can't have one conversation without going through his Austrian economics speech (which I'm sure Bernanke knows verbatim at this point), and going back 150 years in this countries economic history, when maybe he should be dealing with the task at hand, which right now is the bailout or non-bailout.

>> ^volumptuous:
>> ^Raaagh:
I think you have largely misunderstood the content of that dialogue. Or you are just very loose with your opinions.

Neither.
I've been following Dr.Paul for a long time, and this is how he rolls.
If he just wants to get Bernanke "on the record" about his NEW WORLD ORDER nonsense, as opposed to, oh i dunno, helping get us the fuck out of this mess and not waste the only five minutes he has then that's an enormous waste of his time, and a waste of us taxpayers' time.
The man can't have one conversation without going through his Austrian economics speech (which I'm sure Bernanke knows verbatim at this point), and going back 150 years in this countries economic history, when maybe he should be dealing with the task at hand, which right now is the bailout or non-bailout.


So let's keeping focusing on the symptoms rather than the disease, seems to be working GREAT for the health care system.

^ I totally understand what you are saying, I just don't agree that this meeting was the time for Ron Paul to give yet another history lesson.

Bernanke knows what the Austrian school of economics is, and what its tenets are.

If you'd like to use the health care analogy, isn't there a point where a doctor has to start treating the patient instead of bloviating on and on about what led them to their illness?

The point is, even if Ben and everyone else on the planet just said "Yes Dr. Paul, we agree with you 100%" then what? Is now the time to abolish the fed, the IRS and FIAT? If not, then what?

The point is not to educate Bernanke, it's to increase the visibility of an alternative viewpoint. One that doesn't have a history of causing economies to collapse. In order to increase the visibility, you talk about it every single chance you get. That is one of the best things Ron Paul does, and it's probably the best thing he can be doing for our country right now. The other fiat-obsessed blowhards are already printing out more money to bail out their pet industries, don't you worry about that.