Ron Paul on CNN American Morning (Coming Up) 04/27/11

[thedude]

Tune in here: http://www.justin.tv/radiomando5#/w/1128709968/15

Time pending...

[thedude]

Coming up next!

[cswake]

On now.

[specsaregood]

Wow, helluva wrap-up. The entire argument against the fed in 5seconds flat....

[TheState]

Well done, and the lady seemed to really like him.

[rawful]

WOW! He was extremely sharp for early in the morning.

[jct74]

http://www.youtube.com/watch?v=DJiMq-_rsDM

[Sola_Fide]

http://www.youtube.com/watch?v=DJiMq-_rsDM

That WAS AN EXCITING INTERVIEW. I AM PUMPED!

[Travlyr]

Excellent!


"If you didn't have the Fed monetizing debt, you couldn't fight these wars because you'd have to tax people." - Ron Paul

What he doesn't have time to elaborate on is the fact that we ARE being taxed for these wars ... and it is very expensive even though it's the hidden tax ... the inflation tax.


"By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens...and while the process impoverishes many, it actually enriches some (the military industrial complex) .... The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose." --John Maynard Keynes (1883-1946) From "Economic Consequences of the Peace" 1920"

emphasis mine

[Sola_Fide]

Excellent!



What he doesn't have time to elaborate on is the fact that we ARE being taxed for these wars ... and it is very expensive even though it's the hidden tax ... the inflation tax.

That is one hell of a quote from Keynes. How could someone so evil be so admired?

[Travlyr]

That is one hell of a quote from Keynes. How could someone so evil be so admired?

That is one hell of a good question, AquaBuddha.

[georgiaboy]

Awesome! I loved at the end how the hosts tripped over each other saying that while everyone else is just now coming around to discussing the fed, Ron has been saying it for YEARS!! Did you also notice how much more educated about these issues the hosts are now? People have been doing their homework.

In the GOP debates, Ron should slam this point home on this and other topics every chance he gets. It'll make all the others look like johnny-come-lately's. His stand-out presence on the stage is gonna work to his favor in a big way this time around. He can be the voice of the populace castigating the establishment, carrying the anger of the tea party right to the presidency.

RP2012.

[Inkblots]

That is one hell of a quote from Keynes. How could someone so evil be so admired?

That quote is out of context - Keynes was actually arguing against currency debasement:




Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.

Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

In the latter stages of the war all the belligerent governments practiced, from necessity or incompetence, what a Bolshevist might have done from design. Even now, when the war is over, most of them continue out of weakness the same malpractices. But further, the governments of Europe, being many of them at this moment reckless in their methods as well as weak, seek to direct on to a class known as "profiteers" the popular indignation against the more obvious consequences of their vicious methods.

-The Economic Consequences of the Peace by John Maynard Keynes

It reminds one eerily of the present day, doesn't it? After all, Obama has just formed a commission to investigate those wicked oil and gas "speculators", who are driving up energy costs for the working man.

[CasualApathy]

http://1.bp.blogspot.com/-UCxfhNk2moM/TayQ2Fplz8I/AAAAAAAABYk/Ih0_V5ffcl4/s400/waynes-world_Excellent.jpg

[sailingaway]

WTF? Ron has higher national polling than Rand does. What poll is he talking about?

[Travlyr]

That quote is out of context - Keynes was actually arguing against currency debasement:




Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.

Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

In the latter stages of the war all the belligerent governments practiced, from necessity or incompetence, what a Bolshevist might have done from design. Even now, when the war is over, most of them continue out of weakness the same malpractices. But further, the governments of Europe, being many of them at this moment reckless in their methods as well as weak, seek to direct on to a class known as "profiteers" the popular indignation against the more obvious consequences of their vicious methods.

-The Economic Consequences of the Peace by John Maynard Keynes

It reminds one eerily of the present day, doesn't it? After all, Obama has just formed a commission to investigate those wicked oil and gas "speculators", who are driving up energy costs for the working man.

I appreciate you providing the correct context. It doesn't make Keynes look quite so evil. Nonetheless, he knew what was going on and supported it anyway.

[WilliamC]

Another great interview, I think this campaign is going to be much stronger than in 2007!

[LibertyEagle]

That was a great interview. :)

[specsaregood]

Another great interview, I think this campaign is going to be much stronger than in 2007!

And for the n00bs on the forum --welcome But just FYI back in the 2007 we had to beg/plead/harass news outlets to get Dr. Paul a short, dismissive interview almost devoid of substance. My how things have changed.

[Matt Collins]

WOW! He was extremely sharp for early in the morning.He's an early morning kinda guy. It's when he does his exercise.

[Romulus]

He was on POINT! Notice how the last min or so when he tied in foreign policy with the wars there were NO interruptions - they were actually listening???!

Amazing, just amazing.

[FSP-Rebel]

Yeah, I can't believe all the face time Ron's gotten over the last few days, didn't think it was possible.

[Badger Paul]

That's why I support RP. Because it isn't about one issue. It's all inter-connected. After the Fed, the rest is just details.

[ValidusCustodiae]

He's like the Babe Ruth of true conservatism. Another homer for Ron.

[AtomiC]

He's catchin' on, I'm telling ya!

[KramerDSP]

That woman was absolutley in love with him.

[Michael Landon]

Like I said in a different thread, I'm really looking forward to the election this year.

- ML