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Tuck
11-08-2007, 11:24 AM
Anyone watching CNBC? Rick Santelli just said all the traders in the pits cheered when Ron Paul was talking about inflation, somebody has to youtube it!

[Admin Edit: Added Video Link - Thanks for the find Mike Mitrosky]


Here is the video...

http://www.cnbc.com/id/21688194#

Click on the video labeled "bernanke on demand" It is in the bottom right hand sidebar

shepburn
11-08-2007, 11:25 AM
wow are you serious?!?

That is amazing!!

UtahApocalypse
11-08-2007, 11:26 AM
oh wow

BIG_J
11-08-2007, 11:26 AM
That. Is. Awesome.

Ron Paul Fan
11-08-2007, 11:26 AM
How was Ron Paul's performance today? I hope someone youtubed it.

rp08rp
11-08-2007, 11:26 AM
classic

MsDoodahs
11-08-2007, 11:26 AM
Yes Yes Yes I Saw It

Rick Santelli Told The Truth And Steve Liesman Freaked Out!

Hurricane Bruiser
11-08-2007, 11:27 AM
Oh I would LOVE to see video of that.

MsDoodahs
11-08-2007, 11:27 AM
OMG I cannot BELIEVE that just happened.

Holy Cow.

DisabledVet
11-08-2007, 11:28 AM
Traders in the pits cheering for Ron Paul...!!!

I would hope so....those are the front line troops of our economy if anyone know anything about the economy they do.

Who says Ron wont catch on....

ladyliberty
11-08-2007, 11:28 AM
Me too I missed it - you mean Wall Street is listening to Ron Paul economics?!?! Awesome!

Tuck
11-08-2007, 11:29 AM
I really hope somebody managed to record that, it would be a perfect follow up to Ron Paul owning Bernanke, SOOOO much money is traded in the pits which is where all the action is and their opinion is really the only one that matters.

maxmerkel
11-08-2007, 11:30 AM
unbelievable ! i see money coming our way ;)

A Ron Paul Rebel
11-08-2007, 11:32 AM
youtube PLEASE!!!!!!

dspectre
11-08-2007, 11:33 AM
Me too I missed it - you mean Wall Street is listening to Ron Paul economics?!?! Awesome!


There are different camps on Wall Street just like anywhere in the world. The big Bank guys want the status quo(cheap credit), but the commodity guys usually subscribe to the way RP thinks.

Tim724
11-08-2007, 11:33 AM
I heard it on satellite radio...

Steve Liesman rebutted that "Ron Paul's economics leave alot to be desired".

He then went into CNBC fed-apoligist mode saying how if retired people are spending their money within the US, they aren't being negatively impacted by the declining dollar.

Grandson of Liberty
11-08-2007, 11:33 AM
awesome. . .can you imagine if the traders and brokers got on the horn to all their clients and encouraged them to vote Ron Paul?!? awesome indeed.

steph3n
11-08-2007, 11:34 AM
I heard it on satellite radio...

Steve Liesman rebutted that "Ron Paul's economics leave alot to be desired".

He then went into CNBC fed-apoligist mode saying how if retired people are spending their money within the US, they aren't being negatively impacted by the declining dollar.

what a load, if the dollar doesn't buy as much IN the US then they are at a big loss!

dsentell
11-08-2007, 11:34 AM
youtube it or it didn't happen . . .

mfoley1
11-08-2007, 11:35 AM
wow! hope someone got that recorded.

MsDoodahs
11-08-2007, 11:36 AM
Old people on fixed income count on Walmart and the cheap chinese imports.

Want proof? Go to your local walmart the day they get their checks.

I'm literally SHAKING from what I just saw on CNBC.

Holy cow.

:D

drexhex
11-08-2007, 11:39 AM
I don't take credit for this youtube, "michaelwise" posted it in another thread:
http://www.youtube.com/watch?v=yAwvlDJgJbM

It's President Paul schooling Helicopter Ben today, but doesn't have the footage talked about in this thread.

maxmerkel
11-08-2007, 11:40 AM
we NEED a Wallstreet Ron Paul flyer !!!!!!!
and people distributing it in the morning and evening in front of wallstreet !!!

these points expressed in a more eloquent way should suffice :

* a sane monetary policy
* who should do this ? the fed ???? not the fed, but the marketplace !!
* how ? : competing currencies are allowed by government
* for example one backed by gold
* this would force the fed, by marketplace competition, to either phase out of existance or to adopt a sane monetary policy and prevent them doing their usual boom/bust cycles no one can predict but them.

i think this would be great !

noxagol
11-08-2007, 11:44 AM
Old people on fixed income count on Walmart and the cheap chinese imports.

Want proof? Go to your local walmart the day they get their checks.

I'm literally SHAKING from what I just saw on CNBC.

Holy cow.

:D

Yeah, I work at wal-mart, there are a great many elderly customers.

rajibo
11-08-2007, 11:48 AM
Economics makes me dizzy.:confused:

noxagol
11-08-2007, 11:49 AM
Economics makes me dizzy.:confused:

That's because they make it that way. It is really easy overall I think, but when you start to get into specifics they start using really crazy shit.

mport1
11-08-2007, 11:50 AM
YouTube of Santelli thing?

LibertyEagle
11-08-2007, 11:50 AM
OMG I cannot BELIEVE that just happened.

Holy Cow.

I'm shocked. :eek: I figured they'd be for propping up Wall Street by printing money out of thin air. Even if it totally destroyed our dollar.

JAHOGS
11-08-2007, 11:51 AM
That's because they make it that way. It is really easy overall I think, but when you start to get into specifics they start using really crazy shit.

Any books out there you would recommend someone to read on economics?

Patrick Henry
11-08-2007, 11:52 AM
Yes Yes Yes I Saw It

Rick Santelli Told The Truth And Steve Liesman Freaked Out!

Liesman is a Democrat shill.

mport1
11-08-2007, 11:52 AM
Any books out there you would recommend someone to read on economics?

Basic Economics by Thomas Sowell. It should be your first stop.

LibertyEagle
11-08-2007, 11:52 AM
I heard it on satellite radio...

Steve Liesman rebutted that "Ron Paul's economics leave alot to be desired".

He then went into CNBC fed-apoligist mode saying how if retired people are spending their money within the US, they aren't being negatively impacted by the declining dollar.

Yeah, but did you notice that Bernanke said that it WOULD hurt us if we spent our money on products not made in America (or something like that). WHAT EXACTLY do we still make in America anyway?

Highmesa
11-08-2007, 11:54 AM
Any books out there you would recommend someone to read on economics?


Start here and it's free:
http://www.mises.org/books/onelesson.pdf

Cindy
11-08-2007, 11:55 AM
Economics makes me dizzy.:confused:

Don't give up on working to understand it. It will "click" and a whole new world of understanding the game will open up for you. It's worth it to research terms ask questions and understand the ropes.

They really should do a better job of covering it in depth in Highschool.

In Pauls video to a group of homeschoolers, he said the one disadvanatge he felt he had going to public schools was how much he had to RELEARN, about what he was taught about the Constitution and then, Economics.

Ron Paul Fan
11-08-2007, 12:01 PM
That's because they make it that way. It is really easy overall I think, but when you start to get into specifics they start using really crazy shit.

So does the CPI they're talking about measure all consumer goods and services? Things like milk and eggs prices are going way up, but technological goods like computers and cell phone prices go down. I just wanna know how they can say inflation is 2% when prices for some goods continue to rise. Is it because Bernake is full of it? And why would they include technological goods when the advances in that market occurs so quickly? Wouldn't a better measure of inflation be the increase in money supply that they don't publish any longer? Thanks for anybody that can help, I'm just trying to understand all of this a little bit more.

jd603
11-08-2007, 12:01 PM
Yeah that youtube video is not of what was discussed, even if it was great! hheh

freelance
11-08-2007, 12:05 PM
So does the CPI they're talking about measure all consumer goods and services?

No, it leaves out food and energy, and the rest of the stuff in the "basket" changes to make it appear lower. Whatever's "on sale" goes on the list. Whatever's skyrocketing, well you get the picture...

frasu
11-08-2007, 12:07 PM
bump for http://www.pbs.org/mediashift/files/YouTube%20logo.JPG

BIG_J
11-08-2007, 12:07 PM
No CPI does not include housing, oil and Milk.

ronpaulyourmom
11-08-2007, 12:07 PM
man I wished I saw this, I love santelli

Ron Paul Fan
11-08-2007, 12:08 PM
No, it leaves out food and energy, and the rest of the stuff in the "basket" changes to make it appear lower. Whatever's "on sale" goes on the list. Whatever's skyrocketing, well you get the picture...

Ok, I get it now. So it's a misrepresentation of what's really happening. Thank you.

maxmerkel
11-08-2007, 12:09 PM
could anyone who understands paul's position on economics comment on this thread ? http://www.ronpaulforums.com/showthread.php?t=34068

i think a ron paul flyer for wallstreeet would be good idea...

nullvalu
11-08-2007, 12:11 PM
bump for http://www.pbs.org/mediashift/files/YouTube%20logo.JPG

Seconded!

Johnnybags
11-08-2007, 12:12 PM
overspending congress, these guys just beg,borrow and steal to stay in power, unfortunately or fortunately the souring recession is in our favor, the rest look like idiots promising the world for free. Bond investors do not even maintain buying power anymore due to inflation and the FED artificially keeps rates low. ITS the economy stupid, the more they lie about inflation and jobs numbers the more pissed people get.

entropy
11-08-2007, 12:17 PM
bump for http://www.pbs.org/mediashift/files/YouTube%20logo.JPG

I would like to see this as well. Pretty please with whipped cream and a cherry on top:D

mport1
11-08-2007, 12:18 PM
No, it leaves out food and energy, and the rest of the stuff in the "basket" changes to make it appear lower. Whatever's "on sale" goes on the list. Whatever's skyrocketing, well you get the picture...

Yeah, the basket of goods changes to more common consumer purchases. Guess what more consumers purchase, less expensive goods. The thing is skewed because some goods that don't have prices that are rising substantially end up in the CPI.

hard@work
11-08-2007, 12:26 PM
In the pit!??!? IN THE PIT?!?!?!

WOW

brumans
11-08-2007, 12:27 PM
In the pit!??!? IN THE PIT?!?!?!

WOW

Huh?

murrayrothbard
11-08-2007, 12:28 PM
Yeah, the basket of goods changes to more common consumer purchases. Guess what more consumers purchase, less expensive goods. The thing is skewed because some goods that don't have prices that are rising substantially end up in the CPI.

Lol, yeah except it leaves out all the REAL common things like food, gas, housing.

MsDoodahs
11-08-2007, 12:28 PM
In the pit!??!? IN THE PIT?!?!?!

WOW

Yes, baby, in the pit!

WWWWWOOOOOOOOOTTTTTTTT!!!!!

brumans
11-08-2007, 12:30 PM
Yes, baby, in the pit!

WWWWWOOOOOOOOOTTTTTTTT!!!!!

Excuse me?

conner_condor
11-08-2007, 12:30 PM
Who said, If the people knew about how the banking system work,they would revolt tomorro?
I know it was said,but not sure who said that quote..

MsDoodahs
11-08-2007, 12:31 PM
Excuse me?

:o

I wasn't being off color, I hope it didn't come across that way.

MsDoodahs
11-08-2007, 12:33 PM
Who said, If the people knew about how the banking system work,they would revolt tomorro?
I know it was said,but not sure who said that quote..

Henry Ford.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

dspectre
11-08-2007, 12:35 PM
Who said, If the people knew about how the banking system work,they would revolt tomorro?
I know it was said,but not sure who said that quote..

It's a pretty popular one by Henry Ford that I liked.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Henry Ford

http://www.brainyquote.com/quotes/authors/h/henry_ford.html

conner_condor
11-08-2007, 12:35 PM
Henry Ford.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."


Thank you...:) And it is coming true....

hard@work
11-08-2007, 12:37 PM
Excuse me?

The exchange pit. The fact that he got cheers there is devastating to the political opponents of Dr. Paul. Absolutely devastating news!!!!


http://d.yimg.com/us.yimg.com/p/nm/20070326/2007_03_25t193722_450x365_uk_reuters_fxmarketspace .jpg

torchbearer
11-08-2007, 12:37 PM
How was Ron Paul's performance today? I hope someone youtubed it.

http://www.youtube.com/watch?v=yAwvlDJgJbM

Adamsa
11-08-2007, 12:37 PM
Ron Paul - man of the people. :D

bmovers
11-08-2007, 12:37 PM
Any books out there you would recommend someone to read on economics?

The Creature from Jekyll Island : A Second Look at the Federal Reserve
http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986212/ref=pd_bbs_sr_2/103-9585277-2774215?ie=UTF8&s=books&qid=1194545815&sr=1-2

Part of a review:
"I will tell you plainly that regardless of what you think you know about the political spectrum, Democrats and Republicans, liberals and conservatives, civil rights and corporate greed, socialism and capitalism -- regardless of how well informed you may think you are by reading mainstream news magazines and newspapers, listening to NPR and talk radio programs and watching political debates on nightly news TV shows -- until you have read and digested G. Edward Griffin's, 'THE CREATURE FROM JEKYLL ISLAND', you will never really understand contemporary American and global politics. But afterwards, the political puzzle will come together before your eyes, and never again will you follow the red herring into the brainwashing house of mirrors which is our current political milieu.

If you're inclined to read only one political book, be sure it's this one, as it will make sense of your world like nothing else. 'THE CREATURE FROM JEKYLL ISLAND' belongs in the personal library of every American who truly cares about his or her country (regardless of political party affiliation); by rousing the people of this nation from the ignorance of deep sleep, it has the potential to be the silver bullet or the stake through the heart of America's worst monster!"

torchbearer
11-08-2007, 12:40 PM
I'm shocked. :eek: I figured they'd be for propping up Wall Street by printing money out of thin air. Even if it totally destroyed our dollar.

I think I'm correct in saying that the guys in those pits are trading in federal reserve notes, if it loses its value, their investment loses value too.

Nate K
11-08-2007, 12:41 PM
That is good, Ron Paul needs more mention on CNBC, if that were to happen you can bet our donations would blossom even more.

Energy
11-08-2007, 12:41 PM
Any books out there you would recommend someone to read on economics?

This is a good story "I Want The Earth Plus 5%"

http://www.gold-eagle.com/editorials_99/hannigan092099.html


.

Chester Copperpot
11-08-2007, 12:42 PM
Youtube?

torchbearer
11-08-2007, 12:43 PM
Yeah, but did you notice that Bernanke said that it WOULD hurt us if we spent our money on products not made in America (or something like that). WHAT EXACTLY do we still make in America anyway?

You are correct and Ron Paul missed an op. there to nail Ben some more... We have a huge trade deficit and a crashing dollar... the majority of everything we spend our federal reserve notes on is imported. And what isn't imported is effected by other imports like fuel and other energy, so all prices in our economy are tied heavily to imports which makes us vulnerable to a devalued dollar.

hard@work
11-08-2007, 12:44 PM
I hope a video of the pit cheering comes out.

conner_condor
11-08-2007, 12:45 PM
I was watching the news last night and this one yahoo said, They are destroying the dollar to make a smaller govt.. LOL I am serious that yahoo said that.. That is the republicans plan to a smaller govt...

bambbrose
11-08-2007, 12:46 PM
lol.
Anybody catch this? I want to see it

TopJimmy
11-08-2007, 12:47 PM
CPI is heavily manipulated to hide inflation. Economist John Williams says CPI is over 10%.

I don't have a subscription to his "Shadow Government Statistics" website, but I know people... ;)

http://www.shadowstats.com

Chester Copperpot
11-08-2007, 12:52 PM
Here is the video...

http://www.cnbc.com/id/21688194#

click on the right "bernanke on demand" thats the video

Brinck Slattery
11-08-2007, 01:05 PM
Woot! Sent this to Lew Rockwell.

drexhex
11-08-2007, 01:09 PM
Here is the video...

http://www.cnbc.com/id/21688194#

click on the right "bernanke on demand" thats the video



Hilarious!

ronpaulyourmom
11-08-2007, 01:10 PM
Here is the video...

http://www.cnbc.com/id/21688194#

click on the right "bernanke on demand" thats the video

Thank you so much, that video was awesome.

Man I just turned on CNBC for the first time in a long time, and I totally forgot about that Rebecca Quick girl. In a rare moment of juvenile exuberance, I must say, that girl is fine.

A Ron Paul Rebel
11-08-2007, 01:11 PM
Here is the video...

http://www.cnbc.com/id/21688194#

click on the right "bernanke on demand" thats the video

Sweet!!!

werdd
11-08-2007, 01:13 PM
http://www.youtube.com/watch?v=eBGIQ7ZuuiU i converted it over to youtube

ronpaulyourmom
11-08-2007, 01:14 PM
youtube or didnt happen

Do it yourself.

maxmerkel
11-08-2007, 01:20 PM
http://www.youtube.com/watch?v=eBGIQ7ZuuiU i converted it over to youtube

do i have a brain ??? it's not THAT difficult to remember not to click on anything that has "eBG" in its url !! aaaaaaaaaahhh

hard@work
11-08-2007, 01:20 PM
http://www.youtube.com/watch?v=eBGIQ7ZuuiU i converted it over to youtube

fail.

tfelice
11-08-2007, 01:27 PM
Santelli and the other guy (forget his name) butt heads all the time.

torchbearer
11-08-2007, 01:38 PM
You are correct and Ron Paul missed an op. there to nail Ben some more... We have a huge trade deficit and a crashing dollar... the majority of everything we spend our federal reserve notes on is imported. And what isn't imported is effected by other imports like fuel and other energy, so all prices in our economy are tied heavily to imports which makes us vulnerable to a devalued dollar.


Bump because this quote hits the nail on the head...even if I do say so myself... and yes, I did.

tonyr1988
11-08-2007, 01:50 PM
Could anyone convert this to YouTube? For some reason, it's not playing on my computer. hmmm.....

Shink
11-08-2007, 01:55 PM
Could anyone convert this to YouTube? For some reason, it's not playing on my computer. hmmm.....

Seconded.

PredatorOC
11-08-2007, 02:00 PM
Any books out there you would recommend someone to read on economics?

Economics in One Lesson by Henry Hazlitt is a good starter book.

Economics for Real People by Gene Callahan is also good.

Both can be acquired from Mises.org with enough Monopoly money. :D

rp4prez
11-08-2007, 02:00 PM
ooh. :)

freedominnumbers
11-08-2007, 02:05 PM
I have been telling everyone I know to get out of the Dollar and US Assets. Bernanke reaffirmed the importance of this today.

If you can't admit there is a problem then you can't fix it.

Chase
11-08-2007, 02:18 PM
Could anyone convert this to YouTube? For some reason, it's not playing on my computer. hmmm.....

thirded

Grandson of Liberty
11-08-2007, 02:25 PM
fourthed

hard@work
11-08-2007, 02:31 PM
If there was ever something worthy of a digg this is it ...

stevedasbach
11-08-2007, 02:34 PM
I was watching the news last night and this one yahoo said, They are destroying the dollar to make a smaller govt.. LOL I am serious that yahoo said that.. That is the republicans plan to a smaller govt...

This was a Democrat stating his opinion of what the Republicans were doing. It was a pretty stupid comment.

recess
11-08-2007, 02:36 PM
Economics in One Lesson by Henry Hazlitt is a good starter book.

Economics for Real People by Gene Callahan is also good.

Both can be acquired from Mises.org with enough Monopoly money. :D

I second this. These are both great starter econ books. You can let people read them with zero economics background and they will be able to understand quite a bit of how the world works.
Also for those interested in how money and Federal Reserve works.
Check out these titles.


What Has Government Done to Our Money?/Case for a 100 Percent Gold Dollar
By Murray Rothbard

The Case against the Fed
By Murray Rothbard

Both are fairly small and Rothbard writes with such clarity for the beginner.

hvac ak47
11-08-2007, 03:11 PM
i dont see the video, did thy remove it?

jd603
11-08-2007, 03:13 PM
I've got it uploading now... one sec..

Edit: http://www.youtube.com/watch?v=WvirM1goFq4

randolphus maximus
11-08-2007, 03:14 PM
Anyone watching CNBC? Rick Santelli just said all the traders in the pits cheered when Ron Paul was talking about inflation, somebody has to youtube it!

[Admin Edit: Added Video Link - Thanks for the find Mike Mitrosky]



Click on the vid titled Fed Task Force

Hurricane Bruiser
11-08-2007, 03:24 PM
That video keeps shutting down IE for some reason. Also FireFox

Patrick Henry
11-08-2007, 03:28 PM
placemark for later viewing

Falseflagop
11-08-2007, 03:54 PM
Santelli is the man the only truth speaker on CNBS!! LIEsman is a joke he is tool as he clearly should by his response!!! TOOOOOOOOOOOOOOLLLLLLLLLLLLLLLL!!

Way to go RON and Way to go Traders in Chicago pits they know the deal!

ChooseLiberty
11-08-2007, 04:04 PM
The guys on the exchange floors are the only source of reality on CNBC.

Everything else is crap.

jd603
11-08-2007, 04:14 PM
http://www.youtube.com/watch?v=WvirM1goFq4

wfd40
11-08-2007, 04:14 PM
Could anyone convert this to YouTube? For some reason, it's not playing on my computer. hmmm.....

same here..

::puts on tin foil hat::

I wonder why that would be...

Ozwest
11-08-2007, 04:17 PM
http://www.youtube.com/v/WvirM1goFq4

Video no longer available.

jd603
11-08-2007, 04:18 PM
Video no longer available.

wrong, it's encoding, give it 3 minutes. :)
Edit: ok it's there. http://www.youtube.com/watch?v=WvirM1goFq4

Ozwest
11-08-2007, 04:19 PM
wrong, it's encoding, give it 3 minutes. :)
Edit: ok it's there. http://www.youtube.com/watch?v=WvirM1goFq4

Thanks!

ChooseLiberty
11-08-2007, 04:22 PM
WOW. Liesman apparently has no idea how markets and interest rates work.

Santelli was talking facts and Leisman tried to contradict him. What a complete shill/*sshole Leisman is. He's either lying thru his teeth or he's an idiot. Of course none of the CNBC people know enough to figure out which one is obviously correct.

Unbelievable.

Danny Molina
11-08-2007, 04:36 PM
Oh I would LOVE to see video of that.

Click on the link in the first post then scroll down and on the bottom right click the play button.

Smiley Gladhands
11-08-2007, 04:47 PM
I can totally picture Rick Santelli saying it too. He's a breath of fresh air sometimes on CNBC....he'll point out the negative effects of interest rate decreases, and keep bringing up inflation while everyone else is wetting themselves over an interest rate cut.

TopJimmy
11-08-2007, 05:06 PM
Rick Santelli... me likes.

Steve Liesman... WTF!

Did I hear him say today that the sinking dollar would have zero impact on people who depend on Social Security? I think so... damn! I guess he thinks that..... aw hell, I have no idea what bounces around inside that empty head of his. :confused:

JoshLowry
11-08-2007, 05:45 PM
bump

hard@work
11-08-2007, 05:50 PM
Any word on any story documenting the "roar for Ron Paul" heard on the exchange floor?


MAN - I wish I owned a Blog right now ... and while I'm at it I'm praying someone gets a video of it ...

spiteface
11-08-2007, 05:53 PM
For a starter "Economics in One Lesson" by Henry Hazlitt is a classic. "Economics for Real People" by Gene Callahan is also good for many of the things RP talks about I think.


Any books out there you would recommend someone to read on economics?

Pedro TT
11-08-2007, 06:33 PM
in for later