Ron Paul's 4.2 Million in one day

[iplaw]

quote:Originally posted by altruismsuffers

My first question:  Did any of you even watch the video?  My second question: Inflation up 20% annually is not through the roof?

No one watches your videos because they are full of distortions and ouright lies.

[brunoflipper]

i gotta admit it, they guy has some radical (borberline nutty) ideas but i really like him... ****, nothing else weve been doing for 50 years has worked... our foreign policy sucks, and the dollar has lost all it's value... we're a debtor nation and unless someone stops the bleeding, soon, we'll all be broke... we cant pay for what weve promised and we borrow more every ****ing day...

i'd never thought i'd vote for a republican but i cant help it plus he is really just a libertarian, a hold-over jeffersonian federalist... the neocons hate him because he is potentially a spoiler... i can live with that because i think giuliani is an idiot...

his get the hell outta iraq now, let the states do what they want and fiscal responsibility planks (dump the irs, dump the fed, go back to the gold standard, limit foreign military presence) really appeal to me... ive just gotten to the point where this sounds like it might work... stop trying to legislate all the social bull**** (that ive felt so strongly about) and just try and straighten it out from the top down... hell, its worth a try...

i honestly believe he might be the only person in the race who is not shill... and that is why everyone is so afraid of him...

[rwarn17588]

<alt asked:

My second question: Inflation up 20% annually is not through the roof?

<end clip>

No.

Especially when inflation is at low single-digits already.

But, as usual, your numbers are wrong. Current inflation in 2007 is 3.54 percent. Inflation in 2006 was 3.24 percent. That's a rise of less than 10 percent.

[altruismsuffers]

Thank you Bruno flipper, someone who actually puts out some talking points for a discussion.  I agree with you I never thought I would vote republican either.  And RWARN I made a mistake.  He said a 20% increase in the money supply not the inflation rate.

[altruismsuffers]

quote:Originally posted by iplaw

quote:Originally posted by altruismsuffers

My first question:  Did any of you even watch the video?  My second question: Inflation up 20% annually is not through the roof?

No one watches your videos because they are full of distortions and ouright lies.

Yes a video of the Joint Economic Committee and the Federal Reserve Chairman is full of distortions and outright lies.  What are you some kinda "CONSPIRACY THEORIST"?

[iplaw]

quote:Originally posted by altruismsuffers

quote:Originally posted by iplaw

quote:Originally posted by altruismsuffers

My first question:  Did any of you even watch the video?  My second question: Inflation up 20% annually is not through the roof?

No one watches your videos because they are full of distortions and ouright lies.

Yes a video of the Joint Economic Committee and the Federal Reserve Chairman is full of distortions and outright lies.  What are you some kinda "CONSPIRACY THEORIST"?

Oh...because Ron Paul said it, it's true...do you even know what MZM is sniffer?

[swake]

I watched the video, and it scared the hell out of me. That anyone would think that this man should be president is disturbing. Bernanke explained that Paul was just plain incorrect on a 20% increase in the money supply due to fed policy.

We can start there, Alt. But that is just the beginning of Paul's idiocy on this topic and your complete lack of even a basic understanding of anything that was talked about.

First, to look at the value of the dollar as compared only to it's exchange rate is meaningless. Paul is not just wrong, he's confused and does not come off as even as very coherent with regard to the interaction of interest rates, money supply, the exchange rate and inflation.

I would argue that what we are seeing today with exchange rates is a correction on the dollar, and a needed one. Since WWII a lot of the worlds money supply has been tied too tightly to a very high dollar, we are seeing that change finally. A high dollar was a good thing to help rebuild the world economy after WWII, but as Europe and Asia rebuilt and regained a real level footing with the economy of the United States we started seeing these runaway trade deficits and those over time have been and are a very real and serious threat to our economy.

In fact, your original claim that inflation is too high is almost in conflict with what Paul is stating in his "question", he is arguing for higher standard interest rates outside of a too fast growing economy. Higher interest rates today in an already slowing economy could easily lead to "stagflation" as the cost of goods increase due to an increase in the cost of money.

Stagflation in the 1970s was due in no small part to a slow US economy and a massive trade deficit that got much larger very quickly with the OPEC oil embargo forcing massively higher interest rates, kind of what Paul is recommending happen now? I personally want no part of redoing the Carter Administration.  Paul is wanting to achieve a higher rate of return on interest baring accounts, but, he misses the idea that if those accounts were a dramatically more desirable investment vehicle due to higher interest rates and therefore more used, that in itself would create a larger money supply. If you don't understand the interaction of saving and the overall money supply please go back to high school. That is in fact what Bernanke is trying to tell him is happening right now as money is moving into more secure investment vehicles. Paul is apparently only smart enough to see one small piece of the money picture and that is the exchange rate.

In fact, one of the protecting factors to the US economy has been it's stability and overall low interest rates. That makes stocks and such in this country over time both safe and profitable. So, much of that money that we lose by importing so much has flowed back into this county in the form of foreign investment in US stocks and bonds. Paul wants to change the factors that make this country a good investment for foreign money.

A declining dollar is a good thing, the dollar has been too high for decades and it impacts our ability to compete with American goods in the world marketplace. It can be bad if it goes to far and too many commodities start to be traded on currencies other than the dollar, but for now it's a mostly good factor in the US economy unless you are purchasing big ticket items manufactured overseas or are traveling overseas. This is very evidenced by China's refusal to let it's currency be traded on the open market and instead has it tied to an exact dollar amount. The US government has been pressuring China to get off the dollar standard for a long time now.

[Conan71]

Swake, you just don't get it, do you?  Never let facts get in the way of a good conspiracy theory!