www.RonPaul.com – 06 Why Big Government Hates Gold by Ron Paul This past week several emerging and ongoing crises took attention away from the ongoing sovereign debt problems in Greece. The bailouts are merely kicking the can down the road and making things worse for taxpaying citizens here and abroad. Greece is unfortunately not unique in its irresponsible spending habits. Greek-style debt explosions are quickly spreading to other nations one by one and yes, the United Stated is one of the dominoes on down the line. Time and again it has been proven that the Keynesian system of big government and fiat paper money are abject failures in the long run. However, the nature of government is to ignore reality when there is an avenue that allows growth in power and control. Thus, most politicians and economists will ignore the long-term damage of Keynesianism in the early stage of a bubble when there is the illusion of prosperity, suggesting that the basic laws of economics have been repealed. In fact, one way to tell that a bubble is about to burst is if economists start talking about how the government and the central banks have repealed the business cycle. The truth is, the laws of economics are constant and real, no matter how inconvenient they might be to politicians and bankers. This reality is setting in and the bills are coming due. In the meantime, countries that have no money have bailed out other countries that have no money except for the phony money created by …
@j1a2r34
The Federal Government exists solely to provide a means to rally an army, and protect free trade. between the states. taxes are necessary! we dont need the IRS or the Fed or the income tax. but we would still need a large chunk for infrastructure (hence concrete as my example) so to say all taxes are “stolen” is blatantly idiodic. yes, the income tax is a sham. but we still need taxation, a flat/fair tax is a much better system. But tax efficiency is not what the irs wants
@j1a2r34 actually ive had multiple professors who were very vocal in class about the problems with our govt’s interpretation of Keynes. All im trying to say is that our govt is to blame, not keynes. They tell the people, “its the keynsian aggregate expenditure model, it works flawlessly” when in actuality, they’re picking and choosing what they are borrowing from this model, and calling it keynes. so naturally as their model fails, everyone blames keynes, not the govt
this guy is a phony. if you look at his past he comes across as a nut job.
Thank You Ron Paul for discussing why people flight to safety buying gold is unpalatable for USA government officials. Honestly, my thoughts was if Bernie Madoff got sent to jail on charged of “UNFUNDED MANDATES” rather than “Ponzi Scam” it may have sent a better message. Using debt instruments to seek fresh blood to roll unfunded mandates called entitlements sure look, smell and walk like a PONZI SCAM! Investors flight to gold as save harbor prevent USA government from rolling the scam.
@bedtime4bonzo I’m have nothing against capitalism per se but I avoid saying that its the ideal society because things have changed throughout history. The ideal society wouldn’t allow 1 billion to starve every year. The ideal society wouldn’t go to war or ignore its citizens health problems. Obviously the ideal society is difficult to achieve but their are flaws with capitalism that ppl ignore. The notion of consuming was reinforced by psychologists for corps in the early 1900s.
@Keranofkri Shhhhh. Your comments are giving your right wing know-it-alls a bad name.
@Keranofkri I did not see it but I would guess these people had sub prime mortgages, houses they couldn’t afford, lack of good education, maybe on drugs, or mentally ill like you may be. See a doctor quickly is my advise to you.
MY BIRTHDAY WAS ON THE 7TH!
@nineinchnail6794 my birth day was on the 5th!
Paul/Paul 2012 !!!
Hey nut job jr. DO YOU HAVE A BETTER IDEA???? Let me guess more BIG GOVERNMENT. Silver is a better investment over gold , gold has a limited amount while silver has an unlimited amount…..=-)
@jcwhite1288
Whether we need taxation or not, it represents money being taken by force. Money taken by force is theft. If only the federal government respected it’s constitutional limits and as you say, states were responsible for infrastructure we would then at least have the option of voting with our feet and moving to states where private property rights and freedom exists for the market to evaluate the need for infrastructure.
@jcwhite1288
If Keynes theories had only been tried by one, or two or ten different governments full of so-called experts and if any of them had succeeded in maintaining economic stability, you might have a point. But it hasn’t, it doesn’t and you don’t. The problem isn’t Keynes specifically, it’s the attempt to centrally control a nations economy using any methodology. Mercantilism, Socialism, Corporatism, Fabianism… all fail for the same reason.
Gold just like Paper Money is a Jew Banker Scam, You can’t eat Gold. Invest in good soil to grow your own food, a well for non-poisoned water, chickens and pigs for meat, and learn a skill or trade to provide for your family. America is purposefully being DESTROYED by Jew Bankers and all JEWS support their agenda. Prepare or Die, its not rocket science.
@CodexAlimentarius1 You are a real piece of shit. Gold has value because it has a relatively constant supply and intrinsic value.
@addiktion13 Oh ya, i forgot how good Mao’s ideal society worked.
@stater68 Nothing I’ve referred to indicates that I’m for Mao’s ideal society. I’d recommend you become more educate in the topics rather than try and assume that I’m for communism, socialism, etc simply because I recognize the flaws of capitalism.
@CodexAlimentarius1 I agree with you…Although I’m vegetarian..of course we don’t need any meat, wich makes life easier…..People will not agree with you because they are not honest and they want to keep sucking from the system….until there is nothing left….
@lizardgizard2002 My dr. is Ron Paul and it’s all I need ty. You are soooo sad logging on to a Ron Paul vid and spreading your shit. People laugh at Ron back then and you can do it now but it does not make him wrong does it now. Everything he predict came true.
@Keranofkri Correct me if I am wrong. Ron Paul’s predictions were meant initially for the 1980′s. They didn’t come true then so he regurgitated the same wrong predictions for the 20XX’s. Do you not notice as the sane of us do that most of his predictions that come true are already obvious when he makes them? He was certainly way off when he attempted to become president. What did he get 6% of Republican voteing? Paul is wrong about history, economics and political realities.
Correct me if I am wrong. Ron Paul’s predictions were meant initially for the 1980′s. They didn’t come true then so he regurgitated the same wrong predictions for the 20XX’s. Do you not notice as the sane of us do that most of his predictions that come true are already obvious when he makes them? He was certainly way off when he attempted to become president. What did he get 6% of Republican voteing? Paul is wrong about history, economics and political realities.
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ALAN KEYES 2012!!!! True change, true hope, true “first” FULL black President!
Screw that globalist, elitist, moderate, liberal, co-conspirator, war criminal, nut job Bush! Obama is boring…& maybe dangerous himself.
@lizardgizard2002 You are wrong. He was predicting the housing collapse in as early as 01, 02, 03. Same with peter schiff. Absolutely no one was aware this early except the austrians, not even late as 2006. Remember the blathering socialist sanders saying that the only thing that was wrong, was that people were worrying that something was wrong? And that Fannie and Freddie were sound?
@lizardgizard2002 You are wrong. Globalism, Fascism under Obama has not improved things, only made it worse because he did NOT do what he said he would do. Obama is a Puppet president with George Soros’ hand up his ass. Look at the Tea parties. Look at the Polls. Either you wake up to whats REALLY going on and help get us back on track to where we need to be as a nation, Free and Independent, or your going to end up homeless on the continent that our forefathers conquered.
Correct, clear thinking. The simple truth. Ron Paul has never strayed from it.May God bless Ron Paul.