Busted: Fox News Caught Faking CPAC Booing Reaction to Ron Paul Win

Congratulations. You have discovered that human beings can be correct about some matters, and completely wrong on other matters.

Jefferson was correct in that society should be free, but he was wrong on what said society should look like, partly due to the social background he was a part of. His ideal of small farmers and such is nothing like what America looks like today, nor would I want to live in that society as what Jefferson visualized pretty much was the pre-New Deal South.

Your personal belief means jack. The law and the Supreme Court says it doesn't, so it doesn't. If you love that Constitution so much, you shouldn't have any problem accepting the decisions the Court makes now, don't you?

Not to mention I don't see the legal justification at all. That section is dealing with the limits on the states. The federal government can do what it likes saying whether gold is money or not. If anything, it's one of those things that is explicitly mentioned they can do, so the Tenth Amendment card that I know Paulites play all the time won't work here.

 

where in this thread have i advocated for the gold standard? the closest i came to any kind of position on the matter was when i said "i think having our currency based on something tangible rather than the way it is now where the fed can print money out of thin air with nothing to back it up is not a bad idea."

to me, it seems like the entire fractional-reserve system is just one giant government-sanctioned ponzi scheme.

and not even paul is calling for a return to a pure gold standard - "I wouldn't exactly go back on the gold standard but I would legalize the constitution where gold and silver should and could be legal tender, which would restrain the Federal Government from spending and then turning that over to the Federal Reserve and letting the Federal Reserve print the money."
http://en.wikipedia.org/wiki/Political_positions_of_Ron_Paul

and i dont understand how you can say the u.s. doesnt have inflation today. the purchasing power of the dollar is going down, goods and services are more expensive. we have reports like this coming out...

http://www.usinflationcalculator.co...gher-consumer-prices-in-january-2011/1000848/

 

The VALUE of gold isn't tangible either. Gold is just a useless shiny rock. The fact that we choose to give that rock value is just as much tangible as the government decreeing that a piece of paper is tangible. If anything, people began using pieces of paper as symbols of value hundreds of years ago as it's a lot easier to haul around than rocks.

And this is the biggest reason I don't like Paul. Ever since he showed up, combined with the recent economic problems, and you have people falling for this woo that fractional-reserve banking is bad and a government scheme somehow.

To begin with, I would first ask why even have banks if fractional-reserve is such a bad thing. I'm fairly certain you don't stuff your money in your mattress, you stuff it in a bank. I mean, how can one support capitalism if you don't support the right of banks to make loans, which is pretty much the only way for businesses to start themselves ( and was how the merchants wrested society away from the corrupt and worthless nobles hundreds of years ago)?

Well, yes. The dollar is worth less than it was 50 or 100 years ago. People also earned less dollars 50 to 100 years ago and had a worse standard of living. So unless you want to go back to the early days, your point is invalid.

 

What is the relevance of this? Inflation is occurring because there is more worldwide demand for food and energy. No system of currency is going to change that. If there is more demand for stuff, it's going to cost more, whether you're using dollars, yen, gold, or any other currency system.

 

Please STFU. Obviously you don't understand any of Paul's positions. I obviously know how the gold standard works. But i'm not advocating that we should have one. Again you need to read. Giving the fed, which is an private bank btw, allows a few of the elite bankers the control of the whole money supply. Thanks for confirming the fact that we still have idiots that cant open their eyes.

 

Yet. people have found gold an indicator of wealth for THOUSANDS of years. If you were to give me a decision between a gold coin worth a 1000 dollars or 10 100 bills. Obviously someone with sense would pick the gold.

He did not just "showed" up. He has been an fighting the fed since he was first elected in the 70's. He was right back then and he was right when he predicted the mortgage bubble this decade.

Banks can still make money without fractional banking.

It's not just that. Government has an secret tax on us many people don't know. Inflation. Inflation hurts savings. I for one would want my money earned 10 years ago still hold the same purchasing power in the present.

 

The alternative is having people like Bachmann and Paul ( or Obama when he was a Senator, if I really want to terrify you) in control of the money supply. That's a thousand times worse, and is the policy of third world countries.

 

Don't you know there's no gold in Fort Knox? Ron Paul said we sold it off.

We'll be at the mercy of China, South Africa and other gold producers if we go back to the gold standard now.

 

A complete moron would pick the gold coin. While you put a gold coin on a table and let it collect dust for the next ten years, I'll take those 100 dollar bills and use it to invest in stuff, or at minimum shove it in a bank and let it collect interest. Which, by the way, is something caused by fractional reserve.

He is correct in the sense that if you predict doom and gloom for 40 straight years, eventually there will be doom and gloom and you get to claim victory in that 40th year while ignoring the previous 39. It's like Beck screaming about inflation in 2008. And 2009. And 2010. And he'll probably do it this year too, even though the current rate of inflation last year was less than 2%, and was actually negative the year before.

How? Can't make loans without fractional reserve, which makes that wonderful capitalist stuff that Paul espouses so much completely collapses immediately.

If you stuff your money in a mattress, then yes those dollars will have less value 10 years from now than they will when you first stuff them in a mattresses. That's why people don't stuff their money in mattresses, they stuff in a bank and collect interest there. And a small amount of inflation is much, much preferable to deflation, which caused the great depression and is the main reason why the country of my parents has been in a mess for the last 20 years.

 

What system would you propose that would eliminate inflation? How do you propose to make food not cost more when there is more demand for it?

 

Baby, you're a rich man,
baby you're a rich man,
baby you're a rich man, now...

 

Communism.

 

It's just so damn sad to see some of you support our current currency system, the federal reserve, and our foreign policy. Can't you see how ****TY and fake it all is?

 

wealth is created when someone takes a raw material and turns it into a product. the dollar represents that wealth. its not a consparicy. gold is a finite resource, it cannot keep up with the wealth creation in the world. god ain't making more of it

 

No kidding. Obviously, we need to go back to the barter system. That stuff keeps it real. You keep the middleman(money) out of it, and people can't scam you. Rather than paying McDonalds in this fake money stuff, you just tell them that your that 20 minutes of your work at the office is worth exactly the big mac combo you're getting.

 

No no no, you have it all wrong! We should rely solely on printing paper. Giving something with virtually no value (due to it's essentially infinite quantity) a fake artificial value. Then, behind closed doors, we should have a private bank run by former CEOs of big companies be able to print, print, print this money w/o being held accountable. They should also have the power to set interest rates and prices to crazy, unsustainable lows that are too good to be true. That way, we can spend trillions on our empire-building and un-affordable social programs and still be trillions in debt.

See what I did there?

 

This is better than money, it's an IOU...

 

..........
Even when I was one, I never figured out why Paultards are so freaking obsessed with inflation. Especially since inflation has not been above 4 % any year for the last ten years ( and possibly longer, but I don't have the data) and the generally accepted rate of hyperinflation is 50% A MONTH. The Fed is not printing out money like no tomorrow, there was actually deflation.

And as I have observed, either you have people who have worked with money figuring out the rates...... or you have Michelle Bachmann doing it. If the latter ever occurs, I'm going back to Japan.

 

Ironically Japan is probably where we'd head of Ron Paulites ran fiscal and monetary policy. Absurd focus on inflation and a rollback of the ability of banks to lend would encourage businesses to stop taking loans for capital projects and to just sit on their money. (which is exactly what happened in Japan) And no amount of easy money monetary policy (Japan basically has interest rates of 0) or government spending can solve that.

The scariest thing about Ron Paul is that economics is about attitudes when you breed a fear of inflation you do the opposite. You create the conditions for a deflationary environment which is a spiral that simply is impossible to recover from. Japan has been in a constant deflationary spiral for 2 decades now and counting. Living standards are literally going backwards now, businesses and consumers dont spend, and people just sit on their money and twiddle their thumbs.

Inflation is not the end of the world and a healthy level of inflation is good for an economy. Yet in this country every bozo somehow considers themselves an economic genius. I'm a novice of economics at best but at least I'll admit as much unlike the diehard Ron Paulites who are convinced they understand the macroeconomy better than any mainstream economist.

 

Sure you can. Loan sharks don't have fractional reserves. They still make money off of interest. They just can't create money out of thin air like a fractional reserve bank can.