Bernanke Stumped by Representative Ron Paul

Minyanville ^ | 9/20/2007 | Scott Reamer

[capitalist229]

There would be good news for all the gold speculators however, because investors would be moving to precious metals for sure.

Untrue.

If Ron Paul were in charge his first act would be to stabilize the currency by raising interest rates.

That would be bad for gold, but that's the whole point.

Stop devaluing the dollar and there will be no need for gold except to back the dollar.

BUMP

[perez24]

No disrespect, but can the President actually raise interest rates?

[ejonesie22]

Riiight....

[Always Right]

Do you realize countries that backed their currency in dollars were the countries that suffered the worst and the longest during the Great Depression?

[ejonesie22]

First to your senario: Yikes...

Second very true, they do play like it’s 1901. Those nuke thingys are just fiction.

[Raycpa]

How do you constantly choose Wall Street over the rest of America?

What an asinine question.

And talk about class warfare. Wall Street is simply a place where "the rest of America" invests their funds and demands a return on their investment for their risk in doing so.

If someone is "stumped" by this guys questions it would be because he strings so many false associations together in one query.

[mkjessup]

Wow! I had no idea that the amazing Kreskin was a FReeper.

It doesn't take a Kreskin to realize that a Ron Paul Presidency would bring nothing but chaos to America on so many levels.

Hey, even a cave man can do it.

Work on getting up to that level, ok?

[rineaux]

by stopping muslim immigration?

I really like that concept. If anything, it’s a start. Wouldn’t it be great to try for a 4 or 5 year term??

Now if we can get that little parcel of land bordering Mexico secure, we may have something.

[mkjessup]

You’re late, WWTD used that lame joke first, and your beanie hat’s propeller is missing.

[expatguy]

That is such a shame. - you can add to that the TROOFERS

An American Expat in Southeast Asia

[WWTD]

I’m glad you know so much more about economics than Walter Williams, who has endorsed Ron Paul. Nice going, Kreskin.

[mkjessup]

If Ron Paul were in charge his first act would be to stabilize the currency by raising interest rates.

Well genius, explain how Ron Paul is going to control the chaos following his election in that time frame from Election night '08, up to January 20, 2009. Investors and speculators aren't going to wait to see what kind of madcap ideas he puts into play.

There's no guarantee there will even BE a currency to 'stabilize' by the time he gets to the Capitol steps.

[mkjessup]

First to your scenario: Yikes...
Second very true, they do play like it’s 1901. Those nuke thingys are just fiction

Hey, pay no attention to me, I'm just the Amazing Kreskin, if you believe WWTD and NapkinUser.

What those two Paulistinians don't realize is that Kreskin's accuracy is nothing short of astounding.

If they had thought about it, they probably wouldn't have conjured up that image.

[rineaux]

Paul, or for that matter, any other elected in 08 may not have a chance to show what they could do. W is allowing the dollar to really tank.

Oil, as most experts are predicting should be hitting close to 100.00 dollars a barrell soon. That should equate to about 4.00 plus dollars a gallon. Lets hope mom and pop can afford public transportation or many other working stiffs as well.

[mkjessup]

I’m glad you know so much more about economics than Walter Williams, who has endorsed Ron Paul. Nice going, Kreskin.

It doesn't take a Walter Williams to understand that Ron Paul's radical ideas would provoke economic chaos both on and off Wall Street.

Pull your head outta yur...sandbox and quit with the ostrich impression.

[WWTD]

Williams is one of the top economists in America. Are you?

I think I'll play in the sandbox with Williams. You can keep spewing idiotic predictions from your litter box.

[rineaux]

Agree.

Bush Sr lost most of the voters after his “no new taxes” went south. If you look at Bush during his failed re-election, he looked defeated from the very start. Dole on the other hand was kind of the token republican candidate. As though the party owed him something for his service. Hope we do not make the mistake again with McCain.

[ovrtaxt]

I’m with you. His domestic policy views are SO PERFECTLY RIGHT!

But geezlouise, how can he be so naive about the war?

[ovrtaxt]

I disagree with you 180 degrees on your economic take. Yes, there would be upheaval, as the Fair Tax and the gold standard took root, and the artificial crap that’s propped us up shook out. But it would happen slowly, not ‘the day after he was elected’. Let’s be honest though- this economy is based on fiat money and a larely fake market. We desperately need a dose of reality and a prioritization of genuine wealth.

[ejonesie22]

“Thought” well there is the rub....