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Bernanke Stumped by Representative Ron Paul
Minyanville ^
| 9/20/2007
| Scott Reamer
Posted on 09/21/2007 1:25:12 AM PDT by oblomov
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To: mkjessup
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
To: capitalist229
No disrespect, but can the President actually raise interest rates?
22
posted on
09/21/2007 3:14:37 AM PDT
by
perez24
(Dirty deeds, done dirt cheap.)
To: Free Dominoes
23
posted on
09/21/2007 3:24:11 AM PDT
by
ejonesie22
(I don't use a sarcasm tag, it kills the effect...)
To: capitalist229
Do you realize countries that backed their currency in dollars were the countries that suffered the worst and the longest during the Great Depression?
To: mkjessup
First to your senario: Yikes...
Second very true, they do play like it’s 1901. Those nuke thingys are just fiction.
25
posted on
09/21/2007 3:25:48 AM PDT
by
ejonesie22
(I don't use a sarcasm tag, it kills the effect...)
To: oblomov
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.
26
posted on
09/21/2007 3:33:43 AM PDT
by
Raycpa
To: WWTD
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?
27
posted on
09/21/2007 3:34:22 AM PDT
by
mkjessup
(Jan 20, 2009 - "We Don't Know. Where Rudy Went. Just Glad He's Not. The President. Burma Shave.")
To: Free Dominoes
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.
28
posted on
09/21/2007 3:35:18 AM PDT
by
rineaux
(Just say NO to taglines)
To: NapkinUser; WWTD
You’re late, WWTD used that lame joke first, and your beanie hat’s propeller is missing.
29
posted on
09/21/2007 3:35:34 AM PDT
by
mkjessup
(Jan 20, 2009 - "We Don't Know. Where Rudy Went. Just Glad He's Not. The President. Burma Shave.")
To: DB
30
posted on
09/21/2007 3:36:18 AM PDT
by
expatguy
(Support Conservative Blogging - "An American Expat in Southeast Asia")
To: mkjessup
I’m glad you know so much more about economics than Walter Williams, who has endorsed Ron Paul. Nice going, Kreskin.
31
posted on
09/21/2007 3:37:44 AM PDT
by
WWTD
To: capitalist229
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.
32
posted on
09/21/2007 3:37:51 AM PDT
by
mkjessup
(Jan 20, 2009 - "We Don't Know. Where Rudy Went. Just Glad He's Not. The President. Burma Shave.")
To: ejonesie22; WWTD; NapkinUser
First to your scenario: Yikes...
Second very true, they do play like its 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.
33
posted on
09/21/2007 3:40:33 AM PDT
by
mkjessup
(Jan 20, 2009 - "We Don't Know. Where Rudy Went. Just Glad He's Not. The President. Burma Shave.")
To: mkjessup
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.
34
posted on
09/21/2007 3:42:01 AM PDT
by
rineaux
(Just say NO to taglines)
To: WWTD
Im 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.
35
posted on
09/21/2007 3:42:11 AM PDT
by
mkjessup
(Jan 20, 2009 - "We Don't Know. Where Rudy Went. Just Glad He's Not. The President. Burma Shave.")
To: mkjessup
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.
36
posted on
09/21/2007 3:49:07 AM PDT
by
WWTD
To: David Isaac
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.
37
posted on
09/21/2007 3:49:48 AM PDT
by
rineaux
(Just say NO to taglines)
To: DB
I’m with you. His domestic policy views are SO PERFECTLY RIGHT!
But geezlouise, how can he be so naive about the war?
38
posted on
09/21/2007 3:55:43 AM PDT
by
ovrtaxt
(Sworn to oppose control freaks, foreign and domestic.)
To: mkjessup
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.
39
posted on
09/21/2007 4:01:56 AM PDT
by
ovrtaxt
(Sworn to oppose control freaks, foreign and domestic.)
To: mkjessup
“Thought” well there is the rub....
40
posted on
09/21/2007 4:05:06 AM PDT
by
ejonesie22
(I don't use a sarcasm tag, it kills the effect...)
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