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RON PAUL ON BAILOUT
Uploaded by: smilingzebra
Video Description:
Just before the passage of the historic 700 Billion bailout bill passed by Congress, Ron Paul explained why he was voting against the bill. This is not an endorsement or criticism of Ron Paul - just food for thought. I watched most of the debate before the vote and Paul was one of the more interesting speakers. If you have a funny feeling that something is out of whack in the economic freak out going on around the world, this may make some sense. But then again, maybe not. Depends on you!
He said: "Madam Speaker I rise in strong opposition to this bill because it won't solve our problem...
Tags for this video: 401 analysis bail banks Bernake board C-span commentary congress credit debate deposit depression documentary economy federal finances financial government house insurance investors law market money of out paul pensions politics recession representatives reserve ron savings speaker speech stock street swaps texas treasury wall
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Ron Paul will probably vote against it because he believes a massive financial collapse and catostrohic depression is a *market adjustment.*
We had financial panics in 1837, 1857, 1873, 1890, 1907, and 1929 while we were on the gold standard.