Monthly Archives: March 2014

Martial Law 2014! USA Financial Meltdown - Economic Collapse, Global Crisis
Martial Law 2014! USA Financial Meltdown - Economic Collapse, Global Crisis videos.. Please click here to subscribe to my channel.. Economic collapse and fin...

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Martial Law 2014! USA Financial Meltdown - Economic Collapse, Global Crisis - Video

Ron Paul Backs Putin in Crimea
Anti-interventionist libertarian Ron Paul is completely cool with Russia invading Ukraine and Putin stealing Crimea because of "some laws".... This clip from...

By: Sam Seder

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Ron Paul Backs Putin in Crimea - Video

Ron Paul Weighs In On Russia / Ukraine Crisis
Alex breaks down what is going on with the Russian crisis and both sides Democrats and Republicans are laying the path for war. Follow Alex on TWITTER https:...

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Ron Paul Weighs In On Russia / Ukraine Crisis - Video

Ron Paul: Half of US economy is socialized

The economy on the surface looks good but there are still a lot of problems out there, says former Congressman Ron Paul, discussing the ability of the Federal Reserve system to fix economic problems.

The Federal Reserve is expected to announce on Wednesday further tapering while holding its benchmark interest rate near zero, but the central bank is wrong to manipulate interest rates at all, former Republican congressman and presidential candidate Ron Paul told CNBC.

(Read more: Wall St eyes Yellen for possible job target shift)

"It's an illusion. I don't think any one individual knows how to plan the economy by manipulating interest rates. Interest rates are so important that if you give this power to one small group or one individual, there will be distortion," Paul said Wednesday on "Squawk on the Street."

"So sometimes you have housing bubbles and sometimes you have housing busts, then you have housing bubbles and bond bubbles that's all [the] result of the manipulation of interest rates, which is my real objection to it."

Paul, a staunch critic of the Fed, doesn't hold much hope for Chair Janet Yellen either. Thirty minutes after the release of the central bank's policy decision Yellen will hold her first press conference as head of the Fed.

But Paul contended the ability to influence interest rates is too powerful of a tool for any one person to hold, be it Yellen or otherwise.

(Read more: Yellen's media debut: Plenty at stake politically)

"I think it's the invisible hand that we lack, not the wisdom of a few people. Few people can't be wise enough to dictate the market. That's why socialism always fails. So one half of our economy is socialized, because it's the control of the money supply, the control of the interest rates," Paul said.

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Ron Paul to Fed: Hands off interest rates!

Ron Paul: Half of US economy is socialized

The economy on the surface looks good but there are still a lot of problems out there, says former Congressman Ron Paul, discussing the ability of the Federal Reserve system to fix economic problems.

The Federal Reserve is expected to announce on Wednesday further tapering while holding its benchmark interest rate near zero, but the central bank is wrong to manipulate interest rates at all, former Republican congressman and presidential candidate Ron Paul told CNBC.

(Read more: Wall St eyes Yellen for possible job target shift)

"It's an illusion. I don't think any one individual knows how to plan the economy by manipulating interest rates. Interest rates are so important that if you give this power to one small group or one individual, there will be distortion," Paul said Wednesday on "Squawk on the Street."

"So sometimes you have housing bubbles and sometimes you have housing busts, then you have housing bubbles and bond bubbles that's all [the] result of the manipulation of interest rates, which is my real objection to it."

Paul, a staunch critic of the Fed, doesn't hold much hope for Chair Janet Yellen either. Thirty minutes after the release of the central bank's policy decision Yellen will hold her first press conference as head of the Fed.

But Paul contended the ability to influence interest rates is too powerful of a tool for any one person to hold, be it Yellen or otherwise.

(Read more: Yellen's media debut: Plenty at stake politically)

"I think it's the invisible hand that we lack, not the wisdom of a few people. Few people can't be wise enough to dictate the market. That's why socialism always fails. So one half of our economy is socialized, because it's the control of the money supply, the control of the interest rates," Paul said.

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Fed wrong to change rates: Ron Paul

2012-04-19-mjg-RonPaul2.JPG

Republican presidential candidate Ron Paul is greeted by a crowd of about 4,400 people before speaking at Lynah Rink on the Cornell University campus in 2012. Paul is scheduled to speak Wednesday at Syracuse University. (Mike Greenlar / The Post-Standard)

SYRACUSE, N.Y. - Ron Paul has agreed to answer a few questions submitted by Syracuse.com readers before his visit to Syracuse next week.

Please leave your questions in the comments below and I will choose a few to ask during a telephone interview Friday afternoon.

Paul is the former Texas congressman who twice sought the Republican Party nomination for president.

He is scheduled to speak at Syracuse University Wednesday March 26. Paul is a guest of the College Republicans. The event starts at 7:30 p.m. in Hendricks Chapel. Tickets costs $5 for the public. It is free for students. Call the Schine Box Office at 443-4517.

Paul's Libertarian Party message is popular among students. He calls for limiting the size of government, strengthening civil liberties and shrinking America's involvement in foreign wars. He wants to repeal the Patriot Act and eliminate drug laws.

A visit to Cornell University during the 2012 presidential race drew more than 4,000 people.

Contact Michelle Breidenbach at (315) 470-3186, mbreidenbach@syracuse.com or follow on Twitter @mbreidenbach.

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What would you ask Ron Paul? Submit your questions for our interview

"If we look only at the stock market, then we're in denial," warns Ron Paul in this brief 'uncomfortable-for-the-anchor' CNBC interview, adding that "it's an illusion." While the stock market has performed well, Paul explains that the economy-at-large continues to struggle noting that it's due to the Fed: "I don't think any one individual knows how to plan the economy by manipulating interest rates' [they] are so important that if you give this power to one small group - there will be distortion." That's why socialism fails, slams the Fed critic, "it's the invisible hand that we lack, not the wisdom of a few people. Few people can't be wise enough to dictate the market," and the Fed's history shows their track "record is pretty bad."

"So sometimes you have housing bubbles and sometimes you have housing busts, then you have housing bubbles and bond bubbles that's all [the] result of the manipulation of interest rates, which is my real objection to it."

"So one half of our economy is socialized, because it's the control of the money supply, the control of the interest rates,"

"We don't believe they're capable of doing it and I think history shows that the record is pretty bad."

"The economy on the surface looks good, but if you look at hardcore unemployment and standard of living of the middle class, there's still a lot of problems out there... So if we look only at the stock market, then we're in denial."

Furthermore, Ron Paul went to note that "low interest rates are not a panacea - though they won't admit this," adding that the reason for a lack of recovery and hiring is all aboyt "confidence" and that can't be manufactured by stock markets... "we are bankrupt and have been encouraged to take on more debt" - simply put, he adds "the financial system is deeply flawed"...

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Ron Paul On The "Illusion" Economy And "Why Socialism Always Fails"