Ron Paul's Greatest Interview: Gold, Silver, Freedom, Free Markets, & Sound Money - Mike Maloney

the one characteristic about a country that debases its currency and goes to a paper currency the currency always self-destructs it always ends it is declared by government that this is money it's paper and it's money and it's by government declaration where if you use a gold coin the value comes from the marketplace and government can't reproduce this so it's always exchangeable and the people will accept it if this is sunk on a boat and a ship now or I was a hot 500 years ago you dig it up it has tremendous value there will be numismatic value plus the real value of gold this sinks you put it to the bottom and who cares every generation has a champion someone who will pick up the gauntlet and do battle with the Federal Reserve in 1913 it was Senator Charles Lindbergh senior from 1915 to 1933 it was congressman Lewis T McFadden from 1929 to 1976 it was congressman Wright Patman from 1976 until today it's been the Honorable congressman Ron Paul presidential candidate for 2008 and today's guest on our show it's a pleasure to have you let me tell you nice to be here you recently wrote a piece about Milton Friedman on his death about how our politicians don't understand any of the basics of economics they don't have an understanding of monetary policy monetary policy has been my special interest and there's a saying goes that money is important because it's one half of every single transaction so it involves everything that we do whether we're selling our labor or selling a product so it's most important and of course if you understand free market economics you realize that money and the way the money is manipulated causes the business cycle but there's essentially no understanding of that not too long ago I was talking to I member of the Financial Services Committee the Banking Committee that I'm on and the individual said I heard you ask some questions about gold the other day Alan Greenspan but isn't it true that that weren't her gold standard you know she was still under the belief that the dollar was backed by gold and he she'd been on the banking committee for years he had so that and that's really the level of education but there's there's no real interest they do not understand how important monetary policy is in basic economics what do you think about the availability of credit these days well it's too available too easily available and that's part of the problem if not the major part of the problem and it causes a business cycle in a capitalistic society one should work for subsistence in what's leftover becomes capital and that's what they say they either reinvest it or somebody else reinvest it and they put it in a savings account but because of our monetary system we have created a disincentive to save there's no incentive to save because the dollar is constantly depreciated and we're taught to spend the money because consumers drive drive the economy and you would say well if they don't save how can you get so much money how can you go out and buy a house today and even though mortgage rates have crept up some still five percent is astoundingly low well it's all artificial it's not real credit in the sense of it coming it's coming from savings it's coming from our monetary system the Federal Reserve System the Federal Reserve has been given the power and the authority by our constant by our Congress in contrary to the Constitution to create money out of thin air that's essentially what they do they've created a system where we as politicians are rewarded by spending money because that's how we get reelected we get we spend the money and we pass out the goods and people say oh yeah he's an effective congressman and then they give you lower taxes is no taxes we will just print the money and and the Federal Reserve doing this creates it in addition to the fractional reserve banking system it is magnified that if the Fed creates a billion dollars out of thin air and puts it in as a reserve eventually that turns into eight billion dollars and sometimes weeks the Fed can create 510 billion dollars in a week and whatever they want whatever is necessary to fix interest rates and their price fixers or what they are so the the Federal Reserve makes credit available but in a way it's it's fraudulent and it's theft because it does have value you know if you go to the bank and they give you a million dollars if we all take it but it becomes valuable only by diluting the value of somebody else who's holding money if there are those who are saving money they're being robbed because their value of their dollar is is going down at the same time you get cheap credit because you get the million dollars and of course the people who benefit the most in this system are those who get the money first and those are usually the wealthy people so the characteristic of a country that depreciates its currency is one that's destined to destroy their middle class so if you're in the rich class and you're in the banking elite or you're in the military-industrial complex or you want to run a deficit because you're going to fund special interest groups then you like the system but it's ironic that some who believe that you have to give welfare to everybody to take care of it rich welfare and poor welfare are literally really hurting the poor because it's a tax on the poor they don't pay income tax but they pay the inflation tax and it hurts the poor and low middle income especially because they end up with an inflation rate price inflation's got much faster then then those are the rich and the rich usually don't care so it is a tax and the easy credit is it's very seductive politicians love it the people who get to use it love it few people understand it and I think we're going to have a collapse before they come around to really thinking seriously you know about monetary policy and why we have to revamp it recently we have seen the dollar go down sharply I think it's going to continue and hopefully we'll wake the people up and find out you have to have honest money and follow the Constitution because it says only gold and silver can be legal tender yes and it specifically outlaws Bills of credit right as absolute and what is a Federal Reserve Note it is it is nothing more than paper money on a bill of credit and and yet if you have a silver dollar if you have a silver dollar like this you can't pay your income tax with this matter vac this says one dollar on it and it's legal tender for one dollar doesn't make any sense if you have a Federal Reserve Note even a Federal Reserve Note you can't take and pay your income tax on they wanted like tronic Li you know this whole notion that you have legal tender if you have a privately minted silver ounce and you tried to transact a business transaction with that you can go to jail I mean you're you're breaking the law and yet the Constitution says gold and silver are legal tender and it's the only thing that could be legal tender so you know we have a lot of problems this country economic monetary foreign policy and yet we fail once again back to education we fail to look at the guide not only is it a guide for us an advice for us it's the law of the land it's the rule wants the Constitution so you say well you know let's say the economy gets much worse and we have a lot of inflation and you know all kinds of any well we have to do something just look to the Constitution we'll find an answer if somebody thinks well we're doing too much overseas and spending too much money in our foreign policy is not successful look to the Constitution is there any authority for Congress to give the present authority to start wars when he pleases it doesn't exist no and we do that endlessly so it's so simple Constitution is so neat and and thin and easy to easily read yet nobody reads it we ignore it yeah we don't you ignore it and instead Congress is up there you know we'll be finishing up our session soon and there will be what they call an omnibus bill and it'll probably be about that thick to be thousands of pages long and nobody's going to know exactly what's in there and it's it's just an outrage and as long though as long as the people think they're getting something stuff and not worrying so much about their freedoms they're going to tolerate the system more lollipops yep and and and the point is is should we try to correct it right now or should we wait but we should try to correct right now but I quite frankly I think that the people are only going to be awakened and the politicians are going to pay more attention once there is a serious crisis what do you think the founders of this country would say I mean if Thomas Jefferson or Andrew Jackson came back today and took a look at what has happened to their country to this system that they laid out in the Constitution what would their view of what our society is what would it be do you think they would describe us as socialists as communists yeah might want to arrest us and put us in prison especially Congress because you know what was interesting on the monetary issue the monetary act of 1792 the first 1/2 the Constitution said that if you if you participated in counterfeiting that you could get the death penalty in to them counterfeiting was printing notes that were worthless Bills of credit because they knew I was like when the Federal Reserve notes when when the Continental dollar went to zero and they knew one away inflation was it I'm sure Jefferson others would say look don't you remember you know what happened so if they instituted the death penalty for counterfeiting he was a you know in the moral sense this is what we've done we have legalized counterfeiting you and I can't kind of it fortunately that's still against the law because it's fraud but why is it that the government's allowed to do what we're not allowed to do see there's a basic principle in a free society is that governments can't do what you and I we can't steal and rob and hurt people unfortunately that's still generally understood that that's a that's a good rule but we have failed to recognize that the founders understood the government's can't do that either so if if fraud and deceit and paper money is all bad and warmongering is bad you know for the people then governments should be held accountable so I think they would be outraged but I bet you they would understand because they warned us against this you know they warned us it and they did not like pure democracy they were they wanted a republic and they would say we will you you're not their first words would probably we become an obsessive democracy where the majority rules and you're picking socialism but it's the idea that majority rules and comes in and say well we want this and we want that and as long as the majority opinion thinks they're getting something and they they would probably say well you have succumb to the temptation of of getting something for nothing but you better watch out because if you get something for nothing you're going to lose it yes you were talking about the government printing money and but what most people don't know is that the government actually borrows money from a private bank that they've authorized to create the money for us the Federal Reserve can you expand on that part how it reflects on the Constitution Congress allowing a private bank to create our money yes and that's tricky and it's a tricky language as well because it is a central bank and Jay Hamilton liked it from the very beginning and and started a National Bank and then of course Jefferson got rid of it and and then soon there was another National Bank and and Jackson got rid of it but the Constitution does not authorize central banking but the current central bank we have is the Federal Reserve System and a lot of people refer this as a as a private bank and in some ways that it isn't fully descriptive of what it is it's a tight again it's a it's private in the sense that private individuals benefit the banking elite benefit and they're the insiders and they rule and it's very secretive I can as a commend Congress I cannot find out more information about what the CIA is doing than what the FOMC is doing the central bank what they're doing on monetary policy that's very very secretive of what their of what we're doing but the Congress created it so it's not like General Motors being a private company in some ways it's almost worse than just saying private it's it's the benefits are privatized and yet it's ultra ultra secretive and and and all-powerful a person that runs the Federal Reserve especially when you have somebody like Alan Greenspan he is probably the most powerful man in the world as long as the dollar is the reserve currency of the world Federal Reserve Board Chairman can make or break a president they have more control over the economy ultimately though and this is where I find a sense of optimism ultimately though the marketplace rules and that's why I'm optimistic that this will all be sorted out take for instance in the 60s we all knew that $35 an ounce wouldn't hold for gold because we knew they printed too much money but the authorities the central bank and is Treasury and everybody got behind supporting gold the dollar at $35 you're talking about the London gold pool now the gold pool and this pseudo gold standard of Bretton Woods yeah and this is when I became a true believer because I read Austrian economics I said it won't work it won't work boy August 15 1971 that Bretton Woods collapsed and of course gold took took off so the market ultimately rules even though under today's circumstances a Bernanke or a greenspan very very powerful and they might I'm sure they are trying to manipulate the price of gold and they're always trying to manipulate the value of dollars and the people are deceived in the world plays this game that the dollar is as good as gold and it's a reserve currency so we have this wonderful benefit in this country of printing gold used to be you had to earn the gold and then if you spent it you had real money but now the world has been deceived instead of it totally collapsing 1971 we inherited a system that allowed America to be the producers of gold which is paper and we have great commodity or consumer goods but we lost all our industry because then it was much easier to ship these jobs out unless somebody else do the hard work because we get to we have the unlimited supply of gold which is our dollar and so it's been a fantastic thing but but I'm convinced that the system we have today will no longer last and did we're abusing it too much and and people will come around to rejecting the dollar because the the we depend on countries like Japan and China to finance our current account deficits that we get there that money comes flowing back and they loan it to us at cheap rates and we finance our war in our welfare I mean if this system could continue to work indefinitely it would be it would mean that Americans would not have to work ever again we would just just loaf the rest of our lives and just print the money and buy whatever we needed and one day a long time before we all quit working the world will wake up and find out that we in this country who have lived beyond our means unfairly will be living beneath our means and even though the very wealthy who have benefited tremendously from this system many of them will know the tricks of the trade and they know what to come in and they'll protect themselves but there'll be many of those who don't quite understand this and think that this wealth is perpetual and they'll be brought down as well I'm in the business of protecting liberty as a congressman so that's my my goal and I think of what's happened in third world countries or in particular in Germany ultimately when you have chaos economic chaos brought about by monetary manipulation runaway inflation the threat is not to the loss of their personal wealth which is a possibility that the real tragedy is is the coming of a dictator you know who whom are we going to blame the the Nazis blamed the Jews and it has to be always a scapegoat and then they go in and and and and accept a dictator and a takes a long time to iron that out and too often that leads to to war and and just back to the basics the education they understand the founders message the message we have in our Constitution it could all be preventable but we are yield to the temptation of a free lunch is the problem can you tell us a little bit about the entitlements well there are too many because we should be entitled to our lives and entitled to I responsibilities take care of ourselves that's what's in the free society but entitlements a very very deceptive term most people think an entitlement is like a right an entitlement you're entitled to medical care and titled to a job or trityl to education and and those are misnomers because they have become rights and demands so if you need something or demand something or won something you're entitled to it becomes a right if you reject it then you're antisocial and unamerican and yet we live with that but there to two groups get entitlements most people when we talk about entitlements and I really bought into this before I first went to Congress and that was it was always those poor people you know and they have been taught to be entitled to something they they've been Mis misled or they've been unfortunate so therefore they're entitled to be taken care of by the people who produce and I thought that was most of the entitlement welfare system but I think the entitlements and the welfare for the rich is much bigger a much bigger deal the monetary system we talked to is an entitlement that they think that they have this right to earn the money at least they've devised a devised it so that they can but but then there's the entitlements of privilege regulations and tax benefits here and there and the military-industrial complex and cotton contracts just think how many billions of dollars are going into big corporate coffers in in trying to rebuild Iraq first first a military-industrial complex makes all this money building weapons then when they destroy a country and then they then you get more money to rebuild it it just goes on and on and who gets it the rich don't suffer the rich get richer but the middle class suffers because the inflation and taxes but then again there's there's a challenge to the poor and they're the ones who want entitlements liberals in Congress will come up and they'll always harp on the stagnant wages of the poor and middle class and I agree with them and a lot of conservative Republicans wellness all know they're doing fine they don't pay any income tax but I agree with the liberal who said the the income for average people was being fixed last six or seven years no no increase whatsoever and yet the liberal says well they're entitled to a better living we're going to raise the minimum wage we're going to give them more money for their entitlement more education more schools more medical care more housing and we're going to tax the rich but that makes the problem worse with what they would they have to do is understand back to the monetary policy the the liberal has to become more populist understanding about how monetary policy is so anti middle-class and anti poor and that just taxing productive citizens there's a lot of productive citizens in this country who do it on their own and they're not part of the very rich who benefits from government and to tax them is detrimental it doesn't solve the problem and it takes away jobs you know if you tax productive individuals you hurt job production and and yet that's where we are today I think is it's starting to recognize that our economy is in bad shape and people are getting poor in this last election I think people express themselves not only about the war but I think there's a lot of deep expression about worried about the economy in spite of the low the low rate of unemployment I think it's the underemployment you know poor jobs that we don't have the jobs that we have sent overseas because of the way the monetary system works and they they're getting pretty nervous about this so it's a really great opportunity to get involved in this education that's why I'm delighted to hear about what you're doing with programs like this and other activities not only because it's important to understand economics but it's also in their best interest that entitlements do not satisfy the best interest of the people that eventually destroy as a country so it's the understanding of economic policy which is in the best interest of all of us most people in the United States don't realize that you can go to the US Treasurys website and you can download the financial statement of the United States and you can read it yourself I do this I don't know anybody else that does but in it you see that the entitlements projected out for 20 years you also do not see the money that they're spending where's the money coming from that they're spending in Iraq and Afghan about the unfunded liabilities but the off budget items they're not in there at all yet somehow the money appears for them to spend on Iraq Afghanistan and and the war on terror but the entitlements and the coming generation of retirees what's going to happen when the baby boom generation retires and you see expenses and income on graph after graph in the financial statement of the United States they're basically telling us what is going to happen in the future and it's not a pretty picture no and we don't know exactly what year that's going to happen the economy is shaky right now the stock market is shaky that say we are moving into a pretty steep downturn then all the projections are you know inaccurate because we don't know how many people will be working next year the year after so we don't know the income and we can estimate to a degree the expenses but even that is difficult because you know private pension funds are insured by the government and they're going to inherit a lot and we are transferring some of the medical responsibility from from private corporations who no longer can happen like the prescription drug program was a transfer from private responsibility to government responsibility and this is so huge that nobody can quite comprehend its into the many many trillions of dollars all we know for certain is it's it's it's not workable and it will fall apart but I never I always tell the elderly you're always going to get a check we're always going to send you a check for your Social Security and it's going to go up but we will always fudge on what the real rate of inflation is so it will never go up quite free so you're in your real income is going to stay flatter or go down but you're always going to get a check and they'll try to keep up but the question is is what's it going to buy you know even if it comes gradually and you and electricity go doubles and your check doesn't double you you're going to suffer and I think that is what's going to happen I I think this country is going to get much much poor and the entitlements will finally have to end because just printing the money and running up the deficit or expecting foreigners to continue to loan us the money it's it's not going to last it's just it's just a dream and it's very very serious and even though there's a few people in Washington talks about it it's a they're not really serious about it it's put it off there's a deep concern in Washington for the next election already we've just had an election already what does the deep concern about two years from now how do we get power back for the Republicans how are we going to maintain power who's going to be President it's a it's a game that they're playing they're not thinking about the cause of liberty and the future and understanding monetary policy and and why this thing won't work that's the lowest on their priorities and it's all to pander to to get votes and in the they're dealing in a very corrupt system there's less corruption than you might believe in the conventional sense of members of Congress taking money under the table it's they're dealing in a corrupt system where they're transferring wealth back and forth and that's their job and the better they transfer this wealth from somebody else's who's paying the taxes to their district I mean that's the sign of an effective congressman so they work very hard that that's it's a system that is corrupt and it invites a lot of abuse and that's why this entitlement system has just gotten totally out of control but in a way though when the crisis hit there'll be some good things that come about it people will recognize that hard work is is an honorable thing to do and we have to work to maintain a standard living and it means also that we're going to pull in our horns we won't pretend that we can tell other people how to live and that we're going to take democracy well the founders didn't even like democracy and we're expending lives and hundreds of billions of dollars to go over there and tell your Accu people how they're going to live I mean that this that's going to end it's going to end not because of great wisdom gravitating to Washington is going to end because we're going to run out of our wealth and and the entitlements entitlement system will be declared bankrupt you mentioned earlier about printing money and the decline of the middle class when this happens there's a number of examples in history of this happening before have you got any comments on oh yes there there frequent and and one characteristic about a country that debases its currency and goes to a paper currency the currency always self-destructs it always ends I mean today you know don't tell us the difference between a asset-backed currency and a fiat currency well well the fiat means that it is declared by government that this is money it's paper and it's money and it's by government declaration where if you use a gold coin the value comes from the marketplace and government can't reproduce this so it's always exchangeable and the people will accept it if this is sunk on a boat and a ship now or it was a hot 500 years ago you dig it up it has tremendous value there will be numismatic value plus the real value of gold this sinks you put it at the bottom and who who cares you know this losses probably five to ten percent a year in value so it's very very destructive and that that's why it's so important to have real money and the other important reason other than the economic reason is it restrains government if we had hard money and we had to pay our bills we would have to tax everybody for the entitlement system and war taxes would double maybe I mean there would be huge increase in taxes the other thing I would like to do is make everybody pay on a monthly basis mainly not how to it well to annoy them does it remind them yes this is what you're paying for government in the governmental I spent any money other than what they take and they have to get out of this business of financing big government because when you do this when you have this right to print money you you produce big government any government does the wrong things always at the expense of the individual liberty we have examples so many examples India up until just the past couple of decades China under Mao the USSR managed economies when government gets big and tries to manage an economy it's always disaster it never works is there ever any example in history of a government being able to print or borrow its way to prosperity only temporarily I would say that we're in that stage right now we're temporarily very wealthy because there's still this trust in the dollar and I would say 30 years since it's just pure fiat money since 71 30-some years now that we have on short-run benefited by this but long-term no I don't think there's an example the longer goes and and the more pervasive it is the more likely it is you're going to end up with runaway inflation like they had in Germany or or third world countries in Central America even Mexico they've had several new new pesos introduced because they so lost devaluations of them Oshin so it ends but nobody can say well you know the Chinese a thousand years ago had a paper currency that lasted for a thousand years and it was a great you know great prosperity with it now it's it doesn't work that way it always brings poverty and always ends the paper money will and you're a Republican but all of your everything that you stand for seems to be libertarian why is it that you run on a Republican ticket when I don't see much correlation you know what to be honest with you I usually don't like or trust politicians and for some reason there's an exception here and and it's because of your stance and because you're willing to say things that the rest of them aren't why are you running under the Republican banner when you're to me you're clearly a libertarian or do you take exception with that or are you no I I don't shy away from the word libertarian but I volunteer that I'm a constitutionalist and what you're saying if you put lame-o libertarian on me that means that the founders must have been libertarian because even if I had a libertarian belief that contradicted the Constitution I would want to change the Constitution because I believe the rule of law is important but the Constitution is pretty libertarian aise gives the government essentially no authority to run our lives or police the world or run the economy so that's a it's a great document and to run on a party other than the to one of the two majors it's it's too difficult to win there somebody have been able to do it as independent and I have a lot of respect for those whether they're left or right or libertarian to run as independents and independent and win but we have monopoly control of the political system and the Republican and Democratic Party although they vie for power the power the power structure is real but the philosophic struggle is absent there's no difference between the I guess I will qualify that a little bit there's very little difference between the the welfare beliefs of the Republicans and the Democrats party the monetary policy the the foreign policy in the current day I would say the biggest difference is that Democrats are more easily swayed to raise taxes than the Republicans are but since they both spend and spending is a tax because if you don't tax the people directly you tax them indirectly through inflation so it's all a gimmick they believe in they believe in big government so I run as a Republican because it it allows you a chance to win because as it as a third party you don't get included in debates and and it's it's harder to raise money it's hard to get on ballots and libertarian party tries real hard to get their candidate on ballots and they do but I tried it one time back in 1988 and I spent most of the money just battling the rules so you have to be a Ross Perot in order to do that so if you're wealthy enough and you can find the people who go out there and and overcome the legal system and go to court and get signatures you can get on the ballot but for an average so a system is stacked against act and you know and I think somebody could have my views and run as a Democrat matter of fact after this last election a Democrat that beat a so-called conservative Republican comeon she was all excited she says guess what I did I have used a lot of your supporters up in my district and I use some of your literature and I want to see you know which was exciting while that they took these these constitutional views more libertarian views and were able to use it and when a democratic seat and she said I want to be an ally of yours and she had never been in office before so this can't happen so we have a mess and a lot of cards stacked against us but we're still free enough to participate the fact that you can still do television programs and you can do home schooling and private schooling and even a guy like me can get elected to Congress so there's still enough freedom left and we need to use it to go in the opposite direction of recapturing our freedoms rather than sitting back and saying well there's not much we can do and they say all the media's opposed to us well who's who's the media you know the media is everybody now it was get a computer in your on the website I mean my stuff doesn't make the news but oh I get a lot of letters around the world when I give talks on the House floor I mean I get a lot of the interest you said your stuff doesn't make the news I was watching c-span one time Congress is grilling Greenspan and then and it was all softball questions and then you step up and you ask a hardball question and c-span immediately cuts away to some silly commentary do you think that we have a truly free and fair media in the United States not really because I consider it I mean you take you take a station like Fox I mean it's just it just works for it's probably the party and working to the president they promoted the war and all their their propaganda it's ironic that PBS has given me a fair shake in the so-called private stations of course I wouldn't even see spin oh yeah these man treats me very well and they get me on but but it's sort of ironic I wouldn't vote for a penny to subsidize public broadcasting but in a way it's more fair and balanced than the so-called fair and balanced statement as a station of Fox but Fox has a right to do that and say somebody else has a right to be more liberal so I don't want to you know take a take that away but the people don't quite recognize that they they're more likely say PBS is is unfair and it's always leftist and and finally we have Fox to balance this and they love Fox News yeah okay I want to thank you for being on this was just a incredible interview is there anything that you would like to say at the end here well I don't have anything real special but I think most people have to realize that the real cause is to fight for the cause of Liberty because I think when we have a free society individuals then can do what they want to carry themselves and work their own virtue and excellence and take that out of the role of government it's when you give that responsibility government to make this economy fair make you a better person and tell you how you should be virtuous and all these things the government can only do that or pretend to do it at the expense of liberty and then when they make this attempt to make this perfect world it doesn't work so there's there's a very practical argument against all this big government and it's a shame that we who believe in freedom and liberty have done such a lousy job in convincing the people that's in their best interest to fight for the fight for liberty and we will have our prosperity too often people say well we'll get our prosperity by getting our entitlements and giving up on the concept of liberty and that's a problem that we have to overcome thank you thank you wow that was so good that I've forgotten what the next questions were if you know how the world financial system works you know the game that you're playing and if you don't know the game and the rules that we're playing by you're gonna get slaughtered you are going to get slaughtered ever since the Federal Reserve was born we have been living under a lie in order for us to maintain the levels we've got and to maintain the prosperity Obama has to be twice as far in debt when he leaves office than when he came in or we the whole thing is starting to collapse the Federal Reserve they're buying bonds directly from the Treasury this is quantitative easing they're calling it and that means there's an emergency going on I could see that there wasn't anything in history as far as finances go that was as much of a sure thing as gold and silver accounting for the expansion of the fiat currency supply there's absolutely no chance in hell that this won't happen right now it takes about 15 to $20,000 an ounce gold I believe that there's going to be deflation first and then all of the world's central banks will start printing like crazy to get us out of that deflation and Ben Bernanke will be leading the charge you can't have a debt that is 10 times the size of your economy it's not possible everything comes to a screeching halt for I got to show you that the world's stock markets and real estate bubbles have to continue crashing because all it is is the market trying to seek fair value it's trying to seek equilibrium this is what the markets do it is their job basically you know our entire currency system is imaginary it doesn't really exist it's just that we're all dreaming the same dream if anybody chooses to wake up it's over with thank you very much I'm Mike Maloney author of the best-selling book on precious metals investing guide to investing in gold and silver it's part of the Rich Dad series that Robert Kiyosaki started

Channel: GoldSilver (w/ Mike Maloney)

Views: 753,101

Rating: 4.9050894 out of 5

Keywords: NDAA, Romney, veto, Ron, Paul, 45th, president, Mike, Maloney, On, Gold, And, Silver, free, markets, austrian, economics, founding, fathers, standard, invest, investing, investor, 500oz, real, estate, constition, tea, party, peter, schiff, rand, paul, obama, jefferson, shchiff, goldsilver.com, why, mcfadden, patman, jackson, andrew, congressman, milton, friedman, newt, gingrich, serial, hypocrisy, big, dog, ad

Id: q3SOlXxUBLk

Length: 40min 49sec (2449 seconds)

Published: Wed Aug 17 2011

Reddit Comments

[u/snailspace]

That was an excellent interview, thanks for sharing. It really shows the great extent of Dr. Paul's knowledge on monetary policy. I highly recommend this video for anyone who wants to learn more about Ron Paul's message of sound money and responsible monetary policy.

[u/charbo187]

these 30 second debate snippets do a great disservice to this man.

america needs to hear this man speak at length and often.

[u/galenwolf]

Start sharing this everywhere. Post it on every forum that talks about money and politics or any forum that has an off topic section, also don't forget all the social media outlets etc.