Ron Paul Schooling CNBC Audience Again

Wed, 05/19/2010 - 23:27

I wish high school and college classrooms would show this 11 min clip in their economy courses. You cannot get enough of this truth serum.


"The Federal Reserve behind the scenes has the power to create money out of thin air. It's very bizarre," Paul said. "They can bail out their friends and let the people they don't like fail, and create a trillion dollars or more out of thin air in order to prop up some companies at the expense of others ... It's absolutely bizarre and, yes, the American people right now I think are waking up to it."

Ron Paul's message is as clear as ever here. And despite the desk anchor at CNBC's efforts to "gotcha" Ron Paul a couple of times, the viewer walks away even more educated for it.

She calls him out on betting against the market for 30+ years since he proclaimed that making the US dollar the fiat reserve currency of the world would not work back in 1971. He counters that he was buying gold back then at $35/ounce. He's doing fine.

Well worth the watch.
Source: http://www.cnbc.com/id/37189251