Ron Paul Catches Herman Cain In A Lie To The American Public About The Federal Reserve (Bonus: Entire Debate Video)

I do believe that Herman Cain did not realize how many Americans are ticked off with the Federal Reserve, just exactly how ticked those Americans are, nor how many Americans understand that the Federal Reserve System is a private banking cartel that needs to be ended.  Mr. Cain has really torpedoed his campaign by lying in response to Dr. Paul’s question to him during the Dartmouth GOP presidential debate this evening about comments that Mr. Cain made on December 29, 2010.  Quite a few people, yours truly included, are concerned that Herman Cain is a Fed insider after becoming a member of the board of the Kansas City Fed in 1992 and chairman in 1996.  How does a restaurant CEO with a bachelors in mathematics and a masters in computer science get a place at the table of the group setting economic policy?  Can someone answer me that?

What follows is the question and the actual audio of Mr. Cain’s responses to a question about auditing the Federal Reserve.

Dr. Ron Paul’s highlights from the debate:

Entire Bloomberg/Washington Post GOP presidential debate at Dartmouth College, 10.11.2011:

By Logistics Monster


  • Cainunism [keyn – yuh – niz – uhm] – noun

    1. A theory or system of economic organization based on a wildly optimistic regard for the fiscal discipline of Congress and the President. Adherence to this theory typically requires the suspension of disbelief concerning the ability of increasing the government’s power to tax, without substantive spending cuts, to actually reduce burdens on taxpayers and to produce economic recovery.

    2. The intentional use by politicians of resonant slogans which obfuscate and distract some voters from the otherwise conspicuous absence of thoughtful, realistic or realizable fiscal or monetary plans and policies.

    Cainunist [keyn – yuh – nist] – adjective

    1. Of, characterized by, favoring or relating to Cainunism; Cainunistic

    In a sentence: “Imagining that a ‘9 – 9 – 9’ percent tax ‘plan’ would not soon be 9.9 – 9.9 – 9.9, then 19 – 19 – 19, and so on, is just more magical Cainunist thinking.”

    Origin of Cainunism: term used by informed voters to describe the economic-sounding slogans that originated from the 2012 vanity presidential campaign of former Federal Reserve banker Herman Cain (1945 – )

    Synonyms for Cainunism: 1. Prevarication, 2. Deception, 2. Cozen, 3. Hucksterism, 4. Hoodwink, 5. Sales Pitch, 6. Razzle Dazzle

    Antonyms for Cainunism: 1. Common Sense, 2. Objective Reality, 3. Free Market, 4. Tax Reduction, 5. Economic Liberty, 6. Less Government, 7. Constitutionalism, 8. Ron Paul

  • & Palin’s not going to run, & Perry’s bilderberg, & Christi is backing Romney who authored the first rotten healthcare PLAN…& Cain is Fed, & R.Paul is still not the answer.
    God’s Grace America.
    maranâ’ thâ’

  • Bill Barnes -

    I believe the same thing as the author,two many people are blind to Cain’s unbelievable “careers” and don’t stop to question how those positions were attained so rapidly without experience in each field. Bachman or Rick are looking so good now.

  • First, I agree with the Diamond’s video above. Cain has had to backpedal in a number of area. He is getting better at it but not near as well as the professional bullshitters. Note that Perry is worse, an animal science degree gets you nowhere in politics.

    Second, Most of the others have trained as professional bullshitters/debaters (Poli sci, history, Literature, law degrees).

    Third, Cain is the only one with experience making economics work and has decisive proof that he made it work. (if they would not have worked: Godfather’s would be bankrupt and he would have never got the promos he did in the corporate world. Governors can do this, Clinton did it in AR; Daniels in IN; Walker is doing it in WI; Kasich in OH; Johnson in NM. But Perry, Romney, & Huntsman have not had any big fights or changed the course of their state; they have been placeholders as the state went on its way.

    So where is Ron Paul fit? He is a smart guy, again with no training in business, economics or bullshit (maybe while in congress). He has been chair of the banking committee for over a year, yet we still have not “audited the FED”, removed Dodd-Frank, the worst parts of Sarbanes- Oxley – what’s he been doing?. While he may be a smart guy, I don’t think he knows how to make things happen and would be a Republican “Jimmy Carter” as president.

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