CNBC Anchors Upset When They Unintentially Air Ron Paul’s Opening Statement to House Financial Services Committee
When you work at CNBC you just don’t want the unfiltered truth getting out across the airwaves (notice the reaction of the talking heads at 2:23).
Ron Paul said things like: “This is the end of an era. You can’t reinflate the bubble… it has failed” which is of course waaay too truthful to be shown uncensored:
Visit Chuck Baldwin’s website.
Filed under: Chuck Baldwin | Tagged: bailout, bankers, banks, bernake, Chuck Baldwin, constitution, depression, dollar, economy, Federal Reserve, finance, fraud, George Bush, Goldman Sachs, inflation, lies, mccain, Obama, Paulson, politics, recession, sound money, Wall Street | 2 Comments »
Here is Glenn Beck on October 13, 2008 with economist Peter Schiff.
Beck seems to finally be coming completely around to what many of us have known for quite a while. Along with making comparisons between where the U.S. is headed and the Weimar Republic, they also discuss (briefly) the likelihood of a conspiracy for an eventual global currency and the possibility of martial law in the the streets of America:
Filed under: constitution, Economy—US Dollar, Glenn Beck, liberties | Tagged: bailout, bankers, bernake, bush, constitution, dollar, economy, Federal Reserve, Glenn Beck, global currency, great depression, habeas corpus, inflation, liberties, martial law, New World Order, Paulson, peter schiff, politics, posse comitatus, recession, Weimar Republic | 1 Comment »
“It looks like we’ve really given up on the Republic — you know, freedom and the marketplace and sound money. All we accept is more encroachment of our civil liberties, more collusion between business and government. It looks like this is a massive increase in the combination of government and big business… the general rule is when government creates a regulation they create the need for two more regulations…”
Hearing Ron Paul carve up Bernake never gets old:
Filed under: Economy—US Dollar, Ron Paul | Tagged: bernake, big government, economy, ferderal reserve, inflation, Joint Economic Committee, recession, Ron Paul, sound money, stagflation, US Dollar | 1 Comment »
Trailwatch reached out to each of the remaining presidential campaigns and offered them an unedited forum in which they could address voters. As he was when we requested information for our Candidate Screener, Ron Paul was the first candidate to respond to our offer. We asked each campaign to submit 500 to 1,000 words on the issues they believe are the most important ones facing the nation at this moment in time. Here is what Ron Paul had to say.
–Paul M. Murdock
By Ron Paul 03.04.08
America became the greatest, most prosperous nation in history through low taxes, constitutionally limited government, personal freedom and a belief in sound money. I decided to run for president because I am deeply concerned that the conservative movement has drifted away from these principles that we once so fiercely defended. Deficits have exploded, entitlements are out of control and our personal liberties are threatened like never before.
The current state of our economy drives home the hard truth that living beyond our means has caught up to us. Oil is over $100 a barrel, the housing market is in sharp decline and the dollar is in a free fall.
The national debt now stands in excess of $9 trillion, more than $30,000 per person. The total future debt obligations of the United States, including entitlements, are estimated at around $59 trillion, which equates to over $500,000 per household. Social Security and Medicare will likely consume the entire federal budget by 2040, threatening the average American with an impossible tax burden.
As I said this past November to Federal Reserve Chairman Ben Bernanke, “We’re indeed between a rock and a hard place, and we don’t talk about how we got here; we talk about how we are going to patch it up.” The “solutions” proposed so far–stimulus packages, bailouts and interest rate cuts–just amount to printing more money, which will lead to greater currency devaluation, contribute to the rising costs of living, and further squeeze the middle class and our senior citizens.
This is the first time in over 100 years that monetary policy is being discussed in earnest during a presidential campaign. Money is the lifeblood of any economy, and control over a nation’s currency means control over its economic well-being. Fed bankers quite literally determine the value of our money by controlling the supply of dollars and establishing interest rates. Their actions can make you richer or poorer overnight, in terms of the value of your savings and the buying power of your paycheck. For over 30 years, I have been urging all Americans to educate themselves about monetary policy in order to better understand how a small group of unelected individuals at the Fed and the Treasury Department wield tremendous power over our lives.
In order to immediately strengthen the economy and lay the groundwork for continued prosperity, I have proposed a four-part plan that involves lower taxes, less spending, a sound monetary policy and regulatory reform.
We can take several immediate steps to reform our archaic tax system and give Americans back the fruits of their labor. I will work to make the Bush tax cuts permanent, including a repeal of the estate tax, and I will fight to end taxes on Social Security benefits and income derived from tips. I also believe that if we are to truly address the housing crisis, we will end taxes on forgiven mortgage debt, which is considered “income.”
The most permanent tax reform we can undertake, though, is to end the income tax and abolish the IRS. We could remove the entire personal income tax-funded portion of the budget and the federal government would still receive roughly the same revenues that it did during the Clinton years. And we could do this without even touching Social Security and Medicare.
The key to tax reform lies in spending reform. It’s time to cut back on our trillion-dollar overseas budget and use that money to secure the programs Washington has forced so many citizens to depend on. By doing this, we can let younger generations opt out of these programs and save for their own retirements and health care needs. As president, I will also veto any unbalanced budget and demand that Congress address wasteful spending.
Lower taxes and less government spending will put more money in your pocket. A sound monetary policy will increase the value of that money and drive down the costs of living.
Immediate monetary reform can be achieved by requiring transparency at the Fed. All Federal Reserve meetings should be televised just like the proceedings of Congress, and they should once again make all information on the money supply available. I also favor legalizing competing currencies. History is replete with examples of the inevitable failure of paper money systems, from our own founding days, to inter-war Germany, to the monetary crisis of 1970s Latin America.
However, I believe that for our economy to be secure in the long term, Congress must reassert its authority and end the unconstitutional Federal Reserve.
Finally, we must be willing to undertake regulatory reform. It would serve us well to revisit the myriad federal regulations that have stymied the innovative spirit of the American people.
One of the most damaging regulations imposed on the American people is the Sarbanes-Oxley Act. A survey by Financial Executives International put the average cost of compliance with Sarbanes-Oxley at $4.4 million, while the American Economics Association estimates the Act could cost American companies as much as $35 billion. A study by the prestigious Wharton Business School found that the number of American companies delisting from public stock exchanges nearly tripled the year after Sarbanes-Oxley became law. One of the best things Congress could do for the American economy is to repeal this damaging legislation.
According to David Walker, former head of the U.S. Government Accountability Office, “We are mortgaging the future of our children and grandchildren at record rates, and that is not only an issue of fiscal irresponsibility, it’s an issue of immorality.”
Unless we embrace fundamental reforms, we will be caught in a financial storm that will humble this great country as no foreign enemy ever could. However, we can find safe harbor in our ideals. Reclaiming our historic legacy of principled commitment to liberty will, once again, unleash the innovative spirit that propelled our nation to heights of prosperity never before achieved in human history.
Filed under: Economy—US Dollar | Tagged: bernake, dollar, economy, Election, Federal Reserve, Forbes, Forbes.com, gold, inflation, oil, Ron Paul, US Dollar, Vote third party! Research the Candidates: | 2 Comments »
Ron Paul — the only presidential candidate who years ago foresaw our financial troubles coming due to our bad economic policies — schooled Ben Bernake yet again today during a House Financial Services Committee meeting. In regards to Bernake’s adherence to failed policies Paul warned him that “history is against you”.
This comes at a moment when oil prices are hitting record highs and when the Euro is at an all-time high against the dollar. Oil is predicted to climb much higher over the next few months; currently oil is very close to an all-time inflation adjusted high. Gold is also climbing quickly — and gold would be even higher if not for the artificial suppression of it’s price.
Between the tanking dollar (inflation), the housing meltdown, the credit crunch, and a pointless war in Iraq (that costs well over 400 million dollars per day) our economic outlook is not too bright and the middle class could soon be in danger of disappearing. On top of all that you’ve got Alan Greenspan over in the middle east last week encouraging them to drop the dollar peg. Even government can’t be this incompetent… it’s like it’s all being done on purpose! Hmm, so how long until they bring out the Amero?
Ron Paul appeared on the Fox Business channel to further discuss the dollar, monetary policy, the economy, and the events of the FSC meeting:
Market Traders Cheer Paul’s comments.
Filed under: Economy—US Dollar, Ron Paul | Tagged: amero, Austrian economics, Ben Bernake, bernake, dollar, economics, economy, Federal Reserve, history is against you, House Financial Services Committee, inflation, M3 money supply, money, Ron Paul, stagflation, US Dollar | Leave a Comment »