Ron Paul on the Federal Reserve, Bailouts, and AIG Bonuses

The problem is the Federal Reserve and the bailouts, not the AIG bonuses (as bad as they are–they are just a symptom of the corrupted system).

Ron Paul further explained these facts on Fox Business News earlier today (3/24/2009):

Jim Rogers on Commodities and the Economy

Peter Schiff: Dollar Will Fall, Higher Interest Rates Needed

Peter Schiff on Bloomberg 10.28.2008:

Peter Schiff Talks Bailouts, Economy on Australian TV

Ron Paul on the Housing Bailout, Credit Card Surveillance

The IRS is now monitoring all of your credit card transactions.

Inflation Tax and Dollar Devaluation: Paul Confronts Bernake

Ron Paul was on CNBC yesterday discussing the inflation tax, the weak dollar, and his meeting with Ben Bernake:

Here is the full excerpt from the above referenced House Financial Services Committee meeting where Paul once again tried to set Bernake straight:

Ron Paul was really making the rounds yesterday. Funny how people are having to admit he’s been right all along now that it’s becoming undeniably obvious. Even Glenn Beck is treating him with more respect these days (if only Glenn could get the whole war on terror/foreign policy thing figured out he’d be an OK guy!). Here is the clip of Paul on Beck’s show:

Related info: Why Oil and Gas Prices Are High

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Ron Paul on Inflation and the Federal Reserve 6.25.08

Once again Ron is right. The whole thing really is not that hard to figure out if you are willing to look for the truth and admit it when you find it.

Fed Cuts Rate a Quarter Point, Dollar Drops

The dollar lost ground again today against other major currencies, a slight bounce occurred after the fed rate cut announcement but did little to help offset the day’s significant losses. The Fed announced a quarter-point rate cut that many investors had expected. The benchmark rate was cut from 4.75% to 4.5%.

Pulp Finance explains: “This also makes US treasuries less attractive to foreign investors which in turn lowers our ability to pay off our government overspending by increasing our debt. Its the equivalent of a company printing more stock shares and putting them on the market, this then lowers the value of every share held and eventually no one wants to buy the diluted paper.” The dollar index also hit an all time low suggesting spikes in inflation and decreased purchasing power.

View USD charts here:

USD vs CAD — beyond parity, USD vs EUR, USD vs GBP, USD vs CNY (CHINA)