Blaming Fed, Ron Paul Predicts Deepening Economic Crisis in U.S.
Predicting a deepening economic slump, U.S. Rep. Ron Paul told a tea party conference on Saturday that federal policies are conspiring to raise prices and slow growth.
The Texas congressman, who has run for president as a Libertarian and as a Republican, called the Federal Reserve Bank "the great facilitator" for endless military adventures overseas and an unsustainable welfare state at home.
"None of this could happen without the Fed, which is printing too much money," Paul told the American Policy Summit in Phoenix.
Paul said the nation's current economic position "is much worse than it was in the 1970s," when the country was wracked with "stagflation" under President Jimmy Carter and a Democratic Congress.
Without uttering President Barack Obama's name, Paul issued a bipartisan indictment against the federal government, which he accused of "propping up the military-industrial complex and looking around the world for the next dictator to support."
"We could barely get 100 votes to reduce funding for infrastructure in Iraq," he complained.
Alternatively, the veteran congressman reiterated his call for abolishing foreign aid and securing America's borders.
"If we had a functioning government, we would protect our borders," he said.
Sunshine State News is providing continuing coverage of this weekend's American Policy Summit, hosted in Phoenix by Tea Party Patriots (www.summit11.org).
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2 comments
Comments (2)
1:09AM FEB 27TH 2011
thanks Dr Paul for telling the truth. The Bank Bailouts were the greatest fleecing of the American Middle class in the History of America. The big banks knew they were to big to Fail, and of course they control the Federal Reserve.
11:42PM FEB 26TH 2011
On Thomas Jefferson's Birthday honor his memory by participating in a "Real Money Bomb"
Can you spare a dollar?
Do you know what a dollar is?
Do you have a dollar?
Will you put real cold hard cash on the line and take a stand for constitutional currency?
In case you don't know, a dollar is a silver coin, always has been and always will be. Federal Reserve Notes and bank account balances are simply debt instruments denominated in dollars, but the debtors (the banks) are bankrupt and refusing to pay their obligations in specie so their promises to pay are worth less than 4 cents on the dollar (and falling fast). Take a stand and show your support for an honest monetary system by participating in a "Real Money Bomb" on April 13th, 2011 for Jefferson's Birthday.
Lady Liberty wants you to inform and educate people about this knowledge; it can and will bring Peace and Prosperity if each and every one of us takes it upon ourselves to ask the simple question, "What is a dollar?"
It's worth more than $20.12 in Face Value of Federal Reserve Notes; it only costs a stamp to send, and it sends a strong message of peace and liberty. Why not send a dollar (the cold, hard, silver kind not the empty paper promises proffered by the Federal Reserve), the value of which our founding fathers wrote about in the bill of rights in the seventh amendment; to show support for constitutional money? Do your part, tell everyone, invite them to join in a celebration of the vision of an honest monetary system by sending in a real dollar for the "Real Money Bomb" on April 13th, 2011 for Thomas Jefferson's Birthday.
Here is my letter I am sending along with my coin (a Peace Dollar).
Liberty PAC
P.O. Box 602
Lake Jackson, TX 77566
Dear Liberty Political Action Committee,
Enclosed is a dollar, worth over $26 of face value in Federal Reserve Notes. Please use it to help Ron Paul educate people about the difference between dollars and promises to pay dollars i.e. banknotes, bank account balances, and other debt instruments denominated in dollars. This will be the best way to promote the ideals of LIBERTY and PEACE that are minted on this coin and symbolized by lady liberty’s face.
Yours in Freedom,
Graham
P.S. Please see Thomas Jefferson’s 1784 “Notes on the Establishment of a Money Unit and of a Coinage for the United States” available online through the library of congress(Click here to see actual manuscript) where he stated clearly that "A Dollar is a known coin", and that
"If we determine that a dollar shall be our unit we must then say with precision what a dollar is" For a more comprehensive treatise on the subject read "What is a dollar" by Edwin Vieira)
Check this video out with Adam Kokesh Promoting a similar "Real Money Bomb" Link Adam Kokesh Real Money Bomb
Link Another Adam Kokesh Real Money Bomb video
Can you spare a dollar?
Do you know what a dollar is?
Do you have a dollar?
Will you put real cold hard cash on the line and take a stand for constitutional currency?
In case you don't know, a dollar is a silver coin, always has been and always will be. Federal Reserve Notes and bank account balances are simply debt instruments denominated in dollars, but the debtors (the banks) are bankrupt and refusing to pay their obligations in specie so their promises to pay are worth less than 4 cents on the dollar (and falling fast). Take a stand and show your support for an honest monetary system by participating in a "Real Money Bomb" on April 13th, 2011 for Jefferson's Birthday.
Lady Liberty wants you to inform and educate people about this knowledge; it can and will bring Peace and Prosperity if each and every one of us takes it upon ourselves to ask the simple question, "What is a dollar?"
It's worth more than $20.12 in Face Value of Federal Reserve Notes; it only costs a stamp to send, and it sends a strong message of peace and liberty. Why not send a dollar (the cold, hard, silver kind not the empty paper promises proffered by the Federal Reserve), the value of which our founding fathers wrote about in the bill of rights in the seventh amendment; to show support for constitutional money? Do your part, tell everyone, invite them to join in a celebration of the vision of an honest monetary system by sending in a real dollar for the "Real Money Bomb" on April 13th, 2011 for Thomas Jefferson's Birthday.
Here is my letter I am sending along with my coin (a Peace Dollar).
Liberty PAC
P.O. Box 602
Lake Jackson, TX 77566
Dear Liberty Political Action Committee,
Enclosed is a dollar, worth over $26 of face value in Federal Reserve Notes. Please use it to help Ron Paul educate people about the difference between dollars and promises to pay dollars i.e. banknotes, bank account balances, and other debt instruments denominated in dollars. This will be the best way to promote the ideals of LIBERTY and PEACE that are minted on this coin and symbolized by lady liberty’s face.
Yours in Freedom,
Graham
P.S. Please see Thomas Jefferson’s 1784 “Notes on the Establishment of a Money Unit and of a Coinage for the United States” available online through the library of congress(Click here to see actual manuscript) where he stated clearly that "A Dollar is a known coin", and that
"If we determine that a dollar shall be our unit we must then say with precision what a dollar is" For a more comprehensive treatise on the subject read "What is a dollar" by Edwin Vieira)
Check this video out with Adam Kokesh Promoting a similar "Real Money Bomb" Link Adam Kokesh Real Money Bomb
Link Another Adam Kokesh Real Money Bomb video
