In re the Fed Bailout - Ron Paul on Fox Business News - 09-24-08
Pisano
Ron Paul on Fox Business News - 09-24-08:
http://www.youtube.com/watch?v=TlgByE1jDRA
=-=
"Rights belong to individuals, not groups. Property should be owned
by
people, not government. All voluntary associations should be
permissionable -- economic and social. The government's monetary role
is to maintain the integrity of the monetary unit, not participate in
fraud. Government exists to protect liberty, not to redistribute
wealth or to grant special privileges. The lives and actions of
people
are their own responsibility, not the government's."
The Ron Paul Freedom Principles
Pisano
<jgra...@pioneernet.net> wrote:
>Ron Paul is a liar. As a member of the House Finacial Services
>Committee he has received a total of $50,054,595 in donations from
>Financial Services companies.
>All Ron Paul protected was his political base. He was asleep at the
>hen house door as our money floated away.
Bullshit. The amount you quote is his TOTAL receipts of
campaign contributions from ALL sources (and mainly individual
contributors) from the entire span of his political career from
1989-2008, that' NINETEEN YEARS which includes TEN campaigns for
Congress, and TWO campaigns for President. He did NOT receive all of
that money from "Financial Services companies". Don't be absurd.
http://www.opensecrets.org/politicians/summary.php?cid=N00005906&cycle=Career
YOU are the liar, "Jack G.", NOT Ron Paul.
Please go to Hell now. :)
=-=
". . . By increasing the supply of money, the Federal Reserve
lowers the value of every dollar that already exists. If the supply
of Mickey Mantle baseball cards were suddenly to increase a
millionfold, each individual card would become almost valueless. The
same principle applies to money: the more the Fed creates, the less
value each individual monetary unit possesses. When the money supply
is increased, prices rise - with each dollar now worth less than
before, it can purchase fewer goods than it could in the past. . . .
History bears this out. An item that cost $100 in 1913 (when
the Federal Reserve Act was passed) would cost $2014.81 in 2006. An
item that cost $100 in 2006 would have cost $4.96 in 1913. As we can
see, the dollar has lost nearly all its value since the Fed was
established. Now, if the gold standard had brought about such an
outcome, we would never hear the end of all the howls of outrage. But
the Fed does it and . . . utter silence. The Fed has managed to
insulate itself from the kind of criticism that is normally directed
at all other institutions that harm Americans."
Ron Paul
From, "The Revolution - A Manifesto"