Ron Paul
The Congressman said that Greenspan and Bernanke should be criminally charged but that such an effort would be largely symbolic. “Morally speaking, they’re the culprits,” said Paul.
Speaking on The Alex Jones Show, Paul said of the bailout, “They want dictatorship, they want to pass all the penalties and suffering on to the average person on Main Street,” adding, “We will have a depression or recession, it’s locked in place due to previous Federal Reserve actions.”
“When they say that if we don’t do exactly as they say and turn over more of our money and more of our liberties and exempt themselves from any court in the whole nation, they’re trying to intimidate us and lead us into doing the wrong thing,” said Paul.
The Congressman added that serious problems would arise if nothing was done to address the problem, but that more serious consequences would follow should the bailout be passed.
Paul warned that the only question was whether the meltdown would last one year or ten years and how much liberty would be lost in that time frame.
“It looks like from I see in Congress, that they’re opting for a decade plus of depression rather than saying let’s correct our ways, let’s balance the budget, let’s bring our troops home,” said Paul, adding that the same course of printing money would continue - prolonging the agony and preventing a necessary correction.
Asked if civil unrest was a possibility in the midst of an economic depression, referencing a recent Army Times report concerning the use of active duty military being brought back from Iraq for “Homeland patrols” and “crowd control,” Paul questioned, “Are we going to have martial law or are we going to have more freedoms? The more problems that we have, the more likely it is that we’re going to have martial law, so I do think they anticipate and they plan for these things.”
Asked if criminal investigations and prosecutions of individuals on Wall Street should commence, Paul agreed but said that the main target of criminal inquiry should be the Federal Reserve board itself because, “That’s where the fraud is.”
“They want to be lawless, they don’t want to be held accountable,” he added.
Paul said that grand juries should be convened to take on prosecutions rather than the FBI becoming involved, stating, “We have proper authority with that and experience with it and the Enron case is a good example.”
The Congressman said that Greenspan and Bernanke should be criminally charged but that such an effort would be largely symbolic. “Morally speaking, they’re the culprits,” said Paul.
Asked what his solution to the crisis would be, Paul said, “I think the most important thing to do is to send the message that we’re going to quit living beyond our means and the president can set the standard for that and he has the most control under the Constitution on foreign policy - he can say no more wars, we’re done with the wars, we’re not going to take on the Russians, we’re not going to take on people in Venezuela, we’re going to start talking to the Cubans and bring our troops home and save hundreds of billions of dollars - that would send a powerful message that the dollar would respond to and oil prices would come down.”
Paul said that Americans had to accept a new idea of government that harked back to what the founders envisaged and that the welfare state would have to unravel along with aspirations of building a geopolitical empire.
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- skyaddicted
- added this
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Amen.
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Why is it that the people that never saw this mess coming are still considered the "experts", and the people who have been predicting it for years are largely ignored?
Perhaps in 2012 the American people will be ready to listen to a politician that actually understands economic matters.
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Dr. Paul has warned about this economic perfect storm for a long time. No one wants to hear about it when they are suffering as a result of not heeding the warning.
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- glabadabadoo
- 1 year ago
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Ron Paul has been getting lots of media attention lately, and i'm liking everything he has been saying. His ideas are the only ideas that are different from the repubs and dems, and they are all to benefit the taxpayer in a time of smoke-screen crisis.
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Peter Schiff (Ron Paul's economic advisor) appeared on Fox News’ “Bulls and Bears” on December 16, 2006, and warned about the future of the economy. Playing fast and loose with money and endlessly borrowing would come back to haunt us, he said.
He was overwhelmingly laughed at for his assertions. “Our housing market is great!”, they proclaimed, fighting through fits of giggling.
I would ask the clichéd question, ‘Who’s laughing now?”, but the sad fact is that no one is laughing about the economy anymore.
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I cant wait to vote for Ron Paul
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- guitar1100
- 1 year ago
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Ron Paul is right, but I still don't hear any talk of reality in the media. I can agree with Ron Paul's economic philosophy and stance until the cows come home, but until the majority of Americans, who only listen to soundbites and read headlines, hear and see such things nothing will change and our county will continue to be demolished. Current is great for us that seek more truthiness in our daily lives but what about the majority of Americans who eat what they are fed?
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- Permofryed
- 1 year ago
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Everyone should sign up for the Ron Paul mailing list.
He's been sending a lot of e-mails lately. -
It's time to honor our founding fathers wishes and get rid of the privately held and non accountable central bank called The Federal Reserve and bring the money back into the peoples hands with a governmental central bank with full accountability.
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- Thomas_Morse
- 1 year ago
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What more can anyone say?? This is just like the Enron scandal just its nationwide this time. These people need to be prosecuted, not "bailed out". Never before have I seen a CEO get a reward for putting a company under.
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- regjoeschmo
- 1 year ago
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What would happen if we let these companies fail; and give this money to the people (i.e. Economic Stimulus Redux).
Forget our economy being saved by a bailout let it be save by a richer taxpayer.
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- iDesignMotion
- 1 year ago
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The more I read about Ron Paul, the more I wonder what did people see in McCain?
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- oracleruby
- 1 year ago
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put the criminals in jail and put the defenders of freedom and liberty (Ronn Paul) in the White House!
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- ron_pual_2008
- 1 year ago
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Ron Paul is the man!
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- asinine_cloud
- 1 year ago
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Check this out!!
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best advice i have heard in what??????? 8 years except nobody is listening
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- charleskaj
- 1 year ago
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RON PAUL RON PAUL RON PAUL RON PAUL!
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- bobdobalina
- 1 year ago
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Ron Paul continues to be the voice of reason in this otherwise joke of a political season. I agree that he has been telling the same warnings for years, and the sh*t is gonna hit the ceiling any day now. We were warned. History will prove that he was right all along.
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- butter_me_up
- 1 year ago
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Good for Ron Paul - and he is right!
The 85 Billion dollar bailout of AIG could be better used by giving every American over 18 years old some 400,000.00 + dollars - the rough equivalent.
Think about that! If housing Americans is important, if health care is important, if keeping the economy going is important - why not give it to the people who not only need it, but who will also use it for those very things and whose pockets it came out of!
Talk about stimulating the economy and meeting the needs of American's at the same time. We'd have to implement a freeze on pricing across the board to prevent those many unscrupulous greedy bastards from taking advantage of Americans as they have already clearly been doing.
Now, let's talk about the $700 Billion to bailout a company that's been racking in OUTRAGEOUS profits for decades (all the money comes out of our pockets and flows into theirs).
If the US government, for the people, by the people gave $700 Billion of TAX PAYER money back to TAX PAYERS - we'd have some $5,000,000.00 each on top of the nearly half million we shouldn't give to AIG!
It's our money - the people's money. Corporations are nothing more than a non-person entity. Why give it to ultra wealthy shareholders so they don't loose on their investment while we face ever increasing higher costs of living?
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- VoyagerFilms
- 1 year ago
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It true, Ron Paul knows what he is talking about.
Too bad no one is paying attention.
Too bad CurrentTV won't cover a story like this.
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People are getting the message.
More and more people ARE waking up, thanks to men like Ron. -
It became clear to me that Dr. Paul is the only person in Washington who uses logic in his thinking.
He truly understands the big picture and has nothing but common sense.
The man is a genius.
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- libertysean
- 1 year ago
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