Ron Paul on the Alex Jones Show

Part 1:

Part 2:

Show: Alex Jones Show
Date: 3/10/2009


Alex Jones: Ron Paul, who is up there on the Hill today, is a very busy man. And everything he talked about for 30 years is unfortunately unfolding, so his credibility is at the gold standard right now as the mainstream is forced to check into the facts that he has been laying out.

I wanted to talk to him about the deepening depressionary system we are going into. What the private Federal Reserve is up to and his bill to abolish it and how we can support that.

Congressman, thank you for coming on.

Ron Paul: You’re welcome. Good to be with you.

Alex Jones: Every few weeks they come before the banking committee and you bring up the fact that what they are doing is destroying us. What do we need to do to bring the private Federal Reserve under control?

Ron Paul: Well, there has to be an uprising by the people. There has to be enough people who will demand that their Congressmen respond, and that is building. You know, a year or two ago nobody in Washington even thought about the Federal Reserve. Today there is a lot more thinking going on and a lot more support for our position. So it is growing. And yet, we’re not on the verge of changing it. I have the bill to get rid of the Federal Reserve, that’s the major step and the ultimate step and they’ll probably self-destruct before we actually pass legislation.

But the bill that is more important in the short run is the auditing bill, the 1207 bill, because that means they have to start answering our questions. Today they are protected. They are in total secrecy and they are protected by the law. If 1207 is passed we have an audit and they have to answer the questions. And I figure if we ever get that far and get the exposure and get the transparency that we need, then people will wake up and realize, “why do we have them at all?”

Alex Jones: Senator Sanders grilled them, as you know, last week saying that he is supporting 1207 or a version in the Senate because, Bernanke, the private Fed chief just said, “I’m not going to tell you where the money, buddy.” I mean, that’s amazing to see our elected Congress, the most powerful branch of the government according to our founders, being told to kiss off.

Ron Paul: Right, and I know Sanders real well. He was on the banking committee with me before he went into the Senate, and I called him after that, and I believe he has now introduced my version of the transparency bill and I’ve introduced his version. So both bills exist. Mine is a little bit more conclusive, in that it removes the total authority for them to not answer questions. His is specifically designed to answer certain questions and reveal where certain trillion dollars went. They are very similar, but somewhat different in nature, so we both support each other’s bill and they’ve been introduced in both chambers.

Alex Jones: Well, public support for this and the majority of the Congress itself are saying they are angry, they don’t know where the money is and Bloomberg sued to find out and he’s been told No on their foyer. If this gets media attention I can see now way that Congress wouldn’t vote for a proper audit of the private Federal Reserve.

Ron Paul: They’re going to, if we can get it that far. It’s a good issue, like so many of our issues, we bring different many factions together, liberals and conservatives, under the constitution. Because, if you’re a good honest liberal like Bernie Sanders, he is an honest person but is very, very liberal. He calls himself a socialist, but he agrees on the transparency issue.

So this whole idea that we expose them to bring populists, libertarians, constitutionals, liberals, socialist all together and think, “If we can’t do this, what’s left of representative government? There’s nothing left.” So it’s a good unifier, I think it’s a great issue.

Alex Jones: Bloomberg reports 9.7 trillion has disappeared in one form or the other just out of the U.S. and another 10 trillion globally, and now Larry Summers is saying they want more money, they want more unlimited cash?

Ron Paul: That’s what they’re doing. They keep coming back and what’s the argument you hear up here is this argument… I know there’s some disagreement even in our circles… this whole idea of earmarks. They’re dealing with these 1% of earmarks, if you vote against them all you don’t cut 1 penny of spending and they’re talking about that endlessly and they’re holding up the bill in the Congress about this so called issue. At the same time, this number that you mentioned, the9.7 trillion dollars, we need to earmark every penny of that.

Alex Jones: Stay there, Congressman, stay there. Ok, Congressman, we had to take a hard break there because the satellites are syndicated, sorry for interrupting you. You were getting into the 9.7 trillion that’s disappeared into a black hole. Not 700 billion which they said was just a really number they picked. And then you got cut off by the break. Go ahead.

Ron Paul: Yea, I was talking about the need to monitor everything that we do and the transparency. Too often people concentrate on a non-issue which is 1% of the budget called earmarks. Even if you eliminate it, it wouldn’t eliminate one penny. The real earmarks need to be done on, like say, the TARP funds. We gave the Treasury 350 billion dollars and then another 350 billion dollars and there are no instructions, no earmarks. The Congress needs to have more responsibility and more earmarks. Of course, all the spending should be voted down, but when they do spend we ought to know where the money is going.

But the largest amount, of course, is the Federal Reserve. They’re totally off budget. They’re like a government onto itself. They can create trillions. It’s probably 8 or 9 or 10 trillion dollars that they have been involved in and they have no legal responsibility to answer any of our questions. And that, of course, is what Bernie Sanders and I have been working on, he in the Senate and me over in the House, to try and get legislation passed and I think even he indicated that it ought to be a very popular thing to bring all these factions together and support our position. I can’t imagine any American saying, “Well, create 4, 5 hundred billion dollars or a couple of trillion and you have no responsibility.” I think it should bring everybody together on this issue.

Alex Jones: Is that HR207?

Ron Paul: 1207.

Alex Jones: Okay, HR1207.

Ron Paul: Right.

Alex Jones: I didn’t have the bill in front of me.

Ron Paul: I should have the Senate bill number, but somebody could find that rather easily because we want to help Sanders get support for his bill as well. [S. 513, PDF]

Alex Jones: Absolutely. I’ll google that and give that out after you leave us.

Continuing with the economy…. this is clearly entering depression level. The banks are doing what you said they would do. They are hoarding the money, buying up other good banks. CBS reported that 250 billion of bailout money has gone to the Caymans alone. The biggest names out there, Bernard Madoff, is keeping his 60 million dollar penthouse and mailing golden diamonds out of the country to his family that’s down under in South America. He’s the founder of the NASDAQ. It turns out all these other big banks are involved in similar ponzi schemes.

Shouldn’t we be having criminal investigations of these people instead of the very same banksters now telling us we’re going to have a new bank of the world that we pay carbon taxes to?

Ron Paul: Yes, we should have minimum government, but even in a minimalist government, your government is supposed to deal with theft and physical harm and fraud, and that’s what’s going on and that’s what they ignore, or protect. They’re supposed to protect contracts, but they’re interfering with contracts all the time and trying to tell people exactly what mortgage rates should be and interest rates should be and price fixing and all these things.

But no, I think it’s horrible what they are doing and they are not addressing the subjects that they should. They should be prosecuting these people, these people should be in prison. But, you know, if you go back to ENRON… when that company went bankrupt it was a major event and they claimed up here in Washington that they needed even more regulation, even more SEC agents and we need even more IRS agents. At the same time, he was convicted of fraud under Texas fraud law. He went to prison, you know, and that thing was cleaned up. And the market wiped out the value of the company because it had no value, but what was our response in the Congress? It was to pass Sarbanes-Oxley, more regulations which have actually contributed to some of the weaknesses in the economy.

You just can’t regulate away the mistakes that are made when governments are too much involved with community reinvestment acts and easy money that the Federal Reserve creates. Regulations cannot solve that problem but the purpose of the federal government should be, under these circumstances, to prosecute fraud.

Alex Jones: Well, the Securities and Exchange Commission testified before the Congress almost a month ago; they declared presidential prerogative and executive authority, I guess under national security, to not talk about why for 9 years they were given private investigations detailing Berny Madoff’s crimes. And they kept saying to the Congresspeople, “Well, he hasn’t been convicted, he hasn’t pled guilty.” It’s not alleged, he’s admitted to this.

Ron Paul: Yeah, you know, as bad as the executive branch is, so much of that responsibility falls on the Congress too. I mean, we’re so negligent as to, first of all, allow the executive branch to run roughshot over us. But if we had some people in the Congress that would have a little bit of courage, then they could deal with this and handle it. But no. If they […] national security interests, you know, whether it has to do with torture and secret prisons and prison camps and all those kinds of things, they say, “Ohhh, national security, we can’t interfere with that.” So therefore, the Congress says nothing.

Alex Jones: Specifically, sir, speaking of national security, Obama has said, and here’s the headline, “Obama backs Bush on No Rights for Detainees under Bill of Rights, Constitution or Geneva Convention”. He’s increasing the troops in Afghanistan and he says he is going to keep troops indefinitely, at least 50,000 in Iraq, going back on that promise. He’s declaring a lot of executive privilege that he criticized under Bush and he’s expanding the NORTHCOM, 20,000 troops to patrol America. He’s creating this quasi-governmental

Can you comment on those points of Obama? Many people are saying that it looks like he may be worse than Bush on liberties.

Ron Paul: Yeah, and I don’t hesitate to make that point, especially if I happen to get on a liberal station that might be sympathetic with some of my views but they still like Obama, and they’re still hopeful.

Ron Paul: In a few places I keep my fingers crossed and I say “I hope he does what he said he was going to do”, but early on in Bush’s administration he said we shouldn’t be the policeman of the world or we shouldn’t be involved in nation building like that bad guy Clinton and then he went doing it even more so. I think your concerns are justified, because even though Obama was so called ‘peace candidate’ he was going to bring our troops and end that war in Iraq, I’m afraid there’s evidence now that says he’s going to pursue the same foreign policy, which was my argument during the campaign that no matter what happens both major parties support the same foreign policies, the same monetary policies, the same welfare policies and there’s never really any change. In spite of that, I think it remains to be seen, every once in a while you’ll see at least one or two appointments that Obama has made and you are hopeful that they will become more concerned about our civil liberties, but I don’t think there’s any reason for us to rejoice.

Alex Jones: Well, I mean he’s bringing in all the very Clinton people who are the ones that got rid of the Glass-Steagall Act and others, are literal engineers of what’s happening now with derivatives, and then they’re up there grand-standing as our saviors.

Ron Paul: Yeah, and they’re pursuing all the spending and the secret tax-stuff going on – whether is with Treasury or with the Federal Reserve. And the markets, in spite of how… a lot of people think that markets don’t know what’s going on, the markets are pretty smart, so the fact they’re not responding, in spite of all this stuff the government is doing – every time the government comes up with a new program, the markets even go down more. So, the markets are saying that they are not very happy with the bailouts. They’re not going to solve the problem and the free market people are actually right, because you need liquidation, you need the elimination of the mal-investment. You need to get housing prices down so poor people can buy them and get rid of these 19 milion empty houses. You can’t stimulate housing until these houses are bought and so far they haven’t quite understood that.

Alex Jones: All right Congressman with the four or five minutes we’ve got left I want to blitz trough some quick question for you. I know when you were on Glenn Beck, he said: “I’ve been looking at these camps, is there anything to it?” We have the Houston Chronicle admitting they built Fema camps. We have the bill introduced to build more and then merge the police and local communities in with them. They have signed Pentagon directives, as you know, to use regular army. In Canada they’re announcing they’re gonna use the military and the War War College says the military is preparing to engage the American people. I know you’re informed, because I’ve never talked with you about something that you weren’t informed about. And so, you did said on the show: “Well, the public is worried because Washington is out of control,” but when John Warner Defense Authorization Act and some of the new executive orders that have come out, but also just Pentagon directives, I can pull them. They’re saying: “Governors will be federal officers.” And now, they have marines at check points, looking for drunk drivers in California. I mean, all this is going on sir. So, can you specifically speak to the danger of NORTHCOM taking over or is that not a problem?

Ron Paul: No, I think it definitely is a problem and on a bright side, if we’re looking for one, you should know we have had 20 states now introduce resolutions – they were sick of the feds – and we might have to talk about state sovereignty again. So, it’s a healthy reaction to this. But, yes, we should be concerned, but, because I deal with these people, although I know there is a lot of evil, I also know that the average member of Congress probably isn’t a participant in the grand conspiracy. They’ll come along and say: “Well, all we’re doing is… states are inefficient and private sources don’t work. We gotta provide housing and if there’s housing on a military base. That’s all we’re doing.” And a lot of them will buy into this and they’ll accept it, even though others have other ideas on what’s really going on. But, the whole notion is so dangerous, even if it’s all very well intended. It’s so dangerous, because they want central economic planning. It doesn’t work, so they need authority, they become authoritarians and it’s like… you know what they do when they want to mold personal behavior… they have to police…

Alex Jones: Congressman, you hit the nail exactly on the head. They’re rolling this out like: “Oh, they’ll be emergency medical centers at military bases and a brig for bad people and the army is going have to maintain order” – when the government engineered this economical crisis.

Ron Paul: Yeah, and a lot of people will buy into that, and then to often in the past what happens is it gets to far long and is hard to reverse. But, what we have to do is look on the bright side and to inform people to know what their rights are, to know what the Constitution says, know what the states can do. And I’m delighted that a few states now are standing up and they want to talk about nullification. This is great stuff and it’s perfectly legal and it’s nonviolent, it’s constitutional and if our numbers grow we can do it nonviolently and hope that we don’t get to that point where all the guns are pointed… some Americans are pointing guns at other Americans. That to me would be the worst thing that could happen.

Alex Jones: Congressman, in closing, what are other solutions? I mean, obviously get behind the state sovereignty, the states created the feds, we can bring them to heel, have grand juries move for indictments of these criminal bankers for all their racketeering and ponzi schemes, are that solutions. What are some other solutions, and barring those solutions, how bad do you think the government will wreck the world economy. How bad do you think it’s going to get?

Ron Paul: Well, I think is going to be very, very prolonged. I don’t see any rebound, markets may come back up and that sort of thing. But, to rebound I would expect it to last every bit as long as it happened in the 1930s. And the 1930s [Depression] actually ended up after World War II, when finally the debt was liquidated. After WWII they actually cut spending by two thirds and they cut taxes by one third and we went back to work again. So, it’s going to be a long, long time, but now I think we live in greater danger, because people are more demanding. They believe they have a right to their neighbors’ property and that’s why there’s liable to be violence. But, I think we all have to be prepared. I think we should prepare our families and I think financially, ultimately they’re going to destroy the dollar. I don’t see anything wrong with people believing in the Constitution and following what they thought should be legal tender and owning a few gold coins, a few silver coins and knowing how to defend themselves. That’s what the Founders talked about, but to me, the most important think is that we invest in promoting the right ideas. Promoting ideas of liberty and promoting the rule of law and promoting our Constitution, because I’ve said so many times in the campaign that if we did that, our problems would be solved rather quickly and nonviolently.

Alex Jones: All right, you gotta go. I have one question I forgot to ask. Iran – Israel is saying in their papers, they might go ahead and hit on Iran. Every strategist out there on the left and the right… mainstream says that this could cause World War III. It will definitely cause major economic problems and Iran might actually launch real attacks. I mean, how serious of a situation is that?

Ron Paul: It is and if we believe Obama, he did make an outreach, was including the Iranians in some talks and hopefully that is helpful, but also might be his cover to say that: “Ok, they came in and they didn’t do what we said. Therefore we did our very best and now we’ll have to use some other tactics and maybe acknowledge what Israel might do.” I have no idea what’s going happen. I think the fact that we talked a whole lot about that in the last two years of the Bush administration, had him back off doing anything or Israel backing off. Right now it’s up for grabs, but I believe if that does happen a lot of violence will break out. Look, there’s more violence in Iraq now that there’s been for a year and also Afghanistan is exploding and we’re bombing almost on a daily basis, a routine bais, into Pakistan. And we’re just looking to spread this war, which, of course, I consider the real threat to us all.

Alex Jones: Well, the same time you’ve been out there, front and center. People now know the alternative of liberty. Those can visit the Liberty Committee and get involved or just google the name Ron Paul. In closing, fire out a few of the key websites people can visit to get behind your bill to audit the Federal Reserve?

Ron Paul: The best one’s, you can go from there and support us on that issue, because the members of the Congress and our senators need to know.

Alex Jones: Congressman we’ll talk to you coming up in a month or so. God bless you and say “hi” to the family for me.

Ron Paul: Thank you very much. Bye, bye.

Alex Jones: All right, fantastic! There was Congressman Ron Paul. I skipped the network break, not the station break. Station break’s coming up for everybody in about five minutes. And I skipped the network break so that everybody would have a chance to hear more from Congressman Ron Paul. And he’s just doing a great job. He’s introduced bills that have a good chance of passing if we get behind him to audit the criminals of the Federal Reserve. He said that the criminal bankers need to be indicted by state grand juries and arrested. He’s introduced bills to audit the Federal Reserve, it’s up to like seventy-something sponsors right now. He talked about twenty-something states, it’s more like 32 now, introducing legislation; but he’s always conservative, that’s like a month-old number. I mean, it was just absolutely amazing interview with Congressman Ron Paul. But I’ll tell you where the biggest solution is, and that is with you the American people looking in the mirror. If you want the solution, then you need to simply look in the mirror and realize that we have to go out there and engage in the info war. We have to educate people one mind at a time, give them the red pill, wake them up in the Matrix. And the “Obama Deception” comes out March 15th on DVD and at in super high quality – so you can download it, DivX, burn it to disc, give it to everybody you know. Don’t stand by and wait for others to get it. Okay, and also by purchasing the high quality DVD with the nice-colored cover and all the material (and it’s got the extras on it)… It’s all at, you can watch it online, coming up Sunday. We’ll maybe launch it a few days early – wink, wink – and you can also order the DVD right now at




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