Comments on: What Barney Frank Really Said About HR 1207 http://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/ Ron Paul is America's leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies. The Ron Paul Revolution continues. Sun, 21 Mar 2010 06:08:07 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: GERMANICUShttp://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/comment-page-1/#comment-54460 GERMANICUS Sat, 05 Dec 2009 00:02:36 +0000 http://www.ronpaul.com/?p=3787#comment-54460 SEAN, WOULD YOU PLEASE TELL ME WHERE THE FEDERAL RESERVE BORROWS THE MONEY FROM FOR THE GOVERNMENT? EVER HEARD OF FIAT MONEY? THE PRIVATE FED JUST DEBITED THE ACCOUNT OF OUR US GOVERNMENT FOR EXAMPLE WITH $ 85 BILLION WHICH THE GOVERNMENT THEN USED TO BAIL OUT AIG. REMEMBER NO MONEY PILES SHIFTED HANDS HERE. AIG NOW RECENTLY PAID THE GOVERNMENT PART OF THIS MONEY BACK IN REAL MONEY, NOT BOGUS MONEY WHICH THE FED INITIALLY CREATED OUT OF THIN AIR. NOW YOU TELL ME, WHAT WAS THE INTEREST RATE ON THIS "LOAN" FROM THE FED TO THE GOV.? THE ZIONIST (AS PRIME OWNERS OF THE CENTRAL BANKS)HAVE BEEN MILKING THE US EVER SINCE 1913 IN THIS FASHION. IT IS TIME WE ABOLISH THEM. SEAN, WOULD YOU PLEASE TELL ME WHERE THE FEDERAL RESERVE BORROWS THE MONEY FROM FOR THE GOVERNMENT?
EVER HEARD OF FIAT MONEY?
THE PRIVATE FED JUST DEBITED THE ACCOUNT OF OUR US GOVERNMENT FOR EXAMPLE WITH $ 85 BILLION WHICH THE GOVERNMENT THEN USED TO BAIL OUT AIG. REMEMBER NO MONEY PILES SHIFTED HANDS HERE. AIG NOW RECENTLY PAID THE GOVERNMENT PART OF THIS MONEY BACK IN REAL MONEY, NOT BOGUS MONEY WHICH THE FED INITIALLY CREATED OUT OF THIN AIR.
NOW YOU TELL ME, WHAT WAS THE INTEREST RATE ON THIS “LOAN” FROM THE FED TO THE GOV.?
THE ZIONIST (AS PRIME OWNERS OF THE CENTRAL BANKS)HAVE BEEN MILKING THE US EVER SINCE 1913 IN THIS FASHION.
IT IS TIME WE ABOLISH THEM.

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]]> By: Chris Huffhttp://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/comment-page-1/#comment-39565 Chris Huff Mon, 14 Sep 2009 14:54:02 +0000 http://www.ronpaul.com/?p=3787#comment-39565 You guys missed a bit of the transcripting.. I'll fill in each of your discernible [...] spots:"[...] while I really disagree..." (applause is too loud) "...and we did get some of it. [Here's what we plan to do:]" "They had the power to [deal with] overdrafts." "...in every case after we started [the Fed did.]" "We also [think,]" "[Again Ron] agrees with that..."Feel free to go back and fill those in. You guys missed a bit of the transcripting.. I’ll fill in each of your discernible [...] spots:

“[...] while I really disagree…” (applause is too loud)
“…and we did get some of it. [Here's what we plan to do:]”
“They had the power to [deal with] overdrafts.”
“…in every case after we started [the Fed did.]”
“We also [think,]”
“[Again Ron] agrees with that…”

Feel free to go back and fill those in.

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]]> By: seanhttp://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/comment-page-1/#comment-36662 sean Wed, 02 Sep 2009 05:12:39 +0000 http://www.ronpaul.com/?p=3787#comment-36662 There are only a fraction of actual dollar bills in our economy. That is all the Fed is responsible for.. 2% There are only a fraction of actual dollar bills in our economy. That is all the Fed is responsible for.. 2%

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]]> By: seanhttp://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/comment-page-1/#comment-36660 sean Wed, 02 Sep 2009 05:06:20 +0000 http://www.ronpaul.com/?p=3787#comment-36660 The government doesn't have unlimited monetary policies. 98% of all money comes from banks, not the fed. It comes from promissory notes. Maybe your mind can't comprehend that.The fed borrows money that the congress votes on. The fed also makes money from interest rates to keep for reserves if a bank were to fail. That was the reason why they were first created. The federal reserve doesn't create money. They print money for the banks to use but paper money is chump change compared to digital money. The government doesn’t have unlimited monetary policies. 98% of all money comes from banks, not the fed. It comes from promissory notes. Maybe your mind can’t comprehend that.

The fed borrows money that the congress votes on. The fed also makes money from interest rates to keep for reserves if a bank were to fail. That was the reason why they were first created. The federal reserve doesn’t create money. They print money for the banks to use but paper money is chump change compared to digital money.

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]]> By: Nate Yhttp://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/comment-page-1/#comment-36636 Nate Y Wed, 02 Sep 2009 03:02:14 +0000 http://www.ronpaul.com/?p=3787#comment-36636 Incorrect. Completely incorrect and it clearly demonstrates your absolute ignorance with regard to the Constitution.Seriously dude, why would the framers of a constitutional REPUBLIC grant unlimited monetary powers to the central (federal) government? The whole point of a constitutional republic is to check and limit central authority. The founders very well knew the destructive consequences of such a power and drafted the Constitution in a manner so as to prevent it. Unfortunately, the people have been complacent instead of vigilant and others (like you) have abused the language of the Constitution so severely that it has essentially lost all meaning. Incorrect. Completely incorrect and it clearly demonstrates your absolute ignorance with regard to the Constitution.

Seriously dude, why would the framers of a constitutional REPUBLIC grant unlimited monetary powers to the central (federal) government? The whole point of a constitutional republic is to check and limit central authority. The founders very well knew the destructive consequences of such a power and drafted the Constitution in a manner so as to prevent it. Unfortunately, the people have been complacent instead of vigilant and others (like you) have abused the language of the Constitution so severely that it has essentially lost all meaning.

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]]> By: seanhttp://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/comment-page-1/#comment-36628 sean Wed, 02 Sep 2009 02:29:48 +0000 http://www.ronpaul.com/?p=3787#comment-36628 The only thing the STATES can make legal tender is gold or silver. The FEDERAL government can make whatever legal tender. The only thing the STATES can make legal tender is gold or silver. The FEDERAL government can make whatever legal tender.

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]]> By: seanhttp://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/comment-page-1/#comment-36625 sean Wed, 02 Sep 2009 02:20:29 +0000 http://www.ronpaul.com/?p=3787#comment-36625 "No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts."The key word is "state." That means that the states can't write laws of tender unless it is based on that of gold and silver. The states didn't write our legal tender laws, the federal government did.This law prohibits the states from enforcing their own currency upon the people, unless it is of gold and silver. We have gone over this. I even showed you where the author of the constitution says that states shouldn't be able to create their own money because it would lead to unfair commerce and trade between states. Therefore, if the states are going to make money, it must be of gold and silver to make fair trade. “No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts.”

The key word is “state.”
That means that the states can’t write laws of tender unless it is based on that of gold and silver. The states didn’t write our legal tender laws, the federal government did.

This law prohibits the states from enforcing their own currency upon the people, unless it is of gold and silver. We have gone over this. I even showed you where the author of the constitution says that states shouldn’t be able to create their own money because it would lead to unfair commerce and trade between states. Therefore, if the states are going to make money, it must be of gold and silver to make fair trade.

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]]> By: Nate Yhttp://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/comment-page-1/#comment-36617 Nate Y Wed, 02 Sep 2009 01:54:32 +0000 http://www.ronpaul.com/?p=3787#comment-36617 No. It is not a question of belief. We can simply read exactly what the Constitution says. That Congress has the power to COIN money and that only gold/silver are to be legal tender in payment of debts.http://www.honestmoneyreport.com/archives/2008/0304.pdf No. It is not a question of belief. We can simply read exactly what the Constitution says. That Congress has the power to COIN money and that only gold/silver are to be legal tender in payment of debts.

http://www.honestmoneyreport.com/archives/2008/0304.pdf

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]]> By: seanhttp://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/comment-page-1/#comment-36614 sean Wed, 02 Sep 2009 01:45:15 +0000 http://www.ronpaul.com/?p=3787#comment-36614 So do you believe that the constitution says that only the congress can create money, that of gold and silver? So do you believe that the constitution says that only the congress can create money, that of gold and silver?

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]]> By: Nate Yhttp://www.ronpaul.com/2009-08-31/what-barney-frank-really-said-about-hr-1207/comment-page-1/#comment-36607 Nate Y Wed, 02 Sep 2009 01:35:39 +0000 http://www.ronpaul.com/?p=3787#comment-36607 What on earth? You've completely lost your mind. What on earth? You’ve completely lost your mind.

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