Ron Paul: Rick Perry Is “Politically Astute” on Federal Reserve and Secession




Transcript

Larry Kudlow: For an exclusive interview, Texas Republican Congressman Ron Paul, who by the way, is not only a presidential hopeful, but finished a very close second in the recent Iowa straw poll. Congressman Paul, as always Sir, welcome back to the program. I want to get your take on what Governor Rick Perry said today. “Almost treacherous or treasonous” regarding Ben Bernanke. What’s your thoughts, Sir?

Ron Paul: Those are pretty strong words. But you know, the founders felt pretty strongly about counterfeiting. I wouldn’t call it treasonous but I would call what our Federal Reserve does morally equivalent to counterfeiting because they create money out of thin air and they give us our problems.

In 1792, when they had the first Coinage Act, they thought so strongly about this issue, they invoked a death penalty for people who were counterfeiters. So, they never liked this idea of counterfeiting. And they did not believe we had the right to emit bills of credit. So, I like this issue. To me, the fascinating thing is that the Governor comes into the race, he gets a lot of attention. And on the first day out, they ask him about the Federal Reserve. This hasn’t been done, maybe ever. So, I would say monetary policy…

Larry Kudlow: So, monetary policy is front and center in this presidential race, which is probably where it ought to have been. Now, you, Sir, have always been a strong opponent of devaluation and money printing. Is Governor Rick Perry onto something here?

Ron Paul: I think, politically, he’s pretty astute. He came out for secession too when he had a Tea Party candidate running against him. So, no, he’s pretty good. But I have no idea what his monetary policy issues are, what is real principles are. But I do know that the fact that he came out and didn’t say: “Hey, lay off the Fed. The Fed’s my friend.” Which means it’s a turning on this whole issue of monetary policy. And you’re right. I was motivated in the 1970s because the handwriting was written on the wall for me forty years ago. We just sort of celebrated that date forty years ago when the Bretton Woods ended. So, that was a signal to me that the dollar was doomed.

Just look now: it used to be 1/35th of an ounce of gold, now it’s almost 1/1800th of an ounce of gold. So, we have a very weak currency and, Larry, I agree with you wholeheartedly. You need a strong currency. This whole idea that a weak currency is healthy for the economy – you need a strong currency but you need to invite capital. If you’re not going to allow the press to mess up the deal with capital and pretend they can get capital out of a printing press, you got to get our capital back home. Which means you’ve got to get rid of these taxes on capital. And then I think we could thrive again. But we’re not on the verge of doing it.

But I think we’re going in the right direction because we are talking about reducing capital gains taxes and taxes on corporations. Texas has done better because we’ve never had an income tax on our corporations. They’re all for individuals and I think that’s very, very good.

Larry Kudlow: And, Congressman, let me just ask you. Another one of your opponents in the presidential sweepstakes is Governor Mitt Romney. Now, I’m not taking sides here. I just want to note, when I interviewed Governor Romney back in April, I asked him specifically about Federal Reserve policies, about QE2, and I asked him about dollar depreciation. I played the clip earlier, I’m sorry you missed it. But Mr. Romney, Governor Romney, defended Ben Bernanke. What’s your comment on that?

Ron Paul: Well, that would tell you where he’s coming from as a very establishment economic position. And, therefore, he wouldn’t be arguing the case for hard money, or sound money, or a strong currency. But that view may change, who knows. I think the country is changing. And they’re putting more emphasis on monetary policy. And eventually they’re going to come around to believing a strong currency is the most important. But I don’t know. I’ve never discussed it with Mr. Romney about his monetary policies.

Larry Kudlow: All right, Congressman Ron Paul. We appreciate you…

Likes(0)Dislikes(0)

94 Comments:

  1. "Note at 0:20: "The words of Rick Perry, ALMOST TREACHEROUS OR TREASONOUS."

    So as we all know, this proves here that the media has its own version of American history, where George Washington formed a nation in 1776 or whatever.
    Right-- and General Custer had the First Thanksgiving at Little Big Horn!

    In the REAL world, the states formed a union of INDIVIDUAL SEPARATE nations, and ratified the Constitution by SECESSION form that Union!
    So it was LINCOLN who was "treacherous and treasonous!"

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  2. "Note at 0:20: "The words of Rick Perry, ALMOST TREACHEROUS OR TREASONOUS."

    So as we all know, this proves here that the media has its own version of American history, where George Washington formed a nation in 1776 or whatever.
    Right-- and General Custer had the First Thanksgiving at Little Big Horn!

    In the REAL world, the states formed a union of INDIVIDUAL SEPARATE nations, and ratified the Constitution by SECESSION form that Union!
    So it was LINCOLN who was "treacherous and treasonous!"

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  3. "Note at 0:20: "The words of Rick Perry, ALMOST TREACHEROUS OR TREASONOUS."

    So as we all know, this proves here that the media has its own version of American history, where George Washington formed a nation in 1776 or whatever.
    Right-- and General Custer had the First Thanksgiving at Little Big Horn!

    In the REAL world, the states formed a union of INDIVIDUAL SEPARATE nations, and ratified the Constitution by SECESSION form that Union!
    So it was LINCOLN who was "treacherous and treasonous!"

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  4. Yet here you are doing exactly what you hate about Ron Paul supporters. Maybe you should take a look at demographics. Youths tend to be more attracted to the candid Ron Paul. Most internet users are youths. Maybe you should look at the poll numbers this way: People who support Ron Paul are more active in politics. It's one thing to stay at home and youtube smarmy remarks, and another to actually go out there and do something.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  5. They are polar opposites. They do have one thing in common - they'll both be on your ballot next year.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  6. They are polar opposites. They do have one thing in common - they'll both be on your ballot next year.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  7. Me too, Mitt Romney.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  8. Ron Paul is a fine man with great ideas. His supporters, however, are the biggest trolls on the planet. Mitt Romney's facebook page is full of haters who post pro Paul stuff. I guess those of us who support Romney actually work for a living and don't have time to inflate polls, claim media bias and flame anyone who doesn't agree as "idiotic."

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  9. Neither of them are idiots. Why the vitriol? Can their not be a civil discourse??

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  10. It will make me laugh when the 8% of GOPer's (about 2% of the country) who support Ron Paul line up to vote for Mitt Romney. Paul's biggest liabilities are the crazies who support him. I will grant that I support 80% of Paul's ideology but he has as much chance of being elected President as being struck by lightning.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  11. In 1866, America included 'In god we trust" on the currency. I'm an athiest, so who am I supposed to believe in..."Bernanke"? You must be fuckin kidding me!!
    Ron Paul 2012!!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  12. I sometimes wonder why liberal channels demagouge Ron Paul's Ideas

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  13. RON PAUL IS A GLOBAL CANDIDATE

    It's not enough to say "Vote Ron Paul"

    PEOPLE NEED TO SWITCH PARTIES 12 WEEKS IN ADVANCE OF THE PRIMARIES IN MOST STATES.

    IF YOU DO NOT SWITCH IN TIME YOU CANNOT VOTE IN PRIMARY.

    IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.

    IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE VOTE VOTE ! PLEASE !

    Copy and paste this everywhere, and vote up

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  14. RON PAUL IS A GLOBAL CANDIDATE

    It's not enough to say "Vote Ron Paul"

    PEOPLE NEED TO SWITCH PARTIES 12 WEEKS IN ADVANCE OF THE PRIMARIES IN MOST STATES.

    IF YOU DO NOT SWITCH IN TIME YOU CANNOT VOTE IN PRIMARY.

    IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.

    IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE VOTE VOTE ! PLEASE !

    Copy and paste this everywhere, and vote up

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  15. It's not enough to say "Vote Ron Paul"

    PEOPLE NEED TO SWITCH PARTIES 12 WEEKS IN ADVANCE OF THE PRIMARIES IN MOST STATES.

    IF YOU DO NOT SWITCH IN TIME YOU CANNOT VOTE IN PRIMARY.

    IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.

    IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE ! PLEASE !

    WE NEED EVERY LAST VOTE ! Copy and paste this!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  16. It's not enough to say "Vote Ron Paul"

    PEOPLE NEED TO SWITCH PARTIES 12 WEEKS IN ADVANCE OF THE PRIMARIES IN MOST STATES.

    IF YOU DO NOT SWITCH IN TIME YOU CANNOT VOTE IN PRIMARY.

    IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.

    IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE ! PLEASE !

    WE NEED EVERY LAST VOTE ! Copy and paste this!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  17. It’s not enough to say “Vote Ron Paul”

    PEOPLE NEED TO SWITCH PARTIES 12 WEEKS IN ADVANCE OF THE PRIMARIES IN MOST STATES.

    IF YOU DO NOT SWITCH IN TIME YOU CANNOT VOTE IN PRIMARY.

    IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.

    IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE ! PLEASE !

    WE NEED EVERY LAST VOTE ! Copy and paste this!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  18. The Media's Tactic Never Changes .. They IGNORE IGNORE IGNORE until they Absolutely HAVE TO COVER HIM .. And the Few Times they Actually Cover him they ATTACK ATTACK ATTACK him ..

    Don't Believe the Media Lies! Ron Paul is coming in 2nd and 3rd in Every Major Poll, Register Republican to Vote in your Local Primaries, Tell Everyone Else you Know to do the Same, Donate to the Campaign!

    Lets Restore the Republic!! Vote Ron Paul 2012!!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  19. EVERYONE WANTS TO BE RON PAUL! WATCH THEM ALL PARROT HIS TALKING POINTS! WHAT A JOKE .. RON PAUL IS THE REAL DEAL DON'T BE FOOLED! VOTE RON PAUL 2012!!!

    One Huge Reason Ron Paul is so Popular and His Message Resonates with so Many People Across this Great Nation is that His Passion for the Truth and His Conviction to Principle Shines Through.

    DubyaDubyaDubya(DOT)RonPaul201­2(DOT)Com

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  20. This man has my heart

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

Leave a Reply

Your email address will not be published. Required fields are marked *


four × 7 =

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>