Archive for Monetary Policy


Ron Paul: A Financial PATRIOT Act

by Ron Paul
It has not been a good week for the Republic. It took quite a bit of trampling of the Constitution, but the bailout bill passed, as I suspected it would.
The bailout failed the first time it was brought to the House. Undaunted, the Senate pressed on by attaching the bailout as an amendment [...]

Ron Paul’s Statement on the Passage of the Bailout Bill

United States House of Representatives
Statement on HR 1424
October 3, 2008
Ron Paul
Madame Speaker, only in Washington could a bill demonstrably worse than its predecessor be brought back for another vote and actually expect to gain votes. That this bailout was initially defeated was a welcome surprise, but the power-brokers in Washington and on Wall Street could [...]

Congress Passes Bailout Bill

263 yes - 171 no
YEA: Abercrombie, Ackerman, Alexander, Allen, Andrews, Arcuri, Baca, Bachus, Baird, Baldwin, Barrett (SC), Bean, Berkley, Berman, Berry, Biggert, Bishop (GA), Bishop (NY), Blunt, Boehner, Bonner, Bono Mack, Boozman, Boren, Boswell, Boucher, Boustany, Boyd (FL), Brady (PA), Brady (TX), Braley (IA), Brown (SC), Brown, Corrine, Buchanan, Calvert, Camp (MI), Campbell (CA), Cannon, [...]

Ron Paul to Congress: You’re Going to Guarantee a Depression!

Ron Paul’s address to Congress, Oct. 3, 2008
“Madam Speaker, I rise in strong opposition to this bill, because it won’t solve our problem. It is said that we’re in a liquidity crisis and a credit crunch, and all we need is more credit. The Federal Reserve has already injected over a trillion dollars worth of [...]

A Dark Day For America

The controlled media’s “shock and awe” propaganda blitz and fear mongering campaign had its desired effect: Last night, the Senate passed the Bailout Bill 75 to 24.
See who voted “yes” and “no”:

Alabama

Sessions (R)
No
Shelby (R)
No

Alaska

Murkowski (R)
Yes
Stevens (R)
Yes

Arizona

Kyl (R)
Yes
McCain (R)
Yes

Arkansas

Lincoln (D)
Yes
Pryor (D)
Yes

California

Boxer (D)
Yes
Feinstein (D)
Yes

Colorado

Allard (R)
No
Salazar (D)
Yes

Connecticut

Dodd (D)
Yes
Lieberman (I)
Yes

Delaware

Biden (D)
Yes
Carper (D)
Yes

Florida

Martinez (R)
Yes
Nelson (D)
No

Georgia

Chambliss (R)
Yes
Isakson (R)
Yes

Hawaii

Akaka (D)
Yes
Inouye (D)
Yes

Idaho

Craig (R)
Yes
Crapo [...]

Senate to Revive Bailout Bill Tonight

As predicted earlier this week, the failed bankers and their government enablers won’t take “no” for an answer. Even though the Bailout Bill was soundly defeated by the House on Monday, the Senate still plans to vote on the bill tonight.
How is this even possible?
In circumvention of normal procedures, the Senate merged the Bailout [...]

No Bailout: We The People Prevailed

Victory!

Thanks in no small part to massive public rejection and outcry the “Bailout Bill” was defeated today 228-205.
But the bankers and their allies in Congress won’t take “no” for an answer.
There could be another vote as early as Thursday… so let’s keep up the pressure!

In addition to speaking out against the Bailout Bill [...]

Ron Paul to Congress: Don’t Destroy The Dollar!

The process of this bailout reminds me of a panic-stricken swimmer thrashing in the water only making his situation worse. Even a “bipartisan deal” - whatever that is supposed to mean - will not stop the Congress from thrashing about.
The beneficiaries of the corrupt monetary system of the last three decades are now desperately [...]

Ron Paul on Legal Tender Laws

by Ron Paul
I’ve discussed just a few benefits of sound money in the last two weeks, and contrasted them to the perils of fiat currency. Sound money keeps government spending in check, keeps trade fair and honest, which reduces the temptations, and many underlying causes, for governments to wage wars. It also gives you the [...]

No Amnesty For Wall Street

by Chuck Baldwin

At the time of this writing, the U.S. House and Senate are poised to pass a $700 billion bailout to Wall Street. At the behest of President George W. Bush, the U.S. taxpayers are going to be on the hook for what can only be referred to as the biggest fraud in U.S. [...]