Show: Mike Church Show
Host: Mike Church
Date: 12/9/2009
Transcript
Mike Church: And just as I promised, we have Congressman Ron Paul on the line with us, and we have him for enough time to ask certain questions about what’s going on today here today. Do you have a question for the congressman? 1-866-95-PATRIOT or just send me an email.
Alright. So let me get right to it because time is short here, and I know Congressman Paul is in heavy demand here today. Hello, Ron. How are you?
Ron Paul: I’m doing fine. Nice to be with you again.
Mike Church: And it is again. This is number six for you and I together.
Ron Paul: Well, I didn’t know there were that many.
Mike Church: It’s been a fast two years. Let me start off by congratulating you on becoming mainstream. Did you ever think that was going to happen?
Ron Paul: No, it sort of scares me. What’s happening? Yeah, I wonder – am I selling out, or are we making progress? I hope it’s the latter.
Mike Church: No, no, no. You haven’t sold out. They still call you Dr. No, don’t they?
Ron Paul: Yeah, that’s right.
Mike Church: Well, let me ask you, if you would, explain to the listeners and the people that are going to watch this on some of your message forums and what have you, explain, just give a progress report on the Investigate the Fed bill, I believe it’s number HR 1207? Do I have that right?
Ron Paul: That’s right.
Mike Church: What is – where does that stand now? I know you have 300 and some cosponsors. Is it going to come to a full vote? And when do you think that will happen?
Ron Paul: Well, we’ve had one key vote, and that was in the Financial Services Committee. We have 317 cosponsors, which is rather remarkable. It’s three-fourths of the Congress. Even with that vote, there was never any intention by the leadership to allow it to come to the floor and just have an up or down vote. But Barney Frank, Chairman of Financial Services Committee, always expressed some sympathy, although not enthusiastic, and he did not get on the bill. But he did not keep me from bringing it up and offering it as an amendment to a financial reform package, which is, as a matter of fact, going to be debated on the House floor today.
Mike Church: Okay.
Ron Paul: And that bill doesn’t have probably anything in it other than my amendment that I would support. But the amendment came up, I had 15 members of the banking committee support it. We won it rather easily, 43 to 26, which was a major victory. So a very good piece of legislation is placed on a very bad piece of legislation. It will be brought to the House floor. And it probably will get passed. But there’s still tremendous resistance to this. I mean, the closer we get to bringing it about, the harder the establishment comes down on us, everything from the Federal Reserve buying ads in movie theaters and hiring a lobbyist…
Mike Church: I know.
Ron Paul: …and Bernanke writing major editorials. I mean, they are on the defensive. The American people now, I think the last poll showed that 80 percent of the American people think it’s a good idea to audit the Fed. So we have a lot of momentum with this. And I think it had to do with a lot of talk shows like yours and others that have talked about it and got the people knowledgeable about it.
Mike Church: Now, isn’t that a – you were talking about whether or not you sold out or not. But isn’t that a sign of progress that the Federal Reserve is now the subject of kitchen table conversations, water cooler conversations?
Ron Paul: I think that’s the best part of all this. And we don’t know what the final outcome will be because I’m sure, even if we do get it passed, there’ll be lawsuits and resistance and destructions of paper. I understand the Fed’s already been involved in eliminating some of the records. So that is very, very important. But the biggest issue is the American people are looking at something very, very important, that is, the nature of money and the Federal Reserve, and not thinking the Federal Reserve always takes care of us, but maybe the Federal Reserve has caused a lot of mischief, and maybe they’re up to no good. Maybe they do exactly as we have argued, and that is they create the bubbles, and they create the recessions… Continue reading “Ron Paul on the Mike Church Show”
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