Archive for Dollar
You are browsing the archives of Dollar.
You are browsing the archives of Dollar.
Ron Paul questions Ben Bernanke about his secret meetings with other central bankers. What have they been talking about? Is the dollar finished and is there a new world currency on the agenda? What role is gold going to play, if any? Bernanke, while remaining evasive about the details of his meetings, denies the rumors [...]
Alexis Glick: Texas Republican Congressman Ron Paul. Congressman, thank you so much for taking the time to join us. You had an opportunity to hear what the president had to say. Do you agree or disagree with the choices being made this morning?
Ron Paul: Well, I can’t agree with socialism, I mean this is just [...]
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 [...]
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 [...]
Dear Friends:
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. [...]
Ron Paul interviewed on Fox Business:
Ron Paul lectures Ben Bernanke:
Message from Ron Paul to the Nation:
Dear Friends,
Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to [...]
“Mr. Chairman, I believe that our economy faces a bleak future, particularly if the latest $700 billion bailout plan ends up passing. We risk committing the same errors that prolonged the misery of the Great Depression, namely keeping prices from falling. Instead of allowing overvalued financial assets to take a hit and trade on the [...]
President Bush: “The risk of doing nothing far outweighs the risk of the [bailout] package!”
Wold Blitzer: “What do you say to the President who wants you and your fellow Republicans and Democrats to quickly pass this 700 billion dollar bailout package?”
Ron Paul: “Well I think that’s a mistake because we don’t have the money, but [...]
“Our problems start with the Federal Reserve. The Federal Reserve is a monopoly and it controls interest rates artificially low, causing people to make mistakes. That’s the basic source. But then on top of that in the housing market we had the Community Reinvestment Act which told investors that they had to loan to risky [...]
Ron Paul has asserted for many years that inflation is a tax that benefits those who get all that freshly printed money first, and harms everyone else. Today, Fed Chairman Ben Bernanke agreed with that assertion, but failed to present a viable plan for saving the collapsing dollar:
The Fed is now in an impossible situation. [...]