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Federal Reserve
“Change” or More of the Same?
16 ResponsesSenators Obama and McCain have completed a series of “debates” and the election is fast approaching. The buzzword of the campaigns has been “change”. Obama wants to enact change to help the middle class, McCain wants to change the Republican party back into what it once was, and both candidates vow to change the greed [...]
A New Era of Taxpayer Slavery?
8 Responsesby Ron Paul In the midst of highly unpopular bailouts of Wall Street, many justifications have been given about why Washington feels the need to act. Some claim that capitalism and the free market are to blame, but we have not had capitalism. If you compare our financial capital to our aggregate debt, this would [...]
Ron Paul on the Bailout Proposal
80 ResponsesRon 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 [...]
Ron Paul: “They’re Doing Exactly What We Did In The Depression”
15 ResponsesPresident 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 [...]
Ron Paul on the Financial Crisis
107 Responses“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 vs. Ben Bernanke
8 ResponsesRon 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 [...]
Who Is In Charge Of The Dollar?
8 ResponsesWho is in charge of the dollar? The Federal Reserve says it’s the Treasury Department and the Treasury Department says it’s the Federal Reserve. Watch Ron Paul try to get a response from Treasury Secretary Henry Paulson. Later, Ron Paul recorded the following comments:
Ron Paul: How The Fed Creates Inflation
3 ResponsesCongressman Ron Paul comments on the Federal Reserve’s decision to maintain interest rates and raises concerns about inflation on June 25, 2008.
Rising Energy Prices and the Falling Dollar
2 Responsesby Ron Paul Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge. How high can prices go? How can we solve these problems? What, or who, is to blame? Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal Reserve [...]
