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In this 1988 interview, Ron Paul talks about money, banking and the Federal Reserve, and predicts the current financial crisis.
Show: American Power Structure
Date: August 1988
Transcript:
Voiceover: American Power Structure. We’re joined by John Cone.
Frank Morrow: Ron there’s an old statement I’ve read heard about people saying, in Congress, that banks never lose.
Ron Paul: Well, I think [...]
What government gives, it can take away, is the message of Ron Paul’s latest column. It’s never a good idea to build one’s long-term livelihood upon money provided by government; such dependence not only leads to moral corruption and an entitlement mentality, but also forces the recipient of such funds to become subservient to changing [...]
“There is no other power greater than the power over money, the power to create and contract the money supply, the power to control the purchasing power of your money.
Throughout history, this has proven to be the most sought after monopolistic power of man. It has become more sophisticated over the decades and over the [...]
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