Ron Paul: Still Relevant, Still Ignored
On Wednesday Federal Reserve Chairman Ben Bernanke testified in front of the House Banking Committee. Congressman and Republican Presidential candidate Ron Paul seized the opportunity to preach the message he has been trying to spread for over 20 years.
Ron Paul touched on several issues that most politicians in Washington most likely realize but seem to avoid interjecting into the discussion. Paul pointed out that 4.3 trillion dollars has been pumped into the economy by the Federal Reserve in the last two years, implying that the source of the inflation we are now experiencing should be no mystery.
Paul pointed out that history is not on Bernanke’s side as long as he continues the method of continually pumping capital into the economy, capital that is created out of thin air.
He told Bernanke that fiat money systems always come to an end and unless the switch is made to a solid currency, the value of the dollar is doomed. He went on to reiterate something that he has told Bernanke before, that the careless devaluing of the dollar is stealing money from those in this country that have saved.
Nobody in Washington seems to want to take responsibility for the mistakes of the past that have lead to the dollar’s plunge but rather most in Washington are willing to charge ahead and not allow a responsible, yet painful transition period to occur on their watch. So the answer continues to be extremely short term stimulus by way of rebate checks.
And therefore the country is faced with a national debt that is approaching 10 trillion and a stock market that is plummeting.
Conventional wisdom in Washington for sometime seemed to be that this economic slow down is merely a cyclical problem, but finally some are starting to come to terms with the fact that it is a systemic problem, mainly rooted in the international devaluation of the dollar. The game has forever changed with the end of the era that saw the dollar as king. Unless this problem is addressed, the United States economy is headed for an extremely harsh and painful fall.
Ron Paul has been trying to get the point across for some time that the problem can not be addressed unless the country is willing to drastically cut spending. This would mean the move away from empire and the reinvestment with in U.S. borders. There is not a willingness to do this by McCain, Clinton or Obama. Even Obama, who is sometimes mislabeled as the candidate of the anti-war left, would like to increase the size of the U.S. military. Where does that money come from? How long can we continue to borrow? How long can we continue to print? For those willing to listen to the reasoning of Ron Paul, the answer is…not long.
Popularity: 5% [?]
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Comment by FadingFast on 1 March 2008:
This is the best one-page statement of the state of the American dream going bad in the new millenium that I have yet seen. These are the issues that the candidates, the media, and the country should be debating. The point about no one being willing to let the correction happen on their watch is right on. The rate of growth of the money supply has to be tied to something besides Ben Bernanke’s brain. The Fed is supposed to have a duel mandate to moderae both unemployment and inflation, but after the jobless recovery of the last recession, is clearly much more tolerant of inflation - to the point of denial. Well, I’m about to retire and I live in a state of fear, not denial. A return to a precious metal standard may be too shocking a dose of reality for our teetering system, but if not that, something, even a formula tied to real GDP - something other than Ben’s brain!
Comment by Jerffrson on 1 March 2008:
The Federal Reserve, is a private collection of banks pretending to be part of the Government, this is economic serfdom on a mega scale, Wake up America!
Comment by WILL WORK FOR PEACE on 1 March 2008:
Excellent summary of not only what ails our country, but the solution.
Thank you Shaun Booth.
Comment by whatgives on 1 March 2008:
Hello illegal corrupt banking system,could you start making silver coins anything to help us climb out of this hole that you have dug for us.Silver coins so we can start saving real money.When are you people going to start listening to Ron Paul?He is the only one that should lead this country,he has the plan and the only honest one speaking the truth.Scrap your worthless paper and start making silver coins,only way to get back on the right road.DOIT DOIT DOIT!!! NOW Stop bankrupting our country.
Comment by jon on 1 March 2008:
I wouldn’t wait for them (government) to fix anything after all it’s their leadership that has brought the nation to this point…..one must do what you can to prepare for the inevatible…….I.E. a great depression like that of the 1930’s history does repeat itself…
Comment by Bud on 1 March 2008:
One vital correction: the FED is injecting CREDIT, not CAPITAL.
Capital is SAVINGS residual as unspent present EARNINGS. There cannot be capital without earnings which exceed expenditures.
Credit is entirely different. It is a debt issued based on a promise to pay back the debt from expected FUTURE earnings by the debtor.
Referring to banks who create credit out of thin air as “capitalists” is therefore a confusion and a slur on real capitalists. Banks are no such thing, since banks do not lend “capital”, as such, but create NEW “money” out of thin air simply by issuing a NEW loan.
If all the debt in this society were fully settled tomorrow, there would be ZERO “munny” in circulation because the entire money supply consists of debt instruments issued against the US government (the debtor) by the FED (the creditor).
The real infamy is that this paper credit is issued in exchange for paper debt in the form of bonds — a promise to pay back the banksters from the FUTURE taxing of FUTURE income of taxpayers. Both parties know it’s a sham, but my making the paper debt instruments the only ‘legal tender’ in the US, the scam is both compulsory and complete.
Comment by MBy on 1 March 2008:
Vote Ron Paul while we still have the chance to save our nation.
Comment by Gina Giardino on 1 March 2008:
Wake up Americans! Even people around the world are watching and wanting us to have enough brains to elect Ron Paul!!
Comment by sunny on 1 March 2008:
this country needs dr. ron paul so badly and so many people just do not realize it. it’s very sad.
people have been deliberately dumbed down and it has been effective.
dr. paul is the ONLY one who gets it- the ONLY one!
nothing will change until we change economic policy - NOTHING!
wake up america and listen to this magnificent man!
Comment by Barry on 1 March 2008:
It’s the 11th hour. This Revolution will NOT be without great personal sacrifice on the part of Patriots.
Debate, logic and, unfortunately, voting will certainly not work. Apathy and great deceit are rampant.
The Men Behind the Curtain will not give up their immense power and obscene wealth without a fight…..count on it.
If any of my fellow Paul Patriots still do not believe there are actually Men Behind the Curtain, please do more research.
Comment by Tess on 1 March 2008:
Take a look at this article, it will explain exactly what the Federal Reserve is:
http://monex.com/gvi?pageid=insightarticle&articleid=613&cat=1
Comment by Barry on 1 March 2008:
Yes, Tess, exactly.
Sadly, it’s even worse than that.
The 2008 election will nail our coffin shut without decisive action………..I’m not sure what that is today.
Comment by Jim McClarin on 2 March 2008:
Time to take personal survival steps based on the destruction of the dollar. Divest of dollars. Buy precious metals and supplies to weather shortages and desperation (storage food, guns, off-line power).
Comment by Matt on 2 March 2008:
It’s painful to watch Ron Paul schooling Bernanke.
Bernanke MUST understand the dire state of the US economy. It’s inconceivable that he doesn’t know or doesn’t understand. The same must be true for many of the corporate oligarchy running AmeriKa
The conclusion must surely be that the collapse of the dollar is deliberate and contrived by dark forces in the shadows whose aim is to undermine US sovereignty and the constitution.
The American people are totally ignorant of the dark forces that are enveloping their country. The 2008 election is a total charade. It simply doesn’t matter who is elected, democrat or republican. The outcome is certain. The US economy is finished. America is facing the apocalypse and the next generation will grow up in a country stripped of its savings, its industrial capacity and must important of all, the Constitution……the thing that made the USA the most free and prosperous nation on earth.
Ron Paul is an uber hero, but without greater support from the American people, the revolution will falter. Ron Paul can’t get his message across to enough people because the media has conspired to silence him and slander him with accustions of rascism or that he is just a nutcase. It’s just heartbreaking.
The only answer now lies with the people themselves. It is now the responsibility of those patriots who understand Ron Paul’s message of freedom, liberty and prosperity to take that message to the people. Ron Paul cannot bear that burden alone.
I speak not as an American, but as a UK citizen whose sovereignty, culture and industrial capacity has already been destroyed. Our future here in the UK is the end of the British Constitution and assimilation into the corrupt, undemocratic United Socialist Republic of Europe. The level of ignorance here is even worse than in the USA and we don’t have a Ron Paul figure here to turn things around.
For all our sakes, for America and the rest of the world, the American people MUST NOT allow the international banking cartels and the corporate elite to destroy America. Once America is gone and the constitution is dead and buried, we will enter a new worldwide dark age, a one way ticket to hell.
DON’T LET IT HAPPEN AMERICA
Comment by Alice on 2 March 2008:
Ron Paul has been a gift. His words seeds that have found fertile ground. It is the end for the dark forces that have controled the earth. Their time is ending and we begin a new age. Expect miracles !
Comment by Michael on 2 March 2008:
The economy will get much worse, and McCain will lose the election. If we can grow and organize the grassroots over the nest few years we will get our country back.
Comment by Barry on 2 March 2008:
Jim McClarin……good advise.
Matt in the UK…………thanx, man. God bless you. What better testimony than from a Brit who’s seen this happen to his own beloved homeland. We better listen to him !!!
Alice………I, too, believe in miracles. We can only hope this election will produce one. Don’t think we’ll get another chance at the ballot box after this year.
Michael…Yes, McCain will lose (in a landslide). The economy is so far in the tank we could actually see a depression occur before Nov. This will, in my opinion, be the only chance we have to open the American peoples eyes and elect Ron Paul
Please remember that the “dark forces” Alice speaks of, the Men Behind the Curtain, will not relinquish their immense power and obscene wealth without a protracted fight.
If you’re serious about the Revolution, be prepared and get ready.
Comment by erin on 2 March 2008:
Now we just need Fox news and every other major media outlet to report this story.
Ron Paul has informed many people. Why is he the only one talking about this? I really want to know?
Even if you don’t like everything about him at least he speaks honestly.
Comment by Barry on 2 March 2008:
erin……..they’re not going to do it.
History repeats itself:
“WHAT LUCK FOR RULERS THAT MEN DO NOT THINK”
Adolph Hitler-1939
Comment by Kevin S on 3 March 2008:
Barry,…..I fell the same way.(I, too, believe in miracles. We can only hope this election will produce one. Don’t think we’ll get another chance at the ballot box after this year.)
Is that Paranoia or what? I don’t think so.
Erin,….. Have you heard of the C.F.R They control the media…………….
Comment by Barry on 3 March 2008:
Kevin S………no sir, no more chances after this election. The End Game is in motion.
Their next move will be a Depression to keep us in order.
It’s happening right now.
Comment by Republicae on 4 March 2008:
History is indeed against Bernanke and the Federal Reserve; every Fiat Monetary System in history has collapsed under the weight of the underlying debt upon which it is created. For some reason, our leaders and the bankers seem to think that they can escape the mathematical limitations of a Fiat Monetary System, but the fate of the system was sealed at it’s inception.
This Fiat Monetary System reached its practical life-span about a decade ago and has rapidly been driven toward its maximum possible life-span. The entire system is showing deep stress cracks that are brough about by the underlying insolvency of the system itself. The entire economy is dependent upon the expansion of the money supply, thus the expansion of credit/debt, once massive expansion fails to produce economic viability, as it is now, then the deflationary contraction will siphon off massive amounts of circulation causing major economic dislocation on a global scale. Since every single Fiat Note must be borrowed into existence, the system relies upon the continuation of credit expansion, but it is the very mechanism of expansion that increased the siphoning power of the debt to drain economic viability. It is a mathematical impossibility for such a system to continue indefinitely.
Dr. Paul is sounding a clarion call to the Nation, its leaders and its People, yet few are listening. If Ron Paul is not elected in 2008 then by 2012 we will all wish he had been. When the American People don’t have a pot to piss in, when they are reduced to levels of poverty that this Nation has not witnessed in its history then perhaps the People will awaken from their induced sleep and RESTORE THE REPUBLIC TO THE PEOPLE!
Comment by Republicae on 4 March 2008:
Unfortunately, the American People will cast their votes and get exactly what they deserve: a status quo President who is good with words, slathering empty promises into the ears of the People, leaving them wet with anticipation of promises fulfilled, but void of real substantive changes necessary to save this once Great Land.
Comment by Republicae on 4 March 2008:
I would not want to be Bernanke, Greenspan or any of our leaders who have allowed such dealings with the general welfare of the People of this Land when the proverbial crap hits the fan. I have a feeling that a lot of rope will be seen hanging from the trees around the Capitol Mall.
Comment by Iconoclast421 on 5 March 2008:
Great article. Unfortunately, not even Ron Paul understands why this is all accelerating now. If you want to find out why its accelerating now, even though the federal reserve has been doing what theyve been doing for years, then here is a good place to start:
google: Net Oil Exports and the “Iron Triangle”