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Congressman Ron Paul has issued a stinging address concerning the financial crisis in which he outlines how the current economic problems, created via malinvestment and shift to a debt based economy, are now being mismanaged by private interests in secret.
What’s more he says he is not sure the Federal Reserve has any idea what to do next and that the Congress is totally oblivious to the whole sorry state of affairs - a cocktail of elements he warns puts the middle class of America in serious jeopardy.
“The interesting thing is that they (the financial institutions) don’t come to the Congress, I mean the Federal Reserve buys them out, they own it. We as tax payers now own Fannie Mae and Freddie Mac and know one knows how much that will cost. They don’t come to the Congress, we don’t have appropriations, it’s done by secret government, private individuals behind the scenes maneuvering and manipulating and trying to patch things up. While in the meantime, I’m sure there’s a few people making a couple of bucks out of this whole thing.”
Originally posted by marg6043
reply to post by DimensionalDetective
That is one of the issue that bothers me the most, it seems that our congress is powerless against the fed and whatever fat rats seats behind the curtains.
What happen to America? where is the will of the people?
Originally posted by Copernicus
I think they know exactly what they are doing. Crashing the economy is the first step to be able to build the world up again into the shape they want it.
They will say that a world government is the cure. Not only for preventing global economic crisis, but for fighting terrorism, preventing wars and getting all your vitamins in the morning...
You cant create a new world without ripping the old one down first. World government means unlimited power over the entire planet.
[edit on 18-9-2008 by Copernicus]