Ron Paul Speaks- "Time is running out", page 3
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reply posted on 24-9-2008 @ 04:39 PM by Blaine91555
reply to post by SEEWHATUDO


Call me silly, but I have no more idea whether Mr. Paul is right than I do what exactly is in this package. Both sides of this keep expressing opinions, but I've yet to see the context of the plan.

Those who have decided Paul is right, must have reviewed the plan in detail. Does one of you have a link to the complete text as it is today after the changes? Without that, its all hearsay.

It would be wonderful if someone who has reviewed it in its entirety could explain it too us?

I kind of suspect that people who support Paul are taking his word for it and have not even seen the proposal or read it in its entirety. That kind of trust is what gets us into these situations.

OP - Have you reviewed the plan and could you please post a link to its text?


reply posted on 24-9-2008 @ 04:42 PM by tyranny22
reply to post by Atlantican


I love that idea.

FADE IN:
to a picture of Ron Paul.

VOICE OVER:
He tried to tell you ... but, you wouldn't listen.

Ron Paul warned of the coming economic collapse, but everyone wanted to talk about Mitt ... or Huck ... or John.

OVERLAY PICTURES OF ROMNEY, HUCKABEE AND MCCAIN.

POP-UP RECENT PAUL INTERVIEWS FROM CNN, MSNBC, ETC.
VOICE OVER:
Now, everyone wants to hear what Ron Paul has to say. All of a sudden, everyone is all ears.

FADE IN A CLOSE-UP SHOW OF MCCAIN:
VOICE OVER:
Too bad. Looks like you've choosen your nominee. And look at that ... it just happens to be the same person who put his Approval on the Gramm-Leach-Bliley Act - the same act that deregulated the banking industry into what has now cause this great economic collapse.

FADE TO PICTURE OF RON PAUL:
VOICE OVER:
Dr. Paul wanted to take a moment to thank all those that supported his campaign for POTUS. And for all those who didn't ...

AUDIO CLIP OF RON PAUL:
I told you so!

[edit on 24-9-2008 by tyranny22]


reply posted on 24-9-2008 @ 04:48 PM by Blaine91555
OK, here is the text from the 20th but it has been rewritten since then -


LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS

Section 1. Short Title.

This Act may be cited as ____________________.

Sec. 2. Purchases of Mortgage-Related Assets.

(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.

(b) Necessary Actions.--The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation:

(1) appointing such employees as may be required to carry out the authorities in this Act and defining their duties;

(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;

(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;

(4) establishing vehicles that are authorized, subject to supervision by the Secretary, to purchase mortgage-related assets and issue obligations; and

(5) issuing such regulations and other guidance as may be necessary or appropriate to define terms or carry out the authorities of this Act.

Sec. 3. Considerations.

In exercising the authorities granted in this Act, the Secretary shall take into consideration means for--

(1) providing stability or preventing disruption to the financial markets or banking system; and

(2) protecting the taxpayer.

Sec. 4. Reports to Congress.

Within three months of the first exercise of the authority granted in section 2(a), and semiannually thereafter, the Secretary shall report to the Committees on the Budget, Financial Services, and Ways and Means of the House of Representatives and the Committees on the Budget, Finance, and Banking, Housing, and Urban Affairs of the Senate with respect to the authorities exercised under this Act and the considerations required by section 3.

Sec. 5. Rights; Management; Sale of Mortgage-Related Assets.

(a) Exercise of Rights.--The Secretary may, at any time, exercise any rights received in connection with mortgage-related assets purchased under this Act.

(b) Management of Mortgage-Related Assets.--The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks therefrom.

(c) Sale of Mortgage-Related Assets.--The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.

(d) Application of Sunset to Mortgage-Related Assets.--The authority of the Secretary to hold any mortgage-related asset purchased under this Act before the termination date in section 9, or to purchase or fund the purchase of a mortgage-related asset under a commitment entered into before the termination date in section 9, is not subject to the provisions of section 9.

Sec. 6. Maximum Amount of Authorized Purchases.

The Secretary's authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time

Sec. 7. Funding.

For the purpose of the authorities granted in this Act, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities may be issued under chapter 31 of title 31, United States Code, are extended to include actions authorized by this Act, including the payment of administrative expenses. Any funds expended for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure.

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Sec. 9. Termination of Authority.

The authorities under this Act, with the exception of authorities granted in sections 2(b)(5), 5 and 7, shall terminate two years from the date of enactment of this Act.

Sec. 10. Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

Sec. 11. Credit Reform.

The costs of purchases of mortgage-related assets made under section 2(a) of this Act shall be determined as provided under the Federal Credit Reform Act of 1990, as applicable.

Sec. 12. Definitions.

For purposes of this section, the following definitions shall apply:

(1) Mortgage-Related Assets.--The term "mortgage-related assets" means residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before September 17, 2008.

(2) Secretary.--The term "Secretary" means the Secretary of the Treasury.

(3) United States.--The term "United States" means the States, territories, and possessions of the United States and the District of Columbia.


This is just the short version and I'm sure the real version is far more expansive. I'll keep looking. Not having the exact title is my problem.


reply posted on 24-9-2008 @ 04:53 PM by tyranny22
reply to post by DancedWithWolves


If you want his opinions on how to fix this mess, go read some of his literature. He's been preaching it for years. What he proposes will not fix what is currently at hand. What's at hand is a crisis. Dr. Paul's ideas would have taken years to fix this economy, but would have prevented this crisis from happening in the first place.

I did something. I wrote my congressmen and representatives to tell them NO ON THE BAILOUTS! And just to be sure ... I called them as well.

You can to the same here.

I haven't heard Ron Paul say "I told you so" one time since he's started his recent jaunt on programs. It's just not his style.

I supported Paul during his campaign ... and still do.

The little script I put together above was simply for FUN and IS NOT to be taken seriously.

Really.

EDIT TO FIX LINK.

[edit on 24-9-2008 by tyranny22]


reply posted on 24-9-2008 @ 05:01 PM by DancedWithWolves
reply to post by tyranny22


Really,

You are telling me that George Bush can be depended on to deliver a what to do right now solution however horrible to Congress and Nobody not one other person on Capitol Hill can do the same including Paul? THAT is the problem. We are debating one really bad proposal. Every problem has multiple solutions. Where are they.

I seriously like the man and no I don't have time nor does anyone else in this country right now have the time to go browse his website. We have days, hours, minutes to come up with an alternative for right now. Even if the alternative says DO NOTHING because it's the right thing to do even though it is going to hurt.

Solutions people solutions. That's what leadership means. Not only being able to say time is running out but being able to say so here is what we need to do about it. That was my point. I have to leave so please don't think I am dodging the issue. I am not personally insulting the man. I am making a point that one solution on the table does indeed seem WRONG.

Peace to you....really


reply posted on 24-9-2008 @ 05:05 PM by jmilla
my family received this letter earlier, being strong supporters of Ron Paul and his campaign.

he has called this for a long time, and in fact did draft a plan for economic reform, as well as openly discussed his ideas on how to fix it (namely gold standard and get RID of the Fed)

it is Blantantly obvious (thanks for the screenshot Blaine) that the plan up for debate right now clearly disregards our very constitution and American values of which we love and live by.

Ron Paul's ideals must live on forever. We need to support him and especially his message at this time.

It is obvious that he will not hold the title POTUS, but his message is what is important. Our money masters, the corporations and bankers, are strangling us. To deny this is deny fact, and to deny a man with a real heart and values, as well as education.

Maybe when they talked about a pole-shift they really meant all the main stream people who ridicule the CTers and paranoid kooks like Ron Paul would be put in their place!!!! Now the Kooks were right about their conspiracies, and the MSM sheeple are shown to be the real kooks! (dont tell anyone though, especially Bill O' the new crazy "official" CTer)

Edit to add: We also called and e-mailed our congressman and senators, of course with the message,"you better vote against this, it is clearly horsemanuer! Also, if you don't vote against it, we wont ever vote for you!"

thats not the exact text but I'm fairly certain they dont care about anything except "we wont vote for you ever again if you dont vote against this" -- if they get enough of those, they are not going to want to vote for it! haha


[edit on 24-9-2008 by jmilla]


reply posted on 24-9-2008 @ 05:12 PM by captiva
reply to post by FadeToBlack




"We need to build a new economy from the ground up, not continue with a flawed system"

You shall have your wish, it will be called the "Amero", seriously, cant you see this is all part of the bigger picture. There will be a new economy, world wide and based on the chip!

Ron Paul is a brilliant man doing a brilliant job, get up off your asses and help him out people. How many times do I have to see people bemoaning everything that is happening to their nation, yet they do absolutly nothing about it. When they come to your door for your loved ones, or when there is no food to feed them, thats when you will realise that the opportunity and time for action is gone.

I feel for you brothers and sisters. My frustration and anger at your inability to stand up with whatever means nessessary only leads me to believe that it is already too late for your once great country.

I feel empty and I have nothing more to say other than "may your chosen god go with you in these dark times".

Respects

[edit on 24-9-2008 by captiva]


reply posted on 24-9-2008 @ 05:26 PM by goldbomb444
What I sent my Rep.

Mr. Petri,

My name is ***, I am ** years old, and I am writing to you on account of this "$700 billion bailout" that is being purposed by President George Bush and his administration. This proposition is ludicrous. Why on earth would we allow our government to hand over such a large sum of money to some of the richest people in America? Do they honestly deserve it? They dug themselves into a hole and deserve to pay for it. If I were to rack up a huge debt on my credit card, would the government bail me out? If the answer is yes, I will be glad to go on a big shopping spree. Perhaps government officials own substantial amounts of stock in these companies that will be bailed out? If so, let them bail the companies out with money from their own pockets, not destroy the economy that belongs to you, me, and the rest of America. I fear I am watching the fall of a once great country, all because of a few people that seem to think they run the show. What happened to Democracy...to the people calling the shots?

I strongly urge you to stand up to the proposition on behalf of the people you represent. Please remember that the government is meant to work for the people, not the other way around. Anyone in the congress that can not see the stupidity in this proposition does not deserve to hold office, and there is no way I will vote for anyone that agrees with the Bush Regime on this, or almost any issue.

Thank you so much for your time,



***


reply posted on 24-9-2008 @ 05:52 PM by toepick
As with many other government proposals, the opportunity cost of this bailout goes unmentioned. $700 billion tied up in illiquid assets is $700 billion that is not put to productive use. That amount of money in the private sector could be used to research new technologies, start small business that create thousands of jobs, or upgrade vital infrastructure. Instead, that money will be siphoned off into unproductive assets which may burden the government for years to come. The great French economist Frederic Bastiat is famous for explaining the difference between what is seen and what is unseen. In this case the bailout’s proponents see the alleged benefits, while they fail to see the jobs, businesses, and technologies not created due to this utter waste of money.
Ron Paul’s Joint Economic Committee Statement

Ron Pauls solution isn't in a "plan" that needs to be approved by congress. Firstly its as simple as letting happen what needs to happen. The economy needs to run its course, prices (the housing markets) need to adjust (and come down to acceptable levels). And as he has always said, this money that is wasted by our government on its 'empire' could be put to much better use here at home. But just letting this run its course doesn't fix the bigger problems that no one wants to pay attention. That a Fiat money system doesn't work, that we don't have the money and can't afford to keep spending money on our 'empire' all over the world. That we need to get back on a gold/silver standard, the way our founding fathers meant for it to be.

The DANGER isn't in doing nothing, its in letting them do what they want to do which is turn us into a socialized/fascist/communist country. Makes us MORE a slave in the way of paying taxes to bail them out of THEIR failed bad investments!

Ron doesn't deny that there would be an adjustment, but only one of about a year before things equalize and get back to normal. We keep printing worthless money out of thin air we will be paying for this for the rest of our lives or kids lives and who knows for how long, if the system even makes it that long because it won't last forever because its trying to do what its doing now!!

Have so many people completely lost faith in each other to get through tough times?? Has our society become so addicted to the hand-outs of the government that they have lost the ability to help themselves and their neighbor? I sincerely hope not, but I fear it.

Last point in my rant: If someone predicted this was going to happen, and they were SPOT ON, why would you look to the person who created the problem, or anyone else for that matter, instead of the person who OBVIOUSLY understands the dynamics of what is happening to fix it!! Why are people so blind to this?? lol
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