Ron Paul: Bailouts Will 'Destroy the Dollar'

Ron Paul: Bailouts Will 'Destroy the Dollar'

www.newsmax.com

U.S. Representative and former presidential candidate Ron Paul tells Newsmax that bailouts of U.S. corporations are “bad morally” — and says current federal economic policies “will literally destroy the dollar.”

He also insists that the use of “counterfeit” paper money instead of a gold-backed currency is “insane,” and declares it is “foolhardy” for Barack Obama to propose national health care under the present economic conditions.

(visit the link for the full news article)

I agree it is crazy to suggest national health in this crisis, but there are no economists in the Obama team.

At the end of the day, this will of course leghten the gap between the higher class and the middle class and wipe out the lower class completely.

All these bailouts are being approved and it is not even socialism like some say, it's corporate fascism if anything, or at least leading towards it.

For us the people to understand this but do almost nothing is unbelievable.





www.newsmax.com
(visit the link for the full news article)

Indelibly inscribed into the framework of our Federal Reserve Act is the seed of the treasonous overthrow of the will of the American People.

From the halls of power in Europe was exported the scheme of fiat currency and inflation control into the hands of the international banks cartel that has been infesting the planet for centuries.

Our national leaders rebuffed the attempt at least twice, but alas, in the end, corporate greed and elitist hubris won out over the honor of public service. Since then the insanity has ruled virtually unabated, and apparently undeterred.

We have lost our gold, we have lost our wealth, and through inflation and wage manipulation the middle-class has lagged behind the increased cost of living until more than half of them must be facing lifestyle changes forced upon them by an illusory 'economic' theory. Nothing ever trickles down as they said it would.

Mr. Paul's assertions decrying the absurdity of the actions of our government in response to this crisis are not falling on deaf ears. They are falling on ears that refuse to hear that which threatens their stake in the social club that has become the political-celebrity game.

[/rant]

reply to post by Maxmars


hohoho
nicely said, nicely indeed!

but.... halls of europe???

Originally posted by ModernAcademia
reply to post by Maxmars

 

hohoho
nicely said, nicely indeed!

but.... halls of europe???

Well..., that's my opinion. Central Banking and it's fractional reserve lending artifice came from there... no?