Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Paul vs. Fed, USA Today

January 11, 2012 by  

Paul vs. Fed, USA Today

On Tuesday, as voters in New Hampshire were getting ready to make their choice for the Republican Presidential nominee, candidate Ron Paul set his sights on a familiar foe.

In a USA Today op-ed, Paul showed that the constant campaigning has not taken his mind off of one issue he has spoken about for years: the Federal Reserve’s manipulation of financial markets.

“Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913, the dollar has lost over 95% of its purchasing power, aided and abetted by the Fed’s loose monetary policy,” Paul writes.

Along with Paul’s piece the newspaper ran an editorial calling the candidate’s wishes to audit and end the Fed “19th century economic ideas.”

The editorial calls the Federal Reserve vital to the U.S. economy:

“The value of a politically independent central bank has been proven repeatedly since then. When Lehman Bros. failed in September 2008, it was Fed Chairman Ben Bernanke who played a key role in preventing the other investment banks from collapsing like a row of dominoes. By late 2008 and early 2009, banks had become so averse to lending that even blue-chip industrial companies such as General Electric, Caterpillar, Verizon and Harley Davidson relied on the Fed to finance their day-to-day operations.”

But Paul, in his writing, disagrees: “To say that auditing or ending the Federal Reserve reflects ‘19th century thinking’ is to propose that economic responsibility and transparency in government are ideas whose time has passed.”

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

Facebook Conversations

Join the Discussion:
View Comments to “Paul vs. Fed, USA Today”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

  • s c

    It’s not easy trying to come up with the best way to describe or define the Fed. Perhaps a simple way of getting close is in the words of a great intellect that the Fed never had.
    According to Albert Einstein (paraphrased), ‘when you do the same things over and over again and you expect a different result, THAT’S insanity.’ That’s ALSO the Fed, folks.
    FYI, the prez works for Ben the Boob. Ben the Boob does NOT work for Obummer.

    • Mushin

      On the contrary SC – their actions may seem insane but they know EXACTLY what their doing…

      • vic

        Mushin is absolutely right. Crashing the dollar is NOT an accident. this has ALWAYS been their intention. we need a patriot liek Paul to get rid of the criminals. all other politicians are thinking of is “where’s my cut”?

      • DaveH

        I agree, Mushin. I cringe when I hear the TV pundits talking about Bernanke’s ignorant actions. He knows damn well what he’s doing. He’s supporting his banking Cronies and his Crony Politicians at the expense of the rest of us.

  • tim

    The founding fathers warned us about a central bank! These men were far ahead of thier time in the values they set out for us. I suggest we listen to ron paul!!

    • DaveH

      The founding fathers (particularly Jefferson) were speaking from experience. Already before the formation of the Union, state banks were getting special privileges from their Government. They were lending far more than their assets, and when faced with failure (unable to redeem their notes and deposits with Specie), they broke their contracts and continued to operate with the Force of Government backing them up. But their debtors were still obliged to service their contracts even though the banks weren’t servicing theirs.
      Read this free online book to learn more:
      http://mises.org/books/historyofmoney.pdf
      Sound familiar? Now the Government bails out the negligent banks with taxpayer money, but many of those same taxpayers are still bound to service their debts or lose their homes. How convenient for the negligent banks. Instead they should have been left to fail, and the banks that did the right things would pick up the viable pieces and do what they do best, and the taxpayers would be off the hook.

      • Joe H.

        DaveH,
        did you notice the slight by the news in NH? The polls all predicted ten to twelve percent for Dr. Paul and he got just shy of 25% but none of them made any supporting statements or even admitted they were suprised. He caught ALL of them flat footed! Now the same thing is happening in S. Carolina.

        • DaveH

          The Judge was talking about that on Freedom Watch tonight, Joe. It doesn’t surprise me. We’re going to have to ram Paul down the Propagandists’ throats.

  • UPCHUCK

    There is nothing Federal about the Federal Reserve, it is a private organization. They print the money out of thin air, give it to the treasury, and receive interest bearing bonds in return. We owe it to ourselves is a scam. Dr. Paul is quite correct. He would eliminate that debt in a heartbeat if it at all possible.

    • Les

      The Federal Reserve and the IRS were created in the same breath. Neither report to the American people. The IRS doesn’t even support due process of law. They seize all your assets so you have nothing to to spend in your defense. The only people not getting this treatment from them are the corrupt politicians. That is to ensure Congress doesn’t go “Hey wait a minute!”

  • http://DoULoveJesus.Wordpress.com Mark Dabney

    Why are we paying interest to a private central bank via an abusive “Income Tax” where every dime is devoured feeding this beast?

    • UPCHUCK

      They were both created at the same time, 1913.

      • DaveH

        Yep. Three things were done that year — all designed to aid the Growth of the Central Government:
        1) The Federal Reserve Act.
        2) The Sixteenth Amendment (Income Tax).
        3) The Seventeenth Amendment. Prior to the Seventeenth, Congress was divided into two parts, one to represent the people (The House of Representatives) and one to represent the states (The Senate). To further the destruction of State’s rights it was necessary to de-fang the States by removing their veto-power by way of the Senate. Now, the Senators, being elected by a relatively ignorant group of citizens instead of politically-savvy State Legislators, are just another part of the Big Federal Machine.

        • LarryH

          I’d just like to amplify that if you don’t mind. The People are indeed ignorant, and are being KEPT that way by the educational system and the Media in general. This is essential to those who have stolen our govt from us. One of the most important goals for the near future must be to break the stranglehold the govt and media have on knowledge and information so the People do indeed become informed. I fear that is the only hope this Nation has for a free future.

          • DaveH

            I agree completely. And one of the first things we need to do is to get Government out of the education business, except possibly for allocating the money for each child. And we don’t just need School Choice for our children, we need Educational Choice. We need to get Government’s nosy nose out of the curriculum requirements and leave that to the parents or their consultants:
            http://www.huffingtonpost.com/adam-schaeffer/a-strategic-defeat-for-ed_b_857687.html

          • Joe H.

            DaveH,
            Well said and might we get back to teaching the kids what they NEED to succeed in life??? The stuff about Billy having two moms or dads can be taught at home IF the PARENTS want their kids exposed to it at a young age or later!

  • Ted Crawford

    I’m not an economist, yet I fail to see how this would work out for our benifit! While I wholeheartedly agree that we should never have allowed the formation of the Federal Reserve, nor abandoned the Gold Standard, the fact remains that we did, more importantly the whole world followed us into this insanity!
    My limited understanding causes me to believe that should we, unalateraly, disolve the Fed. and readopt the Gold Standard, we would instantly become a third world economy! We would need to shread the bulk of our currency, rendering us unable to even pay our standing debt! Never mind the deficit. Our obligations to those on S.S. and Medi-care would be unmanagable!
    While again, I believe these institutions should never have come into being, they did and most of us have paid into them for our entire working lifetimes!
    It seems to me that for this to work it would require massive International cooperation, and I see no indications that, that is possible!
    Okey someone more knowledgable than me, wich is probably nearly everyone, show me where and why I’m wrong!

    • DaveH

      Ted, you can simply read this Free online book to get your questions and fears answered (get out your dictionary):
      http://mises.org/books/whathasgovernmentdone.pdf

      • DaveH

        By the way, Ted, throwing good money after bad money is never a good idea.

        • Ted Crawford

          Neither, Dave, is throwing the baby out with the bath water!

          • Sirian

            Ted,
            Jump over to the Mises Institute website as DaveH has said, you will get all of your questions answered and in the end you’ll get a much better understanding of the gold standard etc. There is a wealth of information there.

    • Pepper

      If the choice is “shredding the bulk of our currency” or “continue shredding the Constitution” which do you choose?

      • DaveH

        They don’t even need to shred it. They can simply stop the Federal Reserve from creating more, tie the existing dollars to Gold, and raise the Reserve Requirements of Banks dramatically (I would say at least 50%). No new notes could be issued that weren’t backed by hard assets (such as gold or silver), or coined from those metals. And those banks who did the wrong things and could not meet their contracts would be liquidated (as it should be).

        • Ted Crawford

          Unless I misunderstand the idea of the Gold Standard, the value of our paper outstanding paper currency could not exceed the value of our reserves of precious metal. In that case most of our paper would requies shreading!

          • steve in AZ

            Well,Ted, have you seen “The Moneymasters” video? It’s a 3 hour documentary that suggests several key points you may find interesting.

            It suggests we needn’t adopt a gold standard at all – just keep printing money ourselves (as we have done before) backed, as the FRNs are, by nothing whatsoever. At least, in this manner, we would no longer be growing the deficit by the amount of interest charged by the FED.

            At that point, we could begin to transition to a hard money currency. I’m not certain it would have to be gold. It might even be copper. The main point being, whatever it is, that it’s value be objective and not controlled by government. As we remove the government from it’s destructive role in our economy, the resulting prosperity would allow us eventually to progress to more popular hard money such as silver and gold.

            The problem with our adopting a gold standard immediately is that the same peeps that own the central banks own all the gold, as well. (An exageration, to be sure – nobody owns all of anything). Immediate adoption of a gold standard might (would) result in TPTB manipulating the price of gold and almost immediately we’d be back at the Fed with our hats in our hands – right back where we are now.

            We needn’t worry about the 16 trillion we currently owe the Fed. We need only default and invite them to pound sand – hey, it’s not real money anyway.

            Conversely, since we ended up here due to the evil and ongoing plan of the Rothschilds 3 centuries ago,we could use our military might to take back the gold, forcefully, that they conned FDR out of (immediately after his confiscation of America’s gold was absconded with) from the Ft. Knox depository.

            Trying to set a “strike price” where our currency is re-valued to a gold standard is just too much work for me. Let’s just take it back from the Evil Baron (of German, not Jewish descent, Jimmy the Geek, before you get started with a Zionist rant!) as his ancestors took it from us.

            DONATE NOW so we can VOTE RON PAUL 2012!!!

          • DaveH

            Ted,
            The Government could easily raise the money to back the existing dollars with gold. But first they would have to sell some of the vast land holdings in their possession (about 30% of our land), and other assets they control. They wouldn’t do it willingly because they like holding those assets.

          • DaveH

            As sirian suggested, Ted, there is a wealth of information at mises.org.
            Rather than me trying to convince you in a few soundbites, listen to what the economic experts have to say.

          • DaveH

            Ted,
            The true money supply is estimated at about $7 Trillion.
            The world supply of gold is estimated at about 5 Billion ounces.
            At $1600/ounce there would easily be enough gold to cover the current true money supply of US dollars. Of course that wouldn’t leave much for the rest of the world, but the Government could easily add in some other precious metals to the reserves.

        • Jay

          I agree Dave. Fractional banking needs to be dramatically reduced. Reduced by at least 50%, is a good start! Btw, i have always liked the, RP/JNapolitano ticket.

          • DaveH

            I didn’t phrase that very well, Jay. What I meant was that the Fractional Reserve requirement should be at least 50%. It might even be sustainable at a lower Reserve Rate.
            Actually, I would prefer the individual banks to set their own reserve requirements, but if they screw up they go out of business — NO Government bailouts. And of course they should be required to give full disclosure of their investments to their depositors or note holders so they can make a prudent decision about whether or not to trust their money with that particular bank.

          • Jay

            I understood precisely what you were saying, Dave! As well, i agree that banks should stand on their own, as all businesses should; “do or die”, NO BAILOUTS!

            Your statement: I would prefer the individual banks to set their own reserve requirements, concomitant to, no government bailouts, would most certainly, i would think, keep the banks honest. Btw, your Libertarian colours are showing! (-:

      • TIME

        Pepper,

        We have not followed the “Original Constitution” as of 1861.
        We follow the Constitution of 1871 now and have since 1871.

        So there is zero shreading of the Constitution.

        Stop watching talking faces on the tube that give you 100% Total BS.

        Look for TRUTH & Facts, BTW – thats not going to happen on the TV ever, look for who owns all the media, who owns all the really LARGE banks. who owns YOU, and yes you liitle more than a slave.

        When all the Americans wake up and grasp that we are only a PEOPLE Farm for the Bankers then we can start to fix the problems.

        Shutting down the FED and IRS are only the first steps in a very long list of things that need to be done.

    • Tim

      MR. CRAWFORD , SIMPLE ANSWER TO YOUR QUESTION , WHY AND HOW . THE FED BRAINWASHED THE LABOR FORCE TO BELEIVE , IF YOU REFUSE TO FOLLOW THE SYSTEM , YOU WILL GO TO JAIL . THIS WAS ADVERTISED , AS A FALSE OP ED , DECADES AGO , TO SCARE THE PEOPLE INTO SUBMISSION . NO ONE WANTS TO GO TO JAIL AVER THIS . LAST RECORDED PAYCHECK I GOT FROM LAST DECENT JOB , I WAS PAYING INTO MEDICADE INSURANCE , SOMETHING I HAD NOT AGREED TO WHEN I GOT MY JOB . I TOLD COMPANY BOOK KEEPER , I WANTED TO CANCEL IT , I WOULD NEVER USE IT . SHE TOLD ME , IT WAS NOT MY CHOICE , IT IS FEDERAL LAW , EVERYONE PAYS IT . SHE TOLD ME MEDICADE HAS NOTHING TO DO WITH ME. IT IS INSURANCE FOR THE WELFARE PEOPLE . SOCIAL SECURITY WAS ALSO DESIGNED FOR THE WELFARE PEOPLE , IT HAS NOTHING TO DO WITH YOU . SENIOR ADULTS WERE NEVER INTENDED TO LIVE LONG ENOUGH TO CLAIM SOCIAL SECURITY . IT ALL GOES TO THE WELFARE / DISABILITY PEOPLE . I WILL NEVER SEE MY SOCIAL SECURITY ………..WHAT DO WE PEOPLE DO ABOUT IT . I PAY MY TAXES ? ONCE A YEAR . I AM SELF EMPLOYED . I DO NOT CONTRIBUTE TO THE WEEKLY / MONTHLY WELFARE SYSTEM . I SUPPORT VETERANS AFFAIRS , SINCE I AM ONE , THAT IS AS FAR AS MY CHARITY GOES , EXCEPT NORMAL CHURCH CHARITIES . FINAL PROOF , READ THE DEFINITION OF THE ARTISTRY ON THE DOLLAR BILL , YOU HAVE IN YOUR POCKET , RIGHT NOW . IT WILL EXPLAIN EVERYTHING . MITT ROMNEY WON NEW HAMPSHIRE , BECAUSE BUSH , SR. SAID SO . BUSH , SR. TOLD THE WORLD NEWS , DURING CHRISTMAS HOLIDAYS , ROMNEY WILL WIN PRESIDENCY . ….MY MONEY IS IN MY POCKET , NOT THE BANK . MY SOCIAL SECURITY IS IN MY POCKET , I INVEST MY OWN . EVERYONE ELSE SHOULD DO THE SAME . DO NOT DEPEND ON GOVERNMENT FOR ANYTHING . DR. PAUL HAS SAID THE SIMPLE SOLUTION FOR AMERICAN ECONOMY . GET AMERICA OUT OF THE WORLD GOVERNMENT . SHOULD HAVE BEEN DONE DECADES AGO …… My name is T i m

      • Joe H.

        Tim,
        I didn’t read your post and I don’t know how many did as there are quite a few of us here that by-pass ALL CAPS posts!!! If you use caps for emphasis, that would be different. I, myself, do not like being shouted at!!

    • Everyday Politics

      Responding to Ted Crawford, I hope you get a chance to read this, Ted.
      I suggest that you think carefully about what you are saying and take another stab at asking a sensible question. If the Fed were abolished or prevented from creating or printing any more money in the form or paper notes or entries in a bank computer, where this mostly takes place, nothing substantial takes place at the moment the law takes effect. But, the monetary inflation would instantly cease. Suddenly, we would have the opposite of inflation, which is called deflation. The common citizen loses nothing, unless they are in debt. Say you are in debt. Then you would not be able to pay your debt with inflated dollars. Likewise, the government would not be able to pay your debt with inflated dollars. Big changes in spending patterns would have to take place and a lot of banks would fail. The crooks and criminals would pay for their sins and savers would be rewarded. Are you worried for the crooks and criminals that would get their just rewards? The answers must come from congress. Therefore, elect good honest people that will do the right thing. Get involved, if you want positive change.

    • Tim

      MR. CRAWFORD , YOU ARE JUST A BIT CONFUSED . THE REST OF THE WORLD IS NOT FOLLOWING AMERICA , AMERICA IS PART OF THE G – 2 0 , WORLD GOVERNMENT . WE ARE FOLLOWING DICTATION FROM THE WORLD GOVERNMENT . READ THE DEFINITION AS WRITTEN ON THE DOLLAR BILL IN YOUR POCKET , YOU HAVE RIGHT NOW . IT WILL EXPLAIN EVERYTHING . GOVERNMENT DOES WHAT IT DOES , BECAUSE WE PEOPLE ARE NOT WILLING TO GO TO JAIL TO STOP IT . ARE YOU WILLING TO DIE , IF YOU JUMP THE FENCE IN WASHINGTON , TO SCREAM HOW WRONG THEY ARE . My name is T i m

      • Paul Christy

        Stop typing in ALL CAPS Tim. It is very irritating. Are you new to the internet?

    • olde reb

      Ted, you ask, in essence, “How has the Fed devastated the nation?”

      The Fed has the benefits of a printing press to make fiat money in the basement of the U.S. Treasury. Congress has temporary benefit of new book-entry money created by deficit spending..

      Deficit spending sends a Treasury security to the FRBNY as collateral for a “loan.” The Fed makes a credit on a U.S. account and Congress spends the newly created money. When the security matures, it must be redeemed. A roll-over security goes to the Fed and the Fed sells it at the Treasury auctions. The newly created money has gone directly into the pocket of the Fed. (Actual practice merges and obscures the above sequence.) Ref. RIP OFF BY THE FEDERAL RESERVE, http://www.scribd.com/doc/49040689

      This profit is hidden from the U.S. government by the FRBNY. It is a crime to hide money from the government.

      To compound the calamity, the debt managed by the Fed must continually escalate, it becomes perpetual, and will eventually exceed the entire wealth of the nation. This is the sequence of medieval Europe our forefathers warned us about but became fact in 1913. Id.

      If you had a printing press in your basement whereby you could buy anything with the colored paper, you could live a lot better than your neighbors.

    • ChristyK

      Ron Paul wants to introduce a competing currency, based on gold, that people could start using. He believes that the markets will fairly quickly move to the new, more reliable currency. This will also give us something to fall back on when the dollar collapses. This would allow a slower transition, that would have less problems than a sudden transition where the dollar is cut off as a currency.

    • APN

      Ted…..I think you just stated that the “projected” wealth of our Nation is Fake. If so, that would be a correct assessment. Only evil men with evil worldly intentions, that our founders WARNED us about, could have possibly set up the FED. In fact, Earthly wealth in itself, is a foolish concept.

      Fact is, men who THINK that life has no meaning, just a one time shot delivered by a “Freak” act of “Mother Nature”(whoever the heck that is), tend to bend towards getting all the “Goodies” while they can, regardless of the consequences to their fellow man. i.e.; modern day “Progressive/MARXIST” America…Want-a-be “gods”…. Hitler was a prime example of this worldly mindset.

      All things will RUST, MOLD, MILDEW and come to an end. Earthly wealth is a temporary mindset, by default, in contrast, FREEDOM endowed by our CREATOR, is everlasting.

      What is the answer? Not sure, given the fact that we have lost our way and “Worship” the ALL MIGHTY DOLLAR and our fictitious “Liberty from GOD”, instead of GOD the Father who gave us this country and only required us to be a “Good Steward” of what HE has freely given us. Our FREEDOM flows from GOD, not men, a constitution or “Earthly Wealth”.

      Since the beginning of time, men have squandered the FREEDOM OF GOD all in the name of freedom FROM GOD. Never has worked, never will work, because it is contrary to GOD.

      I pity the next President who will challenge this principle of GOD, and even more so, the FOOLS who would buy into this “Earthly Concept” or “Liberty from GOD”. Our founders clearly understood this, we do not.

      Good luck with the FED and the current immoral compass of the USA. It’s been “Progressively” headed in the wrong direction for about a century now. FREEDOM is given by GOD, and yes, can be taken away, by GOD.

      We are currently in the process of learning this FACT, the “HARD WAY”. In the same way those did before us.

    • Les

      You need to know that most of that funny money only exists in computers. There is no paper for all the money numbers. It’s called fractional reserve banking. Read up so you know just how bad it really is. The problem stems from the fact that Congress gave away the control of our money supply to the banksters.

  • Warrior

    Sadly Dr. Paul, expecting “responsibility and transparency” in our government, at almost every level, is about as realistic as Iran becoming the 58th state.

    Yesterday, I was listening to an interview with the former county president of “crook” try to explain why $45 mil of homeland security funds earmarked to “crook” county somehow cannot be accounted for and who exactly decided where the money was to go. After 10 minutes of attempting to explain the who, what, where and when. NOT one definitive answer could be extracted from this goof! No One is “accountable”, No One is “responsible”. “Transparency”? I think that’s Joe Biden’s area, correct?

    • 57girl

      I disagree. I think people are finally waking up. Passing bills like NDAA are attention getters. I just hope the people of this Nation come to their senses in time to put Dr. Paul in the White House where he belongs.

      • Vigilant

        Sad to say, Paul would be a eunuch in that position unless the majority of House/Senate members are changed as well.

        • OB1

          Not if they (congress wants to keep their jobs…..

        • Joe H.

          Might be Vig, but I’ll bet the Veto pen would get a damn good work- out!!!

  • 57girl

    When Lehman Bros. failed in September 2008, Morgan Stanley bought up the shares for pennies on the dollar. Those Morgan operations (which are part owners of the Federal Reserve) sure know how to spin gold from straw. We’re being so had and Ron Paul is the only Candidate running trying to save us from the grip of the elite bankers and politicians that would erase our borders. Just keep in mind, it will be easier to herd sheep if they bankrupt us first. If this Nation puts Romney in the White House, we can expect the further demise of America. Romney is in the race for himself. Ron Paul, on the other hand, is trying to salvage our Constitution and save our Sovereignty. Think about that when you cast your votes, both in the primaries, and in November.

    • DaveH

      There is another — Gary Johnson — but the MSM has successfully marginalized him. However, if for some reason Ron Paul doesn’t get the Republican nod and doesn’t run as an independent, my vote goes to Gary Johnson and the Libertarian Party:
      http://libertarianparty.org/news/press-releases/libertarians-welcome-governor-gary-johnson-to-party-presidential-race

      I think an ideal ticket would be Ron Paul/Gary Johnson, or Gary Johnson/Ron Paul. The former being my preferred pick.

      Another good ticket would be Ron Paul/Andrew Napolitano, but I would prefer that the Judge stays right where he is — Waking up Americans with his Freedom Watch show.

      • Joe H.

        DaveH,
        I agree, but Ron Paul, himself, when asked who he would like as a running mate said he kinda liked that Judge Napolitano, fellow. I trust his wisdom or I wouldn’t vote for him.

        • DaveH

          I love that guy. But what would I do without my nightly dose of Freedom Watch?

    • Everyday Politics

      Would you pay a buck for bucket of sand when you are standing on the beach with sand all around you for free? When Lehman went backrupt their shares were worthless, like the sand. Not even Morgan Stanley would want them. They may have bought their buildings, if they had any. Or, maybe, their used computers, desks and chairs, if they had any. But why? The owners of the shares invested in a bank. Why would they do that? Again, let the crooks and criminals pay for their sins.

  • Joyceann

    I agree with Ted and have asked the Polbots several times about the Fed Thing. I have a comfortable balance in my bank that I spent my life making. If I vote for you, does my money dissappear. As it is now, I can write a check and pay my rent. If you turn my money into Gold, I would vote for you. I can even accept your isolationism and know if we were attacked would he fight like John Wayne or cry “foul”.
    But I won’t vote for a man who takes my money and turns it to dust. I care more for my life than the constitution and I’ll just vote in a republican and then keep voting for constitutionalists that know how to get back without me going broke. If 95% constitutionalism is my way – so be it.

    • Laurie Tudor

      my bank is also filled with fiat cash that is worth very little of its historic value. I would give it all for 100$ of real cash and a constitrutional govt.

      • Tim

        I DO NOT HAVE A BANK ACCOUNT , MY MONEY IS IN MY POCKET . I DO NOT CONTRIBUTE TO WELFARE SYSTEM WITH MY SOCIAL SECURITY , WHICH IS WHAT PAYS WELFARE PEOPLE . IF YOU DIE , BEFORE YOU WAKE , YOUR SOCIAL SECURITY GOES TO THE WELFARE SYSTEM ….YOUR FAMILY DOES NOT QUALIFY FOR YOUR MONEY . SENIOR ADULTS WERE NEVER INTENDED TO LIVE LONG ENOUGH TO RECEIVE SOCIIAL SECURITY . EVERY RECORDED WAGE EARNER PAYS THE WELFARE PEOPLE , THROUGH SOCIAL SECURITY , through direct deposit . ….MY MONEY IS IN MY POCKET . …..My name is T i m

    • ChristyK

      As stated above, Ron Paul wants to introduce an alternative currency (based on gold) that would work in parallel to the dollar. This would allow you to move your dollars to the new currency, if you chose to use the new currency (I would move my money they day it was allowed). This would allow markets to slowly transition to the new currency. It would also give people something to fall back on when the dollar collapses.

      The question isn’t IF the dollar will collapse, it is WHEN it will collapse. No fiat currency has lasted more than 42 years. We went completely off the gold standard in the early 70′s (I think 1971). The dollar might last slightly longer than the 42 years because it is the world’s reserve currency, but not much longer. I believe the collapse will be caused by the world getting fed up with our printing money and dumping the dollar as the reserve currency. We will get almost instantaneous hyper-inflation similar to the Weimar Republic (Germany) or Zimbabwe, collapsing our currency. Having a gold based alternative currency would be the only thing that might save the US. If we don’t have something to fall back on, we will be in the same situtation as the Weimar Repbulic, where money is so worthless that they burned the cash to heat their houses, because the money was cheaper than firewood.

    • Joe H.

      Joyceann,
      what is the worth of your life WITHOUT that constitution?? There aren’t any that value it as much as Dr. Paul!!! there are a couple close, but close only counts in horseshoes! I’m in the race for all or NOTHING! Remember, if they do away with the constitution, that nestegg you have will be worth SQUAT!

    • DaveH

      I would imagine, Joyceann, that Ron Paul, being an Austrian Economist, would do something like this plan by Ludwig Von Mises:
      http://mises.org/daily/2365

      Whatever he does, he isn’t going to make your dollars worthless. That’s the role of the Federal Reserve, not Ron Paul.

  • AJ

    Bernanke knows damn well what he is doing and that is following the Rothchild Banking agenda. And Obama or anyother president past or future has nothing to say about it.

  • steve in AZ

    “When Lehman Bros. failed in September 2008, it was Fed Chairman Ben Bernanke who played a key role in preventing the other investment banks from collapsing like a row of dominoes.”

    And we should give a rat’s patootie about these other investment banks” all ultimately owned by the ONE central bank, exactly WHY again, USA Today?? lol

    DONATE NOW so we can VOTE RON Paul 2012!!!

    • Tom in AZ

      USA Today writes this piece of crap article because its Parent Company Garnett has JP Morgan and Credit Suisse as stockholders…More media control by Banksters. The guy who has some money in the Bank better buy gold & Ammo if Ron Paul isnt elected. Our money will be worthless after the Collapse…

      • OB1

        Gannett: Gannett Newspapers

  • http://jackfs816@gmail.com jack sneed

    If Ron Paul or his son is not put in the White House, all of us Americans ought to be shot at sunrise or dusk dark. Ron Paul is the only politician in the last 50 years that is standing up for the constitution…..and that alone is refreshing. To be a 76 year old man that has “so much on the ball” I am very much impressed with the things he says, and when he says something he believes in…..tomorrow he will say the same thing, and the next day the same thing…..he does not change his talking points to fit the audience he is speaking to….Not so with any of the rest, and that includes the current President. Obama, and please forgive me, I listened to my son and voted for him…..but at the time, I actually “fell for his rhetoric” for I really thought he would be a president for change…..but that turned into a big pile of BS! Mr. Prez could not tell the truth if it was staring him in the face, and even if telling the truth would actually help him…..the man is a liar, pure and simple.

    Ron Paul, YES! He has been after the Federal Reserve for 30+ years, and finally politicians on both sides of the asile are “getting on board” with him, and whether he is elected President or not, I think the whole bunch are going to get the Fed audited and quite possibly destroyed (well, eliminated), Whether the Fed is led by Ben Berbummer or whoever, I am praying that the Fed and the leader are on their way out…..BUT TO ASSURE THIS TO HAPPEN, FOR GOODNESS SAKE LETS GET RON PAUL IN THE WHITE HOUSE.

    I bet Ron Paul will be the first President that will not renovate the place when he is elected…..he knows that a “make-over” of that place every four to eight years is a big waste of money…..and he is going to start saving us a ton of money. he is the only candidate that says he will cut spending by a trillion dollars in his first year and balance the budget in three years and whether that can be done in that time frame or not, it sure sounds good…..and I bet, since Ron Paul only tells the truth all the time, I BET HE WILL KNOCK HIMSELF OUT TRYING TO ACCOMPLISH WHAT HE SAYS HE WILL BE DOING.

    • Joe H.

      jack sneed,
      I don’t know if you heard, but he is also the only candidate to have promised to cut his own salary by one thierd. the rest would probably ask for a raise!!!

      • DaveH

        Joe, it’s much more than a 33% cut. The Presidential salary is about $400,000/year. Ron said he’d accept the average man’s salary (about $39,000/year).

  • Lori

    Sadly, major of the U.S. population doesn’t involve themselves into researching such subjects like the Federal Reserve. They fail to understand that the Federal Reserve is a “Private Corporation”, started by the wealthy elites whose goal is to control the U.S. economy to line their pockets. They’ve taken our taxpayer money and sent the money to their overseas interests like the IMF (International Monetary Funds), distributing the one to various oversea banks. They successfully took the U.S. off the Gold Standard. Where did all the gold disappear to? Ft. Knox is know a dusty old empty vault with security ready to kill anyone who approaches its property.

    Ron Paul has been one of the rarest politician recognizing the dangers of the Federal Reserve, demanding its audit and elimination of its control over our economy. He is willing to risk his life for the betterment of the American people. John Kennedy tried to warn us in his speech and the elites silenced him.

    Research the Fiat Empire: http://www.youtube.com/watch?v=8Xt5US8FUpw

    • Tom in AZ

      Exactly Lori. A couple of months ago I did a small poll of 20 people as I was shopping or hanging out.I asked was “the Federal Reserve a branch of the Federal government or privately owned”. 17 out of 20 said a branch of the Gubmint…..people need to be educated.

    • DaveH

      It might even be worse if it were Government owned. Imagine if the 2009 Congress had access to the money printing presses?
      We just need to rid our country of fiat money, no matter who controls the creation of it.

  • Dean Anderson

    Rumor has it if Ron Paul can survive an assination atempt prior to the convention he may have a chance. Sudden un-expected, faital heart attact could be the method……

    • steve in AZ

      I don’t believe TPTB are so crass as to make their move until he HAS been elected. But watch out then.

      DONATE NOW so we can VOTE RON PAUL 2012!!!

      • Joe H.

        not that it is the same, but they said the same thing about the present sitter of the office!!!( should there be an “H” in that sitter?)

  • Kevin Beck

    The Federal Reserve: A 100-year history unblemished with success.

    • http://none R Paul or status quo

      Kevin Beck, I’m sure that’s sarcasm, right?

      • DaveH

        If you read his sentence carefully, you will see he didn’t say what you thought he said.

    • steve in AZ

      Kevin,

      They’ve been completely as successful at acquiring the vast majority of the world’s gold supply (in exchange for monopoly money) as their tool (Obama and the rest of our elected officials) has been in steering our nation down the path toward destruction. Would you not agree?

      DONATE NOW so we can VOTE RON PAUL 2012!!!

  • http://www.facebook.com/profile.php?id=1207123702 marty

    the fed is a ponzi scheme and it’s been legalized by Congress. The funny thing is that there is no clause in the Federal Reserve act that stops the Congress from taking back the power to print the money. They choose not to because they are all getting paid off one way or another. This is an old story already. It’s like everybody knows she’s a whore because everyone is doing her and they don’t want to turn her in because they all wouldn’t get their piece anymore

    • DaveH

      They never were given the power to create Fiat Money.
      From Article I, Section 8 of the Constitution:
      “[The Congress shall have power] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.

  • steve in AZ

    Well said, Marty.

  • bob corbe

    I’ve never heard a congressman or woman try to repel the fed,so way to put it Marty.

  • Tom

    If you are a TEA party person and you care about this election, read this article. We must beat Obama, now!

  • WSP

    Read the following by Thomas Jefferson:

    “The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.”

    End of discussion!

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.