Posted on 11 December 2008 by Congress Check
Paul Joseph Watson
Prison Planet.com
Thursday, December 11, 2008
Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.
“If you look at the grand problem we have it’s much much bigger,” said Paul.
“There were many who predicted that the climax would be exactly as we are witnessing,” said the Congressman before lamenting that no one seems willing to go back and discover how financial bubbles form and how they burst.
- A d v e r t i s e m e n t
“Instead we just carry on doing the same old thing….we spend more money, we run up more debt, we print more money, and we think that’s gonna solve the problem that was created by spending too much money, running up debt, printing too much money and here we are today,” stated the Congressman, adding that Congress was debating about “tinkering on the edges” while failing to deal with the big problem.
Paul said that the Fed’s creation of over $8 trillion dollars in obligations was outside the audit of Congress.
“They create this money and when the Fed chairman comes before our committee we ask, where did you dispose of this $2 trillion dollars that you’ve created recently, he says well it’s not your business, he doesn’t even have to tell us” exclaimed Paul, adding that the Federal Reserve was out of control.
“We’re dealing only with finding victims, we cannot get rid of the debt,” said Paul, adding that the cause of the bubbles was the result of monetary policy dictated by the Federal Reserve system.
Watch the clip below.
Related Posts
Posted on 11 December 2008 by Congress Check
Paul Joseph Watson
Prison Planet.com
Thursday, December 11, 2008
Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.
“If you look at the grand problem we have it’s much much bigger,” said Paul.
“There were many who predicted that the climax would be exactly as we are witnessing,” said the Congressman before lamenting that no one seems willing to go back and discover how financial bubbles form and how they burst.
- A d v e r t i s e m e n t
“Instead we just carry on doing the same old thing….we spend more money, we run up more debt, we print more money, and we think that’s gonna solve the problem that was created by spending too much money, running up debt, printing too much money and here we are today,” stated the Congressman, adding that Congress was debating about “tinkering on the edges” while failing to deal with the big problem.
Paul said that the Fed’s creation of over $8 trillion dollars in obligations was outside the audit of Congress.
“They create this money and when the Fed chairman comes before our committee we ask, where did you dispose of this $2 trillion dollars that you’ve created recently, he says well it’s not your business, he doesn’t even have to tell us” exclaimed Paul, adding that the Federal Reserve was out of control.
“We’re dealing only with finding victims, we cannot get rid of the debt,” said Paul, adding that the cause of the bubbles was the result of monetary policy dictated by the Federal Reserve system.
Watch the clip below.
Related Posts
Posted on 11 December 2008 by Congress Check
Paul Joseph Watson
Prison Planet.com
Thursday, December 11, 2008
Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.
“If you look at the grand problem we have it’s much much bigger,” said Paul.
“There were many who predicted that the climax would be exactly as we are witnessing,” said the Congressman before lamenting that no one seems willing to go back and discover how financial bubbles form and how they burst.
- A d v e r t i s e m e n t
“Instead we just carry on doing the same old thing….we spend more money, we run up more debt, we print more money, and we think that’s gonna solve the problem that was created by spending too much money, running up debt, printing too much money and here we are today,” stated the Congressman, adding that Congress was debating about “tinkering on the edges” while failing to deal with the big problem.
Paul said that the Fed’s creation of over $8 trillion dollars in obligations was outside the audit of Congress.
“They create this money and when the Fed chairman comes before our committee we ask, where did you dispose of this $2 trillion dollars that you’ve created recently, he says well it’s not your business, he doesn’t even have to tell us” exclaimed Paul, adding that the Federal Reserve was out of control.
“We’re dealing only with finding victims, we cannot get rid of the debt,” said Paul, adding that the cause of the bubbles was the result of monetary policy dictated by the Federal Reserve system.
Watch the clip below.
Related Posts
Posted on 11 December 2008 by Congress Check
Paul Joseph Watson
Prison Planet.com
Thursday, December 11, 2008
Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.
“If you look at the grand problem we have it’s much much bigger,” said Paul.
“There were many who predicted that the climax would be exactly as we are witnessing,” said the Congressman before lamenting that no one seems willing to go back and discover how financial bubbles form and how they burst.
- A d v e r t i s e m e n t
“Instead we just carry on doing the same old thing….we spend more money, we run up more debt, we print more money, and we think that’s gonna solve the problem that was created by spending too much money, running up debt, printing too much money and here we are today,” stated the Congressman, adding that Congress was debating about “tinkering on the edges” while failing to deal with the big problem.
Paul said that the Fed’s creation of over $8 trillion dollars in obligations was outside the audit of Congress.
“They create this money and when the Fed chairman comes before our committee we ask, where did you dispose of this $2 trillion dollars that you’ve created recently, he says well it’s not your business, he doesn’t even have to tell us” exclaimed Paul, adding that the Federal Reserve was out of control.
“We’re dealing only with finding victims, we cannot get rid of the debt,” said Paul, adding that the cause of the bubbles was the result of monetary policy dictated by the Federal Reserve system.
Watch the clip below.
Related Posts
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February 12th, 2010 at 7:21 am
Thanks, great share. I don’t know what to say except that I have enjoyed reading.
February 19th, 2010 at 5:09 pm
Enjoy your blog…found it via yahoo. Subscribed!
March 3rd, 2010 at 7:51 am
In the economic world, there are ‘bankers’ and there are ‘other people’. We don’t look at you as normal people. How can you be if you earnl ess than $500k? It’s just obvious. If you had the sense to earn this money you would.
March 9th, 2010 at 12:18 pm
I dont know i just like your style of writing, could you write more pls? (it not copied from somewhere? :))
March 9th, 2010 at 12:34 pm
Have you ever wonderered what will happen if you aprrouch this with different mindset ? I mean it all about that! How you feel detetmines EVERYTHING..