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EXCLUSIVE! World Net Daily interviews Dr. Paul: Fed's QE3 Detached from Reality!

Ron Paul: Fed's QE3 'detachment from reality'
Congressman demanding audit predicts worse economic crash than 2008

Published: Sept. 13, 2012 | 55 mins ago

A member of Congress who has been pushing for more transparency, including an audit, of the Federal Reserve for years says the announcement today the quasi-governmental agency is going to print more money to try to help the U.S. economy isn’t surprising.

Nor is it smart, said U.S. Rep. Ron Paul.

“No one is surprised by the Fed’s action today to inject even more money into the economy through additional asset purchases. The Fed’s only solution for every problem is to print more money and provide more liquidity,” Paul said.

“Mr. Bernanke and Fed governors appear not to understand that our current economic malaise resulted directly because of the excessive credit the Fed already pumped into the system.”

The Federal Reserve said today it is launching its third attempt to revive the U.S. economy, once again by printing more money.

Is this the first in-depth interview by Farah's WND with Dr. Paul, since the 90's??



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I believe so, my friend

In answer to the question posed at the end. (We used to have a business relationship with WND)

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

The Fed will now buy mortgage backed securities with QE3.

Mortgage backed securities are junk secured by underwater mortgages that are for the most part unenforceable. This is what is now supporting the world's reserve currency.

This is what the big banks are holding and will not set a market value on because they have none. So the Fed will now be effectively bankrupt rather than its shareholders. What difference does it make? Well I suppose they can always lumber the American taxpayer with the bill when it falls due.

This is the children's game of pass the parcel and the American People are going to be left holding the bag because the Fed debt notes are backed by the good faith and credit of the US government. This is what Congressman Louis McFadden was pointing out in his 1932 speech to the House of Representatives.

Perhaps the Federal government will end up owning the entire housing stock of the USA.

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

David R - if the Fed ends up owning all the

underwater mortgages...maybe then more people will just stop paying them. I'm surprised that so many people continue to give $1500+ a month to banks that will be bending over the next several generations because of all the money they have stolen from the taxpayer.

There should be no loyality to banks either but maybe more people will connect the dots if their mortgage becomes part of the FED's balance sheet and just stop paying them.

At this point there is no way to stop the coming financial collapse. The ONLY way we can come out the other side more FREE is if we STOP giving all our money to the people who are enslaving us (by continuing to pay all our bills.

I know it seems counter to "doing what's right" and honoring your commitment on a contract, BUT, THIS IS NOT what most people thought they were signing up for. The contract should be considered fraudulant and your monthly payments should be spent buying food that will last for at least a year, guns, gold/silver, whiskey, cigarettes, tide, diapers, and stuff like that. All of those items will be in high demand during a SHTF. We all know it's coming...how long before it happens and how long our regularly scheduled routines will be disrupted are the 2 main unknowns.

Its so important that the masses wake up and withdraw their financial support from the criminal cabal that has usurped our government.

Withholding our money from the crooks will bring the machine to a grinding halt and most importantly...it will allow "we the people" primary control over what kind of America we want to rebuild for our children and grandchildren.

History shows what collapsing governments do to their people when they still hold the power of the purse...and it is ALL bad!

STOP SUPPORTING THE CENTRAL GOVERNMENT ANYWAY POSSIBLE! STOP GIVING YOUR MONEY TO THE 1% WHO ARE USING IT TO KILL AND ENSLAVE FUTURE GENERATIONS! STOP TALKING AND TAKE ACTION NOW!

There are no mortgages backing the MBS.

That's the bank's problem. That is way it was designed to be bankruptcy remote. They are going to have to pay back all the MBS holders and any homeowners who know the law.