"Ron Paul Told Us So" - Check this out!

"Ron Paul Told Us So" - valuefreedom.blogspot.com

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for another great resource. Good work!

thanks for posting this!

For liberty.

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but my brain is on shutdown.

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"... if we launch this attack the real victims will be the innocent Iraqi civilians who despise Saddam Hussein and are terrified of the coming bombs that will destroy their cities... The greatest beneficiaries of the attack may well be Osama bin Ladin and the al Qaeda. Some in the media have already suggested that the al Qaeda may be encouraging the whole event. Unintended consequences will occur - what will come from this attack is still entirely unknown."

-- Dr. Ron Paul, October 3 2002

... that hurt American exports and help to solidify the power of the tyrants, while seriously penalizing innocent civilians in fomenting anti-America hatred. There is no evidence that this policy serves the interests of world peace. It certainly increases the danger to all Americans as we become the number one target of terrorists."
- Ron Paul, November 17 1999

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... a negative savings rate, which means that we get our so-called capital from a printing press, because there are no savings and no funds to invest. The Federal Reserve creates these funds to be invested. On a short-term, this seems to benefit everyone ... The only problem with this is it always ends, and it always ends badly."
- Ron Paul, October 12 2000

... in international affairs, presidents have readily adapted to using Executive Orders, promises, and quasi-treaties to expand the scope and size of the presidency far above anything even the Federalists ever dreamed of. We are at a crossroads, and if the people and the Congress do not soon insist on the reigning in of presidential power, both foreign and domestic, individual liberty cannot be preserved."
- Ron Paul, March 17 1999

income tax and replacing it not with a national sales tax, but with nothing. Right now the Federal government is funded by excise taxes, corporate income taxes, payroll taxes, the individual "income tax" and miscellaneous other sources. Abolishing the "income tax" on individuals would cut revenue by about 40%..........it would be necessary to go back all the way to...1997!"

"I cannot finish a discussion of looting with out mentioning the income tax. In another chapter (of the Revolution, a Manifesto)I explain my opposition to the military draft, an institution based on the idea that the government owns it's citizens and may direct their destinies against their will. The income tax implies the same thing: government owns you, and graciously allows you to keep whatever percentage of the fruits of your labor it chooses. Such an idea is incomprehensible with the principles of a free society." --- Ron Paul

Libera me, let the truth break, what my fears make--Leslie Phillips

... Congress likely will transfer funds from general revenues into the Deposit Insurance Fund, which would make all taxpayers liable for the mistakes of a few. Of course, such a bailout would require separate authorization from Congress, but can anyone imagine Congress saying no to banking lobbyists pleading for relief from the costs of bailing out their weaker competitors?"
-- Ron Paul, May 4 2005

frankmcs, couple of gems there -- thanks for sharing.

zig, you're correct -- not the specifics, of course, but the inevitability of a terrorist attack on our shores is something he warned about repeatedly in the 1990s.

... the correction that inevitably comes after a period of inflation ... My question and suggestion is maybe we ought to be doing something now, because there is a lot of credit out there doing something else, causing malinvestment, causing deficits and debt to buildup, and that there will be a correction. We have not repealed the business cycle. So we have to expect something from this."
- Ron Paul, July 22 1997
Note: This statement was prior to the 'tech-bubble collapse' of 2000.

great resource!

I am grateful that we have someone in Congress who understands and who tells the truth. Let's hope that enough listen so we get action to create a post-collapse system that works.

Every resource thrown into the fight to try to prevent the natural cleansing of the system, every resource expended to try to restore the illusions we had, is wasted and will make it more difficult for us to rise from the ashes.

Thank you for collecting these prescient quotations and making them available to all of us.

FreeOregon

Talk about Nostradamus, this is a news release from his congressional site dated May 5, 2004:
http://www.house.gov/paul/press/press2004/pr050504.htm

Will Rising Interest Rates Burst the Housing Bubble?

Washington: Although Federal Reserve officials today announced the short-term federal funds rate will remain unchanged, their report makes it clear that the “policy accommodation” of promoting economic growth through exceedingly low interest rates is coming to an end. In other words, the Fed has signaled that it can and will increase interest rates in the near future. The current funds rate of 1%- the lowest in 45 years- results from years of aggressive Fed rate cutting. The incredible increase in American housing prices over the last ten years is directly attributable to this Fed easy credit policy, yet few Americans understand that housing prices are artificially high- and destined to fall significantly when interest rates rise.

During recent testimony by Mr. Greenspan before the Joint Economic committee, Congressman Ron Paul pressed the Chairman to acknowledge the potential severity of a collapse in housing prices. “I think the Fed is mistaking debt with collateral,” Paul stated at the hearing, referring to recent Greenspan statements touting home equity loans as the engine driving economic growth. “New debt is not wealth,” Paul added. Still, Chairman Greenspan continued to insist that Americans are richer because of paper increases in the value of their homes. Yet the very Fed policy responsible for higher demand and higher housing prices- cheap credit- is about to change.

“Federal Reserve manipulation of interest rates and the money supply has created a perilous situation for millions of Americans,” Paul stated. “Rising interest rates may well cause housing prices to fall dramatically, leaving many homeowners who bought at the height of the bubble owing more than their homes are worth. Homeowners with adjustable-rate mortgages are especially vulnerable, as are those who used paper gains in real estate values as collateral for second, third, and even fourth mortgages. The Fed’s easy-credit policies are directly responsible for lowering creditworthiness standards and encouraging millions of Americans to overextend themselves. If trillions of dollars in housing equity disappear, no amount of Fed sorcery will keep record amounts of Americans out of bankruptcy.”