This demonstrates the strength of support for the ideas and message of liberty in our modern day.
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"Chairman Bernanke's press conference today was unprecedented, and it demonstrates that Federal Reserve officials are very concerned about growing public criticism of Fed policies. Although Mr. Bernanke predictably provided no substantive information, the American people want real answers about Fed bailouts, lending to foreign banks, and most of all inflation. Mr. Bernanke continues to ignore his culpability for the inflation all Americans suffer due to the Fed's relentless monetary expansion. Rising prices are the direct result of Fed devaluation of our dollar. Yet rather than addressing the Fed's loose dollar policy, Mr. Bernanke continues to assure us that inflation is not a problem.
Without the Federal Reserve's relentless expansion of credit throughout the 1990s and early 2000s, there could have been no excessive borrowing or explosion of subprime lending. Through easy credit, the Fed initiated the economic boom that created the dot-com bubble. When that bubble burst the Fed pumped additional liquidity into the system, which led to a new boom that created the housing bubble. Commodity prices have risen rapidly, producer prices have followed suit and consumers are already seeing the beginning of massive price increases passed on to them. And now the Fed's additional trillions of dollars in monetary pumping is creating yet another bubble. This is the exact opposite of stability in the marketplace and has nothing to do with free markets. It is central economic planning at its worst. And the end result may be hyperinflation and the destruction of our currency.
Now Americans are waking up to the dangers of the Fed's inflationary monetary policy, and they want it to stop. Today's staged press conference will not be enough to stop the growing demand for real Fed transparency, and I hope to build on that grassroots demand by passing legislation that will result in a true audit of the Fed's activities.
Support from my colleagues was vital in the last Congress in making progress towards Fed transparency, and I hope to build on that support in this Congress. It is well past time that we begin to rein in the Fed." - Congressman Ron Paul
Thanks to SCButterfly!
I believe it is time to sharpen the message, and go forth and multiply.
(RP supporters that is)
EDIT: Here I am writing about "sharpening the message", and my own message was not that sharp......8)
I know that Ron Paul, or the principles of Liberty cannot be "sold" to someone in one paragraph. For some people it takes a long period of study. I know that I am still learning myself.
Thanks ACinMA for the video
(MarketWatch) The Federal Open Market Committee will announce its rate decision at 12:30 p.m. Eastern time today instead of the usual 2:15 p.m. Sources say the Fed is likely to stay with its target federal funds rate of between 0% and 0.25% and its goal of buying $600 billion in Treasury securities by the end of June.
At 2:15, The FOMC will release its quarterly growth and inflation estimate, instead of unveiling it three weeks after the rate decision. Then there will be a first-ever-for-the-Fed press conference. After a brief introductory statement, Federal Reserve Chairman Ben Bernanke will answer reporters’ questions for roughly 45 minutes.
Read more at MarketWatch.
The press conference will be carried live on television, and on the web at CSPAN.org
April 27 (Bloomberg) -- U.S. Representative Ron Paul, a Texas Republican, discusses the outlook for Federal Reserve policy and Fed Chairman Ben S. Bernanke's news conference today following a two-day meeting of the Federal Open Market Committee. Paul, head of the House Financial Services subcommittee that oversees the Fed, speaks with Betty Liu, Michael McKee and Al Hunt on Bloomberg Television's "In the Loop." (Source: Bloomberg)
What are you doing in your community to promote the Money Bomb and the 1st Debate on May 5th?
Many colleges just have a few more days of classes left, so it's important to activate the new Ron Paul supporters into your local Meetup groups before they empty out for the summer.
Here's what we are doing in Bloomington, IN:
By MICHAEL D. SHEAR
WASHINGTON — Representative Ron Paul of Texas announced Tuesday the formation of a presidential exploratory committee, saying he anticipated “a much, much more significant campaign” than he ran in 2008 should he decide to become an official candidate for the presidency in 2012.
Speaking at an event in Des Moines, Mr. Paul, 75, said he would decide by the end of May whether to become a candidate and stressed the reasons that he believed he might wield more influence over the shape, direction and conversation of the Republican contest this time around.
Found the link at the top of the Drudge Report:
Rep. Ron Paul, the Texas Republican known for his staunch libertarian views, announced today he's forming a presidential exploratory committee.
This marks Paul's third bid for the presidency. He first ran in 1988 and again in 2008, winning a small but enthusiastic group of supporters among the GOP electorate.
Part of Paul's fervent support in 2008 was grounded in college-aged voters, a constituency that also largely favored Barack Obama. In this campaign, the 75-year-old Paul said today, Mr. Obama won't be able to hang on to the youth vote.
Pretty good interview. Talks about Ron and Donald Trump.
after watching that annoying spitzer guy - what a refreshing show here