Federal Reserve

For those who don't understand the seriousness of what the government has done, this is a great video of top financial talking heads with Ron Paul, that explains why the Federal Reserve is perhaps not the best or most legal or beneficial system there is. I suggest all detractors watch it many times until it sinks in.

by Michael Nystrom | November 9, 2007
Bull! Not bull

Part I

It was a bit nostalgic for me to see footage of Ron Paul addressing Ben Bernanke on live TV yesterday, as it was almost five years ago that I was first introduced to Ron Paul in the same way. Back then (February 27, 2002), I saw Dr. Paul for the very first time, live on CNBC as I was getting ready for work. At the time I didn't know who he was, but I was astounded by what I heard. He was addressing then Fed Chairman Greenspan on the Federal Reserve, and speaking plain and honest truths: "In many ways I feel that the system you have been asked to manage is similar to an Enron system..."

Enron had just recently gone bankrupt, so I couldn't believe my ears. He continued on, stating truths about the fraudulent Federal Reserve System that nearly everyone else in Washington actively seeks to avoid.

I was hooked, and five years later Dr. Paul is still at it. Yesterday he was addressing Ben Bernanke, hauling the Fed's polite euphemisms out into the sunshine, naming them for what they are: "...they don't say inflate the currency, they don't say debase the currency, they don't say devalue the currency, they don't say cheat the people who save...They say, 'lower interest rates.' But ... I don't hear you say too often, 'The only way I can lower interest rates is to create more money.' ...So my question boils down to this: 'How can we expect to solve the problems of inflation...with more inflation?"

Thank you, Ron Paul, for simply speaking the truth:

Thank you to 1sageee for uploading this to Youtube. More details from CSPAN

A friend just emailed me with this news: "CNBC's Rick Santelli reporting a roar of "Ron Paul!" chants in the trading pits of Chicago as Paul blasts Bernanke about the dollar...."

Full video - Parts I & II on CNBC - look on the right hand side for video links (thank you to takeaction for the tip)

Most people never make the connection why prices are rising. This article from the AP doesn't. It describes how bad things are getting for people, but doesn't mention why paychecks can only be stretched half as long as before. Ron Paul makes the connection - it is the Federal Reserve, printing more and more money, making the money in your paycheck, your wallet, and your bank account worth less and less. AP Article follows below:

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Workers are juggling ever-increasing housing, food and energy bills

By ANNE D'INNOCENZIO | THE ASSOCIATED PRESS

NEW YORK -- The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.

Across the nation, Americans are increasingly unable to stretch their dollars to the next payday as they juggle higher rent, food and energy bills. It's starting to affect middle-income working families as well as the poor, and has reached the point of affecting day-to-day calculations of merchants like Wal-Mart Stores Inc., 7-Eleven Inc. and Family Dollar Stores Inc.

Listen to it here. Visit Steve's new site, Ron Paul Songs here.

Lyrics below:

by Ron Paul
January 29, 2007

Originally published here:
http://www.house.gov/paul/tst/tst2007/tst012907.htm