Ron Paul on Abramoff, Reform & the Federal Reserve


FilthyRich's picture

NOW, before you BLAST me for posting ANYTHING by Ron Paul (R-TX) I'd like you to consider this position, because even though Ron Paul is VERY conservative on social issues, his "conservative" economic viewpoint has addressed many issues progressively, from Corporate Welfare to our Fiat Money System. IN FACT, Ron Paul was one of only SIX GOP that voted NO on the Resolution to Use Force in Iraq (See HR RES 114 - Roll Call Vote - the other GOP were Duncan, Hostettler, Houghton, Leach & Morella, fyi).

From -t r u t h o u t-
Searching for a New Direction

It's been suggested we need to change course and correct the way Congress is run. A good idea, but if we merely tinker with current attitudes about what role the federal government ought to play in our lives, it won't do much to solve the ethics crisis. True reform is impossible without addressing the immorality of wealth redistribution. Merely electing new leaders and writing more rules to regulate those who petition Congress will achieve nothing.

~snip~
This system of government is coming to an end- a fact that significantly contributes to the growing anxiety of most Americans, especially those who pay the bills and receive little in return from the corrupt system that has evolved over the decades.

Believe me, if everybody benefited equally there would be scant outcry over a little bribery and influence peddling. As our country grows poorer and more indebted, fewer people benefit. The beneficiaries are not the hard working, honest people who pay the taxes. The groups that master the system of lobbying and special interest legislation are the ones who truly benefit.

The steady erosion of real wealth in this country, and the dependency on government generated by welfarism and warfarism, presents itself as the crisis of the ages. Lobbying scandals and the need for new leadership are mere symptoms of a much, much deeper problem.

~snip~
Our system of democracy has come to mean worshipping the notion that a majority vote for the distribution of government largesse, loot confiscated from the American people through an immoral tax system, is morally and constitutionally acceptable. Under these circumstances it's no wonder a system of runaway lobbying and special interests has developed. Add this to the military industrial complex that developed over the decades due to a foreign policy of perpetual war and foreign military intervention, and we shouldn't wonder why there is such a powerful motivation to learn the tricks of the lobbying trade- and why former members of Congress and their aides become such high priced commodities. Buying influence is much more lucrative than working and producing for a living. The trouble is the process invites moral corruption. The dollars involved grow larger and larger because of the deficit financing and inflation that pure democracy always generates.

~snip~
The theft that the federal government commits against its citizens, and the power that Congress has assumed illegally, are the real crimes that need to be dealt with. In this regard we truly do need a new direction. Get rid of the evil tax system; the fraudulent monetary system; and the power of government to run our lives, the economy, and the world; and the Abramoff types would be exposed for the mere gnats they are. There would be a lot less of them, since the incentives to buy politicians would be removed.

~snip~
The system of special interest government that has evolved over the last several decades has given us a national debt of over eight trillion dollars, a debt that now expands by over 600 billion dollars each year. Our total obligations are estimated between fifteen and twenty trillion dollars. Most people realize the Social Security system, the Medicare system, and the new prescription drug plan are unfunded. Thousands of private pension funds are now being dumped on the U.S. government and American taxpayers. We are borrowing over 700 billion dollars each year from foreigners to finance this extravagance, and we now qualify as the greatest international debtor nation in history. Excessive consumption using borrowed money is hardly the way to secure a sound economy.

~snip~
The biggest rip-off of all - the paper money system that is morally and economically equivalent to counterfeiting- is never questioned. It is the deceptive tool for transferring billions from the unsuspecting poor and middle-class to the special interest rich. And in the process, the deficit-propelled budget process supports the spending demands of all the special interests - left and right, welfare and warfare- while delaying payment to another day and sometimes even to another generation.

~snip~
During this administration the dollar has suffered severely as a consequence of the policy of inflating the currency to pay our bills. The dollar price of gold has more than doubled ($252 to $560 per ounce, a 122 % increase). This means the dollar has depreciated in terms of gold, the time-honored and reliable measurement of a nation's currency, by an astounding 55%.

~snip~
The question is, what will it take to bring about the changes in policy needed to reverse this dangerous trend? The answer is: quite a lot. And unfortunately it's not on the horizon. It probably won't come until there is a rejection of the dollar as the safest and strongest world currency, and a return to commodity money like gold and silver to restore confidence.

The Abramoff-type scandals come and go in Washington, patched over with grandiose schemes of reform that amount to nothing but more government and congressional mischief. But our efforts should be directed toward eliminating the greatest of all frauds - printing press money that creates the political conditions breeding the vultures and leeches who feed off the corrupt system.

Counterfeiting money never creates wealth - it only steals wealth from the unsuspecting. The Federal Reserve creation of money is exactly the same. Increasing the dollars in circulation can only diminish the value of each existing dollar. Only production and jobs can make a country wealthy in the long run. Today it's obvious our country is becoming poorer and more uneasy as our jobs and capital go overseas.
~~~

...the rest at t r u t h o u t

Please read the entire article before you reply, as I have highlighted just SOME of his points. Ron Paul may be a social conservative, but the points he makes here make ECONOMIC sense.

"HA!" I hear you say, "Paul is a Right Wing Whack Job!" and "He's a bushco enabler!" or "Rubberstamper". But I say, here is a guy we might be able to reach out to, to get rid of the caustic pro-bizness race-to-the-bottom environment accelerated by this regime.

Got GOLD?

jen's picture
Submitted by jen on January 24, 2006 - 9:13pm.

stay in the Repub party at this point or support this King. I kinda feel sorry for him, his party has definitely been hijacked.


Once in a while you get shown the light, In the strangest of places if you look at it right. - Hunter/Garcia


Submitted by msbehavinforclark on January 24, 2006 - 9:20pm.

Why would you stay within a party that has obviously become a fascist society of military corporatists?

tonyw's picture
Submitted by tonyw on January 26, 2006 - 6:01pm.

Going back to the gold standard or something like that?

Yeah, he's right.  The dollar doesn't have anything backing it other than the US government's word.

But the words "full faith and credit of the United States government" mean so much that in finance, you use the six month treasury's interest rate as your risk free rate!

Remember, when el Presidente was talking about risky IOUs, one of the things we used to pound him is that these "risky IOUs" were treasury bonds, which have never been defaulted on.


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