Ron Paul's Texas Straight Talk on the Bailout

Hear hear!! Finally a legislator who that the "Emperors of Washington" have no clothes!! I didn't creat this mess - greedy people made this mess!! Just like the greedy morgage companies looking for a quick buck!! THe buck should have stopped the other night but I feel special interest group win again!! I've long seen the slide to socialism but this is a free fall to it! THe same people who created this fiasco will still be at their offices Monday morning with the same freedom to mess it up again! I'd fire them in a New York minute!! But the reality of our special interest ladened government is that they will not insist that happen as a condition of resolution. Too bad Washington doesn't listen to the already overburdened tax payer on issue they get stuck with. Thanks Dr. Paul for your candor!!! Dave Nelson, CTP, MBA Financial Analyst

Thank you for writing this article. I find it frightening that many of those who helped caused these firms to fail are now in charge of the bailout, while those who have been warning this was our future are ignored. Perhaps in a few weeks or months when this money is gone and bailout 2.0 is urgently demanded by our president we'll do better.

Everything Ron Paul has said since the 80s has come true. People need to start listening to him more.

Dr. Paul Is Correct. Where Do We Think All This Money Comes From? We'll Kids, The Fed Fires Up The Presses, Prints New Money And Sends The American Tax Payer The Bill Plus Interest. Meanwhile With All This New $$$ In Circulation Things Cost Us More (Inflation). And REALLY, Who's Going To Benefit? The People Who Created The Problem Ofcourse! Who Suffers? The American Taxpayer. And Will We Ever See Any Profits On Our Investment(Bailout)? That's Assuming We Make a Profit Which Is Unlikley Because What We Bought Was Bad Debt. No, Because We Are Now 11 Trillion Dollars In Debt And It Will Never Be Payed Off Because The Government Keeps Creating New Debt. It's Very Simple Math. In addition, This Is A Perfect Example Of How People Are Ruled Through Fear. We Were Against This Thing At First, But After A Few Weeks Of Hearing "Dome" And "Gloom" In Every Media Outlet In The World, We Changed Our Tune. The Said Thing Is That The Doom And Gloom Is Inevitable. The Only Question Is When?

No comments? America loses a battle and goes back to sleep? Go ahead and roll over there wo'nt be any sheep to count before long so count while your government helps the banksters steal them from under your mattress. Then comes back for the mattress. I actually had hope that America was waking up. :(

Finally, one decent reporter on this bailout. I'm just saddened the media couldn't have done a better job earlier to get solid truthful information out to the public before congress and the white house had their way. Thank you Ron Paul and thanks Ms. MacDonald for inserting some common sense into the diaglog.

If the primaries were going on right now, John McCain would not be the Republican nominee, Ron Paul would be. Many of my ex-McCain supporting republican friends feel the same way. This "rescue" bill was a mistake. Even the President kept saying that the bill is not perfect. Then DO NOTHING! I heard Obama say that he didn't agree with it, but he would vote for it. If the American people wanted a true MAVERICK in the white house, they should have nominated Ron Paul. Instead he was virtually laughed off the stage by the likes of Giuliani, Romney, and McCain throughout the primaries. People, this is your wake up call. I beg of you, never again to let the mainstream media annoint your candidates for you. All major media outlets were mocking Ron Paul a year ago, now he is seen as an intellectual savior of the economy. It's sad, sad that's it's too late for real change now. This was the last attempt for Dr. Paul. He is 72 now, so it's probably safe to say, he won't be running in 2012. If he did...I'd still be voting for the old "kook". God bless Ron Paul, one of the few patriots left.

Absolutely correct, $700 billion plus dictatorial financial powers for the Treasury Secretary is huge and I cannot fathom why there has been no real debate on this issue. Ron Paul is the only one out there talking sense about the economy. There are a lot of PEOPLE out there listening, but politicians won't listen. Why is this?

I would just like to say that Ron Paul has been predicting this for 20+ years!!! we would not be in this mess if people had woken up and voted for him. The Federal Reserve is the cause of all our problems.. we NEED to get rid of them and the people in the government who are not following the Constitution.. this is TREASON. today we have been sold out just like in 1913.

I want Ron Paul for President.

I think I like you Elizabeth....Good article.

Thank you again Dr. Paul for being frank with us. Once again you will be proven essentially correct when the dust clears and the reality of Congress's irresponsibility is in full view and felt by every citizen in the form of higher prices for everything because our currency has been further compromised. What a bunch of lemmings we have in D.C. Oh, and by the way, did you notice the 495 point DOW drop after the House passed the measure? Goes to show you just how wrong the advocates were! Shows also just how wrong Warren Buffet was! Doushbag!(sp). On November 4th, vote against those who voted for its passage and let's send a big message to each of them.

You’re Going To Guarantee Another Great Depression... Full Text of Ron Pauls speech to the House of Representatives today: “Madam Speaker, I rise in strong opposition to this bill, because it won’t solve our problem. It is said that we’re in a liquidity crisis and a credit crunch, and all we need is more...

Absolutely on the mark! Had the political news shows and debates actually been fair to Ron Paul during his presidential campaign, we may not be in this situation right now. However, Ron Paul is right-- the passing of this bill will bring about a depression greater than the 1930's. I hope America is ready to experience the negative economic consequences of voting for socialism (i.e. Obama and McCain). Now we all get to 'share the shortage'. Thanks for nothing, America. You just sold your country to China today.

It's about dang time people started listening to Ron Paul. We his faithful supporters have only been screaming it for the past year. Oh well, better late than never...I just hope more people start listening to the one man in Congress who is actually making any sense whatsoever. Oh, and BTW...END THE FED!

Thank you for writing an honest article about the truth of this "bailout". I hope that many more Americans with any sense left in them will wake up and punish our legislative body this November by voting for the non-incumbent candidates. We need a list of every Representative and Senator in Washington who voted for this insane "bailout" for these bad businesses, and they should all be fired! We also need to hold our government responsible for creating an incentive for these companies to give out bad loans in the first place. The Feds. did so through the Community Reinvestment Act and with the help of "community organizations" like ACORN, and now they want to solve the problem they created in the first place. You've got to be joking!! I have ZERO TRUST for nearly every politician in D.C.; we would never run our own households the way they do our government, which now has a debt approaching the tens of trillions of dollars, not to mention the inflation, if not stagflation this is going to cause. And who will we look to to solve that future, and more serious problem, when our dollar is worthless? I'm sure Master Government will have all of the answers, the same reactionary ones we're witnessing today. Maybe they'll even approve of the IMF coming in to "manage" our crisis, totally violating our national sovereignty. In this next election, I encourage anyone with sense to vote third party. Look up the Constitution Party; it is very much in tune with Ron Paul's fiscal, monetary, and foreign policy. Ron Paul is a hero, and the American people need to wake up and hear what he has to say, even if his voice is one among a sea of idiocy.

Ron Paul I have no dought in my mind sir that you are absoulutly correct. The time has come to become lean and mean! Ron salars

I really never got to now Ron Paul well, but I know now that he was right all along. The current Republican and Democratic congress and senate have doomed us to hell. There will be a temporary rally in the markets when the bill goes through. At this time pull out all of your investments and find the safest thing you can. Gold, mattresses whatever. It is only after Rome burns to the ground that we conservatives can rally to rebuild it with a solid constitutional foundation.

Ron Paul stood up for the taxpayers, and for the Free Market Economy as Bush, McCain & Obama joined to push through the taxpayer funded give-away to well-connected bankers. It is time for Americans to recognize the reality of big government, and the threat it poses to American values and American prosperity. We need more people in Congress like Ron Paul, and we need to retire the George Bush and John McCain types who talk about private enterprise and then push socialism for the rich.

Ron Paul wants to abolish the FED. But if that succeeds, then the monetary system would fall into the hands of Congress. And you saw what happened today. What is the difference? Our government leaders are so corrupt, they expect people to vote for corruption as well as applaud it. Bill

Its nice to hear people are finally starting to listen to what he has to say. Paul has had a hard road. Even though he has followers and people who really want to listen. The media did a great job of censoring him during the debates, people mocked and laughed at him because he didnt want war, FOX included. O'reily ridiculed him giving him no chance to talk, only wanting to talk about his views on the war. At least Glenn Beck is starting to come around. Its pretty simple, we are broke how can we afford to fund an overseas military a Trillion + dollars each year. We cant even cloth ourselves, everything is made in China. We have been sold out by our government and now we watch the ship sink. All I know to do is to right his name in. I have a question for all the Obama supporters. Where is Obama going to get all the money for his social programs and more big government? A. More Taxes B. Borrow from China C. Print more money. D. All of the above. If you choosed all of the above then welcome to the Bush policy, not change. We had the opportunity for change, and that was Ron Paul. I would absolutly love to see Paul vs. Obama and McCain in and Economy debate.

The Root Cause of the "Financial Meltdown." 1775: the American Revolutionary War began. America sought to detach from England and its oppressive monarchy. Though many reasons are cited for the Revolution, one in particular sticks out as the prime cause: that King George III of England outlawed the interest free, independent currency the Colonies were producing and using for themselves, in turn forcing them to borrow money from the central “Bank of England”, at interest, immediately putting the Colonies into debt, and as Benjamin Franklin later wrote: “The refusal of King George III to allow the Colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the Revolution.” In 1783 America won its Independence from England, however its battle with the central bank concept, and the corrupt, greed filled men associated with it, had just begun. So, what is a central bank? A central bank is an institution that produces the currency of an entire nation. Based on historical precedent, two specific powers are inherent in central banking practice: the control of interest rates, and the control of the money supply or inflation. The central bank does not simply supply the government’s economy with money, it “loans” it to them, at interest, then through the use of increasing and decreasing the supply of money, the central bank regulates the value of the currency being issued. It is critical to understand, that the entire structure of this system can only produce one thing in the long run: DEBT! It doesn’t take a lot of brains to figure this scam out: for every single dollar produced by the central bank is loaned at interest. That means every single dollar produced is actually the dollar plus a certain percentage of debt based on that dollar. Since the central bank has the monopoly over the production of the currency for the entire country, and may loan each dollar out with immediate debt attached to it, where does the money to pay for the debt come from? It can only come from the central bank again, which means the central bank has to perpetually increase its money supply to temporarily cover the outstanding debt created, which in turn, since that new money is loaned out at interest as well, creates even MORE DEBT! The end result of this system, without fail is SLAVERY, for it is impossible for the government and thus its citizens, to ever come out of the SELF GENERATING DEBT! The Founding Fathers were well aware of this: “If the American People ever allow private banks to control the issue of currency…the corporations, that will grow up around them will deprive them of their property until their children wake up homeless on the continent their fathers conquered.”—Thomas Jefferson US President 1743-1826 “If you want remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nations credit.”—Sir Josiah Stamp, head of the Bank of England, 1880-1941 In the United States we have had such a bank since 1913. The Federal Reserve Incorporated. This is not a government agency. It is a private bank owned by several member banks, and it operates for a profit to its stockholders, 70% of whom are EUROPEAN! Only 30% of its owners are even American. Depressions do not occur naturally. If the stock market crashes, the only people really hurt are those who participate in the market. Even then wealth doesn’t disappear; it merely transfers to fewer hands. So what caused the “Great Depression”, one might ask. From 1921- 1929, the central bank or Federal Reserve, increased the money supply by 62%, resulting in extensive loans to individuals and banks, there was also a new type of “margin loan” in the stock market, which allowed an investor to put down only 10% of a stocks price, with 90% being loaned through the broker. A person could own $1000 worth of stock for only $100. This is why they called it the “Roaring ‘20s”, everyone seemed to make big money in the markets. There was a catch to this loan: it could be called in anytime, and the borrower had 24hrs to pay. This is termed a “margin call”, and the typical result of this is the selling of the stock purchased with the loan. A few months before October 1929, J.D. Rockefeller and many other bankers and insiders, quietly exited the market, and on October 24, 1929 the New York financiers, who supplied these loans started calling them in en masse. This sparked an instantaneous massive sell-off for everyone had to cover these loans, resulting in bank runs, also for this reason collapsing 16,000 banks. The conspiring bank cartels bought up rival banks and massive corporations for pennies on the dollar, the greatest robbery in American history. It didn’t stop there, rather than expanding the money supply to recover from the damage, the Fed actually contracted it, fueling one of the largest depressions in history. Congressman Louis T. McFadden in outrage stated: “It was a carefully contrived occurrence. International bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all.” Not surprisingly, and after two previous assassination attempts, McFadden was poisoned at a banquet before he could push for impeachment proceedings against the Federal Reserve Board. Wake up citizens, it is happening again. Increased money supply, calling in of bank loans, and increases in the markets only add up to one thing: they are doing it again. The Fed has the power to bring the country to its knees, all it has to do is call in bank loans and decrease the money supply. It’s math plain, and simple. We are SLAVES to the Federal Reserve Central Bank, and its stockholders until we abolish it, and Congress coins our money without interest, as it is ought to. This is not a new or radical concept, the Colonies did it, and Lincoln did it, with great success, I might add.

TO FOX "NEWS".... YOU MAY CLOAK MY COMMENTARY (WHICH SQUARELY CONDEMNS YOU AND YOUR PALS). YOU MAY CLOAK RON PAUL AND HIS MILLIONS OF SUPPORTERS. BUT YOU ARE SLIDING, NONETHELESS. THE CIRCLE HAS ALMOST FULLY TURNED. YOU ARE BEING "FOUND OUT" EVERY MINUTE.

WELL FOLKS.....THE MEDIA PUPPET-MASTERS THAT OWN THE USA AND ALL OF WESTERN EUROPE, HAVE THEIR PLAN IN PLACE....AND FUNCTIONING WELL. THE UN-ARMED, STUPID SHEEPLE HAVE AGAIN BEEN STEERED BY THE MEDIA AWAY FROM CANDIDATE RON PAUL....AND STRAIGHT INTO THE ARMS OF THE MEDIA CHOICES....HOWDY OBAMA AND MR. BLUSTER. THE SMOKE-SCREEN LAYS HEAVY OVER THE FAKE ELECTION PROCESS AND THE CRIMINALLY CONSTRUCTED ROBBERY OF THE PEOPLE. THEY HAVE BEEN SKILLFULLY FRIGHTENED INTO PAYING-OFF THE FINANCIAL MASTER-VILLAINS....WITH THE ALMOST WORTHLESS BUCKS OF THE PEOPLE. THESE FIENDS OF FINANCE JUGGLE THE BOOKS, FUNNEL DARK MONIES TO SWISS BANK ACCOUNTS....AND GROW, GROW, GROW RICHER. THE MONEY THEY DON'T KEEP THERE GOES HOME TO ISRAEL....TO HELP PUNISH ARABS (WHO WANT THEIR LAND BACK). BRITAIN IS AGAIN FILLING THEIR SECRETARIAL OFFICES WITH THESE MASTERS OF THE "SLIGHT-OF-HAND". FRANCE AND IRELAND ENJOY ONE AS "PRESIDENT". ANOTHER ONE IS THE "TITAN OF NYC" WHO IS DESPERATE TO INSTITUTE "THIRD TERMS" NOW....FOR HIMSELF, OF COURSE. AND NATURALLY....WHO ARE THE HEADS OF THE US TREASURY AND FDIC? YEP....YOU GUESSED IT. NOPE, THEY DON'T WANT INTELLIGENT, HONEST RON PAUL AS PRESIDENT. HE "SPEAKS THE TRUTH"....AND THE TRUTH IS LIKE THE "LAMP, COMING FROM UNDER THE BUSHEL....LIGHTING THE "DEN OF THIEVES". THEY FEAR THE LIGHT, RATHER LIKE DRACULA. OH, YES....THEY ARE QUITE REAL. AND A FOOL IS ALWAYS EASILY SEPARATED FROM HIS MONEY.

"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot." - Mark Twain I wonder when the rest of the sheep in the congress will join Ron Paul and start being the true patriots they are supposed to be. If they dont do this soon, we will be reduced to nothing more than worker bees that perform our labor for the Federal Reserve and nothing else.