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Ron Paul Slams “Born-again Budget Conservatives”
“Too little too late”: Congressman on Republican opposition to stimulus package
Steve Watson
Infowars.net
Monday, Feb 9th, 2009
Texas Congressman and member of the House Financial Services Committee, Ron Paul, has slammed Republican opposition to the latest proposed stimulus bill, saying it cannot make up for the last eight years of unfettered spending.
“In some ways, it’s too little too late,” Paul said in a video address on his Campaign for Liberty Website. “it’s like they’re born-again budget conservatives.”
“Where were we in the past eight years, when we could have done something? It is the last eight years that has set this situation up. So we can’t blame the Democrats for the conditions we have.” Paul continued.
“We have to blame both parties and presidents of the last several decades to have generated this huge government.”
The Congressman also slammed three Senate Republicans for voting with the bill.
“It’s unfortunate that the three Republicans caved in and went with the Democrats.” Paul said, referring to GOP senators Sens. Susan Collins and Olympia Snowe, both of Maine, and Sen. Arlen Specter of Pennsylvania.
(Article continues below)
The Congressman also criticized the proposed stimulus, calling it a “pure spending package” and pointed out that the so called “compromise”, that will see the bill cut to $780 billion, is nothing of the sort.
“This is not unusual in Washington, to propose a higher number and then pretend you’re acting fiscally conservative by cutting back.” Paul explained.
The Congressman also explained why the federal government should not have the responsibility of overseeing the revival of the economy.
“They create money out of thin air, keep low interest rates artificially, and cause people to do things they wouldn’t have otherwise done. They malinvest, they build too many houses.”
“Sure, we want more spending,” Paul said. “We need a lot more spending in the economy, but it has to be done by market forces, by individuals, by businesses making proper decisions.”
“Most people think that inflation is only high prices, but that is just one of the consequences of inflation. Inflation is the distortion of interest rates in the money supply which causes people to do dumb things.”
“The bigger problem is that the Fed is still intact, secretly passing out trillions of dollars, causing people to make more and more mistakes.” Paul said.
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37 Responses to “Ron Paul Slams “Born-again Budget Conservatives””
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February 9th, 2009 at 12:07 pm
Dr. Ron Paul hits the nail on the head again!
We need less government. Government does not own any factories and produces no goods. We need worthwhile production. Tax cuts will stimulate spending which will cause production to increase.
Look we spend 42% of our tax dollars on “past and current military:”
http://www.nationalpriorities......2008/10000
and if we cut one war it would save lives and money that can be used for us. And we need it.
February 9th, 2009 at 12:08 pm
My hero and a true patriot!
February 9th, 2009 at 1:37 pm
Yea Ron Paul. The media didn’t appove got pushed out of way. Your “fellow” Americans
that Media is. They pick their Man the big Money Boys crash the Economy right before
the Election. Then Voila The New York Fed Savior Gikner has a plan. While the crap was
going down in New York where of Course The New York Fed would know Nothing they
know nothing of course. But here He Comes Mr. GiKner now he knows what to do. Maybe
Kissinger told him he use to work for Kissinger. Yea you gotta luv it. Always plotting
and schemeing. Funny other people knew things were f***ed up a couple years ago.
But no no nobody Knew Nothing I know Nothing at the New York Fed.
Just one Big Happy Family Gikner Bernanke Kissinger and all the Neo-Cons the major
accounting wiz Dov just a Big Happy Family………. Is that Isreal Flag up yet over Congress
they are taking forever to get it up.
anti idiots too Reply:
February 9th, 2009 at 10:45 pm
Christians persecuted under Islam
http://www.youtube.com/watch?v=ZWpIWDjQLUU
The trailer of Pierre Rehov’s last film ” First comes saturday then comes sunday “… First Islamist will kill all the Jews ( who pray on saturday ) then they will kill all Christians ‘( who pray on sunday )
February 9th, 2009 at 1:44 pm
Lets see AIG gets 150 Billion Market Cap of Company is 2.69 Billion Nice
Great Deal. 150 – 2.69 = 147.33 Nice Deal No nothing “fishy” here no makes tons
of sense. Its the New Math. New American Century and the New Math. Its so much
fun like a Big Fat Cold Sore oozing Pus with dead body parts lying in deserts like Death
stinking with blown out guts all over everywhere. Oh but the War Profits boss the War
Profits kick ass got me a New Yacht Yes Massa sir yes Massa yes sir.
February 9th, 2009 at 1:58 pm
Burned out in SuckerVille. is that On Budget or Off Budget. I love that shit biggest Bullshit
on Budget Off Budget “HEY Lookee at the Suckers” Lets feed the suckers lots of Bull shit
and make shit up and see if they believe it. Ok sounds like fun hey Need a Billion just
go over a Crap a couple OK cool need a Receipt no its free its OFF Budget oh cool partee
Zimbabwe just Introduced a 100 Trillion Dollar Note. they could Buy all of America if they
want and get Change. Anybody know anybody there only need one of those pieces of
paper say 100 trillion on it. It’s Legit.
February 9th, 2009 at 2:12 pm
Its funny though the Elites are good at Math when there CheckBook is in play. Have a
problem with other people’s Money. It must be a DNA thing. its The Madoff Virus yes that
is it. Its a sickness Madoff Not Guilty has a Sickness its the Investors Fault yes sue the
Investors they did it. No its on Budget no its off Budget no its on the Bad bad bank’s
budget no its just lost IT came From the Bank of Thin Air and went Bank to the Bank of
Thin Air. Its that Magically Mystery Money Tree there is a song here I Know where it is
Go to the US Treasury site and find out what Countries own the DEBT. There is a Column
that says OTHER COUNTRIES they have 160 Billion in Debt Notes yes it is that OTHER
Countries Place under that there will be the MOON. YES the MOON holds the DEBT
SHackles that is Cool. Its the magicall Mystery Moon Bank. I see with my Telescope
yes you can see it tonight. What there is a cheese stand next to it. Told ya the Moon was made of Cheese. Jeez
Shep Reply:
February 9th, 2009 at 7:02 pm
What are you a nut-job?
February 9th, 2009 at 2:20 pm
Need a speech yes a speech about no more BS. Yes a Speech about the Change yes
the Change the Speech the Uplifting about no Corruption The Dream The Speech The
Change. The Bailouts the no Bailout no you get one and you over there you you non
American you no Bailout for you. Oh but you yea you the Bad Banker Boy bad bad boy
here is a Cool 50 Billion daddy Bernanke loves you little tribal cousin. Its OK but you
NO. Sorry IRS will now tax your House sorry pay that Tax. ah I sorry can’t pay no
bailout sorry Mr. IRS will now take your house. Sorry
Afi K. James Reply:
February 9th, 2009 at 5:22 pm
Got that right.
February 9th, 2009 at 2:30 pm
Ah ah ah ah ah At the Institute of American DNA we are now Classifying who gets a Bail
Out. Please submit DNA. Thank you. Lets see you are not on List you say you where
boen here. hmmmmmm Well it says here you are Not Entitled to Bail Out. let me see
your DEM voting card. HMMMMMM you do not have right code. Hmmmm have to check
with Massa. Massa claims to be an American but DNA says not. hmmmm Who programmed
the Computer. Ohhhhhhhh says Mother was a REP thats it. Sorry here comes MR. IRS
Here comes Peter Cottontail going down to the FEMA camp hppity hop ooooz the smell
of Formaldehde wafting from the Morning Dew.
February 9th, 2009 at 4:23 pm
Most politicians are frauds.
February 9th, 2009 at 5:21 pm
Nobama continues to bring more of the same.
February 9th, 2009 at 5:59 pm
Thank you. Thank you. Thank you, Ron Paul.
Truth and common sense are sooooo refreshing.
February 9th, 2009 at 6:00 pm
BARffff! Let’s see… Dr. RP is still freaking out (the only one in CON-gress), the feD is still pumping out fake money… the imposter (usurper?) in the WH is still writing checks his butt can’t cash. Maybe the elections in Israel will bring new light to this dark, dark place. Mr. N is a serious guy. I’m sure he will attack someone, soon. There is always hope my friends. History dictates.. war. Pray for war.
February 9th, 2009 at 6:19 pm
People are understanding the Consequences of a Monstrous Governmatt that is BANKRUPT…time to sell our highways so the Foreigners can bleed the country dry…thanks Repubs and Demos.-
February 9th, 2009 at 6:31 pm
God bless Dr. Paul.
anti idiots Reply:
February 9th, 2009 at 10:44 pm
Homegrown Jihad
http://www.youtube.com/watch?v=c8_82YGXJe0
Come see the trailer to the hit new documentary film “Homegrown Jihad:The Terrorist Camps Around U.S.” Produced by PRB films, in association with The Christian Action Network…..
Scattered across the United States, unknown to all but a handful of citizens, are 35 Islamic terrorist training compounds known as Muslims of America. Under the leadership of a radical Pakistani cleric, Sheikh Mubarak Gilani, Muslims of America has thousands of devoted followers who are being groomed for HOMEGROWN JIHAD.
In never-before-seen video footage, the Christian Action Network exposes these dangerous terrorist compounds and reveals for the first time a secret training tape in which American Muslims are recruited to join one of the most advanced training courses in Islamic military warfare right here in America! They are called Soldiers of Allah and they are trained in explosives, kidnapping, murder, firing weapons, and guerilla warfare. They are told, Act like you are a friend, then kill him just like from the book.
February 9th, 2009 at 8:52 pm
The O-paper cutouts speech on the telly tonight did no instill confidence in me.
Promises always fall short of convincing me about much of anything.
Obama’s trust me then wait and see speech is only more of the same.
February 9th, 2009 at 9:07 pm
The Global “Elite” have billions if not trillions of your hard earned tax dollars and their fake fiat money at their disposal for the sole purpose of enslaving us all… Yes, they’re using YOUR money to keep you in bondage!
It’s time to push back as a single united force for humanity.
http://www.youtube.com/watch?v=Uns4n_Rd1do
February 9th, 2009 at 10:17 pm
Ron Paul is last Politicain with any Balls and is fair Minded. he is like the only one left with
any Soul. Rest all stupid ,sold out, or senile or Blackmailed. or drunk with Power who knows.
The new Ameriacn Century has really sucked ass so far. But look what Rothschild and his
clones did for Russia. They are different types obsessed with manipulation and Money
and Bossing people around turns them on. Thuigs just thuggee kind of weird. methodist
Cheney like are you kidding a Christian here smoke some drugs don’t think so. Christians
don’t lie and con other Christians no way. Phonie ass Bullshit Christian they are starting
to go south to. Big phonie ass psyo lying Christians all lairs can’t tell the true about nothing.
February 9th, 2009 at 10:20 pm
Here Borrow a Fucking Million from fucking where ask One of those assholes and they will not
tell. One simple guestion from where 1 trillion from where who gets Interest if you find out please. I will send dollar. Please tell……. 1 trillion from where simple question simple ?
Big fucking mystery to me…..
blindboy Reply:
February 10th, 2009 at 5:35 am
How much is a Trilllion dollars?
If, on the day Jesus was born, I agreed to give you a trillion dollars with one catch: That you had to spend a million dollars a day until it was gone.
As of last Tuesday, you would still have 270 billion dollars left.
That’s how much a Trillion dollars is. With a ‘T’.
It is impossible to borrow oneself out of debt.
February 9th, 2009 at 10:46 pm
A government powerful enough to give you everything is powerful enough to take everything. If the American citizenry is foolish or ignorant enough to buy into this game of financial three card monte, then we get what we deserve. I want the people of the US and the whole world to wake up and realize they can live in liberty before we sink into an financial or social abyss. Unfortunately, I fear that a society that contains so many that are most interested in the latest fad reality show and gets its news from evening comedy programming, will require a true disaster. If one trillion is good, why not two or three trillion? Maybe we should encourage the the (un)Federal Reserve doctor and the American citizen patient to take a fatal dose of fiat currency and monetary recklessness.
February 9th, 2009 at 10:56 pm
look the Ruling Class in America doesn’t worry about terrorism if they did they would sacrifice something. They know its all BS. they are well connected and have tons of Money
and are not dumb. They are just getting rich of the war. its a way to funnel money to
the Investment Class look at the stocks once we went to war. The Money crowd knows all
the games cause their parents did the Investing stuff. If we were in Peril real bad peril
there would be no Profiteering. it would be against common sense. We would want all resouces directed to protection all Monies. We will be at war forever. people losing jobs
could have been prevented. Who ever heard of selling houses with no jobs. I use to be real
estate agent would have put my ass in the Boobie hatch. hey got this guy makes 20,000
a year hey he is a 500,000 dolar house. Are you kidding? Now borrow 1 Trillion from
where from where and guess what they will need another real soon watch. How are they
going to spend it? Like how do you spend it? If we get Inflation and not everyone gets money
some maybe lots people will be in real trouble. Noy borrow just print for Now with US
NOTE. Just print US NOTE no borrow. Its cool looking its red in color ink. Some using them in 1967 I think after isreal blew the Shit out of the USS Liberty. Slaughtered our men
in Cold Ice Blood.
February 9th, 2009 at 10:59 pm
Answer US Note bring back US Note. No borrow No Borrow use US Note. easy less problems simple clean.
February 9th, 2009 at 11:04 pm
Ruling class does not deserve Army No Way they stink lie cheat and steal. Don’t deserve
Army. bad bad Ruling Class stinks greedy pigs. No Blood for Bums.
February 9th, 2009 at 11:06 pm
no more Dead soldiers for stinkke greedy lying pigs. Really stinkin lying greedy Ruling Class
No Honor No Class No Army for them.
February 9th, 2009 at 11:14 pm
Ron Paul needs ton of Protection last hope for Honor. Last hope for Honor. needs protection
worried they might kill him . Only one left with Balls. Only one…….. last Hope for Honor…..
February 9th, 2009 at 11:36 pm
When he picked Gikner I went hold it. He was the Head of the New York Fed. Ground zero of the
fucked up money seen right? I went why did he pick him not fire him. Then voila we got played. I voted for the Big O. Now feel dumn. I did not know his Court. Big Money boys crashed or get quiet destruction on Wall Street. people paniced Obama looked good. Love Ron Paul but did not think could win. Got fucking played. Gigner kept lid on destruction
playe us Beautifully him and Axelrod Caused the problem the Lookee here Solution.
Gigner at Ground Zero at New York Fed Kissinger Clone and bingo bango now head of
US Treasury. When you vote for people you don’t know who their Court will be.
Gikner should have been fired for Failing at new York Fed but now rewarded for his
market and bank cover up. this problem could have been fixed early on let go for
a Political Chip. Beautiful got played real good. These handlers are pros at this stuff Axelrod and his boys. You have to hand it to them . The new York Fed had to know just like 9/11 plot,plot,plot and scheme scheme. keep the court in the Wings.
February 9th, 2009 at 11:43 pm
4 more soldiers died Monday.
February 9th, 2009 at 11:45 pm
I have read through each and every one of your rantings, and it’s the same every article, every night, and it has become nauseating. When will you tire of yourselves?
You call for revolution but you have already been blessed with one, one you did not expend any blood, toil, nor fortune for. You have nearly forfeited your prize from that revolution, and now you beg for another. Sadly, however, were you granted your request, and if you were to prevail, and at whose expense?, it would do you no good, for I can foresee the same lackadazical character, once again, allowing it to be stolen from you. It is not revolution that you need, but resolve, determination, and most of all responsibility to each other. November last, you all had the opportunity for revolution, yet you re-elected the same tyrannical individuals that have brought you to this point, and those that you complain here daily about. You have no one to blame but yourselves. You have failed at the responsiblity your founding fathers passed onto you as guardians of good government. You have done exactly as you were instructed not to. Dr. Franklin warned, directly from the door of the convention hall when asked about your new government – a republic, if you can keep it. You have not. Government on the other hand, unchecked, has performed exactly as it will, as it has for centuries. Blame yourselves for your irresponsibility. When will you wake up, countrymen? Too late? Or, now?
James Madison
February 9th, 2009 at 11:47 pm
Not good Country for Christians not good bad place you have to be like them they are different. not good for Christian Mind bad place bad place have a whole different Moral Code or Ethics or something.
February 10th, 2009 at 12:51 am
This is now a country of Judaic/Masonic values, not Christian. If I had children, I would move back to the land of my grandparents, Ireland.
February 10th, 2009 at 2:59 am
The Federal Reserve is so important to the welfare of every American man, woman and child that Thomas Jefferson predicted that the people of America would become destitute if it were ever handed over to private bankers.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Jefferson’s dire warnings were ignored: the running of the Federal Reserve was handed over to private bankers in 1913, and these same private banks have turned the American economy into a giant debt creating machine on which they earn interest.
And Jefferson’s prediction has come true. Millions of Americans today are waking up homeless in cars, streets and tent cities on the continent their fathers conquered. Millions more people are set to lose their homes in an economic crisis that has been artificially engineered by the banks precisely in order to sieze homes and assets.
This economic crisis, though, could also cost Americans their liberties because the apparatus of martial law is already in place to deal with the “unrest” that will result from the impoverishment on this scale of the people of America by the banking elite.
US troops serving in Iraq and Afghanistan might soon be come home to find themselves living on the streets or in FEMA camps in a country run by the UN under martial law and using the Amero currency.
The mechanisms of debt creation and foreclosure that allow private banks — thanks to their control of the Federal Reserve — to suck up every asset in America and gobble up the entire economy are never explained in the mainstream media owned by those same banking interests.
No one explains just how private bankers have constructed an efficient machine to move the wealth from every corner of America into their hands – and why the foundation stone of this efficent vaccum cleaner that is capable of sucking out every scrap of wealth from America is the Federal Reserve.
“Give me control over a nations currency, and I care not who
makes its laws,” said Mayer Amschal Rothschild.
The Federal Reserve is the ulimate source of all the money that private banks create out of thin air – and then lend to others but this time charging real interests and secured against real assets such as houses, gold.
By first lending money – so creating inflation and a credit bubble –and then seizing assets when people can no longer pay the interest by creating a deflation, a depression and joblessness – the banks can gobble up bit by bit every asset in the country as one bankruptcy is filed after the other.
The same banks are set to push the dollar currency over the cliff by creating hyperinflation through excessive national debt in the ultimate act of foreclosure on a nation’s wealth– leaving hundreds of millions of Americans destitute.
The banks can create money out of think air because the fractional reserve banking system currently in place requires banks to have only a fraction of the amount of the money that they lend in their reserve. For example, banks might need only 5 dollars backed up by real assets,for example, property and gold, for every 100 dollars they lend out The 95 dollars of that loan is created out of thin air. It is electronic money. Yet the banks charge interest on all 100 dollars!
Supposing a bank loans a couple 200,000 dollars at 5 per cent interest to buy a house worth 300,000 dollars in a case where the couple put down 100,000 dollars from their own savings.
In this case, the actual cash or liquid assets the bank needs in reserve on its balance sheet is only 10,000 dollars. The rest — 190,000 dollars — is thin air, electronic digit money the bank creates.
The couple, however, has to repay 10,000 real dollars (ie backed up by real assets, goods and services) every year if they have a mortgage rate pegged at 5 per cent.
Supposing a couple pays their mortgage for three years, then the bank earns 30,000 dollars. But iif one or both lose their job in a sharp economic downturn, they are unable to keep up payments, so allowing the bank to take possession of the house worth 300,000 dollars through the mechanism of bankruptcy and foreclosure.
That means, for an initial reserve of only 10,000 dollars on their balance sheets, the bank has earned 30,000 dollars in interest and also obtained an asset worth 300,000 dollars, making 330,000 dollars in 3 years.
It’s even better for the banks than that.
Each time, someone deposits money at the bank, that deposit adds to the reserves on the bank’s balance sheet and can be leveraged to make loans that earn the bank yet more interest.
So if the couple, deposit their 200,000 dollar loan, this deposit counts as a new reserve and the bank can make correspondingly more loans!
Banks can therefore issue almost infinite loans always charging interest. As long as the banks can bankrupt the economy from time to tome, forcing defaults, they can then gobble up bit by bit the entire economy, including farms, companies, and leaving Americans homeless and jobless.
Behind this money-making scheme for the private banks stands the private Federal Reserve and behind that stands the ultimate guarantor: the US government and the US taxpayer.
Thanks to the guarantee created by the pool of goods and services produced by the America people, Federal Reserve can create unlimited amounts of electronic dollars, which it then gives to private banks, who then make interest bearing loans.
The banks want to see the government implement economic policies that massively increase household and national debt so they can earn interest and then seize assets, including companies and farms.
Obama’s current Treasury Secretary Timothy Geithner has worked for private New York Fed and acts for the bank’s interest as have the Treasury Secretaries before him. Most of Obama’s economic team are connected with banks such as JP Morgan, Goldman Sachs. Economic Secretary Larry Summers is a former commentator for the Rothschild-controlled “Financial Times”. Interestingly, this newspaper hardly ever even mentions the name Rothschild, and presents the current economic crisis as the breakdown caused by the unfortunate interaction of impersonal forces.
The US economy run by bankers has promoted an economy that benefits bankers by favouring the creation of debt. The US economy is now based on consumption financed by debt and not an economy that favours investment in production, in a manufacturing or agricultural base.
A solid manufacturing and agricultural base, good labour protection and high interest paid for savings as well as a well regulated financial market allowed Americans to build up their private wealth in the era before the Federal Reserve was privatised. Because Americans had more private wealth, they did not need to take out as many loans from banks, reducing their profits.
In the first Great Depression, Americans who lost their homes owned 90 per cent of them – and yet the banks still managed to find a way to forecloss….
That means, an average American working man in 1929 –remember the wife usually stayed at home at that time with the kids – was still earned enough dollars with enough of a purchasing power to save up and buy 90 per cent of a house outright.
In the meantime, the value of salaries and of dollars has been eroded by inflation to the point today where a couple with two college degrees working full time struggle to save up enough to make a downpayment for a house.
Free trade, outsourcing, deregulation of the labour market have led to a sharp drop in American’s wealth. Nowadays Americans haave to take out loans to pay for houses, education and their cars to get them to work because they have so little real money.
The banks first encouraged people into the debt trap and make it easy for them to take out loans by creating a credit bubble under Fed Chief Alan Greenspan.
Now, the same banks have created a period of deflation after engineering a “financial crash” making it hard for people to repay those loans, and so allowing banks to seize their homes, companies and farms.
Americans were encouraged to take out relatively huge mortagages to pay for houses in an housing market where prices for houses and also for rental accomodation were artificially inflated by the cheap money pumped into the system under the Fed Chief Alan Greenspan.
These subprime mortgagess were packaged as tripple A assets by the allegedly independent credit rating agencies such as Standard and Poor through a “glitch” in their computer system.
The banks “bought” huge quanties of these subprime mortgages as packages and held them as part of their liquid reserve, so allowing them to make more loans….
They also used these loans to artificially trigger the “credit crunch” and force the economy into depression.
Then the friends of the banks at the Securities and Exchange Commission changed the so-called “fair value accounting rules” in 2008, triggering the bank’s “credit” crisis. This change required banks to “mark-to-market” their assets, particularly the subprime mortgage backed securities, making the banks close to bankruptcy but only on paper!
Paul Craig Roberts, Assistant Secretary of the Treasury during President Reagan’s first term, said that the subprime crisis could be ended by just reversing the “mar-to-market” rule!
This is something newspapers like the Rothschild controlled Financial Times rarely mention. Instead, report after report is filled with doom-laden news. The banks agents in the stock markets sell off shares massively, triggering a stampede. Those same banks are buying up the shares cheap using the same technique that Rothchild used in the battle of Waterloo.
At the same time, the banks demand “bailout” money to “recapitalise” and bolster their balance sheets so they can “lend” again.
Under the threat of martial law,Congress and Senate passed the “bailout” bill handing ver 700 billion dollars of tax payers money to the banks. The banks showed just how much they needed that money to recapitalise by spending billions on bonuses, on jet and on parties.
The banks have still not started lending to customers and houses are still being foreclosed, so the banks are not only getting money from the bailout, they are also seizing assets.
The true cost of the bailout is much higher than the 700 billion dollars. The American tax payers will have to pay interest on the 700 billion dollars because the government has had to borrow from the same banks to pay for the bailout!
Banks earn most money when they push the US government into debt. The best way of creating national debt is by starting wars. The longer these wars go on without any victory in sight, the more money they cost the government, the higher the national debt and the more the banks earn in interest. As long as the war in Afghanistan and Iraq drags on, the US must finance it – and through debts, now mounting into trillions.
Hyperinflation when the interest on the debts can no longer be paid except by printing more money is the ultimate act of foreclosure on a nation’s assets by bankrupting everyone who uses dollars.
In addition, the economic benefits of the war in Iraq and Afghanistan, such as control of the oil of Iraq and the drugs in Afghanistan, go to private banks and their associated companies and offshore centers – not to the American people.
Obama’s current stimulus package will push America further into debt and ruin. The package has little or no investment in production or labour protection laws that will allow Americans to produce and save and so reduce their debts.
Instead, there are tax cuts that are set to benefit the same banks and credit card companies. This tax cut might make sense if there was a parallel effort to control the cost of borrowing by compellig the credit cards to reduce their charges or banks to pass on the tax cuts to their customers. In such a case, the tax cuts might reach Americans and be used on spending on American goods (what few are left of them given the lack of a manufacturing base).
But no such measure to control the cost of borrowing is being introduced. People are finding their tax cuts are being seized directly by the banks and credit cards the moment they come into their accounts and used pay off their interest, running at 30 per cent on credit cards.
No measure is introduced to force the Federal Reserve to reduce its crushing long-term interest rates of just over 5 per cent.
The Republicans, the party that allowed the US to go into an unsustainable burden of debt through profligate war spending and for America’s manufacturing base to be decimated by outsourcing, want a stimulus bill made up only of tax cuts, so adding to the debt of the Americans. But the Democrats are not much better. They want money to go to fund the programmes of localties and states, creating only minor and short living relief.
Neither the Republicans nor the Democrats are proposing a stimulus that will invest in production and in saving, that is, in rebuilding America’s wealth.
The government’s and American householder’s budget will recover only if the economy recovers. The economy will only recover if there is investment in a production and manufacturing base producing real goods and real jobs that allow Americans to save.
The stimulus bill gives a loan of 15,000 dollar to people wanting to buy a house, so encouraging yet more borrowing, but the same stimulus bill does nothing to stop foreclosures set to affect millions more!
If John F Kennedy had succeeded in taking the Federal Reserve back out of the hands of the private bankers like the Rothschilds, America would probably now be a wealthy nation with a sound manufacturing base and a flourishing system of trade.
He failed and now America is facing total econmic ruin because it is debt creation machine run by banks, for banks, and .
Unless the issuing power of the US currency is taken back from the banks and restored to the people, to whom it properly belongs, as Jefferson said, America faces a future of FEMA camps, war, the Amero and UN occupation.
What can be done now?
- Support Ron Paul’s bill to nationalise the Fed.
- Re-register as an Independent Voter
- States and individuals should refuse to pay taxes to the federal government which is being run by banks for the banks and which is openly robbing US taxpayers through the bailout.
The American Revolution of 1773 began when the settlers refused to pay the punitive taxes imposed on it by the British Empire.
The second American Revolution has to begin today by Americans refusing to pay the punitive taxes imposed on them by the British Empire’s Washington trading arm.
America is run in the interests of the bankers of the City of London through their control of the Federal Reserve and the US government.
Ambrosius said that those who charge interest on loans fight a war with an “invisible sword.”
The bankers of London have put the invisible sword at the throat of America and are now moving in for the kill.
Now or never, is the time to make war on America’s real enemy crushing it by debt by nationalising the Fed and reforming the banking system.
Lord Acton also said, “The issue which has swept down the centuries, and must be fought sooner or later, is the people versus the banks.”
February 10th, 2009 at 12:10 pm
God almighty people, I don’t know how anybody who loves this country can sleep good right now. I walked the floors for two nights in a row. This is it folks, you either stand up and fight the good fight or become a figure in the nightmare Obama is trying to create.
This is so serious…All of these years we have spent preparing …it is time now to prepare on your knees to stand courageous.
We are around the clock here now…
May God be with you all.
I can’t get a hold of Alex by the telephone there..have tried several times. We have a safe haven prepared here for the patriots if they need it.
February 10th, 2009 at 8:33 pm
As always, home run for Ron Paul. America really missed an opportunity by not electing this guy president.