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Ron Paul: Fear Based Bailouts Constitute Economic Terrorism

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Congressman warns that auto-bailout could lead directly to fascism in America

Steve Watson
ay, Dec 18, 2008

Texas Congressman Ron Paul has hit out at US monetary policy, warning that fear based politics are being used to promote the bailout culture in the same way they were used to sell the Iraq war.

“Governments that want to take over, undermine our liberties and gain more power always use the fear factor. They did this leading up to the war in Iraq, they do it on foreign policy, now they’re doing it on monetary, economic and financial problems.” Paul told the nationally syndicated Alex Jones show Wednesday.

“They do that all the time, that is their technique, always to build a tremendous fear in the hearts of the people. Terrorize the people and say that ‘we are your saviors and we’re the only ones that can take care of it’.” The Congressman stated.

Paul pointed out that the use of the fear factor was never more evident than in the run up to the passage of the $750 billion bailout bill earlier this year when it emerged that representatives had been threatened with an economic crash and physical martial law in America.

When asked if this constituted economic terrorism, Paul replied “Of course it is, and those responsible should be held accountable.”

The Congressman also warned that the bailout of the auto industry could have dire consequences.

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“It is extremely dangerous because although we have been creeping in that direction, this is an endorsement of nationalization. If they keep token ownership with the corporations, which they probably will, then it’s called fascism.” Paul said.


“I think everybody knows we’re in a crisis now and they have now gotten to the point where they don’t trust the government, which is healthy.” The Congressman told listeners.

“A lot of people are begging and pleading and they’re lining up. But the average guy outside of Washington, especially so many of the young people are realizing that this has all been a hoax and this is the time to really expose that hoax.”

“We have a real opportunity to direct attention to the real culprit and that is those who control the monetary system. Those who counterfeit our money and cause the financial bubbles and then recessions, and now are working real hard on a depression.” Paul continued.

“The only thing that can counteract this is a different philosophy. A convincing argument that free markets, sound money and no Federal Reserve and limited taxes, the things that made America great.”

“The system that they are trying to patch together right now will not work. We don’t need more regulatory agencies, all we need is the enforcement of fraud laws.” Paul concluded.

Listen to the full interview below:


This article was posted: Thursday, December 18, 2008 at 12:40 pm

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