Ron Paul blasts mysterious Zionist banking entity “Fed out of control”

Printing Money Only Prolongs The Pain

Congressman identifies Federal Reserve as the real problem

By Paul Joseph Watson

Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.

“If you look at the grand problem we have it’s much much bigger,” said Paul.

“There were many who predicted that the climax would be exactly as we are witnessing,” said the Congressman before lamenting that no one seems willing to go back and discover how financial bubbles form and how they burst.

“Instead we just carry on doing the same old thing….we spend more money, we run up more debt, we print more money, and we think that’s gonna solve the problem that was created by spending too much money, running up debt, printing too much money and here we are today,” stated the Congressman, adding that Congress was debating about “tinkering on the edges” while failing to deal with the big problem.

Paul said that the Fed’s creation of over $8 trillion dollars in obligations was outside the audit of Congress.

“They create this money and when the Fed chairman comes before our committee we ask, where did you dispose of this $2 trillion dollars that you’ve created recently, he says well it’s not your business, he doesn’t even have to tell us” exclaimed Paul, adding that the Federal Reserve was out of control.

“We’re dealing only with finding victims, we cannot get rid of the debt,” said Paul, adding that the cause of the bubbles was the result of monetary policy dictated by the Federal Reserve system.

Watch the clip: Ron Paul Blasts Federal Reserve

 
Article Source: PrisonPlanet.com

From: David Duke.com

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One response to “Ron Paul blasts mysterious Zionist banking entity “Fed out of control”

  • michiganjohn

    I’m defending Texas Congressman Paul on this. He is absolutely correct about the
    Federal Reserve.
    I really think that President-elect Barack Obama and his economic strategy
    team are overlooking the negative impact that our country’s centralized banking
    system (the Federal Reserve) is having on our economy.
    The Federal Reserve Act of 1913 was drafted during a secret conference held on
    Jekyll Island, Georgia, U.S.A. The attendees (also known as the “Jekyll Island Seven”)
    of this meeting were: Senator Nelson Aldrich, (R) Rhode Island, N.Y., Abraham Andrew,
    Assistant Secretary of the Treasury, Henry P. Davison, Charles D. Norton, Frank A. Vanderlip,
    Benjamin Strong, and Paul Warburg.
    Davison, Norton, Vanderlip, and Strong represented Wall Street bankers. Warburg, who was the
    architect of this act, represented the Rothschilds and Warburgs of Europe.
    Warburg gave it this official sounding name to deceive the American people into accepting it. At
    that time, Americans were against a centralized banking system in the United States because of
    they knew of the economic destruction that central banks were creating in Europe countries.
    This act took the power of creating and regulating the value of money away from Congress and
    gave it to the Federal Reserve, which is unconstitutional. Article 1, Section 8, Clause 5 clearly
    states that only the Congress shall have the power to coin money and regulate the value thereof.
    It was signed into law in the December of 1913 by President Woodrow Wilson. In 1916, Wilson wrote:

    “I am a most unhappy man.” “I have unwittingly ruined my country”. “A great industrial nation is now controlled by its system of credit.”

    Thomas Jefferson quoted this: “If the American people ever allow private banks to control the issue of
    their currency, first by inflation, then by deflation, 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.

    Andrew Jackson referred to private bankers as a “den of vipers”. He faught and won his battle
    against Nicholas Biddle, who favored a central bank in america. Biddle was an agent of the Rothschilds central banking dynasty in Europe.

    My sources of information are:
    “The Creature From Jekyll Island” by G. Edward Griffin
    “The Secrets of the Federal Reserve” by Eustace Mullins
    “The Council on Foreign Relations and the American Decline” by James Perloff
    Continuing Internet research

    MichiganJohn
    Grand Rapids

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