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
"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
"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
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.
"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
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"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
"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.