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Ron Paul argues against bailout policies at Wake Forest
- Text size
Winston-Salem Journal
April 22, 2009
The financial crisis was caused by excessive credit, too much printed money and government debt and can’t be solved by the federal bailout of banking, insurance and car companies, U.S. Rep. Ron Paul said last night at Wake Forest University.
“If we don’t clean up this mess, big government will take away our liberty,” Paul said. “The bailout is as bad as the financial bubble.”
Paul, R-Texas, spoke for about 40 minutes at Wait Chapel to more than 800 people, including WFU students, Winston-Salem residents and people who supported his campaign for the president’s office. The Wake Forest Young Americans for Liberty and the Wake Forest College Republicans organized the event.
Paul, 73, ran unsuccessfully for the Republican nomination for president last year. He ended his campaign in June 2008 after Sen. John McCain wrapped up the nomination.
During his campaign, he argued for libertarian principles and against the Iraq war. Paul supports limited constitutional government, no income taxes, free markets and monetary policies based on commodity-backed currency.
A native of Pittsburgh, Paul graduated from Gettysburg College with a bachelor’s degree in biology in 1957.
He later received a medical degree from Duke University School of Medicine in 1961. He served as a doctor in the U.S. Air Force and Air Force National Guard for five years. In 1968, he began his medical practice in Brazoria County, Texas.
- A d v e r t i s e m e n t
As a specialist in obstetrics and gynecology, Paul has delivered more than 4,000 babies, according to his campaign biography. In November 2008, he was re-elected to another term in the U.S. House. He represents the Gulf Coast region around Galveston, Texas.
Paul talked about his beliefs during a speech that the audience interrupted several times with applause.
Paul advocated a return to the gold and silver standard to back up the American dollar rather than the Federal Reserve System continually printing money. That practice will eventually lead to devaluing the dollar, he said.
He called for the repeal of the 16th Amendment that allows Congress to collect income taxes. Paul said that Americans should keep and spend all the money they earn, and Congress should cut spending to balance the federal budget.
Paul touted a bill that he recently introduced, named the Federal Reserve Transparency Act. It calls for a government audit of all Federal-Reserve operations by the end of 2010.
He also took a shot at President Obama. Paul said that the president’s proposed budget gives a nine percent increase to the U.S. Department of Defense. He described the spending as unnecessary.
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April 22nd, 2009 at 7:20 pm
Support HR 1207! Why is the FED afraid to be audited?
wake up americans Reply:
April 22nd, 2009 at 8:23 pm
END THE DAM FED
how many voted for IT IN THE FIRST PLACE?????????
when it came into power in 1913
do you even KNOW AMERICANS????????????? do you even know?
goodnewsaboutgod.com
end the fed
Smarter Reply:
April 23rd, 2009 at 1:44 pm
End the IRS!!!
clarion Reply:
April 22nd, 2009 at 8:36 pm
READ “THE CREATURE FROM JEKYLL ISLAND”
general Reply:
April 23rd, 2009 at 12:35 am
The fed won’t be audited. Ron Paul is a pussy. They (ROn Paul Included) don’t read the legislation so how could they give a crap about HR1207.
James Farrell Reply:
April 23rd, 2009 at 8:38 pm
ron paul is the only guy with face time on the idiot box that rails against the federal reserve and the money oligarchs. you’re not only a pussy, you’re a dumb pussy!
Henry Reply:
April 23rd, 2009 at 2:41 am
Guys get your press cards now at http://hookk.com . You can leave comments on mainstream news sites. A must have in the infowar.
Washington Reply:
April 23rd, 2009 at 10:08 am
Need you remember that the “Federal Reserve Act” was written and coordinated by bankers and lawyers, not Congressmen. They made sure, and very clearly, that their entity”Federal Reserve System” was and is a faux government entity yet it is still in their wording and approval facts, a privately owned entity and is not and will not ever be answerable to the Congress, hence the American people.
They will never be made to show their scheme, for they know is they did the party would be over and they would have to move their agenda even faster.
As long as others control your currency, you will never follow your own destiny, but rather be controlled by theirs.
Lizzie Reply:
April 23rd, 2009 at 10:14 am
Well said!
sa Reply:
April 23rd, 2009 at 10:27 am
2 voted for it, 3 were on the floor
freedomworks Reply:
April 23rd, 2009 at 5:15 pm
Search “End the Fed” google.
Rally at any Fed Reserve branch. Saturday April 25 2009. Check web for details. END THE FED
April 22nd, 2009 at 7:42 pm
Because if they were audited the public would wake up and demand it be ended.
April 22nd, 2009 at 7:48 pm
You want to help Ron Paul achieve this goal then go here…
At what point is enough, enough?
Where is our Patriotic breaking point?
Now here is some what we all have to decide.
http://www.ipetitions.com/petition/patriotsunite/
Petition password (all caps): USA
April 22nd, 2009 at 7:57 pm
Article says 800 attended – more like 1200+
April 22nd, 2009 at 8:35 pm
I’m all for transparency and accountability as it concerns the FED; however, what’s the point of auditing an institution that has been given the power to create money out of nothing? I’m sure they could plug all the holes and account for all the imbalances in the same manner as they made all the money – it’s all pretend! Just expose it for what it is, wipe out all the debt they currently hold because there was no consideration at risk in the first place. Please watch the documentary on Google video entitled: “Zeitgeist Addendum” to understand that the basis of our monetary system is nothing more than smoke and mirrors. Auditing the FED would be like asking a magician how the rabbit appeared from his hat – it’s all just smoke and mirrors so why go through the added step of an audit. JUST OUTLAW THEM on the basis of simply what they are – a non-entity, an illusion, make beleive, etc., etc.
onemadcanuck Reply:
April 23rd, 2009 at 1:02 am
If the American people ever stopped allowing these banksters to pledge future taxes as collateral to rip off the other nations wealth, these bastards would not be welcome in any country, as they would all have warrants for their arrests, globally. It’s funny that all it takes is an audit, and the whole house of cards collapses. The banksters will KILL to stop that, most definately. Even if it passed, there will be some legal loophole for the FED to wriggle out of it. They made sure the “bankster never guilty” clause is written in there, somewhere, lol
Peter Reply:
April 23rd, 2009 at 8:37 am
Zeitgeist Addendum does a great job of explaining how fraudulent central banks operate. They use the Federal Reserve’s own document “Modern Money Mechanics” to indict them. However, at the end of the movie they say the only solution to the bankers plundering our society is to enact a communist world government utopia. Careful you don’t step in the bull-shirt.
Internal Patriot Reply:
April 23rd, 2009 at 10:45 am
Which is why I removed my position as collateral and re-established my position as creditor. People happen to be the only real and legal issuer of currency. Apparently, some are not familiar with being a taxpayer and creditor (PPPI Fund). I suppose if you look at the UCC laws, I might be considered a non-bank institution. Everybody is capable of this, since they are holders of a rather valuable AAA-grade security instrument that others happen to be using (with your pledged permission). The opposing team keeps flailing around the stock market, which is where the accounting book adjustments are appearing. I read Money Mechanics and Private Enterprise Money, US Codes, UCC Laws, Federal Reserve Circulars, Treasury positions, etc. Once you do, you’ll discover rather quickly that an average taxpayer has definately cracked the code and is in the bowels of the system as I type this. I promise you of this fact.
Some didn’t sit on the sidelines, but actually became proactive in finding solutions. The volatile market is the perfect indicator of this undeniable fact.
Jake Reply:
April 24th, 2009 at 10:51 am
auditing the FED is an important step in the direction of getting rid of the central bank.
The instituion has been in place for so long, the people need to see that it is all smoke and mirrors, not just hear a bunch of pundants say that it is. When the FED gets audited and everything is made public the people will see it for what it is and demand the abolishion of the criminal banking cartell. Patients patriots… patients.
April 22nd, 2009 at 9:11 pm
Well it’s good to see Ron Paul took a day off from FOX to go to Wake Forest University……
wait a minute…..does FOX own Wake Forest…??
rick Reply:
April 23rd, 2009 at 8:43 pm
sounds like you have homo on your mind,homo
April 22nd, 2009 at 10:42 pm
Spread the word…Obama Deception…by e-mail, and hand deliver to friends & neighbors.
Persistance wins.
April 22nd, 2009 at 11:11 pm
This is the real coverage:
http://blog.yaliberty.org/2009.....ke-forest/
The event was really amazing.
April 23rd, 2009 at 12:06 am
Anyone who can’t pay their debts anymore and wants to keep their money for food, safety and protect their money from any creditors/collectors, please visit: http://www.debtcrisissolutions.com
April 23rd, 2009 at 12:15 am
The end is HERE!
So long United States of America, hello U-Nazi States of Amerika.
April 23rd, 2009 at 4:00 am
Is there forum still going on at infowars?
April 23rd, 2009 at 7:19 am
Judge Napolitano is mistaken about AIDS. The U S government is responsible for not allowing independent scientific review of the HIV = AIDS theory as well as responsible for not allowing the clear evidence of hiv research fraud to be admitted into the courts,Also why didn’t Alex bring this to the attention to Napolitano,i hope i didnt hear Alex saying fox news is speaking the truth?Fox news is garbage !
JESUS IS A HOMO Reply:
April 23rd, 2009 at 8:10 am
99!!, I will bet you Alex is going to appear on FOX soon! If you have noticed over the past few months Alex has been legitimizing FOX!! Alot of Alex’s regular guests are now appearing FOX!
It’s getting interesting!! NOTHING surprises me anymore.
April 23rd, 2009 at 8:34 am
I don’t know how Ron Paul and Alex do it. I can barely get myself motivated to talk to people about this stuff because the public is so pathetic and very few of them even try to look the stuff up on their own. Somtimes I wonder if the country can ever recover when it seems that an overwhelming majority of them are so dumbed down that they can’t even grasp the basic concepts, let alone the complicated ones. I’ve been at this for years now and have learned that I can only talk to certain people, if I’m to have any hope of reaching anyone. Example- A guy that lives on my street that I’ve talked to actually thinks he’s rebelling against this system because he “is self employed”. What does he do for a living? He sells insurance! It says right on his paycheck who is paying him and I promise you its the same companies that are getting the bailout money! How can you argue with such stupidity? Our only choice is to continue fighting, but my God, this nation has a lot of turds in our punch bowl.
Prometheus11 Reply:
April 23rd, 2009 at 10:02 am
I hear ya, dude. Unfortunately, we gotta drain the punch to remove the turds. Don’t stop, though. You are and have been having an effect. The process of human understanding can be a long, arduous one, especially in lieu of all the media, public fool system, and intellect-killing drugs. But you can never know whom you have reached, even if it is done peripherally. Keep it up. When everyone around you hears the message repeated enough, it WILL sink in. Just like the NWO does on TV. BE THE BROKEN RECORD!
I know that only about .001% have the courage and cerebral capacity to get this, but quitting is not an option. Courage is like a muscle. Gotta exercise it or it atrophies.
Stay strong, fj!
Highlanderess Reply:
April 23rd, 2009 at 3:29 pm
How true. As long as society can have its gas guzzeling cars sitting in the fast food drive-thrus, ipods, American Idol, 42 inch hd tvs, facebook, sports, etc., all we are is sitting ducks.
April 23rd, 2009 at 12:19 pm
actually 1200 attended according to university estimates not 800. but thanks for the article
April 23rd, 2009 at 1:38 pm
Ron has been on CNN, cnbc, and many news networks other than FOX. In my opinion he should be on them ALL! Go Ron!
April 23rd, 2009 at 5:22 pm
END THE FED!
Rally at any fed reserve branch, Saturday April 25, 2009.
Search google for “end the fed”
April 25th, 2009 at 4:35 am
WAKE UP PEOPLE and understand that the NEW WORLD ORDER only has your best interests at heart, that’s a fact. They only cover up and deny this ‘Order’ because peoples minds are always inclined to be conspiratorial in thinking. Obama is a great man and not a puppet. Christianity is also a ludicrous religion and all its adherents must be purged!!!
Go New World Order and take us into a New Age of prosperity, and love to the Elitist who control us all (they are great aren’t they?)
Plus 9/11 was not an inside job (as bill clinton has stated) – gay arabs did perpetrate this atrocity, Bush and co did not know and all the consequent wars are justified (your not a patriot if you don’t agree).
Peace out and support the New World Order! The Phoenix will fly again!
April 28th, 2009 at 12:16 pm
I Really Love Reading Your Blog. Excellent. Keep up the great work!
April 29th, 2009 at 9:18 pm
420,pats day,Ron”f ing”Paul live.pinch me
April 29th, 2009 at 10:11 pm
How else can we get money besides from the governtment? I mostly agree with Ron Paul on most things, but this is one area where giving regular people money from the goverment might be a good thing.
Help! Lost job, and running out of money to pay my property taxes, utilities and food. Losing patience to keep my own small company going due to no one available to buy or help invest. Help!
What is the USA and the world going to do with too little money? Possibly start looking like the slums of India or China or Detroit?
May 3rd, 2009 at 5:35 pm
Ron Paul is the answer? lolololololololo……..hes the est of a bad bunch.No more no less.You fucking yanks are truly the dumbest population ever known in history.
Following fakes like Fatboy Jones.Do you think Alex will save you.You really believe he is the real deal? lmao.
Wake up sheep.Your asses are being misdirected by DissnfoWars and the Jones crew.They are desperate to dflect ANY blame for 9/11 the economy from the true authors of your destruction.ISRAEL.
Alex jones will tell you exactly what is happening behind the news but he will never allow any direct links,of which there are many, to Israeli culpability.The evidence is there just look for it and stop being such patriotards.
May 6th, 2009 at 3:17 am
International corporate executive welfare.
Actually, worse than that — you pay the elites to go out and screw-up the world.
Then they have the nerve to present you the bill…. or,
they’ll pull the metal from your teeth and the white gold from your brain ( if you’ve lost your sol ).
Soon even the supercomputers will catch on to the B.S., and it will be over.
It they leave earth, their scientists and priests will want to switch roles.