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09/17/09 12:07 PM

#152 RE: *~1Best~* #144

Not only the US dollar lost over 95% of its value since 1913, Americans are indebted over 12 trillions plus 50 trillions + unfunded amount.

The US dollar and you can see it has lost over 95% of it’s value since the Federal Reserve was created in 1913.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41579359


Ticking bomb http://www.usdebtclock.org/
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09/17/09 1:55 PM

#154 RE: *~1Best~* #144

Abolish central bank ~ AT the core of a congressional push to audit the Federal Reserve are activists with a larger purpose: to abolish the central bank.

Audit campaign wants central bank abolished

http://www.theaustralian.news.com.au/business/story/0,28124,26085667-20142,00.html




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09/17/09 4:42 PM

#155 RE: *~1Best~* #144

God Almighty is with the spirit of Americans and America. Whoever stand against God Almighty for greed and power killing for money will be cursed in Eternity as the Words of God says.

May the LORD our GOD watch over all those who are fighting for our freedom and seeking the LORD God Almighty!

God bless America ~

~~~

A poster at other site says:

Quote:

If Ron Paul keeps this up, he will not live long… accident/suicide… a lot of those lately…

But Ron Paul has the ability, voice, and balls…. If he is taken out, it will send a message ….



Reply:

No, it will not.

The Spirit of GOD is with millions of Americans.

Curses from GOD ALMIGHTY will be to whomever is killing for money.



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09/17/09 7:17 PM

#158 RE: *~1Best~* #144

End the Fed, Save the Dollar: Ron Paul
Posted By: Brian Beers | Senior Producer
| 17 Sep 2009 | 10:31 AM ET

"Nothing good can come from the Federal Reserve," writes Texas Congressman Ron Paul in his latest book hitting shelves this week, titled "End the Fed."

"It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class."

Paul makes the case that the Fed is the main culprit responsible for the current economic mess the country faces through the destructive policies of cheap credit and excessive money printing.

"Prosperity can never be achieved by cheap credit," says Paul. "If that were so, no one would have to work for a living. Inflated prices only deceive one into believing that real wealth has been created."

The Federal Reserve, created in 1913, has been acting as the main central bank of the United States for nearly one hundred years. Many Americans are either not sure or not interested in what role the Fed plays in managing the economy. "The economic crisis has changed everything," writes Congressman Paul.

Paul is currently pushing for passage of a bill, H.R. 1207, that would allow for an unprecedented audit of the Federal Reserve. The bill has 289 co-sponsors, and is gaining solid momentum in the House of Representatives.

"The worse the economy gets, the more power Congress is willing to grant to the Federal Reserve. Trillions of dollars created and distributed by the Fed with no requirement to submit to any oversight" argues Congressman Paul.

"End the Fed" is a sharp counter to Keynesian economic theory, and takes aim at the hazards of a managed economy.

Paul, a strong advocate of free-markets and the Austrian school of economics counters those looking to blame the near collapse of the financial system on capitalism by penning, "Manipulating the money supply and interest rates rejects all the principles of the free market, and so it cannot be said that too free a market caused this mess. The market was not free at all. It was manipulated and distorted."

But, wait.

Didn't Fed Chairman Bernanke hint that the recession may already be over?

Wouldn't that indicate that the "emergency interventions" of the past year or so worked to stabilize the economy, and all is on its way back to normal?

Paul writes, "The Fed is using all its power to drive the monetary base to unprecedented heights, creating trillions in new money out of thin air. From April 2008 to April 2009, the adjusted monetary base shot up from $856 billion to an unbelievable $1.749 trillion. Was there any new wealth created? New production? No, this was the Ben Bernanke printing press at work. If you and I did anything similar, we would be called counterfeiters and be sent away for a lifetime in prison. But, when the Fed does it - complete with a scientific gloss - it is seen as the perfectly legal and responsible conduct of monetary policy."

On the inflation front, Paul adds "It's as if we still believe that money can be grown on trees, and we don't stop to realize that if it did grow on trees, it would take on the value of leaves in the fall, to be either mulched or bagged and put in a landfill. That is to say, it would be worthless."

You get the feeling after reading this book, that Paul sees his goal of cutting off the power of the Fed as attainable in the long run, but needed a "playbook" to help educate the general public as to why they should care, and what they should demand be done about it from their elected officials.

The passage from the book that stuck with me the most. "When we unplug the Fed, the dollar will stop its long depreciating trend, international currency values will stop fluctuating wildly, banking will no longer be a dice game, and financial power will cease to gravitate toward a small circle of government-connected insiders."

Ron Paul's case for sound money policies and the end of "Fed domination" marches on, this time in hardcover.

So, what do you think - vote now in our poll and if you have more to say - please submit your comments below in the comment section.

URL: http://www.cnbc.com/id/32881898/
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09/17/09 8:24 PM

#159 RE: *~1Best~* #144

Ron Paul's son following in father's footsteps~~>>"I'm very worried about our country; I'm worried about the debt. I'm worried about what the debt will lead to,"

By Kristi Keck
(CNN) -- The phrase "like father, like son" is ringing true for Texas Rep. Ron Paul.

His son, Rand Paul, announced this week he's set his sights on the Kentucky Senate seat being vacated by retiring Republican Sen. Jim Bunning.

"I'm very worried about our country; I'm worried about the debt. I'm worried about what the debt will lead to," Paul said in an interview on CNN's "American Morning" when asked why he's jumping into the political arena. "Both sides of the aisle -- Republican and Democrat -- have been unwilling and afraid to address the deficit, and someone's got to."

The Kentucky Senate race is particularly high-profile since a seat held by a Republican will now be up for grabs.

Paul is expected to compete in the GOP primary next year with Kentucky Secretary of State Trey Grayson. The winner will face either state Attorney General Jack Conway or Lt. Gov. Daniel Mongiardo, who are seeking the Democratic nomination. VideoWatch more on Rand Paul's Senate aspirations »

While Grayson is considered the frontrunner in the Republican primary, "Paul will make things interesting for sure," said Al Cross, a veteran political writer in Kentucky and director of the Institute for Rural Journalism and Community Issues at the University of Kentucky.

"Trey Grayson is a very capable person, has a great deal of potential, but he has never really run a high-profile, hardball race, and I think that Paul is going to have the resources and the determination to hold his feet to the fire when it comes to issues," Cross said.

Some Republicans aren't quite sure about Grayson, Cross noted, because he started his political life as a Democrat.

"[Paul] will have an impact in this primary. He will have money to spend. He will have a message to deliver, some people will find him a more authentic Republican conservative candidate than Grayson," Cross said.

Paul, however, has no traditional political base in Kentucky, and Grayson is more of a mainstream conservative like the state's other senator, Senate Minority Leader Mitch McConnell.

Paul, like his father, is a strict constitutionalist who believes in traditional Republican principles like small government and a free-market approach to the economy. And another thing he has in common with his father: He's also a doctor. Paul has worked as an eye surgeon in Bowling Green, Kentucky, for the past 18 years. He says his being a political outsider should be a plus for voters.

"You need people outside of government. If your primary goal is to continue your career, you tend to do things that are good for you, but not necessarily good for the country," he said.

He's also been a vocal advocate for smaller government and is the chairman of Kentucky Taxpayers United. He says the government needs to stop borrowing money, because "we cannot borrow our way into prosperity."

"For example, with the stimulus project, my little town -- they brought $1 million to. Republicans and Democrats clapped their hands and said, 'We have $1 million!' But no one asked the hard question: Where did that million dollars come from?

"If we have to borrow it from China, Japan or foreign countries, is that good for our country to go further and further in debt to build a new ballpark or a new a parking garage? We have to understand where does the money come from. But debt leads to inflation," he said.

Instead, he said, people need to look at the country's economic problems in the same way they view their personal budget.

"I have a lot of older patients who have grandkids. They come in to me, and I say, 'Would you borrow money to buy a gift for your grandkids?' No, you pay for gifts out of your savings. But you don't borrow money to give people cash for clunkers.

"I don't know how you get rich as a country by borrowing money and giving it to people and saying, 'Go to the mall and spend it,' and somehow we're supposed to be richer as a country," he said, echoing the sentiment his father shared during his 2008 presidential bid.

Ron Paul said his son's political aspiration came as no surprise to him. "He's been interested in politics for a long time," he said on "American Morning." "I think the family sort of expected that he would be the first one to get to politics like this."

His advice for his son: "Don't go with conventional wisdom."

"If you go with conventional wisdom and the usual advisers, they're about 10 or 15 years behind the people. And I think that's what you're sensing with these town hall meetings," Rep. Paul said.

"People, though, in a politician, they want to trust you. They want to like you, and they want to trust you. But it's up to the politician who's running to stand for something, and that's what energizes your base, your supporters, and raising your money."

Ron Paul, who has served in Congress for 12 years, first sought the presidential nomination in 1988, running as a Libertarian. He ran as a Republican in the 2008 primaries, and while his campaign didn't pick up much mainstream steam, he did attract a large group of enthusiastic followers who had a reputation for voicing support for their candidate online. His presidential run was centered on a grass-roots effort that conducted Internet drives for funds.

Name recognition probably won't help Rand Paul much, Cross said. Ron Paul doesn't have a high profile in the state because Kentucky's Republican presidential primary took place after Sen. John McCain had already become the party's presumptive nominee.

But if Ron Paul, who has proved to be a successful fundraiser, tells his supporters that the election of his son would send a message to the GOP that it needs to get back to its core conservative principles, "that's a pretty strong message that I think would motivate a lot of contributors," Cross said.
http://www.cnn.com/2009/POLITICS/08/06/kentucky.senate.paul/
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09/17/09 10:54 PM

#161 RE: *~1Best~* #144

10) I would be One Happy Camper!

1) Abolish the FED
2) Renege on all obligations to the FED
3) Hunt down all the Thieves related to the FED and bring them to the Hague for Trial.
4) Have the US Treasury issue our own currency.
5) Screw the Financial System in which Bernanke, Paulson, Geithner, et al seem to think is so critical to the World's ability to function.
6) Start Over.
7) Let the chips fall where they may.
8) People are scared to let this happen .... But we would all be better off for it in the Long Run!
9) Let Jesus come back and throw the Financial Bums (Money Changers) out of the Temple, or in our case .... The Banks, Wall Street, the exchanges, etc. I would do my part in helping HIM!
10) I would be One Happy Camper!

--- anonymous


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09/18/09 8:46 AM

#162 RE: *~1Best~* #144

Update ~> 89% of 9306 to abolish the FED.

SAVE AMERICA, SAVE DOLLAR, END THE FED

http://www.cnbc.com/id/32881898/



H.R. 1207: Federal Reserve Transparency Act of 2009

~*~ U.S. House to Hold Hearings on Federal Reserve Audit ~*~

Friday, September 25th at 9:00 AM