Ron Paul still on charge!

Ron Paul has been a well run Republican candidate for President in the most recent campaign only to find himself stifled by the GOP and RNC, by reducing his air time and public exposure, to step aside as they try to bring McCain and Palin to the forefront to win.

By the speech included below you will find him much more well versed and intelligent than their choice of that one they call Palin. Perhaps I will do a side by side comparison of words with Ron Paul, John McCain, and Sarah Palin and we all will be able to see where the intelligence lies for the future.

I am certainly not a republican, although, I do like some of Ron Paul's economic ideas. I am not a fan of much more of his ideas, but I feel he has some very valid issues of the day to be heard regarding economics, economic policy, and governance. He sees the corruption and breakdown of our economy that stems back to the Nixon action of the elimination of the dollar pegged by the gold standard. This action allowed the elite white male in America the unregulated corporate power that only Congress had and was Constitutionally given by the founding fathers.

Now, the reduction of power of the Congress from this action being passed to the Federal Reserve has taken us to very unstable and irregular territory. With the Bush administration reducing the Congressional power even further with the augmentation of the Executive Branch in its powers for declaring war, wire tapping, to how it handles war criminals has created the parameters of a police state in this country hidden behind deteriorating open boarders, deteriorating freedom of speech, clouded freedom of religion, reduction attempts on women and minority rights.

We are riding a fine line of corporate and government free fall of unaccountability or oversight along with a devaluing dollar that continually reduces the saving and buying power of the American middle and lower class citizen. We are hoping for the Change that Obama espoused so prolifically during his campaign and await to see the power of these failings be given back to the people. Time will tell.

It is solely the American optimism that hides many of these deteriorating freedoms from the mindset and necessary daily concerns of its people. Whether this is good or bad is to each their own in order to maintain sanity or survival.


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Statement by Congressman Ron Paul in front of the U.S. House of Representatives

On The Abolition of Federal Reserve Board Act

February 3, 2009

Madame Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a mis-allocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts.

With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America’s exports or the low rate of savings should be enthusiastic supporters of this legislation.

Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government.

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

In conclusion, Mdm. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans’ standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve.

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I would like to see Obama put Ron Paul on his economic advisory board! Although, for some reason I don't think that that will happen.




This, the 250th entry in bloggoland! Thanks for reading and coming back. I always enjoy the comments, emails and the banter!!


(c)Copyright 2009 Doug Boggs