Ron Paul Slams Federal Reserves New Dictatorial Powers 6/18/2009

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matrixxx123456789
June 19, 2009

6/18/2009 Responding to the Obama administrations new regulatory reform plan, which will officially hand the Federal Reserve complete dictatorial control over the U.S. economy, Congressman Ron Paul told MSNBC that the Fed was now more powerful than Congress.

Paul emphasized that no amount of regulation could compensate for a financial system created and controlled by the Federal Reserve that was completely unstable to begin with.

The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we dont even have any transparency of this. Theyre more powerful than the Congress, said Paul.

As we reported yesterday, the new rules would see the Fed given the authority to regulate any company whose activity it believes could threaten the economy and the markets.

Obamas regulatory reform plan is nothing less than a green light for the complete and total takeover of the United States by a private banking cartel that will usurp the power of existing regulatory bodies, who are now being blamed for the financial crisis in order that their status can be abolished and their roles handed over to the all-powerful Fed.

Theyre giving a tremendous amount of more power to the Federal Reserve - the very institution that created our problem. Thats about the way Washington works, said the Congressman

Too much regulations to begin with, so they give it more. The Federal Reserve creates the problem, so we give them more power. Its fiat money thats the problem, so we allow them to double the money supply - you cant solve the problems that way. Thats like saying you can take care of a drug addict by just giving them more drugs, concluded Paul, adding that the lack of understanding about how the Federal Reserve created the problem and how the free market ought to work was the root of the crisis.

http://www.infowars.com/ron-paul-slam...

Category: News & Politics

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Ron Paul Federal Reserve Dictorial Powers Bernanke Geithner infowars prison planet campaign for liberty

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odinismforus (20 hours ago) Show Hide

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Goodbye US

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pure2warrior (1 month ago) Show Hide

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These swine traitors think we are so stupid they allow a private forign Rothschild bank to create our own money then they borrow it a compounded intrest a debt that is fake and justifies a bankrupt government.

pure2warrior (1 month ago) Show Hide

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Treasure sec is a sell out Rothschild jew scum Rothschild puppet hell bent on destryoing this country

believersunderground (1 month ago) Show Hide

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great video. Scott (BUG)

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KhaosOdensland (1 month ago) Show Hide

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to protect the nation form another recesion, they have caused all recesions, and I believe thats why they were supposudly created in the first place, so a recession will never happen again, fuck obama, fuck the fed, fuckin oligarchs

fubecaman (3 months ago) Show Hide

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correction: they back obama

pretorious700 (3 months ago) Show Hide

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Endless bailouts, endless fiat money, endless millions of dollar bonuses for Wall street-the government is playing a game of chicken with US citizens, betting that we don't have the backbone to say no to this lunacy. It would be interesting to look into Geithner and company's personal wealth to see exactly how they plan to make out when the dollar crashes.

ChuckBullets (5 months ago) Show Hide

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Shut up and keep watching Dancing with the Stars or Lost. That's way more important than the whole worlds future.

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Ron Paul Slams Federal Reserves New Dictatorial Powers 6/18/2009

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