Central Bankers, Stop Stealing Our Money!

05/17/2010 - Secret debts incurred by central bankers without the consent of the people should be declared null and void, argues Ron Paul in his latest Texas Straight Talk update.

Ron Paul is America's leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies.

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Category:

News & Politics

Tags:

• ron paul
• central banking
• central bankers
• fed
• federal reserve
• greece
• straight talk
• bailout

[brianempson]

The biggest change we can all make is within our power. With a free source of energy we could all be free from reliance on a central government, and thus, a central bank. Without the people to support it, it will crumble.

[donh6]

please run again for the Presidencey

[freetubester]

Jimmy Carter is not speaking out because he is surrounded by "Secret" Service men

[PrudenceWright]

@SadegoGG no, I'm not a racist, you ignorant fool.

[SadegoGG]

@hergs

It's funny how contradicting you are. Earlier you said the economic problems in the 1970s were due to multiple things and now you are spilling it on one issue. Anyways, the Federal Reserve funded both sides of the Vietnam War and all government spending contributed to the economic crash. You can't just say, this borrowing contributed to this result but other borrowing didn't, that just doesn't make any sense.

[hergs]

@SadegoGG the stagflation of the 70s was due to protracted 10 year war in Vietnam and Cambodia being financed off the books. It had nothing to do with the type of government spending that you're referring to.

The reason for two worker households is that Wages stopped tracking Productivity in the 80s, which was the result of Alan Greenspan deciding "worker insecurity" through personal debt was a good way to sustain demand without wages. So I think in some strange way, we agree on this? FED, BAD!

[SadegoGG]

@hergs

What happened after 1970 due to the government spending? Government spending does not work in the long run. The reason we have two worker households now is because of centralized banking driving up prices. Also, Bush accomplished nothing like Clinton's capital tax decrease. Also, it's funny how you admit Nixon and the end of gold ruined the economy, yet you deny that government intervention was the cause. Also, federal reserve increased power also caused the recession.

[hergs]

@SadegoGG Revenue increased virtually the same year over year under Clinton as it did under Bush 41, in a recession. Obviously there are other factors at work. Like the fact that we have 2 worker households now, where before we only needed 1.

What golden age of free market operations are you talking about? The greatest sustained economic boom in the US was from the 1940s till the late 1970s when the bill came due for Vietnam and stagflation set in. Government programs made that boom possible.

[hergs]

@mongoose704 I'm sure what I'm telling you does sound like a tangent, considering you have no idea how these segments of economics all connect. It must be fun in mongooseland ... ignorance is bliss in the land of the 40 year old virgin who apparently never even took Econ 101. You must be such a success. Or at least that's what your mom tells you when she comes down to her basement to tuck you in at night. "Who's my big boy? You're my big boy." Get a life.

[SadegoGG]

@hergs

Overall taxes decreased under the Clinton administration and government revenue increased, which was my point from the beginning. Globalized economy is what ruined manufacturing along with every other sector of the American economy, by the way. When America had 1/10 of the world population and half the world's wealth did America bailout foreign countries and give unlimited powers to a centralized bank? No, it ran on free market operations and little government intervention.