"The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch -- Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference -- that threatens to impoverish us by further destroying the value of our dollars."
by:
Dr. Ron Paul
(1935-) American physician, US Congressman (R-TX), US Presidential candidate
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Dr. Paul's words and observations are pinpoint accurate. He has nailed America's greatest problem at its root. If the US continues to be an economic slave to the Federal Reserve it will surely go the way of the Roman Empire.
 -- J Carlton, Calgary     
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    he got my vote.
     -- Cal, lewisville, TX     
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     -- Luis, Key biscayne      
    I think the morality of the masses, embracing the disastrous fiscal policies of the occupying statist theocracy infesting this land is the root of that threat. That same morality displays itself in many more destructive arenas than just fiscal law.
     -- Mike, Norwalk     
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    Americans may finally be awakening to this fact, thanks to Dr. Paul. And it is not just the US but Europe and literally the whole world that has fallen prey to this iniquitous monetary system.
     -- E Archer, NYC     
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    1. The Fed (as in Federal Reserve) does not print money. The Treaury Department does. 2. If they print money to pay their debts and send it to the Chineese, Social Security Admin, etcetera we could be out of debt today. They don't print money to pay off the debts. If they could or should do that we would not have debt in the first place. 3. So I guess that makes Dr. Paul a genuine flake and nut case. 4. The only difference between the two parties is when the Repubs say we are going to cut taxes what they really mean is we are going to sell bonds and make our rich friends richer with US Treasury interest. 5. Carlton is on to something concerning the Roman empire. The wealthy sat at the top reclining on their chaises eating and drinking while the masses only subsisted. The Empire failed because the Republic lost the ability to tax the rich. So have we. Absolute wealth like absolute power corrupts completely. What we observing in our land is a return to the Gilded Age of the 1880's and then we will eventually become a feudal society like in 1300's. 4
     -- Waffler, Smith     
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    He fallows "Replacement" theology. And this means he HATES Israel. Wake up people.........HELLO!? Anyone out there??? THINKING?!!!!!!
     -- ElizaBeth, Princeton     
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    No, Elizabeth, only Waffler. It's sad that the operators of the Liberty Tree print such blatant stupidity for quotations.
     -- dick, fort worth     
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    It's sad that three idiots in a row are wating valuable space with absolute stupidity. Hey Liz, what in Hell are you talking about? Ron Paul believes in following our Constitution...Israel or no Israel and I agree with him. Israel can fight its own fights...they're all grown up. And Waffler....ever the same nut case with theories only a mad man could understand...Our Government gets its money from the Fed, out of "thin air" and we pay the bill...what part of that don't you get?
     -- J Carlton, Calgary     
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    at least you would think Carlton could come up with a different epithet rather than use my nut case one. It is true that the Governmnet banks at the Federal Reserve. When you pay your taxes (have you ever paid taxes Carlton) they go into the Governments account at the Federal Reserve. Now trust me Carlton my taxes to the government do not come out of thin air. But from the sweat of my brow.
     -- Waffler, Smith     
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    Waffler, why can't you stay on point, you idiot (rather than using your epithet). If the Treasury printed the money they could pay the government's bills without taxing We The People. The Treasury borrows from the Fed that prints it up - sort of addressing your second post. Then the Treasury pays the Fed back. Ok, idiot, what does the Fed making money out of thin air have to do with you paying taxes that may / or may not have come out of thin air? Waffler, do you understand the correlation and, why the Fed and income tax started both in the same year?
     -- Mike, Norwalk     
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    Money is printed and coins are minted by The Department of The Treasury. The Federal Reserve is a system of banking established by Congress. Central banks nationally and world wide take in deposits from commercial banks and lend money to commercial banks. By adjusting its reserve requirements it can increase or decrease the amount of "money" in circulation. IT DOES NOT PRINT MONEY. The US economy produces 30 trillion dollars worth of goods and services a year. That does not mean that their needs to be 30 trillion dollars of green backs to floating around to pay for them. There are brochures available from the Fed explaining all of this stuff. Most kids by the 7th grade have already been exposed to this information. What the heck happened to so many of you guys that comment on this blog?
     -- Waffler, Smith     
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     -- Amos Wahl, Paducah ky      
     
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