A Word From Dr. Ron Paul -
Ron Paul 03.04.08, 3:20 PM ET
Ron Paul
Trailwatch reached out to each of the remaining presidential
campaigns and offered them an unedited forum in which
they could address voters.
As he was when we requested information for our Candidate
Screener, Ron Paul was the first candidate to respond to
our offer.
We asked each campaign to submit 500 to 1,000 words on
the issues they believe are the most important ones facing
the nation at this moment in time.
Here is what Ron Paul had to say.
--Paul M. Murdock
America became the greatest, most prosperous nation
in history through low taxes,
constitutionally limited government,
personal freedom and a belief in sound money.
I decided to run for president because I am deeply concerned
that the conservative movement has drifted away from these
principles that we once so fiercely defended.
Deficits have exploded, entitlements are out of control
and our personal liberties are threatened -
like never before.
The current state of our economy drives home the hard truth
that living beyond our means has caught up to us.
Oil is over $100 a barrel, the housing market is in
sharp decline and the dollar is in a free fall.
The national debt now stands in excess of $9 trillion,
more than $30,000 per person.
The total future debt obligations of the United States,
including entitlements, are estimated at around $59 trillion,
which equates to over $500,000 per household.
Social Security and Medicare will likely consume the entire
federal budget by 2040, threatening the average American
with an impossible tax burden.
As I said this past November to Federal Reserve Chairman
Ben Bernanke, "We're indeed between a rock and a hard place,
and we don't talk about how we got here;
we talk about how we are going to patch it up."
The "solutions" proposed so far--stimulus packages,
bailouts and interest rate cuts--just amount
to printing more money,
which will lead to greater currency devaluation,
contribute to the rising costs of living,
and further squeeze the middle class -
and our senior citizens.
This is the first time in over 100 years that monetary policy
is being discussed in earnest during a presidential campaign.
Money is the lifeblood of any economy, and control over a
nation's currency means control over its economic well-being.
Fed bankers quite literally determine the value of our money
by controlling the supply of dollars and establishing
interest rates.
Their actions can make you richer or poorer overnight,
in terms of the value of your savings and the buying power
of your paycheck.
For over 30 years, I have been urging all Americans to educate
themselves about monetary policy in order to better understand
how a small group of unelected individuals at the Fed and
the Treasury Department wield tremendous power over our lives.
In order to immediately strengthen the economy and lay
the groundwork for continued prosperity,
I have proposed a four-part plan that involves lower taxes,
less spending,
a sound monetary policy and regulatory reform.
We can take several immediate steps to reform our archaic tax
system and give Americans back the fruits of their labor.
I will work to make the Bush tax cuts permanent,
including a repeal of the estate tax,
and I will fight to end taxes on Social Security benefits
and income derived from tips.
I also believe that if we are to truly address
the housing crisis,
we will end taxes on forgiven mortgage debt,
which is considered "income."
The most permanent tax reform we can undertake, though,
is to end the income tax and abolish the IRS.
We could remove the entire personal income tax-funded
portion of the budget and the federal government would
still receive roughly the same revenues that it did
during the Clinton years.
And we could do this without even touching Social Security
and Medicare.
The key to tax reform lies in spending reform.
It's time to cut back on our trillion-dollar overseas budget
and use that money to secure the programs Washington
has forced so many citizens to depend on.
By doing this, we can let younger generations opt out of
these programs and save for their own retirements
and health care needs.
As president, I will also veto any unbalanced budget
and demand that Congress address wasteful spending.
Lower taxes and less government spending will put more money
in your pocket.
A sound monetary policy will increase the value of that money
and drive down the costs of living.
Immediate monetary reform can be achieved by requiring
transparency at the Fed.
All Federal Reserve meetings should be televised just like
the proceedings of Congress, and they should once again
make all information on the money supply available.
I also favor legalizing competing currencies.
History is replete with examples of the inevitable failure
of paper money systems, from our own founding days,
to inter-war Germany,
to the monetary crisis of 1970s Latin America.
However, I believe that for our economy to be secure in
the long term, Congress must reassert its authority
and end the unconstitutional Federal Reserve.
Finally, we must be willing to undertake regulatory reform.
It would serve us well to revisit the myriad federal
regulations that have stymied the innovative spirit
of the American people.
One of the most damaging regulations imposed on
the American people is the Sarbanes-Oxley Act.
A survey by Financial Executives International
put the average cost of compliance with Sarbanes-Oxley
at $4.4 million,
while the American Economics Association estimates
the Act could cost American companies
as much as $35 billion.
A study by the prestigious Wharton Business School
found that the number of American companies delisting
from public stock exchanges nearly tripled the year
after Sarbanes-Oxley became law.
One of the best things Congress could do for the American
economy is to repeal this damaging legislation.
According to David Walker, former head of the U.S. Government
Accountability Office,
"We are mortgaging the future of our children and
grandchildren at record rates, and that is not only an
issue of fiscal irresponsibility,
it's an issue of immorality."
Unless we embrace fundamental reforms, we will be caught
in a financial storm that will humble this great country
as no foreign enemy ever could.
However, we can find safe harbor in our ideals.
Reclaiming our historic legacy of principled commitment
to liberty will, once again,
unleash the innovative spirit that propelled our nation
to heights of prosperity never before achieved -
in human history.
forbes.com
True Liberty and Freedom in America ....
youtube.com
youtube.com
youtube.com
Jim Rogers on US Economy FED Ron Paul -
Jim Rogers on US Economy, FED, Ben Bernanke,
Ron Paul and recession -
tinyurl.com
youtube.com.
Jim Rogers - who co-founded the now closed Quantum Fund
with George Soros - told 750 global fund managers in Tokyo
today that, America is "completely out of control",
there will be a 20-year bull market in commodities
and that prices will be in turmoil.
And he also warned that it "made sense" if global
competition for resources ended in armed conflict.
Mr Rogers told delegates to the CLSA investment forum that
the prices of all agricultural products would "explode"
in coming years and that the price of gold, which hit an
all-time high of $964 an ounce yesterday, will continue
its surge to as much as $3,500 an ounce.
Gold would continue to rise, the analyst Christopher Wood
told fund managers, "because it is the exact opposite of
a structured finance product".
In a blistering attack on US monetary policy and the
"helicopter cash drop" responses of the Federal Reserve,
Mr Rogers described the American dollar as a
"terribly flawed currency".
tinyurl.com
business.timesonline.co.uk.
Got Northgate NXG Gold bargain -
tinyurl.com
NXG - Quarterly gold net cash cost of $18 per ounce and
an annual net cash cost of negative $22 per ounce
of gold for all of 2007.
tinyurl.com
God Bless America
Judge for yourself and then decide whether you wish
to join the strike.
WE ARE CHANGE!!!
tinyurl.com
Constitution Class taught by
The 2004 Libertarian Presidential Candidate,
Michael Badnarik teaches his famous class about
the Constitution....
tinyurl.com
ronpaulaustin.com
tinyurl.com
tinyurl.com
lighthouse57.com
Dr. RON PAUL,
BIOGRAPHY -
en.wikipedia.org
ronpaul2008.com |
