Ron Paul: Bailout Will
Destroy Dollar, World Economy Congressman slams
Federal Reserve power monopoly on House floor as vote nears Paul Joseph
Watson, September 29, 2008
As a vote nears on the $700 billion dollar plus
bailout bill, Congressman Ron Paul took to the House floor this morning to warn
that the passage of the legislation will destroy the dollar and the world
economy.
Stating that the passage of the bailout bill would
only make the problem worse, the Congressman from Texas said, “This has nothing
to do with free market capitalism, this has to do with a managed economy, an
inflationary system, corporatism, a special interest system, and this has
nothing to do with the failure of our free markets and capitalism.”
Paul blamed the current crisis on a Federal Reserve
power monopoly over the money and credit system, the ceaseless borrowing and
printing of money, and dismissed the bill as nothing but more of the same.
“Long term this is disastrous,” continued the
Congressman, “we’ve already pumped in $700 billion dollars, here’s another $700
billion dollars - this is going to destroy the dollar - that’s what you should
be concerned about - if you destroy the dollar you’re going to destroy a
worldwide economy and that’s what we’re on the verge of doing.”
Paul said that the long term implications of the
bailout would be a lot more serious than the problems currently being
experienced by Wall Street.
The Congressman called for more oversight and
warned, “What we’re doing today is going to make things much worse.”
Paul expressed his frustration that free market
economists who predicted the crisis were being ignored while the people who
created the problem were being given the responsibility to offer a solution.
The Congressman was not afforded the time to read
his full prepared remarks, but they were entered into the Congressional record
and can be read at Paul’s Campaign For Liberty website.
Paul’s comments follow
those of Congresswoman Marcy Kaptur, who slammed the bailout bill
this past weekend as the work of criminal insiders who have shut down the
normal legislative process to commit “high financial crimes” and defraud the
American people, while Rep. Michael Burgess warned that “martial law” had been
declared by Nancy Pelosi in order to ram the bill through. Watch the clip.
Congresswoman: Criminal
Insiders Behind Bailout Bill
Rep. Kaptur: Normal legislative process has been shut down, high
financial crimes committed, Republican Michael Burgess says “martial law” has
been announced. Paul
Joseph Watson, September 29, 2008
Congresswoman Marcy Kaptur boldly slammed the
bailout bill this past weekend as the work of criminal insiders who have shut
down the normal legislative process to commit “high financial crimes” and
defraud the American people, while Rep. Michael Burgess warns that “martial
law” has been declared.
The two Congress members are part of a growing
minority of representatives sounding the alarm about the dictatorial nature of
the bailout bill, which is expected to be up for a vote in the House today,
with most in Congress having not had the opportunity to even read the
legislation.
The bill is expected to reach the Senate on
Wednesday as a raft of outraged politicians cry foul about being strong-armed
and accused of being unpatriotic for opposing the carte-blanche passage of a
piece of legislation that fundamentally
centralizes control of the financial infrastructure of the country
into the hands of the government and the Federal Reserve.
“We are Constitutionally sworn to protect and
defend this Republic against all enemies foreign and domestic. And my friends
there are enemies,” Kaptur told the House floor.
“The people pushing this deal are the very ones who
are responsible for the implosion on Wall Street. They were fraudulent then and
they are fraudulent now.”
“My message to the American people
don’t let Congress seal this deal. High financial crimes have been committed,”
added the Democrat from Ohio.
Rep. Michael Burgess - “we
are under Martial Law” D. H. Williams Daily Newscaster Sept 29,
2008
Rep. Michael Burgess (R-TX) reports from the floor
of the House that the Republicans have been cut out of the process and called
unpatriotic for not blindly supporting the fraudulent bailout. He says the only
debate has been about what talking points to use on the American people. The
most ominous revelation is when he claims the Speaker has declared martial law.
“I have been thrown out of more meetings in this
capital in the last 24 hours than I ever thought possible, as a duly elected
representative of 825,000 citizens of north Texas.” Said Congressman Burgess.
Burgess asks the Speaker of the House to post the
bailout bill on the internet for at least 24 hours instead of passing the
largest piece of legislation in US financial history in the “dark of night.”
The most frightening part of Rep. Burgess’
one-minute floor speech is when he says, “Mr. Speaker I understand we are under
Martial Law as declared by the speaker last night.”
Discussion Draft of yet unnumbered House Resolution
Bill to turn your life and liberty over to the elitist who really control this
country. Think of it as the Emancipation Proclamation in reverse.