In 2004, I printed out a Ron Paul article titled “Debt, the Greatest Threat to Our Security” because it sounded pretty good and I knew the danger of our already insane debt.
But that was before I began paying attention to Paul’s words rather than his hype. Today I took a closer look at that article. It explains a lot about Paul’s true agenda.
He composed the article because Congress was once again upping its debt ceiling so it could keep on borrowing past the then top of $7.4 trillion, already a number no one can truly comprehend.
Paul wrote: “government debts are not repaid by those who spend the money – they’re repaid by you and future generations.”
Actually they’re never paid at all. (“Repaid” is a misnomer the bankers love. They never paid anything. The debtor is the only real payer.)
With government debt however, only the interest is paid and it’s paid mostly to the Federal Reserve private bankers, which Paul never mentions in the entire article since private bankers are “the market” on steroids; his misbegotten religion.
Instead, he repeatedly mentions (at least eight separate times) the portion of our debt owned by foreign governments and foreign individuals. Even foreign “central banks” is mentioned once, but never a peep about our own federal reserve bank. Paul, in his writings, loathes government, any government, and he knows damned well the Fed is private. You can bet on it.
Yet, at least until the recent creation of exotic paper from lala land (paper that in no way could be mistaken for dollars that you and I use in everyday business) which has caused the late economic meltdown, the amount of the federal debt and the value of the very private federal reserve bank have always been almost the same figure. Makes it difficult for me to believe these foreign holdings of our debt play bigger than those of the fed.
Paul further wrote: “The federal government issues U.S. Treasury bonds to finance its deficit spending.”
This seems reasonable as those bonds represent the wealth of the nation and its people. However, somehow it is unfathomable to Paul, as well as economists in general – to be fair, to see the lunacy of the government creating bonds instead of bills.
Being a totally immersed member of the monopoly capitalist “Austrian school,” his mind is insanely prejudiced against bills as he sees bills, all bills, as more loathsome than debt. He must hate the way Lincoln’s “greenbacks” saved the nation billions in usury over the years of their use.
Besides, the same foreign school teaches the nonsense that money should be private (a number one mantra of Paul’s blind belief in “the self-regulating market”), not government issued, which means someone who teaches that school wants total control over the volume of circulated money outside of government regulation, thus obtaining the built in means to manipulate its value, privately.
This is exactly what we have today in the Federal Reserve notes, as many Americans are finally interested in knowing since their house of cards is teetering and about to fall.
Paul must surely be aware of Tom Edison’s simple statement on this but, just in case, here’s part of it you can send him from the American school of fair play economics:
“If our Nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good also. The difference between the bond and the bill is that the bond lets money brokers collect the amount of the bond and an additional 20 percent interest, whereas the currency pays nobody but those who contribute directly in some useful way.
“It is absurd to say that our country can issue (X dollars) in bonds and not (same X dollars) in currency. Both are promises to pay; but one promise fattens the usurer and the other helps the people.”
Apparently Paul prefers to fatten the usurer and then complain about the unpayable debt that causes. Can he be that stupid?
“It is the people who constitute the basis of government credit. Why then cannot the people have benefit of their own gilt-edge credit by receiving non-interest-bearing currency instead of bankers receiving the benefit of the people’s credit in interest-bearing bonds? If the United States Government will adopt this policy of increasing the national wealth without contributing to the interest collector–for the whole national debt is made up on interest charges–then you will see an era of progress and prosperity in this country such as could never have come otherwise.”
The rest of Paul’s article just rants on and on about the evils of debt because those foreigners who hold it call the shots over us. How it destroys sovereignty and, finally, how debt is slavery. Slavery under those foreigners, of course, with never a mention of the real foreigners, the Federal Reserve.
He does mention that Asian nations, China in particular, can “wage economic war against us simply by dumping their huge holdings of U.S. dollars, driving the value of those dollars sharply downward and severely damaging our economy.”
So Paul DOES understand how manipulating the volume of circulating currency changes its value. Of course, he prefers gold. You’ll never have any because there’s not enough to go around, but the value will be stable, asserts Paul. But he’s wrong there too. Gold is a commodity and its price fluctuates daily. Worse, it’s a controlled commodity; controlled by the same bankers who own almost every currency in the world. Fat chance of using gold to fight them.
Paul, like the banker-owned “economists,” cites gloom and doom figures without ever mentioning that all these figures can be instantly erased by simply calling these criminal private “bankers” (they bank NOTHING of value) what they are and CANCELING ALL THEIR ILL GOTTEN LOAN CREDIT FIGURES FOREVER.
There is absolutely NO REASON to keep the whole world in economic stagnation because these crooked “bankers” who gained all these bookkeeping figures by their criminal scam refuse to stop the scam. To hell with them. Throw them in prison or hang them, as they deserve.
They are TRUE CRIMINALS, the worst set in the world. None of them ever loaned anything of value and the world’s unpayable debts to them are a fiction of bookkeeping which the continuation of makes life miserable for everyone alive except these crooks and their prostitutes, such as good ol’ boy, Ron Paul, congress and the executive in general, and the globalist corporations who make up Paul’s “world market.”
As the London Times (Rothschild country) published about Lincoln’s greenbacks back in “our” uncivil war:
“If that mischievous financial policy, which had its origin in the North American Republic, should become a fixture, then that Government will furnish its own money without cost, It will pay off debts and be without debt. [Thus free of the outside debt slavery Paul is so mournful of. - Tony B.]
It will have all the money necessary to carry on its commerce. [Thus no depression as we are now suffering. - Tony B.] It will become prosperous beyond precedent in the history of the civilized governments of the world. [Apparently, in London, governments are only "civilized" if Rothschild bankers own and control them - keeping the people broke and servile. - Tony B.]
The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.” [The only one left, even then, worth mentioning, of course, being the fake one of Britain, still the true owners of the U.S. - Tony B.]
There you see the easy, simple solution to every economic problem we have today as published by those who feared its honesty would destroy their dishonest scam.
Step 1. Repudiate this lie of a debt.
Step 2. Quit selling interest bearing government bonds on the people’s credit.
Step 3. Print bills on that credit and spend or give them into circulation in the proper amount (Edison again) “to move trade enough to prevent stagnation but not enough to permit speculation.”
Problem solved. Happy days for all but the greedy criminals who now own us would be here again. And would continue forever if this simple plan was put into effect and kept in effect.
Is this the reason that people like Paul continually harp against “cranking up the printing presses?” Are we, plain people, instead supposed to be ever in debt slavery to the “elitists” of the world such as Paul’s Freemasons?
Tell Ron Paul, as well as his deluded disciples, to get real about money or shut up about it.
Related- Makow –Half of National Debt is Owed to Fed