Ron Paul’s Urgent Warning on the Inevitable Collapse of the Dollar

Global financial crisis fears after US rating downgrade |

A lesson from all this avoidable debt and dollar crisis is that establishing the Federal Reserve not only did nothing to resolve what they said was the purpose, that of banking credibility and bank runs from the 19th century, it only nationalized the problem, postponing it for a run on the federalized bank, especially when they let the dollar loose from a gold or silver standard.

Another lesson from the debt downgrade: The warnings that the ratings warning had nothing to do with unlimited spending and socialist Ponzi schemes were dead wrong. But the Congresspersons that were saying so from “high places” like Congress knew they were wrong. Durbin knows their positions proved to be ruinous to the economy, he said so with his Keynesian economics coffin comment.

So if they know that what they are demanding is destructive to the economy, why do they demad it? Why do throw epithets and dirty names at the ones who want to do the non-Keynesian things that would save the economy, or at least lessen the pain toward a more sensible economic policy?

Or, why do they want to do it, or, why do they think they have to do it?

Not all warnings are scare-mongering like Obama’s threats to unilaterally default on debt or let Granny starve if the Congress didn’t capitulate with the debt ceiling raise, which they did, giving up the constitutional duties of Congress to a committee of twelve Boss-selected legislators for no extra charge. But in the words of Rahm Emmanuel: “You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before.”

Meaning, in their own words, they use “crisis” all the time to put one over on us and get us to go along with outrageous attacks on our liberty and our property that we would not have tolderated otherwise.

Although of course it could be they plan to use the dollar’s fall to ditch the dollar for a new one-world currency –but don’t call it “currency” just yet.

They could have just balanced the budget instead. Oh yeah, what budget? They could have legislated Ron Paul’s painless solution to buy time for a genuine solution.

Does anybody think this commitee selected by the same group of power brokers that have failed 117 times before already is going to do anything different? Or make a difference?

Ron Paul’s Urgent Warning on the Inevitable Collapse of the Dollar:

The dollar is a “false balance” where the vendor, the Fed, tells you it it is equivalent to a dollar’s worth of gold, but they have their hands on the scale and every time they “print” more dollars or finance more dollar debt they are robbing you of value:

Proverbs 11:1  ¶A false balance is abomination to the LORD: but a just weight is his delight.

Hosea 12:7  ¶He is a merchant, the balances of deceit are in his hand: he loveth to oppress.

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