Ron Paul Slams Bernanke For Dollar Meltdown

Paul Joseph Watson
Prison Planet
Thursday, September 20, 2007

Ron Paul has slammed Federal Reserve Chairman Ben Bernanke for deliberately depreciating the value of the dollar to artificially bail out Wall Street while poor and middle class people lose their homes and have their living standards lowered.

During a Banking Committee hearing on Capitol Hill today, the Texas Congressman confronted Bernanke and accused the Fed of trying to solve the problem of inflation with more inflation by creating artificially low interest rates that have no effect because of the dollar's weakness.

Watch the video.

Paul questioned how it could ever be morally justifiable to deliberately depreciate the dollar and pointed out the fact that the dollar collapse was a deliberate policy on behalf of the Fed.

Bernanke, Treasury Secretary Henry Paulson and Alan Greenspan have all been busy bad-mouthing the dollar over the past few weeks even as major players like China and Saudi Arabia consider dumping US treasuries, a move that would immediately trigger a dollar meltdown.

Ron Paul identifies the true culprits of the planned economic implosion while the establishment media and the yuppies celebrate the hollow "solution" of an interest rate cut that has no substantive benefit and only increases the risk of another depression by sinking the dollar to historic lows and ensuring foreign holders of US debt run for the door at breakneck speed.

Congressman: Stock Market Will Eventually Collapse

Ron Paul says martial law provisions in place to deal with economic discord

Paul Joseph Watson
Prison Planet
Wednesday, August 29, 2007

Texas Congressman and presidential candidate Ron Paul says that attempts to rescue an ailing stock market last week, during which the Fed pumped in billions in liquidity, were merely a stop gap measure - and that an economic collapse is all but inevitable.

"They think that they can control it but eventually they can't, as powerful as they are eventually the markets are more powerful," the Congressman told the Alex Jones Show yesterday.

"The dollar can't be kept in check because eventually it will come unwound," he added.

"But I think the most significant figure we've heard in the last few weeks is the measurement between 2000 - 2005, the clear cut admission that real income has gone down, which is a reflection of the dollar."

Paul explained that recent attempts to pump liquidity into the markets are only a temporary fix and that the long-term effects of doing so spell disaster for the economy.

"The dollar is plunging no matter what you read and hear about and no matter how hard they work to keep the bubble going the only way they can do that is creating more money....causing the dollar to go down even faster, the market seems to be reassured - there's a contrivance to try to hold this together....but it won't last, eventually it's going to collapse," said Paul.

The Texas Congressman cited the repeal of the Insurrection Act as opening the door to a declaration of national emergency and martial law which could be instituted for any number of reasons, including civil disobedience in the event of an economic downturn and a run on the banks.

"If in 6 months or a year there is total chaos who knows what they might try to do," said Paul.

The presidential candidate also slammed the abolition of Habeas Corpus as a "very dangerous sign" that plans were being laid for martial law.

"Why would they change them (the laws) if they didn't plan to use them," concluded Paul.

Suspicions were raised last week when a mystery trader risked billions of dollars after buying 245,000 put options on the Dow Jones Eurostoxx 50 index, in effect a speculation that the market would crash by a third before September 21st.

Ron Paul: Iran Attack On Within A Year

Presidential candidate says Neo-Cons waiting for right opportunity

Paul Joseph Watson
Prison Planet
Tuesday, August 28, 2007

Presidential candidate Ron Paul believes that an attack on Iran is highly likely within a year and that the Bush administration is simply waiting for the right opportunity, or event on which to blame Iran, before launching the assault.

"If I were a betting man I would bet that they will attack Iran before the end of this administration, which means in the next year or so," the Congressman told the Alex Jones Show today.

"The plans have been laid just like the plans were laid to go into Iraq a long time before they did but they had to wait for the right opportunity."

"The radical Neo-Cons are still there - they may have been diminished a little bit but they're still very very influential and very very powerful and they have the President's ear so I think they're just laying the plans, waiting for the opportunity," said Paul.

" I don't think the opportunity presents itself right now, I don't think we're gonna wake up tomorrow morning and have it happen unless they can blame the Iranians for something else - of course they're setting the stage for that by declaring that their Guard unit over there is a terrorist organization, so anything now is possible and they'll blame it on the Iranians and and make that excuse."

The Presidential candidate said he had "Talked to some military people and historians who knew the region," and they they told him "it would be the most disastrous thing we could do for our own sake," jeopardizing the lives of U.S. troops in Iraq and trapping them from getting out of the Persian Gulf.

Rhetoric regarding a potential military attack on Iran has heated again over the past few days, and President Bush himself stoked the flames further today when he warned of the risk of a "nuclear holocaust" if the country was allowed to acquire nuclear capability.

In a speech Monday, French President Nicolas Sarkozy said that a diplomatic push by the world's powers to rein in Tehran's nuclear program was the only alternative to "an Iranian bomb or the bombing of Iran."

Iranian President Mahmoud Ahmadinejad today stated that a U.S. attack on Iran was "impossible" due to U.S. troops being tied down in Afghanistan and Iraq. He also dismissed Sarkozy's warning, calling the French premiere "inexperienced" and labeling his comments as purely "for the consumption of his inner circles."

Establishment Media Ignores Ron Paul Straw Poll Success

Press lauds Romney's victory in meaningless Iowa contest, yet barely acknowledges Texas Congressman's sweep of Alabama and New Hampshire

Prison Planet August 20, 2007
Paul Joseph Watson

The establishment media has sought to bury and scoff at Ron Paul's dominating success in the Alabama and New Hampshire straw polls, while exalting the meaningless Iowa contest as a bellwether benchmark of national sentiment simply because their stooge Mitt Romney was the winner.

The Texas Congressman completely demolished the opposition in the Alabama straw poll, achieving 216 votes (81%) compared to Romney's 14 and Giuliani's 7.
He also trounced the contest's only southerner, Mike Huckabee, by a clear 210 votes.

The Alabama state primary will play a very prominent role in next year's presidential election because it is expected to be moved forward and become one of the first.

Ron Paul was also victorious in New Hampshire this weekend after garnering 73% of the vote at the Strafford County GOP straw poll.

All the candidates had representatives in New Hampshire and Paul easily beat off Tancredo and Huckabee, who were there in person. A PR attempt on behalf of the Romney campaign to place signs all around the venue got a return of just 26 votes.

The significance of straw polls can be debated back and forth, but what can't be argued is the fact that Mitt Romney received lavish coverage from the media after his success in Iowa - despite the fact that the Iowa straw poll has historically proven to be meaningless - yet Paul's victory in Alamaba and New Hampshire was met with muted dismissal. "Now, granted, Alan Keyes won the last contested GOP straw poll in 1999, followed by Orrin Hatch, with eventual nominee George W. Bush coming in third," writes Outside the Beltway's James Joyner , "But Pat Robertson won the Iowa straw poll in 1987 and the press still pretends that contest is meaningful. Indeed, the winner in Ames has only gone on to win the nomination once. George H.W. Bush won the poll in 1979 and went on to lose the nomination to Ronald Reagan. Then, Bush lost the poll in 1987 (to Robertson) only to win the nomination. The other George Bush won in Ames in 1999, though, and also won the whole thing. So they're 1 for 4!"

If the race was on a level playing field and the establishment media afforded as much attention to Ron Paul's success as they gave Mitt Romney after the Iowa straw poll, the Texas Congressman's campaign would be given unstoppable momentum, which is why at every turn the press have sought to dismiss, ridicule and ignore the only Constitutional candidate on the roster - Congressman Ron Paul.