Our economy is extremely shaky, and the dollar is going through a crises. Do we hear the two major candidates addressing this? All we hear are attacks from both sides but, hey what’s a campaign without the smearing? The latest smear for Obama from the “McCamp” is that Obama is a “celebrity”—like it was a bad thing. McCain has been on Letterman and Saturday Night Live, but that does not make him a celebrity?—Please.
Have you paid close attention as to what the candidates proposed to do about the economy? All they offer are “band aids” to try and fix the economy. They may have good intentions, but the problem is a philosophical one. Let us start with this quote from the U.S. Constitution: “The Congress shall have power to coin money, regulate the value thereof…” Today, the Federal Reserve has this power and it is not even a government agency—it is a privately owned “bank.” They are not subject to audits and do not have to give an account to “we the people.” They are more secretive than the CIA.
Ron Paul for 35 plus years has been trying to warn us of this looming crises and what needs to be done to stop the pending disaster. In a speech that he made to the House on July 9, 2008 entitled, “Something Big is Happening”, he makes this interesting statement about our fiat currency and the “dollar bubble:”
"There are various reasons that the world economy has been globalized and the problems we face are worldwide. We cannot understand what we're facing without understanding fiat money and the long-developing dollar bubble.
There were several stages. From the inception of the Federal Reserve System in 1913 to 1933, the Central Bank established itself as the official dollar manager. By 1933, Americans could no longer own gold, thus removing restraint on the Federal Reserve to inflate for war and welfare…Ironically in these past 35 years, we have benefited from this very flawed system. Because the world accepted dollars as if they were gold, we only had to counterfeit more dollars, spend them overseas (indirectly encouraging our jobs to go overseas as well) and enjoy unearned prosperity. Those who took our dollars and gave us goods and services were only too anxious to loan those dollars back to us. This allowed us to export our inflation and delay the consequences we now are starting to see.
But it was never destined to last, and now we have to pay the piper. Our huge foreign debt must be paid or liquidated. Our entitlements are coming due just as the world has become more reluctant to hold dollars. The consequence of that decision is price inflation in this country--and that's what we are witnessing today… The more the government is allowed to do in taking over and running the economy, the deeper the depression gets and the longer it lasts. That was the story of the 30s and the early 40s, and the same mistakes are likely to be made again if we do not wake up."
Are McCain and Obama trying to warn us or maybe distract us?
