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Ron Paul Biography (Ronald Ernest Paul) : Republican Party Politician
Famous for : Being an outspoken critic of the damaging foreign policies of the United States. His monetary policies have also ruffled the feathers of those looking to do business as usual. Paul has been very critical of the Federal Reserve System. Doctor Ron Paul has also delivered 4000+ babies as an obstetrician-gynecologist.
Paul details : Born - 20th of August, 1935 Pittsburgh, Pennsylvania, USA / Lives United States of America

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The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.
Ron Paul - Federal Reserve - American - Government - Trust - Spending - Economy - Congress

It's a mistake to think that poor people get the benefit from the welfare system. It's a total fraud. Most welfare go to the rich of this country: the military-industrial complex, the bankers, the foreign dictators, it's totally out of control.
Ron Paul - Mistake - Banks - Military - Poor - Dictator - Rich - Welfare - Fraud - Military Industrial Complex

What we need to do is not only live within our means, but start paying down the deficit, and offer an opportunity at least for the next generation to get out.
Ron Paul - Debt - Finance - Opportunity

War is never economically beneficial except for those in position to profit from war expenditures.
Ron Paul - Economy - Military Industrial Complex - War - Profits

If you’re really serious about protecting people’s incomes, you’ve got to consider how you’re going to protect the dollar. If you don’t have the dollar maintaining its value, no matter where you put the money you’re not going to have any value.
Ron Paul - Income - Money - Dollar - Value

First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value. (Ron Paul talking about why the Federal Reserve shouldn't exist)
Ron Paul - Federal Reserve - Economy - Money - Secretive - Value - Constitution - Illegal - Counterfeit - Destructive

We’re bankrupting our country and we have an empire that we’re trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It’s going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out.
Ron Paul - American - Military - Dollar - Money - Bankrupt - Monetary Policy - Currency - Middle Class

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.
Ron Paul - Federal Reserve - Economy - Money - Depression - Stagflation - Policy - Boom - Bust - Recession - Bubble

The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.
Ron Paul - Fed - Money - Dollar - Power - Interest Rates

When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans. Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.
Ron Paul - American - Government - Spending - Economy - Debt - Money - Monetary Policy - Taxes - Borrow - Politicians

You save free markets by promoting free markets and sound money and balanced budgets. The whole reason why nobody wants to address the real problem is, we're spending a trillion dollars a year overseas running an empire, and it's coming to an end. This country is bankrupt, and we won't admit it. Eventually though, the dollar will go bust, and we will bring our troops home, and we will live within our means, but we ought to do it sensibly, rather than waiting for the collapse of the dollar, and this is what we're doing, we're on the verge of destroying our dollar.
Ron Paul - Spending - Military - Dollar - Monetary Policy - Budget - Bust - Money - Bankrupt - Troops - Destructive - Free Market

We are talking about an awesome power. It is the power to weave illusions that appear real as long as they last. That is the very core of the Fed's power.
Of course not everyone is instinctively against this illusion-weaving power, and many even welcome it. Tragically, the innocent who understand little about the complexity of the monetary system suffer the most, while those who are in the know reap great profit whether the market is going up or down.
Ron Paul - Federal Reserve - Economy - Money - Power - Monetary Policy - Profits - Illusion

What's happening is, there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When y
ou inflate a currency or destroy a currency, the middle class gets wiped out. So the people who get to use the money first which is created by the Federal Reserve system benefit. So the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.
Ron Paul - Federal Reserve - Economy - Money - Banks - Currency - Wealth - Middle Class - Poor - Inflation - Billionaire - Wall Street

As bank customers, we tend to believe that we can have both perfect security for our money, drawing on it whenever we want and never expecting it not to be there, while still earning a regular rate of return. In a true free market, however, there tends to be a tradeoff: you can enjoy a money warehouse or you can hope for a return on your investment. You can't usually have both. The Fed, however, by backing up this fractional-reserve system with a promise of endless bailouts and money creation, attempts to keep the illusion going.
Ron Paul - Federal Reserve - Banks - Money - Customers - Free Market - Investment - Illusion

Welfarism and excessive spending and deficits and socialism divide us, because everybody has to go to Washington. Those who have the biggest clout, whose who are the best lobbyists, those who go and they grab. And whether it's the medical industrial complex, or the banking industry, or the military industrial complex, that's who ends up controlling our government.
Ron Paul - Government - Spending - Welfare - Military Industrial Complex - Socialism - Washington - Lobbyists - Banks - Control

Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!
Ron Paul - Federal Reserve - Government - Military Industrial Complex - Economy - Banks - Welfare - Monetary Policy - Capitalism - Fiat Money - Interest Rates - Protectionism - Taxes - Investment - Farming - Education - Insurance - Libertarian

Quotations by Ron Paul Quotations by the American Republican Politician Ron Paul

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