Don’t Piss Off China - Listen To Ron Paul
…. Chinese government economists as saying China would dump its dollar holdings in the event of a trade war with Washington added to jitters in stock markets already unnerved by volatility in U.S. share markets.
Government Debt – The Greatest Threat to National Security by Rep. Ron Paul, MD
Once again the federal government has reached its “debt ceiling,” and once again Congress is poised to authorize an increase in government borrowing. Between its ever-growing bureaucracies, expanding entitlements, and overseas military entanglements, the federal government is borrowing roughly one billion dollars every day to pay its bills.
Federal law limits the amount of debt the U.S. Treasury may carry, and the current amount – a whopping $7.4 trillion – has been reached once again by a spendthrift federal government. Total federal spending, which now exceeds $2 trillion annually, once took more than 100 years to double. Today it doubles in less than a decade, and the rate is accelerating. When President Reagan entered office in 1981 facing a federal debt of $1 trillion that had piled up over the decades, he declared that figure “incomprehensible.” At its present rate of spending, the federal government will soon amass $1 trillion of new debt in just one year.
Why am I hearing these facts from a Libertarian? Why aren’t these facts being debated by all candidates candidly? America’s decisions must pass scrutiny by China before it listens to American Taxpayers? What exactly is the American voice in this equation? It’s not rocket science to understand that your child’s allowance will suffer when you must pay the mortgage instead. China seems to hold the note on this country, that’s fine with me as long as I don’t suffer from neglect by those I elect to administer the business of America. America’s allowance is the welfare of our infrastructure. We know all about that because we destroyed Iraq’s infrastructure and must pay to rebuild it. Meantime, our bridges are falling, our roads need repair, our local services are scraping by, our water supply is getting polluted and dwindling, our sewer systems are collapsing and our kids health care is pitiful. Oh, forgot, our electrical grid is becoming unreliable. So, what does this all mean? Ever hear of “robbing Peter to pay Paul”? Well, Peter is pissed and Ron Paul knows it.
Is this why Bush has Armageddon envy? Will this cancel our debts? It surely get everyone’s mind off his criminal behavior and focus on personal survival!
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August 12th, 2007 at 3:47 pm
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August 12th, 2007 at 4:34 pm
<b>Why</b> does Ron Paul want to <a href=”http://www.govtrack.us/congress/bill.xpd?bill=h110-2755″ rel=”nofollow”><b>repeal</b></a> the Federal Reserve Act and abolish the Federal Reserve system?
<i>Watching this film is like taking a College level course in World Economics and American Civics!</i>
<b>The Money Masters</b>
<b><a href=”http://ronpaulaudio.com/rpaudio/TheMoneyMasters.wvx” rel=”nofollow”>The Money Masters</a></b>
<b><a href=”http://www.ronpaulaudio.com” rel=”nofollow”>www.ronpaulaudio.com</a></b>
August 12th, 2007 at 5:08 pm
goldenequity:
Ron Paul wants to go back to the gold and silver standard. Currently countries, mainly China, by bonds in the US Federal Reserve which essentially means they own the U.S. money. If China dumps these bonds onto the market, which they have been discussing last week it would send the U.S. into a depression.
Having the gold and silver standard would not make that possible.
August 12th, 2007 at 6:22 pm
goldenequity
I watched The Money Masters. It does a good job of explaining how the federal reserve works, how it came about and how it controls everything. Thanks for sharing.
August 13th, 2007 at 7:54 am
Will we need is someone who can explain these problems at a sixth-grade reading comprehension level. Them we need to teach Ron Paul how to use this explanation. Any ideas about who can do that?
August 13th, 2007 at 8:39 am
Craig:
You are so correct, anything past a sixth grade reading level gets lost on many.
August 13th, 2007 at 5:03 pm
I’m no fan of Ron Paul.
He’s got issues with gays and that turns me off. He may be correct on a few issues but overall, he’s every bit as scary to me vis a vis social issues as is Mike Huckebee.
August 22nd, 2007 at 1:20 pm
Our government is printing money out of thin air and giving it to other countries as collateral for our debts, this is essentially selling us into servitude because the federal government has no assets only the people do. China may one day call there debt due on default. Once they build up their army they will be over here to collect our property as collateral as payment towards the debt. That home you “own” will become your prison or worse will be destroyed by emminent domain for a Chinese factory. We must end the fake money system and quit paying interest on money we can print ourselves. We don’t need the federal reserve. Our country has the resources now to fend off the world bankers. But not for long if they keep invading other countries and hijacking the oil. Without the oil our machinery will be worthless.
August 22nd, 2007 at 1:28 pm
Jared Peters:
You re so right. What amazes me is how many uniformed Americans there are who don’t even know China owns us.
China scared them last week when they were going to dump U.S.Notes, which would have sent us right into a depression.
If I printed money the way our government does I would be in prison for 10 lifetimes. We have dug a huge hole that will be taken advantage of.
Ron Paul is all for getting rid of the federal reserve. Paul seems to be the only candidate that ever talks about it.