Fed monetizing Fannie and Freddie?

[4plexowner]

IMO, our best hope and highest priority is to get Ron Paul elected in 2008 – Ron Paul is the only true statesman that is running for president – the rest of the wannabe’s are just preening politicians playing the political game

Mr. Paul has already introduced legislation to do away with the Federal Reserve

~

Second priority is education – knowledge is power

“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford

“The few who understand the system, will either be so interested from it’s profits or so dependant on it’s favors, that there will be no opposition from that class.” — Rothschild Brothers of London, 1863

“Give me control of a nation’s money and I care not who makes it’s laws” — Mayer Amschel Bauer Rothschild

“A great industrial nation is controlled by it’s system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world–no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men.” –President Woodrow Wilson

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance”. — James Madison

~

debate against the Fed in 1913:

“These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency…” — Mr. Crozier of Cincinnati, before Senate Banking and
Currency Committee – 1913

“The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency… I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.” — Henry Cabot Lodge Sr., 1913

[the US dollar has lost almost 97% of its value since Mr. Lodge voiced his concern about inflation]

[JWM in SD]

I hear 4Plex, but I don’t think Ron Paul is electable unfortunately. And if he did somehow become Pres then I would not be suprised if something bad happened to him inside of a year.

[JWM in SD]

I hear 4Plex, but I don’t think Ron Paul is electable unfortunately. And if he did somehow become Pres then I would not be suprised if something bad happened to him inside of a year.

[sdduuuude]

” … get Ron Paul elected in 2008 ”

Not exactly the investment advice I was hoping for.

[sdduuuude]

” … get Ron Paul elected in 2008 ”

Not exactly the investment advice I was hoping for.

[4plexowner]

The subprime mess sure hit the press again this week – lots of negative news about the economy

I’m sure it’s just a coincidence that we are getting a flurry of terror warnings this week

~
Secretary Chertoff Discusses Threat Situation
http://www.dhs.gov/index.shtm
July 11, 2007 – Secretary Chertoff spoke Tuesday, July 10 to the editorial board of the Chicago Tribune: “I believe we’re entering a period this summer of increased risk. “
~

US loses sleep over summer terror threat
http://www.indianexpress.com/story/204649.html

WASHINGTON, July 11: US counter-terror officials are warning of an increased risk of an attack this summer,

~
Arizona Congressman shares concerns over increased terrorist threat
http://www.bizjournals.com/phoenix/stories/2007/07/09/daily30.html

July 11, 2007
A key Arizona lawmaker shares U.S. Homeland Security Michael Chertoff’s concern that there is a substantially increased threat of a terrorist attack inside the U.S. this summer.

~
White House, FBI Agents Race to Disrupt ‘Summer of ’07’ Threat
July 11, 2007 2:18 PM
Senior law enforcement officials said today that the growing signs of a “Summer of ’07” terror attack on the U.S. have led the FBI to dispatch dozens of agents to track down new leads across the country.

~

Praying for a Terrorist Strike: The GOP’s Newest Political Strategy
http://www.lewrockwell.com/grigg/grigg-w24.html
July 7 interview of senator Rick Santorum
“[C]onfronting Iran in the Middle East as an absolute linchpin for our success in that region…. And while it may not be a popular thing to talk about right now, and I know public sentiment is against it [namely, the war in Iraq and expanding the conflict to Iran] … between now and November, a lot of things are going to happen, and I believe that by this time next year, the American public’s going to have a very different view of this war, and it will be because, I think, of some unfortunate events, that like we’re seeing unfold in the UK. But I think the American public’s going to have a very different view….”

[is Santorum praying for a nuclear strike or does he know something that we don’t?]

[4plexowner]

The subprime mess sure hit the press again this week – lots of negative news about the economy

I’m sure it’s just a coincidence that we are getting a flurry of terror warnings this week

~
Secretary Chertoff Discusses Threat Situation
http://www.dhs.gov/index.shtm
July 11, 2007 – Secretary Chertoff spoke Tuesday, July 10 to the editorial board of the Chicago Tribune: “I believe we’re entering a period this summer of increased risk. “
~

US loses sleep over summer terror threat
http://www.indianexpress.com/story/204649.html

WASHINGTON, July 11: US counter-terror officials are warning of an increased risk of an attack this summer,

~
Arizona Congressman shares concerns over increased terrorist threat
http://www.bizjournals.com/phoenix/stories/2007/07/09/daily30.html

July 11, 2007
A key Arizona lawmaker shares U.S. Homeland Security Michael Chertoff’s concern that there is a substantially increased threat of a terrorist attack inside the U.S. this summer.

~
White House, FBI Agents Race to Disrupt ‘Summer of ’07’ Threat
July 11, 2007 2:18 PM
Senior law enforcement officials said today that the growing signs of a “Summer of ’07” terror attack on the U.S. have led the FBI to dispatch dozens of agents to track down new leads across the country.

~

Praying for a Terrorist Strike: The GOP’s Newest Political Strategy
http://www.lewrockwell.com/grigg/grigg-w24.html
July 7 interview of senator Rick Santorum
“[C]onfronting Iran in the Middle East as an absolute linchpin for our success in that region…. And while it may not be a popular thing to talk about right now, and I know public sentiment is against it [namely, the war in Iraq and expanding the conflict to Iran] … between now and November, a lot of things are going to happen, and I believe that by this time next year, the American public’s going to have a very different view of this war, and it will be because, I think, of some unfortunate events, that like we’re seeing unfold in the UK. But I think the American public’s going to have a very different view….”

[is Santorum praying for a nuclear strike or does he know something that we don’t?]

[rseiser]

Since this thread talks about monetizing the coming real-estate mess and bailing out reckless borrowers and lenders…
I agree that Ron Paul is the only guy in Congress who has some backbone, and he is one of the few who would always stand up against such nonsensical ideas. He is always asking critical questions when Bernanke speaks, and without him I suspect the Fed would get away with even more deception.
Just look at the issue of inflation. Ron Paul correctly points out that only the continuous creation of money and credit leads to inflation, and which is way higher than 2-3%. That quotes rate is however what many retirees’ and other people’s pay is tied to, so they are continuously getting squeezed. Talk about disgust, at the same time members of Congress vote themselves a much higher pay raise for their own retirement. A program Ron Paul abstains from.

Like him or not for president (which obviously he has hardly a chance of winning), I appreciate his honesty so much that I gave him the maximum contribution for his campaign. I seriously hope he will stick around, or that more politicians like him emerge.
They incidentally called me back and invited me to a small dinner group where he will show up. So I can ask him what he thinks about housing bailouts etc.
He might also show up in Irvine if we can keep a high standing in his competition.
I really think this guy deserves support for everything he taught me and what he has stood up for.

[Author]

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