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Ron Paul: There’s Anger… There’s Going To Be Riots In The Streets
The Daily Reckoning ^ | 5-7-2010 | Rocky Vega

Posted on 05/07/2010 3:07:51 PM PDT by blam

Ron Paul: There’s Anger… There’s Going To Be Riots In The Streets

By Rocky Vega

05/07/10 Stockholm, Sweden – Rep. Ron Paul (R-TX) was on Fox News yesterday, discussing Greece and describing how the financial crisis has become a currency crisis… which is much worse. He sees an attack on the dollar in terms of gold, and has no doubt that the currency crisis is a worldwide problem.

Referring to whether or not Greece-like riots could take place in the US he says:

“Absolutely, there’s going to be anger. There’s going to be riots in the streets as well. But this is all a consequence of the fact of why and how government could spend like this. It’s because they don’t have sound money.

“When we run up deficits, we tax, but never enough. We can’t tax, it would ruin the economy. Then we borrow, and we get away with that for a long time. But, we rely on printing presses from the Federal Reserve to create money and that’s where the problem is [...] we can’t have fake money, this is counterfeit.”

[snip]

(Excerpt) Read more at dailyreckoning.com ...


TOPICS: News/Current Events; US: Texas
KEYWORDS: 2kooky4congress; currency; debt; finance; greece; kookpaul; ronpaul; texas
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To: IllumiNaughtyByNature

“Experts predict” lots of stuff. :-)

For every expert you can show me that says “inflation”, I can find one to show you that says, “deflation”.

(but seriously, I concede that the way the US is going, inflation is the only outcome that makes sense to me, and I’m planning my finances accordingly. I hope. The $64 question is... when will it hit?)


41 posted on 05/07/2010 4:06:59 PM PDT by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: Artemis Webb

“You should have been here in 1999 when so many Y2K nuts were “stocking up” for the collapse of civilization brought on by Y2K. I wonder how many of them are still choking down dehydrated beans.”

It was tough back then...you had Clinton saying that everything would be just fine. I mean, what’s a person to think?

In this case we HAVE to crash...we simply cannot spend 10% more than we produce, year after year, without someone (maybe China) simply pulling the plug. Right now they cling to the notion that we are still (somehow) interested in paying it back...once they give up on us, Y2K fears will look like a walk in the park.


42 posted on 05/07/2010 4:08:14 PM PDT by BobL
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To: Extremely Extreme Extremist
If you want to bloviate about his debunked associations with 9/11 Truthers and anti-war kooks, go to a different thread.

Checking my list of people from whom I take orders.

Checking...

Checking again...

Nope, you ain't on it. Sorry, pal.

43 posted on 05/07/2010 4:08:31 PM PDT by humblegunner (Pablo is very wily)
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To: NewSlavery

It’s a crap shoot. The debt will be paid one way or the other.


44 posted on 05/07/2010 4:08:59 PM PDT by SaraJohnson
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To: Artemis Webb

>> I wonder how many of them are still choking down dehydrated beans.

Ew. I wouldn’t want to get behind those folks. If you know what I mean (and I think you do).


45 posted on 05/07/2010 4:09:10 PM PDT by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: humblegunner
SmileyCentral.com
46 posted on 05/07/2010 4:12:26 PM PDT by verity (Obama Lies - Obongo must go!)
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To: Skepolitic

That’s why I always laugh off when I see people on here saying conservatives will ‘do something’ like mass protests, striking, Galting, or whatever. They’ll do no such thing and sucker whitey males will keep on supporting the left financially until they are finally killed off in a whimper.


47 posted on 05/07/2010 4:16:40 PM PDT by Tolsti2
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To: Artemis Webb

“When you accept money in payment for your effort, you do so only on the conviction that you will exchange it for the product of the effort of others. It is not the moochers or the looters who give value to money. Not an ocean of tears nor all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper, which should have been gold, are a token of honor – your claim upon the energy of the men who produce...


48 posted on 05/07/2010 4:17:00 PM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: NewSlavery

“House prices, commodities, even metals will take a big fall as our economy begins to fail”

House prices down
Some commodities down
Food up
Gold up (actually stays the same as everything goes down)

Houses in relation to gold down.
http://www.chartoftheday.com/20100423.htm?T


49 posted on 05/07/2010 4:17:52 PM PDT by cowtowney
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To: cowtowney

Bookmark


50 posted on 05/07/2010 4:20:00 PM PDT by dragnet2
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To: hoosierham

Think of FRNs as being the tickets you buy for use on the midway at the state fair. Because of the rules of the midway, you can’t pay for anything other than the tickets with money, you are saddled with buying and using the tickets for all the food and rides. The tickets work fine for riding the Ferris Wheel at the fair, but just don’t try to save any for next years fair. Folks that use the lame example about just sending them your FRNs don’t understand that when next years fair gets here, they’ll be welcome to last years tickets.


51 posted on 05/07/2010 4:22:15 PM PDT by farmguy
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To: Tolsti2
sucker whitey males will keep on supporting the left financially until they are finally killed off in a whimper

Really? And what will YOU be doing, Rambo?

52 posted on 05/07/2010 4:23:08 PM PDT by humblegunner (Pablo is very wily)
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To: Artemis Webb

“I wonder how many of them are still choking down dehydrated beans.”

Had some yesterday, as a matter of fact. ‘Stocking up’ does not make one an “nut”. Those who buy their groceries daily are the fools.


53 posted on 05/07/2010 4:30:05 PM PDT by panaxanax
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To: Artemis Webb

I actually more or less agree with ya. Paper, gold, silver - great runs, but I sold my gold/silver (did well for me) and now am more in lead. Gonna get some more silver, maybe tomorrow. And always more lead...


54 posted on 05/07/2010 4:33:52 PM PDT by LearnsFromMistakes (Tag line deleted...don't want to incite violence...)
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To: humblegunner

Nope, I’ll be doing the same as the rest. Working when I can, unemployed due to socialism/outsourcing when I can’t.


55 posted on 05/07/2010 4:40:52 PM PDT by Tolsti2
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To: Artemis Webb
The Bankruptcy Of The United States, United States Congressional Record, March 17, 1993 VOL. 33, page H-1303

Mr. Speaker, we are here now in chapter 11... Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth, hopefully, a blueprint for our future. There are some who say it is a coroner’s report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; Declared by President Roosevelt, being bankrupt and insolvent. H. J. R. 192, 73rd. Congress in session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Government Offices, Officers and Departments and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H. R. 13955 reads in part: “The U.S. Secretary of Treasury receives no compensation for representing the United States?”

Gold and silver were such a powerful Money during the founding of the United States of America, that the founding fathers declared that only gold and silver coins can be money in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or “currency”. Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRN's) made no such promises, and are not money. A Federal Reserve Note is a debt obligation of the federal United States government, not money. The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the United States of America to issue currency of any kind, but only lawful money, - gold and silver coin.

It is essential that we comprehend the distinction between real money, and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper in debt. We the People no longer have any money. Most Americans have not been paid any money for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now, do you understand why you are “bankrupt,” along with the rest of the country?

Federal Reserve Notes (FRN's) are unsigned checks written on a closed account. FRN’s are an inflatable paper system designed to create debt through inflation (devaluation of currency). Whenever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs.

Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRN’s has everybody fooled. They have access to an unlimited supply of FRN's, paying only for the printing costs of what they need. FRN’s are nothing more than promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay the debt to the Federal Reserve Bank.

There is a fundamental difference between paying and discharging a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRN’s, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common Law is valid unless it involves an exchange of good and valuable consideration. Unpayable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity or justice because they have so much wealth already.

Their lust is for power and control. Since the inception of central banking, they have controlled the fates of nations.

The Federal Reserve System, is based on the Canon law and the principles of sovereignty protected in the Constitution and the Bill of Rights. In fact, the international bankers used a “Canon Law Trust” as their model, adding stock and naming it a “Joint Stock Trust”. The U.S. Congress had passed a law making it illegal for any legal “person” to duplicate a “Joint Stock Trust” in 1873. The Federal Reserve Act was legislated post-facto (1870), although post-facto laws are strictly forbidden by the Constitution. (1:9:3)

The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operating exclusively under Admiralty/Maritime law. The lender underwriter bears the risks, and the Maritime law compelling specific performance in paying the interest, or premiums are the same.

Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principal.

Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) “hypothecated” all property within the federal United States to the Board of Governors of the Federal Reserve, - in which the Trustees (stockholders) held legal title, the U.S. citizen (tenant, franchisee) was registered as a “beneficiary” of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their “subjects”, the 14th. Amendment U.S. citizens, to the Federal Reserve System.

In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit “money substitute” it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as condition of the loan. Since the federal United States didn’t have any assets, they assigned the private property of their “economic slaves”, the U.S. citizens, as collateral against the unpayable federal debt. They also pledge the unincorporated federal territories, national parks forest, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.

Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the People have exchanged one master for another.

This has been going on for over eighty years without the “informed” knowledge: Of the American people, without a voice protesting loud enough. Now it’s easy to grasp why America is fundamentally bankrupt.

Why don’t more people own their properties outright? Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid? Why does it feel like you are working harder and harder and getting less and less?

We are reaping what has been sown, and the result of our harvest is a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life. Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this unpayable debt, and the tyranny to enforce paying it.

America has become completely bankrupt in world leadership, financial credit and its reputation for courage, vision and human rights. This is an undeclared economic war.

Bankruptcy, and economic slavery of the most corrupt order! Wake up America! Take back your country.

56 posted on 05/07/2010 4:41:07 PM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: blam

The action in Greece is trivial compared to the 60’s burning of Detroit and LA.

Since Detroit is in tatters, the remaining living city will be destroyed when the rioting begins. It will spread to other cities falling apart. San Francisco might be the California conflagration this time around. Philadelphia and Cincinnati are also likely to burn.

The Obama cancer will be burned from the American body when it begins


57 posted on 05/07/2010 4:43:26 PM PDT by bert (K.E. N.P. +12 . Ostracize Democrats. There can be no Democrat friends.)
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To: EBH

I know there is a point to all of that but since literally ANYTHING true or untrue can be entered into the Congressional Record the whole thing is kind of moot, and so not worth my time to read. Indeed the words entered never even have to be spoken on the floor.


58 posted on 05/07/2010 4:47:06 PM PDT by Artemis Webb (DeMint 2012----Remember May 20th is "Everybody Draw Mohammed Day")
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To: Artemis Webb

Well maybe, just maybe if you knew the man who spoke those works ended up in prison...would it matter then?


59 posted on 05/07/2010 4:48:20 PM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: panaxanax
"‘Stocking up’ does not make one an “nut”"

That kind of depends on what you are stocking up for. When you start resembling Charles Manson and his followers (doubtless you are more groomed and less psychotic) stocking up for the social chaos of "Helter Skelter" you can pretty much be labeled a nut.

60 posted on 05/07/2010 4:51:41 PM PDT by Artemis Webb (DeMint 2012----Remember May 20th is "Everybody Draw Mohammed Day")
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