Ron Paul’s Opening Statement: The Federal Reserve Created the Crisis
=========Ron Paul: Thank you, Mr. Chairman. Good morning, Chairman Bernanke. The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustained economic growth has delivered this crisis to us.=================
He’s virtually right. He has missed out on how the banks were forced by government to do what they did, but given his push to open the fed’s books I’m willing to overlook it.
Ron Paul is like a raw oyster: You gotta clear away so much crap just to get to the good stuff, which is worth it.
Its always intresting to see people that refuse to accept any other perspective than:
This is America, everything will always be ok.
Our Government will never fail at keeping the system going.
America will always be the world’s powerhouse nation.
Becasue we are entitled, we will get and have everything we want.
My advice is to never say never.