Thursday, November 10, 2011

Partial Transcript of Ron Paul's speech to the National Press Club on 5 Oct. 2011


Here are quotes, specifically as it relates to OWS with link and times on YouTube video of event.

"Basically, we as a people in our Universities have been taught Keynseian economics and that's planned economy. And the federal reserve has become the big central economic planner. But the results right now and the demonstrations on the streets, not only around the world but here in the United States demonstrates that there are a lot of people that are pretty upset and know there is something wrong and want something different. But the big goal is to define exactly how, and why we got into this mess and what we have to do to get out of it." See http://www.youtube.com/watch?v=D6_26cTN6GI, starting at 4:15."

We are getting some information and the information isn't good. The Fed was involved with probably about $15T worth of transactions and a third of it was there to serve foreign banks. And when the American people hear this, no wonder they are up on Wall Street raising cain, because they know that the system is biased against the average person." See http://www.youtube.com/watch?v=D6_26cTN6GI, starting at 7:30."

I can't speak for the people out there, because I do not know who they are and exactly what they are demonstrating against. I can argue the case for their right to express their outright frustration with what is going on. Some are liberals and some are conservatives, and some are libertarians and some are strict constitutionalists. And, if you read carefully, alot of what I've written on economic policy over the last 10-15 years, I talk alot about this, that eventually we will go bankrupt. Eventually we will undermine our productivity. We've had no new jobs in the past 10 years. And yet we've had a 30 million increase in our population. ... that eventually our jobs would go overseas, and the pie would shrink and there would be an agressive attitude to get the piece of the pie that's no longer there. And this is what we are seeing. So, you will have a mixture up there. But as far as the federal government involved in the practice of civil disobedience in the very states, its really up to the States to deal with it. I think civil disobedience, if everyone knows exactly what they are doing, is a legitimate effort. It has been done in this country for many grievances and some people end up going to jail for this. But, to speak for a special group and say "yeah, I like what they are doing or they are not doing" ... but what I want to do is try to sort it out and tell people why they are struggling and that this was a predictable event and the solution is really, getting a healthy economy back. And you can't get a healthy economy until you deal with the many things I've just got done saying." See http://www.youtube.com/watch?v=D6_26cTN6GI, starting at 30:10.