Message from Ron Paul

Message from Ron Paul (10/18/07)


The other day, my old sparring partner in so many Congressional committee hearings, Alan Greenspan, was on the Fox Business Channel. After Alan promoted his new book, the reporter asked if we really needed a central bank. Greenspan looked stunned, and then said that was a good question; he actually talked about fiat money vs. a gold standard. Now, the ex-Fed chairman is not about to endorse our sound monetary policy, but you know our Revolution is working when such a question is asked in the mainstream media, and this powerful man gives such an answer.
You and I are reopening a whole host of questions that the establishment thought it had closed off forever: on war, on taxes and spending, on inflation and gold, and on the rule of law and our Constitution.
A few years ago, I asked a famous conservative columnist a question. What did he think about the prospects for a restored Robert Taft wing of the Republican party? He thought I was joking. As you know, I was not.
After all the aggressive wars, the assaults on our privacy and civil liberties, the oppressive taxation, and the crazed spending and deficits, I believe that many Republican voters are ready to return to our roots. And the big boys feel it too. It is no coincidence that the Republican National Committee invited me to a fundraising dinner involving only "top-tier candidates."
Some of the opposition claims that I am not a "real Republican," whereas I am the only one in the race. And our campaign is registering new Republican voters by the boatload. None of my opponents is doing anything approaching that.
Of course, they pooh-pooh our success. "He's just registering Democrats and Independents and people who have never voted before." Well, yes. It's called growth. We are laying the groundwork for the primaries.
All over America, our support is wide and deep and growing, and young people are joining like never before. After the Dearborn debate, I went to the University of Michigan for a rally. 2,000 students turned out, something that has happened to no other candidate this year.
The crowd cheered all our ideas, but especially our opposition to the Federal Reserve, and our support for real money of gold and silver, as the Constitution mandates, instead of prosperity-wrecking fiat money. American politics hasn't seen anything like this in many decades. It is truly revolutionary.
But time is getting short. We must do massive radio and TV advertising, open many small offices (three in just South Carolina the other day), staff them, pay all the bills, and turn out our vote with massive organizational and phone-bank efforts.
As you know, the blackout is ending; our campaign is starting to get mainstream media attention, thanks to growing donations and volunteers. And contributions are the key to more attention, and to our being able to do the actual work of victory. Good news: our recent green-eyeshade analysis of all the candidates' net finances, which got so much press attention, shows our campaign as one of only three in the top-tier.
But we must keep moving up, and the Iowa caucuses are now on January 3rd. The New Hampshire primary may be in early December!
As always, everything depends on you. Please, make the most generous donation you can https://www.ronpaul2008.com/donate/ as soon as you can. I need your help so badly.
The other day, an 8-year-old boy handed me a small white envelope. It contained the $4.00 he had saved from his allowance, as a donation to our campaign. I can't tell you how seriously I take my responsibility to work hard, and spend frugally and effectively, to be worthy of his support, and yours.
Please help me keep working, even harder and more effectively, for all we believe in. Without you, I'd have to pack it in. Donate now https://www.ronpaul2008.com/donate/ . We have more than an election to win. We have a country to save.

Sincerely,

Ron Paul

Ron Paul & Alan Greenspan

Alan Greenspan recently published a book in which he "accused Bush of racking up big budget deficits, saying the president and Congress' former Republican leaders abandoned the party's conservative principles favoring small government" and also writes that he regreted each time when President Bush did not use his presidential veto power to address "out-of-control spending." (source: AP)

Today the Free Market News Network highlights three exchanges that took place between Alan Greenspan during his time as chairmen of the federal reserve and Dr. Ron Paul which demonstrate Ron Paul's long track-record for demanding fiscally-sound and sane federal monetary policies which defend freedom and avoid exploitation. A sample:

2/11/2004 — DIALOGUE TWO

(In which Ron Paul gets Greenspan to admit the Fed has ‘inordinate power.’)

Dr. PAUL: "Maybe there is too much power in the hands of those who control monetary policy, the power to create the financial bubbles, the power to maybe bring the bubble about, the power to change the value of the stock market within minutes? That to me is just an ominous power and challenges the whole concept of freedom and liberty sound money."

Dr. GREENSPAN: "Congressman, as I have said to you before, the problem you are alluding to is the conversion of a commodity standard to fiat money. We have statutorily gone onto a fiat money standard, and as a consequence of that it is inevitable that the authority, which is the producer of the money supply, will have inordinate power."

Gold and Economic Freedom

What is Ron Paul talking about when he refers to "sound money"? Read the following essay by Alan Greenspan. The former head of the FED wrote this in 1967 BEFORE he came to power...

Gold and Economic Freedom
by Alan Greenspan
http://www.usagold.com/gildedopinion/greenspan.html

"An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense - perhaps more clearly and subtly than many consistent defenders of laissez-faire - that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.
In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society.
Money is the common denominator of all economic transactions. It is that commodity which serves as a medium of exchange, is universally acceptable to all participants in an exchange economy as payment for their goods or services, and can, therefore, be used as a standard of market value and as a store of value, i.e., as a means of saving.
The existence of such a commodity is a precondition of a division of labor economy. If men did not have some commodity of objective value which was generally acceptable as money, they would have to resort to primitive barter or be forced to live on self-sufficient farms and forgo the inestimable advantages of specialization. If men had no means to store value, i.e., to save, neither long-range planning nor exchange would be possible..."

Read the whole essay here: http://www.usagold.com/gildedopinion/greenspan.html