Ron Paul: ...you have to develop the transition, and eventually the next step would be to prohibit the Fed from monetizing debt. This is the real evil. The politicians spend for war, welfare, and they don't have to do it responsibly.
Question: When you say monetize the debt, you mean they would only be able to spend the cash that they had on hand. They couldn't write any cheques for which they don't have in their account any money?
Ron Paul: That's right. And that is the key to it. Because when the Fed comes along, and there's starvation for capital and liquidity, and politicians are spending too much, the Fed can create 20, 30, 50 billion dollars in a day, just like they did trying to bail out this housing bubble crash. So they create money out of thin air endlessly, eventually that has to stop because that drives the value of the dollar down.
Ron Paul
Related topics
able
account
air
bail
billion
bubble
capital
cash
comes
crash
day
debt
dollar
evil
fed
hand
housing
key
liquidity
mean
money
next
paul
question
real
right
say
spending
spend
starvation
step
stop
thin
transition
trying
value
war
welfare
write
ron
Related quotes
Carbon dioxide, Mister Speaker, is a natural byproduct of nature. Carbon dioxide is natural. It occurs in Earth. It is a part of the regular lifecycle of Earth. In fact, life on planet Earth can't even exist without carbon dioxide. So necessary is it to human life, to animal life, to plant life, to the oceans, to the vegetation that's on the Earth, to the, to the fowl that - that flies in the air, we need to have carbon dioxide as part of the fundamental lifecycle of Earth...There isn't one such study because carbon dioxide is not a harmful gas, it is a harmless gas. Carbon dioxide is natural. It is not harmful. It is part of Earth's life cycle...And yet we're being told that we have to reduce this natural substance and reduce the American standard of living to create an arbitrary reduction in something that is naturally occuring in the earth.
Michele Bachmann
If Christ were to walk in this world today, do you know what would happen to Him? He would be placed in a mental institution and given psycho-therapy, just as would His Saints. The world would crucify Him today just as it did 2000 years ago, for the world has not learned a thing, except more devious forms of hypocrisy. And what would happen if, in one of my classes at the university, I would one day tell my students that all the learning of this world is of no importance beside the duty of worshipping God, accepting the God-man who died for our sins, and preparing for the life of the world to come? They would probably laugh at me, and the university officials, if they found out, would fire me-for it is against the law to preach the Truth in our universities. We say that we live in a Christian society, but we do not: we live in a society.
Seraphim Rose
WHAT HAPPENS AFTER DEATH?
When a human soul goes out of the body, some great mystery happens. For if it is guilty of sins, then there come hordes of demons, evil angels and dark forces, take that soul and drag it to their side.
No one should be surprised at that, because if a man surrendered and fell prey to them while still alive in this world, will not they have even greater control over him and enslave him when he departs from this world?
As for the other, the better part of people, something different happens to them. There are Angels around the holy servants of God in this life; the holy spirits surround them and protect them; and when their souls are separated from the body, the choir of Angels welcomes them into their fellowship, into a bright life, and thus leads them to the Lord.
Macarius of Egypt