Bail Quotes
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
My Lord, it is difficult to reply in a restrained fashion. My learned friend must not use words such as 'Communist' lightly, when he refers to Kantor. Kantor is not a Communist. My learned friend has used the tactics of McCarthyism in an endeavour to smear him. I think, with respect, my learned friend is allowing himself to run away with facts that are not there. His complaint in count one is not that they found files with evidence. Oh not, he says that we found files with nothing in them. Not in Kantor's office, but in the office of Wolpe. Then my learned friend that the practice had been ruined and liquidated Knator's practice, my lord, it is not Kantor. It is not Kantor! Why I say it is so difficult to be restrained, is that my learned friend has thrown in everything hat concerns every accused in this case, and says 'that is why I don't want Kantor to get bail'.
Harry Schwarz