Ron Paul Warns of Global Economic Collapse

Raw Story

In the House, Ron Paul recently spoke to his fellow congress members about the economic dangers we face. His speech focused more on how we need to change philosophy not accounting methods.
But the main point is the war and how much we are spending on our "empire" around the world. There's no way to start bringing down the deficit and saving the dollar without seriously looking at what we're spending on foreign military adventures.

Press Secretary Perino Says She'd Be Fired If She Talked About Failing U.S. Dollar

Ron Paul Slams Bernanke in Congress, Again: "History is Against You"

Presidential candidate Congressman Ron Paul takes FED chairman Ben Bernanke to task once again in a House Financial Services Committee meeting today in Washington. Paul lets loose on the FED chairman about their destructive activity that is destroying the value of the dollar. Bernanke, like clockwork, gives his same old tired response about the CPI, which does NOT comprehensively account for all of the areas of "consumer cost". Frankly, its just a ridiculous response. Bernanke really ends up having no choice but to admit that Paul is right.

Ron Paul Says Federal Reserve 'Robbed' Americans of their Wealth

Texas congressman takes shots at the Federal Reserve during Chairman Bernanke's testimony.
Jeff Poor
Business and Media Institute

Federal Reserve Chairman Ben Bernanke appeared before the Congressional Joint Economic Committee on November 8, but had to face criticism from Republican presidential candidate and Texas congressman Ron Paul.

Paul made accusations the Federal Reserve was stealing people’s money.

“There is a dollar crisis out there and people’s money is being stolen,” Paul said. “People who have saved, they’re being robbed. I mean, if you have a devaluation of the dollar at 10 percent, people have been robbed of 10 percent.”

Federal Reserve Chairman Ben Bernanke attempted to dispel the notion people were being “robbed” of their money by explaining the relativity of the dollar in a local economy.

“If somebody has their wealth in dollars and they’re going to buy consumer goods in dollars, then as a typical American … then the decline in the dollar – the only effect it has on their buying power is that it makes imported goods more expensive,” Bernanke replied.