Ron Paul 2003: Paper Money & Tyranny
Ron Paul Liberty Report
Ron Paul Liberty Report
4.9 • 2.3K Ratings
🗓️ 6 February 2023
⏱️ 54 minutes
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| 0:00.0 | Thank you, Mr. Speaker. |
| 0:04.5 | Mr. Speaker, I ask unanimous consent to revise and extend my remarks. |
| 0:07.9 | That was actually- |
| 0:09.1 | Mr. Speaker, earlier we heard some concern expressed for jobs leaving this country, and if one's |
| 0:16.5 | concerned about that, maybe it would be advantages to listen to what I say because I tried to |
| 0:23.7 | give an explanation for exactly the reason why those jobs leave. |
| 0:28.4 | My special order today is entitled Paper Money and Tyranny. |
| 0:33.3 | Mr. Speaker, all great republics throughout history cherish sound money. |
| 0:37.6 | This meant that the monetary unit was a commodity of honest weight and purity. |
| 0:43.2 | When money was sound, civilizations were found to be more prosperous and freedom thrived. |
| 0:48.2 | The less free a society becomes, the greater the likelihood its money is being debased |
| 0:53.6 | in the economic well-being of its citizens diminished. |
| 0:57.6 | Allen Greenspan years before he became Federal Reserve Board Chairman in charge of flagrant |
| 1:02.6 | and leasing the US dollar, wrote about this connection between sound money, prosperity, |
| 1:08.6 | and freedom. |
| 1:10.0 | In his article, Gold and Economic Freedom in 1966, Mr. Greenspan starts by saying, |
| 1:17.4 | an almost hysterical antagonism toward the gold standard is an issue that unites status |
| 1:23.7 | of all persuasions. |
| 1:25.4 | They seem to sense that gold and economic freedom are inseparable. |
| 1:30.4 | Further, he states that under the gold standard, a free banking system stands as the protector |
| 1:36.5 | of an economy's stability and balance growth. |
| 1:40.6 | A stounding lay, Mr. Greenspan's analysis of the 1929 market crash and how the Fed precipitated |
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