Old Project Avalon Forum (ARCHIVE) - View Single Post - RON PAUL ~ CNBC Economic Crisis 12/5/08 Jim Rogers, Peter Schiff and CNN AUTO BAILOUT

peaceandlove · 12-12-2008, 07:24 AM

Article Source: http://www.campaignforliberty.com

Ron Paul: Bailouts Will 'Destroy the Dollar'
Thursday, December 11, 2008 12:26 PM
By: Jim Meyers

U.S. Representative and former presidential candidate Ron Paul tells Newsmax that bailouts of U.S. corporations are “bad morally” — and says current federal economic policies “will literally destroy the dollar.”

He also insists that the use of “counterfeit” paper money instead of a gold-backed currency is “insane,” and declares it is “foolhardy” for Barack Obama to propose national health care under the present economic conditions.

The Texas legislator ran for president as the Libertarian candidate in 1988, and sought the Republican presidential nomination beginning in March 2007. He withdrew this past June and did not endorse GOP candidate John McCain.

Article continued here:
http://www.newsmax.com/headlines/ron...11/160795.html
Video: http://video.newsmax.com/?assetId=V3570140

12-12-2008, 07:24 AM	#4
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: RON PAUL ~ CNBC Economic Crisis 12/5/08 Jim Rogers, Peter Schiff and CNN AUTO BAI Article Source: http://www.campaignforliberty.com Ron Paul: Bailouts Will 'Destroy the Dollar' Thursday, December 11, 2008 12:26 PM By: Jim Meyers U.S. Representative and former presidential candidate Ron Paul tells Newsmax that bailouts of U.S. corporations are “bad morally” — and says current federal economic policies “will literally destroy the dollar.” He also insists that the use of “counterfeit” paper money instead of a gold-backed currency is “insane,” and declares it is “foolhardy” for Barack Obama to propose national health care under the present economic conditions. The Texas legislator ran for president as the Libertarian candidate in 1988, and sought the Republican presidential nomination beginning in March 2007. He withdrew this past June and did not endorse GOP candidate John McCain. Article continued here: http://www.newsmax.com/headlines/ron...11/160795.html Video: http://video.newsmax.com/?assetId=V3570140 Last edited by peaceandlove; 12-12-2008 at 04:43 PM.