About This Video
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Published: Tue, 24 Feb 2009
Description: Rep. Ron Paul explains why we should abolish the Fed
Automatically Generated Transcript (may not be 100% accurate)
" We have a special guest Ron Paul joining us here in just a second at first I want to play. A lot of there are you very good I want to play a piece for the American people something that that was said act Columbia university at a dinner on Friday. Finally got a hold of the audio and the video of this is is George Soros and what he said on Friday on how bad things are Columbia University."
" The seriousness of the crisis cannot be TH century did the closest comparison. And that -- think is that -- collapse of the Soviet system."
" Okay so George Soros is now and I I've got something on this tomorrow American you just don't want to miss the collapse of the Soviet system. Is how serious this six. What scares me about this congressman is I know there are people. All around the world that are licking their chops at. Well wait a minute if things collapse of capitalism. We're going to have to restart it. Can you tell me. You know what is the G twenty doing what is what is happening around the world -- a Gordon Brown who will be in congress next week. That says hey. I think we should have a new. A new new deal but a global new deal."
" Yet they're there they're frantic and there are pan -- hand you have the central banks from the G seven and I'm sure. Our meeting constantly to plan the next monetary structure we had a major structure formed in Bretton woods and 448 collapse in 71. We've had a dollar reserve standard from having one up until last year that's collapse it's gone it's done. In they have to have a new monetary sustain under. And they're planning behind the scenes we're not entitled to know anything about it. Under the law they don't have to tell us -- thing but believe me they're they're planning. They're panicky because they don't have an easy answer. But there are major changes going on I've argued his case for years and it'll work but on destroying our whole system the way we were operating."
" Okay so so congressman. I mean no offense because I think you're the one guy who has had this right from the very beginning but the problem is if you save stuff like this it sounds like a conspiracy theory. And I can't get I mean there's no way there's nobody in the media that is reporting this there's nobody that's talking about the stuff. But it only makes common sense if people know that the ending is coming of the system that we have and I'm not saying that you know. That's saying that we're all getting help cats and dogs he obviously ability to other 10% what I'm saying is. There's going to be a change coming. Rupert Murdoch said that nations will be redefined. In this period. You know that people at the global level are looking at it and say okay what's it don't look like. Where can we find out. Where do we start to look."
" Well you should look to the congress but they don't pay much detail that -- either and there will there will be I realignment and there's a struggle going on. With us to believe that we should have national sovereignty we should be out he ran out of the World Bank on the IMF in no world government. But that is the movement that we're going in as the direction we're going in. But others are planning to go one step further. They weren't satisfied the Bretton woods they weren't satisfied with the dollar standard now they want to probably. -- modified V special drawing rights of the IMF which they tried Indian fail. But they want to control capital and they want to control the -- natural resources of the world. So and they're not they're not nationalistic at all they believe in world government. And they -- missing out in the open now than they were 25 years ago here."
" The problem I mean everybody knows it ought to Glenn Beck he's a conservative he just loved the Bush Administration no I didn't. And I'm at a while I am a businessman myself and I liked big business I don't have a problem Wal-Mart. I do have a problem with people that look at our country as a market. And that's what's happening. These global corporations. Are just looking at people as consumers at a market so they don't give a flying crap about our constitution. Or anything else what's good for --"
" Business. These guys that -- I think have a lot of truth to that I am I but I concentrate on making sure nobody is big. Because they get a special benefit either the banker for the corporation the international corporation. Because inevitably they get benefits they get tax subsidies have all sorts they get contract and they are protected and they get all. Kinds of benefits from government when your big for that reason it's argued that Wal-Mart got big because they just satisfy the consumer we don't want a."
" We don't want to be come down hard on fitness -- say."
" Big -- capitalism is good yeah as long as they got there by the consumer voting confidence in that particular business."
" It's -- thank you very much by the way America I mean I hope I'm I hope I'm not I mean really you've never met anybody hopes he's wrong more than I am or I do. They probably has the solutions are going to be presented as gigantic and global. And the answer is going to be local the answer is going to come from you and your local community and your state not the globe that's where nightmares come."
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