'Be Prepared for the Worst'

" Hello and welcome to freedom watch your daily dose of raw liberty streaming online -- foxnews.com. I'm your host judge in a -- polyps and a here defending freedom defending your natural rights and defending your right to have a government. But stays within the confines of the constitution. You've all heard me state repeatedly that everything the government runs as -- Social Security is broke Medicare is broke Medicaid -- broke Amtrak has broke the post offices broke. Now the same bureaucrats that run the government into the ground want to run health care. And he also wants to believe that they can fix the economy. And repair the damage done to the dollar -- recklessly borrowing and ruthlessly printing money and by spending into the trillions. They forget that the government consumes. Wealth. And only the free market can produce wealth. In an upcoming article in Forbes magazine congressman Ron Paul says be prepared for the worst. The large scale government intervention in the economy is going to end badly. It's now my pleasure to introduce one of America's great defenders of freedom and liberty today. Congressman Ron Paul joins us from our nation's capital is the author of the New York Times best seller. One of his several best sellers. And the Fed. Congressman Paul welcome back to freedom watch. Thank you judge -- to be -- Why should we expect the worst and what do you -- in this article that we should all expect."

" Well as you setting your statement that what has the government done right and if you're gonna turn medical care over to the government. Their task was how well they could distribute. Vaccine for H1N1. And the question of whether it was necessary not all that exist. That they did that so poorly and intervene so viciously in our rights. And that's sent a message I think that is part of they have a problem going on throughout society and throughout the markets right now."

" Is the government's yes they're totally in and out. And the pretense is that oldest -- working that you hear the liberal writer saying a lot of stimulus work. All winning is more about that and there would've really work -- through the trouble is it didn't work. They they took billions and billions if not trillions of dollars away from the people."

" And gave it to the government and government spending which means they -- allocate credit. And that this allocate resources. And they make things worse and not -- we haven't changed anything this idea that GDP went hop."

" Well you know they -- GDP by government spending is well that's included in it so. What is this we need to borrow the money from the Chinese or we print the money we spent the money -- do you buy up clunkers or buyout houses."

" And say that other GDP went out. Well it has to be temporary and that's been my card that's my argument in the article is that if you you see economic growth returning your kidding yourself. Because all the bad policies are in place and unfortunately. From the people I deal with here in Washington. -- there aren't very many free market economists here believe in the free market they've all been trained and indoctrinated by keynesian economics. And they really don't believe in freedom and sound money in the sense that I do."

" You you point out and in your article congressman Paul. That we are seeing some little snippets of growth here and they -- today you call them some green shoots of growth. Just as we saw in 1931. Hoover and later FDR of course we're trying to micromanage. The economy from Washington DC. Why -- we see these snippets of growth. And why should we reject the government's claims that they are a sign of better things to come."

" I think it's part of human nature because nothing goes -- until the very end stages with the current state against state is a currency does -- goes down."

" But if you look at the dollar the -- been going down from many many decades to all markets go up and down and have lives but you have to look at trends."

" So because the market just."

" Really was bad a year ago."

" You know a lot of money -- Tom Stanton and people are trying to stimulate things even when they're artificial it will look like there are some. And some you know growth in the economy but I think I thought delusion I think it's a mistake. And and the worst thing we could do is assume that what we have done here in Washington in the last year has been helpful. That is very very dangerous because it's all been very damaging. You predicting your article. A drop in growth worse than anything we have seen in the past two years what are you talking about. I think I think the whole economy is going to be much weaker we've had a financial. Collapse the financial system was built on -- house of cards which was yet dollar standard. And it was international because that was -- reserve standards. But."

" We we haven't had a dollar crisis matter of fact that the dollar is benefiting to a degree right now because."

" There is still a lot of dollars out there and people don't even know where to park him. -- park it in treasury bills which helps that they had drivers on the interface helps the government but that that is all temporary. When the dollar collapses."

" What what happens is that people recognize what you said earlier on it everything the government touches is Bancroft. And when that comes about -- already we saw an early sign of this the."

" Social Security beneficiaries didn't get any cost of living increase this year. As a pretense -- you know there really wasn't any inflation and we're gonna straighten up our our house. That eventually. Everything the government touches and passes out. That dollar will loses value so the more dollars -- print the more value it loses."

" So far they have been lucky enough that they trillion dollars and the people have taken it like Goldman Sachs and others keep making more and more."

" But eventually this dollars and quit working and and everybody's gonna know what poverty is all about."

" You want I've talked to -- this off air but. We keep hearing rumors and snippets and references and the blogs to it are you considering. Running for the nomination of a party for president in 2012. And not not seriously bad."

" You know I listen to and that's a long way off I I think more about what the dollar is doing today in what we're gonna do it healthcare and a few other things thought. My. Idea plans aren't that far outside now I'm not giving it."

" Serious consideration but what you must know that there are millions out there that would ardently -- this -- we did freedom watch last week. Before alive student audience at Drexel university. In Philadelphia in the same room where then Senator McCain and then Senator Obama. Debated of one of the debates your ears and our a year ago. Everybody was asking me and these are students is Ron Paul gonna run for president. "

" Now judge I think it might be your turn this go around and you I have to ask you and I have to have another -- private conversation on this. Congressman Paul always a pleasure thanks for joining us on freedom watch thank you."