Rep. Ron Paul CLEANS House

In a stunning speech last night before the House, Rep. Ron Paul (R-Texas) finally gave the US government the formal and thorough thrashing it deserves for wreaking decades of economic destruction at home and abroad through a corrupt and debased fiat DOLLAR backed by a massive military industrial complex.

He detailed everything that's wrong with US economic and foreign policy in a single speech. Here are some highlights:

The truth now is he who prints the money makes the rules . . . [i.e.,] compel foreign countries to produce and subsidize the country with military superiority and control over the monetary printing presses.

[P]rinting paper money is nothing short of counterfeiting. . .

. . . [It's the] perfect system for obtaining perpetual wealth for the country that issues the de facto world currency.

The one problem [is that] such a system destroys the character of the counterfeiting nation's people just as was the case when gold was the currency, and it was obtained by conquering other nations.

* * *

[E]lite money managers, with especially strong support from U.S. authorities, struck an agreement with OPEC to price oil in U.S. dollars exclusively for all worldwide transactions.

This . . . in essence “backed” the dollar with oil. In return, the U.S. promised to protect the various oil-rich kingdoms in the Persian Gulf against threat of invasion or domestic coup. This arrangement helped ignite the radical Islamic movement among those who resented our influence in the region.

The arrangement . . . allowed us to export our monetary inflation by buying oil and other goods at a great discount as dollar influence flourished.

* * *

The agreement with OPEC in the 1970s to price oil in dollars has . . . created a universal demand for the dollar, and soaks up the huge number of new dollars generated each year.

* * *

In November 2000 Saddam Hussein demanded Euros for his oil. His arrogance was a threat to the dollar; his lack of any military might was never a threat.

At the first cabinet meeting with the new administration in 2001, as reported by Treasury Secretary Paul O’Neill, the major topic was how we would get rid of Saddam Hussein-- though there was no evidence whatsoever he posed a threat to us. This deep concern for Saddam Hussein surprised and shocked O’Neill.

* * *

In 2001, Venezuela’s ambassador to Russia spoke of Venezuela switching to the Euro for all their oil sales. Within a year there was a coup attempt against Chavez, reportedly with assistance from our CIA.

* * *

Now, a new attempt is being made against the petrodollar system. Iran, another member of the “axis of evil,” has announced her plans to initiate an oil bourse in March of this year. Guess what, the oil sales will be priced Euros, not dollars.

* * *

Iran, like Iraq, has zero capability to attack us. But that didn’t stop us from turning Saddam Hussein into a modern day Hitler ready to take over the world. Now Iran, especially since she’s made plans for pricing oil in Euros, has been on the receiving end of a propaganda war not unlike that waged against Iraq before our invasion.

* * *

The dollar’s importance is obvious, but this does not diminish the influence of the distinct plans laid out years ago by the neo-conservatives to remake the Middle East. Israel’s influence, as well as that of the Christian Zionists, likewise played a role in prosecuting this war. Protecting “our” oil supplies has influenced our Middle East policy for decades.

* * *

Everything possible is done to prevent the fraud of the monetary system from being exposed to the masses who suffer from it. If oil markets replace dollars with Euros, it would in time curtail our ability to continue to print, without restraint, the world’s reserve currency.

:) You can bet I was one happy camper watching this last night.

Read the whole thing or watch the video at his site. There's also an official copy in the congressional record for those who need it.

Though we have our differences regarding the effect of returning to a gold standard, I am forever grateful to him for doing what no other member of congress has done to date - striking at the ROOT of the problem - our corrupt and debased monetary system.

Rep. Ron Paul took on the whole corrupt and grotesque establishment singlehandedly. The man is amazing and deserves an avalanche of acknowledgement and praise for his quite possibly death-defying efforts. Please, take some time out to show your support.

And, if you care about your family, your friends, and your country, please, spread the word about this speech.

This is quite possibly the biggest break we're ever going to get. Thanks to Ron Paul, the corruption of the US monetary system is now official record.