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February 19, 2006

Dollar Hegemony

On Feb .15, Rep. Ron Paul delivered a speech in the U.S. House that lays out clearly the connection between our fraudulent monetary system and government's bullying and war. An excerpt:

"Since printing paper money is nothing short of counterfeiting, the issuer of the international currency must always be the country with the military might to guarantee control over the system. This magnificent scheme seems the perfect system for obtaining perpetual wealth for the country that issues the de facto world currency. The one problem, however, 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. And this destroys the incentive to save and produce, while encouraging debt and runaway welfare."

Dr. Paul's speech is well worth reading, at least twice.

The link above also includes a link to a Windows Media Player video of Paul delivering the speech.

Posted by George F. Smith at February 19, 2006 01:16 PM

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