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17

Jan

We DON’T Have High Gas Prices

Posted by admin as Gas Prices

Shows how the debasing of the currency is the REAL cause of high gas prices. Here is the WSJ article with the chart Dr. Paul references in the video

http://online.wsj.com/article/SB119941453085566759.html?mod=googlenews_wsj

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Congressman Paul Calls for Hearings on Oil Prices and the Dollar

Washington , DC – Congressman Ron Paul, ranking member of the Subcommittee on Domestic and International Monetary Policy, has written a letter to Chairman Barney Frank of the House Financial Services Committee calling for a hearing on the relationship between the falling value of the dollar and the recent rise of oil prices, noting:

“The price of oil is currently among the most pressing issues to American workers. Congress should be examining all factors contributing to the high cost of oil, and monetary policy is one of the key factors in the run-up in price.”

The letter also points out that the price of oil in dollars has risen 39% this year. Oil in Euros has only risen 30% therefore the degraded purchasing power of the dollar accounts for at least 80 cents of the increased price of a gallon of gas.

“Neither the Federal Reserve nor the Treasury Department have been willing to take responsibility for the dollar’s slide over the past several years, while American consumers have been forced to pay continually higher prices for gasoline, heating oil, and numerous other imported products upon which Americans depend… American consumers cannot afford to allow continued lax Congressional oversight of the Federal Reserve and the Treasury Department’s duties as stewards of the dollar, especially since the dollar is a major factor in the skyrocketing price of oil,” the letter concludes.
Besides himself, 16 other Representatives signed on to the letter, including ranking member of the House Committee on Financial Services Spencer Bachus, and Chairman of the Republican Study Committee Rep. Jeb Hensarling.

http://www.house.gov/paul/press/press2008/pr063008.htm

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Duration : 0:6:50


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25 Comments »
breandanwang says January 17th, 2009 at 9:46 am

I think its just …
I think its just fine. Rather sensational, and it doesn’t detract from his words. It lends a rousing cinematic feel… not bad at all.

jbryant13 says January 17th, 2009 at 9:46 am

Arrival to Earth – …
Arrival to Earth – Transformers

and I know it’s too loud !

breandanwang says January 17th, 2009 at 9:46 am

where is the …
where is the soundtrack from?

northmeister says January 17th, 2009 at 9:46 am

Further, true …
Further, true wealth is in factories and skills. If a nation produces all it needs, then its people through their corporation, known as Government, can issue currency as any level they shall determine (without inflation), extract what they need (taxes, to balance things out keep inflation low), and encourage the future development of the nation (what its all about – not me me). Gold as a currency is only needed in the blackmail system of free trade we have now – where a nation is dependent. 1776

northmeister says January 17th, 2009 at 9:46 am

This is what the …
This is what the debased European philosophy of the Quesnaycrats leads too…advocating unAmerican ideas and a general hatred of America and what she had done essentially throughout her existance. Libertarian philosophy on Trade and Markets WAS NOT and WILL NOT be Capitalism nor America’s system. Read Hamilton, Clay, Lincoln, both Roosevelts, Eisenhower, Kennedy and maybe the truth will set you free. Awful…further, tieing the currency to Gold is wrong – its about who has control/the few-many?

mattcg90 says January 17th, 2009 at 9:46 am

To Americans:
The …
To Americans:
The Federal Reserve says “foreign currency is legal tender in the US”. Trade in every dollar you own! The US government lowered interest rates in Bank accounts to 0%. Yet they make prices skyrocket with inflation. There is no obligation as an American citizen to play this game. Use foreign currency on US soil! America produces no money suitable for our uses.

jbryant13 says January 17th, 2009 at 9:46 am

I know…I know

I …
I know…I know

I not a professional video editor – obviously.

sartorial123 says January 17th, 2009 at 9:46 am

The music is quite …
The music is quite loud…

DrewAWeeks says January 17th, 2009 at 9:46 am

You have no concept …
You have no concept of exponential equations. Oil via demand and population has gone past peak oil production.

Oil = Shortage
AND
You = math fail.

Ooglaf123 says January 17th, 2009 at 9:46 am

ppl r crazy about
…
ppl r crazy about
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§§___§§§_  _§§__§§____§§§
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t4705mb6 says January 17th, 2009 at 9:46 am

World bankers took …
World bankers took pricing of oil in the 60s, deciding world currency should no longer be based on the gold standard but oil. Few people “need” gold but everyone needs oil. A banker panel was set up on Wall St & decides the price of a barrel of crude each morning. Opec is controlled by the central banks through massive debt related to world delivery systems infrastructure.
There has never been an oil “shortage”, only price manipulation.
The largest CAPPED oil reserve in the world: ALASKA.

jmkpns says January 17th, 2009 at 9:46 am

Everyone who thinks …
Everyone who thinks Obama stands for change, how many Obama supporters mention how the Federal Reserve has destroyed the currancy? None It’s all about “American Idol”.

JRLLUnd says January 17th, 2009 at 9:46 am

and what garbage do …
and what garbage do you buy?

MantonioBanderas says January 17th, 2009 at 9:46 am

I can’t believe you …
I can’t believe you maniacs buy this garbage.

dorkdude51 says January 17th, 2009 at 9:46 am

I agree. …
I agree. Historically that’s what governments are best at. Destruction.

jbryant13 says January 17th, 2009 at 9:46 am

feseveri1911 said: …
feseveri1911 said: “But my question is….WHAT CAN WE DO ABOUT THIS? What can we do to get these things done and get these pigs out of this country so that we can fix these problems”

My answer is – STOP reelecting these PIGS ! Once these holes get in office they have an 80% chance of reelection – STOP IT!

jbryant13 says January 17th, 2009 at 9:46 am

you’re referring to …
you’re referring to Waters call for nationalization of the oil industry (once she figured out the word that is)

Seems there’s a lot of that going on these days. It’s nothing more than a power grab. The government now has stakes in banks, insurance, and the auto industry. All of which will go to inn a handbasket (just look at Medicare if you want a real life example).

Government doesn’t have the solution to our problems – government IS the problem.

dorkdude51 says January 17th, 2009 at 9:46 am

4:10 :(
4:10 :(

kevindanielbrown says January 17th, 2009 at 9:46 am

It’s sad how little …
It’s sad how little most people know about what our government has done and is doing to our money…

feseveri1911 says January 17th, 2009 at 9:46 am

Ron Paul is the …
Ron Paul is the only one in this God forsaken country that has the balls to enlighten everyone as to what is REALLY going on. But my question is….WHAT CAN WE DO ABOUT THIS? What can we do to get these things done and get these pigs out of this country so that we can fix these problems…somebody tell me what we can do…something has to be done about this. This is serious enough to die for…even serious enough to kill for. They are destroying this country and enslaving us.

bobbytiger says January 17th, 2009 at 9:46 am

What can you say?

…
What can you say?

This guy gets it.

And it’s a ed shame that apparently nobody else does.

NeoRevolutionist says January 17th, 2009 at 9:46 am

i VOTED FOR rON pAUL
i VOTED FOR rON pAUL

pretorious700 says January 17th, 2009 at 9:46 am

Diplomatic skills? …
Diplomatic skills? Do we really need more of that? The reason he can’t get any support in Congress is that the whole corrupt organization is frantically trying to keep the big government/corporate stranglehold on wealth. How can you be “too blunt” when you are telling the truth? He is the ONLY one with a plan that is fundamentally strong.

bigcree says January 17th, 2009 at 9:46 am

jbryant WOW! Put it …
jbryant WOW! Put it to `em! YES. That about sums it up. I strongly agree!! Well said.

CosmosPrivateer says January 17th, 2009 at 9:46 am

Very well said
Very well said

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