Why Ron Paul said he will not ABOLISH THE FED right away ON Fox News Panel

[Someone Else]

What happened to END THE FED by Ron Paul. In his recent interview with the Fox News Panel, he said he was NOT going to abolish the Fed.

WHAT?

Listen to 6:35 to 7:05

http://www.youtube.com/watch?v=wUyP7b-pt3Q


Has Ron softened his position? Has the Fed punks got to him?

[afwjam]

no

[matt0611]

He said his plan does not call for the abolishment. Not that that its not his eventual goal.

[cero]

nothing to see here, just like he doesn't want to "end" social security but rather have a transition; take care of those dependent on SS, and eventually end it, same for the fed, is all bout TRANSITIONS

[Sentinelrv]

You can't end the fed overnight. You need to transition out of the system.

[bb_dg]

Did you read his book "End the Fed?"

His position was always allow competing currencies. Not to abolish it right away.

[Epic]

Ron Paul is for competing currencies. It makes the Fed obsolete.

[itsnobody]

Ending the Fed tomorrow would be catastrophic realistically.

It is good that Ron Paul clarified his views on Fox News. All of Ron Paul's supposed radical positions are just transitions.

Auditing the Fed, legalizing competing currencies, and eventually phasing out the Fed is a much better plan than ending the Fed tomorrow.

[king_nothing_]

He can't just waltz in there and end it immediately. He realizes that. He has to work to get it done, which he would.

Besides, appointing an Austrian economist as Fed chairman and allowing competing currencies would effectively cut the Fed's legs out from under it anyway.

[Tod]

Ending the Fed tomorrow would be catastrophic realistically.

It is good that Ron Paul clarified his views on Fox News. All of Ron Paul's supposed radical positions are just transitions.

Auditing the Fed, legalizing competing currencies, and eventually phasing out the Fed is a much better plan than ending the Fed tomorrow.

Absolutely. The thing with Dr. Paul is that he knows that things have to be done in certain ways in order to maintain order. Done wrong, chaos and social unrest could result. Isn't it nice to have a WISE candidate?


p.s. anyone know about how long it takes to get swag from the campaign? I ordered some a while back and am sitting on pins and needles waiting....

[wstrucke]

Yeah... despite what the MSM wants you to believe, Ron Paul is completely sane and his plan is the only sane way to usher out the Federal Reserve.

[CaptainAmerica]

You could end the fed overnight. Jackson did it.

[RDM]

World markets need time to adjust to policy change and Ron knows that.

[2ndfor1st]

I really enjoyed this interview, they seem to be much more respectful and he seems to notice.

[Feeding the Abscess]

At a recent rally (like a couple weeks ago), Ron brought up auditing the Fed. The crowd broke out in an "End the Fed!" chant. What was Ron's response?

"End the Fed, that's right! You know the next step! Auditing is the first step, and ending it is the logical conclusion!"

Almost verbatim

[Cabal]

Ron Paul does want to End the Fed, but he doesn't want to do it out of the gate because that would not be efficient or effective for the short-term. He's said this several times before. His end goal is to end the fed, but he realizes there needs to be a process of transition; just like with SS, Medicare/Medicaid, and student loans. IIRC, his plan to introduce competing currencies would eventually phase the Fed out. In any case, having a chairman of the Fed that didn't artificially lower interest rates would be a huge step in the right direction, even if the Fed continues to exist for a time.

[Eric21ND]

You never read his book.

[SharedSacrifice]

Transitioning out of the Federal Reserve system 'gradually' is one thing...equating this process with an end of the world scenario involving the significant shared sacrifice needed in our 'promised' entitlement programs...is quite another.

When huge fiscal issues such as these are conveniently tied together (details on winding down the Fed aren't any more readily available than who exactly will be on/below these entitlement transition bubbles) it is very hard for transitional voters like myself to trust that either will be done properly (ie: with all unfunded liabilities and the overall debt in mind vs the 'previous year spending level' goals being proposed by most).

I find it funny that so many (rightfully) focus like a lazer on fixing the same Fed presently or someday writing checks with their name on it...but who would just as soon see any 'transitional period' last just as long as possible should the audit discover that the Fed should actually be asking for most of this money 'back'... ;)

[evadmurd]

Gosh, a politician being honest. Media doesn't know how to speak in anything but absolutes.

[Bern]

Yeah, I don't know if anyone has mentioned it yet, but you can't end the Fed overnight and Ron's position has always been to allow competing currencies.

[Matthew Zak]

Ron Paul is for competing currencies. It makes the Fed obsolete.

This.

Ron's plan would make ending the fed the next logical inevitable step.

[osan]

You can't end the fed overnight. You need to transition out of the system.

Actually, you could end the fed as it now exists overnight without catastrophic impact. The way to do it is to seize it and place it under the auspices of Treasury. All debt is thereby wiped clean with the stroke of a pen. I would then go on a world-wide manhunt for every carcass that has held control in the fed. I would bring them to the USA, give them a trial for treason, convict, and hang them very publicly and very clinically as an object lesson to the world regarding a) tyranny and b) screwing with the people of the USA - not necessarily in any given order.

Then the real task of restoring the nation would begin, starting with a return to sound money and a policy to trade with no nation that does not have an identical policy with ours. The world needs us more than we need them, though for how much longer is in some question, given the direction in which we are headed. Government-enforced sanctity of unions, corporate privilege, and all other liberty-destroying constructs, policies, and practices would be abolished... Oh make me king for two years and we would be back on our feet and the rest of the world would be none the worse for it. :)

SS, OTOH, must be phased out. I would do it over 30 years. Anyone under, say, 25 no longer pays SSI and make their own arrangements for retirement. Those older should be given an option to continue, but on a seriously modified schedule. In 30 years, tops, nobody would be on SS but rather fending for themselves. This safety net mentality has got to stop.

[The Gold Standard]

If we allow competing currencies the Fed will end itself.

[Carole]

He is trying to win the nomination to run for president.

What would anyone expect him to say? Something they could then claim was "radical" and whatever other term his opponents like to use. There is always "quixotic", of course.

Big changes are necessarily done in increments through transitions. One does not turn the country on its head overnight and try to scare it out of existence. The bully pulpit will be one of his powerful tools to explain his positions and decisions to the people once elected.

[Carehn]

He will kill it if he gets a chance.

[rutgerscamdenYAL]

Ending the Fed tomorrow would be catastrophic realistically.

It is good that Ron Paul clarified his views on Fox News. All of Ron Paul's supposed radical positions are just transitions.

Auditing the Fed, legalizing competing currencies, and eventually phasing out the Fed is a much better plan than ending the Fed tomorrow.

exactly

[satchelmcqueen]

have they "got to him?"

ummm no way. you cant do all of these things all at once. itll be an ease into it, but he will kill it thats for sure.
What happened to END THE FED by Ron Paul. In his recent interview with the Fox News Panel, he said he was NOT going to abolish the Fed.

WHAT?

Listen to 6:35 to 7:05

http://www.youtube.com/watch?v=wUyP7b-pt3Q


Has Ron softened his position? Has the Fed punks got to him?

[rambone]

You guys should also listen to what G. Edward Griffin has to say about it. He wrote the book "The Creature from Jekyll Island" about the Federal Reserve. This is a good interview with him.

I thought it was interesting when he said that we'd have to be "weaned" off of the Fed like a drug addict. Even under ideal circumstances, this process might take 30-40 years.


http://www.youtube.com/watch?v=bhMacPvc5qc