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     Ron Paul: Fear Based Bailouts Constitute Economic Terrorism 

Congressman warns that auto-bailout could lead directly to fascism in America


Thursday, Dec 18, 2008

 Texas Congressman Ron Paul has hit out at US monetary policy, warning that 
fear based politics are being used to promote the bailout culture in the same 
way they were used to sell the Iraq war.

“Governments that want to take over, undermine our liberties and gain more 
power always use the fear factor. They did this leading up to the war in 
Iraq, they do it on foreign policy, now they’re doing it on monetary, 
economic and financial problems.” Paul told the nationally syndicated Alex 
Jones show Wednesday.

“They do that all the time, that is their technique, always to build a 
tremendous fear in the hearts of the people. Terrorize the people and say 
that ‘we are your saviors and we’re the only ones that can take care of it’.” 
The Congressman stated.

Paul pointed out that the use of the fear factor was never more evident than 
in the run up to the passage of the $750 billion bailout bill earlier this 
year when it emerged that representatives had been threatened with an 
economic crash and physical martial law in America.

When asked if this constituted economic terrorism, Paul replied “Of course it 
is, and those responsible should be held accountable.”

The Congressman also warned that the bailout of the auto industry could have 
dire consequences.

“It is extremely dangerous because although we have been creeping in that 
direction, this is an endorsement of nationalization. If they keep token 
ownership with the corporations, which they probably will, then it’s called 
fascism.” Paul said.



“I think everybody knows we’re in a crisis now and they have now gotten to 
the point where they don’t trust the government, which is healthy.” The 
Congressman told listeners.

“A lot of people are begging and pleading and they’re lining up. But the 
average guy outside of Washington, especially so many of the young people are 
realizing that this has all been a hoax and this is the time to really expose 
that hoax.”

“We have a real opportunity to direct attention to the real culprit and that 
is those who control the monetary system. Those who counterfeit our money and 
cause the financial bubbles and then recessions, and now are working real 
hard on a depression.” Paul continued.

“The only thing that can counteract this is a different philosophy. A 
convincing argument that free markets, sound money and no Federal Reserve and 
limited taxes, the things that made America great.”

“The system that they are trying to patch together right now will not work. 
We don’t need more regulatory agencies, all we need is the enforcement of 
fraud laws.” Paul concluded.