This is Congressman Ron Paul’s opening statement at the Financial Services Hearing on Sovereign Wealth Funds, September 10, 2008.
One quote that particularly scares me:
The massive amounts of debt that we have allowed to accumulate are hanging over us like Damocles’ sword. Foreign governments such as Russia and China hold large amounts of government and agency bonds, and there are fears that as our creditors they will exert leverage over us.
Honestly Ron Paul is one of the last true Republicans out there…fight on Ron!