U.S. Rep. Ron Paul | International Monetary Fund |
International Monetary Fund
Conference Report on H.R. 1757, Foreign Affairs Reform And Restructuring Act Of 1998
26 March 1998 1998 Ron Paul 28:1
Mr. PAUL. Mr. Speaker, last year’s attempts by some in Congress to tie the Mexico City Policy to the issues of funding for the United Nations (UN) and the International Monetary Fund (IMF) this week come back to haunt those of us who believe in the sanctity of human life, the inviolability of US Sovereignty, and the rights of the U.S. taxpayers to keep the fruits of their own labor. This week, we see, the “grand deal” struck which will see liberals back down from their opposition to Mexico City Language in exchange for conservative members voting to support funding of the United Nations, affirmative action, peacekeeping activities, and the National Endowment for Democracy.
International Monetary Fund
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:9
A much more justifiable “scapegoat” is the International Monetary Fund (IMF) and the American influence on the stringent reforms demanded in order to receive the $43 billion IMF-led bailout. IMF policy only aggravates and prolongs the agony while helping the special interest rich at the expense of the poor. The IMF involvement should not be a distraction from the fundamental cause of the financial problem, monetary inflation, even if it did allow three decades of sustained growth.
International Monetary Fund
New Global Economic Plan
9 October 1998 1998 Ron Paul 117:8
First, the plan demands additional appropriations to transfer wealth from the richer to the poorer nations through increased funding of the International Monetary Fund, World Bank, Development Bank, and direct foreign aid programs.
International Monetary Fund
Medicare Home Health And Veterans Health Care Improvement Act Of 1998
9 October 1998 1998 Ron Paul 118:8
Similarly, Congress should seek funds for an increased expenditure on home care by ending federal support for institutions such as the International Monetary Fund (IMF), which benefit wealthy bankers and powerful interests but not the American people. At a time when the federal government continues to grow to historic heights and meddles in every facet of American life I cannot believe that Congress cannot find expenditure cuts to finance the programs in this bill!
International Monetary Fund
Monetary Policy
16 October 1998 1998 Ron Paul 120:16
Third, we must abandon the tradition of bailing out bad debtors, foreign and domestic. No International Monetary Fund and related institution funding to prop up bankrupt countries, and no Federal Reserve-orchestrated bailouts such as Long Term Capital Management LP. Liquidation of bad debt and investments must be permitted.
International Monetary Fund
ECONOMIC PROBLEMS AHEAD
November 13, 2000 2000 Ron Paul 93:4
* Even though it is argued that there are huge budget surpluses in Washington, instead of budget compromise, a stalemate results. Each side wants even a greater share of the loot being distributed by the politicians. Even with the windfall revenues, no serious suggestion is made in Washington for cuts in spending. Instead of moving toward a market economy and less dependency on the federal government in the midst of this so-called ‘prosperity,’ we continue to go World Trade Organization, the International Monetary Fund, and the World Bank. Although in the early stages of interventionism and government planning, especially when a great deal of wealth is available for redistribution, it seems to enhance prosperity while prolonging the financial bubble on which the economy is dependent. The monetary system, both our domestic system as well as the international fiat system, plays a key role in the artificial prosperity based on inflated currencies as well as debt and speculation.
International Monetary Fund
Statement on the Argentine crisis
February 6 2002 2002 Ron Paul 4:3
In fact, Mr. Chairman, Argentina does not represent an exception to the laws of economics. Rather, Argentina’s economic collapse is but one more example of the folly of government intervention in the economy done to benefit powerful special interests at the expense of the Argentine people and the American taxpayer. The primary means by which the federal government forces American taxpayers to underwrite the destruction of the Argentine economy is the International Monetary Fund (IMF), which enjoys a $37 billion line of credit provided with U.S. Treasury funds.
International Monetary Fund
Introduction of the Monetary Freedom and Accountability Act
February 13, 2002 2002 Ron Paul 8:4
While the Treasury denies it is dealing in gold, the Gold Anti-Trust Action Committee (GATA) has uncovered evidence suggesting that the Federal Reserve and the Treasury, operating through the Exchange-Stabilization Fund and in cooperation with major banks and the International Monetary Fund, have been interfering in the gold market with the goal of lowering the price of gold. The purpose of this policy has been to disguise the true effects of the monetary bubble responsible for the artificial prosperity of the 1990s, and to protect the politically-powerful banks that are heavy invested in gold derivatives. GATA believes federal actions to drive down the price of gold help protect the profits of these banks at the expense of investors, consumers, and taxpayers around the world.
International Monetary Fund
Statement on Ending US Membership in the IMF
February 27, 2002 2002 Ron Paul 10:1
Mr. Speaker, I rise to introduce legislation to withdraw the United States from the Bretton Woods Agreement and thus end taxpayer support for the International Monetary Fund (IMF). Rooted in a discredited economic philosophy and a complete disregard for fundamental constitutional principles, the IMF forces American taxpayers to subsidize large, multinational corporations and underwrite economic destruction around the globe. This is because the IMF often uses the $37 billion line of credit provided to it by the American taxpayers to bribe countries to follow destructive, statist policies.
International Monetary Fund
Statement on the Financial Services committee’s “Views and Estimates for Fiscal Year 2003”
February 28, 2002 2002 Ron Paul 12:5
Rather than embracing an agenda of expanded statism, I hope my colleagues will work to reduce government interference in the market that only benefits the politically powerful. For example, the committee could take a major step toward ending corporate welfare by holding hearings and a mark-up on my legislation to withdrawal the United States from the Bretton Woods Agreement and end taxpayer support for the International Monetary Fund (IMF). The Financial Services committee can also take a step toward restoring Congress’ constitutional role in monetary policy by acting on my Monetary Freedom and Accountability Act (HR 3732), which requires Congressional approval before the federal government buys or sells gold.
International Monetary Fund
AN OPEN LETTER TO TREASURY SECRETARY O’NEILL AND FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN
May 31, 2002 2002 Ron Paul 51:3
Dear Sirs: I am writing regarding Article 4, Section 2b of the International Monetary Fund (IMF)’s Articles of Agreement. As you may be aware, this language prohibits countries who are members of the IMF from linking their currency to gold. Thus, the IMF is forbidding countries suffering from an erratic monetary policy from adopting the most effective means of stabilizing their currency. This policy could delay a country’s recovery from an economic crisis and retard economic growth, thus furthering economic and political instability.
International Monetary Fund
The Shrimp Importation Financing Fairness Act
October 8, 2002 2002 Ron Paul 97:7
Adding insult to injury the federal government is forcing American shrimpers to subsidize their competitors! In the last three years, the United States Government has provided more than $1,800,000,000 in financing and insurance for these foreign countries through the Overseas Private Investment Corporation (OPIC). Furthermore, the U.S. current exposure relative to these countries through the Export-Import Bank totals some $14,800,000,000. Thus, the United States taxpayer is providing a total subsidy of $16,500,000,000 to the home countries of the leading foreign competitors of American shrimpers! Of course, the American taxpayer could be forced to shovel more money to these countries through the International Monetary Fund (IMF).
International Monetary Fund
Shrimp Importation Financing Fairness Act
7 January 2003 2003 Ron Paul 3:7
Adding insult to injury, the federal government is forcing American shrimpers to subsidize their competitors! Since 1999, the United States Government has provided more than $1,800,000,000 in financing and insurance for these foreign countries through the Overseas Private Investment Corporation (OPIC). Furthermore, according to the latest available figures, the U.S. current exposure relative to these countries through the Export- Import Bank totals some $14,800,000,000. Thus, the United States taxpayer is providing a subsidy of at least $16,500,000,000 to the home countries of the leading foreign competitors of American shrimpers! Of course, the American taxpayer could be forced to shovel more money to these countries through the International Monetary Fund (IMF).
International Monetary Fund
The Financial Services Committee’s Terrible Blueprint for 2004
February 28, 2003 2003 Ron Paul 27:6
Rather than embracing an agenda of expanded statism, I hope my colleagues will work to reduce government interference in the market that only benefits the politically powerful. For example, the committee could take a major step toward ending corporate welfare by holding hearings and a mark-up on my legislation to withdraw the United States from the Bretton Woods Agreement and end taxpayer support for the International Monetary Fund (IMF). The Financial Services Committee can also take a step toward restoring Congress’ constitutional role in monetary policy by passing legislation requiring congressional approval before the federal government buys or sells gold.
International Monetary Fund
The Monetary Freedom And Accountability Act
17 July 2003 2003 Ron Paul 79:4
While the Treasury denies it is dealing in gold, the Gold Anti-Trust Action Committee (GATA) has uncovered evidence suggesting that the Federal Reserve and the Treasury, as detailed in the attached article. GATA alleges that the Treasury, operating through the Exchange- Stabilization Fund and in cooperation with major banks and the International Monetary Fund, has been interfering in the gold market with the goal of lowering the price of gold. The purpose of this policy has been to disguise the true effects of the monetary bubble responsible for the artificial prosperity of the 1990s, and to protect the politically-powerful banks that are heavy invested in gold derivatives. GATA believes federal actions to drive down the price of gold help protect the profits of these banks at the expense of investors, consumers, and taxpayers around the world.
International Monetary Fund
The Monetary Freedom And Accountability Act
17 July 2003 2003 Ron Paul 79:15
According to Murphy, “The cartel has been able to get away with lying about the amount of gold in reserve because the International Monetary Fund [IMF] is the Arthur Andersen of the gold world.” He has provided to Insight documents from central banks confirming that the IMF instructed them to count both lent and swapped gold as a reserve. “In other words, the IMF told the central banks to deceive the investment and gold world[s]. Once this gold is lent [or] swapped, it’s gone until such time as it can be repurchased. And with the skyrocketing price of gold we’re now seeing, it would be incredibly expensive, let alone nearly physically impossible, to get it back.”
International Monetary Fund
Legislation To Withdraw The United States From The Bretton Woods Agreement
17 July 2003 2003 Ron Paul 84:1
Mr. PAUL. Mr. Speaker, I rise to introduce legislation to withdraw the United States from the Bretton Woods Agreement and thus end taxpayer support for the International Monetary Fund (IMF). Rooted in a discredited economic philosophy and a complete disregard for fundamental constitutional principles, the IMF forces American taxpayers to subsidize large, multinational corporations and underwrite economic destruction around the globe. This is because the IMF often uses the $46.7 billion line of credit provided to it by the American taxpayers to bribe countries to follow destructive, statist policies.
International Monetary Fund
Introduction Of The Steel Financing Fairness Act
10 September 2003 2003 Ron Paul 97:1
Mr. PAUL. Mr. Speaker, I rise to introduce the Steel Financing Fairness Act. This bill helps our Nation’s beleaguered steel industry by stopping the Government from forcing American steel workers to subsidize their foreign competitors. Specifically, the bill prohibits the Overseas Private Investment Corporation (OPIC) and the Export-Import Bank (EXIMBANK) from providing any assistance to countries that subsidize their steel industries. The Steel Financing Fairness Act also instructs the Secretary of the Treasury to reduce America’s contribution to the International Monetary Fund (IMF) by a prorated share of the IMF’s assistance to countries that subsidize their steel industries.
International Monetary Fund
Encouraging People’s Republic Of China To Fulfill Commitments Under International Trade Agreements, Support United States Manufacturing Sector, And Establish Monetary And Financial Market Reforms
29 october 2003 2003 Ron Paul 115:11
Congress can also improve America’s competitive position by ending the practice of forcing American workers to subsidize their foreign competitors through organizations such as the Export-Import Bank and the International Monetary Fund. I have introduced the Steel Financing Fairness Act (H.R. 3072) to accomplish this goal. H.R. 3072 prevents taxpayer funds from being sent to countries, such as China, that subsidize their steel industries. Of course, our ultimate goal should be to end all taxpayer subsidies of foreign corporations and governments.
International Monetary Fund
The Financial Services Committees “Views and Estimates for 2005”
February 26, 2004 2004 Ron Paul 7:13
Rather than embracing an agenda of expanded statism, I hope my colleagues will work to reduce government interference in the market that only benefits the politically powerful. For example, the committee could take a major step toward ending corporate welfare by holding hearings and a mark-up on my legislation to withdraw the United States from the Bretton Woods Agreement and end taxpayer support for the International Monetary Fund. If the committee is not going to defund programs such as Ex-Im, it should at least act on legislation Mr. Sanders will introduce denying corporate welfare to industries that move a substantial portion of their workforce overseas. It is obscene to force working Americans to subsidize their foreign competitors.
International Monetary Fund
Introduction Of The Steel Financing Fairness Act
15 June 2006 2006 Ron Paul 44:1
Mr. PAUL. Mr. Speaker, I rise to introduce the Steel Financing Fairness Act. This bill helps our Nation’s beleaguered steel industry by stopping the government from forcing American steel workers to subsidize their foreign competitors. Specifically, the bill prohibits the Overseas Private Investment Corporation (OPIC) and the Export-Import Bank (EXIMBANK) from providing any assistance to countries that subsidize their steel industries. The Steel Financing Fairness Act also instructs the Secretary of the Treasury to reduce America’s contribution to the International Monetary Fund (IMF) by a prorated share of the IMF’s assistance to countries that subsidize their steel industries.
International Monetary Fund
CONGRESS MUST ACT TO HELP SHRIMPERS
19 June 2008 2008 Ron Paul 36:4
The problems shrimpers face are compounded by foreign competitors who are taking advantage of the government-created vulnerabilities in the American shrimp industry. Adding insult to injury, the federal government is forcing American shrimpers to subsidize their competitors through international agencies such as the Overseas Private Investment Corporation, the Export-Import Bank, and the International Monetary Fund! In fact, United States taxpayers have provided over $16,500,000,000 to the home countries of the leading foreign competitors of American shrimpers since 1999.
International Monetary Fund
Statement on War Supplemental Appropriations
June 16, 2009 2009 Ron Paul 67:2
This conference report, being a Washington- style compromise, reflects one thing Congress agrees on: spending money we do not have. So this “compromise” bill spends 15 percent more than the president requested, which is $9 billion more than in the original House bill and $14.6 billion more than the original Senate version. Included in this final version – in addition to the $106 billion to continue the wars in Afghanistan and Iraq – is a $108 billion loan guarantee to the International Monetary Fund, allowing that destructive organization to continue spending taxpayer money to prop up corrupt elites and promote harmful economic policies overseas.
International Monetary Fund
Abortion and National Sovereignty: No Compromises
26 January 1998 Texas Straight Talk 26 January 1998 verse 4 ... Cached
Recently, there have been attempts to tie the bare-minimum pro-life "Mexico City" Policy to the issues of funding for the United Nations and the International Monetary Fund. But those attempts are now coming back to haunt those of us who believe in both the sanctity of human life and the inviolability of US sovereignty. I expect that very early in this second session of the 105th Congress, which begins Tuesday, January 27, we will see a "grand deal" struck which will see liberals "back down" from their opposition to a revised Mexico City Policy in exchange for conservative members voting to support funding of the United Nations and IMF.
International Monetary Fund
Taxpayer cash flowing again to non-citizens
31 August 1998 Texas Straight Talk 31 August 1998 verse 12 ... Cached
But these programs of giving away Americans' tax dollars to non-citizens is not limited to welfare programs at home. We see it also with the subsidization of foreign corporations and foreign nationals through the International Monetary Fund, the World Bank and other organizations. Of course, supporters of these welfare programs like to claim that they "help" America's small businessmen and farmers, but the proof simply doesn't exist. In fact, much like the recent "farm legislation," the pay-out to the foreign nationals and corporations is much larger than the small bones thrown to our people as a form of sick appeasement, to keep them paying into, and believing in, the system of redistribution.
International Monetary Fund
Economic crisis looms
19 October 1998 Texas Straight Talk 19 October 1998 verse 16 ... Cached
Third, we must abandon the tradition of bailing out bad debtors, foreign and domestic. No International Monetary Fund and related institution funding to prop up bankrupt countries, and no Federal Reserve-orchestrated bailouts such as Long Term Capital Management LP. Liquidation of bad debt and investments must be permitted.
International Monetary Fund
The Ominous Budget Deal
26 October 1998 Texas Straight Talk 26 October 1998 verse 11 ... Cached
One of the most egregious expenditures is $17.9 billion for the International Monetary Fund. Conservatives have battled for the past year to stop more money from going to this corrupt organization that props-up the failed economies of two-bit dictators the world-over.
International Monetary Fund
Confused priorities
04 October 1999 Texas Straight Talk 04 October 1999 verse 12 ... Cached
But worse, the president's idea of foreign aid would use American dollars to actually subsidize the foreign competition of American farmers. The president announced Wednesday he wants to cancel competing countries' debt to the United States -- amounting to a $3.5 billion loss for the taxpayers -- from loans we made through government operations, such as the Export-Import Bank. Further, his administration is participating in a $27 billion debt forgiveness initiative by the International Monetary Fund and World Bank, of which U.S. taxpayers are principle stakeholders.
International Monetary Fund
Time To Get Serious With Big Government
17 April 2000 Texas Straight Talk 17 April 2000 verse 3 ... Cached
This week protesters came to Washington, DC, to make known their opposition to the policies of international institutions such as the World Bank and the International Monetary Fund. Many of these people were also present at the Seattle protests against the World Trade Organization.
International Monetary Fund
Argentine Default and the IMF
14 January 2002 Texas Straight Talk 14 January 2002 verse 4 ... Cached
Believe it or not, such an institution exists, and it's called the International Monetary Fund. The IMF is an international organization comprised of member states, much like the UN, that takes your tax dollars and sends them overseas. It's expensive, too, just like the UN, enjoying a $37 billion line of credit provided by American taxpayers.
International Monetary Fund
Your Taxes Fund South American Bailout
12 August 2002 Texas Straight Talk 12 August 2002 verse 3 ... Cached
This money, we are told, is just a "bridge loan" to give Uruguay a little breathing room until it receives its next cash infusion from the International Monetary Fund. In other words, the plan for Uruguay is to pay off one loan by getting a bigger loan, like a hapless spendthrift using one credit card to pay off another. What’s worse is that American taxpayers already fund the IMF with a $37 billion line of credit, so Uruguay will be paying us back with our own money! The same goes for Brazil, which just received a record $30 billion from the IMF to deal with its own looming bank collapse.
International Monetary Fund
Your Taxes Fund South American Bailout
12 August 2002 Texas Straight Talk 12 August 2002 verse 6 ... Cached
The real concern behind schemes like the Exchange Stabilization Fund and the International Monetary Fund is the corporate interests they subsidize. American banks and corporations have a great deal of money invested in South America, and a bank default by any country there directly threatens those dollars. The multinational banks especially fear a chain reaction of economic meltdowns, beginning with Argentina and spreading to Uruguay, Brazil, and beyond. So they use political influence to thwart the free market process and prop up bankrupt economic policies in Uruguay.
International Monetary Fund
The IMF Con
27 September 2004 Texas Straight Talk 27 September 2004 verse 3 ... Cached
You won’t hear either presidential candidate say much about the issue of foreign aid during this election season, despite the record levels of federal spending and debt that plague our economy. Very few Americans realize the extent to which Congress sends billions of their tax dollars overseas to fund the most counterproductive foreign welfare schemes imaginable, always in the guise of helping the poor. A recent report by the congressional Joint Economic Committee on which I serve highlights the reckless manner in which one organization, the International Monetary Fund, wastes your money around the world.
International Monetary Fund
Does the WTO Serve Our Interests?
16 May 2005 Texas Straight Talk 16 May 2005 verse 8 ... Cached
In reality, the WTO is the third leg of the globalists’ plan for a one-world, centrally-managed economic system. The intention behind the creation of the WTO was to have a third institution to handle the trade side of international economic cooperation, joining two institutions created by Bretton Woods, the World Bank and the International Monetary Fund. For the United States to give up any bit of its sovereignty to these unelected and unaccountable organizations is economic suicide. International organizations can never “manage” trade better than it naturally occurs in a true free market of goods and services. At best, WTO acts as a meddling middleman, taking a cut for unnecessary services provided. At worst, it forces the United States to change its domestic laws in ways that seriously harm our economy and our sovereignty.
International Monetary Fund
NeoCon Global Government
13 June 2005 Texas Straight Talk 13 June 2005 verse 8 ... Cached
This new policy is given teeth by creating a “Peacebuilding Commission,” which will serve as the implementing force for the internationalization of what were formerly internal affairs of sovereign nations. This Commission will bring together UN Security Council members, major donors, major troop contributing countries, appropriate United Nations organizations, the World Bank, and the International Monetary Fund among others. This new commission will create the beginning of a global UN army. It will claim the right to intervene in any conflict anywhere on the globe, bringing the World Bank and the IMF formally into the picture as well. It is a complete new world order, but undertaken with the enthusiastic support of many of those who consider themselves among the most strident UN critics.
International Monetary Fund
Empowering the UN in the Guise of Reform
03 October 2005 Texas Straight Talk 03 October 2005 verse 5 ... Cached
According to the UN, this commission will bring together the UN Security Council members, major donor states, major troop contributing countries, United Nations organizations, the World Bank, and the International Monetary Fund to develop and integrate conflict prevention, post-conflict reconstruction, and long-term development policies and strategies. The commission will serve as the key coordinating body for the design and implementation of military, humanitarian, and civil administration aspects of complex missions. Think of this as the core of a future UN army that will claim the right to intervene in any conflict anywhere.
Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Paul’s Congressional website and is not included in this Concordance.
Remember, not everything in the concordance is Ron Paul’s words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.