Ron Paul Warns of Secret Plans to Create International Central Bank

Texas Congressman Ron Paul has warned that international forces are planning the creation of a global central bank that will see a new fiat monetary system come to dominate the world economy.

The 2008 presidential candidate also warned that Barack Obama's administration will only represent a change in faces and not in policies. Speaking about the recent G20 meeting Paul told Russia Today:

"I think something will come of it but you probably didn't hear about it yet. There was some pomp and ceremony that the public knew about, but behind the scenes they were talking about the future and what they are going to do to try to internationalize all regulations, going in the opposite direction of free market and more towards international regulations. I'm sure they even talked about an international central bank."

Paul also pointed out that global bankers have been holding their own talks on the same matter:

"At the same time the G20 was meeting, we also had the central banks meeting in Europe. Bernanke was over there, and they are doing the same type of planning, so real planning will not be out in the open, until they want us to know about it." the Congressman said.

"The system that we have today where the fiat dollar is a reserve currency of the world, it's losing that status and they have to replace it. Hopefully they'll have enough sense to realise that another international agreement along the Bretton Woods will be no more successful than the last one." Paul continued.

The Congressman argued that more regulations administered by central banks, rather than placed on to central banks, represents a dangerous move away from the free market.

"We could restructure by getting rid of all the central banks, then you would have honest money come up because nobody could commit fraud. Governments get away with committing fraud - that's what fiat money is." Paul commented.

The Congressman warned that an Obama presidency offers no alternative to the economic policies that have led the U.S. and the world to the brink of economic meltdown. Paul Described the kind of change Obama offers as:

"Just change in faces and change in party labels. Both parties represent the same special interests, they both have to represent big business. Obama's supposed to be a man of the people, well he collected $750 million, more money than anybody else ever collected. Wall Street supported him, the media supported him, all the big money supported him, so his change is not going to be much change at all. He's not talking about changing monetary policy, the Federal Reserve or getting rid of the income tax or bringing our troops home."

Paul also commented that he does not believe Obama will withdraw troops from Iraq and pointed out that he has never said he will close down the military bases throughout the country and eliminate the huge embassy in Baghdad.

"Policy will remain interventionist," the Congressman warned. "We will remain in the middle east and we will not be coming home, we'll stay in Korea, we'll stay in Europe, we'll be in eastern Europe, we'll be doing all these things. Even though Obama benefited tremendously from 'change', all we are changing is the face of our government."

Paul also warned that the stage has been set for fresh terrorist attacks in the U.S. as a consequence of a sustained interventionist foreign policy.

Watch the entire interview here.

Ron Paul Warns of Secret Plans to Create International Central Bank

(blogger's note: the news never ends, and I'm still working on some blogs to be posted later on. I'd rather post my own news stories myself, but what happens so many times is that I begin writing something and end up worrying about grammer and word function.)