<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ad662a23-9dd6-4914-bff7-8ee157164ff0/95F24EB0-9784-4830-9CE9-0C0D60A5CEC8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.house.gov/paul/press/press2007/pr103107.htm" href="http://www.house.gov/paul/press/press2007/pr103107.htm" style="font-size: 11px;">www.house.gov</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.house.gov/paul/press/press2007/pr103107.htm"><P class="MsoNormal"><FONT size="3" face="Times New Roman">Congressman Ron Paul, ranking member of the Subcommittee on Domestic and International Monetary Policy (DIMP), and a nationally recognized expert on monetary policy, issued the following statement regarding the Federal Reserve’s decision to again lower interest rates: </FONT></p> <P class="MsoNormal"><FONT size="3" face="Times New Roman">“<ST1:COUNTRY-REGION _moz-userdefined="" w:st="on"> <ST1:PLACE _moz-userdefined="" w:st="on"> America</ST1:PLACE> </ST1:COUNTRY-REGION> ’s economic difficulties, especially the problems in the housing market, are the direct result of the Federal Reserve’s inflationary policies. In the past year, we have seen MZM grow by 12%, yet the Fed continues to inflate the money supply. While prices for gold, oil, and staple commodities continue to rise, the purchasing power of the dollar for all Americans continues to fall.<SPAN>  </SPAN>Inflationary monetary policies created the problems in the economy we are seeing, and these problems will be made worse, not better, by more inflation.<SPAN>  </SPAN>Today’s action by the Fed is very bad news for American workers and retirees who are about to get hit with yet another jump in prices.</FONT></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/95F24EB0-9784-4830-9CE9-0C0D60A5CEC8/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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