Here is the video of his address on C-SPAN 2/17/2007
Here is an excerpt of a similar speech he gave in 2003:
Paper Money and Tyranny
A fiat monetary system allows power and influence to fall into the hands of those who control the creation of new money, and to those who get to use the money or credit early in its circulation. The insidious and eventual cost falls on unidentified victims who are usually oblivious to the cause of their plight. This system of legalized plunder (though not constitutional) allows one group to benefit at the expense of another. An actual transfer of wealth goes from the poor and the middle class to those in privileged financial positions.
In many societies the middle class has actually been wiped out by monetary inflation, which always accompanies fiat money. The high cost of living and loss of jobs hits one segment of society, while in the early stages of inflation, the business class actually benefits from the easy credit. An astute stock investor or home builder can make millions in the boom phase of the business cycle, while the poor and those dependent on fixed incomes can’t keep up with the rising cost of living.
h/t to sa rose at bibliosquirrel
(I agree sa rose -- this section scares the crap outta me too)
Hey - how about a Paul/Nader ticket?
Catch Nader on TDS with Jon Stewart (3 parts)
These two men, IMO, are EXACTLY what this country needs -- ASAP
crossposted at BigBrassBlog