thank you for all the graciousness of your invitation. i would like to say i do not think we are a socialist country. you have one-fifth of the people that own 94% of the financial assets. the top 1% may 24% of the income. i do not think that is proof of socialism. i am in this race because there is a progressive avoid laughter d left here by president obama. president obama is a democrat, but president obama has lost the promise of the democratic party. he has basically sided with wall street from the day he has been in office. most of its funding comes from wall street. he surrounds himself with people like ge. erskine bowles and jeffrey immelt. he has people around that like him and they have a lot of influence on the oval office. the finance his campaigns. the outcome of that, the product of all this, it is an administration that has policies that are very favorable to wall street. but not to main street. president obama opposes a 1% tax on the wall street derivatives.
50/50. democrat, republican. what you can do, the president has the most responsibility with foreign policy. you can change the attitude of the world and say that we are done with the wasteful, unwinnable, undeclared wars. spend our money here at home. [applause] you have to have a revision of the monetary system and to do it completely you would have to have incorporation from the congress. the immediate thing that we should do is find out what is going on. meaning a thorough and complete audit of the federal reserve and to they have been taking care of. in order to get that transition started, you have to legalize competition today. you want competition with the federal reserve. you could deal in gold and silver, and that would require the legislation i have been trying to introduce for years. you have to cut the spending. that is the most important thing. do not let the american people get stuck with buying up this plot this bad debt. when that message is sent, for a
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