Rep. Ron Paul & the Federal Reserve are at odds. Why??

Question

I have heard that Rep. Ron Paul of Texas, wish's to decommission the Federal Reserve. If so, why?

Answer 1

Since Ron Paul is extremely intelligent and has an excellent understanding of how our corrupt monetary system currently operates, he is an advocate of "hard money" or the gold standard. He wants to do away with the Federal Reserve system because he thinks it is unconstitutional - and it is. It is a privately owned corporation that creates unsecured fiat currency out of nothing!! They simply print more money when the money supply is low, which reduces its value and causes inflation.  The Federal Reserve is not a government agency - it is under the control of the international banking tycoons, and by setting it up back in 1913, they were essentially stealing power away from the people because they now completely control the monetary system - using inflation for the redistribution of wealth upwards.  Before 1933, the dollar bill was redeemable in gold. The Federal Reserve did away with that. Now, our dollar bill is not backed up by anything - it is simply called "legal tender" which means it is nothing but a worthless piece of paper!!

Please watch the videos to learn more:

http://www.youtube.com/watch?v=MjDU6gI6g...

http://www.youtube.com/watch?v=JAcjTqLBu...

Answer 2

I'm not expert in this, but as far as I know, the Federal Reserve needs to be independent of the politics to be neutral, so they are not really a part of the government, it's more like an assigned agency by the government to print the money.  

the problem is that, people don't get to vote for what the Federal Reserve should be doing, so they decide how the economy should be run.  and they are consist of banks and other financial institutions that elect themselves to be the owner of Federal Reserve.

they have ditched the gold standard, meaning, the US dollar is not backed by gold.  so what determines the value of the US dollar?  mostly by the current exchange rate and the other nations using the US dollar as a national reserve.   international trades also use US currency, but the tendency these days is to switch to Euro.

in other words, they can print the dollars as much as they want, but there's no tangible means to support and protect the currency.  you might have millions of dollars, but in a decade or so, that may not be worth $100!  that's what Federal Reserve is doing, so good luck with that!!!  even CDN $ is worth more than US $, but that doesn't mean Canadian economy is booming.  it only means that the US currency is loosing its worth.

Answer 3

The Federal Reserve is only somewhat more Federal than Federal Express. It is a network of international banking magnates that basically run the show.

Answer 4

The United States does not control its own money, unlike other nations.

The Federal Reserve is actually a group of european banks that control our money and determine its supply and value.

Nations like Russia, China, India, etc... all control their own money supply and as a result are not debtor nations like the USA.

Answer 5

the man is a total idiot.    He is a RINO not a true republican.

Answer 6

Because the Federal Reserve System in in fact a private for profit cartel that has a monopoly on money counterfeiting.  Ron Paul understands that anytime that a private agency has the power to print money at interest and can exercise that power without regard to any real world item--gold,tin,value of work..whatever--that in the end the currency will fail and the people that are left with the paper are left with nothing but a broken promise.   Look up the Glass-Owens bill and then look up the history of banking.

Answer 7

the federal reserve also charges for the money it prints, the only way to pay the debt it to print more money, Its an endless cycle

Answer 8

because he knows the real truth about them, and they don`t  like it.

Answer 9

There is a line of thinking that the federal reserve system builds a false economy backed by simply trust instead of real money. Money used to be backed by gold and silver, not it's simply backed by trust.

Answer 10

Because the federal reserve is not expressly mentioned in the Constitution.  Actually, the issue of a federally authorized and chartered bank is an old one in this country.  The U.S. Supreme Court decided back in the 1810s that the "necessary and proper" clause authorized Congress to charter a national bank (in that case the First Bank of the United States).  However, there have always been a group of individuals opposed to federal power who have opposed having a national bank.  Apparently (and from things Representative Paul has said in the past I have no reason to doubt it), Representative Paul's Anti-Federalist philosophy extends to the Federal Reserve Bank.