Ron Paul: When the Fed talks about independence, what they’re really talking about is secrecy…

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Quote | PATRIOTS AND PAULIES (Politics & News“When the Fed talks about independence, what they’re really talking about is secrecy. What the GAO cannot audit is monetary policy. It would not be able to look at agreements and operations with foreign central banks, and governments, and other banks, transactions made under the direction of the FOMC [Federal Open Market Committee], and discussions or communications between the board and the Federal Reserve system relating to all those items. And why this is important is because of what happened 4 years ago. It’s estimated that the amount of money that went in and out of the Fed overseas is $15 trillion. How did we get into this situation where Congress has nothing to say about bailing out all these banks?”

—Congressman Ron Paul

Audit The Fed Passes the House 326 – 99

Posted by Tenth Amendment

Congressman Ron Paul Before the U.S. House of Representatives, Committee on Financial Services, Hearing on HR 1098: the Free Competition in Currency Act

I. The Problem

John Maynard Keynes once stated that “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” Such a situation is exactly what faces this country today, as the Federal Reserve seems hell-bent on destroying what little purchasing power remains of the U.S. Dollar.

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If Ron Paul Were President… Would Anything Really Change?

What Would Really Happen If Ron Paul Were To Be Elected President?

Ron Paul at the 2007 National Right to Life Co...

President Paul?  (Wikipedia)

by Bill Sardi

(LewRockwell.com) So what would really happen if Ron Paul were as elected President?

President Paul would immediately push for $1 trillion cut in federal spending (per year, not the $3 trillion that Democrats proposed over 10 years with half of that from increased taxes.)

President Paul would have the authority as commander-and-chief to withdraw troops from overseas, within limits of treaty commitments which must be honored (US supplies defense for Saudi Arabia, many other nations.) To the extent possible, the US would cease being the world’s policeman and plunderer of foreign economies (Iraq, Libya). The US would cease being a war economy. President Paul would also push to…

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Ron Paul: You don’t have a right to other people’s income…

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