Wednesday, October 15, 2008

Federal Reserve

Things You must understand about the privately owned "Federal" Reserve, or we all will continue down the same path we have trodden for years ... I am ready for a REAL difference. Are you?

Abolish the Fed

by Rep. Ron Paul, MD

"Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts."

Ron Paul video 01/17/2007

Ron Paul video 02/19/2007

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