In a recent interview Ron Paul had argued, “We owe $1.6 trillion to the Federal Reserve. But where did they get the money to buy our debt? Well, they created it out of thin air.
So taxpayers keep working hard to pay the interest to the Federal Reserve, as well as to finance these bonds if the Fed wants to take the monies. So I would say that is not a real debt. It’s a fictitious debt. It’s a dishonest debt, and that we’re not obligated.”
HR 2768 currently has no co-sponsors. The bill was referred to the House Committee on Ways and Means. The full text of the bill will be available soon.
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I hope not to offend anyone (based on your age) with this statement, but am I the only one who thinks we need Ron Paul to point out all of the mistakes of the Baby Boomer generation. I mean on both sides of the isle too. On one hand, you have people wanting the government involved in just about everything. Then, on the other hand you have people who say they don’t, but go along with the passage of everything yet won’t pay for it. And, here we are. 15 Trillion Dollars in debt. And, an entire generation (holding control of power centers, wealth, and jobs) who so selfishly just bicker back and forth while they continue down the same path, never admitting any wrong doings.
http://www.debt.us.org/debt/us-national-debt/ron-paul-best-suited-for-us-debt-crisis
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Let us not forget the Income Tax is equal to the interest payment on our debt to the Fed. By cancelling the debt and the indebtedness whether the bankers like it or not, would make the Income Tax unnecessary which Ron Paul repeatedly says. Obviously he’s right.
Ron Paul for President !!!
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The Fed is a foreign owned enemy of the American People and should be treated as such.
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