by Ron Paul
While the Fed has recently released an unprecedented amount of information on its activities, there is still much that remains unknown. Predictably, every push towards transparency has been fought tooth and nail. It took disclosure requirements enacted within the Dodd-Frank Act to get the Fed to provide data on its emergency lending facilities. It took lawsuits filed by Bloomberg and Fox News to provide data on discount window lending during the worst parts of the financial crisis. And it will take further concerted action on the part of Congress, the media, and the public to keep up pressure on the Fed to become and remain transparent.
Transparency is not a panacea, however, as a fully transparent organization is still capable of engaging in all sorts of mischief. Ironically, one of the Fed’s more egregious recent actions, adopting an explicit inflation target, was hailed by many as another wonderful example of transparency. Yet if you think about what this 2% inflation target actually is, you realize that it is an explicit policy to devalue the dollar and reduce its purchasing power. And it adds up quickly over time. Two percent annual price inflation means that prices rise 22% within a decade, and nearly 50% within two decades.
It is worse than that, however. This explicit 2% target also fails to take into account that whatever measure is used to determine price inflation, be it CPI, core CPI, PCE, etc., will always be chosen with an eye towards underreporting the true rate of inflation and price rises. Pressure will be exerted on those calculating the price indices, so as not to alarm the public when prices begin to accelerate.
Of course, government officials claim that price increases do not affect the average American because they can always substitute hamburger for steak, or have cereal instead of bacon to protect their family budget as prices rise. But the American people don’t overlook the fact that their quality of life has suffered because of the Federal Reserve and price inflation. What will they substitute when hamburger and cereal go sky high?
The Federal Reserve continues to keep interest rates low in the hopes of boosting lending and consumption. But keeping interest rates at zero discourages saving. Why stick money in a savings account earning 0.05% if it is guaranteed to lose at least 2% every year? The Federal Reserve created the largest debt bubble the world has ever known with these sorts of policies. The extended zero interest rate policy only eviscerates thrift and savings—the true building blocks of prosperity. Capital will continue to be depleted, infrastructure will fall into disrepair, and the United States will be a mere shadow of its former self.
It is well past time to end the failed monetary policy that encourages this mistaken preference for cheap money now, rather than real wealth in the long run. Transparency and a full audit of the Federal Reserve is a start and something we must continue to pursue. And, if those in power don’t have the stomach to bring the Fed out into full daylight, the American people deserve at least the right to conduct their economic transactions in the medium of exchange of their choosing.
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Take the wage of your first job, and look at the price of gold of that year, compare that to your current job and today’s price of gold. Notice something.. Yeah you ain’t making nothing. Take the biggest loan you can get for as long as you can get it, cause 100k will be minimum wage in 30 years. Well that might be extreme but who knows
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I would not buy on loan for anything at this time and day. I pay cash or I dont need it. Oh no I pay cash that make me a terrorist. LOL
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Bottom keep the pressure on. Even If Ron Paul does not get the Republican Nomination( we all know he should according to actually popularity) He has given us a solid direction to move forward in a good foundation to build upon and proof that public outcry gets results.. Keep the pressure on Never Give Up !!! Audit and expose the Fed and watch it crumble. We must be diligent and ready for swift action to replace it with a sound money system.
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The worst terrorists dont live in caves.They are leaders of countries who do what is required to satisfy the interests of Bankers and Corporations.They often state they believe in God but possess zero compassion for the human beings their warmongering kills.Presidents Kings and the wealthy elite are the real enemy of the human race.The War of Terror they have waged for 11 years is not against just Iraq Afghanistan etc it is against all freedom loving people in the world.That’s the truth.
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I’m not sure about this Ron Paul guy anymore….
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OKLAHOMA’S got you Ron Paul!
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Guys, if you keep responding to ju88ff/trolls, you’re going to keep giving him all the attention he wants. He wants you to get pissed off and argue with him. Stop giving him what he wants. I’m tired of going to these Paul videos and you guys making a fucking celebrity out of him.
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Watch Ron Paul get destroyed tomorrow on Super Tuesday.
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So reality is the polls and votes are fixed. Ron Paul is not winning and Israel or our Z.O.G. will cause us to go to war with Iran. They are somehow a “threat” even though troops have them surrounded, Islamic countries around them have been destroyed, sanctions are harsh and somehow we forget that the U.S. are the ones that actually USED nukes in the past. Israel stole their land with violence. What do we do people? Seems we are quite screwed.
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RP2012
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I spoke to a romneybot and tried to convert him—lol
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The Rick Santaurum Robot just called my house… I TOLD HIM TO FUCK OFF THIS IS RON PAUL TERRITORY, OKLAHOMA WANTS RON PAUL 2012!!
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END THE FED
END THE FED
END THE FED
END THE FED
END THE FED
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God bless Ron Paul
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HEY RON PAUL SUPPORTERS!! : Ron Pauls final donation push for super tuesday is currently at $963,900.00, please donate anything, even if its just 5$ or 10$!!! lets hit 1 million today!!! I donated 10 dollars today and i feel great! just remember that the pocket change you donate will come back to you in the form of 1$ trillion returned to the people!
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Ron Paul 2012!
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This is not effin China or Russia, we got Bullets, Balls, and Beer
LETS DO THIS
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and woman ofcourse
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1,000,000 MAN MARCH ON WASHINGTON IN SEPTEMBER SPREAD THE WORD
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The CIA created, funded, trained and gave missions to al-CIA-da. FACT!
They are a USA Governmental Sponsored ‘terrorist’ organisation.
Under the NDAA anyone connected with giving funds or sponsorship to terrorist organisations are subject to immediate and unlimited detainment by the USA Military. So why are the CIA, Bush, Cheney, Rumsfeld, Goldman and Sachs, Rothschilds, The Fed, et al, not being grabbed by the Military and dumped in Guantanamo?
Because they OWN the Military!
Now you know!
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Ron Paul against the Empire Beast grown fed on blood and easy Fed money, coming home to make America “safe” from liberty.
Dr. Paul is The David against The Goliath.
Lets hope it ends the right way.
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I made a video for Dr Paul, please watch and support.
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Amen Ron!!! You go Boy!
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Whaddya mean “WHEN” cereal prices go sky high??? A box of cereal containing 3 cents worth of GMO corn and HFCS costs FIVE DOLLARS already.
END THE FED already!
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Ron Paul
Alex Jones
Peter Schiff
Max Keiser
Judge Napolitano
They are the Avengers of Liberty!
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We are from all across the world, but what we share is an understanding of human nature and a subsequent need for liberty. Through an intelligent and inspirational figure, we will reach our goal, before the other side achieves their malicious one.
Ron Paul 2012 or Goodbye Planet Earth.
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how sad you unquestioningly believe your mainstream `news` outlets.Lose the rest of your freedoms you fool,believing the fear hype
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Ron Paul is the man !
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yeah lets let iranian soldiers invade us and then nuke our citires..;fuck head paul
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Cant even win a SINGLE primary…..oh well…at least he is FIRST LOSER. I am going to find a ron paul sign today and TEAR IT DOWN!! MAAAAYBE TWO!
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Thank you Ron Paul for all of your Hard Work, dedication and information. We Love you! You are our Hero!!!
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I had never thought the Federal Reserve Bank System would prove such a failure. The country is in a state of irretrievable bankruptcy. – Senator Carter Glass, June 7, 1938
2012, current age America boasts a 15 trillion debt.
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England is the birthplace of private central banking and even though it has practiced the system far longer than the US it still has not fixed its 1000% of GDP debt, making it the most indebted country in history.
If you want to know the american future look at England.
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There can only be Ron Paul 2012..
We must AUDIT THE FED. and END THE DEBT SLAVERY AMERICANS ARE IN.
I am from the Republic of South Korea and thousands here got his back.
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RON PAUL!!!
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How blind are the American People? The TRUTH is right in front of you but you refuse to heed it. You are dooming yourselves and your children to slavery and endless wars.
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I know deep down my gut is telling me the devaluation of the world’s currencies are going to crash much faster than they have planned.
Sort of like a snowball it’s going to pick up speed and size, the FREE market is going to take over and that’s when paper is going to crash and burn, Banksters and the Government won’t have any control at that point….
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