Ron Paul: We Must Stop the Fed from Causing More Harm




Later this month Congress will have an unprecedented opportunity to force the Federal Reserve to provide meaningful transparency to lawmakers and taxpayers. HR 459, my bill known as “Audit the Fed,” is scheduled for a vote before the full Congress in July. More than 270 of my colleagues cosponsored the bill, and it has the support of congressional leadership. But its passage in the House of Representatives is only the beginning of the battle, as many Senators and the President still don’t see the critical need to have a national discussion about monetary policy.

The American public now senses that the Fed’s actions, especially since 2008, are enormously inflationary and will cause great harm to the American economy in the long run. They are beginning to understand what so many economists still don’t understand, which is that inflation is a monetary phenomenon, and rising prices are merely a symptom of that phenomenon. Prices eventually rise when the supply of US dollars (paper or electronic) grows faster than the available goods and services being chased by those dollars.

This fundamental truth has been thoroughly explained by Milton Friedman and many others, so today’s Keynesian economists have no excuse for their claims that “inflation is under control.” Ordinary Americans don’t need a PhD simply to look at the Fed’s balance sheet and understand the staggering amount of money creation that has occurred in recent years. They know it will have harmful consequences for all of us eventually.

I’ve spoken at length about inflation, and how Fed money creation is effectively a tax. Every dollar created out of thin air dilutes the value of the dollars in your pocket and your savings in the bank. But the truth is that we are only beginning to see the results of the Fed’s dramatic increase in the money supply. As former Fed Chair Alan Greenspan himself explained last week to Larry Kudlow, most of the dollar deposits created by the Fed via successive rounds of “quantitative easing” remain on the balance sheet of Fed member banks. Because of very rational economic fears, banks are not lending, businesses are not expanding, and individuals are shedding debt. So, the trillions of dollars created by the Fed since 2008 remained largely undeployed. When those dollars eventually make their way into the world economy, prices across all sectors of the economy are likely to rise dramatically.

The true evil of inflation is that newly created money benefits politically favored financial interests, especially banks, on the front end. Over time, however, the net result of monetary inflation is always the devaluation of savings and purchasing power. This devaluation discourages saving, which is the key to capital accumulation and investment in a healthy economy. Inflation also tends to hurt seniors and those living on fixed incomes the most.

For decades the Fed has operated without any meaningful oversight whatsoever, resulting in the loss of savings, loss of purchasing power, and loss of quality of life for all Americans. It causes individuals and businesses to make bad decisions, misallocating their capital because market signals have been distorted. It causes financial ruin by engineering the inevitable boom and bust cycles that so many erroneously blame on capitalism. And it does all this in secrecy, to the benefit of the financial and political classes. It is time to Audit the Fed, as a first step toward ending its unchecked power over our money and economic fortunes.



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  1. LIES ABOUT HITLER
    Judging from the commentary here, it appears that what I have to say is going to come as a surprise to many of you.
    For those of you who are not familiar - I suggest you read Mein Kampf before you make any more comments on Hitler, the NSDAP, National Socialism, the real story behind WW2, or even who your “real” rulers are today.

    PROPAGANDA
    As difficult as it is to come to terms with - you have been relentlessly propagandized by your real enemies for pretty much your whole life.
    Everything you have been “taught” about Hitler - is essentially the “jewish” version.
    Long story short - you have been lied to……relentlessly. You have been subjected to determined, implacable, ruthless lies.
    Lies broadcast to you on your Tel-Aviv-Vision. Lies screened to you in the form of movies. Lies fed to you by shills like Rush Limbaugh. Lies published by jewish publishing houses. Lies spoken to you by your bought-and-paid-for politicians who are servile apple-polishers for “Israeli” interests.

    ITS TIME TO START THINKING FOR YOURSELF
    Do you know what critical thinking is? Ever heard of that? How about “independent investigation”?
    Try it.

    ADOLF HITER
    Adolf Hitler dedicated his life to fight the exact same things that you are facing today. And he dedicated his life to fighting the very same “group” who is fleecing you……today.

    A LITTLE ABOUT THE MAN
    Adolf Hitler inherited a Germany that had been the victim of “international interests” that felt that Germany was becoming too “strong” due to the inherent intelligent and productive nature of the German worker.
    Post WW1, Germany suffered under the weight of the genocidal “Treaty of Versailles”.
    Hitler knew what the root of the problem was - and he sought to fight it.

    POLITICAL VIOLENCE
    As you know, leftists and communists have a habit of violent interruption of meetings of people that they don’t agree with. Hitler had to deal with this too.

    TO PROTECT AGAINST COMMUNIST VIOLENCE, HITLER FORMED THE S.A.
    The S.A. was the Saalschutz Abteilung which translates to “Security Guard Department.
    The S.A. is often derisively referred to as the “brownshirts”.
    They were rank and file members of the National Socialist Workers Party but certainly not an army.
    Their main function was to protect party candidates from Communist violence. And the violence was murderous indeed: more than five hundred National Socialists were murdered by the communists. Thousands were grievously injured.
    Once Hitler was elected, he could no longer rely on the S.A. directly. He had to work within the already existing political and bureaucratic systems.

    HITLER BEGAN PRINTING HIS OWN “DEBT-FREE” CURRENCY
    Today, you suffer under a sick and twisted monetary system.
    Your system…the system that all those brave service men died to protect when fighting against Germany….your monetary system, is one where a small group of private citizens “somehow” gained the authority to create money out of thin air and loan it to everyone else at interest.
    Wow. Isn’t that cool?
    So, obviously that small group wound up buying everything in sight with all that “free money”. They bought your heavy industries and off-shored them. They bought your media - to keep you unaware of the truth. And they bought your entire government.
    Well, anyway……Hitler ended that whole sick business. That is how he got Germany back on its feet in just a few short years.

    THEN “INTERNATIONAL JEWRY” DECLARED WAR ON GERMANY
    Read about it. This is a fact.

    THE REGULAR GERMAN ARMY (THE WERMACHT) WAS LED BY “ARISTOCRATIC” GERMANS WITH DIRECT TIES TO JEWISH CAPITALISM
    There was a tremendous amount of conflict between the regular German Army leadership and the S.A. The conflict can be traced directly to the fact that German aristocratic society did not want to see an erosion of their “status”. In fact, most of the leadership in the regular German Army were from aristocratic families.

    THERE WAS MASSIVE CONFLICT BETWEEN THE S.A. AND THE REGULAR GERMAN ARMY
    The feud between the SA and the army was coming to a head. His old comrade, Ernst Roehm, Chief of the SA wanted to follow Stalin’s example and physically eliminate the army brass. The showdown resulted in the death of Roehm, either by suicide or murder, and many of his assistants, with the army picking up the pieces and putting the SA back in its place.
    THE S.S. WAS HITLER’S PERSONAL GUARD FORCE AND NUMBERED ONLY 180 MEN
    At this time the only SS to be found in Germany were in Chancellor Hitler’s personal guard: one hundred eighty men in all. They were young men of exceptional qualities but without any political role. Their duties consisted of guarding the Chancellory and presenting arms to visiting dignitaries.

    HITLER KNEW THAT THE WERMACHT BRASS WOULD NEVER SUPPORT HIS SOCIAL REFORMS
    After Hitler was compelled to acknowledge the superiority of the army he realized that the brass would never support his revolutionary social programs. It was an army of aristocrats.
    Hitler realized that if his social reforms were to proceed free of sabotage he needed a powerful lever, a lever that commanded respect.
    Hitler still did not confront the army but skillfully started to build up the SS. He desperately needed the SS because above all Hitler was a political man; to him war was the last resort. His aim was to convince people, to obtain their loyalty, particularly the younger generation. He knew that the establishment-minded brass would oppose him at every turn.

    PLOTS AGAINST HITLER
    And he was right. Through the high ranking officers the establishment plotted the overthrow of the democratically elected Hitler government. Known as the Munich Plot, the conspirators were detected in time. That was in 1938.
    On 20 July 1944, Hitler almost lost his life when aristocratic officers planted a time bomb underneath his desk.

    HITLER THEN BUILT UP THE S.S.
    The S.S. was the “Real German Army”, while the regular Army (the Wermacht) was not really loyal to Hitler.
    Looking at the obvious components of the political realities that Hitler faced at the time, any astute investigator would want to know more about high ranking German officers in the Wermacht who were collaborating with the Allies in hopes that they could maintain their social and financial positions after the war……that they would help Germany to lose.
    Obviously, Hitler was neither a Rothschild agent, nor was he serving jewish interests.
    However, the same cannot not be said for the leadership in the Wermacht.

    TRAITORS IN THE WERMACHT
    There were definitely traitors embedded within the Wermacht. There were traitors embedded within the Abwehr. The traitors didn’t only plot against Hitler directly, but also plotted to ensure that Germany did not win the war.

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  2. Proud to be an Amerikwan….

    When tomorrow all the things are gone
    I’d worked for all my life
    And I have to start again
    with just my children and my wife

    jew bank will take my unlucky stars
    and I’d be reliving it today
    ‘Cause the flag don’t stand for freedom
    the jews are taking that away

    And you’re proud to be an Amerikwan
    where at best your heart pumps pee
    And I won’t forget the men who lied
    to take everything away from me

    And you sadly stand up
    next to the jews and defend them still today
    Cause we’re comin’ to take back the land we love
    God damn the jewSA

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  3. Ron Paul is puppet and a hypocrite , 911 inside job, Ron supports a 1 World Currency=1 W O= he who controls the money controls the world

    Ron wants to eliminate our civil rights which protect us from a 1W O

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  4. Apparently the only person here that knows about economics is you,I was being sarcastic, you are just talking rubbish,try looking at the real world.

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  5. President Paul destroys International Banksters' PUPPET, Ben Shalom Bernanke, the newest Jewish Person to head the Feds (since 1913 only Jews in league with the International Money Lenders have been appointed to rule this Private Organization) — watch it and SHARE!

    part 1)

    http://www.youtube.com/watch?v=bXcE2VP-tmg&feature=player_embedded
    ——————————————————————————————–

    Ron Paul knocks down the Feds for their creation of phoney money — watch it and SHARE!

    part 2)

    http://www.youtube.com/watch?v=doaQ3_ZUF6U&feature=player_embedded
    ——————————————————————————————-

    Ron Paul further destroys International Banksters PUPPET, Ben Shalom Bernanke — watch it and SHARE!

    *Watch the facial expressions of Shalom Bernanke — looks like a guilty school boy caught cheating during a test!*

    part 3)

    http://www.youtube.com/watch?v=1Q8Z-C3hyLE&feature=player_embedded

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  6. French Canadian

    Below is mirror of Alex’s review. Please share, link and watch before it, too, is blocked or removed from You Tube.

    SECRETS of BATMAN The Dark Knight Rises - LEAKED & EXPOSED!
    http://www.youtube.com/watch?feature=player_embedded&v=TOvGfatjPMc#!

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    • Ron Paul destroys International Banksters PUPPET, Ben Shalom Bernanke — watch it and SHARE!

      part 1)

      http://www.youtube.com/watch?v=bXcE2VP-tmg&feature=player_embedded
      ——————————————————————————————–

      Ron Paul knocks down the Feds for their creation of phoney money — watch it and SHARE!

      part 2)

      http://www.youtube.com/watch?v=doaQ3_ZUF6U&feature=player_embedded
      ——————————————————————————————-

      Ron Paul further destroys International Banksters PUPPET, Ben Shalom Bernanke — watch it and SHARE!

      *Watch the facial expressions of Shalom Bernanke — looks like a guilty school boy caught cheating in a test!*

      part 3)

      http://www.youtube.com/watch?v=1Q8Z-C3hyLE&feature=player_embedded

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  7. French Canadian

    Robin,

    "Now that the government controls the media with Obama’s latest executive order, they will suppress all of the alternative news(including Alex Jones)... " (Robin)

    It has started a long time ago for Alex Jones. They have blocked his youtube channel he sued them and got it back. You can no more find articles from Infowars by clicking on NEWS... you now can only get them by clicking on WEB. They have hacked his sites so many times, this is why he has 3 sites for a back-up: Infowars, Prison Planet and prison Planet tv.

    Here is what they did today:

    "Alex Jones’ review of the film The Dark Knight Rises, hitting theaters Friday, has been blocked inside the United States on copyright claims filed by Warner Bros., despite its having only used short, promotional clips that clearly fall within Fair Use guidelines and 1st Amendment free speech rights."

    Warner Bros. Censors Review Critical of Dark Knight Rises Just Before Release
    http://www.infowars.com/warner-bros-censors-critical-review-of-dark-knight-rises/

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  8. Ron Paul destroys International Banksters PUPPET, Ben Shalom Bernanke — watch it and SHARE!

    part 1)

    http://www.youtube.com/watch?v=bXcE2VP-tmg&feature=player_embedded
    ——————————————————————————————–

    Ron Paul knocks down the Feds for their creation of phoney money — watch it and SHARE!

    part 2)

    http://www.youtube.com/watch?v=doaQ3_ZUF6U&feature=player_embedded
    ——————————————————————————————-

    Ron Paul further destroys International Banksters PUPPET, Ben Shalom Bernanke — watch it and SHARE!

    *Watch the facial expressions of Shalom Bernanke — looks like a guilty school boy caught cheating in a test!*

    part 3)

    http://www.youtube.com/watch?v=1Q8Z-C3hyLE&feature=player_embedded
    ——————————————————————————————-

    P.S. Has anyone noticed that when clicking on such YouTube videos, there is NOW about a 10 second delay before they play?

    Could the reason for this delay be that uTube wants to verify your IP addy so they can report it to some Big Brother US Agency to make a file…of who watches what?!

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  9. French Canadian

    Robin,

    "The person in charge is afraid that if she allows us to talk about these things that they will get in trouble. Any suggestions?" (Robin)

    Tell them to go to hell. There is no law backing this stupidity. As far as I know, you still have free speech, maybe not for long, but you still have it.

    The more you will comply to them, the more stupid things they will ask from you.

    Just say NO THANKS you, I will use my free speech while I still have it. Stand up and stay firm. And never forget that we get the enslavement we merit by not standing up to these power drunk people.

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  10. Ron Paul destroys International Banksters PUPPET, Ben Shalom Bernanke — watch it and SHARE!

    part 1)

    http://www.youtube.com/watch?v=bXcE2VP-tmg&feature=player_embedded
    --------------------------------------------------------------------------------------------

    Ron Paul knocks down the Feds for their creation of phoney money — watch it and SHARE!

    part 2)

    http://www.youtube.com/watch?v=doaQ3_ZUF6U&feature=player_embedded
    -------------------------------------------------------------------------------------------

    Ron Paul further destroys International Banksters PUPPET, Ben Shalom Bernanke — watch it and SHARE!

    *Watch the facial expressions of Shalom Bernanke — looks like a guilty school boy caught cheating on a test!*

    part 3)

    http://www.youtube.com/watch?v=1Q8Z-C3hyLE&feature=player_embedded
    -------------------------------------------------------------------------------------------

    P.S. Has anyone noticed that when clicking on such YouTube videos, there is NOW about a 10 second delay before they play?

    Could the reason for this delay be that uTube wants to verify your IP addy so they can report it to some Big Brother US Agency to make a file…of who watches what?!

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  11. Ron Paul said that our millitary presence in the middle east is the actual cause of the muslim peoples haterid of America and the reason Islamic Terrorist want to attact us. I say, yes he is exactly right but I also say this is their aganda. The cobal that is working toward the NWO is creating this scenario on purpose. This gives them a scape goat for the mass extinction of Americans and/or other peoples around the world. They want a max of 500MM total population of the world. So, stay alert !

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  12. Id say 10,000 With AK-47 rifles!

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  13. French Canadian,
    Now that the government controls the media with Obama's latest executive order, they will suppress all of the alternative news(including Alex Jones) and replace it with 1984 broadcasts. I'm sure any independent news station is very concerned what will happen when the president and government take over the media officially.

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  14. French Canadian

    When tomorrow all the things are gone
    I’d worked for all my life
    And I have to start again
    with just my children and my wife

    jew bank will take my unlucky stars
    and I’d be reliving it today
    ‘Cause the flag don’t stand for freedom
    the jews are taking that away

    And you’re proud to be an Amerikwan
    where at best your heart pumps pee
    And I won’t forget the men who lied
    to take everything away from me

    And you sadly stand up
    next to the jews and defend them still today
    Cause there ain’t nuthin’ ‘bout this land to love
    God damn the jewSA

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  15. I'm volunteering this summer in a federally funded lunch program(live in a high poverty area and lots of folks out of work) and another parent who brings their children is a Ron Paul supporter and we were told that we can not discuss politics, religion, etc. It is in a church and no mention of GOD either. This parent of course was livid as this is another way to take away our freedom of speech. The person in charge is afraid that if she allows us to talk about these things that they will get in trouble. Any suggestions?

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  16. French Canadian

    O Canuckistan!
    Our home and native land!
    Land of hush-up, restriction, and suppression.

    O Canuckistan!
    Jewish thought control is my command.
    Where we cannot say certain things.
    For fear of prison.

    No doubt of the holy hoax.
    False witness we must bear.
    Else “they” shall arrest thee.

    O Canuckistan!
    My native land.
    Where jews control my thinking.

    Muds take our land inglorious for free!
    O Canuckistan, where our hearts pump pee.

    O Canuckistan, where our hearts pump pee.

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  17. French Canadian

    I have been watching with interest the unfolding of the Arpaio investigation into the obama birth certificate forgery matter.

    I recently viewed an interview featuring the lead investigator - Mike Zullo. The content of the interview clearly shows the far-reaching extent of hush-up, restriction and suppression relative to this issue.

    Many of you no-doubt self-identify as “Liberterian”, Independent” or “Republican”. I take this mean that you are a participant in the basic “Republican/Democrat” dichotomy.

    Isn’t it interesting that we only have two viable opposing political parties - yet both of them are united in the apparent interdiction of the investigation into the obama birth certificate forgery.

    Also interesting is the conformity and consonance of disparaging criticality and/or silence expressed by essentially all of the US media on this very important subject.

    Logical thinking would lead one towards questioning “why”.

    An astute observer would note the sequence of events which have aligned and combined is ways that form a definite pattern.

    That pattern is one of deception. Coordinated deception.

    This leads one to ask the obvious question: “who”? Who is responsible for this coordinated deception? Why are they doing it? How far does it go?

    Ever listen to Rush Limbaugh? As you may be aware - Rush Limbaugh is employed by Premier Radio Networks. Premier Radio Networks is owned by Clear Channel Communications. Clear Channel Communications is owned by Bain in Boston. The CEO of Bain (Orit Gadeish) is an Israeli citizen who was on Romney’s transition team when he became Governor or Mass. Her father was a high ranking officer in the Israeli Army and who was herself an Israeli intelligence officer.

    Could it be that Bain is an Israeli government front company? Is that why Limbaugh never says anything critical of Israel? Is that why Limbaugh is essentially campaigning for Romney?

    Why is it that some of the US media is “liberal”, some is “conservative” - yet, ALL of the US media backs Israel?

    Why is it that our entire banking system is run by non-Christians?

    Why is it that Hollywood is run by non-Christians?

    Why is it that if anyone notices the very obvious pattern here - they are denounced as an “Anti-Semite”?

    What is really going on here? That is a rhetorical question. It is obvious what is going on here.

    The question is - what are we going to do about it?
    ====

    Conventional propaganda informs us that the two opposing parties actually oppose each other because they represent different interests and are fueled by a difference of opinion from each other.

    While disunion on certain issues does seem to be evident, both parties are united and in total agreement on certain key issues.

    Both parties support Israel.

    Both parties support wars against Israel’s neighbors.

    Don’ t you find that interesting?

    =====

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  18. French Canadian

    SING ALONG NOW….

    Proud to be an Amerikwan….

    When tomorrow all the things are gone
    I’d worked for all my life
    And I had to start again
    with just my children and my wife

    jew bank would take my unlucky stars
    and I’d be reliving it today
    ‘Cause the flag don’t stand for freedom
    the jews are taking that away

    And you’re proud to be an Amerikwan
    where at best your heart pumps pee
    And I won’t forget the men who died
    to take everything away from me

    And you sadly stand up
    next to the jews and defend them still today
    Cause there ain’t nuthin’ ‘bout this land to love
    God damn the jewSA

    From the lakes of Minnesota
    to the hills of Tennessee
    Across the plains of Texas
    From sea to shining sea

    From Detroit down to Houston
    and New York to L.A.
    Well there’s yellow in every Amerkwan’s heart
    and its time you kneel and pray

    That you’re proud to be an Amerikwan
    where at best your heart pumps pee
    And I wont forget the men who died
    to take everything away from me

    And you sadly stand up
    next to the jews and defend them still today
    Cause there ain’t nuthin’ ‘bout this land to love
    God damn the jewSA

    And you’re proud to be an Amerikwan
    where at least your heart pumps pee
    And I won’t forget the men who died
    to take everything away from me

    And you sadly stand up
    next to the jews and defend them still today
    Cause there ain’t nuthin’ ‘bout this land to love
    God damn the jewSA

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  19. Ron Paul! He speaks to the people not the corporations! :) U.S. please don't let the government impose you a president! Greeds from Mexico democracy is making a comeback!

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  20. French Canadian

    Robin,

    "These folks will be more inclined to listen to Alex Jones if he gets a thumbs up from The Drudge Report which they listen to. Otherwise, they will not go there and simply see it as another conspiracy site."(Robin)

    You are right. Only people who still thinks that the 9/11 official story is real, think that Infowars is a conspiracy site. Also the people who thinks that Chemtrails are not real...or that the Federal Reserve is part of the goverment... or that the NWO isn't real are afraid to go to Infowars... lol. Boy, will their awakening be brutal!

    "My people perish for lack of knowledge" (The Bible).

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