Ron Paul Introduces Bill to Cancel America’s Fictitious $1.6 Trillion Debt to the Federal Reserve & Lower the Debt Limit by the Same Amount

Ron Paul introduced a bill (HR 2768) that would cancel America’s $1.6 trillion debt to the Federal Reserve and simultaneously lower the debt limit by an equal amount. In a recent interview Ron Paul had argued, “We owe $1.6 trillion to the Federal Reserve. But where did they get the …

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Ron Paul on the Budget Control Act: Mr. Speaker, It’s Time to Tear up the Federal Credit Card!

Ron Paul: This evening Congress is asked to vote for a bill that claims to reduce spending in the future, thereby accepting the fiction that legislation passed today somehow can control Congress in the future. The fate of legislation like Gramm-Rudman-Hollings in 1985 and the 1997 Balanced Budget Act prove …

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Ron Paul to Congress: If Debt Is the Problem, Why Do You Want More of It?

Transcript Ron Paul: Mr. Speaker, the Congress is concerned about the debt, the people are concerned about the debt, the markets are concerned about the debt, the world is concerned about the debt and what we’re doing here today, because we live with a world fiat dollar standard and so …

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