Is it time to return to the Gold Standard?
Dr. Ron Paul is again calling to abolish the Federal Reserve, calling them an illegal and immoral institution. The Fed is supposed to be bringing stable money, but instead they are really involved in price fixing.
Ron Paul points out that the Federal Reserve is not allowed in the Constitution and is therefore illegal. The fact that they literally create money out of nothing makes them nothing more than legalized counterfeiters. If you or I tried to do that we would be slammed in prison so fast it would make the F-22 Raptor look slow by comparison.
The Federal Reserves amounts to a “seductive tax on the middle class” in order to enlarge Government, says Ron Paul.
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The FED RESERVE is neither! LOL
Comment by NH — March 26, 2008 @ 1:13 pm |
[...] Paul said it in the video I posted the other day, Jim Rogers is saying it too. It may seem helpful in the short run, but dollar weakness and [...]
Pingback by Jim Rogers says “Abolish the Fed” « Without Borders - Newsletter from Casey Research — March 27, 2008 @ 10:51 pm |