ron paul

Ron Paul End the Fed: Why Do His Supporters Always Yell That?

by Christian Rice,  |  published on April 1, 2013

I never understood why Ron Paul and his supporters would rant (and chant) about why the government should “End the Fed.” But after reading that the Government Accountability Office’s first-ever audit of the Federal Reserve Bank shows $16 trillion in loans to private corporations worldwide, I became curious.

My curiosity eventually led me to the well-made YouTube video below. After watching, one can at least understand (although not necessarily agree with) the thought behind ending or reforming the Federal Reserve.

There are several arguments embedded in this piece, but the video explains them more thoroughly than I do and is certainly worth your time:

Argument 1: Secrecy

1. No one is allowed inside the Federal Reserve. Not Congressmen, the president, Supreme Court, CIA, or FBI. Not anyone.

2. This secrecy should not be tolerated by an institution which has the power to print U.S. dollars.

Argument 2: Corporate Influence

1. Big banks back the Federal Reserve because these banks can request loans from the Federal Reserve at low interest rates.

2. Many bankers and private shareholders sit on the board of Federal Reserve Banks (like JP Morgan CEO, Jamie Dimon).

3. The Federal Reserve is largely influenced and controlled by private corporations because of their interest in keeping interest rates low and increasing the amount of money loaned to them.

4. Government institutions should not be heavily influenced by private corporations.

No comments yet - you can be the first!

Comments are closed.

Do you Love your country but hate your government?

Join your fellow Libertarians who seek a world of liberty; a world in which all individuals are sovereign over their own lives and no one is forced to sacrifice his or her values for the benefit of others. Join over 500,000 Americans who get their daily dose of minimal government and maximum freedom with The New Liberty Movement.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.