This is also the most destructive method since the federal government is able to simply print more money as needed to finance its drunken spending spree. It has become a never-ending cycle of spending and printing more money.
The federal government only has about thirty enumerated powers delegated to it in the Constitution.
He further maintains that most people are not aware that the Fed—created he asserts by the Morgans and Rockefellers at a private club off the coast of Georgia  —is actually working against their own personal interests. It would only expose how the Federal Reserve has been manipulating our currency behind closed doors.
The Federal Reserve was ordered through a Freedom of Information Act request to release 28, pages of documents in March Summary[ edit ] Paul argues that "in the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve.
In turn the purchasing power of the masses is diminished, yet most people are unaware. The expansion of credit cannot continue permanently which means that inevitable bust will follow a false boom created by the Federal Reserve.
Paul also draws on what he argues are historical links between the creation of central banks and war, explaining how inflation and devaluations have been used as war financing tools in the past by many governments from monarchies to democracies.
While there have been historical debates on the constitutionality of a central bank, I see no justification for the argument that the Federal Reserve is constitutional.
Consumers with low disposable incomes will be negatively impacted by higher prices for food and clothing. That kind of central planning would never exist in a true free market economy. Due to my strict interpretation of the Constitution, I find the Federal Reserve to clearly violate the Constitution.
In retrospect, these investment decisions called malinvestments are seen as a bad allocation of resources. Voters can put pressure on their representatives to halt politically unpopular tax hikes and lenders could stop loaning money to the U. Throughout its year history, it has always operated under a veil of secrecy.
The theory states that a false boom occurs when the Federal Reserve lowers interest rates below the market rate which increases the supply of money. A major theme throughout the work also revolves around the idea of inflation as a hidden tax making warfare much easier to wage.
It benefits the privileged few at the expense of the rest of us. This is why high power lobbyists protect and defend the existence of the Federal Reserve. The central bank completely controls and determines the money supply. This means that those who run the Federal Reserve are unaccountable to the people.
Artificially low credit cost sends out misleading economic signals to producers. The central bank serves big spending politicians, big bankers and their friends.
Inflation hurts the poor most since they have less disposable income. It is often wrongly defined as the general rise in the price of goods and services. Because people will reject the notion of increasing direct taxes, inflation is then used to help service the overwhelming debts incurred through warfare.
But higher prices are actually a direct consequence of inflation since increasing the supply of money decreases the purchasing power of the dollar.
Special interests receive access to money and credit before the harmful inflationary effects impact the entire economy. Our elected representatives in Congress have very little oversight over the central bank.
Malinvestments will lead to wasted capital and economic losses. The federal government can only obtain money through taxation, printing or borrowing money. Our Founding Fathers would be outraged that one centralized institution has unchecked and unprecedented power to control the economy and thus our lives.
The seven members of the Board ultimately decide the price or purchasing power of our money. The power to create a central bank is not explicitly granted to the federal government in our founding document.
It bears significant responsibility for every financial crisis over the past century including the Great Depression, the stagflation of the s and recent economic meltdown.
They are inclined to respond by greatly expanding their production around the same time. Inflation is the increase in the supply of money and credit. The more dollars we have in the circulation, the less the currency is worth.
He states that the Federal Reserve System is inflating currency today at nearly a Weimar or Zimbabwe level, which Paul asserts is a practice that threatens to put the United States into an inflationary depression where the US dollarwhich is the reserve currency of the world, would suffer severe devaluation.
The Federal Reserve has never been fully audited by any outside source.
Instead of protecting the people, Paul contends that the Fed now serves as a cartel where "the name of the game is bailout"—or otherwise known as privatized profits but socialized losses. The Austrian Business Cycle Theory explains why we see such wide fluctuations in the economy.
This is the antithetical to the principles that America was founded on.Federal Reserve System Necessary. The United States shouldn't end the Federal Reserve system because it has proved beneficial for the nation throughout the years.
By abolishing this system, the country wouldn't weather economic turndowns as effectively. End the Fed is a book by Congressman Ron Paul of Texas. The book debuted at number six on the New York Times Best Seller list  and advocates the abolition of the United States Federal Reserve mi-centre.com: Ron Paul.
If you cherish truth, freedom, justice, and want to leave behind a better world for your loved ones then you must END THE FED! A free market, where each individual has the freedom to choose what form of money to use rather than one being forced on them, must be allowed to function in its place.
The Federal Reserve, “the Fed”, is the central bank of the United States of America that was created in by Congress. It is a banking cartel that has a government-granted monopoly on the creation of money and credit.
The Fed literally loans “money” (Federal Reserve Notes) into existence. End the Fed [Ron Paul] on mi-centre.com *FREE* shipping on qualifying offers. In the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of /5().Download