The following information is for your use. I don’t always agree with Ron; but, I listen to all corners because it gives you a better in site for the total picture because we don’t know who is telling the truth.
The Ron Paul Institute for Peace and Prosperity
Beware a New Cold War
The notion of a New Cold War with Russia first arrived in 2008 with the publication of Edward Lucas’ book The New Cold War: The Future of Russia and the Threat to the West. It received some attention at the time, but the cold war construct in its title gained little traction until the 2014. Since the Ukraine has been in crisis the phrase “a New Cold War” has become fairly commonplace in the media. Part of the reason for this is that the emotional memory of the Cold War is still strong and ‘cold war’ remains an easy, ready and convenient trope for media commentators in need of dramatic content. However, we should be concerned with more than rhetorical overreach by writers of headlines, book titles and opinion pieces.
23 January 2015 read on…
A Second Even More Unjustifiable Episode of Government Collection of Phone Records
In the rush to sensationalize the Paris terrorist attacks and minimize all other news (for example, even more horrendous terrorist attacks in Nigeria), the American media has conveniently overlooked one major ill effect of the public hysteria it is helping to foment.
23 January 2015 read on…
The Ambiguity of Charlie Hebdo: France Under the Influence
The Charlie Hebdo terrorist assassinations struck France at a moment when it has an unpopular government and a weak President, when factories are closing and jobs are being lost, when French economic policy is determined by Germany via the European Union and its foreign policy is determined by the United States via NATO. Except for the therapeutic moment of togetherness on January 11, the country feels buffeted by winds of conflict it cannot resist.
21 January 2015 read on…
Ron Paul: The Real State of Liberty 2015
Watch Ron Paul deliver his new speech on the state of liberty in the US. You can find the complete text of his speech here.
20 January 2015 read on…
The Danger of an MH-17 ‘Cold Case’
Now more than six months after the shoot-down of a Malaysia Airlines plane over Ukraine, the refusal of the Obama administration to make public what intelligence evidence it has about who was responsible has created fertile ground for conspiracy theories to take root while reducing hopes for holding the guilty parties accountable.
20 January 2015 read on…
Why Should Charlie Hebdo Deaths Mean More Than Those in E.Ukraine?
The Western public justly condemns the murders at Charlie Hebdo, but continues to behave as if Kiev’s terror victims in Donetsk are “subhuman.”
19 January 2015 read on…
If the Fed Has Nothing to Hide, It Has Nothing to Fear
Since the creation of the Federal Reserve in 1913, the dollar has lost over 97 percent of its purchasing power, the US economy has been subjected to a series of painful Federal Reserve-created recessions and depressions, and government has grown to dangerous levels thanks to the Fed’s policy of monetizing the debt. Yet the Federal Reserve still operates under a congressionally created shroud of secrecy.
18 January 2015 read on…
Fed Asset Seizures Rollback Less Than Advertised
While headlines in Yahoo News and Raw Story blare, respectively, “U.S. attorney general bans asset seizure by local police” and “No more asset seizure: Eric Holder bans controversial ‘war on drugs’ tactic,” the truth is that United States Attorney General Eric Holder on Friday changed US Department of Justice policy in a manner that will result in at most a small rollback of asset seizures.
18 January 2015 read on…
Will New US Training Program Produce More ISIS Fighters in Syria?
US involvement in Iraq War 3.0 was initially sold as a limited, humanitarian rescue operation to save members of a religious minority the administration claimed were threatened by ISIS’s long march through northern Iraq. Who could object to rescuing a poor religious minority without sounding like a complete monster?
17 January 2015 read on…
Do You Believe it Was a False Flag? Ron Paul on Paul Craig Roberts’ Controversial Article
RPI Chairman Ron Paul was on NewsMax’s “Midpoint” program today to discuss how blowback should be considered a big factor in the recent attacks in Paris. French and US foreign policy has been very aggressive in the Middle East and the idea that there are no consequences to such actions makes little sense.
16 January 2015 read on…
Featured Articles
< Older Newer >
If the Fed Has Nothing to Hide, It Has Nothing to Fear
Written by Ron Paul
Sunday January 18, 2015
undefined
Since the creation of the Federal Reserve in 1913, the dollar has lost over 97 percent of its purchasing power, the US economy has been subjected to a series of painful Federal Reserve-created recessions and depressions, and government has grown to dangerous levels thanks to the Fed’s policy of monetizing the debt. Yet the Federal Reserve still operates under a congressionally created shroud of secrecy.
No wonder almost 75 percent of the American public supports legislation to audit the Federal Reserve.
The new Senate leadership has pledged to finally hold a vote on the audit bill this year, but, despite overwhelming public support, passage of this legislation is by no means assured.
The reason it may be difficult to pass this bill is that the 25 percent of Americans who oppose it represent some of the most powerful interests in American politics. These interests are working behind the scenes to kill the bill or replace it with a meaningless “compromise.” This “compromise” may provide limited transparency, but it would still keep the American people from learning the full truth about the Fed’s conduct of monetary policy.
Some opponents of the bill say an audit would somehow compromise the Fed’s independence. Those who make this claim cannot point to anything in the text of the bill giving Congress any new authority over the Fed’s conduct of monetary policy. More importantly, the idea that the Federal Reserve is somehow independent of political considerations is laughable. Economists often refer to the political business cycle, where the Fed adjusts its policies to help or hurt incumbent politicians. Former Federal Reserve Chairman Arthur Burns exposed the truth behind the propaganda regarding Federal Reserve independence when he said, if the chairman didn’t do what the president wanted, the Federal Reserve “would lose its independence.”
Perhaps the real reason the Fed opposes an audit can be found by looking at what has been revealed about the Fed’s operations in recent years. In 2010, as part of the Dodd-Frank bill, Congress authorized a one-time audit of the Federal Reserve’s activities during the financial crisis of 2008. The audit revealed that between 2007 and 2008 the Federal Reserve loaned over $16 trillion — more than four times the annual budget of the United States — to foreign central banks and politically-influential private companies.
In 2013 former Federal Reserve official Andrew Huszar publicly apologized to the American people for his role in “the greatest backdoor Wall Street bailout of all time” — the Federal Reserve’s quantitative easing program. Can anyone doubt an audit would further confirm how the Fed acts to benefit economic elites?
Despite the improvements shown in the (government-manipulated) economic statistics, the average American has not benefited from the Fed’s quantitative easing program. The abysmal failure of quantitative easing in the US may be one reason Switzerland stopped pegging the value of the Swiss Franc to the Euro following reports that the European Central Bank is about to launch its own quantitative easing program.
Quantitative easing is just the latest chapter in the Federal Reserve’s hundred-year history of failure. Despite this poor track record, Fed apologists still claim the American people benefit from the Federal Reserve System. But, if that were the case, why wouldn’t they welcome the opportunity to let the American people know more about monetary policy? Why is the Fed acting like it has something to hide if it has nothing to fear from an audit?
The American people have suffered long enough under a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit — and then end — the Fed.
kommonsentsjane
kommonsentsjane 