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View Full Version : CNN Front page: Ron Paul: Let the dollar prove itself




bobbyw24
10-30-2009, 06:24 AM
Editor's note: Ron Paul is an 11-term Republican U.S. representative from Texas who made a bid for the GOP presidential nomination in 2008. His book, "End the Fed," was recently published by Grand Central Publishing.

Washington, D.C. (CNN) -- A growing number of Americans are becoming aware of the Federal Reserve System, what it is, how it has precipitated our financial crisis, and how it continues to pursue policies that delay economic recovery and weaken the dollar.

The Fed's actions, combined with the federal government's bailout bills and stimulus packages, have struck a nerve in the American people.

http://i.cdn.turner.com/cnn/2009/OPINION/10/30/ron.paul.fed/story.ron.paul.gi.jpg

Recent polls have shown that more than 75 percent of Americans support efforts to audit the Fed, something which my bill, HR 1207, the Federal Reserve Transparency Act, aims to do. HR 1207 has the support of 304 members of Congress, and the Senate version of the bill, S. 604, is supported by 31 U.S. senators.

Fed Chairman Ben Bernanke has embarked on an ambitious program of monetary expansion, more than doubling the monetary base to almost $1.9 trillion and doubling the size of its balance sheet to over $2 trillion, placing the American economy in a precarious position.

If all this excess money begins to be loaned out, the Fed risks

http://www.cnn.com/2009/OPINION/10/30/ron.paul.fed/index.html

Austrian Econ Disciple
10-30-2009, 06:41 AM
The second comment on that page makes me want to punch that guy. Though I would want to in my head, I surely wouldn't exercise that whim ;)

Oh well wheres the Thomas Jefferson quote when you need it?!