Why should we even end the Federal Reserve?

In 1913, congress successfully passed the Federal Reserve Act, which essentially established a central bank system and ended the control of the general currency by private banks. Today, the federal reserve keeps printing money, without any regulation, to pay for things that quite frankly, we can't even afford. Before the Federal Reserve was established, there was no income tax. The income tax was essentially created to pay to run the Federal Reserve system and later expanded to give people free medical care, personal retirement accounts and other unnecessary miscellaneous systems of entitlement.

You and I, your neighbor, your friends and anyone else are being robbed by this system of our hard earned money. Because of this constant abuse (printing money without any control), our money is worth less and less, year after year. This is the perfect environment for inflation, where the price of living increases, paying more money for things you really shouldn't. Want to know something else? In a recent Federal Reserve audit (which was a battle to request), it was shown that the Federal Reserve had given approximately 16 TRILLION dollars in bailouts WITHOUT the approval of anyone. We are all being robbed.

Check this out:



I mean, these are the people that are supposedly running our currency, yet have absolutely no idea what is happening with it. Are we seriously going to let this passively slip by?

This, ladies and gentlement, is the main reason our economy is heading for a collapse. You can try to create jobs, try to create nifty stimulus packages and so on, but as long as the Federal Reserve does what it does at the moment, we will keep crumbling. If the currency is not sound, the economy will not be sound, it's as simple as that.

Then there are the people that would argue that we can't remove the Federal Reserve immediately, that it's a bad idea, or what have you. The reality is, Ron Paul's plan is NOT to rid of the Federal Reserve in one day. It would logically take years to phase out the Federal Reserve. People may claim that we only need to reform the Federal Reserve, and even that may be plausible. But what people need to realize is that Ron Paul has been speaking out against the Federal Reserve and it's corruption for decades and only now are the American people realizing something is seriously wrong. Back in 2001, Ron Paul had been telling us how the Federal Reserve was creating a housing bubble. Eventually, he said (without any regulation) the housing bubble will burst, and be a contributing factor for an economic collapse. A fool, we called him. Crazy, we called him. But guess what happened? The bubble burst.



Now, Ron Paul is warning us that we are are heading for something much worse. I mean, think for a second. We have a Federal Reserve that keeps printing money without oversight, they keep devaluing our currency by continuously printing this currency without any proper assets to back the money up. You are printing this money that we do not have, by doing so you are creating a currency that loses it's value. Why are we doing this? We have to finance undeclared wars overseas, we have to finance upkeep of unnecessary military bases, we have to finance the aid we send all over the world, just to name a few. We don't have enough money for this, folks.

What kind of disaster does it take for us to finally start listening to Ron Paul? What will it take for us to understand and wake up?

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