Ron Paul Wants to Abolish the Federal Reserve-Why

For more than 30 years now, Republican Texas Senator and candidate for Republican presidential nomination, Ron Paul, has proposed bill enactments for the audit of or destruction of the Federal Reserve. Why? Many Americans are under the misconception that the Federal Reserve is part of the federal government, and thus owned by the people of the United States. However, this is a grave and intentionally orchestrated misunderstanding.

The True Identity of a Global Monetary Monopoly

The Federal Reserve is in actuality a cartel of powerful families who own and exploit their banking interests on a worldwide scale. The major financial interests of a global cabal of banking influence controls the political affairs of any nation on earth that is under the international umbrella of Federal Reserve banking. The Federal Reserve controls US monetary policy and money supply, but does not answer to the people or the government of the United States of America. What does that mean? It means, in the strictest sense of the word, that our banking system is under foreign influence and that these extraneous entities have no allegiance to "We the People", as stated in the US Constitution.

A SAGA OF The True Hidden Agenda

What's wrong with a system of privately owned banking resources regulating our national banking policies and monetary supply? Well, for one thing, when a foreign alliance of private and financially powerful families have far reaching international power, you can bet that all of their interests are going to be concentrated on what's best for them, not the common man on the streets of America! You can count on their influence not only being universal, but formidable. Why? Because these power brokers who can have an impact on so many industries in so many different nations will do whatever it takes to see that their rule perpetuates itself for an indefinite amount of time, generations, decades, centuries, if possible.

On a Constitutional level, the concept of the United States government depending on a privately owned foreign entity to manage the nation's banking system is in violation of the law! The US Constitution clearly states that only Congress is authorized to mint coins and establish monetary policy within the boundaries of our nation. Our founding fathers never intended for European bankers to have any influence over American domestic economic affairs, yet we have that destructive force in our midst today!

The Basic Fraud Of Unsound Banking Practices

The practice of fractional banking utilized by the Federal Reserve allows for a faulty and dangerous form of lending compounding the profits of unsafe loans by minimizing liquidity (cash on hand) in order to maximize the inordinate amount of dollars loaned. From ratios of 30 to 1 to 100 to 1 the Federal Reserve System of lending guarantees that the banking interests are secured while manipulating the economy to fall into inflationary and recession cycles guaranteeing profits while the economy fails. What does that do to the common citizen struggling to make a living, raising a family, or running a small business? It creates havoc! This roller coaster effect of up and down economic fluctuations only enhances the interests of the Federal Reserve as it grants low interest loans than dries up the money supply and charges steeper interest rates while holding the borrowers hostage through collateralizing their property.

How Emerging Nations Become Victimized

But, it doesn't stop just there. Entire nations become collateralized as massive loans are made available to Third World Countries who need money to help realize their natural resources to provide for their undeveloped populations while the insidious banking influence manipulates all aspects of business to insure they will fail or fall into the kind of difficulties that insure default. When that happens these small nations are owned by the banking cartel and are forced to use their only resource left to pay the deficit, the lives of their citizens. The common man will inevitably pay through taxation collected by the governments and funneled to the private banking families whose empire only grows more powerful.

Coercion replaces an honest business relationship. Wars are fabricated over power and influence. Political factions are turned against each other to do the bidding of the international banking cabal that now uses its influence to start the conflicts, assassinate the leaders to create instability and hate, then will finance the weapons that it takes to fight these artificially created wars that constantly brew all over the face of the earth.

A History Of Resisting Transparency

Why do you think that the actual business of the Federal Reserve is veiled in such secrecy? Why is the myth of the private banking cartel allowed to be mistakenly associated as being a branch of the federal government? Why have Allen Greenspan and Ben Bernanke of the Federal Reserve resisted efforts by Ron Paul to have the financial activities of this abominable alliance audited? For 30 years Senator Paul has fought for the authority of the federal government to oversee the secretive financial world of this ominous monetary force that has economically crippled America by bankrupting the nation in the 1930's in the midst of the Great Depression. In doing so, the American people now pay homage to that unseen all powerful entity with excessive taxation that threatens to overburden every taxpayer with draconian regulations, incomprehensible laws, financial stress, and burdensome taxes.

The truth is that we Americans are suffering the very legacy of serving our invisible masters through taxation without representation, high interest rates, banking rules that overwhelmingly favor the lender, and the manipulated bill enactments of a federal government that has been influenced to legislate in the best interests of these bankers stealing our life blood from us! Our Federal Reserve without our purview or permission lends billions to European nations who are collapsing thanks to unsound banking practices.

Shocking Revelations Of Secret Activity

The results of the very first audit that was finally voted into law revealed that the Federal Reserve had made 16 trillion dollars in loans at zero interest to numerous foreign banks from France to Ireland and other European entities. The GDP of the US economy was 14.5 trillion in 2010, and the unapproved loans of the Federal Reserve cartel will now be paid from the interest obtained from income taxes assessed to the American public! In essence, the Federal Reserve manufactures fiat currency; meaningless paper money that is not backed by gold, silver, or any other precious metal or commodity. The US dollar is merely credit created in Federal Reserve computers to meet the demands of the uncontrolled spending of the Democrat run US government under President Obama who continually proposes more and more deficit spending!

This is the unseen enemy of our nation. This is the disease that threatens to create massive rioting, catastrophic inflation, food shortages, higher taxes, devaluation of the US dollar, even martial law because these arrogant megalomaniacs, these invisible rulers who have financially enslaved the world, will stop at nothing to remain in brutal control of governments and people of the earth as they further erode the sovereignty of all populations, and all countries, with evil determination.

The Future Implications Of A Secretive Cartel

This is the real world that you live in with its inexplicable difficulties and degenerating standard of living. As you wonder why the law is becoming increasingly more dictatorial and difficult to comply with, the truth seems more elusive. This is the unyielding and complex landscape that you endure without knowing why it continues to worsen along with the phony explanations of your paid off politicians who have no answers only more taxes and ridiculously cumbersome laws. These are the traps that will ensnare you, your children, your grandchildren, and more if you do not stand up to this injustice. Get educated, and find out how you can fight back