Ron Paul Quotes About Federal Reserve

Quotes about: Federal Reserve

• It is no coincidence that the century of total war coincided with the century of central banking.

  Ron Paul

  War, Banking, Coincidence

  Chris Rossini, Ron Paul (2014). “Set Money Free: What Every American Needs To Know About The Federal Reserve”, p.116, Lulu.com

• If we stuck to the Constitution as written, we would have: no federal meddling in our schools; no Federal Reserve; no U.S. membership in the UN; no gun control; and no foreign aid. We would have no welfare for big corporations, or the "poor"; no American troops in 100 foreign countries; no NAFTA, GAT, or "fast-track"; no arrogant federal judges usurping states rights; no attacks on private property; no income tax. We could get rid of most of the agencies, and most of the budget. The government would be small, frugal, and limited.

  Ron Paul

  Country, School, Gun

• First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value.

  Ron Paul

  Money, Creating, Air

  YouTube Channel "voytechs"/"MSBNC - Ron Paul the fed caused the bubble", www.youtube.com. March 20, 2008.

• The greatest threat facing America today
  is the disastrous fiscal policies of our own government,
  marked by shameless deficit spending and
  Federal Reserve currency devaluation.
  It is this one-two punch -
  Congress spending more than it can tax or borrow,
  and the Fed printing money to make up the difference -
  that threatens to impoverish us by further
  destroying the value of our dollars.

  Ron Paul

  America, Government, Printing Money

• Prices are going up. Unemployment is continue to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve system.

  Ron Paul

  Unemployment, Financial, Federal Reserve

  "GOP Rivals Hit Obama on Foreign Policy Despite Bin Laden Killing, Hit Harder on Economy". www.foxnews.com. May 05, 2011.

• What's happening is there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out, so the people who get to use the money first, which is created by the Federal Reserve System, benefit, so the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.

  Ron Paul

  Money, Wall, Class

  Republican Presidential debate in Dearborn, Mich., www.nytimes.com. October 9, 2007.

• The Federal Reserve System is nothing more than legalized counterfeit.

  Ron Paul

  Historical, Federal Reserve, Counterfeit

• From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.

  Ron Paul

  Country, Money, Past

  "End the Fed". Speech to the US House of Representatives, www.lewrockwell.com. February 05, 2009.

• The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.

  Ron Paul

  Government, People, Taught

• I like Mitt Romney as a person. I think he's a dignified person. But I have no common ground on economics. He doesn't worry about the Federal Reserve. He doesn't worry about foreign policy. He doesn't talk about civil liberties, so I would have a hard time to expect him to ever invite me to campaign with him.

  Ron Paul

  Thinking, Hard Times, Worry

• Quantitative easing is just the latest chapter in the Federal Reserve’s hundred-year history of failure. (...) 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.

  Ron Paul

  Years, Long, People

• Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.

  Ron Paul

  Class, Dollars, Poor

  "End the Fed". Book by Ron Paul, September 16, 2009.

• There's been a coup, have you heard? It's the CIA coup. The CIA runs everything, they run the military. They're the ones who are over there lobbing missiles and bombs on countries. ... And of course the CIA is every bit as secretive as the Federal Reserve. ... And yet think of the harm they have done since they were established [after] World War II. They are a government unto themselves. They're in businesses, in drug businesses, they take out dictators ... We need to take out the CIA.

  Ron Paul

  Running, Country, Military

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