From Ron Paul: Why the Federal Reserve is corrupt and unconstitutional -- and should be shut down
End the Fed
by Ron Paul
The Federal Reserve: most people think of it as an
indispensable institution without which the country's
economy could not properly function. But in reality, it
constitutes the primary obstacle to a smoothly functioning,
prosperous American economy. In End the Fed, eleven-term
Texas Congressman Ron Paul reveals why.
(continued from above) End the Fed draws clear and enlightening lessons from
American history and economics, as well as fascinating
stories from Paul's own long political career to
demonstrate that the Fed is not only profoundly corrupt --
it's also simply unconstitutional. He illuminates a truth
that most people don't realize: that the Fed -- created by
the Morgans and Rockefellers at a private club off the
coast of Georgia -- is actually working against their own
personal interests. Contrary to common myth, the Fed
doesn't stabilize the business cycle, control inflation,
maintain a solvent banking system, or regulate the
financial system. Paul shows that as it inflates currency
today at nearly a Weimar or Zimbabwe level, America is on
the brink of an inflationary depression in which $100 bills
will be worthless.
Shutting down the Federal Reserve, argues Paul, would
address the most vexing problems of politics of our time:
it would bring an end to dollar depreciation; take away
from the government the means to fund ill-considered and
ultimately disastrous military adventures; curb a rapacious
central government's attacks on the civil liberties of
American citizens; stop its vast debt accumulation that our
children and our children's children will be paying for;
and arrest the out-of-control expansion of the welfare
state that has made us into a nation of dependents.
Paul, a controversial candidate for the 2008 Republican
presidential nomination, has devoted his political career
to the defense of individual liberty, sound money, and a
non-interventionist foreign policy. Now he reveals why
there is a growing social movement, and even a political
movement, dedicated to ending the Fed. His urgent appeal to
all citizens and public officials in End the Fed tells us
not only where we went wrong, but also what we need to do
fix America's economic policy for future generations.
Ron Paul in End the Fed proves that in our post-meltdown
world, it is irresponsible, ineffective, and ultimately
useless to have a serious economic debate without
considering and challenging the role of the Federal
Reserve. That's why End the Fed maps out not a path to our
nation's recovery that is not just an option, but a
necessity.
The truth about the Fed:
The one truly dangerous power that the Fed -- and no
other government agency -- has
How only an understanding of how the monetary system
works can keep economic booms and busts from
benefiting the greedy and victimizing the innocent --
and protect the victims caught in a vicious economic
downturn
Why, in order to understand money, one absolutely must
understand what a central bank is all about -- in our
case, the Federal Reserve
Why solving the money monopoly problem by ending the
Fed will solve many other problems as well
How ending the Fed would put the reeling American
banking system on solid financial footing
How many of the people, including members of Congress,
who are supposedly in charge of monitoring our
financial system are surprisingly ignorant of even the
most basic aspects of how that system works
Why no government policy, when it goes wrong, is more
dangerous to the very life of a nation than bad
monetary policy
How every banking panic in U.S. history has led to
greater centralization -- and why a system that is
mixed between freedom and state control is inherently
shaky and weak
Why the Fed was established -- and how many of the same
false assumptions were prevalent then that are doing
so much damage to the economy today
How the lowering of interest rates by central banks
creates an illusory prosperity, a false boom
How the market is capable of sorting out the economic
mess created by government meddling and central banks
-- if it is permitted to operate
Why imposing wage and price controls is the last thing
we need government to do
The federal government's many broken promises
regarding gold backing of the dollar -- and how the
American people are paying for those broken promises
today
How the poor were deceived into believing that
government force could get them a home without their
saving a penny -- and why the collapse of this scheme
was inevitable
Why those who orchestrate and benefit from inflating
the currency are no better than counterfeiters
Why so few understand or decry the redistribution of
wealth that is being undertaken through government
force in the Obama Administration
Proven false: the common belief that if the gold price
can be held in check, even artificially, this will
convey confidence in the currency and the banking
system
How, without economic strength and currency
superiority, American military might will be steadily
diminished
Why, the longer we delay a conversion to sound money
and away from central banking, the worse our crises
will grow, and the more government will expand at the
expense of our liberties
How the bankruptcy of socialism and statism is
becoming clearer on every new day of the Obama
Administration
"[Ron Paul is] the Thomas Jefferson of our day." -- Judge
Andrew Napolitano
"[Ron Paul] cannot be bought by special interests." -- New
York Post
"Rarely has a single book not only challenged, but
decisively changed my mind." -- Arlo Guthrie
"Everyone must read this book -- Congressmen and college
students, Democrats and Republicans -- all Americans. The
Federal Reserve, which serves private banks, has
compromised our economy and is undermining our freedom. It
can and must be stopped now. Ron Paul shows us how and why
we must end the Fed. Read this book!" -- Vince Vaughn
Elizabeth Kantor, the Club's editor-in-chief, comments on conservative issues and conservative books of note.
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