Ron Paul: Fed has had too much power since 1913

Ron Paul: Fed has had too much power since 1913


CHARLES: WELL, PRESIDENT TRUMP NOT LETTING UP ON HIS ATTACKS ON THE FEDERAL RESERVE. PRESIDENT TRUMP ALSO CALLED FOR THE FED TO CUT RATES, TO BRING DOWN THE VALUE OF THE DOLLAR, SO IT WOULD HELP OUR GREAT AMERICAN COMPANIES COMPETE AROUND THE WORLD. FOR MORE ON THIS I WANT TO BRING IN FORMER TEXAS CONGRESSMAN, A MAN WHO MADE IT HIS MISSION TO END THE FED, RON PAUL. RON PAUL, THANK YOU FOR JOINING US.>>GOOD TO BE WITH YOU, CHARLES. CHARLES: FIRST OF ALL, THE IDEA THAT THE FED IS IN THE NEWS ALL THE TIME, I REMEMBER A DECADE AGO ONE PERSON FIGHTING THIS CRUSADE. YOU MAY HAVE A FEW MORE BELIEVERS ON BOARD.>>THAT’S TRUE. THAT MAY BE A BAD SIGN, IF OTHER PEOPLE ARE GETTING WORRIED, THEY KNOW ABOUT WHAT I THINK, YOU TALK ABOUT THE POWER OF THE FED, THEY HAVE HAD TOO MUCH POWER SINCE 1913. THAT REASON WHY I GET WORRIED ABOUT THIS, THE POWER THAT THEY HAVE, THEY DON’T HAVE A CORRESPONDING AMOUNT OF KNOWLEDGE. THERE IS WARNING ABOUT THE PRETENSE OF KNOWLEDGE, THEY JUST DON’T KNOW THESE ANSWERS. THIS WHOLE IDEA THEY KNOW WHAT INTEREST RATES SHOULD BE, THEN THEY LOSE CONTROL, THEY SAY MAYBE WE OUGHT TO BE NEGATIVE OR DOWN TO ONE. THEN WE COMPLAIN ABOUT OTHER PEOPLE HAVING RIGGING THEIR CURRENCY AND LOWERING THE VALUE, I DON’T THINK THERE IS ANY CONTROL UNDER THE SITUATION. I DON’T THINK SOMETHING THAT IS SOMETHING THEY CAN’T KNOW. YOU DON’T KNOW WHAT INTEREST RATES SHOULD BE. THEN THERE IS A LOT OF RAMIFICATIONS FROM THIS. THE BIG THING THAT ANNOYS ME, IS HOW THEY FACILITATE BORROWING MONEY. CAN YOU IMAGINE, CHARLES, IF THEY COULDN’T GO TO THE FED, THE FED WASN’T THERE, THEY COULDN’T WORK ON INTEREST RATES, YOU HAVE A TRILLION DOLLARS DEFICIT? THE WHOLE THING WOULD BE OVER. IT IS ALL ARTIFICIAL AND MALINVESTMENT GOES ON. CHARLES: RIGHT.>>THE PUBLIC WE HAD IN ’08 AND ’09 IS TYPICAL. I DON’T THINK WE REALLY RECOVERED. WE HAVE TO FACE UP TO THE FACT THAT THEY ARE GOING TO COME BACK. CHARLES: TO YOUR POINT 1913 WE WERE PROMISED AN END TO THE VICIOUS BUSINESS CYCLE, THE WILD GYRATIONS. SINCE THEN I HAVE LOST TRACK HOW MANY RECESSIONS WE’VE HAD. WE HAD A GREAT DEPRESSION AND GREAT RECESSION MORE RECENTLY. THE FED HAS TAKEN ON MORE POWER SINCE THE GREAT RECESSION, CONSUME PROTECTION AND WANT A PAYMENT SYSTEM. WHO IN WASHINGTON, D.C., WILL REAL THEM IN? THEY SEEM LIKE UNACCOUNTABLE BODY, BUT THE MOST POWERFUL UNACCOUNTABLE BODY ON THE PLANET?>>I THINK A LOT OF PEOPLE I MET IN CONGRESS WEREN’T TOO INTERESTED. I HOPE I GOT THEIR INTEREST PERKED UP A LITTLE BIT BUT THEY DON’T UNDERSTAND IT, EXCEPT FOR THE FACT THAT THE LEADERSHIP UNDERSTANDS IT, BECAUSE CONSERVATIVES AND LIBERALS GET TOGETHER AND THEY HAVE TO SPEND MONEY, GET THAT BUDGET THING. THIS IS TYPICAL EXAMPLE. PELOSI, TRUMP GET TOGETHER, YOU RAISE THE MILITARY, WE’LL RAISE THE WELFARE. DON’T WORRY ABOUT THE DEFICIT. SPEND MORE AND MORE MONEY. AND COMPLAIN ABOUT THE FED, BECAUSE THEY’RE NOT SOLVING THE PROBLEM. CHARLES: TO THAT POINT I WANT TO JUMP IN FOR ONE SECOND BECAUSE I HAVE GOT TO ASK YOU. WE HIT ON THE POINT, THE MODERN MONETARY THEORY. WE HAVE BOTH SIDES OF THE AISLE SAYING DEFICITS DON’T MATTER. FEELS TO ME WHAT THEY’RE SETTING UP, IS SOME SORT OF A WAY FOR THE FEDERAL GOVERNMENT TO DICTATE MONETARY POLICY TO PAY FOR “MEDICARE FOR ALL.” SO THEY CAN PAY FOR UNLIMITED MILITARY BUDGETS. FEELS LIKE BOTH SIDES WOULD LIKE TO FIND A WAY TO TAP INTO THE ABILITY, THE FED’S ABILITY TO PRINT MONEY OUT OF THIN AIR.>>THEY DO A LOT OF THAT NOW ALREADY AND THEY ARE GOING TO ESTABLISH IT EVEN MORE SO I THINK THAT IS BASED ON WISHFUL THINKING BECAUSE A LOT OF TIMES, EVERYTHING THAT WE’VE DONE IS A NEGATIVE. I THINK LAST WEEK WAS SO SIGNIFICANT ABOUT THE END OF ALL THIS PRINTING MONEY AND MODERN MON TERRY THEORY — MONETARY THEORY, WHEN THE INTEREST RATES WERE LOWERED A QUARTER OF A POINT, IT WAS SUPPOSED TO BE HALF A POINT, HYSTERIA BROKE OUT. WHAT IS GOING ON THERE? I THINK THAT IS A SIGNIFICANT EVENT. IT TELLS HOW BAD IT IS. AND I THINK THIS, IDEA THAT YOU CAN HAVE ENDLESS SPENDING, THERE IS A LIMIT. IT IS JUST AMAZING THAT THE WORLD NEEDS DOLLARS, THEY WANT US TO DO THAT. WE BAIL THEM OUT. WE HAVE A MILITARY POWER, WE HAVE TO PROTECT EVERYBODY. IT IS NOT GOING TO QUIT. IT IS AN ADDICTION. THE ADDICT ALWAYS NEEDS MORE AND MORE. THE POLITICIAN IS NOT GOING TO ALLOW IT TO BECOME READILY APPARENT THAT THE ECONOMY IS IN BIG TROUBLE AND AT THE DIDN’T SOMETHING. EVERYBODY HAS TO DO SOMETHING. CHARLES: CONGRESSMAN PAUL, GOT TO TELL YOU, WHEREVER THE CLIFF IS WE’LL GET THERE ONE DAY, TO

97 comments

  1. Only the Free Market can determine interest rates, not a government board as in a socialist state. The only FED I'd trust would be one headed by Ron Paul.

  2. I would love to see Ron Paul as President one day. He would actually end the Fed. He knows the source of our problems in America.

  3. The Fed has to go, but remember there will be war. America was threatened by the Zionist that if we didn't allow them in they threatened war, so be ready. If war is worth ridding ourselves of them so be it.

  4. In 1907 the U.S. was in financial crisis, President Theodore Roosevelt learnt the banking system from Europe and wanted to create the central bank in US. He submitted the plan to the Legislature for approval and it was approved until 1013. It was first supposed to name the Central Bank of US, but there was a bank in New York got a similar name. To avoid confusing, they named the Federal Reserve System instead. We had a lot of financial turmoil back then, latter there was the Great Depression from 1929-1934. After the British economist John Mayer Keynes who intensively studied the Great Depression introduced the new economic theory involving the unemployment, the price and the wage and the output. From that the Fed have the independent power on monetary policy under supervision of the Congress. No economists were sure about the future of the US economy in the long run, most of the time they only predicted the outcome about 70% chance to be right. But with that % of the prediction, that would be a dam good. If you predict 70% correctly on the New York Stock Exchange outcome, you will be very rich!! So far what I have seen was only Ben Bernanke was the best chairman of the Fed from the Ronald Reagan Adm. to Obama Adm.

  5. well I hope Trump is very protected because if he's going to take on the Federal Reserve this could end up like John F Kennedy he wanted to take them on as well and he's not here no more so everyone pray for the president because when your message Federal Reserve you might as well be messing with the world Mafia

  6. of course they took on more power and they changed how they take your taxes without making it a law but you're threatened with law meaning taxes were only supposed to come out of profits they were not never ever ever intended to come out of your income so any profits such as Google Facebook Amazon Walmart Macy's so on and so forth all their profits that's who's supposed to be paying into the Federal Reserve not the average $7.25 an hour person who barely makes 250 a week that's not how it was meant to be and somehow the greed and Corruption took over and it's been going on ever since 1913

  7. They have the money.Thats why the have the power.All the money belongs them.When they want it back they raise the interest rate.They even charge to print out money.

  8. A Privately Owned Central Bank is a Clear and Present Danger. Read G. Edward Griffin's The Creature from Jekyll Island.
    End the Fed !!

  9. THE CROOKS ARE STEALING VALUE FROM THE MONEY WE HAVE ALREADY EARNED Thats why they took us off the Gold Standard. It was impossible for them to print more Gold and STEAL VALUE from the Gold we already owned.

  10. Ron Paul will go down with Epstein. I figured out Ron Paul was placed when Obama ran in 2008 and 2012 as controlled opposition. Obama always said he wanted a wall, when he never did, he wanted to keep trafficking children…Ron Paul introduced the idea walls could be meant to keep you in. Obama and Paul were playing off of each other to convince you not to want a wall. There are other deceptions as well.

  11. The Fed in conjunction with the IRS is an enslavement mechanism. The group that own the Fed were responsible for 911.

  12. Charles . . .
    You need some help with your history Dude . . .
    The Federal Reserve System, (FRS), is a Treaty organisation. Their entire operation is solely under Treaty Law and the rules of protocol. The US Fed is a franchise of the FRS. The US Fed is under the same protections offered under Treaty Law. This means there is no legal power, authority or court process within our US Government political system, at any level, that has the legal right or power to cancel the existing US Fed Treaty. While it's true the US Government has legal recourse for cancelling the US Fed Treaty it has with the FRS, such action is only legally permissible after the US pay their outstanding debt obligations to the Federal Reserve System. Currently, the US Government's debt obligation to the FRS is calculated well in excess of $1 quadrillion dollars. At current US economic performance levels, it would take the US Government well in excess of 100 years to repay their debt.
    On another parallel note, it's worth carefully considering the logic behind China's plan to collapse the US Dollar; usurp control of the US Fed; move the US Fed to Beijing, and renaming it the "China Federal Reserve".
    If the US Fed is so bad, so corrupt and sinister, why is it China is so determined to wrangle control over it, instead of destroying it?
    Imagine if you will the consequences of a China Federal Reserve? Effectively, this would give China sole legal authority over the global monetary system in its entirety. In turn, the US would be forced to give up all rights, claims and authority over the US Dollar past, present or future. The US currency system would be legally restructured under a new currency issuance, "US Treasury Note". This change would alter our world forever. The US would become little more than an average performing economy with the rest of its neighbors in the America's. Some might view this as quaint, but the reality would be catastrophic . . .
    Worth thinking over . . .

  13. Delegated for Dr. Paul in 2012. Wish he would have been president. It’s a shame what the RNC did to him back then.

  14. They sank the Titanic to gain more control with the Fed.
    Every rich person who was against globalized money died in that wreck.

  15. The FED was legitimized in early 1900's after shady dealing that led people to do a run on state banks. That secured the centralized banking industry.
    But the FED really got started during the civil war when Lincoln's Union army was running out of funds. Money was borrowed for the war fund with the intent of being paid back as soon as possible. Unfortunately, or coincidentally, Lincoln was assassinated before he was able to pay back the debt. Thus securing our nation's continual enslavement of debt to the banking industry.
    True story!

  16. The Fed is a cabal of bankers who run the country. The President and Congress have no control over the Fed.

  17. Down with the fed. They are not for america. They are for socalism and communism. Close the fed down. Replace our money With gold and silver certificates as it was. SCREW THE DAMNED FED.

  18. We're getting ready to the federal Treasury Department they're part of the global in the Deep State we don't want them no more they're done

  19. Has anyone noticed that Fox News has disabled comments on their reporting of pedophile Epstein's (fake) suicide. Epstein must have bought off the corrupt politicians in the US or was threatened by them. Has FOX news become fake? Fox News spoke volumes when they disabled comments JUST on the Epstein fake (?) reporting.

  20. So China is a currency manipulator, but Trump wants the fed to cut rates. Is that the same this as currency manipulation?

  21. Ron, tell your son to stop voting against Trump when he's trying to secure the borders.
    Your son is a RINO, unfortunately.

    I was a big supporter of his until last year.

  22. Finally doing well with interest on my savings and THE other's SAVERS
    $6 TRILLION in USA, WE DON'T trust stock market
    And NOW again bringing it DOWN.California RENT , JUST WENT UP ,4 percent
    Social security finally went up a bit, the rest taking by Medicare
    AMERICA HAS NOT change MENTALITY SINCE THE FIRST. CRUSH of 1920s
    PEOPLE DON'T SAVE FOR TOMORROW, SHOP TILL
    YOU DROP, TO. MAKE POWERFUL CHINA
    STRONG WITH OUR
    DOLLARS

  23. no kidding…really?
    get in your time machine and stop the FED Act….or stop worshiping money.
    right wingers are insanely steeped in hypocrisy.

    maybe you should just focus on riling up mass shooters. you're good at that.

  24. The fed is there to make sure congress and or Trump don’t bring interest rates down to -5% in a healthy economy… interest rates should be around +5% right now in my opinion. Can’t have our governments emotion swings dictating monetary policy. Keep the fed.

  25. Remember when Andrew Jackson opposed a central bank in America? How he shut down 3 central banks and a failed assassination attempt as a result?

    Let's call it the federal reserve that way it doesn't sound like a central bank

  26. Financiers, mostly from Israel, own every sitting RNC & DNC member.
    That's why you see you unanimous funding support for Israel while America's infrastructure sits in shambles👌

  27. Do you think giving private companies the power to create money, hyperinflate the majority into rental homes, aquire most of the world's resources, and hold the government's to ransom with a fractional reserve system may have been a bad idea?

  28. Hea right. How does it make sense to have he fed controle everything. At one point it was illegal to own gold to force people to the dollar. The land of the free lol

  29. It benefits this greedy goblin because gold will skyrocket, what's the point of that when your bread cost 20 dollars a loaf.

  30. There is a video on You Tube "money masters – documentary" it's about 3.5 hours long about the history of the fed. It's good economic and history. Also, it has a way of paying off the federal debt!!

  31. No worries in the constitution does it say that you farm out the printing and coining of money to a private Institution it's totally unconstitutional our government is to print the money and print the coins gold and silver that's real money but what they're not telling you is United States went bankrupt in 1933 and is still bankrupt the agreement was they would pay our bills since there was no more money to pay a bill today you can only discharge a bill by signing your name and sending it back to them accepted for value

  32. They killed kennedy and thank the titanic. Fed is.most.likely controlled by rothschild. Wonder what they will do to Trump.

  33. The feds have too much power since 1913, but it wasn't a problem tell Trump started point our your crooked ways.

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