The Forum > General Discussion > End the Fed movement gathers momentum
End the Fed movement gathers momentum
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Congressman Dr Ron Paul began movement to put an end to this abomination which has corrupted Govt in the US by premoting wars so the Fed Res could loan money to the US Govt,who in turn buy weapons from the arms dealers.The Fed Res is also reponsible for inflatiing money by what is know as the fractional reserve system,whereby banks can loan out many times the amount of money they have in reserve.We are experiencing the results of this right now.
The Fed has such an all pervading influence in the US and world economy that the popular media will not dare question it's veracity."End the Fed" movement has now taken hold in the Universities and Ron paul has just introduced a bill that will allow Congress to audit its books.We shall soon see just how corrupted the political process has become in the US.
If our Govt wants to pay for it's stimulis packages by borrowing from this perverted system ,then it is unwise.If the Fed Res just conjures money from cybre space,why not let our own RBA do likewise?We should only go into more debt on our terms,not this totally corrupt,vile system.