'Two Percent Inflation' and The Fed's Current Mandate - Ron Paul Special Report

Ron Paul
2015-01-28 17:08:35
** Dear Subscribers:

Dear Subscribers:

We wanted to send you directly this special essay on the Federal Reserve by Ron Paul. In this Ron Paul Special Report, Dr. Paul takes a look at the history of the Federal Reserve and the way it helps maintain the welfare/warfare state Please read on!

We appreciate your support. Your donations are fully tax deductible. 

Daniel McAdams
Director, Ron Paul Institute
Is this email not displaying correctly?
View it in your browser.

'Two Percent Inflation' and The Fed's Current Mandate

Over the last 100 years the Fed has had many mandates and policy changes in its pursuit of becoming the chief central economic planner for the United States. Not only has it pursued this utopian dream of planning the US economy and financing every boondoggle conceivable in the welfare/warfare state, it has become the manipulator of the premier world reserve currency.

As Fed Chairman Ben Bernanke explained to me, the once profoundly successful world currency – gold – was no longer money. This meant that he believed, and the world has accepted, the fiat dollar as the most important currency of the world, and the US has the privilege and responsibility for managing it. He might even believe, along with his Fed colleagues, both past and present, that the fiat dollar will replace gold for millennia to come. I remain unconvinced.

Full article here: http://tinyurl.com/nc6y8c8
Watch the video of Ron Paul's speech here
Permission to reprint in whole or in part is gladly granted, provided full credit is given.

Our mailing address is:
PO Box 1776, Lake Jackson, Texas 77566