Summary: “End the Fed” by Ron Paul скачать в хорошем качестве

Summary: “End the Fed” by Ron Paul

Summary of "End the Fed" by Ron Paul • The U.S. Federal Reserve can create unlimited sums of money, which amounts to legalized counterfeiting. • The Fed manipulates interest rates, bails out failing banks and gives the government carte blanche to spend on wars, stimulus packages and entitlements. • Many of the Founding Fathers believed letting the government issue paper money would lead to tyranny. • The U.S. enters into wars and foreign affairs without having to tax or save. • Banks engage in risky business because they face no “moral hazard” as a result of their activities. • Politicians promise entitlements because they don’t worry about how to pay for them. • Creating and spending money that is not derived from productivity and trade is an immoral policy. • The more government acts as a safety net, the less freedom Americans enjoy. • Currency that is not backed by gold or silver is unconstitutional. • The U.S. money and credit markets practice socialism. Disclaimer - Video is for educational purpose only. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favour of fair use.