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Home Mediji Vijesti Al Jazeera: Ron Paul Revolution - End The Fed

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Is it true that the worst economic recession in the world history is over?

Maybe, but not for you...


The role of the US on the world stage has always been making headlines.

One of the most powerful US organisations that has a direct impact on the global economy is the Federal Reserve.

Some argue that the Federal Reserve is creating a dangerous financial scenario for the US and the world.


Ron Paul is author of the book "End The Fed".

Only five or six years ago, the people that were talking about the Federal Reserve were considered geeky. They were right, but they were geeks.

But now, most Americans, while they still don't understand the Federal Reserve, they at least know that something is wrong with the world and that central bank.

It is very important that people started paying attention to the Fed.

In practise, Fed create the money out of thin air and then buys treasury bills, later, treasury has to pay interest on those bills.

The foreigners are buying a lot less of American debt right now, and the Fed is buying a lot more.

The name of the Ron Paul's new book is "End The Fed", it is out and available to everybody everywhere.

Riz Khan of Al Jazeera talks to Ron Paul, an US Republican, congressman from Texas and author of the book "End the Fed".

He is also a man who introduced the HR 1207 Bill to audit the Federal Reserve, a medical doctor who ran twice for president of the US, as a Republican in 2008 elections and in 1988 as a nominee for the Libertarian Party.

 

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