Brace yourselves for hyper inflation. The Federal Reserve has announced its cranking up the printing presses and launching Quantitative Easing 3 (QE3). However, they are not doing it without someone standing up and reminding everyone just how bad this will make things and why. That someone has been doing it for at least three decades, Texas Congressman Ron Paul.
In an interview with Bloomberg, Paul reacted to the idea of more stimulus provided by the Federal Reserve by saying, . . . Read Complete Report
GOP leadership in the House of Representatives announced that legislation to thoroughly audit the secretive Federal Reserve, a wildly popular measure pushed by Rep. Ron Paul (R-Texas) for decades, will come up for a floor vote in July. Honest-money advocates and pro-transparency activists celebrated the news as a historic opportunity to rein in the central bank, which has come under heavy fire — especially in recent years — for debasing the U.S. dollar, manipulating markets, and showering big banks with trillions in bailouts.
The legislation, H.R. 459, already has over 225 co-sponsors in the House including an impressive roster of senior Democrats and Republicans, some of whom chair important committees. In the Senate, however, a similar bill has only about 20 co-sponsors so far, forcing Audit-the-Fed activists to wage a massive campaign aimed at exposing Senators who refuse to support transparency at the shadowy central bank. Polls in recent years revealed that four out of five Americans support auditing the Fed. . . . Read Complete Report