Happy belated 88th birthday (20 Aug.) to the good doctor,1He served as a flight surgeon for the U.S. Air Force (1963–65) and the Air National Guard (1965–68). In 1968 Paul moved to Brazoria county, Texas, where he established a successful practice in obstetrics and gynecology. Ron “End the Fed” Paul.
Representative Quote
This quote attributed to Dr. Ron Paul encapsulates how he rightfully represented his constituents as an eleven-term US congressman from Texas:
If we stuck to the Constitution as written, we would have: no federal meddling in our schools; no Federal Reserve; no U.S. membership in the UN; no gun control; and no foreign aid. We would have no welfare for big corporations, or the ‘poor’; no American troops in 100 foreign countries; no NAFTA, GAT, or ‘fast-track’; no arrogant federal judges usurping states’ rights; no attacks on private property; no income tax. We could get rid of most of the agencies, and most of the budget. The government would be small, frugal, and limited.
Dr. Ron Paul
Repeal 1913
In essense, the best solution to ~80% of our present day problems: Repeal 1913 and property taxes. Stat!
Moreover, in his book End the Fed, published in 2009, Dr. Paul wrote about the history of our central bank and provided reasons why it needs to be audited and then abolished, just like president Andrew Jackson did back in 1833.
President Ends Central Bank
Here are Andrew Jackson’s five reasons for ending the central bank:
- It was a dangerously centralized financial power
- It held an unconstitutional monopoly on finance that only helped the rich get richer
- It made the economy vulnerable to foreign and special interests
- It held too much influence over federal politicians
- It favored the North (where most financial centers were located) over the South and West
And Ol’ Hickory had this to say about our Republic’s second central bank, which he ultimately squashed, just as he said he would do:
Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!
Andrew Jackson
FED’s Performance: Chart
Lastly, here is the abysmal performance of the FED, which was established in 1913 as our Republic’s third central bank: its fake/fiat currency has lost nearly 98% of its purchasing power.
Footnotes
- 1He served as a flight surgeon for the U.S. Air Force (1963–65) and the Air National Guard (1965–68). In 1968 Paul moved to Brazoria county, Texas, where he established a successful practice in obstetrics and gynecology.
[…] essense, we have just presented one of many variants to the case of why the FED should be abolished, and the sooner the […]
[…] our clients gain a massive competitive advantage by leveraging our opinion about opportunities and risks across various industry […]
[…] Actually, if I were to run for office, I’d announce that my administration would not charge federal personal income taxes and would only use gold and silver coinage,2One may still use pieces of paper or electronic forms to represent physical and silver coinage; the metal would be exchangeable for the representations upon demand, just like our Republic has done for more than half of its existence. just like the Constitution requires. Basically, I would eliminate, using an executive order if necessary, the most insidious parasites: The Federal Reserve Bank (that is, fiat currency and fractional reserve banking) and federal personal income taxation. They are two sides of the same coin, after all, as I wrote last August for Ron “End the Fed” Paul’s birthday. […]