Ron Paul on G 20 Summit and the bill to "End the Fed" - Sep 09.
See Ron Paul's comments on the 2009 G20 meeting .
Who is Ron Paul ?
Ron Paul is a US Congressman and former US President candidate serving on the House Foreign Affairs Committee, the Joint Economic Committee, and the Committee on Financial Services, where he has been an outspoken critic of American foreign and monetary policy. (See Ron Paul wiki)
He introduced bill "HR 1207 – The Federal Reserve Transparency Act of 2009" in Congress with the aim to have an independent body audit the actions of the US federal Reserve. The Bill is rapidly gaining popularity and more congressmen are supporting it.
He also introduced “HR 1348 – Federal Reserve Sunshine Act” To require the Board of Governors of the Federal Reserve System to publish information on financial assistance provided to various entities, and for other purposes.
Ron Paul has been a politician willing to publicly address the large, long term and structural problems that the US will have to address. His recent book “End The Fed” summarizes it best:
“In the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve.”
“Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in END THE FED, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed -- created by the Morgans and Rockefellers at a private club off the coast of Georgia -- is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.”
Taken from “End the Fed - Book Review” .