Ron Paul Liberty Report - Weekly Update --- Forget the Russians - It’s the Federal Reserve Seeking to Meddle in Our Elections
Aired: 2019-09-04
Duration: 04:00


=== Federal Reserve's Monetary Manipulation (02:03) ===

[00:00:03]  Hello everybody and thank you for tuning in to the weekly report.
[00:00:07]  Forget the Russians, it's the Federal Reserve seeking to meddle in our elections.
[00:00:12]  The U.S. Constitution never granted the federal government authority to create a central bank.
[00:00:18]  The founders, having lived through hyperinflation themselves, understood that government should never have a printing press at its disposal.
[00:00:27]  But from the very beginning of America's founding, the desire for a crony central bank was strong.
[00:00:33]  In fact, two attempts were made at creating a permanent central bank in America prior to the creation of the Federal Reserve.
[00:00:41]  Fortunately, the charter for the first bank was allowed to expire in 1811, and President Andrew Jackson closed down the second bank in 1833.
[00:00:54]  But unfortunately, a third attempt was successful and the Federal Reserve was unconstitutionally created by Congress in 1913.
[00:01:04]  Americans have been living under a corrupt and immoral monetary system ever since.
[00:01:09]  The Federal Reserve is the printing press that financed the creation of the largest government to ever exist.
[00:01:16]  Endless welfare and endless military spending are both made possible by the Federal Reserve.
[00:01:22]  The Fed can just print the money for whatever the U.S. establishment wants, so those of us who long for a constitutional and limited government have few tools at our disposal.
[00:01:35]  Despite all the propaganda claiming independence, the Fed has always been a deeply political institution.
[00:01:42]  Because the Fed is a government-created monopoly with key government-appointed employees, its so-called independence is a mere fiction.
[00:01:52]  However, the U.S. Congress created the Fed with legislation.
[00:01:56]  It can also abolish the Fed with legislation.
[00:02:01]  Last week, the façade of the Federal Reserve independence was dealt a severe blow.

=== Fed's Fictional Independence (01:53) ===

[00:02:06]  Ironically, the person who broadcast to the world that the Fed is anything but independent was ex-New York Fed President Bill Dudley.
[00:02:17]  Dudley wrote that, Trump's re-election arguably presents a threat to the United States and global economy.
[00:02:24]  And if the goal of monetary policy is to achieve the best term economic outcome, the Fed's officials should consider how their decisions would affect the political outcome of 2020.
[00:02:37]  The timing of Dudley's threat to use Fed monetary policy to affect the outcome of a U.S. election couldn't come at a more striking time.
[00:02:47]  After all, for more than two solid years, Americans have been bombarded with fabricated stories about Russians rigging our elections.
[00:02:56]  And yet here it is a Federal Reserve official threatening to do the same exact thing, but this time for real.
[00:03:04]  Whether it's the mainstream media, the CIA, the FBI, or now the Federal Reserve, more and more Americans are waking up to the fact that there is a deep state in America and its interests have nothing to do with American liberty.
[00:03:22]  In fact, our liberty is what the deep state wants to abolish.
[00:03:26]  When it comes to the Federal Reserve, I stand firmly by my conviction that it needs to be audited and then ended as soon as possible.
[00:03:35]  America's founders were not perfect.
[00:03:38]  They were human beings just as capable of error as we are.
[00:03:41]  But they had a remarkable understanding of the ideas of liberty.
[00:03:45]  They understood that liberty cannot exist with a government that has access to a printing press.
[00:03:51]  Sound money and liberty go hand in hand.
[00:03:54]  If we want to enjoy the blessings of liberty, we must audit and then end the Federal Reserve.