Ron Paul Discusses the Fed, Iran, Tea Party Protests and New Book

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by Ron Paul: The
Real Reasons Behind FedSecrecy

Long time advocate
of ending the Federal Reserve System, Ron Paul, sat down with Russia
‘s Marina Portnaya to discuss his views on the
United States Central Bank, Iran, the economy and many other domestic
issues currently occurring.

Portnaya immediately
began asking questions on House Resolution 1207 Federal Reserve
Transparency Act of 2009, which is a bill that would give Congress
the power to audit the Fed and has now reached just under 300 co-sponsors,
including all Republicans and 93 Democrats.

“The bill
technically removes all prohibitions to the Congress for not looking
into the Federal Reserve,” said Congressman Ron Paul. “They’re
allowed to audit, except for the important things they don’t
want to be audited for.”

Doctor Paul
introduced similar legislation in 1983, which prompted her to ask
why it has taken so long for Washington’s Representatives “to
get on board and move forward” with this type of bill. Paul
replies, “People weren’t worried enough.” He continued,
“Back then I was worried and I got concerned out of the 70s
because of the breakdown of Bretton Woods and that’s why I
ran out for Congress to talk about the financial situation, in that
it would get out of hand and cause too much debt and too much growth
of government. It would encourage the building of our empire and
yet people never felt panicked enough. Today they’ve felt very
concerned of what was happening. I wasn’t able to convince
my colleagues of it as much as the people heard about it and lobbied
their Congressman.”

Portnaya went
on to discuss the Obama administration wanting to give the Federal
Reserve more oversight and regulating power in which Paul chuckles
and responds, “It’s very ironic! I blame the Fed for almost
everything, at least the basic flaw in the inflationary bubbles
that we have.”

the Rest of the Article

the Ron Paul File

6, 2009

Dr. Ron
Paul is a Republican member of Congress from Texas.

© 2009 Digital

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