Although I do not agree with some tenets of Libertarian thought, I must say I find Ron Paul's latest sponsored bill, HR 1207, is one which I find more than intriguing. In essence, Ron Paul's position is the Federal Reserve bank has done more harm to our economy than good. Therefore, his new bill asks to audit the Federal Reserve, and once the audit is brought to the American people . . . we end the Federal Reserve.
I am not going to get into my views of the Federal Reserve today other than to say I read a book titled "The Creature From Jekyll Island" which is an in depth review of how the Federal Reserve was created. What I learned from that fascinating book is the Federal Reserve is neither a Federal bank, nor an official branch of the U.S. Government. What it is . . . and the vast majority of Americans do not understand this . . . is a bank that all banks seek loans from. In essence, it is the speaking serpent's head of a giant cartel of the country's (and world's) largest moneychangers, i.e., the banking cartel.
That said, Ron Paul's new bill is discussed in the following video which culls clips of Ron Paul presciently speaking in 1999 about a new bubble forming (the Housing Bubble) and the dangers of Freddie Mac and Fannie Mae. You will hear Ron Paul and others talking about how the Bush/Obama bailouts are nothing more than bailouts of Paulson's and Geithner's former employers.
Lastly, after you view this short video clip, you can then click on the this link to read Ron Paul's latest thoughts on ending the Federal Reserve titled, "Audit the Fed, Then End It." It's brilliantly concise and well written, even if you do not agree with his opinion:
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