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"We should start ending the Fed by allowing competition," he said. "I don't like the fact that they have monopoly control. It's a cartel: they print the money. The Constitution really doesn't give them that authority. The Constitution said that only gold and silver can be legal tender. I want to legalize competition and allow individual Americans to use gold and silver in competition, as money. Today if you do that, you can go to jail."
"I don't like the idea that the power gravitates to the Federal Reserve. They literally can have a yearly budget bigger than the whole Congress, then what they do is kept secret. We don't know where they spend the money. We're just starting to crack that nut in order to get some of this information and we should continue to do it."
Originally posted by v1rtu0s0
Okay, seriously, how long before Ron Paul has an accident? I can see it now...
Originally posted by Whereweheaded
reply to post by v1rtu0s0
Don't you mean CNN, we distort, you decide, oh, I meant MSNBC, or was that CBS? Ahh heck, just pick one and run with it~
Originally posted by MrXYZ
I'm surprised at that statement because I didn't expect Ron Paul to make a statement that dumb.
It would be totally impractical to have gold/silver as currency. If anything, you could use gold as a reserve...like many banks have been forced in the past. If they'd been forced to have proper reserves in the first place, we wouldn't be in this mess.