| Ron Paul is right to see Fed as unconstitutional Edward Peters Ron Paul's crusade against the Federal Reserve has caught the eye of many curious onlookers. A physician at trade, Paul has delivered hundreds of babies in his lifetime. Now, he stands on the brink of abolishing a central bank that has caused all disasters in America. Also known as the Fed, this private organization is owned by its member banks, which in turn are owned by private stockholders. These private stockholders are made up of a few families, like an oligarchy. They print all paper dollars in the U.S. Paul thinks of this paper as a mere illusionary note with no intrinsic value. And being a strict constitutionalist, he would argue that only Congress holds the power to coin monies, as it was written in the Constitution. So the issue remains today, as it did back in America's infancy: Powerful, central banks that are controlled by an anonymous few pose a grave threat to America's freedoms and liberties. Paul is bringing light to these key issues, but much to his dismay, it seems no one is really listening. He plays a unique role in this election nothing out of the ordinary, but surely fascinating.
In a good majority of the Republican debates, Paul was the victor, according to the public. Internet blogs and videos, especially on YouTube, are more supportive of Paul's bid for candidacy than any other nominee. His Internet base is a massive fortress filled with isolationists, anti-globalists and conspiracy theorists that are all fervent and passionate about his cause. The fascinating but obvious thing about him, like all other scapegoats before, is that he is meant to wallow in the bottom, no matter how much the public loves him. It must be frustrating that such a strong support base can only produce a minuscule percentage of the votes. This is why Ron Paul is the symbol of everything that is wrong with the system. His arguments are valid, but I sometimes wonder if he's just another crony. Why would such a popular candidate get so little votes? One thing is clear - He has passionately expressed his disdain for the Fed and this is why his fan base is so large. Paul, like many conspiracy theorists, preaches that under the Fed, Americans are slaves to debt. This is due in large part to the "loan with interest" method. By loaning credit to the government, they are repaid tenfold due to interest rates. The larger a debt is in the economic state, the richer these anonymous moneylenders become. So clearly, the Fed has usurped the government. Some call the organization a cult, but whether this is true or not, only the imagination can tell. It is not unreasonable to conclude then, that the system has surely failed. Not because it needs a new set of rules or rulers, but because it is incapable of achieving its stated goals. If an institution is incapable of achieving its goals, there should be no reason for its existence. And if Paul miraculously becomes the president, he damn well better keep good on his promises.
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