Economy and Finance

Ron Paul Showdown: ‘The Destruction of the Currency Destroys the Middle Class’

Published on July 19, 2012

In his final showdown with Ben Bernanke appearing before the House Financial Services Committee, 2012 Presidential candidate Ron Paul discusses the problems of the Federal Reserve system and advocates for transparency of the secretive central bank.

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Dr. Paul explains that the creation of money by the Federal Reserve destroys the value of the currency, shrinks the middle class, and enriches banks. “The system is biased against the middle class and the poor,” he says.

Dr. Paul pushes for a full audit of the Fed, an effort that Bernanke opposes. Dr. Paul believes his audit bill is the first step towards a solution and predicts the economic crisis, caused by the Federal Reserve, is far from over.

Originally published at BullSource.com; sourced via The Daily Crux

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Ron Paul Showdown: ‘The Destruction of the Currency Destroys the Middle Class’

Economy and Finance

Ron Paul Showdown: ‘The Destruction of the Currency Destroys the Middle Class’

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