Product Description

In the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve.

Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in END THE FED, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed -- created by the Morgans and Rockefellers at a private club off the coast of Georgia -- is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.

Product Details

• Amazon Sales Rank: #184 in Books
• Published on: 2009-09-16
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 224 pages

Features

• ISBN13: 9780446549196
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

Review
"Rarely has a single book not only challenged, but decisively changed my mind. "
--Arlo Guthrie

"Everyone must read this book--Congressmen and college students, Democrats and Republicans--all Americans."
--Vince Vaughn

About the Author
Ron Paul, an eleven-term congressman from Texas, is the leading advocate of freedom in our nation's capital. He has devoted his political career to the defense of individual liberty, sound money, and a non-interventionist foreign policy. Judge Andrew Napolitano calls him "the Thomas Jefferson of our day."

After serving as a flight surgeon in the U.S. Air Force in the 1960s, Dr. Paul moved to Texas to begin a civilian medical practice, delivering over four thousand babies in his career as an obstetrician. He served in Congress from 1976 to 1984, and again from 1996 to the present. He and Carol Paul, his wife of fifty-one years, have five children, eighteen grandchildren, and one great-grandchild.

Ron Paul, the New York Post once wrote, is a politician who "cannot be bought by special interests."

"There are few people in public life who, through thick and thin, rain or shine, stick to their principles," added a congressional colleague. "Ron Paul is one of those few."

Customer Reviews

Ron Paul Hits a Homerun
Andrew Jackson ended his Fed in 1836. Ron Paul can do the same for us, if we make it possible. Read this book and work to end the central economic and political evil in America, the central bank that fuels recessions and depressions, the warfare state, the redistributionist state, and the police state. End the Fed!

not a Ron Paul fan
I am certainly not an avid Ron Paul supporter by any means, and in fact I disagree with him on numerous points. But, I have respect for him because he is one of the only politicians who seems to actually, truly believe what he says. I really respect that, it's refreshing. He seems to be unswayed by lobbies, outside influences etc, and he has a fully-formed belief system.

So I read this book. I find his argument somewhat extreme at times and I do not agree with every point he makes (though I do agree with a lot). BUT in any case, the book made me think. A lot. And I think that is what's important about it. Reading it added a whole new perspective to looking at the federal govt (and specifically the federal reserve) that I had never really considered before. I still don't agree with everything he says, but I applaud him for being in Congress and having the courage to say it. I'm very glad I read End The Fed, if only to make me think long and hard about beliefs I had. Even if you are not a fan of his or disagree with him, it's really worth the time just to get you thinking in some new ways.

R. Paul Creates Historic Opportunity. Fed Dons Sheep Costume
The Fed had to act but distributed trillions in secrecy. We have to find out where it all went.

Ron Paul introduced H.R. 833 to abolish the Federal Reserve System. He introduced H.R. 1207 to reform how the Fed is audited. This one has 282 co-sponsors! He's reaching for support with this book. End the Fed offers these approaches to our problems: live within our means, stick to the Constitution and make the legal tender of the country sound money.

Like Paul, I got interested in coins since they seem to have intrinsic value. I collect nickels. Some from the 1920s are circulating. They're virtually indestructible because they're 75% copper and 25% nickel. It doesn't take much to own hundreds of pounds of nickels. Get $100 boxes at your bank neatly packed in rolls; one box weighs 22 pounds. Like Paul, I believe the U.S. Mint will make steel coins.

Abuse of monetary power and its effect on our lives captured in one book is overwhelming, provoking outrage. The plan for the Fed to dramatically increase the size of its balance sheet (by trillions) to counterbalance the lack of asset carrying capacity of the public was beautiful in theory. It fell short, at least in part, due to corruption. They won't tell us where all the money went.

This book shows the damage Fed secrecy caused over time. As author David Wessel warned, the Fed has become a fourth branch of government not directly accountable to voters. This book asserts that our military engagements would not have played out as they did if government had to pay at least in part by raising taxes.

If we succeed and the Fed gets audited, investigations into the scandal could lead to a reconciliation process or if not, degrade our national solidarity. I feel Paul's arguments for ending Fed secrecy are irrefutable. I believe any thinking person will arrive at the same conclusion if they read the book.

The Fed secretly placed trillions where wealth was concentrated, the big banks. Small banks were generally excluded. Money got routed through entities to pay politically powerful investment banks, where the public made good on unregulated derivatives bets. Were connected hedge funds bailed out? How much went for executive bonuses?

Recall earlier concerns of whether Fed-led credit creation was creating a housing bubble. Then Fed Chairman Greenspan would only allow that in isolated parts things were "frothy." He denied the bubble and encouraged mortgage equity withdrawals by homeowners. This turned out to be a vicious trap for trusting citizens. Homeowners trusted the Fed. Later Greenspan insisted that one cannot spot a bubble before it bursts.

We learned the Fed enjoys unlimited power to create and disburse money when circumstances become "unusual and exigent." Its battalions of $350K/yr economists decided to create public funds to make good on unregulated derivatives. This action saved the bonus system, making a hero out of Ben Bernanke.

As background, AIG derivatives traders took the wrong side of the bet for cash up-front fees. AIG spent the windfall on multi-million dollar bonuses. When these derivatives matured, AIG would owe a magnitude beyond anything any corporation on earth could pay. But the Fed could pay up if and only if circumstances were unusual and exigent. That is how the Great Panic saved the leaders of the financial industry and preserved the bonus system.

In a separate action, Bloomberg news service is using the Freedom of Information Act (FOIA). Fed resistance has foreign observers aghast. At the heart of the case, the Fed benefits from being a private agency where it can and a governmental agency where it can.

The Fed is responding with a sophisticated public relations campaign. Bernanke is posturing against aggressive bonuses at big banks. This is to buy time while lobbyists trade concessions for votes. Count on the return of big bonuses if the Fed kills Paul's bills.

The Fed hired a former Enron lobbyist as its own lead lobbyist to Congress. The Fed "crossed the Rubicon."

Courageous Ron Paul has this window of time to get the public on board. Let's support him.


Several people emailed to ask where one keeps nickels as they might get a few hundred pounds. I think those nickels should be kept safe in a relatively inexpensive site box such as this one: Jobox 48" Long Heavy-Duty Steel Chest With Site-Vault(tm) Security System 1-654990.