The Fed's Dangerous Path: Ron Paul Reveals the Truth Behind U.S. Monetary Collapse
The Fed's Dangerous Path: Ron Paul Reveals the Truth Behind U.S. Monetary Collapse
Kitco News: 11-13-2024
The Federal Reserve's unchecked power and fiat currency system are under fire as Ron Paul, former U.S. Congressman and Host of @RonPaulLibertyReport calls for major reforms.
Paul argues that the Fed’s authority is unconstitutional, contributing to spiraling national debt, rising inflation, and systemic economic instability.
He highlights how the Fed’s influence, under Jerome Powell, operates without true oversight, posing a direct threat to economic freedom in the United States.
Paul also shares his thoughts on Elon Musk's Department of Government Efficiency (DOGE) initiative, supporting the idea of cutting government waste.
However, he stresses that real reform needs to go deeper—such as dismantling the Federal Reserve and adopting sound money like gold.
Warning of an inevitable financial crisis if reliance on fiat currency continues, Paul predicts that gold could double, triple, or even quadruple in value as more people seek refuge from the weakening dollar.
00:00 Coming Up
01:38 Introduction
02:24 Jerome Powell's Controversial Statement
03:16 The Federal Reserve's Unchecked Power
07:03 Trump's Influence on Fed Policy
07:28 The Role of the President in Monetary Policy
09:09 The Need for Auditing the Federal Reserve
10:25 Public Backlash Against the Federal Reserve
18:11 Elon Musk and Vivek Ramaswamy's Department of Government Efficiency (DOGE)
24:32 Dr. Ron Paul's Views on Gold