Congressman Ron Paul delivered this Congressional lecture on “The Great Enabler: The Rise of the Federal Reserve and the Growth of Government.” The introduction was given by Senator Rand Paul. As a continuing educational tool this lecture was filmed and is provided to the public.
Congressman Paul explains in this lecture the Federal Reserve’s role as the enabler of big government. Through purchases of government debt, the Fed allows the government to spend beyond its means and contributes to the growth of the welfare-warfare state. If leviathan government is to be countered, understanding monetary policy and the fundamental role it plays in the relentless growth of government is a necessary first step.
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The BOG is currently making $4 billion EVERY DAY from the auctions of Treasury securities. That profit is hidden by the FRBNY’s exclusive handling of the auction accounts and distributed to the Primary Dealers (owners) disguised as purchases of securities being redeemed. There is NO PUBLIC information on the disbursements of the funds. That money appears to lawfully belong to the government. There would be no inflation nor any increase in the National Debt if the money went elsewhere. Ref. FEDERAL RESERVE HEIST, http://www.scribd.com/doc/101937790 or RIP OFF BY THE FEDERAL RESERVE, http://www.scribd.com/doc/48194264/rip-off-by-the-Federal-Reserve-revised
Congress members receive great increases in personal wealth and campaign contributions by supporting the scam. You might ask your senators to audit the auction accounts (via the above link?).