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Ron Paul
@RonPaul
, 3 tweets, 1 min read Read on Twitter
The Federal Reserve should not exist.

By creating money out-of-thin-air, it destroys the value of our earnings and purchasing power.

By manipulating interest rates, it creates manic booms and bubbles in the economy, which must (without exception) become painful economic busts.
"Free Markets," which are almost nowhere to be found, then automatically take the blame for economic pain created by central planners at The Fed.

This week, ex-NY Fed President Bill Dudley picked a fight with President Trump, insinuating that the Fed can sink Trump's re-election
Central planning is an absolute failure that has financed the growth of the biggest government on Earth!

Sound money (not monopolized money by government) must make its return.

It's time to End The Fed.

The Ron Paul Liberty Report is LIVE at 12pm ET: youtube.com/ronpaulliberty…
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More from @RonPaul see all

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Ron Paul
@RonPaul
1913...A dark year for Liberty that stretches to the present day.

No longer would Americans be the sole possessors of the fruits of their own labor. All earnings would belong *to the government first,* and then the government would decide what Americans could keep.
America did just fine without a federal income tax for the first 124 years of her history. Prior to 1913, the government operated with revenues raised through tariffs, excise taxes, and property taxes, without ever touching a worker’s paycheck.
The United States of America became the most prosperous nation in history *without* an IRS.

Today, with the biggest government to ever exist, we're saddled with its insatiable appetite.

It's long past the time to abolish the worst tax of them all...

The Income Tax.
Read 3 tweets
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Ron Paul
@RonPaul
Presidential candidate Donald Trump said “I love Wikileaks,” on the campaign trail. Back then, Trump praised Wikileaks for promoting transparency.

In fact, Trump 'loved' Wikileaks so much he mentioned the organization more than 140 times in the final month of his campaign!
The American people elected Trump because they were looking to him to "drain the swamp" that Wikileaks had exposed.

Assange has been in solitary confinement in the Ecuadorian embassy for more than 6 years. Though the original charges have been dropped against him...
...Assange remains in the Embassy for fear of being extradited to the US for prosecution. His "crime"? Publishing things the government does not want us to know.

Now that Trump is president, he has the power to do something good. Assange is a journalist who needs to be pardoned!
Read 3 tweets

Related threads

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Hoosier Nationalist
@GregLWooten
I welcome his calling out the Fed. But I think he should go further.

He should push for having our government go back to the way we did things before 1913: we should issue our OWN currency.

They were called UNITED STATES NOTES
- not -
Federal Reserve Notes.
I could talk about how our country is being ripped off by the Fed all day. And Fractional Reserve Banking? That’s like playing Monopoly. Seriously, if you read the Monopoly rules, it states: “The Bank never runs out of money”.
Just. Like. The. Fed.
I wonder if @realDonaldTrump has read or heard this book.
Read 15 tweets
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Michael Krieger
@LibertyBlitz
Imagine being able to print money and buy assets. Sounds criminal to me.
This is basically communism.
The U.S. should have laws against foreign central banks printing money and then buying large stakes in U.S. businesses. It should be pretty obvious why.
Read 4 tweets
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Jeffrey Peterson🇺🇸
@realJeffreyP
Insider tip: A lot of the wealth the top-tier Dems such as Tom Steyer have access to, is from years of self-dealing between Silicon Valley venture capitalists. When the valuations are sky-high, they cash themselves out by selling the companies to the public through Wall Street.
it's literally like printing money. A closed club -- "designated" VC's only such as Steyer, Tim Draper (who I used to know), and others, who trade companies back and forth amongst themselves while raising valuations. They do it over and over again. Has been that way for years.
The amount of money they make doing this would blow most people's minds if they saw the statistics. It is literally like creating money out of thin air. These kind of interests are where the majority of -domestic- "big" money floating around the Democrat party comes from.
Read 6 tweets
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CSM
@usacsmret
There are still almost four times as many US dollars in existence today than there were a mere 10 years ago
fred.stlouisfed.org/series/BASE
Are Americans producing four times as much stuff? No, not even close. That’s why prices rise every year despite all the real economic forces that should be driving them down. It’s all Federal Reserve money creation—the true definition of “inflation.”
Since the New Deal, Americans have been taught a whole range of economic fallacies designed to do one thing: keep them from realizing they’re being ripped off every day, every hour, every minute, all for the sake of the so-called “common good.”
Read 19 tweets
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Nick Wallis
@nickwallis
We are back in court 26 of the Rolls Building for Day 5 of Horizon trial. @PostOffice director Angela van den Bogerd (pictured) who was found to have misled the court in the last trial, is in the witness box.
We are discussing an internal @PostOffice document which suggests small changes which could be made to Horizon which could save a lot of bother and Patrick Green QC for the claimants (PG) is comparing it with Angela van den Bogerd’s (AB) Witness Statement (WS).
@PostOffice AB confirms she has not seen this document before.
Read 66 tweets
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Alex Krüger 🇦🇷
@Crypto_Macro
1/ Thread on the Fed's balance sheet.

The size of the Fed's balance sheet was (and would normally be) mostly determined not by the Fed itself, but by demand for the Fed's liabilities, i.e. currency and (bank) reserves. (mostly just currency)

2/ In 2008, to steer the economy away from disaster, the Fed embarked on its Quantitative Easing program (QE) of *large scale asset purchases*. Something that had never been attempted before. Other central banks soon followed suit.

en.wikipedia.org/wiki/Quantitat…
3/ QE (i.e. the Fed's asset purchases) became the main driver of the Fed's balance sheet, instead of demand for currency & reserves. Accordingly, starting 2008 the balance sheet starts ballooning because of asset purchases (5x in 10 years).
Read 12 tweets

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