This speech comes in February 2009 in the midst of the bailouts. Ron Paul calls the Fed “a tool of socialists” and is responsible for recessions and depressions, feeds the fires of war, and is immoral. I am not going to comment a lot on this today because Ron Paul does such a great job of characterizing the Federal Reserve, but consider this: Everyday the Fed shreds millions of USD’s, proving that the money is valueless.
The Federal Reserve embodies the worst form of corruption and coercion. It is the largest counterfeiting operation ever.