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Apr
17

Ron Paul on the Federal Reserve and FEMA

August 1988 www.amazon.com Watch the full interview: thefilmarchived.blogspot.com Ron Paul sees the creation of the Federal Reserve, and its ability to “print money out of thin air” without commodity backing, as responsible for eroding the value of money, observing that “a dollar today is worth 4 cents compared to a dollar in 1913 when the Federal Reserve got in.” In 1982, Paul was the prime mover in the creation of the US Gold Commission, and in many public speeches Paul has voiced concern over the dominance of the current banking system and called for the return to a commodity-backed currency through a gradual reintroduction of hard currency, including both gold and silver. A commodity standard binds currency issue to the value of that commodity rather than fiat, making the value of the currency as stable as the commodity. The Federal Emergency Management Agency, or FEMA, is an agency of the United States Department of Homeland Security, initially created by Presidential Order on 1 April 1979. The primary purpose of FEMA is to coordinate the response to a disaster that has occurred in the United States and that overwhelms the resources of local and state authorities. The governor of the state in which the disaster occurs must declare a state of emergency and formally request from the president that FEMA and the federal government respond to the disaster. FEMA also provides these services for territories of the United States, such as Puerto Rico. The only exception is

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