Coin Stories
Ron Paul on Exposing the Truth: Auditing the Fed, Fort Knox Gold, and Wealthy Politicians. Why We Need Sound Money and Small Government
Feb 21, 2025
In this conversation with Ron Paul, a former congressman and three-time presidential candidate, he dives into government waste and the alarming wealth of politicians on modest salaries. They discuss the questionable state of U.S. gold reserves, the importance of auditing the Federal Reserve, and the hidden costs of inflation. Paul emphasizes the need for sound money and small government, highlights the challenges of fiat currency, and shares his optimism about the future despite economic mismanagement.
42:23
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Quick takeaways
- Significant skepticism surrounding U.S. gold reserves underscores the need for transparency and auditing to restore trust in financial systems.
- The discussion highlights the urgent need for government reforms to combat waste and promote fiscal responsibility, especially in education and economic policies.
Deep dives
Concerns Over Government Gold Reserves
There is significant skepticism regarding the U.S. government's claim about its gold reserves, with suggestions that transparency calls should be taken more seriously. The absence of a thorough audit or commission to verify gold holdings raises questions about trust and integrity in the financial system. Historical context is given, noting the drastic changes in the value of gold since the abandonment of the gold standard in 1971. This situation highlights broader issues of confidence in fiat currencies, with potential implications for the future of the dollar as the world's reserve currency.
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