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
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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.
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Government Waste and Fraud
- Government waste and fraud are inherent, but the current situation may be worse than before.
- This could prompt a serious consideration of a different reserve currency.
Reckless Spending and Artificial Wealth
- The market's benefits, coupled with the US dollar's reserve currency status, masked the problem of reckless spending.
- The temptation for politicians to overspend was fueled by this artificial wealth.
Debasing Currency and Dishonesty
- Debasing a currency involves dishonesty, evident since the Fed's creation.
- The 1971 bankruptcy confirmed the predictions about unsustainable monetary policies.
