PoliticalAction.com Blog

Congressman Ron Paul
January 11, 2010

Dear Friend of Liberty,

Believe it or not, it is election time again. The Texas Republican Primary is only seven short weeks away and already both parties have turned their attack dogs loose on me . . . doing everything they can to make sure I am defeated.

Never mind all the good I have been able to accomplish for freedom and the American taxpayer in Congress, the enemies of freedom and the elites in Washington want me gone.

Together, we have brought to Congress a voice for Liberty, limited government and a sensible foreign policy. I am deeply grateful for all of your support.

Just look at a few of the things we have accomplished!

We have drawn 317 cosponsors and passed through the House Financial Services Committee a bill to audit the Federal Reserve. We have led the fight against bailouts, Obamacare and Cap and Trade. And, thanks to the national attention our efforts have generated, we have broadened the debate on foreign policy and are challenging the status quo idea that America must be the World’s policeman.

It is my desire to return to Congress for another term and have filed for re-election. I am hopeful that I can win, but I urgently need your help.

Seven candidates have filed to run against me. These candidates include three Republicans in my own primary on March 2, and they will stop at nothing to tear down and destroy all we have worked for.

Please read some of the quotes my opponents have been throwing at me:

“(Ron Paul) wants to cut spending on our military industrial complex because he believes in a weaker foreign policy.”

“Ron Paul has become a complete nutcase conspiratorialist quasi-Anti-Semitic leftwing American-hating nutball.”

“Ron Paul is out of touch with this district and it is time for him to move on…Dr. No Must Go!”

These quotes come directly from my opponents’ campaign literature and websites. We cannot let these attacks stand.

I plan to fight back and will mount an aggressive campaign. Carol, my family and my staff are already working very hard, but I need your immediate support.

Please consider making a contribution of $50, $100, $500, $1,000 or even the maximum legal gift of $2,400 to my campaign. Your generous support will allow me to mobilize and ensure we are victorious.

Please logon NOW to my website www.RonPaulforCongress.com and donate as much as you can to help me overcome my opponents and win reelection.

There is a tremendous anti-incumbent, anti-Washington sentiment in America. Politicians across the country face a sea change as outraged Americans threaten to vote them out. While I think this development is a good thing, I am going to have to work hard to ensure I am not caught up in the same wave and swept out of office before our job is done.

If I thought that it would help America, I would gladly step aside and return home to Texas. But the people who want my seat will not work for Liberty. They will instead vote for big spending, eroding our Liberties and policing the world, while ignoring our crooked monetary system.

We stand at a crucial crossroads. Our effort to Audit the Fed and expose the crooked banksters stands tantalizingly close to passage. It is my sincere desire to stay in Congress and press this fight.

But, the road to re-election will be bumpy. My opponents are digging up any and all ammunition they can muster to fire at me.

As many of you know, I represent Galveston, which was hit hard by Hurricane Ike last fall. My office has worked hard to help our constituents, and I am proud of the work we have done.

After the Hurricane, Congress rushed to pass a “relief” bill. Unfortunately, the bill was anything but that. It was loaded with over $6 billion dollars in pork and special interest money that had nothing to do with helping people in need. And, any actual benefits for the people hurt by the natural disaster were run, or should I say hijacked, by the Federal Emergency management Agency (FEMA.) We all remember how well FEMA did helping out in New Orleans.

I knew that voting against this supposed “hurricane relief” would be one of the most difficult political votes I ever cast. But, my vote was never in question. I stood by our principles and stood up for Taxpayers in Texas and across our country and voted against this monstrosity.

You and I may know this vote is a strength, but my opponents see it as an opportunity to attack, and they have been vicious. Forget the billions in pork spending, or the unmanageable big government bureaucracy contained in the legislation. Since I voted against the bill, they scream I must not care about poor people.

They will continue to beat this drum, and if we do not fight back, they may be successful. Think then how few politicians will be willing to take principled votes against big government in the future if they see me defeated because of my stand.

For thirty years, I have run on the belief that Liberty and free markets are the source of American prosperity. I will continue to fight for these principles regardless of the attacks and personal smears. But, I need your help to return to Washington.

Again, I hope you will consider contributing to my re-election campaign. Together, we can restore our freedoms and protect the American Dream.

In Liberty,
Ron Paul

P.S. Early voting in my primary begins on February 15th. Time is of the essence and I have already begun campaigning hard. Your timely support is truly needed. Please contribute to my campaign TODAY at www.RonPaulforCongress.com

Please support the Mad As Hell Money Bomb TODAY Jan 7th 2010.

LAKE JACKSON, Texas — Congressman Ron Paul today endorsed John Dennis in his Republican bid for United States Congress. Mr. Dennis, a successful entrepreneur and longtime liberty-minded GOP activist, is running to unseat Nancy Pelosi in California’s 8th district.

Said Dr. Paul, “John Dennis is truly committed to Liberty, personal freedom, fiscal discipline and a more sensible foreign policy. I am very happy that John has decided to run for Congress and wholeheartedly endorse him.”

For more information on John Dennis, please visit www.JohnDennis2010.com.

Congressman Paul’s endorsement comes through his Liberty PAC, a Republican leadership PAC committed to supporting Liberty minded candidates across the country.

Said Liberty PAC director Jesse Benton, “John Dennis is a terrific candidate who is going to ask tough questions like: ‘Why is Nancy Pelosi running up crushing budget deficits?’, “Why has she allowed President Obama to expand the war in Afghanistan?’, and, ‘Why has Nancy Pelosi refused to support transparency and accountability at the Federal Reserve.’ The constituents of California’s 8th district deserve answers to these questions. John Dennis will hold her accountable.”

Ron and others discuss terrorism, the TSA, and related issues.

Texas Straight Talk – A weekly column
Rep. Ron Paul (R) – TX 14

This past week we celebrated the end of what most people agree was a decade best forgotten. New York Times columnist and leading Keynesian economist Paul Krugman called it the Big Zero in a recent column. He wrote that “there was a whole lot of nothing going on in measures of economic progress or success” which is true. However, Krugman continues to misleadingly blame the free market and supposed lack of regulation for the economic chaos.

It was encouraging that he admitted that blowing economic bubbles is a mistake, especially considering he himself advocated creating a housing bubble as a way to alleviate the hangover from the dotcom bust. But we can no longer afford to give prominent economists like Krugman a pass when they completely ignore the burden of taxation, monetary policy, and excessive regulation.

Afterall, Krugman is still scratching his head as to why “no” economists saw the housing bust coming. How in the world did they miss it? Actually many economists saw it coming a mile away, understood it perfectly, and explained it many times. Policy makers would have been wise to heed the warnings of the Austrian economists, and must start listening to their teachings if they want solid progress in the future. If not, the necessary correction is going to take a very long time.

The Austrian free-market economists use common sense principles. You cannot spend your way out of a recession. You cannot regulate the economy into oblivion and expect it to function. You cannot tax people and businesses to the point of near slavery and expect them to keep producing. You cannot create an abundance of money out of thin air without making all that paper worthless. The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever. You cannot live beyond your means indefinitely. The economy must actually produce something others are willing to buy. Government growth is the opposite of all these things.

Bureaucrats are loathe to face these unpleasant, but obvious realities. It is much more appealing to wave their magic wand of regulation and public spending and divert blame elsewhere. It is time to be honest about our problems.

The tragic reality is that this fatally flawed, but widely accepted, economic school of thought called Keynesianism has made our country more socialist than capitalist. While the private sector in the last ten years has experienced a roller coaster of booms and busts and ended up, nominally, about where we started in 2000, government has been steadily growing, because Keynesians told politicians they could get away with a tax, spend and inflate policy. They even encouraged it! But we cannot survive much longer if government is our only growth industry.

As for a lack of regulation, the last decade saw the enactment of the Sarbanes-Oxley Act, the largest piece of financial regulatory legislation in years. This act failed to prevent abuses like those perpetrated by Bernie Madoff, and it is widely acknowledged that the new regulations contributed heavily not only to the lack of real growth, but also to many businesses going overseas.

Americans have been working hard, and Krugman rightly points out that they are getting nowhere. Government is expanding steadily and keeping us at less than zero growth when inflation is factored in. Krugman seems pretty disappointed with zero, but if we continue to listen to Keynesians in the next decade instead of those who tell us the truth, zero will start to look pretty good. The end result of destroying the currency is the wiping out of the middle class. Preventing that from happening should be our top economic priority.

Dear Friend of Liberty,

You and I have stood together in our battles for Liberty and the Constitution before. Now, even larger threats – and greater opportunities – are in front of us.

Our constitutional principles and freedom-centered values are being assaulted at every turn. More bailouts, nationalized health care, cap and tax, trillion dollar “stimulus” plans, expansion of our interventionist foreign meddling. I could go on and on.

But the good news is, with your help, Campaign for Liberty has been fighting back.

And we’re even on offense, putting the statists and the Fed on notice with our Audit the Fed bill.

You and I are making progress every day.

As you may know, Campaign for Liberty is carrying the Revolution forward and fighting our battles in Congress and all across the country.

And it needs your help.

Please read the enclosed letter from Campaign for Liberty’s President, John Tate.

John and Campaign for Liberty need your advice and your help as we head into 2010. I hope you’ll take a few minutes to read this letter and to continue the fight alongside me and Campaign for Liberty.

In Liberty,

Congressman Ron Paul

———-

Dear Member:

I’ve just finished a series of long and difficult planning meetings with my staff.

You see, right now, you and I are at a key stage in many of our current battles – and I’m faced with some decisions unlike any others I’ve ever had to make.

And I’m writing you today because it’s vital that as Campaign for Liberty goes forward, we receive your advice on C4L’s Confidential Member’s Directive.

The good news is, thanks to your help, we’ve really made an impact in Washington.

Today, AUDIT THE FED is up to 317 House cosponsors and 31 Senate cosponsors. Campaign for Liberty has grown like no other Liberty organization in history, both in number of supporters and in our impact across the country. All thanks to Patriots like you!

We’re helping keep back many of the big government power grabs many thought would already be law – like Cap and Tax and nationalized health care.

Though many of the battles still rage on, we’ve proven to the statists in Washington, D.C. we won’t just roll over and play dead for their radical freedom-robbing agenda. If they want to continue to try to take our liberty, well – now they’ve got a fight on their hands like never before.

But the truth is, there are so many battles to fight right now, we’re being stretched thin at the most crucial time.

So today, I regret to inform you — with all the critical battles we’re facing right now — without an IMMEDIATE influx of funds, I’m going to have to start cutting some of our most vital programs.

You see, unlike our overlords in the Federal Government, I can’t just print money when the bills come due!

Nor would I want to.

But the battles we are fighting don’t come cheap. The fact is, I hope you’ll help Campaign for Liberty fight ALL of our battles. But if we are faced with hard choices, I’d rather quit some fights (even though we could win!) than risk losing everything.

But before I cut anything, I want to be sure to receive your advice.

I’m sure you’ll agree: the idea that we may have to cut some of our vital programs is not welcome news. And it couldn’t have come at a worse time considering everything we’re facing right now.

And any of these battles could be won or lost depending on the resources Campaign for Liberty can spend fighting them, including:

*** Socialized, Government-run Medicine that would not only include astronomical tax hikes, but would give big government bureaucrats decision-making power over virtually EVERY medical decision;

*** The Cap and Tax scheme that would drive already sky-high energy costs through the roof, massively hike taxes on hardworking Americans and give the Federal Government unprecedented control over the economy;

*** Audit the Fed, so the American people can finally see the corruption and economic devastation caused by a handful of bankster bureaucrats;

*** PATRIOT Act renewal, and the new, even more DANGEROUS ID Bill that would not only allow the government to listen to phone calls and monitor internet accounts, but would mandate Americans get a federally-approved ID card complete with an RFID tracking device.
To me, all of these fights are so foundational to our freedoms it’s almost like asking which amendment in the Bill of Rights I would like to keep.

That’s why I need your advice.

You see, the Big Government crowd isn’t hurting for funds. The statists inside government just tax, borrow or print money when they need it.

Those outside are happy to ride the taxpayer gravy train with their bailouts, their welfare checks, and their bloated government contracts.

I’ll tell you up front: I don’t want to quit fighting anywhere.

Honestly, I’d rather meet the barrel of a loaded shotgun than to see Big Government politicians ham it up for the news cameras after they ram one of their statist schemes into law.

I’m sure you feel the same way.

I also know that without your financial support, there would be no Campaign for Liberty.

That’s why I need YOU to tell me WHICH FIGHT to focus on.

But, believe me, there’s no easy choice. Let me lay out the options.

Should I concentrate on efforts to stop government’s total takeover of medicine?

Even besides the massive costs that could literally bankrupt our country, this dangerous scheme strikes at the heart of everything you and I hold dear.

Under their Big Government Health Care power grab, American citizens will be nothing more than a dehumanized statistic — a number on a piece of paper.

So those federal bureaucrats won’t be making their decisions on what health care you and your family receive based on what you and your doctor decide is best — they will decide what is best for you.

I don’t know about you, but that sends shivers up my spine.

So if stopping Big Government’s takeover of medicine is your number one priority, please mark OPTION 1 on your Member’s Directive.

But before you do, please consider what’s at stake with the dangerous Cap and Tax Bill.

Of course, you and I both know this bill has nothing to do with the environment.

It’s really about raw government POWER.

Government POWER to tax.

Government POWER to enter your home to check for compliance.

And government POWER to control the economy, our lives and our freedom.

If passed, Cap and Tax would give the Federal Government UNPRECEDENTED control over the private sector — and our very lives.

And it will virtually guarantee our economy grinds to an IMMEDIATE halt.

I’m sure you can see why I’m torn.

If this is where you believe we should concentrate our resources, please mark OPTION #2 on your Member’s Directive.

And, of course, I haven’t even mentioned AUDIT THE FED yet.

Thanks to the help of folks like you, we’re at a truly historic crossroads in our fight.

Of course, from here on out, our battle will only get more difficult because the Fed banksters and their cronies in Congress are going to do everything they can to stop us.

But if you and I can somehow pass AUDIT THE FED, the American people will finally see it’s the Federal Reserve that’s the cause of inflation, our constant economic crises and the destruction of the middle class . . .

. . . and well be well on our way to finally ENDING the Fed once and for all.

If you believe we should concentrate solely on the AUDIT THE FED Bill, please mark OPTION #3 on your Member’s Directive.

But please remember, that’s not all.

You see, I know you weren’t fooled by Barack Obama’s campaign rhetoric . . . his empty promises to protect civil liberties.

The truth is, the assaults are continuing and only getting worse.

Today, the PATRIOT Act is up for reauthorization, and Obama Administration officials support its provisions.

You know, the provisions that allow government goons to wiretap American citizens and search everything from banking to library to medical records.

Just as bad, they’re pushing a new DANGEROUS ID bill.

If passed, DANGEROUS ID would allow Homeland Security Secretary Janet Napolitano to establish virtually any standards she wants.

Retinal scans. Fingerprints. DNA information.

RFID tracking chips so anti-gun government goons can watch your every movement.

And after reading all those Homeland Security memos and directives calling patriotic Americans like you and me terrorists, I can’t imagine sitting idly by while police state cheerleaders in Congress continue their assault on our civil liberties.

If you believe Campaign for Liberty should focus on this fight, please mark OPTION #4 on your Member’s Directive.

Of course, there is one more option.

I’ve hesitated until now to bring it up because it’s absolutely critical you understand the situation we’re in.

Without an IMMEDIATE and massive influx of funds, I will be FORCED to make cuts to our programs.

In fact, without an immediate contribution of at least $100 or $50, I may have to make cuts across the board.

OPTION #5 is FIGHT ALL OF THE ABOVE.

Don’t back down. Don’t leave anything to chance. FIGHT.

If you choose this option, please make a contribution to Campaign for Liberty of $500 or at least $250.

I know that’s a tremendous amount to ask.

If our backs weren’t against the wall, I wouldn’t even consider it.

But if we don’t fight back, who will?

I know we can count on Ron Paul in Congress. Can he count on us?

Please click here to fill out your Member’s Directive and make your most generous contribution today. Your advice and your support will make all the difference.

Sincerely,

John Tate
President

P.S. The tough economic times are affecting us all — and Campaign for Liberty isn’t immune.

Without an influx of funds, your Campaign for Liberty is going to be forced to make devastating cuts.

So I need your IMMEDIATE advice.

Texas Straight Talk – A weekly column
Rep. Ron Paul (R) – TX 14

Last week on Christmas Eve, after many backroom deals were made, the Senate passed the healthcare reform bill with a strictly partisan vote. I was pleased that my colleagues in the GOP are on the right side of this bill. Although this vote was a major step in healthcare reform becoming reality, they still have to reconcile the Senate bill with the House-passed version in conference committee. This could prove even more difficult and costly than the Senate vote.

There was a little bit of controversy surrounding one particular Senator who was initially against the bill, but then, coincidentally, a large amount of Medicare funding specifically for his state was tucked inside and he ended up voting for it. One wonders how much more of that will have to go on to achieve final passage.

But this is how politicians in Washington deal with problems: they throw your money at them. Healthcare reform is no different. The Senate version of the bill, at last count, will cost $871 billion. The House version tops $1 trillion. But they tell us this is for the health of Americans, and how dare we count the cost?

Such is the arrogance of politicians. There seems to be no end to the problems they feel capable and duty-bound to solve through legislative proclamation and plenty of your money. To hear them talk, one might think that a few words spoken on Capitol Hill would make problems just disappear. All it takes it good intentions.

But no good can come from 2400 pages of Washington’s good intentions.

I have observed quite the opposite throughout my political career in the House of Representatives, and fear that with this immense legislation, our healthcare problems are only just beginning. Over the last few decades, I have seen healthcare subjected to more and more creeping red tape that only creates bottlenecks and increases costs as new bureaucratic hurdles are put in place.

Politicians cannot solve the problems created by ever-increasing intervention by exponentially increasing their intervention. Similarly, they cannot improve the quality of healthcare and expand access to it for all Americans simply by legislative decree. If only it were that simple! The reality is the free market, when allowed to function, naturally increases access and drives prices down through competition. The free market keeps service providers accountable by allowing people to take their business elsewhere.

This government intervention will eventually create a near monopoly of providers in health insurance as smaller companies are squeezed out and innovation comes to a grinding halt due to formidable barriers to entry. The government will determine prices and levels of service that will apply to everyone, regardless of want or individual circumstances. The true insurance model of healthcare cost management, meaning major medical coverage only, will basically become illegal. Opting out of the system will incur heavy tax penalties.

Expanding government reach so deeply into this very sensitive area of our personal lives and such a major part of our economy means more opportunities for waste, fraud and abuse of the system. One need only remember the recent bailouts for an example of how government handles systemic waste, fraud and abuse.

So while the Senate patted itself on the back last week for delivering a Christmas gift to Americans, time will prove it was instead a great big lump of coal.

Congressman Ron Paul | December 15, 2009
United States House of Representatives

I rise in strongest opposition to this new round of sanctions on Iran, which is another significant step toward a US war on that country. I find it shocking that legislation this serious and consequential is brought up in such a cavalier manner. Suspending the normal rules of the House to pass legislation is a process generally reserved for “non-controversial” business such as the naming of post offices. Are we to believe that this House takes matters of war and peace as lightly as naming post offices?

This legislation seeks to bar from doing business in the United States any foreign entity that sells refined petroleum to Iran or otherwise enhances Iran’s ability to import refined petroleum such as financing, brokering, underwriting, or providing ships for such. Such sanctions also apply to any entity that provides goods or services that enhance Iran’s ability to maintain or expand its domestic production of refined petroleum. This casts the sanctions net worldwide, with enormous international economic implications.

Recently, the Financial Times reported that, “[i]n recent months, Chinese companies have greatly expanded their presence in Iran’s oil sector. In the coming months, Sinopec, the state-owned Chinese oil company, is scheduled to complete the expansion of the Tabriz and Shazand refineries — adding 3.3 million gallons of gasoline per day.”

Are we to conclude, with this in mind, that China or its major state-owned corporations will be forbidden by this legislation from doing business with the United States? What of our other trading partners who currently do business in Iran’s petroleum sector or insure those who do so? Has anyone seen an estimate of how this sanctions act will affect the US economy if it is actually enforced?

As we have learned with US sanctions on Iraq, and indeed with US sanctions on Cuba and elsewhere, it is citizens rather than governments who suffer most. The purpose of these sanctions is to change the regime in Iran, but past practice has demonstrated time and again that sanctions only strengthen regimes they target and marginalize any opposition. As would be the case were we in the US targeted for regime change by a foreign government, people in Iran will tend to put aside political and other differences to oppose that threatening external force. Thus this legislation will likely serve to strengthen the popularity of the current Iranian government. Any opposition continuing to function in Iran would be seen as operating in concert with the foreign entity seeking to overthrow the regime.

This legislation seeks to bring Iran in line with international demands regarding its nuclear materials enrichment programs, but what is ironic is that Section 2 of HR 2194 itself violates the Nuclear Non Proliferation Treaty (NPT) to which both the United States and Iran are signatories. This section states that “[i]t shall be the policy of the United States…to prevent Iran from achieving the capability to make nuclear weapons, including by supporting international diplomatic efforts to halt Iran’s uranium enrichment program.” Article V of the NPT states clearly that, “[n]othing in this Treaty shall be interpreted as affecting the inalienable right of all the Parties to the Treaty to develop research, production and use of nuclear energy for peaceful purposes without discrimination and in conformity with articles I and II of this Treaty.” As Iran has never been found in violation of the NPT — has never been found to have diverted nuclear materials for non-peaceful purposes — this legislation seeking to deny Iran the right to enrichment even for peaceful purposes itself violates the NPT.

Mr. Speaker, I am concerned that many of my colleagues opposing war on Iran will vote in favor of this legislation, seeing it as a step short of war to bring Iran into line with US demands. I would remind them that sanctions and the blockades that are required to enforce them are themselves acts of war according to international law. I urge my colleagues to reject this saber-rattling but ultimately counterproductive legislation.

Congressman Ron Paul

Dear Friend of Liberty,

December 16th is a special date. It is the anniversary of the Boston Tea Party when early American patriots stood up to the tyranny of the King George. In 2007, we made history together by raising over $6 million in one day.

Now, we need to make this December 16th special by helping propel my son, Rand, to the United States Senate. Our fellow lovers of Liberty are organizing a Money Bomb for Rand and we need your help.

Please visit his website, www.RandPaul2010.com this Wednesday, December 16th and donate. A successful day will launch Rand into the homestretch of his primary with the momentum he needs for victory.

Rand is running a tremendous race in Kentucky and is currently leading in the polls. Sending Rand to Washington would be the greatest victory for limited government and the Constitution we have seen in years.

Imagine the Senator Rand would be! He would fight to end undeclared wars, burgeoning deficits and the expansion of government that threatens all of our freedoms. And, Rand’s election will send a message to the establishment that we are taking our country back and the pave the way for future success together. Visit www.RandPaul2010.com to learn more.

I hope you can help by donating to Rand this Wednesday, December 16th. I know I will be. Together, we can take our country back one contribution at a time.

In Liberty,

Ron Paul

Far from fading away like the establishment expected, Congressman Paul’s message of freedom, peace, and prosperity continues to garner unprecedented coverage.

After a tremendous string of media hits to start December, Ron Paul’s biggest television appearance yet will come this Tuesday, December 15, as he co-hosts CNBC’s Squawk Box from 8-9am eastern!

It is incredible for a member of Congress not in his party’s leadership to be receiving the amount of attention Ron Paul has seen in recent months. Our movement is truly making great progress.

Thank you for continuing to follow Dr. Paul’s media appearances. You can be sure the producers take notice of the increased viewerships their shows receive when they interview Congressman Paul.

Tune in to CNBC’s Squawk Box this Tuesday from 8-9am eastern and support Ron Paul’s message of economic freedom!

Saying the Federal Reserve is the only institution in the world he knows of that isn’t audited, famed investor and author Jim Rogers said in an interview, “It’s incomprehensible to me these people are saying they have no reason to be audited — they must have done something wrong, must have something to hide.”

This was in response to a question of whether Rogers supported the bill by Ron Paul to audit the Federal Reserve.

Rogers strongly states that we not only need to audit the Fed, but like Ron Paul, we need to completely abolish it as well. Reasons for that, according to Rogers, are: “The Fed is printing huge amounts of money, which we’ll have to pay for sometime. The Fed is borrowing gigantic amounts of money on their balance sheet…the numbers are so staggering that this is going to have ramifications before too much longer.”

This practice of course has been the systemic problem of having a Federal Reserve in the first place, as it has been employing these practices since its inception, albeit on a smaller level than the extraordinary measures they’ve taken recently.

In an amazing statement most of us can only hope fervently for, Rogers says that he believes the Federal Reserve won’t need to be abolished by anyone, as it’s “going to abolish itself” sometime in the next several years. He particularly points out the horrendous performances of current Fed chairman Ben Bernanke as well as his predecessor Alan Greenspan, who in reality set up the circumstances which Bernanke responded to so poorly.

As Rogers states in the interview, he has found no credible reason for the Federal Reserve not to be fully audited, and suggests the idea of an independent Fed being interfered with by Congress concerning monetary policies, especially interest rates, is for the most part nonsense and irrelevant to the action if it does happen.

Again, there is probably much the Federal Reserve is hiding to resist the audit so much. If not, you would think they would embrace it gladly to allow its great decisions and monetary genius be seen by us all. That’s of course not the case, and is not going to happen unless it’s forced upon them by the government, which looks increasingly like it will be.

When pressed on whether the shutting down of the Federal Reserve would be devastating to the economy, Rogers stated: “Yes it would be complicated and painful for a while. But I’d rather find out they’re bankrupt today than to find out in five or 10 years — when they’ve had another 10 years of this madness where they’re printing even more money [and] taking out even more debts in our name.”

Rogers also reminds us that there have been several other central banks in the history of the United States, and when they were shut down we kept on going successfully without them. There’s no reason to suspect it would be any different without the Federal Reserve as well.