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History shows that, if individuals have the freedom to choose what to use as money, they will likely opt for gold or silver.

Of course, modern politicians and their Keynesian enablers despise the gold or silver standard. This is because linking a currency to a precious metal limits the ability of central banks to finance the growth of the welfare-warfare state via the inflation tax. This forces politicians to finance big government much more with direct means of taxation.

Despite the hostility toward gold from modern politicians, gold played a role in US monetary policy for sixty years after the creation of the Federal Reserve. Then, in 1971, as concerns over the US government’s increasing deficits led many foreign governments to convert their holdings of US dollars to gold, President Nixon closed the gold window, creating America’s first purely fiat currency.

America’s 46-year experiment in fiat currency has gone exactly as followers of the Austrian school predicted: a continuing decline in the dollar’s purchasing power accompanied by a decline in the standard of living of middle- and working-class Americans, a series of Federal Reserve-created booms followed by increasingly severe busts, and an explosive growth in government spending. Federal Reserve policies are also behind much of the increase in income inequality.

Since the 2008 Fed-created economic meltdown, more Americans have become aware of the Federal Reserve’s responsibility for America’s economic problems. This growing anti-Fed sentiment is one of the key factors behind the liberty movement’s growth and represents the most serious challenge to the Fed’s legitimacy in its history. This movement has made “Audit the Fed” into a major national issue that is now closer than ever to being signed into law.

Audit the Fed is not the only focus of the growing anti-Fed movement. For example, this Wednesday the Arizona Senate Finance and Rules Committees will consider legislation (HB 2014) officially defining gold, silver, and other precious metals as legal tender. The bill also exempts transactions in precious metals from state capital gains taxes, thus ensuring that people are not punished by the taxman for rejecting Federal Reserve notes in favor of gold or silver. Since inflation increases the value of precious metals, these taxes give the government one more way to profit from the Federal Reserve’s currency debasement.

HB 2014 is a very important and timely piece of legislation. The Federal Reserve’s failure to reignite the economy with record-low interest rates since the last crash is a sign that we may soon see the dollar’s collapse. It is therefore imperative that the law protect people’s right to use alternatives to what may soon be virtually worthless Federal Reserve notes.

Passage of HB 2014 would also send a message to Congress and the Trump administration that the anti-Fed movement is growing in influence. Thus, passage of this bill will not just strengthen movements in other states to pass similar legislation; it will also help build support for the Audit the Fed bill and legislation repealing federal legal tender laws.

This Wednesday I will be in Arizona to help rally support for HB 2014, speaking on behalf of the bill before the Arizona Senate Finance Committee at 9:00 a.m. I will also be speaking at a rally at noon at the Arizona state capitol. I hope every supporter of sound money in the Phoenix area joins me to show their support for ending the Fed’s money monopoly.

This article first appeared at

Copyright © 2017 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given.




Supporters of Thomas David House of Deegan erected a crime scene near the Wood County Judicial Building, located in Parkersburg, West Virginia.  In what was thought to be a jury trial for Thomas ended up being another pretrial hearing before Judge Jeff Reed in Circuit Court.  Afterwards, Pastor Butch Paul gave a death eulogy for America.  Other supporters who gave speeches included Phil Hudok, Carl Alfred, and Darlene Deegan.  Thomas’s trial is scheduled for March 15th.




So, just how long have central bankers controlled the U.S. mainstream press?

1915 – “In March 1915, the J.P. Morgan interests … got together 12 men
high up in the newspaper world and employed them to select the
most influential newspapers in the U.S. and [a] sufficient number
of them to control generally the policy of the daily press of the
United Sates. These 12 men worked the problem out by selecting
179 newspapers, and then began, by an elimination process to
retain only those necessary for the purpose of controlling. They
found it was necessary to purchase control of 25 of the greatest
papers. The 25 papers were agreed upon; emissaries were sent to
purchase the policy, national and international of these papers;
an agreement was reached; the policy of the papers was bought, to
be paid by the month, an editor was furnished for each paper to
properly supervise and edit information regarding the questions
of preparedness, militarism, financial policies, and other things
of national and international nature considered vital to the
interests of the purchasers…. This policy also included the
suppression of everything in opposition to the wishes of the
interests served.” Congressional Record, Volume 54, 9 February
1917, pp. 2947-2948. Congressman Oscar Callaway

Any questions?

House approves Ron Paul’s ‘Audit the Fed’ bill

Nathan Laurenson


Even after Rep. Pauls retirement his audit the Fed bill lives on.

Please support call your senator today and tell them to support the bill today.


Bill approved on a 333-92 vote in the House but likely will end on the Senate floor. Sen. Majority leader Harry Reid once supported an audit of the Fed but changed his mind and vote in 2012. The new bill is sponsored by Rep. Paul Broun from Ga. All but one republican and 106 democrats voted in favor of the bill.

The Federal Reserve Act was signed in 1913 and is controlled by 12 private banking institutions. So every aspect of our lives financially even our tax dollars are actually controlled by private banks. Fed Chairman Alan Greenspan stated that the Fed answered to no one but themselves, so that makes them above our government. We can’t even find out where all the money is going so auditing the fed is essential to taking back our financial freedom. Thomas Jefferson stated “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

Woodrow Wilson was elected President in 1913, beating incumbent William Howard Taft, who had vowed to veto legislation establishing a central bank. One year earlier, in 1912, Wilson was brought to Democratic Party headquarters by Bernard Baruch, a conspiring banker mogul. Here Wilson agreed to a deal with the devils in exchange for political and financial support from the Rockefeller-Morgan bankers. Wilson swore in secret that if elected President, he would support the banker’s Federal Reserve scam and push for the first ever progressive income tax on the American people. So in 1913 President wilson brought us both the Federal reserve act and The Revenue act of 1913.


“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit… all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world, no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”