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End the Fed Hardcover – Bargain Price, September 16, 2009
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From Publishers Weekly
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
"Everyone must read this book--Congressmen and college students, Democrats and Republicans--all Americans."
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Top Customer Reviews
My in-person discussions with many people make me believe this book's title is well-known while the content is practically unknown.
This book has nothing to do with whether the Fed should ease or restrict monetary supply. At its heart the book questions our government's balance of power and holds that a group of bankers is too dominating. Meanwhile the political activities of Ron Paul and Rand Paul have often confused me and I cannot connect a lot of their positions with this book.
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The Fed is run by creditors. These creditors are not willing to transfer value to debtors by reducing the debt except in token ways. Instead the creditors force increases of the debt on the nation as the solution to most economic problems.
But there is a secret, however unlikely: we can in theory completely pay off the national debt by introducing U.S. Notes. Separately, the Fed could in theory be made to agree to forgiveness of the national debt that it holds.
End the Fed is the story of how the country ended up with a lot of debt not through informed choices but because of our money system.
In its first response to the global financial crisis, the Fed disbursed trillions in a secret manner. That money bought fire sale assets from individuals obliged to keep current with debt payments. That money saved Wall Street's bonus system and led to the debate over whether the Fed should tell us where the trillions went.
(Recommended reading: Declare Independence from Party Affiliation)
The Federal Reserve Act delegates money power to a private banking monopoly.Read more ›
Economics 101: When you create more of something, the value decreases.
Economics 201: The Federal Reserve printing (Liquidity Injections) of Federal Reserve Notes (Dollars) has decreased their value.
Economics 301: The dramatic increase of Federal Reserve money printing in the last couple of decades has devalued our money and caused the current economic crisis.
Economics 401: The Fed is trying to solve the problem with more of the same thing that caused the problem.
Of course it's more complicated than this, and that's where this book is so important. Dr. Paul explains the history of the Fed, its relationship to modern wars and a myriad of other societal ills, the inevitable failure of a fiat currency and, more importantly, how we can get out of this mess.
The Federal Reserve system is nothing less than the most brilliant tool ever for the transfer of wealth and power from the average citizen to the wealthy and powerful, and we must rein it in to preserve our freedom. I know I must sound dramatic, but I can not stress enough the importance of honest, realistic, economic education. This book is a great first step. It should be required reading in all our schools.
*A short and easy read (it's a "one-day" book.)
*Contains countless statements of pure truth. For instance, discussing the expansion of the nation's money supply, Paul writes: "Noble intentions are always used to justify the inflation, but the real reasons are far more sinister. Those who get the control over the money are beneficiaries, not the people as a whole."
* Provides a priceless "inside the government" perspective of the FED's power to guide and corrupt foreign and domestic policy.
* Destroys the main arguments "in support of" the FED.
* The reader's understanding of basic monetary terms is often assumed. Example: "The prohibition of paper money was for convertible certificates." (Most books that are "economic" in nature are guilty of this. That said, "END THE FED" is more accessible than most books on this topic.)
* I hoped to see more emphasis on explaining the mechanics of the system (and the common terms) so the newbie could really "get it." Dr. Paul is 100% correct when he says: "Only an understanding of how the monetary system works can correct this problem and protect the victims..."
Overall, this book provides us another excellent weapon in the battle against "The FED." Buy it, read it, and share it with others.
Most Recent Customer Reviews
If you are uncertain what a "Libertarian" is or what ideals the party believes in, this book is for you. Ron Paul does an excellent job telling why the Fed has GOT TO GO! Read morePublished 3 days ago by Kevin Casenhiser
Back around 2008 I started learning about the Fed, this book and The Creature from Jekyll island are must reads!Published 5 days ago by Kalvin
This is a great work. Thanks for the info Ron Paul. Now we need to AUDIT THE FEDERAL RESERVE!
Tell your congress people! Demand it!
The "fed" can't account for trillions of dollars and no one is holding them accountable. No wonder we are so in debt. Wake up America.Published 1 month ago by Gabby Cat