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End the Fed Hardcover – September 16, 2009
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Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in End the Fed, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed -- created by the Morgans and Rockefellers at a private club off the coast of Georgia -- is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.
- Print length224 pages
- LanguageEnglish
- PublisherGrand Central Publishing
- Publication dateSeptember 16, 2009
- Dimensions5.5 x 1 x 8.25 inches
- ISBN-100446549193
- ISBN-13978-0446549196
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Editorial Reviews
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Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Review
--Arlo Guthrie
"Everyone must read this book--Congressmen and college students, Democrats and Republicans--all Americans."
--Vince Vaughn
About the Author
After serving as a flight surgeon in the U.S. Air Force in the 1960s, Dr. Paul moved to Texas to begin a civilian medical practice, delivering over four thousand babies in his career as an obstetrician. He served in Congress from 1976 to 1984, and again from 1996 to 2012. He and Carol Paul, his wife of fifty-one years, have five children, eighteen grandchildren, and one great-grandchild.
Ron Paul, the New York Post once wrote, is a politician who "cannot be bought by special interests."
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Product details
- Publisher : Grand Central Publishing; 1st edition (September 16, 2009)
- Language : English
- Hardcover : 224 pages
- ISBN-10 : 0446549193
- ISBN-13 : 978-0446549196
- Item Weight : 11.2 ounces
- Dimensions : 5.5 x 1 x 8.25 inches
- Best Sellers Rank: #61,225 in Books (See Top 100 in Books)
- #78 in Banks & Banking (Books)
- #90 in Money & Monetary Policy (Books)
- #161 in United States National Government
- Customer Reviews:
About the author

Ron Paul, an eleven-term congressman from Texas, is the leading advocate of freedom in our nation's capital. He has devoted his political career to the defense of individual liberty, sound money, and a non-interventionist foreign policy. Judge Andrew Napolitano calls him "the Thomas Jefferson of our day." After serving as a flight surgeon in the U.S. Air Force in the 1960s, Dr. Paul moved to Texas to begin a civilian medical practice, delivering over four thousand babies in his career as an obstetrician. He served in Congress from 1976 to 1984, and again from 1996 to the present. He and Carol Paul, his wife of fifty-one years, have five children, eighteen grandchildren, and one great-grandchild.Ron Paul, the New York Post once wrote, is a politician who "cannot be bought by special interests." "There are few people in public life who, through thick and thin, rain or shine, stick to their principles," added a congressional colleague. "Ron Paul is one of those few."
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The Federal Reserve is the monster inside every Americans' medicine cabinet, dark closet and under every bed. We can't escape it and yet we work harder each day to pay our taxes and bills and even when we think we are sort of getting a little ahead, we are drowning due to inflation from a debased currency. Most don't know how to deal with this monster, so we ignore it and hope our ignorance will keep us from being one of the more tragic victims.
However, make no mistake, we will all drown and be destroyed by this monster...except for the 1% at the top who will always and forever keep their pile of riches. And the amazing part, is that this monster is actually CREATED by that same 1% in order to enslave fellow Americans. If that fact alone does not make you furious and ready to go to war against the crooks in charge, then you are living in a fantasy and delusional denial.
Three families are destroying the US and they are using the Federal Reserve as their main tool. How? By giving politicians free money which they can use to spend on their projects and to effectively buy votes. So these three families leverage the power-hungry types by giving them money as a means to get them power. In return, the power-greedy politicians agree to tax future Americans by force, and give the profits back to these same families. It is an immoral scam, 100% unconstitutional, and yet it is the good ol' USA you live in right now! Feeling patriotic anyone??
Who are these three families who are secretly waging war against every man, woman and child in the US?
The Rothschilds (Bank of America), the Rockefellers (Citibank), and the Morgans (Chase).
What we will do to fight against these families who are content to drown the rest of us so that they can not only survive, but live in grandeur and luxury? This is exactly like 1917 Russia. Will we storm the bankers' palaces, strip them of power and cast them down? Or will we just give up and let them continue to drown us instead? Who among you will rise up and reject the status quo? Who among you will throw off the modern slave chains which now take the form of inflationary tax from devalued currency?
If any of you will stand up and say, "give me liberty or give me death", now is your hour to join the movement to ban the Federal Reserve. And it really is that simple. We don't actually even need to physically fight anyone. All we need to do is use the political channels to End the Fed. If you are up for this, this book will help you gain great insights. I highly suggest you read it.
The main event is the establishment of the Federal Reserve in 1913. Since then the dollar has lost 95 percent of its value. This means today's dollar is worth 5 cents in 1913 dollars and it takes about twenty dollars today to equal the value of a 1913 dollar. So the main purpose of the Fed has been to devalue the dollar through inflation. This has allowed politicians to spend endlessly to keep themselves in power while pushing the nation towards bankruptcy.
Other important events include FDR's confiscation of all privately held gold in 1933. What the government will confiscate in the next economic crisis to save itself we do not yet know. In 1971, Nixon was forced to have the United States default on its promise to exchange an ounce of gold for every 35 dollars, thereby taking the country off the gold standard. This allowed the Federal Reserve to print fiat money, meaning it could print as much money as it wanted. This has led to a national debt of $18 trillion and widespread economic and social disorder.
Paul believes the main downfall of the United States was the famous Supreme Court case of McCulloch in 1819. This was only 31 years after the US Constitution was written allowing only gold and silver money. The Supreme Court decided that the Constitution had "implied powers" letting Congress do whatever it felt was "necessary and proper" to govern the country. This meant Congress could basically do anything it wanted and led to its establishing the Federal Reserve and its nonstop depreciation of the dollar.
I believe the downfall came even earlier with the Marbury case where the Supreme Court also decided that only it had the power to decide what is constitutional, thereby giving its unelected members unlimited power over the elected branches of Congress and the Presidency, as well as all the states. This was the biggest power grab in American history and has allowed the court to overturn any act of any legislature and any act directly approved by voters it does not like. This is easy because the Constitution is worded broadly so the court can decide anything is unconstitutional. All of this has led to the spectacle of people breathlessly waiting to hear what policies these elite institutions have decided to impose on the country, while maintaining the myth that they are in control because they live in a "democracy."
Paul believes the artificial economic boom based on inflated fiat currency, which started in 1971, basically came to an end in 2000 with the stock market crash led by the tech sector. Since then the economy has struggled to improve and the average American has hardly prospered at all. The Great Recession of 2008 was basically caused by inflated dollars pouring into real estate. The bubble happened there because the federal government through the Community Reinvestment Act mandated that poor people, especially minorities, be given mortgages regardless of their creditworthiness. The subprime category was established to comply with this mandate. Paul rightly calls this affirmative action lending. The main factor in lending became race instead of ability to pay and credit history.
The United States is now obviously in decline and social disorder is spreading after a brief hiatus. Just look at places like Ferguson and Baltimore where the police were ordered to stand down and let the riots continue. Meanwhile the rioters were having a great time destroying property, taking selfies, and posing for television cameras. Resisting arrest has been basically decriminalized in the mainstream media.
It is apparent that the country is in the same "bread and circuses" stage as the declining Roman Empire. Today the bread is massive welfare spending and massive inflation of the currency. The main circuses are the biennial national elections which are the country's main form of entertainment. The elections are basically a ceremony where people pay homage to the myth that they govern. Meanwhile the real ruling elites such as the Supreme Court and the Federal Reserve make all the important decisions.
Top reviews from other countries
As this is just a review I will state as simply as possible how Dr. Paul piercingly questions the current system, and the positive answers and alternatives he provides. Also, the latter point many neglect and simply criticise - a true strength of Dr. Paul.
How is it free market capitalism if central banks bail out large corporations, removing competition, profit - loss incentives and instituting moral hazard?
How will the ordinary person react when they have worked and saved, yet quantitative easing causes asset price inflation, putting home ownership out of their reach?
How can a small coterie, of even the smartest experts have the knowledge to 'run' the economy, which consists of billions of people and micro-economic processes?
Does central banking not necessitate political corruption and special interests feeding at the government trough, thus undermining the strength of the economy?
Fostering self-reliance, entrepreneurship and independent kindness is the true moral solution.
Ending fiat currency prevents money supply inflation and excessive debt (monetising the debt), and therefore war without applicable taxation.
The Austrian School business cycle theory thoroughly explains how central banks cause the boom - bust cycle, and how we can avoid the worst of this.
I would recommend this book to people of all nationalities and political and economic stripes. Dr. Paul also has an affable prose style: he reminds me of the old prospector in a western who's the one good guy in town, and warns the hero (all of us as citizens) about the crooked sheriff/ and or town establishment.
`End the Fed' explains how the bank was created and the fundamental problems with fiat money and the obvious inflation that is created. It's an easy and frankly astounding read and if you don't fully understand what money is and how it is created you owe it to yourself to read this book. There are few things more important, especially in an era when our own government has created £200B out of thin air.
For a fictional account of this theory of economics and politics, you may want to try this Single Acts of Tyranny





