Category Archives: Fiat Money
Ron Paul: Cyprus Crisis Highlights the Dangers of Fractional Reserve Banking
by Ron Paul The dramatic recent events in Cyprus have highlighted the fundamental weakness in the European banking system and the extreme fragility of fractional reserve banking. Cypriot banks invested heavily in Greek sovereign debt, and last summer’s Greek debt … Continue reading
Ron Paul: The Fed and Congress Should Return to Fiscal and Monetary Sanity
The Federal Reserve announced on Wednesday that it will continue its easy credit policies – to no one’s surprise. But its statements on fiscal policy are confusing and contradictory. While the Fed has for several years criticized Congress’ inability to … Continue reading
Ron Paul: Gold Is the Ultimate Money
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Ron Paul: The Sequester ‘Crisis’ And What Should Be Done
by Ron Paul Despite what the media and politicians would have us believe, the United States did not collapse last Friday when the package of spending reductions known as “sequestration” went into effect. The financial markets hardly blinked, as they … Continue reading
Ron Paul: Fiat Money Is NOT Wealth
by Ron Paul Last week President Obama bluntly warned Congress that he will not negotiate when it comes to raising the statutory debt limit. If Republicans attempt to use a debt ceiling vote to win concessions on spending from the … Continue reading
