Friday, October 19, 2012
© Copyright 2015
After watching the last two debates between Romney and Obama, it's readily apparent that Americans have once again missed their opportunity to elect the only person who truly understands the principles of limited Constitutional government upon which our country was founded: Ron Paul. Once again, we're at the point of voting for the "lesser of two evils," or being stuck with another four years of Barack Obama.
I found it interesting that Romney correctly pointed out the fact that gas prices, food prices and pretty much everything else had risen in price since Obama took office, yet both he and Obama failed to point out that the main culprit of higher prices in nearly everything is the privately-owned, for-profit Federal Reserve. When politicians need money for whatever pork barrel project they desire in order to buy votes, they can simply sell a bond to the Federal Reserve.
When the Federal Reserve buys these bonds, they are literally creating money out of thin air. Those with first access to the newly created money, namely the politicians, receive the benefits. As the newly created money then circulates throughout the economy, it drives up prices for the rest of us. Of course, the bonds that the Fed has purchased must also be repaid, with interest, by us.
The U.S. Constitution says that no state shall make any thing but gold and silver coin a tender in payment of debts. An unbacked paper money system is the true cause of inflation, but don't expect Romney or Obama or any other politician other than Ron Paul to tell you this. Their vote buying and pacification of special interests depend on it.