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Ron Paul: Our current banking system is about counterfeiting money

Ron Paul: Our current banking system is about counterfeiting money

On July 9, Congressman Ron Paul compiled testimony of a recent hearing in the House on fractional banking, and the Federal Reserve's control of monetary policy. From that testimony, Congressman Paul emphasized that the primary moral hazard in our economy is that America's current banking system's use of fractional banking was the equivalent of making money appear out of thin air, or in fundamental terms, legal counterfeiting.

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http://www.examiner.com/article/ron-paul-our-current-banking...



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