Comment: I never heard

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I never heard

I never heard Ron Paul ever say on national TV that the Fed is a “privately-owned" central bank. If you can provide any clips it would be appreciated.

“The Federal Reserve prints money out of thin air to pay for big government spending”,

No… the Federal Reserve prints money out of thin air, $16 trillion between 2007 and 2010, to give it away to private banks and corporations all over the world driving the American people into further debt… not “big government spending”

“I understand the inflation tax now -- this really hurts middle and low-income Americans!”

Most of the money the Fed prints doesn’t go into the American economy to create inflation but it’s used by the banking system (their owners) for market manipulation and lending the government money to pay the $450 billion annual interest payments on the $17 trillion debt… The inflation is a cover and "big government spending" is to blame for it … the American economy is actually starving for money which is why it’s in a recession

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix