Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Do you think Dr. Ron Paul is right about abolishing the privately owned for-profit Federal Reserve Inc. ?
Or does America really need a privately owned central bank to print a fiat paper currency out of thin air then charge the American people (plus interest) on 'money' they created from nothing with some paper, ink and a printing press?
14 Answers
- 1 decade agoFavorite Answer
Absolutely. The people who are educated about these issues are the ones who can debate this issue, unlike all the "ignorant" answers based on blind stupidity.
It's funny to see how many weak minded Americans have been cajoled into their ignorant places of non reasoning. I know how the Federal Reserve works, and anyone with a college degree can logically conclude that there is no gold in Fort Knox. The Federal Reserve will suck all the cash out of this country and we will have a depression the likes you have never seen. Yes, we need to stop paying interest on our own money.
- 5 years ago
Brilliant, but I am more impressed with Dennis Kucinich's National Emergency Employment Defence Act that would Nationalise the Federal Reserve and bring it under the Control of the US Treasury.
- 1 decade ago
WOW, you guys are a bunch of ******* sheep. Why don't you do some research. Ron Paul knows more about right and wrong than anyone. Why don't you look up his voting record you idiots. It's people like you who are ruining America. If you know anything about the Fed you'd know it's unconstitutional and the country is run by private bankers no matter who you vote for except Ron Paul. Don't ****** vote at all if you're not even smart enough to know this ****.
- Anonymous1 decade ago
It was the Republicans idea that the Federal Reserve be started because the majority of "Stock Holders" in it are wealthy Republicans! - Fact!
And this is exactly what the Federal Reserve is doing!
They want to maintain a high National Debt so they can pay for it and charge the Americans interest on top of it!
Source(s): a realist! - How do you think about the answers? You can sign in to vote the answer.
- anya_mysticaLv 41 decade ago
The Federal Reserve is the biggest scam ever. It's neither federal nor does it have any reserves. It mind as well be monopoly money. We have been screwed blue! And I love Ron Paul for being a truth teller.
- LadyZaniaLv 71 decade ago
I certainly DO think he is right, and of course we DO NOT NEED a privately owned central bank. LZ
- Anonymous1 decade ago
At least someone in government is giving us a warning. To bad only a few are listening.
- 1 decade ago
You answered your own question with the details. Yes, it's pretty much a scam and will have major financial reprecussions at some point. Also, it's unconstitutional as the government should not be able to delegate the production of currency.
- 1 decade ago
(Quote)If you don't like it, then use a private bank where your funds are not insured.(Quote)
(Quote)Ron Paul is dangerous.(Quote)
Baaaaa - Baaaaa
Like Sheep To The Slaughter
- Anonymous1 decade ago
Ron Paul is right on very few issues if any in general. His opinion has very little relevance.