Ron Paul, The Fed, and Gold!

“Gold is going to continue to rise!”

“You’ll see gold double, triple, and quadruple if we don’t do the right thing. Those who want to cut spending and tie it into monetary policy have a very important job,” said Dr. Ron Paul in a recent interview. 

And soon Ron Paul may have a very important job!

After a long congressional career as gold expert and Washington’s leading voice for sound money, liberty and prosperity, Dr. Paul may finally see the Federal Reserve subjected to an audit – and may serve as the audit’s chairman! 

 At least Elon Musk, the head of President Trump’s Department of Government Efficiency, thinks that would be a very good idea.

And what an appropriate appointment for Ron Paul, who year after year tried to get Congress to pass an Audit the Fed measure.  So great was the demand to have the Fed audited that when Paul ran for President, he was met on college campuses by thousands of students chanting “End the Fed!  End the Fed!”

That popularity moved 270 congressmen to sign on as co-sponsors of Paul’s Audit the Fed measure in 2012.    Yet such is the power of the Fed, that on the vote for final passage, eight House Democrats who co-sponsored the bill voted against it.

“All aspects of the government must be fully transparent and accountable to the people. No exceptions, including, if not especially, the Federal Reserve,” Musk said in a recent post on X.

In other recent posts, Musk was asked if Ron Paul should head the Fed audit.  “That would be great!” he replied.   Another post asked who would like to see Ron Paul as the Federal Reserve Chairman, to which Musk replied, “That would be awesome.”

The Federal Reserve has desperately resisted an audit. It doesn’t want the American people to learn the inside story of its destruction of their wealth, in their name and with their currency.  For example, Senator Bernie Sanders wrote that a 2011 Government Accounting Office inquiry found that the Fed:

… provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression…The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo.  The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.

 An audit of the Fed would be a blockbuster revelation.  It will have Americans demanding a return to gold.

Meanwhile, Dr. Paul points out that, “In the last year, there was an explosion of interest in gold. Gold is going to continue to [rise]. When gold exploded in the 1970s, it went from $35 up to $800.”