bobbyw24
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- Sep 10, 2007
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PHOENIX, May 12 /PRNewswire/ - America's anger towards Goldman Sachs would be better directed towards the Federal Reserve Bank, which creates the credit, said Texas Congressman Ron Paul during a candid interview with Jay Taylor on Mobileinvestor.com. Paul who has been outspoken in his disapproval of the Federal Reserve Bank claimed the organization of exists to take care of big banks and companies like Goldman Sachs.
"I think a lot of this attack on Goldman Sachs won't amount to much," said Paul. "I think they're still a favorite of the administration and a favorite of the central bank and they'll be taken care of. Politically speaking they had to do something because there's been enough written and understood about how Goldman Sachs had benefitted and escaped it."
Under the current laws the Federal Reserve Bank can monetize all kinds of debt and making secret deals around the world without having any accountability to the American people, he said. Paul insisted a clean audit of the Fed and the legalization of competition is needed to prevent a currency crisis.
"Taxes on gold and silver are kept in place partly to keep currency competition from occurring," said Paul. "If we don't do anything it's going to be very chaotic if we have a currency crisis, which is what I anticipate."
Paul's interview was published by MobileInvestor.com which provides daily exclusives with the most sought after movers and shakers in the financial world. The full interview can be found on www.mobileinvestor.com
http://www.prnewswire.com/news-releases/ron-paul-says-americas-anger-toward-goldman-sachs-should-be-directed-at-federal-reserve-bank-93565314.html
"I think a lot of this attack on Goldman Sachs won't amount to much," said Paul. "I think they're still a favorite of the administration and a favorite of the central bank and they'll be taken care of. Politically speaking they had to do something because there's been enough written and understood about how Goldman Sachs had benefitted and escaped it."
Under the current laws the Federal Reserve Bank can monetize all kinds of debt and making secret deals around the world without having any accountability to the American people, he said. Paul insisted a clean audit of the Fed and the legalization of competition is needed to prevent a currency crisis.
"Taxes on gold and silver are kept in place partly to keep currency competition from occurring," said Paul. "If we don't do anything it's going to be very chaotic if we have a currency crisis, which is what I anticipate."
Paul's interview was published by MobileInvestor.com which provides daily exclusives with the most sought after movers and shakers in the financial world. The full interview can be found on www.mobileinvestor.com
http://www.prnewswire.com/news-releases/ron-paul-says-americas-anger-toward-goldman-sachs-should-be-directed-at-federal-reserve-bank-93565314.html
