End The Fed（ISBN=9780446549172） pdf mobi txt 2024 电子版 下载

In the post-meltdown world it is irresponsible, ineffective, and

ultimately useless to have a serious economic debate without

considering and challenging the role of the Federal Reserve.

Most people think of the Fed as an indispensable institution

without which the country's economy could not properly function.

But in END THE FED, Ron Paul draws on American history, economics,

and fascinating stories from his own long political life to argue

that the Fed is both corrupt and unconstitutional. It is inflating

currency today at nearly a Weimar or Zimbabwe level, a practice

that threatens to put us into an inflationary depression where $100

bills are worthless. What most people don't realize is that the Fed

-- created by the Morgans and Rockefellers at a private club off

the coast of Georgia -- is actually working against their own

personal interests. Congressman Paul's urgent appeal to all

citizens and officials tells us where we went wrong and what we

need to do fix America's economic policy for future

generations.

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书籍介绍

During the 2008 presidential campaign over 4,000 students gathered at the University of Michigan to hear Republican candidate Ron Paul speak. As he began to address the topics of monetary policy and the coming depression, a chant came from the crowd, 'End the Fed! End the Fed!' As dollar bills were set on fire, it became clearer than ever that the real problem, one that nobody in the media was talking about, was the central bank - an unconstitutional entity and a political, economic and moral disaster. Most people think of the Federal Reserve as an institution that has always been there and isn't going anywhere. But in END THE FED, Ron Paul draws on American history, economics and fascinating stories from his own political life to argue that the Federal Reserve is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put the US into an inflationary depression where $100 bills are worthless. What most people don't realise is that the Fed - created by the Morgans and Rockefellers at a private club off the coast of Georgia - is actually working against their own personal interests.

• 作者：晓光 发布时间：2024-01-24 13:00:32

  戏如人生，人生如戏。初恋、婚姻、出轨…有何止不是一个圆环套另一个圆环…

• 作者：乔峰 发布时间：2024-04-24 10:09:10

  与其说愚蠢的核弹，不如说贪婪自私、狂妄自大的当权者。

• 作者：小特Rockwall 发布时间：2024-03-28 23:05:36

  核心思想是抱着好奇心、开放的心态，扩大交际圈，保持敏锐性，生活有可能实现好运气的“穿针引线”。西方的那套写作风格，引用大量的案例且冗长，写得很分散，翻阅很快，但启发很有限。20240328@深圳出差酒店

• 作者：大明康熙年制 发布时间：2024-05-28 17:53:33

  查资料，页码有错。

• 作者：大豆油 发布时间：2021-05-20 15:36:24

  文字排版不整齐 总的来说概念推演还是很清晰的

• 作者：大丁 发布时间：2013-12-31 11:06:53

  喜欢作者，喜欢他的书，很形象的老杭州人

• 终结美联储，终结美元

  作者：谌毅兵 发布时间：2010-11-06 14:50:44

• 作业！第一次写这样的东西

  作者：万户侯 发布时间：2012-01-20 09:22:55

  Do we need end the Fed?

  -----review of the book “End the Fed”

         When I browser the news about Chinese Economics, I find the People’s Bank of China which is the central Bank in China is similar with the FED. They need to print the money so crazy for maintaining the speed of increasing the GDP. Quoting the news in the Internet, we know the M2 in China will increase 16% in the future. However, the government only pays the attention on the speed of increasing the GDP, missing the inflation.

          As we know the FED has the important function of maintaining the stable of American economics. Even so, most of the Media only use the good word to illusion the Fed. They little mentioned the negative side of the FED like Money Press. When you control the right of pressing the money, you are unable to reject to press more money. In this condition, the money is not the money.

          After the Financial Crisis which happened in 2008, the FED had pressed a lot of the dollar to maintain the improvement of Economics. During the period of the time which there are many banks or other financial institutions will be bankrupt. The Fed changes the role in this capital game from a judge to a player. As another economist Merlin Perry said, the Fed does the same things as the AIG or Lehman Brothers. The difference just is the lower leverage and higher the interest rate. Because Professor Merlin Perry thought when the Fed restarted the TALF to support the AAA level of new securities lending, and then start the mortgage-backed securities, and thus start to freeze on the stock market evidence. The FED transfer itself the role in the capital game. But when we overview the whole world, we will find the role of every central Bank had shift or transferring. All of Central Bank become to a last lender in the economics activities. For example, when the Bank of Bahrain had a terrible mistake of investing in Argentina, the Bank of England, the central Bank of England, lend a lot of money to Bank of Bahrain. Another example is the Fed lend to the Citi Bank and Bank of America after the Financial Crisis in 2008. Even though we find the People’s Bank of China never play the role of Lender. But in the China, they have another institution to lend and maintain the stable of Bank, which is called Central Huijin Investment Ltd. It will buy the bad debt and doubtful from the Bank like Bank of China, ICBC. To illustrate, when the Agriculture Bank of China prepares to list, the Central Huijin bought about 300 billion Yuan to reduce the bad debit and doubtful in Agriculture Bank of China.

          But as an institution to control the stable of economics, if they buy the bad debit or doubtful, where is the money from?? The most of Central Bank will have a solution of pressing more money. Then the inflation is appearing. And then in some years, due to the inflation, the economic will stick to mud because the central Bank can’t keep the balance between in inflation and development. So the Ron Paul thinks the Fed is why we have the Financial Crisis.

          So the Professor Ron Paul tells us, we need to end the Fed. Because it will bring many problems like bring Wars, change the sense of value for the American Culture.

  This book End the Fed explains harmful consequences of our monetary policy and fractional reserve banking. In this system, money comes into existence only through debt and is then used to create more debt. There is an over reliance on debt and too much debt can be harmful to most citizens.

  Why does the Fed resist telling us where the money went that it disbursed in the early stage of the global financial crisis - when a little liquidity allowed beneficiaries to buy any assets at fire-sale prices? This is the question I return to most often.

  The Fed makes funds available for government spending far in excess of what could sustainably be raised through direct taxation. Paul posits that our military engagements would not have played out as they did if government had to pay at least in part by raising taxes. Seen this way, the Fed influences political policy far more than people are generally aware.

           If we put our attention on the second largest country in GDP, China, we will find the central Bank which has the right to press money, bring a terrible inflation in China. The citizens have to insurance the high CPI above 5%. But if we do some research in the real life in China, we will find the real inflation rate is about 10%.

  For example, when my friends start studying in the college life, they only spend 1000 yuan ever month and they can get a good life in college. But when they start their junior life in university, they find they need 2000 yuan to maintain the life as same as the freshman year. They tell me the price of many goods is 2 times with previous price. They give me an example that the price of a bowl of noodles is 3 yuan in 2009, but the price is 5 yuan right now, and the dinner hall gave a notice of increasing the price. The noodle is the most basic food for the people who live in the place which my friends studying. But the problem is the have a low interest rate which is only 3%.

  So the Fed press more money will bring a high price of Commodities. Then the price of Commodities increases will leading to grow the price of other goods.

          Adapt to these reasons, Ron Paul suggests to return to the Gold Specie Standard which means “dollar is dollar”. It can be dismissed the disadvantage of Monetary hyper.

         But as we know, the gold is limited and about above 50% gold is owned by USA, England, France, German. So if the monetary policy of the whole world transfers to the Gold Specie Standard. We will find these 5 countries becoming more powerful and other countries had to alive with these five countries. Maybe another advantage of this policy is the whole world will become a Five-polar World to instead of the Single-polar World right now.

  What’s more, the speed of producing the gold is lower than the speed of generating the entries. If the government presses another currency replaces the gold which is mixed with gold. As the “Bad money drives out good” principle, the gold will out of the market. So the result is that return to the paper money.

        As my opinion, the right way is to limit the Fed to press the money. We should eliminate the behavior of the fed pressing the money without monitor by the citizens. I think we have not a better system to instead the central bank like the Fed. But we should strengthen the supervision of the Fed.