Audio: Representative Ron Paul on Alex Jones Show

AUSTIN, TEXAS – Representative Ron Paul (R-TX) appeared today on “The Alex Jones Show” to discuss the progress of his legislation, H.R. 1207 “The FEDERAL RESERVE Transparency Act of 2009″, which is now up to 209 co-sponsors as of this afternoon. As reported by Reuters, the FEDERAL RESERVE is for the first time fearing the momentum behind H.R. 1207 and has now hired former Clinton Administration and Enron employee, Linda  Robertson to craft a counter public relations campaign in hopes of derailing H.R. 1207.

As we reported earlier today regarding comments from Jim Grant during an interview on CNBC, Chairman Ben Bernake knows that an actual independent audit of the FEDERAL RESERVE would expose it as the corrupt private entity which has had a monopoly over the economy since its inception in 1913.

Upon the creation of the FEDERAL RESERVE, Congress ceded its Constitutional authority under Article I, Section 8, Clause 5 to coin money and regulate the value thereof to a group of private bankers and financiers. Further, Article I, Section 10, Clause 1 of the Constitution states that only gold or silver shall be tendered for repayment of all debts. In 1971, President Richard Nixon via an Executive Order, bypassing Congress wholly removed the Dollar from being backed by Gold. Thus, on that date, our Dollar once redeemable for actual Gold or Silver, became what is known as a “fiat” currency backed by nothing other than government decree.

Since that day in 1971, the Dollar has gone on to lose another 20%. Consequently, today’s wholly fiat Dollar is worth approximately$0.04 cents compared to its value just prior to the inception of FEDERAL RESERVE.

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