Ron Paul and Auditing the Federal Reserve

Ron Paul is the only man in government who seems to have a grasp of reality ["Exclusive Conversation With Ron Paul: The Future of the Federal Reserve," usnews.com]. We are broke and nobody is even looking at the checkbook. Inflation of our currency means we all pay more and more for everything and more and more people will not be able to pay their bills, meaning more mortgage defaults and bankruptcies. Interest rates must rise sooner or later, to oppressive levels that will cripple our economy because small business will not be able to obtain funds to expand. Are banks even lending money these days? Where did that TARP money go anyway? Now take into account the very high taxation that will be needed to service the national debt, not to mention the baby boomers all retiring and going on Social Security and Medicare. A financial disaster is looming, we know it, Ron Paul knows it, but the rest of the boneheads who claim to represent us refuse to see what is going on. I truly fear for our country if foreign countries stop servicing our debt, or worse, call in their chips and threaten war if we can't pay up. Can you spell China? They don't want the dollar to collapse any more than we do, because they own so much of our debt, but inflation is one clever but evil way to devalue that debt. Who really knows where their breaking point is?

http://www.usnews.com/blogs/letters-to-the-editor/2009/06/25/ron-paul-an...