Representative Ron Paul (R-Texas) has a new partner in his battle against the Federal Reserve — his son Rand, the newly elected Senator from Kentucky.
In an interview on Fox Business Wednesday, Ron says he and Rand plan to offer a bill to end the Federal Reserve on their first day of the new Congress. Ron Paul expects to have even more influence over the country’s monetary policy if he is named the new chairman of the Financial Services Subcommittee on Domestic Monetary Policy. This will give him subpoena power, and he could then subpoena Fed Chairman Ben Bernanke.
Fox contributor Judge Andrew Napolitano believes the subpoena is the best way to battle the Fed considering that President Barack Obama would probably veto any bill to end or audit the Fed.
For the uninitiated, the interview by Fox Business’ David Asman of Ron Paul and Napolitano does a great job of clarifying the danger posed by the private banking cartel — known as the Federal Reserve — on our nation’s monetary policy.