'Ron Paul calls for fedgov to cancel $1.6 billion debt held by Fed' expats

Ron Paul calls for fedgov to cancel $1.6 billion debt held by Fed

Forum Post 08/05/11 12:16 Jerry Jones Gold Mine

Ron Paul calls for fedgov to cancel $1.6 billion debt held by Fed Ron Paul calls for fedgov to cancel $1.6 billion debt held by Fed Congressman and presidential candidate Ron Paul recently introduced legislation calling for the federal government to cancel the $1.6 trillion debt held by the Federal Reserve. Such a move creates legal challenges, one of which would be that the Fed would openly acknowledge that it is a private entity and thatfedgov has no authority confiscate its assets. (Fedgov had no "authority" to call in gold in 1933, but legal tests to that. The above is a snippet from a post in the Gold blog, gold blogs, blog silver, precious metals blogs RSS Feed. The link below is for the full post: Ron Paul calls for fedgov to cancel $1.6 billion debt held b...

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