Ron Paul: Fractional Reserve Banking IS A PONZI SCHEME

youtube.com — Ron Paul pulls no punches: "The Fed is just building a mountain of debt, and debt on debt. And if you really want to see a Ponzi scheme - take a look at Social Security! So yes, [Madoff's] $50 billion loss is terrible. But what about the losses we're creating by allowing the Fed to print money from thin air?" Jan 6, 2009 View in Crawl 4