Ron Paul discusses the G-20 Summit and the global push for a “new reserve currency” to replace the dollar standard that has been in place since 1971 and the creation of an “international central bank.”
It is truly amazing that the dollar standard has lasted as long as it has since gold and silver coin as tender payment was officially banned when the Nixon administration abolished the Bretton Woods system. And the idea of creating an international central bank will likely cause the same problems that the U.S. experienced when the Federal Reserve was created. On this last point, see for example Fiat Empire videos or The Corrupt Origins of Central Banking at Mises.org.
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Tags: Federal Reserve, Ron Paul, Video
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