For others information:

The Federal Reserve Bank is a privately owned corporation

The Federal Reserve, an unelected and unaccountable private organization, pumps more dollars into the economy whenever it chooses. Basic economics tells us that the more there is of a commodity, the less valuable it becomes. This is also true of money: The dollar is worth 4 cents of what it was when the Federal Reserve was created in 1913. Every day, every dollar we hold is devalued. We pay an "inflation tax" without even realizing it because we are forced by a falling dollar to pay more for goods and services. Of all the presidential candidates, Republican or Democrat, only Dr. Paul is addressing this profound flaw in our economic system.

In 1802, then-President Thomas Jefferson wrote the following in a letter to Secretary of the Treasury Albert Gallatin:

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."

Thomas Jefferson's words are proving prophetic indeed. Today, the economic bubbles created by the Fed have resulted in massive foreclosures across the country while China and Saudi Arabia, sitting on trillion-dollar sovereign wealth funds, snap up major interests in marquee American companies. America, once the world's greatest creditor nation, is now its greatest debtor.