With Federal Reserve Flooding the Economy With Billions, Ron Paul Fights Back

The Federal Reserve is destroying your wealth. They continue to print money to place into the economy in hopes it will cause some magical recovery, but what it is really doing is driving up costs and making your earnings worth less. Just days after the Federal Reserve announced it's willing to place up to a trillion more dollars into the economy, Ron Paul is ready to fight back.

Paul will continue to push for an audit of the fed. It is expected he will chair the committee over the central bank, and demand accountability and examine their monetary policy that continues to lessen the value of the dollar.

"I think they're way too independent. They just shouldn't have this power," Paul, a longtime Fed critic, said in an interview with Reuters. "Up until recently it has been modest but now it's totally out of control."

He also said he will work with Senator Rand Paul to introduce legislation to end the Fed.