Ron Paul & Dylan Ratigan: Cancelling Debt Held By The Fed

The Daily Bail

Clip has not been posted previously. Rep. Ron Paul shares his thoughts on Congress cancelling the $1.6 trillion in Treasury bonds owned (accumulated during QE1 and QE2) by the Federal Reserve as a one-time event to alleviate the time constraint of the August deadline for debt ceiling negotiations.

Paul has been floating this idea for the last several weeks, though it has yet to gain much traction. Interesting discussion. More below including news that Paul has has raised more 2012 campaign donations from active-duty military personnel than all other GOP candidates combined.

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