Rand Paul Explains What The Dollar Is Backed By: “Used Car Loans, Bad Home Loans, Distressed Assets And Derivatives”
by Tyler Durden
ZeroHedge.com
02/07/2015
Having recently exposed the mainstream media’s lack of objectivity in “slanted and distorted” interviews, Rand Paul has turned his focus to another staple of the status quo – his father’s arch-nemesis, The Fed. As WSJ reports, Sen. Rand Paul unleashed a blistering attack on the Federal Reserve in Iowa on Fridasy evening, calling for an audit of the institution’s books and blaming it for fueling income inequality. “Once upon a time, your dollar was as good as gold,” he explained, adding “then for many decades, they said your dollar was backed by the full faith and credit of government.” Do you know what it’s backed by now? “Used car loans, bad home loans, distressed assets and derivatives.”
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