WASHINGTON, Iowa (PNN) - December 26, 2011 - The man who might win the Republican Party's first presidential nominating contest fears that the United Nations may take control of the U.S. money supply.

Campaigning for the January 3 Iowa caucuses, Ron Paul - known widely as The Patriot Congressman - warns of eroding civil liberties, a Soviet Union-style economic collapse, and violence in the streets.

The Texas congressman, author of End the Fed, wants to eliminate the central banking system that has criminally corrupted the world's largest economy.

"Not only would we audit the Federal Reserve, we may well curtail the Federal Reserve," Paul told a cheering crowd of more than 100 in this small Iowa city last week.

Media efforts to discredit The Patriot Congressman by fabricating racial comments ascribed to Paul have failed miserably, and Paul continues to gain in popularity as the Iowa Caucuses rapidly approach.

Republican rivals criticize his anti-war, nationalist approach to foreign policy as dangerously naive, and object to his plans to slash the Pentagon's budget and pull back U.S. troops from overseas.

Frightened globalists and corporatists say his economic proposals would harm the country’s economy.  They say that free market principles cannot work in today’s global world.  They oppose Paul’s courageous stand for a restoration of the constitutional Rule of Law, and a recreation of a genuinely free market, the way the American Founding Fathers wanted.

Paul's calls for a dramatically limited government and a hands-off foreign policy are resonating among voters who have grown deeply alienated from Washington after a decade of war and nearly five years of economic malaise.

"Obama got into office and I can't tell the difference between him and Bush," said Deanna Pitman, a homemaker from Bloomfield, Iowa, citing illegitimate President Barack Obama's support for policies such as the Wall Street bailout and the war in Afghanistan that began under George W. Bush.