Oh please let this be true
Rep. Ron Paul (R., Texas), who wants to abolish the Federal Reserve, could end up overseeing it as part of the Republican takeover of the House of Representatives.
Paul is the ranking member of the Subcommittee on Domestic Monetary Policy and Technology on the House Financial Services Committee, which has oversight for the Fed, the U.S. Mint and U.S. interaction with the World Bank, Politico points out.
November 5th, 2010 at 12:48 pm
This would make my whole week. CSpan would be worth watching for that.
November 5th, 2010 at 1:27 pm
Yes, he will be the committee chair that oversees the Fed.
The hearings will be epic.
November 5th, 2010 at 2:05 pm
Hey Obama, elections have consequences!
November 5th, 2010 at 2:51 pm
We’ll be on the Gold Standard and cars will cost 10 New US Dollars!
November 5th, 2010 at 3:27 pm
Good!
The Federal reserve is neither! It is basically an unconstitutional “legalized” counterfeit operation of the partly international and private banking cartel where they print paper money backed by no goods, no services and no precious metals and then loan to us and collect the interest.
Now we are trillions in debt to them and as it is writeen, “the borrower is servant to the lender”.
Whatta scam!!!!!!!
November 5th, 2010 at 3:29 pm
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”
–President Woodrow Wilson, lamenting his signing of the Federal Reserve Act of 1913
November 5th, 2010 at 4:24 pm
I have my doubts that Woodrow Wilson would have lamented the Federal Reserve Act, in part, because I would expect him to be blind to the consequences of his actions, as all tyrants tend to be.
Having said that, it would be sweet if Ron Paul got on this committee, even if he were (mostly) powerless to get rid of the Federal Reserve. He could at least be a thorn on their side!
November 5th, 2010 at 4:38 pm
This, plus the democrat civil war in the house (apparently, nancy’s not retiring and will run for minority leader, leaving hoyer to push out the highest ranking black congressman for the minority whip position), plus the ethics investigations, plus subpoena power means you better buy stock in Orville Redenbacher.
November 5th, 2010 at 5:54 pm
I made a study of Brazil’s economic situation during the late 1970’s.
Lots of similarities between them, then and us, now.
This, indeed, is Jiffy-Pop time.
November 5th, 2010 at 7:43 pm
If you haven’t yet, start converting at least some of your FRN’s to hard assets….like silver, like gold, guns, ammo and other durable, useable goods.
November 5th, 2010 at 7:52 pm
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” –Thomas Jefferson
November 5th, 2010 at 8:30 pm
That is a pie in the sky dream- the forces that control the fed wouldn’t give it up without a huge fight and financial manipulation. I do enjoy Paul making bernanke-panky sweat. Evil corrupt bastard stealing our productive lives, sickening.
November 5th, 2010 at 9:01 pm
Hardcorps writes: …the forces that control the fed wouldn’t give it up without a huge fight and financial manipulation”
You’re in agreement with the wordsmith of the U.S. Constitution:
“History records that the money changers have used every form of abuse, intrigue, deceit, AND VIOLENT MEANS possible to maintain their control over governments by controlling the money and its issuance.”–James Madison
November 5th, 2010 at 10:22 pm
I have nothing more to say than:
🙂
November 6th, 2010 at 10:00 am
Sometimes you just have to let the bull loose in the china shop. Paul isn’t going to get nearly all he wants, but maybe he can at least challenge the more egregious problems and get the ball rolling on others.
November 6th, 2010 at 9:40 pm
More like Argentina than Brazil, video;
http://sn132w.snt132.mail.live.com/default.aspx?wa=wsignin1.0
November 6th, 2010 at 9:42 pm
Interesting, that didn’t work the way I expected!!
Please delete that link, and I’ll try to get the correct one up!
November 8th, 2010 at 6:48 am
The above quote from Woodrow Wilson appears to be either wholly fabricated or formed from out-of-context quotes, according to the wikiquote page.
November 8th, 2010 at 2:01 pm
He’s been on their case for a _long_ time: Case for Gold: A Minority Report of the United State Gold Commission (1982). The book is worth reading if you have *any* interest in money.
November 9th, 2010 at 12:43 am
Paul may not need to be harsh on the Fed as I have a feeling the Americans that are too busy watching dancing with the stars to realize that a small but well organized group of criminals are destroying the nation the Fed may go the way of Rome and leave us to figure out what we will do.
http://www.youtube.com/watch?v=u6wSd_i-IMs
The video I think Bill was trying to post is this one..??
http://video.google.com/videoplay?docid=4353655982817317115#