Despite rumors that various splinter forces within the Republican party are attempting to block Ron Paul's fateful chairmanship of the Monetary Policy Subcommittee, we now have confirmation that the only sane politician left will now be Ben Bernanke's direct nemesis during any and all future Congressional spectacles starring the printing unchallenged one. And with US debt creeping ever closer to the debt ceiling, coupled with the dollar for dollar monetization of the US deficit, such spectacles will soon be plenty.
Fast forward to 3:30 in the clip for the announcement.
BUT LET ME WARN YOU ERIC, HE EXPECTS LOOT, so if you are NOT a cheerful giver, there may be a problem.
If Ron Paul, in his new position of power, drags that slimy Jew bastard Bernanke in front of his subcommittee on a regular basis, and grill his commie ass off, I will be *elated* to place him back on the pad :P
If Ron Paul, in his new position of power, drags that slimy Jew bastard Bernanke in front of his subcommittee on a regular basis, and grill his commie ass off, I will be *elated* to place him back on the pad :P
Jethro, you are a realist.
Ron can do all within his power to topple the corrupt Fed, when talk and smoke clears, it is once again the Justice Dept that must act.
Other than that, Paul understands that the only other route is via the full House, Senate and President to undo the evil of 1913.
I cannot see that happening. One has to be realistic.
Difficult to believe anyone could be conversant about McFadden, yet expect positive results from Ron Paul. Not many colleges mention McFadden except in financial/economics degrees. Most prefer to let him rest in history along with several others, to which Paul will join in obscurity.
Proof positive that it was the Tea Party movement that put RP in a position to educate the nation. A small, but not inconsequential, political victory.
Ron Paul to chair monetary policy subcommittee overseeing Fed
By Felicia Sonmez
Texas Republican Rep. Ron Paul is poised to chair the House Domestic Monetary Policy Subcommittee, putting the gavel of the panel overseeing the Federal Reserve into the hands of one of the central bank's most outspoken critics.
Rep. Spencer Bachus (R-Ala.), the incoming chairman of the House Financial Services Committee, announced Thursday that Paul will head the subcommittee when Republicans assume the majority in the 112th Congress.
"This is the leadership team that crafted the first comprehensive financial reform bill to put an end to the bailouts, wind down the taxpayer funding of Fannie Mae and Freddie Mac, and enforce a strong audit of the Federal Reserve," Bachus said in a statement, adding that the committee's "first priority is to end the taxpayer funded bailout of Fannie and Freddie."
On Wednesday, a group of about 30 tea party-aligned groups wrote a letter urging Bachus and House Speaker-designate John Boehner (R-Ohio) to support Paul's bid for subcommittee chairman. The letter was in response to reports that GOP leaders were mulling ways to block Paul from becoming chairman over concerns that his views are too radical.
In the letter, the groups warned that the "implied message" of blocking Paul would be "one of indifference towards the concerns of those who helped put the Republican Party back in the majority."
Paul has been a harsh critic of the Federal Reserve and has pushed for measures that would audit the central bank or abolish it altogether. The subcommittee also has jurisdiction over "precious metals," and Paul has advocated a return to the gold standard.