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.
I understand, but never in our recent history will a man with such a deep understanding of the Fed be in a position to expose it for all to see.
McFadden was a banker by profession, not a politician, same as Ron Paul, he took it to the top and was killed for it, as were others.
Anti FED RES started before 1913, with Lindbergh, he failed and they tried to kill him, after that there have been several good men that have tried, with NO success.
This Jew corrupt cancer has been on our backs for nearly 100 years. It is not fatalism that says we will not change it from within, rather it is realism, accepting what we cannot do.
Only force will ever rid us of this parasite, nothing else.
Always remember that RP was the hands-down winner of Who Would the World Elect website with his message of Freedom, Peace and Prosperity.
It's still surprising to me, that with all the independents and clear-thinking folks who usually vote (D) on board that we wound up with a turd like McCain as the nominee. Marxists "celebrate" masochism, GOP diehards revel in it.
"I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it." - William S Burroughs
"I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it." - William S Burroughs
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.
. I've learned all but nothing from our exchange in this thread. About the relevant topics that is.
Well, that makes me a failure.
I do try to pass along experience from life.
Well, Paul was the topic and via history I did try to show how others had tried and failed with the Fed.
The only time I was upset with Paul was when he turned over his donors list to his son. That is a political no no. The personal phone calls in his name asking for money for his son was over the top. We had to become very stern with Rands solicitors, to stop calling, or else. They apologized and did remove our names from their list.