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It's Official: Ron Paul Is Head Of Monetary Policy Subcommittee

Tyler Durden's picture


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.


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Thu, 12/09/2010 - 01:11 | 791552 TruthInSunshine
TruthInSunshine's picture

You thought The Bernank seemed nervous on '60 Minutes?'

Just wait.

The GOP Establishment just got slapped down by the real fiscal conservatives, many of them up and coming freshmen, including Spencer Bachus.

Thu, 12/09/2010 - 01:16 | 791560 Lucius Corneliu...
Lucius Cornelius Sulla's picture

As much as I admire Ron Paul, although it will be an interesting side-show, I doubt that it will meaningfully change anything.  Monetary ignorance is the rule in the USA.

Thu, 12/09/2010 - 01:28 | 791588 dumpster
dumpster's picture

monetary ignorance is not a trait of Ron Paul

qnd with him asking the questions ..  the perps cant just hid behind other stupid politicians

it might not change any thing ,,  because the fraud is so far inbedded into the fabtic of american life ,,

but some one needs to get the ball rolling in the right direction,,




Thu, 12/09/2010 - 09:29 | 791986 Max Hunter
Max Hunter's picture

May not be sweeping changes but at the least RP will make it interesting.. He has been the drive of the handfull of good things in Washington present day.

Thu, 12/09/2010 - 10:14 | 792131 BigJim
BigJim's picture

I love Ron Paul and everything he stands for (with the exception of his anti-abortion leanings... though as the man was an obstetrician, you can see where he's coming from)

But I wish to god he'd get a new tailor and take some lessons on public speaking and presentation. Yes, I know it's shallow, but a lot of people see this aspect of RP before hearing his message and turn off.

You can get decent, bespoke suits for £400 here in the UK, so I imagine similar deals are available in the US. No more of that droopy, off-the-shoulder nonsense.

He's always 'on the money' in my opinion, from foreign affairs to monetary policy, but in debates he often comes across as whiny and querulous, and this does his message no favours.

Thu, 12/09/2010 - 10:24 | 792192 kridkrid
kridkrid's picture

It's all we got...

It also doesn't help that the subject matter he is drawn to is so far removed from what the average american is told is important... which is by design. 

Thu, 12/09/2010 - 11:24 | 792426 Watauga
Watauga's picture

BigJim--Cannot argue with points about Paul's style and carriage (or lack of both), but wonder why you take exception to a pro-life position.  Is it that liberty should be extended to every person except those whom mothers choose to kill?

Thu, 12/09/2010 - 11:49 | 792552 RockyRacoon
RockyRacoon's picture

"Person"  ??

"Naturæ rationalis individua substantia"

Thu, 12/09/2010 - 11:51 | 792562 Auric Goldfinger
Auric Goldfinger's picture

Watauga, with all due respect, let's stay focused. 

Don't bite, Rocky!



Thu, 12/09/2010 - 12:28 | 792768 RockyRacoon
RockyRacoon's picture

Okay.  I'd hate to loose this beautiful striped tail and be made into a frontier chapeau.

Thu, 12/09/2010 - 12:28 | 792767 A Nanny Moose
A Nanny Moose's picture

Yet, if you engage in dog fighting, you go to jail. Kill a preggo+fetus while driving drunk or in a domestic dispute...2x Homocide. Have consentual sex without condom and spoon afterward...get Assange'd.

The mess we find ourselves in, is just a small part of the bigger problem...we are too stupid, as a species, for our own good.

Thu, 12/09/2010 - 12:20 | 792724 A Nanny Moose
A Nanny Moose's picture

Truth needs no spokesman, or snake-oil salesmen.

Just a note that Dr. Paul's stance on abortion is the most logical. He doesn't not believe in abortion personally, but views it as a States' rights issue. Furthermore, he understands that prohibition of ANYTHING leads to black market activity, and results in more harm, than good.

Thu, 12/09/2010 - 12:31 | 792778 RockyRacoon
RockyRacoon's picture

States Rights, bitchez!

If you don't like the laws, move to a state that you like.

If you wanna carry a gun, move outta New York!

Thu, 12/09/2010 - 01:38 | 791612 Unbeliever
Unbeliever's picture

Ron Paul may not achieve much himself directly, but he has planted innumerable seeds throughout his career.

Thu, 12/09/2010 - 02:05 | 791664 Problem Is
Problem Is's picture

Ron Paul: Crank Up That Subpoena Machine
Paul will slap Bernank with subpoenas for Fed records bitchez...

Thu, 12/09/2010 - 02:25 | 791693 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

"Dear Diary, Bill Gross makes the perfect latte.  Note to self:  Remember to ask him what his secret is."

"Call Lord BlankCheck:  Tell him we will buy all of his toxic assets at 100% if he buys three of my wife's paintings.  Remind him he owes me monie for the Vegas hookers."

"It's easy being breezy!"

"If Assange fucks with me, I'm going to have his Amazon account suspended."

"Monday:  Had a bad dream, the printer broke; woke up and puked on my wife's hair.  She didn't notice."

Thu, 12/09/2010 - 09:20 | 791974 orangedrinkandchips
orangedrinkandchips's picture

hahahahah! good one

Thu, 12/09/2010 - 05:39 | 791806 Clancy
Clancy's picture

I think of him as my third grandfather.

Thu, 12/09/2010 - 09:11 | 791956 fuu
fuu's picture

Me too! He is still the only politician I have ever given money to.

Thu, 12/09/2010 - 10:02 | 792071 M2Market
M2Market's picture

And me too!  The only two politicians that I've ever given money to, the other being Peter Schiff

Thu, 12/09/2010 - 12:30 | 792776 A Nanny Moose
A Nanny Moose's picture


Thu, 12/09/2010 - 01:56 | 791647 TruthInSunshine
TruthInSunshine's picture


I've learned to be painfully skeptical.

But I do believe RP won't sell out, so they will have to railroad him to prevent him from undoing the fraud that is a gracious private central bank that controls our monetary policy as a nation.

And I do hold out some hope that there are incoming representatives intending to do some good that will hopefully take a lesson from RP and not succumb to being bought or blackmailed.

Thu, 12/09/2010 - 02:20 | 791683 redpill
redpill's picture

He won't sell out, but he may very well be blocked by his own party.

Thu, 12/09/2010 - 05:40 | 791809 Clancy
Clancy's picture

And don't forget murder by airplane.

Thu, 12/09/2010 - 03:22 | 791743 Quixotic_Not
Quixotic_Not's picture

The good Dr. Paul will be hobbled by his religion and as such won't go for Ben Bernank's jugular, i.e. accusing the bearded asshat of aiding & abetting institutional fraud.

When dealing with a snake, one must grab it by the tail and smash its head on the ground.

The looting will continue until moral improves...

Thu, 12/09/2010 - 09:04 | 791945 hardcleareye
hardcleareye's picture

I picked up Paul's book at the library last week, it was an interesting rambling read.  The book was unfocused, short on the kind of details that in real life "bite you in the ass", my impression, a "naive idealist".  Some of his representation of facts were inaccurate (no excuse for that, damages creditability).  If his style of writing is any reflection on his political career, I doubt he will be effective.  I must say I concur with much of what he says, but if I had a different opinions prior to reading the book I would not be swayed by his writings....  opportunity lost...

On the side it has been very interesting pulling old books on the federal reserve from the library, (trying to find books without Machiavellian conspiracy theories woven into them, "I want the facts, nothing but the facts...").  I read one several weeks ago published in 1913-14, very dry, lots of "ra-ra" for the "new" Fed, on the eve of WWI, the intent of the book was to explain the new "Fed. Reserve".  Made me very thoughtful about liquidity, federal reserve, inflation and wars.....  (this was echoed in Paul's book).

Thu, 12/09/2010 - 09:15 | 791963 fuu
fuu's picture

Which book? He has written over 17 of them.

Thu, 12/09/2010 - 09:51 | 792037 hardcleareye
hardcleareye's picture

End the Fed

Thu, 12/09/2010 - 09:36 | 792002 samsara
samsara's picture

(trying to find books without Machiavellian conspiracy theories woven into them, "I want the facts, nothing but the facts...").

Try "The Creature from Jekyll Island"

But then, you will find that a factual historical account of the time that  "The Facts, Nothing but the Facts"  WAS actually a "Machiavellian Conspiracy".

Such a paradox eh?




Thu, 12/09/2010 - 10:07 | 792094 thetruth
thetruth's picture

hahaha if you have a preconceived notion of what the facts are you will never find them!

Thu, 12/09/2010 - 10:47 | 792282 hardcleareye
hardcleareye's picture

You are correct, however you have to start with a "frame of reference/observation" and "work" from there..  you never relay on one individuals opinion or observation, you also have to consider if the representations are impartial or might the they be "couched" in a way to manipulateyou for some reason?  A healthy dose of skepticism is very important....  I think it is important to be able to accurately articulate both sides (and there may be more than two views!!) of an issue before drawing a conclusion.

Thu, 12/09/2010 - 12:37 | 792819 A Nanny Moose
A Nanny Moose's picture

Your most important references, when delving into this subject; Money, and human action. Keep that in mind as you study. Happy hunting.

Thu, 12/09/2010 - 10:30 | 792217 hardcleareye
hardcleareye's picture

"The Creature from Jekyll Island" was the first one I read, and I thought (at first) it was a "wild, paranoid, bullshit tale".  Which "motivated" (no way is this true!!) me to get the "real facts"...  dig a little deeper,  the discoveries from other sources seem to confirm much of what is in TCFJI, my husband refers to my research into this issue as "mental masturbation" (subject matter for lively discussions between us). 

Yes I concur it is a paradox, one I view with much concern.  I wonder why this is not covered in the history books?  Had a lively discussion with grandson over dinner the other night, discussing the causes of WWI, school teaches it was because of the Assassination of Ferdinand, started getting the kid to think a little, "reality check here...", countries don't "really" start wars because someone gets shot, they use it as an excuse to obfuscate the truth...  this lead into wonderful 90 min debate with the whole family involved, google searches etc..  No where in any of his Global History Studies do they discuss ANY Monetary Policy... money, currency, they mention in passing the inflation in Germany prior to WW2 but no detail for its causes, etc.. most societies in history raise and fall with their currency and wealth.. ummm I wonder why it is excluded??? 

Is it an ignorant oversight or is it intentional?  I am not sure....

Thu, 12/09/2010 - 11:02 | 792329 -Michelle-
-Michelle-'s picture

And people think it's hard to homeschool.  Involved families are always homeschooling.

Thu, 12/09/2010 - 12:01 | 792626 Bring the Gold
Bring the Gold's picture

You think monetary history being as important as you note is "accidentally" left out of the history books? Considering the influence of those who control currencies that seems a bit too coincidental that something so central to history was unintentionally left out of so many texts. It would seem that the direction of historical inquiry and discussion at university would have to be actively guided away from monetary history for such a result.

Also when one considers that for many years books like Creature from Jekyll Island were said to be conspiracy non-sense. Now the FED has confirmed the large part of the truth of it eg Warburg, Morgan et al secretly meeting and secretly planning legislation. It's almost as though the need to hide this history has passed. Why? Why hide it? Why reveal it now?

Thu, 12/09/2010 - 13:30 | 793054 chopper read
chopper read's picture

the ongoing plot to enslave us.


Thu, 12/09/2010 - 17:30 | 793955 Bring the Gold
Bring the Gold's picture

Great post and I agree. Supposedly, and this could be disinfo, the Jefferson quote you used is not a real quote. I say that simply because some would use a minor error of atribution to discredit your thesis, a thesis that I believe is correct.

Fri, 12/10/2010 - 17:45 | 797094 chopper read
chopper read's picture

thanks.  i'll look into it.

Thu, 12/09/2010 - 08:42 | 791909 dcb
dcb's picture

don't know why you got junked. you didn't attack Paul, you attacked the system. Although if he manages to educate americans maybe the end result will be some changes. The oligarchy isn't going to change unless forced.

Thu, 12/09/2010 - 09:35 | 791999 alpds
alpds's picture

Although I agree, I hope that we will be proven wrong.

Thu, 12/09/2010 - 08:50 | 791921 Zon
Zon's picture

The only fiscal conservative in GOP is Ron paul, Bachus and other "tea party" pols all support war which is far from fiscal conservatism as you can get

Thu, 12/09/2010 - 01:11 | 791554 GrouchoNotKarl
GrouchoNotKarl's picture

I'm going to be watching C-SPAN more often and with some popcorn.

Thu, 12/09/2010 - 01:11 | 791555 Irwin Fletcher
Irwin Fletcher's picture

Best news I've heard in a long time.

Thu, 12/09/2010 - 01:48 | 791636 StychoKiller
StychoKiller's picture

Advice to Mr. Paul:  Stay out of hot tubs, don't fly in small planes, and wear double-strength condoms!

Thu, 12/09/2010 - 02:19 | 791679 MapleLeaf
MapleLeaf's picture


Thu, 12/09/2010 - 04:39 | 791768 Voluntary Exchange
Voluntary Exchange's picture



Also, wear Kevlar underclothes with ceramic inserts and pack your own lunches. It would be nice if RP was also chairman of the financial services committee as well as speaker of the house. At which point he would need better secret service protection than Mr "hope and change" himself.   At some point after the PTB have decided they have sucked as much blood from the American people as they can, either they will cover every thing up in devastating loosing war (if history is any guide), or is it possible they will set up the Fed Reserve to take a fall if they finally have what they want on a global scale? I don't think they can ever let the criminality of the Fed ever be exposed to the light of day as that leads to too many trails that they would rather not have followed and a permanent compromise of their special enslaving power via fiat currency. At which point they would have to attempt a reboot of "civilization" itself to wipe the slate clean with people starting from the ignorant cave man stage AGAIN while they attempt to play god from their bunkers (or where ever it is the alpha-bloodsuckers hang out).

Thu, 12/09/2010 - 05:42 | 791811 Clancy
Clancy's picture

And don't forget to check your chair for poison thumbtacks.

Thu, 12/09/2010 - 07:16 | 791855 DCon
DCon's picture

Driving in open-top convertibles near grassy knolls should be avoided too



Thu, 12/09/2010 - 10:20 | 792168 rookie
rookie's picture

and don't shop with wife in London.

Thu, 12/09/2010 - 01:15 | 791561 Tom Terrific
Tom Terrific's picture

Hmmm, I wonder what's up with this.  No way would the Reps do this without approval by the Fed or TPTB.

Thu, 12/09/2010 - 01:17 | 791568 TruthInSunshine
TruthInSunshine's picture

Anyone outsider's guess, but it wouldn't shock me to see The Bernank opt to spend more time with his family, or at Princeton, or whatever he does in his spare time, soon..

Thu, 12/09/2010 - 01:58 | 791652 flacon
flacon's picture

Read "Wishes and Rainbows" by the Federal Reserve. We are going BACK TO THE FUTURE OF GOLD!


Thu, 12/09/2010 - 12:39 | 792832 Hook Line and S...
Hook Line and Sphincter's picture


Those Boston Feds are quite creepy, airing their nakedness through children's rainbow cartoons. Why do they just have to cloister these messages in such places? They think they have arcane knowledge, and obscure their 'revelations' within a false paternal patina. This must make them feel, oh so very special. These spiritual plecostomus's are jones-ing to feel elite. When they finally see the real reaction of disgust, they will turn in a rage and exhibit the ravenous beasts that they are.

Thu, 12/09/2010 - 01:21 | 791573 Dkizzle49855
Dkizzle49855's picture

This great news; however my better news was receiving my Christmas gift from Apmex for being a loyal customer . My wife asked me if there was any PM's in it; however I said it was a bit light.  Popcorn bitches.

Thu, 12/09/2010 - 01:37 | 791605 iDealMeat
iDealMeat's picture

++ Got one too.. Very prescient APMEX. thank you.  catch ya on the next dip.

Thu, 12/09/2010 - 09:56 | 792047 pazmaker
pazmaker's picture

I used a personal check the last time I bought from APMEX,  when the copy of endorsed check was returned for me for my records I noticed that it was stamp on the back  "for deposit only JP Morgan Chase Bank"

Thanks APMEX for banking with JPM

Wed, 12/15/2010 - 02:03 | 807276 iDealMeat
iDealMeat's picture

Sooooooo...  I got popcorn because I bought PM and took delivery.

From APMEX, who is banking with JPM, and has to deliver said PM..??..

A.W.S.O.M.E.  !!!  more PM!!  and popcorn please..

Thu, 12/09/2010 - 09:28 | 791983 scatterbrains
scatterbrains's picture

yes that was a pleasent surprize, but even better was Lind Waldock's 1 once silver ingot.. though I couldn't help thinking who/how gets a 1 once platinum.

Thu, 12/09/2010 - 01:21 | 791574 Catalonian Capi...
Catalonian Capitalist's picture

True, true. Pay-per-view quality entertainment. I just hope he gets Bernanke to say that dreaded four-letter(Gold) word on C-Span, and how much physical versus paper do we really have? Hmmmmmmmmmm

Thu, 12/09/2010 - 02:10 | 791672 TruthInSunshine
TruthInSunshine's picture

That could be a drinking game.

A shot every time 'gold' is spoken during Ron Paul - Ben 'BlackHawk' Bernanke therapy sessions.

Thu, 12/09/2010 - 05:49 | 791816 saulysw
saulysw's picture

I'd drink to that!

Thu, 12/09/2010 - 01:21 | 791577 24KGOLD FOIL HAT
24KGOLD FOIL HAT's picture

I also noticed the anxiety of the Bernank on 60 min.  T yields are climbin.  Are the wheels ready to come off?  At minimum, the tires are smokin.  Does Ron have another son?  Make him TX governor.  Then secede!

Thu, 12/09/2010 - 03:57 | 791759 Ludwig Von Miso Soup
Ludwig Von Miso Soup's picture

He does indeed. Behold, Robert Paul:

Thu, 12/09/2010 - 05:45 | 791812 Clancy
Clancy's picture

We still need 48 more Pauls.

Thu, 12/09/2010 - 08:45 | 791915 israhole
israhole's picture


Thu, 12/09/2010 - 01:24 | 791581 spekulatn
spekulatn's picture


(Insert deity here)please grant Mr. Paul great strength.....he iz gonna needz it.

Thu, 12/09/2010 - 01:25 | 791584 Cursive
Cursive's picture

I guess that directly worded e-mail to Boehner did the trick.  :D

Thu, 12/09/2010 - 01:50 | 791643 StychoKiller
StychoKiller's picture

Great work, Cursive!  Now, could ya get Hillary to apologize to Assange?

Thu, 12/09/2010 - 01:27 | 791586 BobPaulson
BobPaulson's picture

Looking forward to those videotaped sessions.

Thu, 12/09/2010 - 01:43 | 791624 TheGoodDoctor
TheGoodDoctor's picture

C-SPAN porn!

Thu, 12/09/2010 - 01:46 | 791626 TruthInSunshine
TruthInSunshine's picture

Ben Bernanke taking it in the ass?

I'll only be satisfied if it leads to rectal bleeding and his resignation.

Thu, 12/09/2010 - 01:27 | 791587 bankrupt JPM bu...
bankrupt JPM buy silver's picture

dog/pony show to make it seem like ZOG is 'finally' being infiltrated and 'fianally' normalcy and democracy is around the corner.  You think the PTB would let Dr. Paul in without their approval?  I bet R. Paul gets slapped with some sort of Child Porn suit soon...

Thu, 12/09/2010 - 01:55 | 791648's picture

I bet R. Paul gets slapped with some sort of Child Porn suit soon...


Well, he has spanked over 4,000 naked babies.

Thu, 12/09/2010 - 02:21 | 791688 Rusty Shorts
Rusty Shorts's picture

Dr. Ron Paul delivers!

Thu, 12/09/2010 - 08:01 | 791876 nmewn
nmewn's picture

Hopefully so.

I, so far, am not impressed with the old guard GOP representation being placed into House committee chairman seats. 

This one I can agree with...others...not so much.

Thu, 12/09/2010 - 09:01 | 791936 docj
docj's picture

Gee, and I thought it was just me starting to think The Stupid Party was living up to it's well-deserved nick-name.

Great news about Dr. Paul - the rest of the bunch is, at very very best, a mixed bag (and I'm being generous beyond reason in that assessment).

Thu, 12/09/2010 - 09:58 | 792060 gmrpeabody
gmrpeabody's picture

You're being VERY generous.

Thu, 12/09/2010 - 11:03 | 792336 -Michelle-
-Michelle-'s picture

Truly.  They have learned nothing from the mid-terms.

Thu, 12/09/2010 - 01:27 | 791589 Bob
Bob's picture

Let's hope this produces expected results. 

Thu, 12/09/2010 - 01:28 | 791590 Hedge Jobs
Hedge Jobs's picture

if tyler durden isnt going to run, ron paul should definately be prez!

Thu, 12/09/2010 - 01:43 | 791620 24KGOLD FOIL HAT
24KGOLD FOIL HAT's picture

I dont know but I been told...TPTB told Ron to drop out in 2008 or they would make him regret it.  He or Perot should be Prez but I think the jackals have DC locked up.............  We ned to send volunteers to clean up one state at a time.  When we cut state govt budgets by 50% while increasing police- maybe then a few more states will ask for our help.  That DC is a rough one to start out with.

Thu, 12/09/2010 - 01:32 | 791594 connda
connda's picture

Ladies and gentlemen!  Let the games begin...

Thu, 12/09/2010 - 01:32 | 791595 TruthInSunshine
TruthInSunshine's picture

I honestly don't think RP can be intimidated or bought off.


Therein lies the beauty of the man.

It doesn't hurt that he knows and believes in the Austrian School of Economics.

Thu, 12/09/2010 - 01:34 | 791596 Mad Max
Mad Max's picture

This is great news...

But I rather picture this as akin to a single, slim, aging Batman trying to fight off thousands and thousands of Jokers.

However, it would be divine if Rand Paul could be appointed head of the equivalent Senate subcommittee.

Thu, 12/09/2010 - 01:57 | 791651's picture

I recall an occasion when Alfred had to don the Bat-gear in order to effect a rescue. He preformed quite well.

Thu, 12/09/2010 - 03:36 | 791749 Temporalist
Temporalist's picture

We are all Alfred.  We are all Tyer Durden.

Thu, 12/09/2010 - 03:55 | 791757 Peace is the x-axis
Peace is the x-axis's picture

Spirit of Uni-Ty, bitchez

Thu, 12/09/2010 - 04:06 | 791760 Temporalist
Temporalist's picture

Damnit your reply prevented my spelling edit.  Stupid netbooks.

Thu, 12/09/2010 - 02:46 | 791715 collinar
collinar's picture

Ron Paul is not alone. We are with him, and we are many. CFTC, STOP the manipulation. Stop the corruption. We the many DEMAND it.

Thu, 12/09/2010 - 01:39 | 791597 I Am The Unknow...
I Am The Unknown Comic's picture

-Careful on counting the chickens that have not yet hatched.  The announcement is not yet official, though it indeed looks to be in the bag.  I'm just saying that these banksters have the most powerful lobbyists on K street in DC and are the #1 contributors to both the R and D parties.  Dr. Paul is not in charge until he is actually SEATED as Chair of House Subcommittee on Monetary Policy. 

As for the rightfully-so skeptics (e.g. Tom Terrific above), well it is indeed possible that even if Dr. Paul is seated as Chair, that the House could easily strip this committee of it's power.  It indeed could turn out to be just a ruse to pigeonhole Dr. Paul while misleading the rest of us to think we actually have some voice in the usa.  This will remain to be seen, but step one is to have Dr. Paul actually seated.  If you all want to go ahead and start celebrating, plese have one for me.  I however, will look for the proof of the pudding in the eating.

Cheers and my Heaven help us!   

Thu, 12/09/2010 - 01:41 | 791616 cswake
cswake's picture

You're absolutely right about the pigeonhole - even Paul hinted at it in the video.

Thu, 12/09/2010 - 01:50 | 791641 TheGoodDoctor
TheGoodDoctor's picture

If you don't eat your meat you can't have any pudding. How can you have pudding if you don't eat your meat?

Thu, 12/09/2010 - 01:57 | 791650 I Am The Unknow...
I Am The Unknown Comic's picture

ah hah hah....the most pleasurable way to make pudding is to beat your meat.......who's hungry?

Thu, 12/09/2010 - 01:36 | 791603 Hephasteus
Hephasteus's picture

Dear Ben. Gold goes down oil goes up. What the fuck is up with that? Where'd that horseshit walk in from?

Thu, 12/09/2010 - 01:50 | 791609 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Somewhere along the line all of my favorite politicians have been corrupted one way or another, by either doing wrong or flat out not understanding that the problem is the Federal (Private) Reserve Bank.  Ron Paul has not.  This is very good for sound monie policy.

Thu, 12/09/2010 - 01:44 | 791610 DisparityFlux
DisparityFlux's picture

Please don't let Ben give a slick PowerPoint presentation.  Paul needs to make sure Ben has a few of those big three-ring binders like the ones that gave the GS crew such fits.  Nothing as professionally disarming as leafing through a binder looking for evidential copies of e-mails and charts.

Thu, 12/09/2010 - 01:40 | 791613 Jasper M
Jasper M's picture

Fucking AYE! HISTORY, baby!

Ron Paul's only flaw is humility; he seems to truly not comprehend his place in history. 

Thu, 12/09/2010 - 01:42 | 791615 TheGoodDoctor
TheGoodDoctor's picture

Woo Hoo! I don't expect much since he will probably get blocked. But I'm glad he got it.

Thu, 12/09/2010 - 01:43 | 791619 boeing747
boeing747's picture

Last year I post an comment here said: "Ron Paul is the man can save Rome"

Thu, 12/09/2010 - 01:46 | 791629 eigenvalue
eigenvalue's picture

Don't rely on somebody else. We need to save ourselves. Go PMs!

Thu, 12/09/2010 - 05:54 | 791819 Clancy
Clancy's picture

Ron Paul is the American Cato.  Maybe he can't save the republic but history will always remember him as a great man.


Fed Delenda Est!

Thu, 12/09/2010 - 01:44 | 791622 eigenvalue
eigenvalue's picture

We should restore the gold standard. If Ron Paul cannot get that done, hyperinflation will still be inevitable. The US is bankrupt. With or without Bernank, inflation is coming upon us.

Thu, 12/09/2010 - 02:04 | 791663 TruthInSunshine
TruthInSunshine's picture

I was going to post a comment along the lines of "Well, maybe we don't need a gold standard, but we should have an inherent wealth peg...blah blah...."

And then, I decided to pull up a chart of the U.S. deficit and debt levels since we left a gold standard in 1971.

Suffice it to say, you are correct.

We should restore the gold standard.

Thu, 12/09/2010 - 01:46 | 791628 toathis
toathis's picture

Austrian economics has been proven incorrect by the monetirists. Bernanke won. DEAL WITH IT! He said 2% inflation or less... You are getting just that! He said "no double-dip" at the beginning of this year, correct again! All the CNBC chicks you bash, they were correct also!

ime's Man of the Year 2.0. The laws of macroeconomics are being rewritten before our very eyes, ears, noses and mouths. NO, this is not sarcasm. WAKE UP! You will never get that "opportune" moment.

The crash already happened, the year was 2008. Game. Set. Match. Everyone wins.
I have been trading the markets for 30 years and have a phD in economics. The banks are solvent. TARP worked. We have a positive GDP and away we go!

Thu, 12/09/2010 - 01:47 | 791632 TruthInSunshine
TruthInSunshine's picture

We all know you're a clickbaiter.

No one can be as stupid as you pretend to be.

Quit the amateur act.

Thu, 12/09/2010 - 02:29 | 791699 gwar5
gwar5's picture


Thu, 12/09/2010 - 03:28 | 791747 taraxias
taraxias's picture

It looks like yet another MarketWatch troll migrated over here.


Thu, 12/09/2010 - 05:38 | 791804 shortus cynicus
shortus cynicus's picture

Sorry for so many junks on this forum, but I have just one technical advice: please use <irony>...<irony/> tags for such comments to avoid next time so much misunderstanding.

Thu, 12/09/2010 - 08:59 | 791931 Cruel Aid
Cruel Aid's picture

Austrian economics proven incorrect? so early in the game. We are still in the forest here.

Also, a little cause and effect analysis is in order.

I'm in, zero hedge, but you are overly optimistic.

Banks are solvent?? Well...XLF was up yesterday, I guess you could be right.

Thu, 12/09/2010 - 12:15 | 792705 RockyRacoon
RockyRacoon's picture

...and have a phD (sic) in economics.

Well, there ya have it.  You MUST be right!

Thanks for your valued insight.

Thu, 12/09/2010 - 01:56 | 791634 lynnybee
lynnybee's picture

if ever there was a man for the time, it is Dr. Paul  ........... it is his time.    this will be a story for the ages .   I told my 33 year old daughter that she will still be talking about these years when she's an old woman .   She will tell her children about the "DAYS of FIAT MONEY" & how we all used to run around buying everything in sight, running around with little plastic cards in our wallets & all we had to do was sign our names & we could get a car or a house.     The whole 20th century was a fraud.

Thu, 12/09/2010 - 02:06 | 791656 bob_dabolina
bob_dabolina's picture

I love you Ron Paul.

I cut myself and bleed for you.

Don't let me down.

RP is the NKI!

Thu, 12/09/2010 - 02:00 | 791658's picture

The Doctor is in!

Thu, 12/09/2010 - 02:10 | 791671 thegr8whorebabylon
thegr8whorebabylon's picture

flash mob hallelujah!

and RP said he would allow competing currencies inc shiny.

Thu, 12/09/2010 - 04:14 | 791764 dogbreath
dogbreath's picture

beautiful. thanks

Thu, 12/09/2010 - 02:19 | 791681 Moonrajah
Moonrajah's picture

Well, that's certainly good news. Now Dr. Paul will have to put his money where his mouth is. Or is that taxpayer's money? Hmmm...

Thu, 12/09/2010 - 02:19 | 791682 gwar5
gwar5's picture

Paging Chairman Ron Paul.... paging Chairman Ron Paul....

Is anybody else on the committee with him for support and backup? Or, is he it?


Thu, 12/09/2010 - 02:22 | 791690 infiniti
infiniti's picture

Ron apparently hates the Fed - yet he's voting for a tax-break extention that is subsidized by Bernanke's printing press.


Question: would Ron approve of borrowing $2 trillion dollars in calendar year 2011 at a rate of 4.5%?

Thu, 12/09/2010 - 02:47 | 791700 TruthInSunshine
TruthInSunshine's picture

Technically, you're wrong. I am not trying to sound like a dick, but I don't like to see Ron Paul mischaracterized, as so many do that intentionally, political motives and modus operandi in play (not saying that's the case with you).

Congress is the purse of the Federal Government, and they mandate spending by passing a budget. This budget is funded by the collection of revenues, including taxes, and if there's a deficit (when hasn't there been? When Kennedy was in office?) through the sale of treasuries.

So, even if Ron Paul DOES vote (as the vote hasn't even occurred yet) for the 'tax-break extension' you speak of, it isn't up to Ron Paul - yet - as to how such a tax break extension should be funded.

Now, the beauty of his appointment to the Chair of the House Monetary Policy Subcommittee is that I CAN GUARANTEE that Ron Paul will never, so long as he has the power to stop it, allow the government to spend money it doesn't have again. It's just not his style.

So, not only did you pre-suppose something yet to occur, you completely described Ron Paul's core beliefs and past actions in the wrong light.

As an aside, I would just add that I can't and won't speak for Ron Paul, but with all the downside to any tax cut extension, I see the greater evil as having the government get its ginormous hands on more money that it can waste in even less efficient fashion than before, assuming that this is technically possible.

Thu, 12/09/2010 - 05:19 | 791794 AnAnonymous
AnAnonymous's picture

All you describe is just dilution of responsibility.

Paul should not be characterized because he votes a budget whose funding is decided by another structure.

Dilution of responsibility.

Thu, 12/09/2010 - 09:12 | 791958 docj
docj's picture

Bullshit.  The "tax-break" extension isn't subsidized by anything.  The massive spending (to the tune of about 40% of GDP at present) of the Fed.Gov is what is subsidized (enabled would be a better word) by Benron's printing press.

Thu, 12/09/2010 - 10:47 | 792281 LauraB
LauraB's picture

Exactly!  If you believe that Congress needs to find funds to cover the tax cuts, then you believe that the money belongs to the government to begin with.  The money does not belong to the government, it belongs to the people who earned it.  Also, this is not a tax cut, it is a continuation of the current rates.  What we are really talking about is whether Congress will raise taxes or not.  If they were not counting on money from tax increases in their budget to begin with, there would be no need to "cover" them. 

People need to see through the spin and call Congress and the President out for believing that the fruits of their labor belong to the government rather than to themselves.  Otherwise, we'll end up like the UK where they recently decided that your paycheck goes directly to the government and then the goverment will take out what taxes it wants and send you what's left.  In other words, full on slavery.

Thu, 12/09/2010 - 02:28 | 791692 tom a taxpayer
tom a taxpayer's picture


George Fenneman: "Well Groucho Ron Paul our first contestant on You Bet Your Life Savings is Ben Bernanke. It says here that Ben is Chairman of something called the Federal Reserve."

Groucho RP: "Welcome, Ben. Federal Reserve, eh? Is that where the government keeps the gold?"

Ben: "No." 

Groucho RP: "Do you keep money there?" 

Ben: "Not exactly. We create money."

Groucho RP: "How do you create money?" 

Ben: "I just say, "I want $100 billion", push a button, and immediately I have $100 billion."

Groucho RP: "Sounds like a great job. Can I get a job at the Federal Reserve?"

Ben: "You have to be able to shine bankers shoes with your tongue, to kiss bankers asses everyday, to be on 24 hour call to service every Wall Street banker whenever they want hot sugar."

Groucho RP: "Why all the attention to bankers?"

Ben: "Because we give away the money we create to bankers and let them create even more money out of thin air."

Groucho RP: "Sweet. Can I get in on that racket?"

Ben:  "To be a banker you should have many years experience at many kinds of fraud and theft from the public, particularly pensioners and widowers."

Groucho RP: "Well, that's too risky for me...I do not want to go to jail."

Ben: "Wall Street bankers do not go to jail. The federal government (Executive and Legislative) protects the Wall Street banking mob. And since 2008 the federal government has been openly,flagrantly, bankrolling the Wall Street banking mob. And since 2008 the federal government has been actively saving mob bosses like Goldman Sachs from failure, from bankruptcy of mob operations. The federal government allows Too Big to Fail to be Too Big To Jail . RICO criminals on Wall Street are aided and abetted by the federal government (Executive and Legislative)."

Groucho RP: "Ben, you just said the secret word: RICO. We have recorded your confession on tape, and now, you will be led away in handcuffs. Thanks for playing You Bet Your Life Savings."


Thu, 12/09/2010 - 02:44 | 791712 lolmaster
lolmaster's picture

aww yii ron paul up in this like woah

Thu, 12/09/2010 - 02:48 | 791717 Hephasteus
Hephasteus's picture

Poor Ron Paul. He'll never end up being charged with bribery in Nigeria.

Fuck you Dick Cheney.

Thu, 12/09/2010 - 02:50 | 791718 The End
The End's picture

Ron won't make it to christmas ... here comes the magic bullet

Thu, 12/09/2010 - 02:52 | 791719 trav7777
trav7777's picture

RP should take the Fed's power and give it to Congress.  That way we can get to the end of this awful movie a lot faster.

All the shit people have grown accustomed to feeling entitled to are a fraud.  Get ready America to live with what you can produce, and no more NIMBY Greenpeace fags trying to stop the transport of nuclear waste to Yucca and shit like that, those who love the fuck out of electricity but despise power plants.

There is no goddamned pixie fuckin dust, no leprechauns, no unicorns shitting skittles, and no free lunch so we can all have silly fetishes about the importance of diversity.

It's either that or gird up for war to protect this happy motoring culture.

Thu, 12/09/2010 - 03:04 | 791731 Dr. Sandi
Dr. Sandi's picture

Unless I missed something, we already have two wars going and a third rolling off the assembly line in Pakistan.

How many wars do we need to be fighting before I stop hearing about how we're fated to war if we don't change our ways?

Of course, since they don't actually mention these wars on the TV, I guess they're not REALLY wars at all.

Thu, 12/09/2010 - 03:54 | 791756 Temporalist
Temporalist's picture

Mmmm unicorn skittles...

Thu, 12/09/2010 - 04:17 | 791767 dogbreath
dogbreath's picture

How ya doin Karl

Thu, 12/09/2010 - 11:45 | 792548 RKDS
RKDS's picture

You talk as if mainstream America had any say it this.  Once upon a time, we made everything here.  Then all of those jobs were sent overseas and we became dependent on China and bank credit conjured from thin air.  This money bought laws and protection for the elite and all upstarts were crushed under their weight.  I fear the future is not one where we  live on what we produce, but where we simply live without (if we're lucky).

Thu, 12/09/2010 - 02:58 | 791727 Syntaxkat
Syntaxkat's picture

I wonder what PM's are going to do in the following weeks?

Thu, 12/09/2010 - 03:05 | 791733 Dr. Sandi
Dr. Sandi's picture

Metals will keep rising, with occasional dips for profit-taking and market-fixing.

Thu, 12/09/2010 - 20:55 | 794456 Hugh_Jorgan
Hugh_Jorgan's picture

Hey Kat', I hope you have the sarc "on", by using a dirtbag like Che as your avatar, please check out this except from the real story:

Everyone loves a rebel, but most of us don't know the truth about who Che really was. He was NOT a person that should be venerated, IMHO.


Thu, 12/09/2010 - 03:05 | 791732 Drag Racer
Drag Racer's picture

2012 presidential race debate question: Ron, why did inflation go through the roof in 2011 as soon as they put you in charge of the money?


... setup

Thu, 12/09/2010 - 03:15 | 791739 TruthInSunshine
TruthInSunshine's picture

I do believe economic fundamentals would completely crash commodities (with a few, notable exceptions, such as wheat, for example) and many other input costs if someone put the insta-kill on Bernanke's madness.

This is doubly true given that Trichet and all Bernanke knock-offs would then also put the suicider pistol down.

Hell, if Bernanke was hogtied and his passcode to the Geithner's printing presses revoked, we could actually see a greenback with purchasing power in America once again.

How the hell could $1.89 per gallon 93 octane be bad for the economy, I ask you all?

And fuck you, Al Gore and your good friend Boone Pickens, too. We are on to the racketeering carbon cap scam you and your kind are running...

Thu, 12/09/2010 - 04:08 | 791761 Drag Racer
Drag Racer's picture

greenbacks with a jingle of silver in ya pockets...

btw,did they ever conclude if Gore was sane yet??? I guess not since we have to use mercury for lighting instead of tungsten now. So we go from the only non-toxic heavy metal to danger close toxic bombs.

cheap gas is just good! use lower octane fuel without alcohol(if possible), better milage and horsepower. alcohol is for drinking not for the gas tank!!! though that does sound funny coming from someone with 3 NHRA championships in top alcohol dragster... lol

Thu, 12/09/2010 - 05:45 | 791814 torabora
torabora's picture

Boone Pickens ideas for rationally sited wind mill/gas turbine electric generating plants is a smart macro idea. Just get the gubberment out of the way and let private industry get it done.

Thu, 12/09/2010 - 09:18 | 791970 jimijon
jimijon's picture

If I am not mistaken T-Boone got out of the Wind turbine farm industry. An absurd concept in my opinion anyway. Where does all the energy of our planet come from? Water and sun, thank you... not the wind.. though it does its work reshaping.

Sun, 12/12/2010 - 03:04 | 799768 Dr. Sandi
Dr. Sandi's picture

Boone Pickens ideas for rationally sited wind mill/gas turbine electric generating plants is a smart macro idea. Just get the gubberment out of the way and let private industry get it done.

Great concept. But what Boonie found out was that the best places for the windmill generators are in places that lack enough power grid to move the electrons off to distant population centers.

Apparently private industry wanted no part of investing in such an expensive and long term project. And Boonie wasn't going to pony up either.

Which pretty much leaves only a government initiative to build the power grid infrastructure.

As usual.

Thank you private industry for stepping in and getting it done.

Thu, 12/09/2010 - 03:13 | 791737 Dan The Man
Dan The Man's picture


yup, he'll be left holding the bag...and the child porn thing too.


Thu, 12/09/2010 - 03:20 | 791740 gwar5
gwar5's picture

I hope Ron Paul gets some backup on that sub-committee.

He's going to neet a Robin to his Batman to get something done.

He can't do it all. Who else in the House would be good?

Thu, 12/09/2010 - 03:27 | 791746 Dan The Man
Dan The Man's picture

Thomas Jefferson

Thu, 12/09/2010 - 04:11 | 791762 Drag Racer
Drag Racer's picture

and Ben Franklin can play comish. Gordon

Thu, 12/09/2010 - 09:11 | 791954 John McCloy
John McCloy's picture

I keep dreaming about the founders returning for one day only in the Delorean and me being able to sit in a room as a fly while they discuss the current state of the United States with disbelief. I can only imagine they would say," Wait a minute..what exactly did we get wrong in this consitution? I was pretty sure we covered all bases to prevent monarchies, unjust taxes, freedom of speech and certainly sound money and for God's sake would someone explain to me who Homeland security is and what Caribou Princess means"

Thu, 12/09/2010 - 13:36 | 793067 Quixotic_Not
Quixotic_Not's picture

The mistake the Founding Fathers made was not envisioning a godless, immoral time when Emergency Powers would be used to suspend Natural Law *permanently* and reduce *We the Sheeple* to wards of the Nanny State.

Once the huddled masses became indoctrinated to the necessity of living with legal fictions (e.g. Emergency Powers, Licenses, Income Taxes, Social Security, etc.) the clock began ticking on the Grand Experiment of Life, Liberty and Justice for all...

Thu, 12/09/2010 - 05:15 | 791792 David99
David99's picture

I sincerely wish RP Best of Luck and have all protections 24x7x365 without fail

Thu, 12/09/2010 - 05:41 | 791810 torabora
torabora's picture

Bernake "printing unchallenged?"... What about that $120 billion worth of C notes that came off the presses wrinkled and will take 30 years to sort out?

Thu, 12/09/2010 - 06:27 | 791834 Miss Expectations
Miss Expectations's picture

Having had some experience with printing, I just don't understand how they could have printed so many before they realized they had a problem.  And, is it true that taxpayers will have to pay for the mistake?  Do we pay the tab for printing Federal Reserve Notes?  Perhaps the Bureau of Printing and Engraving sends the Fed a "bill".  I don't know.

Thu, 12/09/2010 - 07:34 | 791860 Withdrawn Sanction
Withdrawn Sanction's picture

In the old days (who knows what happens nowadays), after the Fed covered its costs and "earned" a reasonable return on capital, all its remaining income was returned to the US Treasury (inasmuch as most of the Fed's earnings were from US Treasuries).  So in a roundabout way, yes, they "pay" for the printing of currency.

But these are just the cash flow mechanics; really, it's only those citizens who use dollars who pay through the hidden tax of inflation.  And that's really the point:  we're the only ones who CAN pay.  The Fed creates nothing of value, it only confiscates and redistributes...and does so arbitrarily and in a way that not one man in a thousand can diagnose (to paraphrase Keynes).

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