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Ron Paul To Chair Monetary Policy Subcommittee
Here is why an open-ended QE2 may be a very moot point: Slate reports that Ron Paul, Ben Bernanke's greatest nemesis, will chair the all important monetary policy subcommittee. In other words, Bernanke v Paul theater will soon be a weekly feature. Too bad Alan Grayson will be no longer present.
And now back to the popcorn.
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Bernanke to Obama: We have a turd in the punchbowl. Repeat. We have turd in the punchbowl. Over.
+600billion
If only Grayson could have stayed focused on what's important rather than talking the "Republicans want you to die fast" nonsense, he could be helpful in the Congress. Then again there's Rand Paul to form a double-whammy on Bernanke. Not too bad.
He meant the guys who own the republicans-- and the health care companies. They're the ones care only about more profit for themselves and fk everyone else.
He should have said that.
He also should have distinguished between evil HMOs and opponents of the American Socialism/Health Fraud Bill.
He's a perfect example of what happens when you put party ahead of principle. These issues are too important, voters are paying attention.
Lol.
Obama to Bernanke.....
Remember that guy Vince Foster...... Chicaog politics will come in handy here.
I got this....
Hilarity is certain to ensue.
I called Paul's office a week ago and confirmed this. Nice, isn't it?
I'd recommend everyone calling his office (I called the Washington one, but he's got three others) and stress how important it is that Dr. Paul treat Ben to a whipping and get this beast under control. It can't hurt, and Dr. Paul's staff always likes to hear from folks about it.
Thats nice to hear. Because I'd really like to think that Ron Paul is a good person. But its so hard to believe in anything/anyone anymore.
Ron Paul is an excellent statesman...
and a better politician than most give him credit for.
still, gotta horrible feeling that it's too little too late.
It's clear Dr. Paul doesn't need to be told how to handle Fed.
I do think he would appreciate us sending him a note of encouragement.
Now THAT will be fun to watch.
My popcorn has government butter drizzled all over it.
I hope you got some guns with that butter too! :p
I'd like to think this meant something, but it probably won't. That pessimism being said, there certainly has been more awareness of the Fed's role in the economy lately.
I suspect you're correct.
While the illusion is that the monetary policy subcommittee is very powerful, mostly because we're told it's very powerful and it's members believe they are powerful, the real powers that be don't need the consent of a room full of men and women to do what it wishes to do. We believe Ron Paul can make a difference because we are allowed to believe this.
The true power comes from within folks. We deny this so we don't need to do anything about it. This can all change the moment we decide to change it.
Very simple, keep your friends close and your enemies closer. TPTB now have a front row seat to Ron Paul's actions and can premptivelty head off any anti-FED/PTB activity.
Since nobody around here has the balls to challenge your commentary, I suppose it's my duty (a la Fight Club... I'll only use my right hand against you, punk) to comment on your comment.
While it's true that the congress is somewhat powerless to dictate or influence Fed policy, Ron Paul's presence at least provides good theater and an impetus to action, therefore he does have power, somewhat along the lines of the "force" in Star Wars.
Your contention, "We believe Ron Paul can make a difference because we are allowed to believe this.
" is false. We believe Ron Paul can make a difference because with the power of 100 million Americans behind him, he can actually make a difference.
All your crap about the "conditioned mind" is so much psychological masturbation. You like to think of yourself as smart or even smarter than the rest, or possessing of a non-conditioned mind, when the reality is that you're as conditioned by your belief in psychology that you are conditioned entirely by it.
And, no, I haven't read your papers. I don't need to spend another hour poring over your fluff in order to ascertain that your concepts are 1. Bullshit, created out of thin air with no scientific backing, and 2. producing of no positive benefit to anybody.
You're an intelligent guy. I can see that. Surely you can do better than to keep harping on the same old crap. Be original. Meditate. Understand Karma. Live long and prosper.
Basically Ron Paul will have all these sound bites to use on the presidential campaign trail in 2012.
Fearless Rick,
The guy has very serious mental problems. (Among them, paranoid schizophrenia.) Alienation has only served to aggravate these problems, as his own family and friends will not allow him into their homes unless he promises to keep his bizarre delusions to himself. (This is why so many of these types of individuals spend such an inordinate amount of time on the internet.)
Some time ago, I advised him to seek professional treatment. But apparently, he is either unable or unwilling (denial) to face the reality of his condition; and, in fact, he often projects his own imbalances onto others. This is quite typical.
Unfortunately, these situations often have very unhappy endings. Because he appears to derive his entire sense of self-esteem from his participation at this site, the best course of action is probably to join the crowd and humor him.
Fearless Rick
Most people will be unaware of Ron Paul's prescence unless the mainstream media sees fit to televise it. How many people watch CSPAN? Many people can't even identify prominent politicians. Ron Paul can make a difference if people support him and are aware of his actions. The conditioned mind of the common man isn't going to make any changes to his thinking without breaking away from the influences that caused his lethargic state.
And, no, I haven't read your papers. I don't need to spend another hour poring over your fluff in order to ascertain that your concepts are 1. Bullshit, created out of thin air with no scientific backing
How can you refute something you haven't even bothered to read? You say understand Karma, but is this backed by science?
I agree.
I can't believe all the false hope in this coming 112th Congress undoing all the destructive actions of the previous 111 Congresses! Nothing will change in this gridlocked Congress (Republican House, Democrat Senate, Elite Captive President). What a sick fucking joke!
If either Ron Paul or Rand Paul take any stands to limit spending or hobble the Fed in 2011, they will be blamed by the media, and therefore the public, for creating the Global Financial Crisis!
They can try but the American people are getting restless. They are not as stupid as the MSM make them out to be.
You could tell the clowns at MSNBC were out to nail Rand Paul already. All they have is fear and talking points. Unfortunately truth trumps that shit.
If anyone listens to the Pauls they will realize that the Global Financial Crisis will have been created by the Federal Reserve and the fucking banks.
All they have to say is "How can more debt get us out of debt?"
Things are already noticeably different in this country due to Ron Paul's efforts. This recent development will only increase the positive effect he has already had.
I mostly agree with you in terms of policy which may change very little in the near future, but policy isn't the only consideration. The consciousness of the electorate must change before we'll see substantial policy change, and Ron Paul is a great person for that task.
I'm very excited about having a brave and honest statesman in Paul's position.
A political maneuver.
Yeah, but I don't think it means nothing either. There is a lot of harrassment that Ron Paul can inflict and facilitate on the Fed, which will be interesting. A smoking gun may be in there as well. Benny-Boy has been pretty sloppy over the past 24 months. Paul and Co. will need to be able to explain the nature of the corruption, which is no mean feat. I think the the number 2 or 3 fastest way to get a the average person's eyes to glaze over is to inject the words "Federal Reserve Bank" into any conversation...
If RP can motivate people in the U.S. to take action on financial issues the same as he has on political issues (r3volution anyone?) we will see some changes a comin'.
“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies, all who question its methods or throw light upon its crimes… As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money powers of the country will endeavor to prolong it’s reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.” – Abraham Lincoln
What Ron Paul will be up against:
Exposing Our Enemy - Meet the Economic Elite http://ampedstatus.com/part-iii-exposing-our-enemy-meet-the-economic-eli...Even if it does, there is always the golden rule. He who makes the gold, makes the rules.
I predict that when all the worms are finally out of the can and markets/everything crashes because Bernanke's hands get tied, the people will blame Ron Paul for causing this "horror" on the nation.
Don't get me wrong, I'm a supporter of Ron Paul and very much want the shenanigans to stop, but the people seem content (because they can't see the collapse of our currency coming down the pipe) and if the money spigot is turned off, things will happen much faster and will look like people like Ron Paul caused it.
America is just that dumb...
I hope I'm wrong, though
100% agree. Someone (Dr. Paul) needs to be the brave martyr and turn off the morphine drip so we can realize how broken things really are and make some tough decisions. I think Dr. Paul would like to play this role based on his readings and that he never cared too much about his public image.
"....because Bernanke's hands get tied,..."
With all the new (yet to be defined) discretionary powers given to the Fed via FinReg, I would think it would be the subcommitie's hands that would be tied.
My thoughts exactly, and why we need an audit...a thorough audit.
Liquidity get's yanked in 3...2...1
How's that Fed audit coming along?
I predict there will never ever be a audit of the FED.
Facebook did not help; maybe it was the dictionary
Florida Democrat Alan Grayson had 30,000 to opponent Daniel Webster's 4,600 fans.
Grayson's civil servant supporters may have more time for facebook than the people who have to go out and produce a profit to earn a living.
I'd like to see Paul give Bernanke some Texas-style justice......
Dana Carvey as Ron Paul dishing out Texas justice to Ben Bernanke: I wouldn't kill him right away. That'd be too easy. I'd wait for a hot Texas day, see? Tie him to a stake, get an ant trail going. You know, Texas red ants, inch long! Just love to bite into human flesh, catch what I'm saying here? See, they're eating him alive, nice and slow like. And I'd sit with him in the shade under an umbrella, maybe with a lemonade, sit back and say to the fella, "How do you like them apples?" And he'll be screaming, "When am I gonna die?" and I'd say, "I don't know exactly, and frankly, I resent your question." Catch my drift?
Ooooh shit! There's an Austrian in the Benhouse!
Can Paul hire outside consultants? Get Robert Murphy up in that hizzay. Get to work Americans!
This is the best piece of economic news I have heard in 3 years.
Dang, I was hoping gold would still have more to run.
If he has any say whatsoever, we may actually see a reigning in of the monetary misogyny.
ain't that a bitch slap before Bennie's big annoucement.
LOL oh this is gona be good, Think I'll be making a donation to Dr. Paul's security detail soon.
Sadly I know how this will go. Zimbabwe Ben will just sit up there and not give any answers. Either a solid "I don't know", or "It would damage confidence if I was to reveal that information". I expect a lot of stonewalling. Still glad to see Paul up there so we can have a lot of footage of Ben shining the congress on. Hopefully this will spur an actually passage of a real Fed audit and force Barry to veto it.
+10
Equity selloff in 3, 2, 1,...
Nope ppt ...
if they print a trillion today it must only be the start sell dollar, but if only a few 100 yards qe2 is the end of unconventional measures so buy the dollar.
IN black.. must be above 5 trl?
(comment has ben updated : ) )
...can someone give mr. paul a golden gavel, please? or is more appropriate for him to have a silver one? either way, great news.
LOL! That's a fantastic idea. Talk about adding some salt to the weekly Bernanke scalpings.
Best news I've heard in years.
What the hell?
utter confusion... wtf is the number ?
I have no love for any policitians here - but I am going to miss Grayson. Like I said the other day, those last few letters looked to me like "I told you so" cards he was putting in his pocket.
Big wins all around for America. Rubio was a huge win since he is a latino liberetarian aling with Paul. People want the truth and it is contagious. People are smart enough to realize that the anchors are only protecting their wallets when they bash constitutionalists and use sensationalism to defend their chosen puppets as opposed to facts.
A huge win... for Corporate America (who'll make out like bandits as usual and threw anonymous millions at the election, thanks to their friends on the Supreme Court), but go ahead and have your power to the people party. Actually there should be some positives here... the GOP finally have some (orange) "skin in the game," so it's doubtful they'll be rewarded for sitting on their hands next time.
I must admit to looking forward to watching Paul (he's great) though, but I don't see any real power change... just different hands on the tiller.
Update:
In what is surely a medical miracle, "Speaker" Boehner's skin colour affliction has apparently been cured, with financial assistance from an unknown corporate donner!
That's a stretch. Rubio is no libertarian. His old campaign website noted that after being elected to the Florida legislature he introduced over 100 bills and most of them passed. His claim to fame was monkeying with the homestead tax exemption; which resulted in complicated tax rules that had no real benefit, especially in light of the real estate collapse. Rubio is "conservative", and better than the alternatives, but when it comes down to it he's just another power hungry hack.
lol, i guess the fed didn't get any of those high speed internet infrastructure funds
I hope he will do something big, but i doubt it. He's too nice and polite.
....and for good reason, doesnt he have 5 children and 18 grandchildren?
Id be scared to stand up to those guys too!
Paul wants gold. William Jennings Bryan dealt with that in the 60's. The banksters will be indifferent to gold vs debt money. They win either way. Why? Because they own the gold.
He wants competing currencies. People will gravitate to hard money, but it would seem that the flexibility would put a damper on hoarding.
60? 1860- 1900
William Jennings Bryan (March 19, 1860 – July 26, 1925)
The banksters will be indifferent to gold vs debt money. They win either way. Why? Because they own the gold.
Why does everybody assume that? This is the third time I'm posting this:
World gold holdings (2008) (Source: World Gold Council[18]) Holding Percentage Jewelry 52% Central banks 18% Investment (bars, coins) 16% Industrial 12% Unaccounted 2%Great "potential" entertainment!
I say potential because Ron lays out strong monetary thesis and Ben simply shakes his head... Not a true and honest debate! Nonetheless, it is always great to have someone knowledgeable enough to press the hard buttons.
I'm gonna miss Alan Grayson, he asked better questions then Ron Paul
Me too.
Well, he was from Florida, which means two things: 2. He'll be back, and 1. no big deal.
Yeah, I will miss him as well. He was like a circus ring master. Very entertaining.
I'm afraid Ron Paul has no real power in this situation. As others have noted, the status quo will just do as they please.
I can't WAIT for the fireworks! Maybe now the American People will get a lesson on true prosperity economics and the destructiveness of being imbibed on Keynesian Koolaid.
Anything less than 1T and the market crashes - thats what I've been told over and over. Well lets crash for F*ck sake, thats what I've been counting on!
Ron Paul will slam Ben for stealing the wealth from the people.
He has gold and silver totally on his side. ..and Oil.
Anyone taking odds on Ron Paul's revised life expectancy?
As long as the voting herd remains polarized (in support of gov. program A instead of program B), he isn't in any danger, as he is effectively marginalized being a promoter of program NOTA. Nothing is scarier to the herd than political inaction, as action is politics raison d'être.
Shit man his life expectancy does not matter now.
1. He's old enough to have lived a very good life.
2. Why martyr him and give more attention to monetary policy and his politics?
3. His son is now a US senator meaning the apple doesn't fall to far from the tree in terms of their politics. So, his legacy will live on.
That being said I don't want it to happen because it will be interesting to see what kind of ruckus he will raise as the Monetary Policy Subcommittee Chair.
I predict that Representative Ron Paul's Kabuki Committee will prove an embarrassment primarily to Representative Ron Paul.
I predict that Communism will crumble like a pile of sun baked dog crap. Oh wait, it already did.
Currency Wars is the new mid season replacement for all those Survivor fans. The Fed horror show goes mainstream!!!
Can a monetary policy subcommittee really put any sort of pressure on the Fed? Or will it just be another circus?
Somehow I doubt that the Fed's independence can be so easily challenged when they are the true owners of the government. Sure Dr. Paul can make Bennie look very, very bad, but those are just words. Meanwhile, Brian Sack will continue to act in the banksters interest regardless.
Though if Dr. Paul does have any real power to apply pressure, they will just crash the market and blame it all on his actions. As always, politics is nothing but a tool to destroy society while empowering the political class. In this environment, true statesmen such as Dr. Paul do not stand a chance. They exist merely to be marginalized and/or scape-goated.
In short, there are no such things as political solutions. There are only political problems.
I fear everything you said here is true.
This is good for America .. I hope he can hire William Black
to help him..
Invite Grayson in to cross examine Bernanke.
Alan Grayson may be out for a week or so..
He will be back helping Ron Paul somehow..
Step one would be to resurrect the Audit the Fed bill.
But how does one truly audit smoke and mirrors?
Haha :-)
Well said
This appointment was allowed, most likely in an attempt to placate us. See, there's someone tough in a position to oversee monetary policy. All is well. Trust us, and leave the worrying and governing to us.
At least the entertaining videos of the senator skewering the Fed-head will continue on Youtube. As far as forcing any meaningful policy changes...yeah, right. Ron Paul will continue to rant away at the smug, smiling Bernanke, who knows that not a single word matters. I can just imagine him saying to himself, "You are not the boss of me, you funny little man, and you never will be." Realistically, what is going to change? Bernanke is under no obligation to answer any questions or follow orders from Ron Paul whatsoever, and this won't change a thing. The senator can rant away, but it won't do a damned thing. This amounts to a job title change with no increase in pay, authority, or responsibility.
Iceberg be damned, rearrange those deck chairs now, and make sure the band plays some happy music too! There, I feel much better now.
Representative Ron Paul
Ah, people more cynical than I. Must be home.
Ron Paul for Speaker of the House.
Ron paul will be bought and sold just like those who came before him.
So true..
Big talk doesn't mean big change...
Big talk has been standing on his principles and the Constitution for decades for the U.S. and its people. People that think everyone can be compromised are themselves already compromised.
Um... no.
Politicians who can't be bought are very few and far between, but let's at least appreciate the ones that we do have, rather than lumping them in with all others.
Grayson didn't stop the wars or audit the fed, but he did enact a bunch of socialist legislation that needs to be undone. I voted against him and am glad he will no longer represent my district.
He may have had entertainment value for some on ZH; too bad for you.
Seems the $ big business poured into TV ad lies worked well in central Florida... Grayson was one of the more effective critics of the Fed and the Treasury games... too bad.
Mr. Paul can be a bit goofy, but he will demand that Bernanke work to strengthen the dollar. QE2 is a non-starter.
I'll take the short end on that :-)
This is going to be delish.
I think yes......End the FED !
some thoughts..
When the interest rates (the price of money and credit) is fixed at a very low level in a deflationary environment of high demand and low supply of money and credit, the marked yields (the value of money and credit) will be "artifiscaly" low, now?
If however the intrest rates are alowed to be set free by the marked the yields will be high in the same enviroment, yes?
With the FED keeping the interest rates low AND increasing the supply of money and credit to meet a high demand that cannot materialise ( because the banks and the primary dealers take most of the money and keep the credit to cover their losses and their customer is already indebted to the max) , you end up lowering the yields and blowing upp the system in order to get the rising intrest rates and relative value of money needed to end the underlying deflationary enviroment, Yes?.
So will a new 30-50 year cycle of monetary corruption soon start again, or will we end the FED, and free the money?
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wiki entry for Grayson. Not much of a loss. based on the following:
Grayson later voted for the Patient Protection and Affordable Care Act[19] and the Health Care and Education Reconciliation Act of 2010.[20] He voted in support of Eliminating Adjustments of Medicare Rates of Payment. He also voted against Republican substitutes for the health care amendment and insurance law amendments.[21]
[edit] Civil rightsGrayson voted in support of the Hate Crimes Expansion Act, which expands the definition of hate crimes and strengthens enforcement of hate crime laws. He also voted for the Lilly Ledbetter Fair Pay Act. Grayson supported the Paycheck Fairness Act, a bill that allows victims of wage discrimination to sue for punitive damages.[22]
[edit] EnvironmentGrayson voted for the House's 2009 Cap and Trade Bill, despite his initial resistance to the measure; his vote was won with the addition of a $50 million "Hurricane Study Center." Grayson noted after the passage of the Cap and Trade bill his concern for the environment and need for conservation of energy.
[edit] DefenseGrayson voted for the 2009-2010 Defense Appropriations, which authorizes $681 billion of appropriations for the Department of Defense.[23] He also supported the 2009-2010 Department of Homeland Security Appropriations Authorizations, which provided $46.18 billion in appropriations for 2009-2010.[24]
What about Russ Feingold - reminder he was the only senator to vote against the Patriot Act and one of the few that didn't buy Bush, Cheney and Rumsfeld's fabrications about going into Iraq.
Very sorry he lost his seat.
Ron Paul struggles to get his point over at the best of times,when he gets his 15 second clip on the MSM news,trying to explain the the American sheeple QE,the corrupt three way relationship between the Fed, Wall St banks and the Whitehouse, it will be like Einstein trying to explain his theory of relativity to a class of chimps in fifteen seconds flat.Add in Bernanke's evasiveness and possible point blank refusal to answer specific questions it will be pointless.
It ain't gonna happen.
Grayson was a clown for the banks to mock as "nuts in tin foil hats"..his role was to bring discredit to all those who opposed the FED..
Anyone who followed his campaign this election saw him as totally insane..he played his role well.
Sad some compare his obvious role to discredit the anti fed lobby as "Nuts" with the real deal Dr Ron Paul.
We know on ZH the problem with the American Economy is the FED. He may just educate enough new congressmen to get some traction in audit of the fed.
Good luck to both Pauls for they will travel in harms way. IF they back off who can blame them from avoiding harm to their family.
Criminals will stop at nothing to get what they want..and our gov is a criminal organisation.
rand paul = israel first = traitor
http://www.truthinourtime.com/2010/05/dr-rand-paul-supports-israel.html
ron=satanic mason
http://www.abovetopsecret.com/forum/thread354189/pg1
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If only Grayson could have stayed focused on what's important rather than talking the "Republicans want you to die fast" nonsense, he could be helpful in the Congress. Then again there's Rand Paul to form a double-whammy on Bernanke. Not too bad.
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We know on ZH the problem with the American Economy is the FED. He may just educate enough new congressmen to get some traction in audit of the fed. links of london