Ron Paul To Hold Hearing On CPI Lies And Fed Inflation Creation; Jim Grant To Tesify

Tyler Durden's picture

This will be fun:

Congressman
Ron Paul, Chairman of the Domestic Monetary Policy and Technology
subcommittee, announced that the subcommittee will hold a hearing to
examine the relationship between monetary policy and rising prices (with
a particular focus on food and energy prices).

 The hearing is scheduled for Thursday, March 17th at 10:00 AM, in room 2128 of the Rayburn House office building.

 

It is
unconscionable that published government statistics mislead Americans
regarding the true rate of price inflation, which is much higher than
commonly-reported CPI numbers
,” Paul stated. “It is also unconscionable
that Federal Reserve Bank officials continue to deny the effects of
their monetary expansion on consumer prices.  Inflation, properly understood, is a monetary phenomenon.  The
price inflation Americans suffer today is largely the direct result of
relentless monetary expansion by the Federal Reserve over the past
decade.  Our witnesses will explore how current
monetary policy, including QE2, directly impacts the standard of living
of Americans in ways that are not reflected in official government
data
.”

 

Congressman
Walter Jones, vice chairman of the subcommittee, stated, “The Fed has
attempted to convince the public that its money printing campaign is
necessary to stimulate America’s economic recovery.  Instead
of recovery, the real effect of the Fed’s money printing has been
monetization of America’s exploding fiscal deficits, devaluation of the
dollar, and creation of inflation in asset prices across the board.  As
a result, working people in places like Eastern North Carolina are
being squeezed at the gas pump and the grocery store as they struggle to
make ends meet in a world in which their salaries have no chance of
keeping up with Mr. Bernanke’s printing presses.”

 

Scheduled to testify are:

 

Prof. Joseph Salerno, Chair of the Economics Graduate Program at Pace University

James Grant, Noted commentator and publisher of Grant’s Interest Rate Observer

Lewis Lehrman, Author, investment banker a

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NOTW777's picture

just like the euro - can they do 13925 AH?

Michael's picture

The Federal Reserve Corporation is the root cause of all our war and monetary problems throughout history.

Freddie's picture

The owners of the Fed were also making very good money off the Civil War they were involved in.

Zero Govt's picture

let the fireworks begin ....makes a change from 3 years of sweeping everything under the rug and pretending "We Can Handle This.... All is Well"

mophead's picture

The is precisely why they activated the HAARP weapon system. They can easily end QE now. Repeat after me (marching):

"WE DON'T NEED NO STINKIN' Q-EEEE -- HAARP IS WHAT YOU NEED"

"HAARP IS WHAT YOU NEED"

"WE DON'T NEED NO STINKIN' Q-EEEE -- HAARP IS WHAT YOU NEED"

"HAARP IS WHAT YOU NEED"

Confuchius's picture

Now you know why there are so many dead fish & dead birds around the world, all with internal organ damage.

mophead's picture

song (countryish, bum, buh-bum, buh-bum)....

verse:

we're trying to inflate, it's another retake

the bernake's in a corner, while (sentor) Paul's enraged

the QE they say, it's a gotta go

can't wait for the next thing to blow

chorus:

they say we're in a fix...

just a runnin' out of tricks

oh lord, what to do?

please give us all a clue

(pause, deep country voice)

try HAARP -- it's a better tool...

bum, buh-bum, buh-bum

Guy Fawkes Mulder's picture

If a fellow wanted some information or documentation on the potentials and mechanics of HAARP, where might he click?

(link shit that proves HAARP conspiracy here)

PS: I believe it already. What a nightmare.

johngaltfla's picture

Nah. This news belongs on:

 

www.zerohedge.xxx

 

This is like great sex between this story and the BoA bomb to be dropped tonight. I need a cig.....

VodkaInKrakow's picture

Let us hope this is not another Assange case of BofA B.S.

VodkaInKrakow's picture

Even a fool like Paul can be useful. Ah, the consequences of one's own actions can be used to bring about some good. Still, though, Ron Paul as some good ideas.

AldoHux_IV's picture

Wish I could be there.

citta vritti's picture

cake will be served

alien-IQ's picture

and green beer...it is after all St. Patricks day.

THE DORK OF CORK's picture

I'm waiting for the crock of gold speech to mask the crock of shit in the corner.

bigkahuna's picture

...and the pot of gold that was at the other end of that rainbow is actually a pot of sh!t.

lieto's picture

Ron Paul and Jim Grant!

Two of my favorite people.

Where is John Williams?

He is the best on this topic.

Go get em guys!

ghostfaceinvestah's picture

John Williams, plus whoever runs that MIT million price project, or whatever it is called.

Cash_is_Trash's picture

Give 'em the Austrian School of Economics shaft Salerno, good luck to you.

 

strannick's picture

Dont forget Salerno. Great Von Mises commentator

Rick64's picture

 William Black would be a good addition.

kornholio's picture

sad part is the owners dont give a shit

JonNadler's picture

how about a no-fly zone over the JP Morgue building so the Bernank can't drop any money from his helicopter.

 

Of course that would end my career

cosmictrainwreck's picture

Jon, Jon, Jon....what're we gonna do with you? But - per usual - you're Jonny-on-the-spot with that one. lol

ms1408's picture

That's true Mr.Nadler, you wouldn't be able to talk shit about PMs all day without the JP Morgue making your predictions come (somewhat) true.

Wynn's picture

OT - Nate reports that Martin Armstrong has been released from prison

http://economicedge.blogspot.com/2011/03/martin-armstrong-released-from-...

Miss Expectations's picture

Great news.  Hope he is safe.  Would like to see him here at ZeroHedge.

Ancona's picture

That would be awesome!!! That man is one of the most salient and intelligent guys I have read.......ever. Even from Prison, where he has close to zero access to media, he has accurately analyzed the machinations of banks, the government and geopolitical events with amazing prescience and clarity.

Godspeed Martin Armstrong, and I hope to see you an the idiot box, refuting the lies and inconsistencies of the bubbleheaded idiots who currently deliver our nightly newstainment.

KickIce's picture

Sonya Sotamayor helped put him away, wonder what he thinks about her being named to the Supremes.

Guy Fawkes Mulder's picture

I saw a Sotomayor reference above this one. This is the second I've seen.

How about Kagan? Harvard material. Harvard Corporation material. We all know Fat Larry, but so much other trash has come out of Harvard including W, Poppy Bush (I know he graduated Yale in 3 years right after ww2 but I mean CIA Poppy Bush is intimately involved in the corruption of the Harvard corp), Enron and so many other Davos / CFR trash. Harvard is fake. Harvard is as legitimate as AIG.

I wonder if one could literally incriminate all of the judges in conspiracy? Hmmmmmm. I haven't even mentioned ones appointed by Republican Presidents.

(open invite to anyone to link shit that proves most, any, or all Justices are corrupt)

Bastiat's picture

Imagine what he'll be producing with a staff, computers and references (net, library)! 

PhD's picture

Dont get your hopes up. He probably loves big brother now.......

Confused's picture

Doubtful, but I'm sure he is looking over his shoulder. 

 

This is nice to hear. Certainly wish him well. 

PhD's picture

Indeed. Good news are far to rare these days, glad to hear he is out

TheGoodDoctor's picture

Wow that is awesome. And whomever said they would like to see him here I am sure Tyler will post his stuff. Kind of amazed really that he hadn't posted some of his prison stuff. Eager to hear what MA has to say, if the First Amendment still applies to him.

High Plains Drifter's picture

As Jackie the Jokeman used to say to Andrew Dice Clay........

 

Ah, ah ah ah ah ah AAAHHHHHHHH !!!!!!!!!!!!!!!!!!!!!!

Ferg .'s picture

Very much looking forward to the conclusions from that hearing .

bunkermeatheadprogeny's picture

Ron Paul = Morphius or Oracle?

Dr. Engali's picture

Definitely Morphius. He has been trying to wake people up for a long time.

Cash_is_Trash's picture

But you have to find him.

Just like you find Faber, Schiff, Rothbard, Mises.

We live in a prison, a prison for your wallet.

alangreedspank's picture

 

I'm relieved to finally see these names written in the comments of ZH's posts amongst all the statist, unionist "Unions are the lifeblood of the middle class!!" talk.

 

Confused's picture

You just haven't been reading the comments here long enough then. Fear not, you'll see them mentioned more. 

downwiththebanks's picture

Some people make a serious, complete analysis of the banker-gangsters.

And then there are the fake critics who stand shoulder-to-shoulder with those very same banker-gangsters in the assault on bus drivers and librarians.