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Ron Paul Subcommittee Hearing On The Relationship Between The Federal Reserve And Government Debt

Tyler Durden's picture


A hearing that is sure to spark a lot of controversy and debate will be held today at 10 am EDT, by the Domestic Monetary Policy Subcommittee, chaired by presidential candidate Ron Paul. As noted, "The hearing will explore the fundamental role that U.S. government debt
plays in the monetary system; the use of Treasury debt by the Federal
Reserve in conducting monetary policy; and the troubling reliance of
Congress on the Fed to print money to facilitate deficit spending.
" Alas, there will be no Fed members testifying at the hearing, instead we will hear from Dr. Richard Ebeling, Professor of Economics, Northwood University, Bert Ely, Ely & Company, Inc., and Dr. Matthew J. Slaughter, Associate Dean, Tuck School of Business, Dartmouth College.

As usual Ron Paul's statement cuts right to the chase:

“The national debt has exploded by more than 60 percent over the past
four years, and it looks like Congress will be asked to approve another
$2 trillion increase for the next year,” Subcommittee Chairman Paul
stated. “On top of trillions of dollars in bailouts, the American people
will not stand for this continuing fiscal profligacy. This is why it is
so important to understand the relationship between monetary policy and
the national debt. Foreign governments cannot continue to purchase
unlimited amounts of U.S. debt. If the federal government cannot cut
spending and bring the budget back into balance, the Fed undoubtedly
will be forced to simply monetize trillions of dollars in Treasury debt,
which is nothing more than a stealth form of default.
That devaluation
of the dollar will lead to such high inflation that QE2 and its effects
will look like a drop in the bucket in comparison.”

The webcast should be available at the link below:


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Wed, 05/11/2011 - 09:55 | 1262659 downwiththebanks
downwiththebanks's picture

Talk, talk, talk.


Wed, 05/11/2011 - 10:03 | 1262741 i-dog
i-dog's picture

Indeed. Is it a fucking joke? A hearing on the Fed with nobody from the Fed? pfffft

Wed, 05/11/2011 - 10:31 | 1262873 El Hosel
El Hosel's picture

......Hmmmmmm, Nobody from the Fed? They are all from the Fed, put in place by the Oligarchy.... Or are we to believe they are all too stupid to understand what is going on?

Wed, 05/11/2011 - 10:32 | 1262874 El Hosel
El Hosel's picture


Wed, 05/11/2011 - 10:39 | 1262931 Ident 7777 economy
Ident 7777 economy's picture


Hmmm ... chopped liver, eh?


instead we will hear from

o Dr. Richard Ebeling, Professor of Economics, Northwood University, 

o Bert Ely, Ely & Company, Inc., and 

o Dr. Matthew J. Slaughter, Associate Dean, Tuck School of Business, Dartmouth College.

Wed, 05/11/2011 - 11:57 | 1263356 i-dog
i-dog's picture

Oh, great ... 3 economists who won't reach a consensus! They will have [conflicting] opinions, but no direct, intimate, relevant inside knowledge of the subject allegedly at hand (Fed and Treasury). That's the sort of thing one should expect to see on Fox or CNBS, not Capitol Hill.

Wed, 05/11/2011 - 12:03 | 1263429 hugolp
hugolp's picture

Richard Ebeling is awesome. He is a fucking enciclopedia of economic history.

Wed, 05/11/2011 - 10:40 | 1262937 1100-TACTICAL-12
1100-TACTICAL-12's picture

I think Ron Paul is great, but no one man can fix this fucked upmess, the crooks have us in quite the predicament it will not end peacefully. Anyway Ron Paul 2012

Wed, 05/11/2011 - 11:03 | 1263083 Clampit
Clampit's picture

One man can fix it; executive order 13569 - "The Sound Money Act" - Voila, fixed.

Now whether the US is smart enough to elect that man remains to be seen.

Wed, 05/11/2011 - 11:21 | 1263231 SYantiss
SYantiss's picture

IF Ron was elected, he'd end up with the same pain in the neck Kennedy had...

There's no way the FED would allow him to do what he's suggesting.

Wed, 05/11/2011 - 10:03 | 1262742 Dr. Richard Head
Dr. Richard Head's picture

What would you suggest he do?  Jihad the Federal Reserve?  Congressman Paul has never been the bellwether of the GOP.  In fact, the leadership of the GOP has done its best to dimish Congressman Paul's role as it relates to scrutiny of debt monetization. 

Wed, 05/11/2011 - 10:12 | 1262776 Josh Randall
Josh Randall's picture


Wed, 05/11/2011 - 10:14 | 1262781 Dr. Richard Head
Dr. Richard Head's picture

Fuck your junks. The Federal Reserve has monopoly control over the money supply. Until you figure out that our Federal Reserve Notes are not money but debt as currency, you will continue to play the left/right game to your own demise.

Wed, 05/11/2011 - 10:28 | 1262867 DaddyO
DaddyO's picture



When people realize they are being played by TPTB regarding left/right politics, we may be able to finally do something about the oligarchs who have control right now. A gold standad would squash the status quo and destroy the current stranglehold the FED has on the country.


Wed, 05/11/2011 - 10:36 | 1262894 Dr. Richard Head
Dr. Richard Head's picture

Damn straight.  The only time I see the R's and the D's align together like they do against Congressman Paul is when they are sucking banksters cocks or licking the MIC's balls.

Your left, your left, your left right left.  Company march - left, left, left right left. Company halt.  Company slit your wrists for the good of the country.  Pile up debt company.  Slave march commence. 

I don't know what I've been told

Terrorists gonna kill us all

Deomcrats republicans banksters too

They all wanna just fist fuck you.

Left, right, left, right.......

Wed, 05/11/2011 - 10:40 | 1262913 Ident 7777 economy
Ident 7777 economy's picture

by Dr. Richard Head  on Wed, 05/11/2011 - 10:36 #1262894 

Damn straight. The only time I see the R's and the D's align together

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Ummm 'ol Paul is, what - an "L" (at heart, and until he switched to get some 'numbers' and a couple pres. bids in) ...


Or don't you think this kind of history is important?




Wed, 05/11/2011 - 10:45 | 1262965 Dr. Richard Head
Dr. Richard Head's picture

Congressman Paul has decided to try and work within the system.  L's don't get into national ofice to fight the national problems.  R is the only way the people will even bother listening. Grayson had a D next to his name, but fought the same battle.

Wed, 05/11/2011 - 11:09 | 1263146 kridkrid
kridkrid's picture

There was, for a long time, a part of the Republican Party that Ron Paul easily would have been a part of... Mr. Republican Robert Taft... he and Ron Paul are philosophically very similar.  That part of the party was destroyed.  The party has driven hard away from any defense of "liberty".  I could make the case that Ron Paul is far more "Republican" than anyone in the Republican Party.

Wed, 05/11/2011 - 10:49 | 1262971 centerline
centerline's picture

Nice rant.  Right on the money too (pun intended).


Wed, 05/11/2011 - 15:28 | 1264546 downrodeo
downrodeo's picture

The only time I see the R's and the D's align together like they do against Congressman Paul is when they are sucking banksters cocks or licking the MIC's balls.



Can I put this on a bumper sticker?

Wed, 05/11/2011 - 10:35 | 1262898 Ident 7777 economy
Ident 7777 economy's picture

by DaddyO  on Wed, 05/11/2011 - 10:28 #1262867 

When people realize they are being played by TPTB regarding left/right politics,

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

Ummm ... so, which way would label a LIBERTARIAN?


See, that's Paul's roots you see, he only migrated over to the Repub Party to gain some 'numbers' as in followers for a couple trys at a presidential runs ...


Didn't know this did you ?



Wed, 05/11/2011 - 10:41 | 1262943 Dr. Richard Head
Dr. Richard Head's picture

What do you suppose we can do then?  Any ideas instead of pointing out the obvious flaws?

Wed, 05/11/2011 - 11:25 | 1263243 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

But be careful. That nice man on Fox News who cries a lot told me that Libertarians are really Socialists. Or did he say that Progressives were Facists? Or were they all Communists? Now even I'm confused!


I'll have to get back to you on this one.

Wed, 05/11/2011 - 12:03 | 1263423 Lucky Guesst
Lucky Guesst's picture

Could you provide a link please? A Libertarian is the opposite of a socialist and I doubt anyone on any program tried to suggest otherwise.

Wed, 05/11/2011 - 14:06 | 1264101 Hugh G Rection
Hugh G Rection's picture

You mean BeckAdict Arnold?


Fuck that Illuminati scumbag.  His job is to hijack dissent and mock 9-11 truthseekers. 


FUCK YOU GLENN BECK YOU PIECE OF SHIT!  Now that your show is going away, who is going to steal Alex Jones' material and spin it for the globalists???

Wed, 05/11/2011 - 10:14 | 1262782 Vergeltung
Vergeltung's picture



Wed, 05/11/2011 - 10:18 | 1262800 downwiththebanks
downwiththebanks's picture

So the answer to this problem is voting GOP?

Wed, 05/11/2011 - 10:20 | 1262825 Dr. Richard Head
Dr. Richard Head's picture

Not at all.  The answer is to withdraw consent.  I have been doing it now for two years.  I refuse to comply with much of the bullshit and I stikc it to the banksters with defaults.  I laugh in the face of local officials and ridicule national officials in all possible situations. 

I drag my feet on federal taxes and tell them to fuck off.  Sooner or later their force will come down upon, but I don't care.  I will not stop fighting.

Not so sure voting changes much of anything, but I vote for principle over gambling on a horse race and voting for the person who has the best chance to win. 

I don't watch cable, I don't buy the corporate bankster products, I buy silver and gold, and I take away my productive capacity from being able to be manipulated by fractional reserve banking practices.

Fuck them, fuck them all.  I do not consent and I will continue to not consent.   

Wed, 05/11/2011 - 10:35 | 1262902 LowProfile
LowProfile's picture

Stay safe, and have fun!


Wed, 05/11/2011 - 10:49 | 1262973 Chump
Chump's picture

You are magnificent and far more effective than Ron Paul.  By several orders of magnitude.

Wed, 05/11/2011 - 10:58 | 1263058 Dr. Richard Head
Dr. Richard Head's picture

Not sure if your sarcasm is showing or not, but if it wasn't for Ron Paul Iwould still be gathering up credit cards, buying bigger homes, and "saving" all of my productivity in a bank.  I understand your point very well and they have some valid points, but Ron Paul cured my apathy.  Rehabilitation was my responsibility and no one elses.

Wed, 05/11/2011 - 11:54 | 1263379 Chump
Chump's picture

No sarcasm.

Wed, 05/11/2011 - 12:05 | 1263420 ConfusedIdiot
ConfusedIdiot's picture

Nice DH.. If you are ever down San Miguel way let me know and we can compare notes over a couple margaritas. All the best CI

Wed, 05/11/2011 - 21:45 | 1266137 GreenSideUp
GreenSideUp's picture

Hell YES!! Bravo to you!  I am working towards the same things and spreading the word.  Love the looks of utter shock on peoples' faces when I discuss withdrawing consent or civil disobedience.  Most are still waiting for the next's that working out? 

Wed, 05/11/2011 - 10:44 | 1262953 SMG
SMG's picture

We need a new anti-oligarch, anti-central bank, power decentralizing political party.  Problem is now you really don't have a choice.  You can vote for a federal reserve or for a federal reserve.  You can vote for Goldman sachs running the treasury (Paulson) or Goldman sachs running the treasury (Geithner).  

If someone put a new political party out there that gave a real choice about that stuff, that would be the real solution.

Wed, 05/11/2011 - 11:27 | 1263254 Clampit
Clampit's picture

"power decentralizing political party"

The market anarchism oxymoron bumper sticker of the month!

Seriously though, I've given up hope of any top down approach and instead look to which state is closest to secession. Political cannibalism should be encouraged.

Wed, 05/11/2011 - 11:42 | 1263324 traderjoe
traderjoe's picture

What I found interesting is that Ron Paul seems to want us to pay our national debt back. If he argues against the Fed, then the debt is a fraud. Sovereign countries do not need to borrow, especially at interest.

If he was truly against the Fed he would discuss this fact, and even offer to repudiate the debt. At this point, austerity is a gift to the bankers.

Wed, 05/11/2011 - 10:44 | 1262956 SMG
SMG's picture

We need a new anti-oligarch, anti-central bank, power decentralizing political party.  Problem is now you really don't have a choice.  You can vote for a federal reserve or for a federal reserve.  You can vote for Goldman Sachs running the treasury (Paulson) or Goldman sachs running the treasury (Geithner).  

If someone put a new political party out there that gave a real choice about that stuff, that would be the real solution.

Wed, 05/11/2011 - 10:20 | 1262827 DeadFred
DeadFred's picture

Every two years the GOP finds and funds someone to run against Ron Paul in the primary hoping to knock him out. At the national committee level they hate him.

Wed, 05/11/2011 - 11:12 | 1263176 kridkrid
kridkrid's picture

and spend a lot of money doing it.  It's remarkable to witness.  Like anyone else... i spent a period of my life buying the rhetoric of the two party system... the rhetoric of the right connected with my libertarian sensibilities a bit more than the rhetoric of the left (though over time... the R's have become much more statist).  But the treatment of Ron Paul by the Republican party as created in me an absolute hatred of the Republican Party, Fox News, and the mindless dolts who support either.

Wed, 05/11/2011 - 09:55 | 1262681 Sudden Debt
Sudden Debt's picture

why do the stars above the eagle form the jewish david star?




Wed, 05/11/2011 - 09:58 | 1262712 augie
augie's picture

Thats not just the star of david. Thats a sacred geometrical pattern dateing back eons.

Wed, 05/11/2011 - 10:07 | 1262768 optimator
optimator's picture

and the swastika is too.

Wed, 05/11/2011 - 09:59 | 1262720 Huckleberry Finn
Huckleberry Finn's picture

because jews run the world my friend.

Wed, 05/11/2011 - 10:25 | 1262818 whstlblwr
whstlblwr's picture

Roll eyes. Do excercise of your mind. Just try take other side for laugh, and make argument Christian run world, or black run world, or men run world. You could do it. Anyone say Jew run world looking scapegoat, and easy target. Are you cliche with other things. Do you kick your dog.

Thanks for heads up hearing. At least he doing something. Let's see if it get press.

Wed, 05/11/2011 - 10:30 | 1262863 High Plains Drifter
High Plains Drifter's picture

yes , they use the masonic brotherhood in order to control the goyim. all leaders in all countries (or almost all) are selected, not elected, including this country. there is no real freedom and no real liberty.  if a country is not on the team , then it is called a member of the axis of evil.......and people who fight them are called terrorist and insurgents......and we fight for them , and we die for them, and nobody cares and nobody knows......

Wed, 05/11/2011 - 10:09 | 1262756 High Plains Drifter
High Plains Drifter's picture

13 stars representing 13 tribes..........but wait, there were only 12 tribes , right?   wrong. there were 13 with manasseh receiving a let us be clear here....none of these people that practice judaism of today, and i do mean none.......are in any way shape or form related to or connected with the orginal israelite people of the Book......but they want us to think that they are. also david ,king of all israel, never used that symbol. that symbol started being used by solomon, his son. it is the two interlocking triangles of the kabbalah.......representing the male and female aspects of god or as they believe it to then, one might extrapolate to other thoughts, that perhaps may get into the realm, of what exactly was the true nature of the beginnings of this nation and why did this nation come to be........if you search long and hard, you may find the answer more or less and that answer will not engender happy thoughts.......


now, back to your regulary scheduled programming.......

Wed, 05/11/2011 - 11:30 | 1263271 augie
augie's picture

its funny how many come to that same conclusion when they have been on the path long enough.

Wed, 05/11/2011 - 10:13 | 1262778 Smiley
Smiley's picture

Its a Star of Rothschild.

Wed, 05/11/2011 - 10:18 | 1262801 SMG
SMG's picture

The star above the "eagle" (it's actually a phoenix) isn't Jewish.   Just like the swastika means nazi's to most of us, in japan for example, it means temple.   That particular star is something along the lines of "as above, so below", it is an Illuminati/ Masonic symbol.  The oligarchs like to put stuff like that out there in full view, they think it just proves how stupid we all are to miss something hiding in plain view like that.  I hope they're wrong.

Wed, 05/11/2011 - 10:29 | 1262872 High Plains Drifter
High Plains Drifter's picture

actually the symbol used by the nazis was a ancient occult symbol , isn't it? also people that heavily into the kabbalah etc, are also heavily into numerology. they think there is power in it. maybe there is, who knows. but the point is, is that they think there is power in it, and that is good enough.......

Wed, 05/11/2011 - 16:52 | 1265030 Debt is Slavery
Debt is Slavery's picture

Jordan Maxwell has some great insight on these symbols

Wed, 05/11/2011 - 18:13 | 1265497 blindman
blindman's picture

try this.
Nassim Haramein 45/45
ancient symbol of power. power beyond the comprehension
of man, so far. i wonder concerning extracting energy and
perhaps matter itself, from the backround vacuum of "nothing",
as in, is nothing really nothing or is it perfectly balanced
something, the ambient invisible energy of the universe. if it
is "something", however unobserved and unobservable? then it
must have a structure. rules of form. this is that symbol
presented in a two dimensional way. intersecting and intertwined,
impregnated, tetrahedrons with resulting symetric polarity, setting
up a flow dynamic resulting in identity, singularity, and basically
a dynamo of power, stuff from nothing but the ambient reality,
stuff from knowing what is not generally known.
lots to think about, as par always.

Thu, 05/12/2011 - 01:57 | 1266694 Shredd the FED
Shredd the FED's picture

because they (AIPAC) run America... Government, FED, most of the Media, and most of the banks... do your own research (wikipedia and other sources) and you will find lots of evidence. We (America) are just a puppet, and israel is the puppet master. More and more americans are finaly getting it...

Wed, 05/11/2011 - 09:58 | 1262688 augie
augie's picture

/dx is up. Aparently "they" aren't listening to Dr. Paul.

Wed, 05/11/2011 - 09:56 | 1262693 Josh Randall
Josh Randall's picture

We need in Ron Paul and The Bernank in the Octogon, STAT. Lets clear this thing up once and for all

Wed, 05/11/2011 - 10:06 | 1262746 augie
augie's picture

I'll take the Doctor (no not rossi) "skinny guys fight till they're burger." Absolutely god damn right.

Wed, 05/11/2011 - 09:56 | 1262695 101 years and c...
101 years and counting's picture

do any of those people speaking have a PhD from a criminally funded ivy league institution?



Wed, 05/11/2011 - 09:56 | 1262698 Turd Ferguson
Wed, 05/11/2011 - 10:04 | 1262735 Robslob
Robslob's picture

Read it everyday Turd.

Thank You!

Wed, 05/11/2011 - 11:51 | 1262823 augie
augie's picture

you are buying at 36.50? I dont know how you do what you do turd, but if you say 36.50 i'l get out of my 32 puts when slv is at 36.


Thank you for your insights.


EDIT* for the record sold at 31.31 for around .40 on 10 slv puts (thats around a days work for what i go for)


here's to playing it safe for once.

Wed, 05/11/2011 - 10:21 | 1262828 AG BCN
AG BCN's picture

Always a good read, keep it up El Turdo.   

Wed, 05/11/2011 - 10:48 | 1262961 Long-John-Silver
Long-John-Silver's picture

Looks like it'll be $35 soon. The DXY is up too. I predicted a few weeks ago we would see wild swings up and down. When you cut the head off a snake it's body does the same thing.

Wed, 05/11/2011 - 11:07 | 1263149 Roy Bush
Roy Bush's picture


Please get on Twitter and post your new columns.  It would definitely help with your readership and is super-easy.


Wed, 05/11/2011 - 14:48 | 1264314 Turd Ferguson
Turd Ferguson's picture

I do. Its listed under TFMetals.!/TFMetals

Wed, 05/11/2011 - 09:56 | 1262699 John Law Lives
John Law Lives's picture

This sounds like another important event that will be largely ignored by the MSM and many politicians.

Wed, 05/11/2011 - 09:57 | 1262706 High Plains Drifter
High Plains Drifter's picture

sponsored by the john birch society......

Wed, 05/11/2011 - 10:01 | 1262713 Badabing
Badabing's picture

How much to buy Ron Paul?

Wed, 05/11/2011 - 10:11 | 1262771 High Plains Drifter
High Plains Drifter's picture

are you a member of the masonic brotherhood?  if so, then you know the answer to this question already........

Wed, 05/11/2011 - 09:59 | 1262716 I am Jobe
I am Jobe's picture

I want Al Capone back with a baseball bat to clean up this mess. Time to hit some heads and clean up the system

Wed, 05/11/2011 - 10:29 | 1262871 darkaeye
darkaeye's picture

Funny you should mention Al Capone, who was eventually "got" by Eliot Ness, who, despite widespread influence and corruption in the law enforcement and judicial system, managed to bring down Capone and cripple his empire.

Today's "Eliot Ness" is Bart Chilton of the CFTC.  Sadly, Mr Chilton faces even greater influence and corruption at even higher levels than did Eliot Ness. At least Ness had the support of then President Hoover and Treasury Secretary Andrew Mellon.  Mr Chilton however appears to be a lone Ronin, fighting the good fight with out any visible support from the seats of power.

And that is a crime in itself.

Wed, 05/11/2011 - 10:03 | 1262729 Greater Fool
Greater Fool's picture

Ron Paul: Because fiscal policy is bankrupting the nation, I will hold a hearing on monetary policy instead and try to shift blame onto the Fed for Congress's failings.


Wed, 05/11/2011 - 10:08 | 1262759 Dr. Richard Head
Dr. Richard Head's picture

Congress is indeed complicit in fiscal policy, but it is but a fraction of what the Fed does to accomodate this fiscal policy of the Congress.  In fact, the Fed spends well above and beyond the Congress as a whole.  Without the Fed to accomodate, the hands of Congress would be tied. 

Yawn away cock gobbler and let the Bernank stick his dip stick into your open pie hole.

Wed, 05/11/2011 - 10:16 | 1262803 infotechsailor
infotechsailor's picture


Wed, 05/11/2011 - 10:30 | 1262864 Chump
Chump's picture

Dude has been chairman of the monetary policy committee for how long now?  He's had the opportunity to nail Bernanke's balls to the wall how often?  He has ample evidence of Bernanke perjuring himself and violating black letter law and has done....what...exactly?

Instead he prattles and meanders around whatever arcane point he's trying to make, loses the interest of anyone watching, and allows Bernanke to dismiss him with a smirk and wave of the hand.

Yeah, real fucking savior we have in Ron fucking Paul.

Wed, 05/11/2011 - 10:41 | 1262920 Dr. Richard Head
Dr. Richard Head's picture

I'm not looking for a savior, as I can only save myself.  At the end ofthe day Mr. Paul opened my eyes and I have taken it from there.

You have one false premise.  The mechanisms available for prosecution have not intention of getting rid of the status quo.  The same mechanisms available for prosecution are the same that are enriching the ruling bankster class.  You blast me for looking for a savior (which I am not) while at the same time expect the courts to be the savior. Who is fucking going to do anything against the banksters when the regulatory agencies are the fucking banksters?

This is a battle of ideas at this point and most people still think they are helpless.  Instead withdraw your consent.

Wed, 05/11/2011 - 10:56 | 1263042 Chump
Chump's picture

Not blasting you, I'm blasting Ron Paul because he has been and remains useless.  But, if he helped open your eyes then I guess there's that to be thankful for.

Withdraw your consent, indeed.  I'm ready for the bloodletting now.

Wed, 05/11/2011 - 11:01 | 1263082 Dr. Richard Head
Dr. Richard Head's picture

I know.  I'm just pissed and tired of being a speculator.  This gerbil wheel is making me crazy.

Wed, 05/11/2011 - 11:17 | 1263211 Chump
Chump's picture

I'm losing my mind as well.  We live in an insane world.

Wed, 05/11/2011 - 11:32 | 1263282 Dr. Richard Head
Dr. Richard Head's picture

Thanks for the challenging debate.  I needed to vent I guess is all.  Felt pretty fucking good my friend.  Pretty fucking good.

Wed, 05/11/2011 - 11:49 | 1263349 traderjoe
traderjoe's picture

Good stuff.

+1 to removing consent

Wed, 05/11/2011 - 10:39 | 1262928 FEDbuster
FEDbuster's picture

I really like Ron Paul, but he is a whimp when it comes to a real fight.  Lot's of talk on all the cable news channels, raises money for POTUS campaigns he cannot win and cannot even get the FED to show up at his hearings on the FED? 

What is needed is a nut case, fighter like Jim Traficant to battle these banksters.  They put him away once, but he is still out there fighting the system.  Alan Grayson is another "out of control" fighter of the FED.  I don't agree with most of Grayson's platform, but his fighting the FED was well done.

Wed, 05/11/2011 - 10:45 | 1262950 Dr. Richard Head
Dr. Richard Head's picture

We all have our roles.

Wed, 05/11/2011 - 11:35 | 1263283 augie
augie's picture

And if you don't pay no tolls, We don't get no Rolls!




Wed, 05/11/2011 - 10:09 | 1262774 High Plains Drifter
High Plains Drifter's picture

more blather for the is time to fix bayonets and take the high ground......

Wed, 05/11/2011 - 10:30 | 1262879 Chump
Chump's picture

The +1 goes here.

Wed, 05/11/2011 - 10:48 | 1262983 Dr. Richard Head
Dr. Richard Head's picture

I would agree action needs to be taken, but fighting against the MIC is a fool's errand that will result in one's own demise. Not enough people to overcome the MIC at this point. Remember the MIC fights for the Fed not for freedom. 

Wed, 05/11/2011 - 10:01 | 1262733 gbresnahan
gbresnahan's picture

Ron Paul 2012

Wed, 05/11/2011 - 10:04 | 1262747 benburnyanki
benburnyanki's picture

Man I so sick and bloody tired of damn DEBT!!.

Hell if it were not for debt, we would not have a pack of sharks sittin' atop the pyramid scam Ponzi Scheme Fed loaded wit all our dough maties!!


No joke but this German PhD calculates middle class and poor pay 45% of their income for interest payments and anyone with 600K in the bank, which is the top 10% who make money off of interest banking system. THE OTHER 90% OF THE WORLD PAYS INTEREST TO THE 10% WHO PROFIT FROM INTEREST IN THE WORLD.


See Jak Bank in Sweden not charges interest Video:

Wed, 05/11/2011 - 10:06 | 1262761 I am a Man I am...
I am a Man I am Forty's picture

does ron paul need to borrow my video camera on my droid incredible??  cuz it's better than the crap being used to record this hearing

Wed, 05/11/2011 - 12:07 | 1263436 hugolp
hugolp's picture

Its a government building. If it did not have 20 year old technology it would not be a governmetn building.

Wed, 05/11/2011 - 10:09 | 1262763 UnRealized Reality
UnRealized Reality's picture

He made millions from End the Fed, and now he is sympathizing with them.

Wed, 05/11/2011 - 11:52 | 1263362 traderjoe
traderjoe's picture


Wed, 05/11/2011 - 10:09 | 1262764 I am Jobe
I am Jobe's picture

Sick and tired of the hearings and crap. Hang the bitchezz or use a bullet. Either one works.

Wed, 05/11/2011 - 10:31 | 1262884 Blotsky
Blotsky's picture

Hang them. We only need one rope to get the job done instead of a gun and several crates of bullets.

This would be a great way to initiate true Spending Reforms!

Wed, 05/11/2011 - 10:46 | 1262946 FEDbuster
FEDbuster's picture

Why can't Ron Paul send SEAL Team 9 over to the Federal Reserve Building to take out the financial terrorists?  Hell, I'll even pay their cab fare!

Wed, 05/11/2011 - 10:07 | 1262766 samsara
samsara's picture

Ron Paul/Jesse Ventura   for Pres/VicePres  2012

And it wouldn't matter if they win or not,  the campaign itself would be worth everything just to watch.

Wed, 05/11/2011 - 10:15 | 1262797 optimator
optimator's picture

And Ralph Nader to head the FED.

Wed, 05/11/2011 - 10:08 | 1262769 SP666_IsComing
SP666_IsComing's picture

All news everywhere now is completely worthless and irrelevant except for ONE!

Comet Elenin is coming Sept 27, 2011.  From mythology, stars are considered agels and comets are considered

archangles. Comet Elenin will be the mightiest archangel of them all.  It will try to overpower the sun (god of old)

when it crosses directly between the earth and sun and it will literally fall to earth.  This comet is the origin of

all the old myths about the mightiest angel who fell from grace, banished by god (the sun), and fell to earth …

better known to everyone as Lucifer.

This comet’s vapor trail is saturated with dust (as all comets are) and it will sweep and engulf the earth in

October (the falling angel!).  The massive vapor and dust tail will engulf the earth and create enormous rainclouds

for DAYS all over the world.  Water levels will rise everywhere.

A massive flood is coming in October!  This is not a joke. This is not a test.

SP-666 will be taken out before October! 

Bankster criminals, murderers and thieves (and all their ilk) have kept this “little” event secret for centuries

within their stupid childish secret society cults. For nothing but pure greed and hatred for the rest of humanity,

sheeple and markets have been lied to and manipulated for millennium so those greedy little devils … “chosen people”

can “inherit the earth” after this event.  They are stealing and raping everyone now to accumulate every last ounce

of gold (money) before October.

Wed, 05/11/2011 - 10:26 | 1262858 JustSpinIt
JustSpinIt's picture

Haha. Are you taking donations for an ark?

Wed, 05/11/2011 - 10:38 | 1262900 SP666_IsComing
SP666_IsComing's picture

This is no joke buddie. Disbelievers will perish, as was predicted long long ago.

Wed, 05/11/2011 - 11:09 | 1263162 John Law Lives
John Law Lives's picture

Looks like another cult has the jump on yours.

Wed, 05/11/2011 - 11:53 | 1263355 Non Passaran
Non Passaran's picture


Wed, 05/11/2011 - 17:20 | 1265191 Hephasteus
Hephasteus's picture

Deceiver's need only beleivers. I'm happy to leave the club. Have fun with your slave owners.

Wed, 05/11/2011 - 10:38 | 1262905 AG BCN
AG BCN's picture

You will get a curse put on ya for taking the piss. You know how these fire and damnation types are.

Wed, 05/11/2011 - 12:31 | 1263597 radarthreat
radarthreat's picture

You're an idiot.  Read about the 1910 apparition of Halley's comet.

Wed, 05/11/2011 - 10:10 | 1262779 Scottj88
Scottj88's picture

“Believe me, the next step is a currency crisis because there will be a rejection of the dollar, the rejection of the dollar is a big, big event, and then your personal liberties are going to be severely threatened.” -- Ron Paul

Federal Reserve Note: 1971-2012?

Wed, 05/11/2011 - 10:14 | 1262793 digalert
digalert's picture

Why they let the FED (a bank) print money and LOAN it to the treasury charging interest is beyond me. End the FED now and begin the criminal prosecutions. Start with Shifty Paulson, Turbo Geithner and the Bubble Bernank.

Wed, 05/11/2011 - 11:56 | 1263373 traderjoe
traderjoe's picture

It's the scam of the century.

Wed, 05/11/2011 - 12:11 | 1263441 overmedicatedun...
overmedicatedundersexed's picture

Ron Paul is doing what he can..against him is the whole banking/gov elites..they manipulate the media against him, trolls here belittle him, he has gone ..on point more than other pol..and been wounded more then most for it.

It is not up to Mr Paul ,it is up to the citizens to take up the fight..he cannot do it alone.

take your FRN's and move as much as you can into PM's that is what the average citizen can do much more impact than a "vote"

It's not about investing it is about the WAR on the citizens of America and really the world.

Wed, 05/11/2011 - 10:15 | 1262796 Everybodys All ...
Everybodys All American's picture

I've come to the conclusion that even Ron Paul will do nothing about this mess.

Wed, 05/11/2011 - 10:17 | 1262804 Robslob
Robslob's picture

The "person or persons" responsible for prosecuting would have to be "off the payroll" before anything meaningful could be done...

Wed, 05/11/2011 - 10:20 | 1262807 Jim Lahey
Jim Lahey's picture

If the country were headed in the right direction Ron Paul would be the baseline for political thought instead of the outlier.  As it were he is the only politician to recognize the military industrial complex and the destructive policies of the fed. 

Wed, 05/11/2011 - 10:22 | 1262821 UnRealized Reality
UnRealized Reality's picture

He made millions from End the Fed, and now he is sympathizing with them.

More inconsistencies, Politicians primary goal is the PROTECT the state. READ the Constitution

Wed, 05/11/2011 - 10:26 | 1262855 Alex Kintner
Alex Kintner's picture

Dr. Ebeling "We are Living beyond our means."

No shit Sherlock. Stop the pointless wars and cut military spending by 6X. Then we are almost there. WTF.

Wed, 05/11/2011 - 10:26 | 1262857 Johnny Lawrence
Johnny Lawrence's picture

I wish Ron Paul didn't sound like a babbling idiot when he speaks publicly.  I'll obviously support him for President, but the man has no charisma at all.

Wed, 05/11/2011 - 11:00 | 1263096 thedrickster
thedrickster's picture

Charisma in a politician is just a manifestation of his sociopathy.

This is why RP lacks "charisma", he isn't sociopath.

Wed, 05/11/2011 - 10:44 | 1262954 Franken_Stein
Franken_Stein's picture


It's funny.


No one in Europe wants U.S. troops to be stationed here.

In the U.S. people want the Gi's to come hope and close costly overseas military installations.


Yet nothing is happening.

Looks like the only one interested in the status quo are our respective politicians.

Fuck the politicians !!!


Let's collectively puke into their fucking faces.


Wed, 05/11/2011 - 11:33 | 1263219 metastar
metastar's picture

We have a government for the corporation by the corporations.

We The People are not represented at all!


Think about this:

The financial industry has reportedly spent approximately $300 million fighting financial reform. More than 850 banks, hedge funds, companies, associations, and other organizations hired 3,000-plus lobbyists to work on the reform bills. The U.S. Chamber of Commerce deployed 85 lobbyists alone.

That's 5 lobbyists for each member of congress!

Wed, 05/11/2011 - 10:50 | 1262978 glenlloyd
glenlloyd's picture

Yes, RP has a problem presenting a consistent thought, but the overall message is good and it does carry a lot of weight. I do support him, he's the only one I know of who's been talking about this for years.

I have no doubt that Congress will raise the debt ceiling, it seems inevitable that once this course has been taken that there will always be excuses about why it needs to be raised. Absent some miraculous injection of moral rectitude I don't think there's any doubt about how this will all end.

Wed, 05/11/2011 - 11:43 | 1263310 Libertarian777
Libertarian777's picture

i wouldn't say he has a problem presenting a consistent thought, I think it's more that he understands the intracacies of the interreliance between the systems that cause these issues. Sometimes though he does stray a bit from the core question.

E.g. in trying to question on monetisation of debt, he has to touch on the US Treasury's issuance, the Fed's monetisation of it, POMO purchases, the national debt and Congress' complicity, even though the core question is monetisation.

Unfortunately I do think he loses the sheeple.

As many have said before, Ron Paul cured my apathy.

Wed, 05/11/2011 - 16:26 | 1264845 istt
istt's picture

Quit carping.  Why don't you tell us who is better than Ron Paul.  Give the guy a fricken break.  He is doing the heavy lifting and all guys like you can do is criticize him.  The guy is both a genius and a hero.  Go stick your head back in the sand.

Wed, 05/11/2011 - 11:00 | 1263073 Havana White
Havana White's picture

Recirculate stolen $. Key a Lexus.

Wed, 05/11/2011 - 11:16 | 1263186 JW n FL
JW n FL's picture

Mr. Ely is a Traitor Against "We the People".


He thinks that tax cuts are fine, he wants to cut entitlements.. well let’s start with the Government Jobs! Lets start with Congress and the Senates pay. Let’s Start with 2 fucking Federal Employees for every 1 Manufacturing Job found in America!


Let’s let the top 1% pay $0 fucking dollars in U.S. Taxes!


Let’s cut help for the poor people!


Let’s leave ALL 2 Government Jobs in Place for everyone Manufacturing Job!


Let’s let ALL of the Government Jobs earn more and have a better benefits package than can be found in the private sector for the EXACT SAME KIND OF WORK!




Wed, 05/11/2011 - 11:19 | 1263210 metastar
metastar's picture

Ending the FED without also ending Fractional Reserve Banking will do nothing.

Thu, 05/12/2011 - 04:34 | 1266854 benburnyanki
benburnyanki's picture

no way man. what kind of negative 'tude is that? how the hell do you knock down a brick wall? one brick at a time.

oh i would give me left nut, (right nut blowed off by musket) to see the bleedin' Frac Res Bankin Mob scuttled straight to Davey Jones Locker matey, don't git me wrong.


tin kap kaptin out

Wed, 05/11/2011 - 11:34 | 1263277 iinthesky
iinthesky's picture

Any alternative links to get to the video feed? I can't reach it due to the third party KGB censorship filters in place at work.

Wed, 05/11/2011 - 11:48 | 1263334 metastar
metastar's picture

Install TOR ( or remote desktop to a home PC.

Wed, 05/11/2011 - 11:42 | 1263320 JW n FL
JW n FL's picture

Ron Paul!!! Ended the Hearing before the idiot from the FED could answer the Question..




How come NO! one on the Hill! EVER!! gets any answers to ANY! REAL!! Questions????????


Becuase it is a dog and pony show for the sheep!

Wed, 05/11/2011 - 11:50 | 1263345 Cone of Uncertainty
Cone of Uncertainty's picture

Ron Paul is the perfect foil for the rest of these asshat politicians.

His crusade is fruitless, as there is no fighting the strongest force in the universe--compound interest.

PM's muther cunt lickers.

Wed, 05/11/2011 - 16:20 | 1264807 istt
istt's picture

How about trying to same something intelligible.  There is no logic whatsoever in what you say.  Pure gibberish.

Wed, 05/11/2011 - 12:34 | 1263606 lesterbegood
lesterbegood's picture


Another useless hearing by a sub-committee of Congress Corp. regarding FedCorp and US Corp.

Corporations pretending to be legitimate governments...

Corporatism at work.

Wed, 05/11/2011 - 12:39 | 1263647 AZSovreign
AZSovreign's picture

Ron Paul is the status quo he has been in congress since the 70's and has accomplished nada. If he isn't controlled opposition than I don't know what is. He finally gained the chairperson seat which he has been aiming at for years, and has accomplished.... nothing, save a for a hearing here and there.


There is NO saviour currently in congress or the WH, it has to come from somwhere in the US some untainted, non political polluted individual, or a large force of awakened sheep.

Wed, 05/11/2011 - 16:19 | 1264814 istt
istt's picture

Total rubbish.  The MSM marginalizes him at every turn and dolts like you blame Paul.  How dumb can one get?

Wed, 05/11/2011 - 12:41 | 1263684 g speed
g speed's picture

new "company man" being trotted out to minimize the "PAUL" is the fed posterboy Herman Cain--- you heard it here first.

Wed, 05/11/2011 - 13:08 | 1263821 bbq on whitehou...
bbq on whitehouse lawn's picture

Finding solutions is not the problem. The problem is finding common ground.

Set a benchmark any benchmark and someone with disagree with it.

You would think by now humans could agree about something, anything. But no we don't agree about anything.

Even a majority is only achived by phys-ops and poll rigging.

...we few we bitter few we band of irrate and grumpy. May we each laugh and love for no reason, for no reason is asked; no reason required.  For life is not a reason but an act of defiance.

Wed, 05/11/2011 - 13:29 | 1263946 playitcool
playitcool's picture

Ron Paul is about as poignant as an abacus. I am a fan of his, however.

Wed, 05/11/2011 - 14:29 | 1264228 silberblick
silberblick's picture

If you haven't seen it yet, here's a hilarious animation about Americans and how they are being hosed by their government:

Wed, 05/11/2011 - 14:48 | 1264322 baseball13
baseball13's picture

For all you Ron Paul bashers - instead of the constant shortcomings you throw out, why not try, just try to give him some credit? Look at his record compared to others. He has been a more consistant supporter of the Constitution than anyone in modern history. Yes, he certainly might not be the most polished public speaker, but do you place so much importance on appearances? Really? Isn't that how we got the Obamanator? At the very least Dr. Paul's relentless efforts have led to a greater awareness among the sheeple. Isn't this what a majority of the ZH readers want? Don't we LIKE IT when the ingrained politicians shit their pants? Education and awareness are about the only tools left to the American People to save this country, or, at least save themselves.

Wed, 05/11/2011 - 15:44 | 1264636 AldoHux_IV
AldoHux_IV's picture

Enough masturbation already-- end the fed, reform the treasury, and replace our politicians with actual people not endorsed by corporations to be there.

Wed, 05/11/2011 - 16:15 | 1264781 istt
istt's picture

Thanks for providing this link.  Watched it from start to finish.

Ron Paul is the real deal.  Anyone who says otherwise is clueless.  He has called for all the right things and the MSM marginalizes him at every opportunity.  For example, last night NBC Nightly News shows an excerpt of GOP presidential hopefuls stating that none of them have a chance.  They then take a sound bite of Ron Paul saying, "So if you legalize heroin, everyone will use heroin."  Anyone who knows anything about Ron Paul knows that he was making the point how nonsensical this thinking is.  These bastards do this crap all the time and the brain dead public says, "see, look how silly that is."  The American public is getting exactly what they deserve.

If we had Paul in the White House things would get tough before they would get better but he would turn the mighty ship of state.  A lot of financial hooligans would be rotting in prison for the rest of their lives, as they should be.

Do NOT follow this link or you will be banned from the site!