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Watch Ron Paul Hearing On "Legislation To Reform Fed And Other Alternatives"
We skipped the first part of today's hearing by the Ron Paul-chaired Domestic Monetary Policy and Technology Subcommittee titled “Improving the Federal Reserve System: Examining Legislation to Reform the Fed and Other Alternatives” as one of the two panelists was Barney Frank, which immediately meant it would be a complete and utter waste of time, and everyone would walk away far dumber from it, with god likely not having mercy on anyone's soul. The second part however promises to be far more interesting featuring such names as John Taylor (not the FX Concepts Taylor or the musician), Peter Klein, James Galbraith and Alice Rivlin. While everyone knows wha has to be done about the Fed, the likelihood that this will happen before the Big Reset is zero, but at least people can talk, dream and speculate. Watch the live webcast for more of the latter.
Panelists and their prepared testimony below:
- Dr. Jeffrey M. Herbener, Chairman, Economics Department, Grove City College
- Dr. Peter G. Klein,
Associate Professor, Applied Social Sciences and Director, McQuinn
Center for Entrepreneurial Leadership, University of Missouri - Dr. John B. Taylor,
Mary and Robert Raymond Professor of Economics, Stanford University and
George P. Schultz Senior Fellow in Economics, Hoover Institution - Dr. James K. Galbraith, Lloyd M. Bentsen, Jr. Chair in Government/Business Relations, LBJ School of Public Affairs, University of Texas at Austin
- Dr. Alice Rivlin, Senior Fellow, Economic Studies, Brookings Institution, and former Vice Chair, Federal Reserve Board of Governors
Click on link for live webcast:
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We are as private parts to the Gods. They play with us for their sport.
Crap if I'd known Ron was going to talk about that today I would have taken more money out of my checking account for the trip to the coinstore.
Phil Donahue on Ron Paul:
http://www.planbeconomics.com/2012/01/29/phil-donahue-on-ron-paul-foreign-policy-america-is-now-a-warrior-state/
youtube has pulled it.
Here it is http://www.dailypaul.com/222959/phil-donahuemay-be-the-key
you tube didnt pull it, cnbc pulled it, along with every other ron paul clip that some how connects them....cocksuckers...
Unfortunately a pain greater than simply economic must strike before people become willing desperate to do what needs to be done. The only reason the can gets kicked down the road is because the majority of us want it to be kicked.
When this is no longer the case the Fed in its present form will be dead. But not before most of the middle class wealth has been extracted and converted to the financial elite.
Sadly we are our own worst enemy. We are still enamored by our false hopes which are helpfully promoted by those who stand to benefit.
The majority are oblivious to the fact that a can even exists. Self-deception is pervasive in our society.
"There is an almost gravitational pull toward putting out of mind unpleasant facts. And our collective ability to face painful facts is no greater than our personal one. We tune out, we turn away, we avoid. Finally we forget, and forget we have forgotten" WHY WE STICK OUR HEADS IN THE SAND
By Zick Rubin; Zick Rubin is the Louis and Frances Salvage Professor of Social Psychology at Brandeis University and the author of ''Psychology: Being Human.''
Published: June 16, 1985
"... Sadly we are our own worst enemy".
No.
Make no mistake. The worst enemy of 99% of the life forms on this planet are the parasitical Central Planners. Nothing else comes remotely close.
If your point is that a large majority are ignorant of the problem, or that many are too lazy or distracted to respond, I would agree with you.
Never lose focus on the true source of the problem. And never give the ruthless bastards a free pass.
"If your point is that a large majority are ignorant of the problem, or that many are too lazy or distracted to respond, I would agree with you."
Yeah. That. :>)
Blissfully ignorant I might add because the system is designed to encourage precisely that state of mind.....until the piano falls on them that is.
Ignorance...
"The world is a dangerous place. Not because of the people who are evil; but because of the people who don't do anything about it."
-Albert Einstein
Funny how when there is any light brought on the fed the economic terrorists tank the market.
CSPAN3 feed kept droping out when the hearing began.(unwatchable),this link didn't work either.
Something about double secret probation.
It's on now.....must be done talking about the metals.
Ron Paul helps to re-arrange the deckchairs on the Titanic
...gripping TV, wake me up when they drown as i'd like to take note of Pauls final words capping his worthless (pissing into a hurricane) political career
You are incorrect. I have concluded that your ability to ascertain worth is bad.
Can sadly agree with you there, Zero G.
Well I will agree that we need a real ATTACK DOG on our side in this circus. RP is far too cordial when he's in the same room with these idiots.
you cannot attack Govt through the rigged 'democratic process'
there's only one way to stop Govt, stop feeding the sucker/s
Stop Paying Your Taxes
How?
Go Galt. ... or just dont pay them and maybe one of us zerohedgers will get to be SEC-TRES like Timmah.
Been asking ever since this method keeps getting suggested: HOW does one stop paying taxes? Still no answer.
Don't get me wrong, I am fully onboard with the idea. Just now certain how it can be done without ending up in prison.
You go first. I am behind you.
Unfortunately, if he were any less cordial, he'd be dead now.
Ron Paul is an anagram for "Our Plan"
Weird huh?
Nemo
He has been doing it for so long that it might start moving the other way.
http://www.youtube.com/watch?v=Sok0oU8R-uU
YES Jeff Herbener is of the Austrian School.
And Peter Klein
Fuck you, Galbraith!
Gailbraith and Rivlin should both have fun!
Talk, and nothing else.
There was a time when I believed something could be done, what an idiot I was.
It took the founders about four years.
How else can you educate and agitate? Do nothing? Watching prime time TV seems to be a good way of protesting the sytem...
I remind my parents that not many things that are actually happening in the world are being broadcast on American news.
Wonder why that is?
Something can be done, just not by any organized criminal group (even if Dr. Paul can leverage their facade against them). Mob rule, regardless of intent, can never evolve beyond non-thinking action.
Change, social harmony, and all other aspects of life blossom only from the individual, the only entity with the capacity to think, feel and act.
By time the Big Reset happens, most of the congress, economists, and all other cocksucking fed apologists will have gone into hiding or fled the country.
Then there's Long Island, last refuge in NE CONUS. I wonder how long they can hold off a siege?
Tell them to stop playing with the Russell 2000 index like it's their own personal toy.
Reform the Fed?
lol
Wake me when one of them is testifying with a rifle slung over his shoulder.
wake me up when they're testifying in leg irons and body armor
Galbraith is an asshole like the rest of who tout the "full employment" mandate. Bang up job they've done if you look at U-6. And Rivlin with her "inflation controlled" mantra is another shill. ALL these fukkers need to be taken to the woodshed. Sorry.
"reform" and "fed", isn't that an oxymoron?
Ron Paul is talking and gold is going back up...hmmmmmmm
that, my friend, is one massive jew nose
I always get some extra part time work at the Winter Olympics.....moveable temporary ski jump
Looks like yours is so big, you had to put a bag over your head!
4-Week Treasury Bill Auction ResultsIssue Date: 05/10/2012 - Maturity Date: 06/07/2012
Price: $99.994167
High Rate: 0.075%
Investment Rate*: 0.076%
Allotted at High: 60.58%
Total Tendered: $155,169,689,100
Total Accepted: $ 33,782,069,500
Why, you'll take those 7.5 basis points and be happy that it isn't any lower!
Meanwhile in 11/2005
"Today, the new rate for the 4-week T-Bill is 3.788%"
http://www.mymoneyblog.com/buying_a_4week_1.html
Can a brother get a ZIRP?
Mixin' tha muthafuckin' Kool-Aid, old skool!
How is it Kool-Aid? I am a little confused about the inconsistencies I find when researching this subject. The so-called Federal Reserve Act was known by another name when the bill was signed according to the newspapers of that day. I have a series 1914 note redeemable in gold that specifically refers to "The Federal Reserve Act and the date it was passed" on the front and Federal Reserve Bank on the back.
I have copies of historical writings which I believe are genuine and follow sound logic warning against the establishment of a Central Bank - for instance;
http://avalon.law.yale.edu/18th_century/bank-tj.asp
I have my own experience; when I was younger and honest silver values were still circulating in society - there was much more liberty and much more prosperity. Those values have been encumbered and drawn out of society. They are now sitting idle in sock drawers and bank vaults. The 1965 Coinage Act?
http://www.presidency.ucsb.edu/ws/?pid=27108
I have the historical observation that paper money is almost always used to finance war - because it is difficult to do so when the money power is in the hands of the people.
This video is excellent on that subject.
http://www.youtube.com/watch?v=kerNZPC2fhM
What do we have all this history for if no one reads it and uses it to learn from?
So tell me then, how is it Kool-Aid. I am taking that as a Jim Jones reference - a false belief; that kills. Please elaborate.
This part.
"And so, if we can hold to the substance of the thing and give the other fellow the shadow, why not do it, if thereby we may save our bill?"
Kool-Aid/Smoke and Mirrors/Dog and Pony Show/etc... It's all about maintainence of the facade at the expense of the truth. Might kill ya if you're in Jonestown, or it might feed ya, if you're in DC.
Nothing new under the Sun
Credit Bubbles; See page 56....
http://archive.org/details/coinsfinancialsc00harvrich
Ron Paul sucks.
That's some serious trollin' there, buddy.
Been at this long?
As Paul speaks the Fraud-Fed is buying equities with your tax dollars!
FUCKING INSANITY!
Can't hear it...
Who are these fools? How can she expect the fed to reduce it's balance sheet quickly without crushing the market? What a retard. Of course she is pointing to Europe to distract from our issues.
There is no balance sheet.
Dr. Herbener: + 100
Dr. Klein: +100
Brutus (Bluto) & Friends: - 999
I gotta give a shoutout to Prof Klein and getting "who would control the Angry Birds supply?" into the Congressional Record.
Try this one http://www.dailypaul.com/222959/phil-donahuemay-be-the-key
If the FED is destroying our nation's economy deliberately, we should see one of the following two responses to Ron Paul's action to elimlinate the FED: 1) a complete, all out, rejection by the FED, similar to extracting a parasite from an open wound, a fight to the death, or, the one I think is more likely, 2) a recognition by the owners of the FED that response # 1 would not be successful or is not desirable, for a number of reasons, followed by a retreat on the part of the FED, acceptance of the decision to eliminate it (perhaps after a mild fight), with the intention of resuming the idea of a central bank at a later time, when opposition has calmed down. If the FED is not destroying our nation deliberately, then oppopsing arguments are likely to be brought forward in a civilized manner and the decision to eliminate it is likely to be respected. This possibility is not inconsistent with the possibility # 2, above. The only way to be sure there is not a plan to establish a central bank in the future is to live long enough to see whether there is. This is beyond anyone's realistic goals. However, by teaching our children and one another about the dangers of a central bank, we may be surer that such plans, when they become overt, can be crushed.
Went out today and marked a ballot for Dr. Paul.
Let's take a look at the current map.
http://www.imackgroup.com/mathematics/827440-presidential-primary-delega...
Also,
The Truth Behind the Unemployment Numbers + Stimulus vs Austerity
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