Economist With Financial Services Committee For Eleven Years, Assisting With Oversight Of The Fed, Supports Ron Paul's QuestionsSubmitted by George Washington on 02/24/2010 15:55 -0400
Ron Paul's questions today sounded nutty ... but seem to be backed by an economist with the U.S. House of Representatives Financial Services Committee for eleven years, assisting with oversight of the Federal Reserve, and subsequently Professor of Public Affairs at the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin
In this oldie but a goodie, Ron Paul hammers home the point of why the Federal Reserve needs to finally be accountable and transparent, despite the desires of Barney Frank, Wall Street, Ben Bernanke and all the current failed system's apparatchicks who will stop at nothing to perpetuate the broken status quo. For regular readers none of this should be news. For everyone else, this 1 hour program is a must watch. Clip courtesy of Fora TV and the Cato Institute.
With the media finally waking up to the risk of recurring "systemic threats", aka Goldman not paying $20 billion in bonuses, courtesy of finding out just how much shit is really held by the Fed's discount window, everyone is suddenly interested in hearing it direct from the man at Ground Zero - Ron Paul... Even Steve Liesman, who no matter how hard he tries to spin "Audit the Fed" into "Control the Fed" will fail miserably every time he is not stuck in a patented blathering, factless monologue mode.
"We should look into the matter of whether we should have fractional reserve banking. Yes you have the Fed creating money out of thin air, but then this is magnified by fractional reserve banking which is really fraudulent, all it does is build financial bubbles guaranteeing the business cycle and the collapses and as long as you patch it together, the biggest the bubble." - Ron Paul
Ron Paul Discusses The Gutting Of The "Audit The Fed" Bill, Provides Observations On Collateral And Systemic DangersSubmitted by Tyler Durden on 11/05/2009 22:45 -0400
"The system depends on the control of money. This is not new-this is historic. The kings in the old days always had control of the money. They did it in different ways: they clipped coins, diluted the metal, printed money. Now it is more sophisticated"[but not much] - Ron Paul
Dear Chairman Dodd and members of the Banking Committee,
We are writing to ask you to postpone the confirmation of Ben Bernanke until the Federal Reserve releases documentation that will allow the public and the Senate to have a full understanding of the commitments that the Federal Reserve has made on our behalf. Without such an understanding, it is impossible to know whether Chairman Bernanke is fit to serve another term and fulfill the Federal Reserve’s dual mandate to ensure price stability and full employment. A list of said documentation is enumerated below.
- Alan Grayson and Ron Paul
Ron Paul: "Goldman Sachs Has A Lot Of Influence In Our Treasury And A Lot Of Influence In Our Federal Reserve"Submitted by Tyler Durden on 09/15/2009 11:13 -0400
"[The Fed] is bigger than the Congress, [it] has more power than the Congress. The Fed Chairman probably is more powerful than our president, and yet we refuse to look at it. The time has come for us to look at the Fed" - Ron Paul
A one hour program in which Ron Paul provides the basics of the Federal Reserve and why it is high time transparency was introduced to this most critical of institutions. Must watch.
Dylan Ratigan With Ron Paul "The Banking Infrastructure Is Trying To Protect The Secrecy Of The Federal Reserve"Submitted by Tyler Durden on 07/22/2009 12:24 -0400
Tommy Mottola must be considering signing a record deal with the lately omnipresent Ron Paul.
Incidentally, from Ben Bernanke's ongoing presentation to the House committee, when asked "How does providing factual info on Fed discussions compromise the Fed", Bernanke had this highly illogical reponse:
1. It would inhibit discussion.
2. It would inhibit the provision of information.
3. It would implicity provide the sense that Congress was second-guessing or trying to overrule the FOMC's decisions.
Did Wall Street chip in for the prompter on this response? The absurdity of Bernanke's answer would likely provide Lewis Black with hours of stand up entertainment fodder.