http://www.examiner.com/finance-exam...y-subcommittee
Does this mean it really wasn't such a bad thing that the GOP gained control of the House?For years, the Federal Reserve had a good friend in their pockets when Congressmen Barney Frank was chairman of the Monetary Policy subcommittee. That is about to change, and taking Barney's place is the one man who would see the Federal Reserve dissolved.
That man is Congressman Ron Paul.
No matter how much he wants to make certain changes, such a position will open his eyes to new realities. I wouldn't worry about it. Just like Obama and his military stance. Look how all those 4 star generals taught him a few things about reality. I'll bet they were real intimidating to him, arguing with real men with real combat experience.
Last edited by Wild Cobra; 11-04-2010 at 10:22 PM. Reason: changed would to wouldn't
I hope this is true.
He has been on that subcommittee forever, and he has been known to school other Congressmen and Women on the Fed for his entire career.
I think you might want to reconsider your assertion that Paul will have his eyes opened
Ron Paul Is About to Totally Revolutionize the House Monetary Policy Panel
Odds are you haven’t heard of the monetary policy subcommittee. Officially known as the House Subcommittee for Domestic Monetary Policy and Technology, it’s a subdivision of the House Financial Services Committee that has mostly occupied itself with pressing questions of issuing commemorative coins and whether or not to eliminate the penny.
That’s about to change. Ron Paul, the Republican Congressman from Texas, is the ranking member of the monetary policy subcommittee, and when the next Congress takes over he’ll likely be the chairman of the subcommittee.
And Congressman Paul has some big plans.
“I will approach that committee like no one has ever approached it because we’re living in times like no one has ever seen,” Paul said in an interview with NetNet Thursday.
Paul said his first priority will be to open up the books of the Federal Reserve to the American people.
“We need to create transparency there. To see what it is they are buying and lending, and who it is they are dealing with,” Paul said.
Paul mentioned that he hoped to use subcommittee hearings to educate the public about the causes of business cycles—which he believes are mainly attributable to monetary manipulation by central bankers.
Monetary reform is also on the agenda. Paul is a noted advocate of the gold standard.
“We will have to have monetary reform,” Paul said. “I think those on the other side of this issue are already planning. They are going to try to replace a bad system with an equally bad system.”
http://www.cnbc.com//id/40013227
This is worth the watch. If its too long, skip to the 13 minute mark.
Ron claims they may have to contend with an Obama veto to get an audit. If Obama vetoes, he will show his colors as a made man.
I'd argue they should bring him up on charges of treason if he vetoes.
It will be a fine line to toe, because he will in effect be revealing the fraudulent system entirely. We will see what happens
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