Ron Paul to Chair Monetary Policy Subcommittee

[Paulie]

Electing a counter-balance to the Democrats in Washington will bring the cost of gold down. However if Bernake insists on buying up debt and inflating the dollar gold will continue to be a good investment.

Gold does not care about who's in power in congress.

Under Bush and the republican congress, gold gained 300%.

The only had a GOP full control Congress for two years. The rest of the time Democrats had the Senate....but even when Congress was controlled by the GOP the Dems still had a say. Remember the shared leadership Trent Lott allowed from 2004-06? In the interest of fostering bi-partisanship the GOP saw fit to allow Democrats to convene hearings and help make policies. Many bills were co-authored by Democrats.

Dude, look at the 10 year chart for gold.

Do you see it dip at all with GOP control?

You would still expect that with a GOP president who can veto liberal legislative attempts, that there would be some balance.

But there wasn't.

The GOP didn't accomplish one single thing that's been in their campaign promise handbook. The government was not shrunk, SS was not repealed or even ATTEMPTED to be, entitlements as a whole were expanded, 2 nation building wars were started that cost trillions.

I'm not a liberal, bro, but I recognize the obvious when I see it, and it's obvious that the GOP had no plans on being conservative.

That's why gold continued higher.

 

[Kevin_Kennedy]

Sometimes all you need is the headline. Ron Paul is slated to run this subcommittee, giving him some actual power and a megaphone on the issue dearest to his heart.

Weigel : Ron Paul to Chair Monetary Policy Subcommittee

Excellent.

Try to imagine the hacks in DC trying to do the job they abrogated 100 years ago when the Fed was created.

That wouldn't be any better. The market needs to set interest rates, not Congress or the Fed.

 

[MaggieMae]

It will be great to watch Paul Supporters turn on him.

Indeed. Notice he barely mentioned monetary policy while campaigning, and that's because any MAJOR shift could send the fragile economy back into a tailspin.

 

[MaggieMae]

I am having a hard time believing they will allow Ron Paul to Chair Monetary Policy Subcommittee. I just can't get my head around it. Congress killed the hell out of his audit the Fed bill. The Fed stonewalled GATA.

They must have perfected mind control technology. They will control Ron with it to give the Fed credibility.

Ironically, an audit of the fed was passed by the Senate last spring. It wasn't a sweeping change in monetary policy, but will force the fed to reveal which banks are still manipulating assets at government expense. AND, surprise surprise, that initiative was led by Bernie Sanders, the lone "Socialist" in the Senate.

Release: Senate Approves Fed Audit Sanders Amendment to End Fed Secrecy Passes - Newsroom: U.S. Senator Bernie Sanders (Vermont)

“Let's be clear,” Sanders said. “When trillions of dollars of taxpayer money are being lent out to the largest financial institutions in this country, the American people have a right to know who received that money and what they did with it. We also need to know what possible conflicts of interest exist involving the heads of large financial institutions who sat in the room helping to make those decisions.”

The amendment, approved by a vote of 96 to 0, was a combined effort by conservative and progressive senators and a wide spectrum of grass roots organizations.

 

[Kevin_Kennedy]

I am having a hard time believing they will allow Ron Paul to Chair Monetary Policy Subcommittee. I just can't get my head around it. Congress killed the hell out of his audit the Fed bill. The Fed stonewalled GATA.

They must have perfected mind control technology. They will control Ron with it to give the Fed credibility.

Ironically, an audit of the fed was passed by the Senate last spring. It wasn't a sweeping change in monetary policy, but will force the fed to reveal which banks are still manipulating assets at government expense. AND, surprise surprise, that initiative was led by Bernie Sanders, the lone "Socialist" in the Senate.

Release: Senate Approves Fed Audit Sanders Amendment to End Fed Secrecy Passes - Newsroom: U.S. Senator Bernie Sanders (Vermont)

“Let's be clear,” Sanders said. “When trillions of dollars of taxpayer money are being lent out to the largest financial institutions in this country, the American people have a right to know who received that money and what they did with it. We also need to know what possible conflicts of interest exist involving the heads of large financial institutions who sat in the room helping to make those decisions.”

The amendment, approved by a vote of 96 to 0, was a combined effort by conservative and progressive senators and a wide spectrum of grass roots organizations.

This was a weak audit. Sanders originally supported the full Fed audit that Ron Paul got passed in the House, but capitulated in the end for this watered down audit.

 

[mudwhistle]

Gold does not care about who's in power in congress.

Under Bush and the republican congress, gold gained 300%.

The only had a GOP full control Congress for two years. The rest of the time Democrats had the Senate....but even when Congress was controlled by the GOP the Dems still had a say. Remember the shared leadership Trent Lott allowed from 2004-06? In the interest of fostering bi-partisanship the GOP saw fit to allow Democrats to convene hearings and help make policies. Many bills were co-authored by Democrats.

Dude, look at the 10 year chart for gold.

Do you see it dip at all with GOP control?

You would still expect that with a GOP president who can veto liberal legislative attempts, that there would be some balance.

But there wasn't.

The GOP didn't accomplish one single thing that's been in their campaign promise handbook. The government was not shrunk, SS was not repealed or even ATTEMPTED to be, entitlements as a whole were expanded, 2 nation building wars were started that cost trillions.

I'm not a liberal, bro, but I recognize the obvious when I see it, and it's obvious that the GOP had no plans on being conservative.

That's why gold continued higher.

I didn't trust the last GOP congress ether. Course it's pretty clear that conservatism hasn't been in play since 1999.

 

[blu]

best thing to happen in government in a long time

[ame]http://www.youtube.com/watch?v=dv6rQ0U01Yc[/ame]

 

[MaggieMae]

If the Republicans weren’t dishonest, and entirely in the pocket of the big banks, Ron Paul would be taking Barney Frank’s place as chairman of the finance committee. Not satisfied with blocking him there, they have even kept him out of the chairmanship of the monetary policy subcommittee, as Barney has frequently remarked. The first time the Republicans erased Ron’s seniority; the second time, they imported a congressman from another committee to take the job; the third time, they temporarily abolished the subcommittee. This time, I think they would fear the backlash, so Ron will probably be chairman. If so, I can’t wait for his hearings on the QE2, the gold, the business cycle, and much else.

Chairman Paul? LewRockwell.com Blog

The key problem appears in another link at that site.

Study Agriculture and Mining, Jim Rogers Advises Oxford University Students

"The true purpose of QE2 is to disguise the decreasing ability of the Treasury to finance its debts," Schiff claims.

"By announcing QE2, it [the fed] can monetize government debt without the markets perceiving a funding problem. If the truth were known, a real panic would ensue. So, the Fed pretends buying treasuries is simply part of its master plan to boost the economy, even though, in reality, it is simply acting as the buyer of last resort," he wrote.

So, in other words, let's criticize Bernanke's last-ditch effort but offer no immediate alternatives, and allow the economy to collapse completely? How come that's always the way it is? Let's just bitch and moan and cross our fingers...

 

[MaggieMae]

I hope this is true. DAMN, I hope this is true. I'm loading up on Orville Redenbacher. Ron Paul, having the floor, cutting loose, ripping Bernanke, and scrutinizing at every turn is beyond priceless. Please let this be true. This will make that death warmed over congress channel worth watching sometimes.

The newbies better bone up on monetary policy, that's for sure. When Ron Paul speaks, more than half listening don't understand a word he says. This is deep stuff, folks, not your basic "EGADS, don't tread on me..." ideological stuff.

 

[MaggieMae]

This is bad news.

I'm up to my eyeballs in gold and silver, and I want to get rich!

No, Ron, No! Don't do it! Think of the children!

Don't worry, Ron is up to his eyeballs in gold and silver also. I think he knows if he audits the Fed that there is nothing but worthless assets & Fort Knox is empty & Gold will skyrocket.

Bit now he, unlike most of you goldbugs, will have advance warning when to get out of those positions.

Oh, I know he would never betray you people.

Bet the farm on that.

I'm wondering if the public would even be able to buy gold anymore. After all, if the intent is to back our debt with gold, China alone could simply call in that debt and we wouldn't have much left. (Psst -- that's the main reason Nixon took us OFF the gold standard in the first place.)

 

[Kevin_Kennedy]

If the Republicans weren’t dishonest, and entirely in the pocket of the big banks, Ron Paul would be taking Barney Frank’s place as chairman of the finance committee. Not satisfied with blocking him there, they have even kept him out of the chairmanship of the monetary policy subcommittee, as Barney has frequently remarked. The first time the Republicans erased Ron’s seniority; the second time, they imported a congressman from another committee to take the job; the third time, they temporarily abolished the subcommittee. This time, I think they would fear the backlash, so Ron will probably be chairman. If so, I can’t wait for his hearings on the QE2, the gold, the business cycle, and much else.

Chairman Paul? LewRockwell.com Blog

The key problem appears in another link at that site.

Study Agriculture and Mining, Jim*Rogers Advises Oxford University*Students

"The true purpose of QE2 is to disguise the decreasing ability of the Treasury to finance its debts," Schiff claims.

"By announcing QE2, it [the fed] can monetize government debt without the markets perceiving a funding problem. If the truth were known, a real panic would ensue. So, the Fed pretends buying treasuries is simply part of its master plan to boost the economy, even though, in reality, it is simply acting as the buyer of last resort," he wrote.

So, in other words, let's criticize Bernanke's last-ditch effort but offer no immediate alternatives, and allow the economy to collapse completely? How come that's always the way it is? Let's just bitch and moan and cross our fingers...

If you read more of the article it states what needed to be done. Let the market correct itself.

"The things that have worked in the past... will be you go bankrupt then you re-organize and you start over. You have a painful period for awhile, and then you start over. This has been done in the past 3-4 thousand years, and that's the way you do it," Rogers said recently.

The site also has many other articles discussing what should be done, rather than what Bernanke is doing. So to say that they're offering no solutions is incorrect.

 

[MaggieMae]

Chairman Paul? LewRockwell.com Blog

The key problem appears in another link at that site.

Study Agriculture and Mining, Jim*Rogers Advises Oxford University*Students


So, in other words, let's criticize Bernanke's last-ditch effort but offer no immediate alternatives, and allow the economy to collapse completely? How come that's always the way it is? Let's just bitch and moan and cross our fingers...

If you read more of the article it states what needed to be done. Let the market correct itself.

"The things that have worked in the past... will be you go bankrupt then you re-organize and you start over. You have a painful period for awhile, and then you start over. This has been done in the past 3-4 thousand years, and that's the way you do it," Rogers said recently.

The site also has many other articles discussing what should be done, rather than what Bernanke is doing. So to say that they're offering no solutions is incorrect.

My quetion is there an immediate solution? Because looking back, all it took for a run on banks all over the world to begin OVERNIGHT was the collapse of Bear Stearns and followed by Lehman Brothers. There needs to be something in place that will act as a wedge so that doesn't happen.

 

[Kevin_Kennedy]

The key problem appears in another link at that site.

Study Agriculture and Mining, Jim*Rogers Advises Oxford University*Students


So, in other words, let's criticize Bernanke's last-ditch effort but offer no immediate alternatives, and allow the economy to collapse completely? How come that's always the way it is? Let's just bitch and moan and cross our fingers...

If you read more of the article it states what needed to be done. Let the market correct itself.

"The things that have worked in the past... will be you go bankrupt then you re-organize and you start over. You have a painful period for awhile, and then you start over. This has been done in the past 3-4 thousand years, and that's the way you do it," Rogers said recently.

The site also has many other articles discussing what should be done, rather than what Bernanke is doing. So to say that they're offering no solutions is incorrect.

My quetion is there an immediate solution? Because looking back, all it took for a run on banks all over the world to begin OVERNIGHT was the collapse of Bear Stearns and followed by Lehman Brothers. There needs to be something in place that will act as a wedge so that doesn't happen.

And that's where the debate would begin over what caused the collapse in the first place. You say there needs to be a wedge in place so that this doesn't happen, and I would say that we need to get rid of the Fed so that this doesn't happen.

 

[Mr.Fitnah]

Weigel : Ron Paul to Chair Monetary Policy Subcommittee

Excellent.

Try to imagine the hacks in DC trying to do the job they abrogated 100 years ago when the Fed was created.

That wouldn't be any better. The market needs to set interest rates, not Congress or the Fed.

I don't trust the elected officials to not shit on the floor.

The Constitution

Section 8 - Powers of Congress

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

We have put up with gladhanding shitwitz for so long we are fucked no matter what we do.

Set the value of money it isnt worth anything now, and in a few weeks it will be worth less.

 

[Kevin_Kennedy]

Try to imagine the hacks in DC trying to do the job they abrogated 100 years ago when the Fed was created.

That wouldn't be any better. The market needs to set interest rates, not Congress or the Fed.

I don't trust the elected officials to not shit on the floor.

The Constitution

Section 8 - Powers of Congress

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

We have put up with gladhanding shitwitz for so long we are fucked no matter what we do.

Set the value of money it isnt worth anything now, and in a few weeks it will be worth less.

Neither do I, which is why I wouldn't want them setting rates anymore than I want the Fed doing it.

 

[Paulie]

The only had a GOP full control Congress for two years. The rest of the time Democrats had the Senate....but even when Congress was controlled by the GOP the Dems still had a say. Remember the shared leadership Trent Lott allowed from 2004-06? In the interest of fostering bi-partisanship the GOP saw fit to allow Democrats to convene hearings and help make policies. Many bills were co-authored by Democrats.

Dude, look at the 10 year chart for gold.

Do you see it dip at all with GOP control?

You would still expect that with a GOP president who can veto liberal legislative attempts, that there would be some balance.

But there wasn't.

The GOP didn't accomplish one single thing that's been in their campaign promise handbook. The government was not shrunk, SS was not repealed or even ATTEMPTED to be, entitlements as a whole were expanded, 2 nation building wars were started that cost trillions.

I'm not a liberal, bro, but I recognize the obvious when I see it, and it's obvious that the GOP had no plans on being conservative.

That's why gold continued higher.

I didn't trust the last GOP congress ether. Course it's pretty clear that conservatism hasn't been in play since 1999.

Yeah, amazingly when they have the government to themselves they are anything BUT conservative.

We'll see conservative action now that there's going to be mostly gridlock, and a dem president.

If they get more Senates seats and a GOP president in 2012, how much confidence do you have in them?

 

[Toro]

Electing a counter-balance to the Democrats in Washington will bring the cost of gold down. However if Bernake insists on buying up debt and inflating the dollar gold will continue to be a good investment.

Gold does not care about who's in power in congress.

Under Bush and the republican congress, gold gained 300%.

The only had a GOP full control Congress for two years. The rest of the time Democrats had the Senate....but even when Congress was controlled by the GOP the Dems still had a say. Remember the shared leadership Trent Lott allowed from 2004-06? In the interest of fostering bi-partisanship the GOP saw fit to allow Democrats to convene hearings and help make policies. Many bills were co-authored by Democrats.

The Republicans controlled both chambers of Congress from 2003 through 2006. They told you outright that they were going to devalue the dollar in their 2002 campaign by campaigning on tax cuts and increasing structural deficits. I bought the day after the election. It was one of three investment decisions I have ever made because of politics. It was very profitable.

 

[mudwhistle]

Gold does not care about who's in power in congress.

Under Bush and the republican congress, gold gained 300%.

The only had a GOP full control Congress for two years. The rest of the time Democrats had the Senate....but even when Congress was controlled by the GOP the Dems still had a say. Remember the shared leadership Trent Lott allowed from 2004-06? In the interest of fostering bi-partisanship the GOP saw fit to allow Democrats to convene hearings and help make policies. Many bills were co-authored by Democrats.

The Republicans controlled both chambers of Congress from 2003 through 2006. They told you outright that they were going to devalue the dollar in their 2002 campaign by campaigning on tax cuts and increasing structural deficits. I bought the day after the election. It was one of three investment decisions I have ever made because of politics. It was very profitable.

Since when does a Congressional term last 3 years?

They never said anything about devaluing the dollar. Tax-cuts don't automatically mean inflation. In the last year Obama has decided to print $1.2 trillion dollars and give it to banks to induce them into lending. It's never gonna work because the risk is too great right now. All that's gonna happen is grocery bills are gonna go up and the Fat-cats are gonna shore up their portfolios.

 

[Ozmar]

If Ron Paul is as good at delivering on monetary as he is on delivery babies, we're in good shape.

 

[Mr.Fitnah]

That wouldn't be any better. The market needs to set interest rates, not Congress or the Fed.

I don't trust the elected officials to not shit on the floor.

The Constitution

Section 8 - Powers of Congress

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

We have put up with gladhanding shitwitz for so long we are fucked no matter what we do.

Set the value of money it isnt worth anything now, and in a few weeks it will be worth less.

Neither do I, which is why I wouldn't want them setting rates anymore than I want the Fed doing it.

I dont know the solution man,even though Im posting on the internet ,I dont know everything.