Posted on 11/06/2010 12:44:58 PM PDT by My Favorite Headache
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.
Getty Images Ron Paul (R-Texas)
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.”
Yikes, this could get interesting. Paul’s main constituency is young single males who think they know everything. They are passionate, they are internet savvy and they are vociferous.
While I think it’s a good idea to back up the dollar with something, I don’t understand the implications of it. I think people on here said that it’s a bad idea.
This is the right job for Ron Paul, and he is the right man for it.
And to prove that statement, just imagine how different it would be if he was set to chair a committee on foreign policy instead of monetary policy...
Actually he is right. the anti-Gold propaganda has already started. The money traders are getting antzy for a big payoff after electing Zero.
They will have him disappear before they allow any kind of investigation or allow them to be audited. The FED isn't part of the U.S. government like everybody thinks. It's a group that is run by extremely powerful people that control EVERY bit of monetary policy in the world.
It will never happen. Just sayin.
We could find out the Fed is trading with places like Iran and bailing out more foreign companies than US ones have been bailed out. GET RID OF THE FED!
“Yikes, this could get interesting. Paul’s main constituency is young single males who think they know everything. They are passionate, they are internet savvy and they are vociferous.”
Right on the money(no pun intended)
I like the idea of Paul stirring up trouble.
Ron Paul said the first thing he along with Rand would do is introduce a bill to end the fed which I personally think would be wonderful.
http://www.youtube.com/watch?v=nZWhf8ejBrU
But then who really believes the Elites would ever allow that to happen sigh...
I know, we have one in our Tea Party group. You describe him to a T!
Whoever is in charge of making the popcorn had better make a REALLY big bag, as they’re is going to be a BIG audience watching this one...
As going back to the Gold standard, that's a pipe dream for ignorant people. I don't think their is another gold discovered and undiscovered to cover our asses.
Do ya think Ron Paul could quit taking millions of dollars in earmarks while he is at it???
I do recall that less than friendly(some friendlies too maybe) countries such as Russia were demanding Gold instead of dollars in payment for their imports. The imbalance of trade meant that gold was flying out of fort Knox.
I don't remember whether we ever demanded gold in payment for our exports to them (if we had any).
“Paul is a noted advocate of the gold standard.”
If that happens, I’m definitely going to be stocking can goods and ammunition. The gold standard caused the Great Depression. There is not enough gold in the world to satisfy .1% of the nation’s demand for money.
‘I don’t think their is another gold discovered and undiscovered to cover our asses. ‘
Kinda the point. Gold standard, etc. limits spending.
Now, we have so much debt, we will never pay it off.
In fact, end all foreign aid except to countries that have honest democaracies AND SUPPORT OUR POLICIES. One word of complaint from them, then NO MORE MONEY!
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