Posted on 11/06/2010 6:17:06 PM PDT by Bokababe
"I think they're way too independent. They just shouldn't have this power," Paul, a longtime Fed critic, said in an interview with Reuters. "Up until recently it has been modest but now it's totally out of control."
(Excerpt) Read more at reuters.com ...
Econ Freedom Ping!
Hope we make it long enough to Audit them! Then hold them accountable!
What committee?
just push for an explicit simple inflation targeting policy and we wouldn’t have these problems.
Me, too!
RP has been warning people about the Federal Reserve for years, just as he warned about the crash before it happened. Only since the housing crash have people begun really listening to him — although you’ll still even see people here treat him like he is a nut.
The Chair of the House Committee on Finance and Technology is the perfect place for Ron Paul to shine, because he has a sound grasp of economics. That’s why some even within the GOP will not want him there.
The House Committee on Finance and Technology
Big government and huge debt levels could not exist with out the Federal Reserve. Our problems will not be fixed as long as they are in power.
The entity known as the UNITED STATES cannot ‘audit’ the Federal Reserve.
The Federal Reserve is a privately owned consortium of bankers, who are not even US citizens.
The Federal Reserve holds bankruptcy receivership of the United States.
THEY OWN US, not the other way around.
Someone needs to dress down Helicopter Ben for debauching our currency.
As long as Ron Paul’s attacks against the Fed doesn’t do to the economy what Andrew Jackson’s ending the National Bank did to the US in the 1830s (cause a depression), we should be okay.
We can repeal the 1913 Federal Reserve act
As long as he acts the way he does on foreign policy he is never going to be embraced here. He IS a nut and that is putting it kindly on that matter.
This specific issue just happens to be the one issue he’s suited for. I’d like to see him get the job. It’d be fascinating to watch.
The US is bankrupt. It cannot repay its debts. When that becomes clear, and the public moves from denial to anger, they will seek any justification or excuse to disavow the debt. Such will not be hard to find:
Most Federal spending since the 1930s has been Unconstitutional. Progressive (non-uniform) tax rates are Unconstitutional. Fiat money is Unconstitutional—the Constitution forbids anything other than gold and silver coins being used as “Tender in Payment of Debt.”
So the US could simply revert to the Gold standard, issue a new gold-backed currency, repay its bond holders using the old currency (which the government disavowed as redeemable for gold or anything else back in 1972,) and inform any who object to that it’s their own fault for lending money to an illegitimate government borrowing and spending in violation of its own Constitution, using a currency prohibited as being used as legal tender by that same Constitution.
It won’t be long before this end-game becomes obvious to everyone. It’s the only way out. When that happens, the bond market will stop lending any funds whatsoever to the US government, and progressive socialism will die.
We have 20 percent unemployment today. 40 million Americans are on food stamps. By those measures we are in a depression now.
True. I remember also, when we went into Afghanistan, Bush demanded that the Taliban turn over Bin Laden, to which the locals said, "that silly. The Taliban doesnt order Bin Laden to do anything. Its the other way around!"
He needs to stay with Economics and leave foreign policy alone.
Ron paul is a sage on this iSsue.
No STATE may make any thing other than gold and silver coin legal tender.
The Congress may emit bills of credit, and, in 1913, they delegated that power to the Federal Reserve.
That delegation is of course unconstitutional, but the power itself DOES exist.
“The entity known as the UNITED STATES cannot ‘audit’ the Federal Reserve. The Federal Reserve is a privately owned consortium of bankers, who are not even US citizens. The Federal Reserve holds bankruptcy receivership of the United States. THEY OWN US, not the other way around.”
Somewhat true, But we are headed for a major breakdown and a push for a global currency. So i’ts time to cut the fed and congress to adhere to the Constitution and start a new currency (US) per the Constitution. Article 1 section 8:
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;”
Yes, we have a major finical breakdown coming so what better time to reset to the right thing?
Who has the guns?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.