It's Official: Ron Paul Is Head Of Monetary Policy Subcommittee

Zero Hedge / Fox News ^ | December 9, 2010 | Tyler Durden

[Zakeet]

Despite rumors that various splinter forces within the Republican party are attempting to block Ron Paul's fateful chairmanship of the Monetary Policy Subcommittee, we now have confirmation that the only sane politician left will now be Ben Bernanke's direct nemesis during any and all future Congressional spectacles starring the printing unchallenged one. And with US debt creeping ever closer to the debt ceiling, coupled with the dollar for dollar monetization of the US deficit, such spectacles will soon be plenty.

[The Cajun]

A loose cannon in the vicinity of Helicopter Ben, what’s not to like.

[screaminsunshine]

Clamp!

[Islander7]

A loose cannon in the vicinity of Helicopter Ben, what’s not to like.

Let's hope he doesn't over reach. I'd hate to see a "McCarthy" senario develop before we get to see the books.

[screaminsunshine]

McCarthy was 100% Correct. It should be obvious to you.

[The Cajun]

Didn’t think about that and unfortunately it could happen. More unfortunately, that may be the plan.

[The Cajun]

McCarthy was 100% Correct.

I agree totally, but look how it was and still is portrayed to the gullible.
It could happen again, the MSM being what it is.

[Tolerance Sucks Rocks]

I guess he'll be Dr. Demento's replacement.

[ninonitti]

We need to know if we should have any confidence in the Fed Reserve to act wholely in the interest of the people of the USA and not in the least bit for the interests of international bankers.

Does Santa Claus still come down your chumney?

[ScottinVA]

Now this is a role that will play to Paul`s strengths. Looks to me like spending bills are going to require some rather staunch, Constitutionally based defending. Congresscritters .. you`d better do your homework!!

[ScottinVA]

Sorry... had a brain fart. Fed policy...got it. Still a great role for him.

[Islander7]

McCarthy was 100% Correct. It should be obvious to you.

It is obvious to me. If should be obvious to you that he was drunk who got way out on a limb that was sawed off. He over reached. The left undid what he had done as a result.

I would hope RP does not fall into that trap.

[Islander7]

Well, RP has been hitting hard on the FED for years. I suspect he already knows where lots of bodies are buired. I hope he can keep his head about him and open that can of worms.

[MasterGunner01]

I remember watching Fed Chairman Allen Greenspan testify before Congress and I always kept thinking to myself “what a bunch of non-sense” — all the economic mumbo-jumbo talk — while the committee members sat there looking like so many bobble head dolls.

Now we have Ben Bernanke who is even LESS convincing than Greenspan. I really, truly hope Ron Paul is successful in auditing the Federal Reserve. This group of thieves has flown below everyone’s radar for far, far too long. Americans need to know what these slimy bureaucrats have been doing with OUR money.

[screaminsunshine]

Me too. The MSM is preparing to go in to full maniac Liberal class warfare mode.

[palmer]

full maniac Liberal class warfare mode

Most of the effect of Fed policy is to undermine the middle class, create super wealthy bankers and a deindustrialized service economy. There is no permanent value for money, just fleeting bubbles in yen, dollars and sometimes euros. The money sloshes around the world in carry trades.

All this plays to the class warfare crowd perfectly. As jobs, savings and the middle class are destroyed, the 50+ percent on the bottom will sharpen their knives, then egged on by the media they will kill small business owners and other "wealthy" who have made solid commitments to their country and community and therefore have income to be taxed. Meanwhile the super-rich banking oligarchy will skate (their money is already overseas and income comes from foreign sources).

[John D]

Hey now, I don't remember him cutting and running from Alaska.

No, he is too busy blaming America for all the problems in the world and running from and apologizing to terrorists. He is always looking for a mound of sand to stick his head into.

[SunkenCiv]

various splinter forces within the Republican party are attempting to block Ron Paul's fateful chairmanship of the Monetary Policy Subcommittee, we now have confirmation that the only sane politician left will now be Ben Bernanke's direct nemesis during any and all future Congressional spectacles

splinter forces, meaning everyone else in the Republican caucus. Thanks Zakeet.

[wastedyears]

I’d rather once a week. Once a month is enough time to come up with a new lie every time.

[wastedyears]

That was during the Red Scare. Now, they’re completely entrenched at the highest levels of government, not just overloaded in Hollywood.

Even if Paul’s plan ultimately is McCarthyism, he should wait as long as possible because the Democrats are going to stonewall him every chance they get.

[AuH2ORepublican]

I was going to say, “sane” would be far down in the list of adjectives I would use to describe Ron Paul, right after “obese” and right before “bioluminescent.”