Skip to main content
  1. News
  2. Business & Finance
  3. Stock Market

The Fed's worst nightmare... Ron Paul to chair Monetary Policy Subcommittee

See also

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.

Dr. Paul has been leading the charge to abolish the Fed for a number of years, and has been hampered by Congressman Frank into getting real and truthful information on Fed policies, and in particular, where the TARP money actually went.

In several inquiries, Fed officials have used subterfuge to keep from providing the information on who received TARP monies, how much was actually spent, and what benefits the monies created.

Ron Paul has been instrumental in pushing to abolish the Fed, through both education and attempted legislation.

Merry Christmas Ben Bernanke, your worst nightmare has arrived with power.

Comments

  • Antony 3 years ago

    If this is true, this is the best news of the year!

  • Nepalese from Katmandu, Nepal 3 years ago

    Antony, it is true.
    Ron Paul is the new Andrew Jackson.
    God Bless ! The time has come to END the FED !

  • overgrow 3 years ago

    america freedom to fascism

  • Jason 3 years ago

    END THE FED! END THE FED! END THE FED!

  • Cindytg 3 years ago

    Hallelujah!!!!

  • SavvyLiberty 3 years ago

    Finally, Ron getting a position he clearly deserves. END THE FED! END THE FED! END THE FED!

  • N.D.Fed 3 years ago

    We'll see how long Dr. Paul survives, politically or literally. The 'creature' does not like to be prodded with a stick.

  • Frank B in SLT CA 3 years ago

    The long arm(Y) of the Federal Reserve Banks wanted John Kennedy dead for threating (proposing) to print Treasury notes for the 5, 10, & 20 dollar bills.
    This would have bypassed the Fed which has a financial stake in the current system. I would not be suprised to find out that Dr Paul overdosed on some drug or gets hit with the CIAs instant cancer drug, remeber William Casey who caught sudden cancer when threatened with testifying under oath?

  • Kristin T. 3 years ago

    We need to go back on the gold standard. Get back to the way it should be until Nixon screwed it up!!

  • Rick S. 3 years ago

    Kristin, it was screwed up long before Nixon did his thing. The nation was taken off the gold standard in the Civil War, and importantly in 1933, when we officially abandoned it, rather than just suspending it. All Nixon actually did was end the direct convertibility of currency to gold. We had been off the gold standard for probably 30 years by the time he had his moment of moronacy. I'm not saying you are wrong on his actions, but on what he actually did.

    Getting off the gold standard in 1933 allowed the government to print unbacked dollars and created future debt (think of the trilliions we owe now) that could not be created under the gold standard. Just a thought....enjoy.

  • Holy Smokes 3 years ago

    Ron Paul is a blundering fool whose fiscal ideas are rooted in the dark ages. He is going to either ruin his career, or send the entire United States into absolute chaos. Whatever happens, though, it's going to be pretty fun to watch.

  • Anon 3 years ago

    LOL WUT

    Seriously, though. Would you like to back up your drive-by with some actual explanation?

  • LOL 3 years ago

    Ron Paul knows what he's doing.....

  • dan 3 years ago

    just because we revert back to the gold standard doesn't mean our society is going to turn into pre 1913 standards. Gold standard is completely compatible with a modern society. As long as the currency is at least backed by gold it would diminish inflation. People of your ilk see deflation as automatic depression but that is flat out wrong. Prices falling doesnt always mean low demand. It also can be brought on by increased efficiency making more supply. People like you love big government and the fed because you are cowards and afraid to compete.

  • Adam Smith 3 years ago

    Since clearly the past 2 years have shown the keynesians to be correct, clearly. No doubt. Infallible sums it up nicely... How about you take a field trip to Paris and Athens and see how prosperously they're getting on, but watch out for the mobs of stone throwing teachers and bureaucrats.

  • Philip J. 3 years ago

    Holy Smokes does not have a clue.
    Take a few years and study.
    Ron Paul has spoken accurate truths for 40 years.
    Pretty fun to watch? While we drown without Paul?
    The United States is already in absolute chaos.

  • What!? 3 years ago

    It's obvious you are either a government shill or just clueless as to how this country actually runs...

  • Mises 3 years ago

    You are economically ignorant in the extreme. Get off the government Kool-Aid and open your eyes you dumb-ass. Keynesian economics has resulted in the current US dollar being worth 4% of what it was prior to the creation of the FED.

  • Ticked Off 3 years ago

    "Holy Smokes" must like the current economic collapse we're in since he's opposed to policies that would have avoided the recent bust; namely honest money and markets free of monetary manipulation by the Fed. Hey moron, a.k.a. "Holy Smokes", how is it you attack Ron Paul's ideas when they're not the policies that have put us in this mess? Why don't you attack the idiots who brought us here rather than the guy criticizing those idiots?... Oh, maybe because YOU are an IDIOT too! GD moron!

  • Profile picture of Sue Langley
    Sue Langley 3 years ago

    Shake things up!!

  • Anon 3 years ago

    Nixon didn't "take us off of the gold standard". He closed what was called "the gold exchange window" -- the ability for foreign central banks to exchange their dollars, which were presumably backed by gold, for the gold itself.

    The reason he did this was because, surprise! There wasn't enough gold to give out to all the central banks asking for it.

  • Tyler 3 years ago

    WOW! Is this really true? I had hoped for this, but I never believed it would happen. I need to pinch myself.

  • arnonerik 3 years ago

    We should all pitch in and provide Mr. Paul with bodyguards. Now that he can really hurt them they might hurt him first. I don't put anything past the Central Banker crowd because there is too much money and power at stake.

  • Rey 3 years ago

    Meh. In 2 years, I guarantee it's no different. Paulitician talks a good game, but still won't do anything to upset his corporate paymasters, especially now that they own his son, too.

  • Mises 3 years ago

    If nothing's different it'll be because of the system. You obviously know NOTHING of Dr. Paul and his son if you think they have "corporate paymasters". Tool.

  • george 3 years ago

    mises and hayek survived on generous contributions from the rockefeller foundation and william volker fund

  • Bilderberg 3 years ago

    you might want to google things like peter thiel and ron paul pnac and a world gold standard.

  • Gerry Ward 3 years ago

    The Charter that created the Fed should be dissolved at best, or at least rewritten to provide transparency over the broad scope of its' operations and semi-annual audits to provide the American People (The Taxpayers) information on what this private bank is doing, why it is doing it, how it is doing it and the benefits or loses derived from it's decisions.

  • Terry 3 years ago

    This must be April Fools Day. Too good to be true. America might have a chance if Ron Paul is named Chair. Our personal favorite would be Speaker. Join the drumbeat! http://www.facebook.com/#!/pages/Ron-Paul-for-Speaker-of-the-House/12955...

  • Thomas Jefferson 3 years ago

    If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

  • Mike 3 years ago

    Improperly attributed to Jefferson.

  • Jon M 3 years ago

    END THE FED!! END THE FED!!!

  • Anonymouse 3 years ago

    He is in-line to become chairman of the sub-committee that oversees the World Bank, Mint, and Bureau of Engravings; not the sub-committee that oversees the Fed. He will try and use what oversight powers he has to audit the Fed, but is not in charge of Fed oversight. He is not replacing Barney Frank who was chairmen of the entire Financial Services Committee. That position will go to Max Bacchus, who will be as interested in auditing the Fed as Barney Frank.

  • Steven Law 3 years ago

    Well well, finally! If Dr. Paul will get anywhere will remain the question, given the amount of treasonous members of this government. Seems even the State governments have forgotten their responsibilities in remaining educated in the doctrines of money; i.e., what money is and what money is not and what the duties and responsibilities thereof are required for this government to follow, which are plainly enumerated by the original Constitution FOR the united States, the rules for this united states and their respective governments, coupled with the rights of the citizens of the several states (countries), the Bill of Rights. Notice the lower case "united" ? What that exemplifies is that the united States are not a country in of themselves, the States alone are and one should explore that reality by going to pacinlaw.org: http://www.pacinlaw.org/home/ to find out more. Do it now before you lose total right to everything all the way down to your right of religious beliefs!
    Of course there are many of the Marxist doctrine who claim to be lawyers and are nothing but desultory constitutional deniers and destroyers. And most Americans seem to have bought into the ideology of "a little socialism is all we ask".
    Hayek was right ! Read: "The Road To serfdom". He described all this in the chapter: "Why The Worst Get On Top"!

  • Jack 3 years ago

    Maybe the Good guy will finally win one!

  • Profile picture of GrayRider
    GrayRider 3 years ago

    THE FEDERAL RESERVE IS A CRIMINAL ENTERPRISE: IT'S TIME TO INVESTIGATE AND PROSECUTE THEM

    The Federal Reserve recently announced that it would be repeating their previous con-game trick called "Quantitative Easing" that they say is designed to save the American economy. "Quantitive Easing" is a process by which the Federal Reserve and the U.S. Treasury conspire to print a massive amount of new "fiat money" backed by absolutely nothing in order for the Federal Reserve to buy American government debt. In other words, they are using phoney money to buy back their own debt. Don't you wish you could pay off your debts, just by printing your own dollars backed up by absolutely nothing? Please tell me how this move by the Federal Reserve helps the American people?

    You see, when the Federal Reserve and the U.S. Treasury enter into a criminal conspiracy to print more fiat money, it puts more American dollars into circulation, which in turn lowers the value of the American dollar, which in turn causes you to pay more dollars to buy the same things you bought at a lower price a month or two before. Our money is worth less; it causes inflation and our cost of living goes up. Please tell me how this move by the Federal Reserve helps the American people?

    You say you don't believe me. Well, take a look at the Commodity Research Bureau (CRB) Index. The CRB index tracks the prices of a basket of goods. The Index just hit a new 52-week high at the end of October 2010. Here are some examples that you probably have noticed in the supermarket and retail stores recently. It tells you how much prices have gone up in the last 12 months:

    COTTON - price up 85 percent; SILVER - price up 51 percent; COFFEE - price up 50 percent; CORN - price up 41 percent; GOLD - price up 30 percent; SOYBEANS - price up 28 percent; SUGAR - price up 27 percent; COPPER - price up 26 percent; and WHEAT - price up 25 percent.

    The new round of "Quantitative Easing" by the Federal Reserve, might include the printing of as much as $2 trillion or more of worthless fiat dollars and placing these new dollars into the economy. This will cause prices of commodities go higher once again and “tax” you via inflation even more. Please tell me how this move by the Federal Reserve helps the American people?

    Let's say I and a couple of my associates decided that through some sort of criminal trickery, we could cheat our fellow Americans out of their money, or at least make their money less valuable, while we made $Millions or even $Billions of dollars.. We would be considered an organized criminal enterprise and would eventually be prosecuted for operating an organized "Scheme to Defraud" by the federal government.

    Why then do the American people and their elected representatives stand by and allow a private group of Banksters called the Federal Reserve, who conspire with government officials and other fellow travelers, to cheat the American people out of $Trillions of dollars of their hard earned money, or at least make it less valuable, without being charged with a crime?

    To top it off, the privately owned Federal Reserve has been manipulating our economy for 97 years and we still don't even know who the private shareholders of the organization are. This group of Elites are a very secret group of anonymous individuals and organizations who are very well insulated from public scrutiny, just like other high level criminal enterprise leaders. Yet, the American people remain at their mercy as these criminals attain super wealth status because they are permitted to manipulate and control our entire economy from behind a curtain secrecy, bribery and corruption.

    Why has the Federal Reserve not been thoroughly audited since it was created in 1913?

    Why has the Federal Reserve resisted every attempt to be audited? and

    Why do our elected representatives seem reluctant to audit the Fed?

    The answer is simple. The Federal Reserve is a criminal enterprise and a complete audit would clearly show that it has been involved in illegal activity for a very long time, with the cooperation of many of our elected and appointed federal officials and a small group of Wall Street firms and private financial institutions. How then can the American people continue to allow this secret, private organization, whose shareholders remain unknown, to run our economy?

    It is definitely time for a full fledged congressional investigation and a separate criminal investigation of these globalist crooks. These Banksters at the Federal Reserve, along with their federal government co-conspirators, have stolen $Billions if not $Trillions of dollars from the American taxpayers by means of fraud, counterfeiting and participation in an ongoing criminal enterprise with other private financial entities.

    The process of printing worthless, phoney money is called counterfeiting and it is still a crime. Not only should the Federal Reserve be audited as soon as possible, but the limited number of Bankster shareholders of the private Federal Reserve should be identified, investigated and prosecuted under the The Racketeer Influenced and Corrupt Organizations Act (commonly referred to as RICO Act or RICO).

    RICO is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization. While the law's original intended use was to prosecute the Mafia as well as others who are actively engaged in traditional organized criminal enterprises, its application clearly can be used against the Federal Reserve Banksters, along with their federal government and private financial institution co-conspirators.

    Any reasonable person can clearly see that there are many individuals associated with the Federal Reserve, including its shareholders and emloyees, along with elected and appointed federal government officials, who have been involved in a long term criminal conspiracy through their coordinated manipulation of our entire economic system. These white-collar criminals have illegally destroyed the value of the dollar and weakened the country financially, while at the same time, making $Billions of dollars in illegal profits for themselves and their co-conspirators, all at the expense of the American people.

    It's time to stop them! It's time to investigate and prosecute them as the criminals they are!

    For Liberty,

    John Wallace
    www.TeaPartyRep.com

  • April 3 years ago

    I am so glad that Dr. Paul is going to be chairing the Monetary Policy subcommittee. He's been complaining for years to the and what they done? Not much....

  • lonnie 3 years ago

    ron paul needs the people, and the law behind him so he can do his job. supeona the crooks that are in charge of the federal reserve!

Advertisement