PDA

View Full Version : Ron Paul vows renewed Fed audit push next year.


cruizerfish
11-04-2010, 09:34 PM
Go get 'em Ron! This is an excellent opportunity to identify the newly elected neos and sell-outs that snuck in under the tea party banner.

http://i94.photobucket.com/albums/l107/jimmyjamsslo/paul_dees.jpg

Ron Paul vows renewed Fed audit push next year (http://www.reuters.com/article/idUSTRE6A35QB20101104)

Paul is currently the top Republican on the House of Representatives subcommittee that oversees domestic monetary policy, and is likely to head the panel when Republicans take control of the chamber in January.

Global organizations like the International Monetary Fund also will come under scrutiny, he said.

"Eventually we're going to have monetary reform. I do not believe the dollar can be the reserve standard of the world," said Paul, who has called for returning the United States to a currency backed by gold or silver.

lovelyssm
11-04-2010, 10:03 PM
I support Ron Paul in principle at least. I don't think he'll be able to completely dismantle the Fed in his lifetime, but limiting its powers would be a great victory for him and for America.

larrymoencurly
11-04-2010, 11:22 PM
Ron Paul is a wacky conspiracist who published a doomsday newsletter full of racism, and, contrary to his libertarian philosophy, he loves bringing the federal pork back to his district in Texas and freely admitted so on 60 Minutes.

124nic8
11-05-2010, 12:21 AM
Where was Paul last time the Reps controlled Congress and Greenspan was letting bankers run amuck?

OhNoItsDEVO
11-05-2010, 12:49 AM
Where was Paul last time the Reps controlled Congress and Greenspan was letting bankers run amuck?
Ron Paul is a wacky conspiracist who published a doomsday newsletter full of racism, and, contrary to his libertarian philosophy, he loves bringing the federal pork back to his district in Texas and freely admitted so on 60 Minutes. Why the fark would either of you be against letting the people have a look at the feds books? Please explain your objections. This audit absolutely needs to happen.

Dr. J
11-05-2010, 03:57 AM
Ron Paul is a wacky conspiracist who published a doomsday newsletter full of racism, and, contrary to his libertarian philosophy, he loves bringing the federal pork back to his district in Texas and freely admitted so on 60 Minutes.

links, links, links?

MikeBear
11-05-2010, 05:11 AM
There's not enough gold in the entire WORLD, to cover the FIAT "funny money" they have been (over) printing for years. That's why you'll never see them go back to a gold backed economy.

They would rather (or seem to) have everything worldwide "crash and burn", before they would ever go back to that.

cruizerfish
11-05-2010, 05:44 AM
Where was Paul last time the Reps controlled Congress and Greenspan was letting bankers run amuck?

The neocons were in control and then we had a polar shift to the neoliberals. It's different now, people are watching very closely. The jig is up. :D

-------------------------------------------------

So Long, Tim Geithner (http://www.cnbc.com/id/39987552/)

We're starting a Tim Geithner death watch.

hsjpatman
11-05-2010, 09:27 AM
Larry and nic, nice Red Herrings.

124nic8
11-05-2010, 09:37 AM
The neocons were in control and then we had a polar shift to the neoliberals. It's different now, people are watching very closely. The jig is up. :D

-------------------------------------------------

So Long, Tim Geithner (http://www.cnbc.com/id/39987552/)

Yeah, the Reps always "watch very closely" when there is a Dem POTUS. :vomit:

farnan
11-05-2010, 09:38 AM
links, links, links?

Paul loves the other white meat:

http://latimesblogs.latimes.com/washington/2009/03/ron-paul-defend.html



I still support his push to audit the Fed---just not disband it.

cruizerfish
11-05-2010, 10:31 AM
Yeah, the Reps always "watch very closely" when there is a Dem POTUS. :vomit:

I am not a Republican. I also watched Dumbya very closely, I was a despised 'Leftie' here in TP back then. I am as right wing as they come, shifting left ever so slightly. ;)

http://www.stephenpratt.net/Politics/RightLeftLine2.jpg

I still support his push to audit the Fed---just not disband it.

Auditing the Fed = Abolish. The emperor wears no clothes.

TheObserver84
11-05-2010, 05:08 PM
Ron Paul is a wacky conspiracist who published a doomsday newsletter full of racism, and, contrary to his libertarian philosophy, he loves bringing the federal pork back to his district in Texas and freely admitted so on 60 Minutes.

I don't know about the wacky conspiracist part but Ron Paul is certainly a radical. He is shockingly honest :eek: and as a result comes across as a radical from the YouTube videos I have seen of him. Considering how much the Republicans hate/fear Obama for trying to change things I wonder what they think of Ron.

larrymoencurly
11-06-2010, 05:17 AM
I don't know about the wacky conspiracist part but Ron Paul is certainly a radical. He is shockingly honest :eek: and as a result comes across as a radical from the YouTube videos I have seen of him. Considering how much the Republicans hate/fear Obama for trying to change things I wonder what they think of Ron.
There's a big difference between being honest when you're a gadfly radical who doesn't matter and being honest when you have have great influence over events and take responsibility for them, and so far the most Ron Paul has done is stir up paranoia about auditing the Federal Reserve. OTOH what if Congress favored every one of his ideas and suddenly decided to cut next year's federal budget in half, to about $7T, match that with tax cuts of $5.5T (not $7T because the deficit is about $1.5T), and put the US on the gold standard? It's a good thing the shockingly honest Ron Paul doesn't matter much.

larrymoencurly
11-06-2010, 05:23 AM
Larry and nic, nice Red Herrings.Predictable. Now give some proof for your side.

larrymoencurly
11-06-2010, 05:25 AM
Auditing the Fed = Abolish. The emperor wears no clothes.

And replace it with what?

While you're at it, explain why the Fed was created in the first place and why libertarian Milton Friedman favored nations having central banks run by their governments.

larrymoencurly
11-06-2010, 05:28 AM
There's not enough gold in the entire WORLD, to cover the FIAT "funny money" they have been (over) printing for years. That's why you'll never see them go back to a gold backed economy.

They would rather (or seem to) have everything worldwide "crash and burn", before they would ever go back to that.What happened the last time the US tried to go back on the gold standard? Or are you one of those people with strong opinions but weak facts?

redpoint5
11-06-2010, 10:43 AM
what if Congress favored every one of his ideas and suddenly decided to cut next year's federal budget in half, to about $7T, match that with tax cuts of $5.5T (not $7T because the deficit is about $1.5T), and put the US on the gold standard? It's a good thing the shockingly honest Ron Paul doesn't matter much.

Ron Paul is radical and appears to be very honest. The thing that stands out the most is that he seems to genuinely have the best interests of the people at heart, and not be after personal gain; very unusual for a politician. I also don't hear him attack other politicians on a personal level, as is popular these days. Instead I always hear him talking about the issues and his plan to address them. After all, this is what politicians are paid to do.

I disagree with some of his positions, but since our government has checks and balances, the most radical of his ideas will never come to fruition. For this reason, I would like to see many of his ideas gain momentum, and his political career influence the direction of our country.

Hawk2007
11-06-2010, 11:03 AM
Ron Paul is a wacky conspiracist who published a doomsday newsletter full of racism, and, contrary to his libertarian philosophy, he loves bringing the federal pork back to his district in Texas and freely admitted so on 60 Minutes.



Yet.... the dems so freely give Klansman Robert Byrd a pass just because he apologized. :rolleyes:

Fortunately, in November 2010, we learned that most Americans are still racists and bigots for rejecting the black president's agenda.

Ron Paul is radical and appears to be very honest. The thing that stands out the most is that he seems to genuinely have the best interests of the people at heart, and not be after personal gain; very unusual for a politician. I also don't hear him attack other politicians on a personal level, as is popular these days. Instead I always hear him talking about the issues and his plan to address them. After all, this is what politicians are paid to do.

I disagree with some of his positions, but since our government has checks and balances, the most radical of his ideas will never come to fruition. For this reason, I would like to see many of his ideas gain momentum, and his political career influence the direction of our country.



Agreed.

Ron Paul had some kooky backers in 2008, but few can argue that RP says stuff just because he's a politician and thinks that's what people want to hear.

Steady
11-06-2010, 12:30 PM
Go get 'em Ron! This is an excellent opportunity to identify the newly elected neos and sell-outs that snuck in under the tea party banner.

http://i94.photobucket.com/albums/l107/jimmyjamsslo/paul_dees.jpg

Ron Paul vows renewed Fed audit push next year (http://www.reuters.com/article/idUSTRE6A35QB20101104)


Huh? Do you think that there are some TP politician-elects who would be against an audit of the FED?

I bet there will not be a single one.

cruizerfish
11-06-2010, 02:40 PM
And replace it with what?

While you're at it, explain why the Fed was created in the first place and why libertarian Milton Friedman favored nations having central banks run by their governments.

Repudiate the debt, nationalize the Federal Reserve and ROLL IT back into the Treasury - Reissue silver certificates. It's not going to be that easy and violence is going to come into play anyway you slice it.

Great sacrifices will have to be made.


http://www.fastcoin.com/images/one-hundred-silver-certificates-41707.jpg


Ron Paul had some kooky backers in 2008

Please do explain.

cruizerfish
11-06-2010, 02:43 PM
Huh? Do you think that there are some TP politician-elects who would be against an audit of the FED?

I bet there will not be a single one.

We'll see now won't we?

Hawk2007
11-06-2010, 03:03 PM
Please do explain.


Don't need to, their actions speak for themselves.

Chasing Sean Hannity down the street b/c he's not going to put RP on his show or some other make-believe reason does not bode well. That's one incident of several where some over-zealous RP people ended up putting him in a bad light.

We'll see now won't we?

post a poll on how many people would like to see the fed audited. i would bet quite a few here would say "yes". I can think of a few prominent liberals who would probably say "no" though.

rrc06
11-06-2010, 03:23 PM
post a poll on how many people would like to see the fed audited. i would bet quite a few here would say "yes". I can think of a few prominent liberals who would probably say "no" though.

I'd find that to be surprising.

Alan Grayson (known for his quip about the GOP health plan being "to die quickly") is a die-hard liberal who actually pushed to audit the fed (http://en.wikipedia.org/wiki/Alan_Grayson#Federal_Reserve_transparency) while he was in office. Grayson is one of those libs that the hard left was really sad to see lose this most recent election. Being in FL, nothing made me happier than see this douchebag get slaughtered in the election. Outside of his view on the fed, he pretty much was as annoyingly liberal as you can get.

cruizerfish
11-06-2010, 03:44 PM
Don't need to, their actions speak for themselves.

Chasing Sean Hannity down the street b/c he's not going to put RP on his show or some other make-believe reason does not bode well. That's one incident of several where some over-zealous RP people ended up putting him in a bad light.

A misguided few, Sean Hannity is irrelevant. The man humps Giuliani's leg like a horny dog.

post a poll on how many people would like to see the fed audited. i would bet quite a few here would say "yes". I can think of a few prominent liberals who would probably say "no" though.

I'm sure there are some "libs" in TP that support the measure, but can they handle the results?

cruizerfish
11-06-2010, 03:48 PM
I'd find that to be surprising.

Alan Grayson (known for his quip about the GOP health plan being "to die quickly") is a die-hard liberal who actually pushed to audit the fed (http://en.wikipedia.org/wiki/Alan_Grayson#Federal_Reserve_transparency) while he was in office. Grayson is one of those libs that the hard left was really sad to see lose this most recent election. Being in FL, nothing made me happier than see this douchebag get slaughtered in the election. Outside of his view on the fed, he pretty much was as annoyingly liberal as you can get.

Dennis Kucinich is my most favored Democrat that supports auditing the fed. I admire his honesty and believe he genuinely cares for his constituents. He did vote nay on TARP.

Hawk2007
11-06-2010, 04:22 PM
I'd find that to be surprising.





iirc, several podiumites have poo-poo'd the suggestion that we should audit the fed.

Personally, I have no problem with it. It's not even a matter of "well if you've got nothing to hide, then you don't mind us looking around." It's more of a matter that the fed can do more damage to our economy that any corporation or stereotypical rich, white, conservative, working poor screwing, Tea Party voting CEO that Obama ridicules daily.

A misguided few, ...



Like I said, some, typically the young male crowd, made RP look like an asshat. As I originally stated, some of his supporters were kooky.

Hawk2007
11-06-2010, 04:24 PM
'm sure there are some "libs" in TP that support the measure, but can they handle the results?


unfortunately the podium does not have a bearing on what happens inside the beltway. I certainly hope the new batch of reps from the House seriously look into the issue.

homers
11-06-2010, 04:37 PM
The federal reserve is not a true gov't agency, but is actually made up of regional board of governors who really represent the banking industry. Since it's inceptions, it's powers have grown tremendously, most notably during the depression and during the past few years during this recent crisis. If a true audit were to happen, the system and US would collapse. There are Trillions of dollars (just from the recent crisis actions) unaccounted for publicly. The "Fed" also allows Congress to abdicate it's own fiscal responsibilities. Congress has for decades spent far more each year than it takes in making the "fed" do the paperwork. When things go well, the elected members of congress take credit. When things go bad, the elected members of congress can use the (unelected by the people) "fed" as their scapegoat. The value of the $ has dropped to mere pennies on the dollar since the federal reserve system was enacted.

Kind of shocking that with Trillions and Trillions of dollars at stake annually, that US taxpayers don't believe that every penny should be accounted for.

cruizerfish
11-06-2010, 05:11 PM
The federal reserve is not a true gov't agency

They are as Federal as Federal Express.

It's sad how people don't know the difference between these 2 bills:

http://i108.photobucket.com/albums/n14/mmikeyj/US_100_United_States_Note_1966.jpg?t=1239115592

http://i108.photobucket.com/albums/n14/mmikeyj/HundredDollarBill.jpg?t=1239115702

new33
11-06-2010, 09:18 PM
and bye kooky I suppose u mean ending the Military war machine abroad ? "time is on our side , oh yes it is "

larrymoencurly
11-07-2010, 03:55 AM
The federal reserve is not a true gov't agency
They are as Federal as Federal Express.

You're saying the board of directors of Federal Express is nominated by the president of the US and approved by the US Senate.

cruizerfish
11-07-2010, 06:32 AM
You're saying the board of directors of Federal Express is nominated by the president of the US and approved by the US Senate.

Riddle me this batman: Why doesn't the second most powerful man in the world (and a Nobel laureate to boot) take a stroll down to the Fed and kick a Republican appointee (Time's man of the year) to the curb? The man that is taking food out of the mouths of the most vulnerable segments of society; the ones Obama promised to help.

http://www.whiterabbitcult.com/wp-content/uploads/2009/12/bill_bernanke_unicorn.jpg

rrc06
11-08-2010, 05:02 AM
Riddle me this batman: Why doesn't the second most powerful man in the world (and a Nobel laureate to boot) take a stroll down to the Fed and kick a Republican appointee (Time's man of the year) to the curb? The man that is taking food out of the mouths of the most vulnerable segments of society; the ones Obama promised to help.


It amazes me that many libs, who argue they support the "common man", are willing to give this shadow organization a free pass....

http://money.cnn.com/2010/11/04/markets/commodities_fed/index.htm

Crude oil for December delivery hit a six-month intraday high Thursday, rising above $86 a barrel for the first time since May 3.

But precious metals were shining even brighter. Gold settled at a record high, rising $45.50, or 3.4%, to $1,383.10 an ounce. Silver prices skyrocketed 5% to a 30-year high of $25.68 an ounce.

"Metals are going to keep benefiting from the uncertainty in the markets," Sanchez said. "We expect continued strong demand, especially for gold and silver."

Most of the so-called "consumer" commodities were also sharply higher Thursday, with coffee soaring 5.3%.

But some economists are worried commodities will head even higher in the next few months as a result of the Fed's more aggressive policies. Crude oil prices have jumped 6.3% in the past month alone, while gold is up 5.1% in the same period.

Sugar, cotton, corn and wheat have all hit new highs over the past two months. Those price hikes could start hitting consumers' wallets soon. High cotton prices will translate into higher clothing prices, while an increase in corn and wheat prices could result in higher prices for chicken, meat, pizza, pasta and bread.

Looks like those on fixed incomes are going to be paying a higher % of their income for these things.

cruizerfish
11-08-2010, 05:48 AM
It amazes me that many libs, who argue they support the "common man", are willing to give this shadow organization a free pass....

Neos, lib and con, care for only one thing: CONTROL.

hsjpatman
11-08-2010, 09:21 AM
Predictable. Now give some proof for your side.

What was predictable ?
That someone would call you out on your red herring ?

larrymoencurly
11-08-2010, 11:15 AM
What was predictable ?
That someone would call you out on your red herring ?It seems you say "red herring" quite predictably and also feign ignorance. You can do better, so do better.

larrymoencurly
11-08-2010, 11:19 AM
Neos, lib and con, care for only one thing: CONTROL.Almost all people, regardless of political orientation, really do have good intentions, at least at the beginning, before they realize that politics is mostly about making deals to get at least part of their good intentions made into reality and about raising campaign money.

larrymoencurly
11-08-2010, 11:23 AM
Riddle me this batman: Why doesn't the second most powerful man in the world (and a Nobel laureate to boot) take a stroll down to the Fed and kick a Republican appointee (Time's man of the year) to the curb? The man that is taking food out of the mouths of the most vulnerable segments of society; the ones Obama promised to help.

http://www.whiterabbitcult.com/wp-content/uploads/2009/12/bill_bernanke_unicorn.jpg


Bernake is doing a reasonably good job. Maybe he's no Paul Volcker or William Chesley Martin, but he's better than Alan Greenspan and Arthur Burns and certainly better than G. William Miller.

Doctor_Wu
11-08-2010, 11:40 AM
I also do not see a viable alternative to the Fed. Adam Smith spoke about the tendency of governments to dilute the purity of gold coins over time, thus debasing the value of the currency. Perhaps that is the simple reality of legal tender.

To place the authority of monetary policy directly in the hands of politicians is to invite greater mischief than we have seen to date, with the possible exception of Nixon's influence over Arthur Burns.

rrc06
11-08-2010, 11:41 AM
Bernake is doing a reasonably good job.
You are the one who supports the effort to reward debtors over savers and make commodities and foodstuffs more expensive for the most vulnerable of populations in this country.

Xygonn
11-08-2010, 11:59 AM
The point behind non-hardbacked money is that you CAN increase the money supply as the value of the total goods owned and manufactured increases. If we switched to "hardbacked" money it would basically have to be super leveraged, to the point where the backing doesn't matter. I'm pretty libertarian leaning, but fiat currency makes sense. It does run on faith that your dollar can buy you something later. Think of it as an IOU note from a friend for whatever good or service you desire in exchange for the good or service you are selling. When you hardback money, every exchange is basically a barter of my good or service for a commodity that I will later barter for another good or service. It's just not as flexible, especially if the amount of money tied up in transactions is larger than the value of the backing commodity.

hsjpatman
11-08-2010, 12:22 PM
It seems you say "red herring" quite predictably

Are you saying that you predicted that I would chime in a call the red herrings, red herrings ?

and also feign ignorance. You can do better, so do better.

I seriously am not following you here.

cruizerfish
11-08-2010, 04:37 PM
Why are the gold vaults at the Dallas Fed empty and the ones in NYC are rumored to be full? What about Fort Knox? Atlanta? St. Louis?

What is the REAL problem with an audit?

Inside the Empty Gold Vaults at the Dallas Fed. (http://vimeo.com/2706424)

-----------------------------------------

The printing press is like a drug for guvmints, can't help but take another hit. http://i191.photobucket.com/albums/z301/cruizerfish/Smileys/Line.gif

Umm2three
11-08-2010, 05:53 PM
He returned $100,000 to the treasury. LINK (http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Rep-Ron-Paul-R-Tex-gives-100000-back-to-taxpayers-85903937.html)

Umm2three
11-08-2010, 06:21 PM
What about the gold missing from the WTC?? LINK (://911research.wtc7.net/wtc/evidence/gold.html)

cruizerfish
11-08-2010, 06:56 PM
What about the gold missing from the WTC?? LINK (://911research.wtc7.net/wtc/evidence/gold.html)


Do people expect Comex to cover its futures contracts? I doubt any was 'lost'. ;)

ArleneMcGinty
11-09-2010, 01:06 AM
You just lost all credibility with that line, wows.


Bernake is doing a reasonably good job. Maybe he's no Paul Volcker or William Chesley Martin, but he's better than Alan Greenspan and Arthur Burns and certainly better than G. William Miller.

larrymoencurly
11-09-2010, 04:48 AM
Bernake is doing a reasonably good job. Maybe he's no Paul Volcker or William Chesley Martin, but he's better than Alan Greenspan and Arthur Burns and certainly better than G. William Miller. You just lost all credibility with that line, wows.Then explain, in a credible way, what those other Fed chairmen did, without looking them up.

Why do you think Martin was better than Bernake?

larrymoencurly
11-09-2010, 05:57 AM
You are the one who supports the effort to reward debtors over savers and make commodities and foodstuffs more expensive for the most vulnerable of populations in this country.Pure lies on your part, but if I'm wrong, cite some examples where I said or even implied your claims.

rrc06
11-09-2010, 06:23 AM
Pure lies on your part, but if I'm wrong, cite some examples where I said or even implied your claims.


Turn on the news and watch what is happening to commodities before your very eyes. That's all the example you need.

Doctor_Wu
11-09-2010, 07:00 AM
Why are the gold vaults at the Dallas Fed empty and the ones in NYC are rumored to be full? What about Fort Knox? Atlanta? St. Louis?


Uhhh... b/c the Dallas Fed moved out of that building in 1992?

PhucilliJerry
11-09-2010, 07:49 AM
Pure lies on your part, but if I'm wrong, cite some examples where I said or even implied your claims.

Here ya go:

http://slickdeals.net/forums/showpost.php?p=34094579&postcount=4 (http://slickdeals.net/forums/showpost.php?p=34094579&postcount=4)

Actually we can get out of this by using the old tried and true methods that have almost always worked in the past -- massive spending deficits and low interest rates. I would expect gold to go higher because we have little choice but to devalue the dollar through low interest rates, and devaluation is almost always the right choice when the economy is sluggish and inflation is absent.

Sure seems like you're advocating the devaluation of the dollar here. Do you disagree?

rrc06
11-09-2010, 08:24 AM
You are the one who supports the effort to reward debtors over savers and make commodities and foodstuffs more expensive for the most vulnerable of populations in this country.

Pure lies on your part, but if I'm wrong, cite some examples where I said or even implied your claims.

Here ya go:

http://slickdeals.net/forums/showpost.php?p=34094579&postcount=4 (http://slickdeals.net/forums/showpost.php?p=34094579&postcount=4)

Sure seems like you're advocating the devaluation of the dollar here. Do you disagree?

Im looking forward to Larry's response to this one :)

cruizerfish
11-09-2010, 09:59 AM
Uhhh... b/c the Dallas Fed moved out of that building in 1992?

Wu, I will not find my way into Dallas until February, could you do me a favor and request a tour sooner? I'd hate to take away from my time in the deep ellum. ;)

I will not ask you to flip Fisher the bird. Promise :D

Doctor_Wu
11-09-2010, 10:05 AM
Wu, I will not find my way into Dallas until February, could you do me a favor and request a tour sooner? I'd hate to take away from my time in the deep ellum. ;)

I will not ask you to flip Fisher the bird. Promise :D

Let our conspiracy theories rest on videos that depict something accurately.

cruizerfish
11-09-2010, 07:37 PM
Let our conspiracy theories rest on videos that depict something accurately.

Thank you for the correction Wu.

-----------------------------------------------------------------


Ron Paul Is About to Totally Revolutionize the House Monetary Policy Panel (http://www.cnbc.com/id/40013227)

"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."

“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.”

adams135
11-09-2010, 07:42 PM
ROn also has a different definition of "Pork" than a lot of us which is a big disappointment to me.

rrc06
11-12-2010, 06:45 AM
Bernanke's worst nightmare: Ron Paul (http://money.cnn.com/2010/11/12/news/economy/Bernanke_Paul/index.htm)

Ben Bernanke has had his hands full since his first day on the job as Federal Reserve chairman nearly five years ago. It's about to get even tougher.

His harshest critic on Capitol Hill, Rep. Ron Paul of Texas, is about to become one of his overseers.

With the Republicans coming to power, Paul, who would like to abolish the Fed and the nation's current monetary system, will become the chairman of the House Subcommittee on Domestic Monetary Policy.

Paul doesn't think he'll be able to move his proposal to eliminate the Fed, or to allow Americans to use gold instead of paper money as currency. But he said he does intend to use his new position as "a mini-bully pulpit" to criticize Fed policy and call more attention to what he sees as its negative consequences. And he's confident that American voters are ready to delve into those monetary policy questions.

And Paul vows to try again to authorize Congressional audits of the Fed's decisions on the economy, a proposal that passed the House last year but was essentially gutted from the final version of the financial regulatory overhaul legislation.

Some economists worry that Paul having that kind of pulpit will hurt the Fed, and diminish its ability to fix an economy that still needs help.

"From Ron Paul's standpoint, the Fed can't do anything right," said Lyle Gramley, a former Fed governor who is now senior economic advisor to the Potomac Research Group. "He can cause the Fed to lose a lot of public support. But it needs public support to do what it needs to do."

While the Fed policymakers will try to resist pressure from Paul, they won't be able to ignore it, said John Silvia, chief economist for Wells Fargo Securities. And he said there's a potential for that pressure to influence Fed policy.

"The Fed has a more balanced, nuanced position on its dual mandate to promote growth and keep prices stable," he said. "Ron Paul probably doesn't."

dadoprso
11-12-2010, 07:03 AM
Ron Paul is radical and appears to be very honest. The thing that stands out the most is that he seems to genuinely have the best interests of the people at heart, and not be after personal gain; very unusual for a politician. I also don't hear him attack other politicians on a personal level, as is popular these days. Instead I always hear him talking about the issues and his plan to address them. After all, this is what politicians are paid to do.

I disagree with some of his positions, but since our government has checks and balances, the most radical of his ideas will never come to fruition. For this reason, I would like to see many of his ideas gain momentum, and his political career influence the direction of our country.

Agreed. I'm pretty liberal, but I love Ron Paul b/c of what you stated.

cruizerfish
11-12-2010, 07:11 AM
Ron needs a security detail and a food tester IMO.

Stay safe Dr. Paul.

Danman114
11-12-2010, 09:55 AM
Where was Paul last time the Reps controlled Congress and Greenspan was letting bankers run amuck?
You should YouTube some of RP's questioning of Greenspan, and find out! I'm quite confident that he has been against the Fed his entire career, and that every interview he's had with whoever is in charge has show this.

Ron Paul is a wacky conspiracist who published a doomsday newsletter full of racism The old, "He's racist, He's racist, He's racist" distraction. I find these arguements reflect more on the person making the accusations than the actual target.

contrary to his libertarian philosophy, he loves bringing the federal pork back to his district in Texas and freely admitted so on 60 Minutes.
It's actually wholly consistent with his constitutional philosophy. RP favors transparency, and what that requires is to have every single penny spent by the federal government to be earmarked. Currently, earmarks represent something like 1% of the budget, and the rest is lost in buerocracy.

124nic8
11-12-2010, 10:04 AM
You should YouTube some of RP's questioning of Greenspan, and find out! I'm quite confident that he has been against the Fed his entire career, and that every interview he's had with whoever is in charge has show this.


Being "against the fed" is not the same as using a committee chairmanship to conduct audits as I believe has been suggested by the OP.

Danman114
11-12-2010, 11:11 AM
Being "against the fed" is not the same as using a committee chairmanship to conduct audits as I believe has been suggested by the OP.
I think if you look at some of the discussions between Greenspan and Paul, you will see a lot of consistency over the years.

Maybe he just got the idea of an audit?

124nic8
11-12-2010, 11:45 AM
I think if you look at some of the discussions between Greenspan and Paul, you will see a lot of consistency over the years.

Maybe he just got the idea of an audit?

Or maybe he did not see the political advantage while there was a Republican POTUS. :rolleyes:

Danman114
11-12-2010, 12:05 PM
Or maybe he did not see the political advantage while there was a Republican POTUS. :rolleyes:

in 2003 and 2007 he put forth bills to repeal the legal tender law that mandates acceptance of Federal Reserve notes as legal tender.

in 2006 & 2007 he sponsored bills requiring the Fed to publish M3 monetary aggregates, which they had stopped doing.

Do you think he started the Campaign for Liberty because there was a Dem in office?

Or, do you think its way more realistic that what he's doing and accomplishing is a result of his popularity from his 2008 bid for the presidential seat?

124nic8
11-12-2010, 12:31 PM
in 2003 and 2007 he put forth bills to repeal the legal tender law that mandates acceptance of Federal Reserve notes as legal tender.

in 2006 & 2007 he sponsored bills requiring the Fed to publish M3 monetary aggregates, which they had stopped doing.

Do you think he started the Campaign for Liberty because there was a Dem in office?

Or, do you think its way more realistic that what he's doing and accomplishing is a result of his popularity from his 2008 bid for the presidential seat?

I think it's possible he did not have the clout to do audits before his most recent rise in popularity.

Elmer
11-12-2010, 01:21 PM
The old, "He's racist, He's racist, He's racist" distraction.


It's been a winning strategy.....