This Is Going To Be Awesome

hellblazer

hellblazer

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Sep 20, 2008
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After all the butthurt liberalism lately, here's a nice thread where even you guys and the faux-libertarians can come together for some warm and fuzzy Ron Paul love.

I wasn't sure if they'd let him on, but it looks like a done deal.

Ron Paul, Author of `End the Fed,' to Lead Panel Overseeing Central Bank

I basically feel the same way as Denninger on this development. Time to put up or shut up:

I'd love to see Mr. Paul actually do what he claims he wants. For years he and his supporters have been able to hide behind the "I'm only one of 435." That's no longer true - now, with a subcommittee chair seat, he's got a bully pulpit and, assuming the committee chair accedes, subpoena power.

The time for excuses is over, and the time for action has arrived.

You can bet I'll be reporting on whether or not the checks written by Mr. Paul over the previous years actually get cashed, now that he's got the keys to the drawer holding the cash to make 'em good.

I'm skeptical, but willing to be convinced.

Show me.
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Ron Paul To Be Chairman On Subcommittee Overseeing Central Bank

Representative Ron Paul, Texas Republican and author of “End the Fed,” will take control of the House subcommittee that oversees the Federal Reserve.

House Financial Services chairman-elect Spencer Bachus, an Alabama Republican, selected Paul, 75, to lead the panel’s domestic monetary policy subcommittee when their party takes the House majority next month, the committee chairman said today.

“This is the leadership team that crafted the first comprehensive financial reform bill to put an end to the bailouts, wind down the taxpayer funding of Fannie Mae and Freddie Mac, and enforce a strong audit of the Federal Reserve,” Bachus said in a statement.

Paul, in an interview last week, said he plans a slate of hearings on U.S. monetary policy and will restart his push for a full audit of the Fed’s functions.

“We are ready to hit the ground running, and I look forward to continuing our work in the next Congress,” Bachus said.

Paul, who has introduced legislation to abolish the Fed, became nationally known during his 2008 presidential campaign. His campaign to audit the Fed picked up steam as the central bank deployed trillions of dollars in emergency loans in the midst of the worst financial crisis since the Great Depression. Paul’s bill gained the support of 320 of 435 members of the House and a portion of the measure ended up in the Dodd-Frank financial regulatory overhaul enacted this year.
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Ron Paul is only as good as his positions. He happens to be mostly consistent. If my memory is correct, there was a time he was for capital punishment, a position for which he rightly attracted criticism from libertarians and anarchists. He has since changed his position, and given a logical reason for doing so.

Here's the thing about us anarchists, HB. We don't form allegiances behind personalities, even guys like Ron Paul. We align ourselves with those who hold the same positions as ours. This is the reason you'll see us aligning with conservatives on some issues, and liberals on others.

If conservatives want to dismantle Medicare, we're on their side. If they want to increase military spending, we're not on their side.

If liberals want to legalize pot, we're all for it. If they want to increase payroll taxes, we'll distance ourselves from them.

HB, the reason I'm explaining what you likely already know is to remind you that libertarians and anarchists do not automatically align with liberals (Progressives).

We go issue by issue. Trust me, as soon as Ron Paul goes off the Austrian reservation, he'll draw criticism. And rightly so.

I'm glad he's heading this committee. Given recent court judgments, the Fed's flipping the bird at the courts, and the machine in which Paul is forced to work, I do not have high hopes for the results. But his presence is better than nothing because of his position on the Fed.
 
Awesome. I really hope he can accomplish some positive things in this position and make some change; though my tinfoil hat conspiracy inclinations make me a little bit doubtful that this will change anything, and is more or less a move to bullshit the public into thinking the government is becoming more transparent.
 
Well, he'll finally have subpoena power. He can order Bernanke to appear at a hearing and bring whichever financial records he desires.

If Bernanke refuses, it sets them up for a showdown at the Supreme Court. If they maintain their current composition, I think they'd rule 5-4 in favor of Paul.

After all, if the Supreme Court has no power over the Fed, they truly have no check on their power. Scary thought.

The only question is how long this sequence will take.
 
Hellblazer = Extremely butthurt, conservative fag who continues to sound more retarded with every post. I'm sure he's been hacked by a schizophrenic Mexican on steroids, though. Hope he gets his account back by this failed attempt at a patriot.

PS, 90% of people who have viewed your posts think you are fuckin' retarded.
 
hellblazer said:
Well, he'll finally have subpoena power. He can order Bernanke to appear at a hearing and bring whichever financial records he desires.

If Bernanke refuses, it sets them up for a showdown at the Supreme Court. If they maintain their current composition, I think they'd rule 5-4 in favor of Paul.

After all, if the Supreme Court has no power over the Fed, they truly have no check on their power. Scary thought.

The only question is how long this sequence will take.
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True. We may already have an experiment regarding this in the making. You might recall the courts ordering Bernanke and Co. to show their hand regarding the bailout recipients back in March of this year. Understandably, the Fed stalled and asked for an appeal. The court rejected it. There were other shenanigans involved, but the Fed just recently opened the books.

There is some worrisome information in there. We'll see what comes of it. This experiment may be a good proxy for what is to come regarding the Fed and their power.
 
seous said:
Hellblazer = Extremely butthurt, conservative fag who continues to sound more retarded with every post. I'm sure he's been hacked by a schizophrenic Mexican on steroids, though. Hope he gets his account back by this failed attempt at a patriot.

PS, 90% of people who have viewed your posts think you are fuckin' retarded.
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You fucking idiot.

We were getting some bi-partisan love going on in this thread and just about the moment where we get to see our first successful reach-around, you come in and try to derail it with your prejudice.

Fuck you.
 
LotsOfZeros said:
You fucking idiot.

We were getting some bi-partisan love going on in this thread and just about the moment where we get to see our first successful reach-around, you come in and try to derail it with your prejudice.

Fuck you.
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No money shot :(

I understand your sadness.
 
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