Rep. Paul to Fed: Tell Us Everything, or Else

Can't remember when congressional-committee hearings ever brought down any crooks or criminals--nor even caused them to do much more than break a sweat on national TV. History is full of congressional-committee hearings, and as instructive as they are to us CTs, they never really seem to accomplish much....

Originally posted by boondock-saint
wow
almost sounds scripted does it not ???

but if real, I suspect Ron will have an accident
very shortly. I don't think the Rothschilds
like Texans making a stink.

Don't keep saying or thinking that. What we dwell upon we create, to some extent at least. Let's at least attempt to use these creative abilities to try to help this incredibly courageous man, not destroy him.

Ron Paul to be next President!

Originally posted by Ex_CT2
Can't remember when congressional-committee hearings ever brought down any crooks or criminals--nor even caused them to do much more than break a sweat on national TV. History is full of congressional-committee hearings, and as instructive as they are to us CTs, they never really seem to accomplish much....

Do you remember the last time there was someone actually saying it like it is in Congress?

He's leading by example. I hope more will follow!

I am starting to think that it makes not one bit of difference what kind of ## we get on any of them, they will just ignore it and give us the finger! "yea so what are you going to do about it" is about all your going to get!

It is a shame but that is how I am feeling now. They are untouchable.

Originally posted by ModernAcademia

Originally posted by gorgi
His grasp of economics is the equivalent of a kid.

It's funny you always have accusations with ZERO arguments

You never explain what you mean and why you are saying it

The reason Paul does not understand economics is because of the stuff he has said in the past and the stuff he wants to do. The flat tax is a bad idea, which would punish the middle class. The idea of competing currencies or the gold standard is horrible. Abolishing the Fed is a disaster. Does he even know what the fed does? "Lets get rid of the federal government" and "End the Fed" are cool slogans but not practical.

I suspect it's because you have no idea what you are saying or why you are saying it
Even a child would know that in order to give a strong argument you should explain yourself, yet you do not
Obviously it's because you barely even hold an opinion

Originally posted by gorgi
Why does he threaten them ?
He really doesnt understand the "bailing out foreign banks" thing either.

Alright, i'll bite
Why don't you explain the bailing out of foreign banks to us?

edit on 1-6-2011 by ModernAcademia because: (no reason given)

He really didnt bail them out. We gave them loans when the economy was crashing and credit was frozen. A lot of the insurers went under who back there assets that were falling and needed emergency loans. This is bad how ?

Originally posted by michaelmcclen
I can see it now, Ron Paul will be the new George Washington in years to come.

I bet he knows that he has little time left on this planet because of age so he is going #'s to the wall's avid about disclosure, so he will always be remembered.

Here's to Dr Paul. Hope you kick out the fed and every other politician sucking on the teet of the tax payer.

Totally with you here Michael. Dr. Paul needs to up-root the feds death grasp on our beautiful country. We are with you Ron! Lets make them pay for thier transgressions.

reply to post by gorgi

Abolishing the Fed is a disaster. Does he even know what the fed does?

Whoa! This one takes the cake so far today.

Do YOU know what the Fed does?

Do you know why JFK was killed?

Why we're now in a perpetual war on the world?

Why the financial crisis got real ugly?

Do you wonder why economic "bubbles" are produced? (Answer: In order to BURST.)

Do you know "who" is able to produce economic bubbles?

Only one organization does it all so well: The (not so) "Federal" Reserve.

What kind of a "disaster" awaits a world where the elite can't so easily pull our strings?

A more peaceful world? A world where abundance trumps artificial scarcity?

Well, such a "disaster" would be welcome, from where I sit.

JR

Originally posted by gorgi
The reason Paul does not understand economics is because of the stuff he has said in the past and the stuff he wants to do. The flat tax is a bad idea, which would punish the middle class.

No that would only help the middle class
The venue he suggests the most is an opt-out program, you pay 10% income tax but you opt-out of the system.
This would help the middle class in keeping more money which would in turn increase buying habits which will both create & maintain jobs and injecting money into the economy as opposed to into a system.

Also more money while being in an opt-out program will allow them to see specialists, like at private clinics instead of being on a 5month-1yr waiting list, this would help out the private clinic market and allow the middle class to get faster medical care, right now only the upper class can afford such a route.

So the benefits to the middle class benefits them and helps them help each other.

Originally posted by gorgi
The idea of competing currencies or the gold standard is horrible. Abolishing the Fed is a disaster. Does he even know what the fed does? "Lets get rid of the federal government" and "End the Fed" are cool slogans but not practical.

The competing currencies is a freedom of economy issue, and a good one.
Also as far as the FED, why do you support a secret bank that causes inflation and soon to be hyper-inflation?
How could the FED possibly benefit you?

Originally posted by gorgi
Why does he threaten them ?

If you read his exact words it's not what the article headline is

Originally posted by gorgi
He really didnt bail them out. We gave them loans when the economy was crashing and credit was frozen. A lot of the insurers went under who back there assets that were falling and needed emergency loans. This is bad how ?

He gave them loans?
A president should not have any ownership of an auto-maker when the economy slips
Emergency loans for what? Bad business decisions?
All bailed-out corporations all were going down under all at the same time and Paulson pushes to bailout his the CEOs that were his fraternity brothers and you don't raise an eyebrow?

And the only one that wasn't a frat brother and didn't do as many bad mistake as it's counterparts, Lehman Brothers, got no bailout, and no eyebrow is raised?

It's the market(the people) that decides how much value an asset has through buying habits not the Govt.
To force people to pay for the bailing out of a deteriorated asset makes absolutely no sense whatsoever and is borderline economic fascism.

Originally posted by JR MacBeth
reply to post by gorgi

 

Abolishing the Fed is a disaster. Does he even know what the fed does?

Whoa! This one takes the cake so far today.

Do YOU know what the Fed does?

Do you know why JFK was killed?

Why we're now in a perpetual war on the world?

Why the financial crisis got real ugly?

Do you wonder why economic "bubbles" are produced? (Answer: In order to BURST.)

Do you know "who" is able to produce economic bubbles?

Only one organization does it all so well: The (not so) "Federal" Reserve.

What kind of a "disaster" awaits a world where the elite can't so easily pull our strings?

A more peaceful world? A world where abundance trumps artificial scarcity?

Well, such a "disaster" would be welcome, from where I sit.

JR

The federal reserve is the central bank of the US. It regulates money supply, sets interest rates on various items and institutions, makes loans, sells and buys bonds ect..

Please enlighten me with the bestowed knowledge on why JFK was killed.

What perpetual war ?

yada yad yada...

Originally posted by ModernAcademia

Originally posted by gorgi
The reason Paul does not understand economics is because of the stuff he has said in the past and the stuff he wants to do. The flat tax is a bad idea, which would punish the middle class.

No that would only help the middle class
The venue he suggests the most is an opt-out program, you pay 10% income tax but you opt-out of the system.
This would help the middle class in keeping more money which would in turn increase buying habits which will both create & maintain jobs and injecting money into the economy as opposed to into a system.

Also more money while being in an opt-out program will allow them to see specialists, like at private clinics instead of being on a 5month-1yr waiting list, this would help out the private clinic market and allow the middle class to get faster medical care, right now only the upper class can afford such a route.

So the benefits to the middle class benefits them and helps them help each other.

Ahh, the convenient opt out option that every one will use and that will some how make more money then a progressive tax system that includes all but the poorest. Must be magic.

How is the middle class going to get faster medical care with less money ?

Competing currencies are a disaster. Care to explain how it would be good? No actual economist would agree with you so I am curious to see how you spin it.

Originally posted by gorgi
The idea of competing currencies or the gold standard is horrible. Abolishing the Fed is a disaster. Does he even know what the fed does? "Lets get rid of the federal government" and "End the Fed" are cool slogans but not practical.

The competing currencies is a freedom of economy issue, and a good one.
Also as far as the FED, why do you support a secret bank that causes inflation and soon to be hyper-inflation?
How could the FED possibly benefit you?

Originally posted by gorgi
Why does he threaten them ?

If you read his exact words it's not what the article headline is

Originally posted by gorgi
He really didnt bail them out. We gave them loans when the economy was crashing and credit was frozen. A lot of the insurers went under who back there assets that were falling and needed emergency loans. This is bad how ?

He gave them loans?
A president should not have any ownership of an auto-maker when the economy slips
Emergency loans for what? Bad business decisions?
All bailed-out corporations all were going down under all at the same time and Paulson pushes to bailout his the CEOs that were his fraternity brothers and you don't raise an eyebrow?

And the only one that wasn't a frat brother and didn't do as many bad mistake as it's counterparts, Lehman Brothers, got no bailout, and no eyebrow is raised?

It's the market(the people) that decides how much value an asset has through buying habits not the Govt.
To force people to pay for the bailing out of a deteriorated asset makes absolutely no sense whatsoever and is borderline economic fascism.

There is no secret inflation. Is it hidden that no one knows about ? If inflation is secret and hidden than it really cannot hurt us. The inflation rate is at a healthy rate and there is no soon to be hyper inflation either.

The president does not own the auto makers nor did he. The US government took a majority stake in the two and canada took a small stake. The Us sold most of theirs in the open market.

The government buying stuff or "taking over" it is not new and it does work. It just did.

Thats right..the president dosnt own the auto makers..they own him* since they got billions in our tax money* all over cars that dont or cant achive over 32 mpg..japanese cars are way better, efficient and rarley ever break down, same as at least as far as i know..volkswagon bettels, back in thier day. when i was a kid, my father had a red one, 1970 model and few years later, a blue one, a 73 model. he liked them, becuase they were reliable, didnt really break down ( except one time he was driving and the passenger side tire came off somehow while driving) but thats suspension work, not mechanicall. potholes can easlily loosen bolts n nuts. he'd brag how they were basically to an extgent maintenance free, and those germans and thier technology.
it would be very interesting to see ron paul as president! dratically reducing spending on occupatinal wars, that run decades, and using that money for infrastructure within our home here america. creating businesses, jobs, things like that.

Anyone know when exactly this is on? I can't find anything about it on the cspan website

reply to post by gorgi

The federal reserve is the central bank of the US. It regulates money supply, sets interest rates on various items and institutions, makes loans, sells and buys bonds ect.. Please enlighten me with the bestowed knowledge on why JFK was killed. What perpetual war ? yada yad yada...

You have stated the US today has a central bank, and mentioned some of the things it does.

You have not mentioned why a central bank is indispensable, although your previous statement seems to imply such a thing.

Considering that the US, and many other nations, have long histories with no such entity possessing such broad economic powers, there is no question that such an institution could not be considered indispensable. Unless your meaning was that it only conferred some benefit, in which case, it would be incumbent upon you to show such supposed benefit.

As for JFK, I suppose you have never come upon an old $100 bill with a red seal on it, have you? The 1966 red seal $100 bill is rather scarce, because no sooner was it put into circulation, it was taken out. Before Kennedy died, he managed to get the ball rolling, so that regular Americans would soon hold in their hands physical "proof" that the Fed was actually not needed.

This $100 bill is famously called the Assassination Note for good reason. Look at the top of the bill. Unlike those in the pockets of every American, there is NO sign of the Federal Reserve! 1966?? Imagine. Instead of "Federal Reserve Note", it says "United States Note". You may not be able to glimpse any implications here, but I put it out nonetheless, in case others should see why this is significant.

As for no perpetual war, yada, yada??

I suppose the name Emmanuel Goldstein is also unfamiliar to you?

Look him up, and get back to me.

JR

Firstly, I see you are a liberal, which is fine
But just remember one dem that the left love is Alan Grayson, he also co-sponsored all of Ron Paul's end the fed bills and was on the committee to expose Bernanke, even Cenk from YoungTurks praises this initiative from both.

Originally posted by gorgi
Ahh, the convenient opt out option that every one will use and that will some how make more money then a progressive tax system that includes all but the poorest. Must be magic.

wow, what an interpretation

It's not magic, it's basic logic

all but the poorest? The poorest will keep alot of money income tax wise and hopefully won't be that poor anymore, what are you talking about?

Originally posted by gorgi
How is the middle class going to get faster medical care with less money ?

Dude you miss the opt-out part?
You only pay 10% income tax, that means you keep more of your HARD EARNED money

Originally posted by gorgi
Competing currencies are a disaster. Care to explain how it would be good? No actual economist would agree with you so I am curious to see how you spin it.

There's no spinning, we've already used gold certificates and silver certificates in the past
This is just bringing back what once already was.

Also if you look at history paper money always ended badly, this is fact
currencies based on gold or silver would not face the same fate because it's not centrally governed.

Also a currency standard that the people have control over always allows the people to keep Govt. in check
Right now you are promoting secrecy where you support a system where you have no idea where your money goes.
Where your money goes includes both tax money and printing money that causes inflation
Because even inflation is a tax, Bernanke himself agrees with this.

Originally posted by gorgi
There is no secret inflation. Is it hidden that no one knows about ? If inflation is secret and hidden than it really cannot hurt us. The inflation rate is at a healthy rate and there is no soon to be hyper inflation either.

That's insane, do you know how many poor people there are?
Do you know how many people can't afford food?
Do you know how much healthcare costs now and how much it costed long ago?
Are you a smoker? Remember how much cigarettes used to cost and how much they cost now?

Originally posted by JR MacBeth
reply to post by gorgi

 

The federal reserve is the central bank of the US. It regulates money supply, sets interest rates on various items and institutions, makes loans, sells and buys bonds ect.. Please enlighten me with the bestowed knowledge on why JFK was killed. What perpetual war ? yada yad yada...

You have stated the US today has a central bank, and mentioned some of the things it does.

You have not mentioned why a central bank is indispensable, although your previous statement seems to imply such a thing.

Considering that the US, and many other nations, have long histories with no such entity possessing such broad economic powers, there is no question that such an institution could not be considered indispensable. Unless your meaning was that it only conferred some benefit, in which case, it would be incumbent upon you to show such supposed benefit.

As for JFK, I suppose you have never come upon an old $100 bill with a red seal on it, have you? The 1966 red seal $100 bill is rather scarce, because no sooner was it put into circulation, it was taken out. Before Kennedy died, he managed to get the ball rolling, so that regular Americans would soon hold in their hands physical "proof" that the Fed was actually not needed.

This $100 bill is famously called the Assassination Note for good reason. Look at the top of the bill. Unlike those in the pockets of every American, there is NO sign of the Federal Reserve! 1966?? Imagine. Instead of "Federal Reserve Note", it says "United States Note". You may not be able to glimpse any implications here, but I put it out nonetheless, in case others should see why this is significant.

As for no perpetual war, yada, yada??

I suppose the name Emmanuel Goldstein is also unfamiliar to you?

Look him up, and get back to me.

JR

Its important to have because they are the ones who regulate the money supply, emergency loans, bank reserve ratios, interest rate, bond purchases, inflation control ect.. who else is going to be able to do this ? Abolishing the Fed will leave these important issues gone. the economy cannot function properly with out ta Fed.
Tell me how it would be good to not have this ?

Are you implying that William Martin killed Kennedy ?

Oh snap!! dropping a 1984 reference.

Originally posted by AR154
Anyone know when exactly this is on? I can't find anything about it on the cspan website

3pm Today EST
here is the stream
financialserv.edgeboss.net...

Wednesday, June 1, 2011 3:00 PM in 2128 Rayburn HOB
Domestic Monetary Policy and Technology

WITNESS LIST

•Mr. Scott G. Alvarez, General Counsel, Board of Governors of the Federal Reserve System
•Mr. Thomas C. Baxter, Jr., General Counsel, Federal Reserve Bank of New York

Submit A Question:
financialservices.house.gov...

Originally posted by Ex_CT2
Can't remember when congressional-committee hearings ever brought down any crooks or criminals--nor even caused them to do much more than break a sweat on national TV. History is full of congressional-committee hearings, and as instructive as they are to us CTs, they never really seem to accomplish much....

This reminds me of a line from Get Smart, where the evil genius wants to force everyone to read classical literature, while Maxwell Smart says a more rational approach would be better, to appeal to the conscience of the congress, to spend less money on war and more on education, to which the mad scientist replies -- and you think I'm crazy?

Maybe even the globalists got it wrong. Maybe they figured America would rebel about this time like Egypt, or at least Europe, but instead people are so glued to the television set they either don't know about it or, they do know about it and spend all their time online following the "revolution" while not doing anything about it. Interesting...stale mate? If the globalists want us to revolt, they must be angry that we are not.

Originally posted by ModernAcademia
Firstly, I see you are a liberal, which is fine
But just remember one dem that the left love is Alan Grayson, he also co-sponsored all of Ron Paul's end the fed bills and was on the committee to expose Bernanke, even Cenk from YoungTurks praises this initiative from both.

I am not liberal/conservative. I do not really care if some one switches parties.
Expose Bernanke ? For what ?
Also I do not like their youtube videos.

Originally posted by gorgi
Ahh, the convenient opt out option that every one will use and that will some how make more money then a progressive tax system that includes all but the poorest. Must be magic.

wow, what an interpretation

It's not magic, it's basic logic

all but the poorest? The poorest will keep alot of money income tax wise and hopefully won't be that poor anymore, what are you talking about?

The poorest do not really even pay taxes. The poor will get their tax refunds and for state that have sales taxes, they pay those, which is a regressive tax.

Originally posted by gorgi
How is the middle class going to get faster medical care with less money ?

Dude you miss the opt-out part?
You only pay 10% income tax, that means you keep more of your HARD EARNED money

How are they going to have more money ? Since the flat tax would gut most of the government due to less tax revenue, people would still have to pay for everything directly out of their pocket. they will end up paying more because since the government isnt there to regulate anything any more prices will go insane and government services are now done by private corporations.
Seems like a real savings.

Originally posted by gorgi
Competing currencies are a disaster. Care to explain how it would be good? No actual economist would agree with you so I am curious to see how you spin it.

There's no spinning, we've already used gold certificates and silver certificates in the past
This is just bringing back what once already was.

Also if you look at history paper money always ended badly, this is fact
currencies based on gold or silver would not face the same fate because it's not centrally governed.

Also a currency standard that the people have control over always allows the people to keep Govt. in check
Right now you are promoting secrecy where you support a system where you have no idea where your money goes.
Where your money goes includes both tax money and printing money that causes inflation
Because even inflation is a tax, Bernanke himself agrees with this.

Paper money does not end well. the Dollar is backed by the US government. We are the reserve currency of the world and the largest economy and the only super power. Even less powerful countries currencies are doing fine ie GBP.

How am I promoting secrecy ?

Originally posted by gorgi
There is no secret inflation. Is it hidden that no one knows about ? If inflation is secret and hidden than it really cannot hurt us. The inflation rate is at a healthy rate and there is no soon to be hyper inflation either.

That's insane, do you know how many poor people there are?
Do you know how many people can't afford food?
Do you know how much healthcare costs now and how much it costed long ago?
Are you a smoker? Remember how much cigarettes used to cost and how much they cost now?

Food prices are rising because gas prices are high. I do not smoke. I never check the price. I just know NY has a huge tax on them. And the cost of cigarettes is mainly taxes. Its called a sin tax.

reply to post by gorgi

Tell me how it would be good to not have this ?

Seriously?

I can only imagine that you are young, impressionable, and must have taken an economics course recently. Otherwise, there aren't any such things as Fed apologists? Are there?

OK, so what would be good?

How about NOT having the Great Depression? Or Great Depression II? Both Fed-caused.

(They're not our friend. Go back to Keynes. He is famously quoted as explaining what central banks are about: Confiscation of wealth by the few, from the many, through dishonest means.

Further, this leads to a continuing concentration of wealth among a privileged elite. (VERY dangerous.)

Central bank control is a COMMUNIST thing by the way, in case you feel up to some research. Planned economies. Slavery for us proles.

Oh yeah, no doubt the text book today says that's actually "freedom".

No real benefits, LOTS of serious problems.

Fed

reply to post by gorgi


btw Ron Paul has been saying since the bailouts and stimulus(overspending) packages that these will hurt the middle class and only promote short-term benefits

Article from Today, MSNBC
Recovery at risk as jobs and housing stumble

Following a report Tuesday that home prices have now tumbled further from their peak than during the Great Depression, there was evidence Wednesday that the economic rebound from the worst recession since World War II may be sputtering.

www.msnbc.msn.com...

So I don't know what you are talking about when you mention benefits