Rocky Vega

This morning, Dr. Ron Paul (R-TX) held his first interview since being appointed chair of the House Monetary Policy Subcommittee. From what he says in the video below, he’s going “to think things through and not overdo things too soon,” but ultimately plans to stick to his guns, and “emphasize the oversight of the Federal Reserve.”

He also points out why he views his new role as important in these times…

“Obviously, it is very popular with the American people to audit the Fed and know what they’re doing when they can spend trillions of dollars and we don’t know where it goes. They have a bigger budget; they spend more money than the Congress does. Yet, we have no oversight. It was never intended that a secret body like this could create money out of thin air spend to take care of some banks and big business and foreign banks and the American people struggle? We have to look into it and we have to start to consider reforms.”

You can see and hear more details in the clip below, which came to our attention via Bloomberg Television in its recent exclusive interview with Ron Paul.

Rocky Vega

Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let?s Go Publications, Harvard Student Agencies, and The Harvard Advocate.

  • CommonCents

    I hope Ron Paul can fulfill his agenda. Auditing the Fed and eventually ending it. But, I fear for his well-being when threatening the Feds very existence.

    I hope he treads softly and carries a big stick.

  • Parnasus

    I’m concerned for his life.

    Historically, presidents who have opposed a central bank have met with attempts on their life.

  • JRod

    And without RP who do we have?

  • John

    JFK and his early demise comes to mind here, the FED is the biggest racket ever conceived and it’s all right under our noses. Ron Paul, may the Good Lord protect you cause there’s a reason why they call ‘em Banksters!

  • Parnasus

    Don’t forget both Lincoln and Jackson as well…

  • Digital4u2

    If RP is successful, what happens when asia redeems their bonds for metal?

  • gman

    After seeing this video, for the first time in a quite a while, I’m actually somewhat hopeful about the future of this country. I am also fearful for his life though. There does seem to be a strong historical correlation between leaders loosing life when going up against the money printers.

  • Kansas Crude

    The Asians are already using the metals markets to offload their T-Bills. Look at the physical metal flows into Asia and their activity in the futures markets and this is readily apparent.
    They remain smart traders and are not chasing the metals higher but keeping a firm bid under the markets and gradually increasing their offtake of physical, they also hedge the currency loss in buying power in the dollar with metal futures.
    THey are laughing at the Banksters and the Fed now as both attempt to suppress metal prices to support the dollar. Laughing all the way to the gold vault with their market price suppressed physical gold and silver. Playing us for chumps

  • Digital4u2

    >The Asians are already using the metals markets to offload their T-Bills.
    Yes. A concern would be the transfer of metals after a confiscation of citizens noble metal holdings.
    Too. Consider the melt value of the US “Nickel” coin. ($250,000 fine plus 10 years jail if exported or damaged.)

  • http://www.coinflation.com/ Digital4u2

    Melt values of US coins.

    Coinflation.

  • Nancy C. Powell

    God Bless Ron Paul…He speaks the truth…and how
    good that sounds…and God Bless his son..who also
    speaks the truth….I am grateful for his appointment.

Recent Articles

188 Stocks that Could Benefit from a Short Squeeze

Greg Guenthner

With the market hitting new highs all the time, many investors are beginning to think that a dramatic drop in stock prices is right around the corner. But while they continue to add short positions to their portfolios, you can take the opposite side of the trade and laugh all the way to the bank. Greg Guenthner explains...


Addison Wiggin
3 Ways to Identify Your Own Private American Oasis

Addison Wiggin

No matter where you live in the US, it seems like some federal employee has his hand on your wallet. That said, not all states are created equal in that regard. And so today, Addison Wiggin details which states offer you the least intrusive options when it comes to dealing with the various levels of government. Read on...


The One Number Every Penny Stock Investor Overlooks

Jonas Elmerraji

When it comes to investing in small companies with explosive growth potential, there is one number investors tend to be fixated on: share price. But as Jonas Elmerraji explains, there is another number that is far more important when it comes to discovering quality investments on the cheap. Read on...


Winners and Losers in the Battle of Economic Stupidity

Douglas French

A lot of people are buying to a lot of bad ideas right now, based on faulty logic or blindly following a political agenda. But if you ask the right questions, you can expose these ideas, as well as the people who support them, and show how silly (and stupid) they really are. Thankfully, one man has been doing just that for decades. Doug French explains...


The US Debt Crisis that Will Never Happen

Chris Mayer

One of the most heated political battles raging across the western world is debt versus austerity. In the U.S. this debate reached it's apex in 2011 when the U.S. credit rating was downgraded by Standard and Poor's. In today's essay, however, Chris Mayer throws the debate out the window, explaining why he thinks a U.S. debt crisis will never happen...


Smart Investments in the Mobile Revolution

Greg Guenthner

The world is obsessed with smartphones. Most people can't go ten minutes without checking their phone for status updates on Facebook or Twitter or any number of apps they happen to have. And while Facebook's stock continues to soar, it's only natural to wonder, "What's the best way to play this mobile revolution?" Greg Guenthner explains...