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 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.
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.
I’m concerned for his life.
Historically, presidents who have opposed a central bank have met with attempts on their life.
And without RP who do we have?
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!
Don’t forget both Lincoln and Jackson as well…
If RP is successful, what happens when asia redeems their bonds for metal?
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.
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
>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.)
Melt values of US coins.
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.
For of all John Law’s faults, he at least understood that he who holds hard assets wins the day. Addison took the liberty of grafting supporting evidence together from his book with Bill Bonner, Financial Reckoning Day. Read on to see how originators of some of the worst ideas can give us some good ones too...
Is arthritis really genetic or is there something else at the root of it? Stephen Petranek lays out the compelling science and a disturbing connection between red meat and arthritis.
Our friend David Stockman took to the airwaves yesterday to deliver one message: The “ill gotten” stock market gains of the last few years are going to end badly. When they do, it will be America’s long-awaited day of reckoning…
The Greek stock market is down 36% year to date; the risk of global contagion in the event of a Greek exit is very real. Ordinarily such a crisis would require a massive coordinated effort from global stakeholders, perhaps directed by the IMF or some other pan-national financial body. But not in this case. Mark O’Byrne has the full story…
Remember, the great commodity boom took more than a decade to play out. Prices skyrocketed across the board. But what goes up must eventually come down. Gold and silver lost their wings in 2013. Copper went into a death spiral late last year. And I don't have to tell you what's happened with oil over the past six months...