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.
Everyone knows how comically terrible government accounting is, but few people may realize just how bad it's gotten... This infographic shows how trillions of dollars of government money has gone missing money over the last several years. And what's worse... that no one seems to care where it went...
It's amazing what some people will do out of sheer boredom. Investors, for example, will often throw money around, simply because they have nothing better to do - as if making MORE moves automatically translates to MORE money. Today, Chris Mayer explains why this emotion is so dangerous and how staving it off can save you a ton of money...
When a big company IPOs, investors can hardly contain their excitement. In a flash of exuberance, they throw money at a company they've already decided is worth something... even if the market hasn't made up its mind yet. Today, Jonas Elmerraji explains how one simple word can change the fate of every IPO investor. Read on...
Think it's impossible to escape the throes of Obamacare? Think again. Today, Chris Campbell relays the story of one man was able to get out from under the (un)Affordable Care Act, and how you can do it too. Don't see another doctor, take another pill, or shop around for better medical insurance until you read his story...
For the last few days, the market has been buzzing with excitement over the Alibaba IPO. Well, the day is finally here. And while some investors line up with their lotto tickets, ready to snatch it up no matter what the price, Greg Guenthner suggests a slightly more restrained approach. Read on...