Rep. Ron Paul (R-Texas) sparked the movement to “audit the Fed.” Now he might get his way.
Rep. Spencer Bachus (R-Ala.), chairman of the House Financial Services Committee, announced Thursday that Paul will chair the subcommittee that oversees the Federal Reserve.
Paul’s monetary policy manifesto, "End the Fed," foreshadows the direction his oversight responsibilities might head in the next Congress.
House Financial Services Committee hearings are going to be fun!
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
ReplyDeleteHenry Ford
“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale”
Thomas Jefferson
“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented. Banking was conceived in inequity and born in sin... But if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit .”
I love that Jefferson quote.
ReplyDelete