Ron Paul Opening Statement - Federal Reserve Subcommittee Hearing - May 8, 2012

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Rep. Ron Paul (R-TX) chaired a House Financial Services Subcommittee hearing on six legislative proposals that either reform or suggest abolishing the Federal Reserve System.

• Category

  News & Politics

[newsworthyable]

If no one has been prosecuted but everyone knows the crime of fraud has been perpetrated, how far up the ladder does this corruption go? Are the Foxes running the hen house? Are the crooks at the top? It seems so. Please someone tell me otherwise. If this is so, then where the hell is the Calvary??? Someone better get off their asses and throw the guilty ones in jail and get back peoples money and homes PRONTO!!! Vote Green Party USA 2012 "Stein and Honkala 2012" Peace, Truth, Justice, courage!

[BarelyClever]

You misunderstand me. He will win, be it by being correct or by literally winning or by getting the youth to take over the nation from the corrupt. There is no losing now, only how long it will take to win.

[LastSurvivor0064]

THATS MY BOY

[Phalinex]

Gold was $276 p/o in 2001, houses have gone down since then. Cars and costs of living is similar, but gold has gone through the ozone layer. Anyone who thinks that gold will keep rising for ever is an idiot. If the dollar is loosing value then how is it that so many more Americans own houses and cars than they did one hundred years ago? If you want to stay panicked keep buying gold, but don't cry when you loose your money. Gold production costs about $400 p/o anything over that is pure profit.

[dragsterf]

You realize....that if someone had traded all of their dollars for gold when the federal reserve was first created...I would bet it would be worth just a weee bit more :),

The dollar has lost 98% of its buying power since 1913 compared to gold

[silberweiss73]

Wake up, Americans! The Fed belongs to private banks, you have been robbed blatantly since the Federal Reserve Act signed by President Wilson in 1913. Only a new "American revolution" can prevent them to destroy your democracy and economic freedom!

[dennoose]

The federal reserve is a private entity not part of the government what so ever, and yes Dr Ron Paul wants to end it