9th Hearing - Domestic Monetary Policy & Technology (10/4/2011)
October 4th, 2011
On Tuesday morning, Chairman Ron Paul held the ninth meeting of the House Financial Services subcommittee on Domestic Monetary Policy and Technology, entitled: “Audit the Fed: Dodd-Frank, QE3, and Federal Reserve Transparency.” This hearing is perhaps the most important one of the Congressional session to this point, but ironically Fed chairman Bernanke was being grilled concomitantly in the full committee- so the media surely paid little attention. This hearing was split into two panels- the witness to the first being Ms. Orice Williams Brown (Managing Director, Financial Markets and Community Investment, Government Accountability Office). The second panel witnesses included Dr. Robert D. Auerbach (Professor of Public Affairs, Lyndon B. Johnson School of Public Affairs, University of Texas, Austin) and Dr. Mark A. Calabria (Director of Financial Regulation Studies, Cato Institute). The subcommittee lasted just over 90 minutes- and the government remains incapable of providing decent audio quality for the archives. The audio is particularly distorted throughout the first 15 minutes (I will be working on improving it), but becomes more listenable after that. Following the hearing, the GOPFinancialServices YouTube channel released a "Behind the Scenes" video of Dr. Paul discussing the subcommittee and the Audit the Fed legislation (begins at 1:32:24, after dismissal).
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8th Hearing - Domestic Monetary Policy & Technology (9/13/2011)
September 13th, 2011
On Tuesday afternoon, Chairman Ron Paul held the eighth hearing of the Subcommittee on Domestic Monetary Policy and Technology, entitled: “Road Map to Sound Money: A Legislative Hearing on H.R. 1098 and Restoring the Dollar.” The two expert witnesses were Dr. Lawrence M. Parks (Executive Director, Foundation for the Advancement of Monetary Education) and Dr. Lawrence H. White (Professor of Economics, George Mason University). Video of the hearing can be found through the House Financial Services Committee website. Oddly, the audio quality starts to deteriorate around halfway through the hearing, particularly when Dr. Parks starts discussing JP Morgan and the $600 trillion in derivatives (not the first time, mind you). An excellent discussion of sound money, and even fractional reserve banking- if you can listen through the distortion. Email me if you know of a method in which the kind of audio disruption heard during the committee could be inserted into the audio incrementally.
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7th Hearing - Domestic Monetary Policy & Technology (7/26/2011)
July 26th, 2011
On Tuesday afternoon, Chairman Ron Paul held his seventh hearing of the House Financial Services subcommittee on Domestic Monetary Policy. The hearing, entitled “Impact of Monetary Policy on the Economy: A Regional Fed Perspective on Inflation, Unemployment, and QE3” featured testimony from the outspoken President of the Federal Reserve Bank of Kansas City- Dr. Thomas M. Hoenig. Very interesting hour-and-a-half of audio. Dr. Hoenig speaks about the ongoing threat of (being hostage to) the too-big-to-fail banks! The Democrats on the subcommittee a still trying to justify TARP for Lord Obama.
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RP Questions Bernake at House Financial Services Committee ( 7/13/2011)
July 13th, 2011
Congressman Ron Paul questioned Federal Reserve Chairman "Helicopter Ben" Bernanke in a U.S. House Financial Services Committee Meeting on Wednesday, shortly after reports surfaced that the Fed was preparing for a third round of quantitative easing. Opening statement and questioning. Video compliments of YouTube User: morphzealand.
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6th Hearing - Domestic Monetary Policy & Technology (6/23/2011)
June 23rd, 2011
Chairman Ron Paul held his sixth subcommittee of the Committee on Financial Services hearing on Thursday, at a hearing entitled: “Investigating the Gold: H.R. 1495, the Gold Reserve Transparency Act of 2011 and the Oversight of United States Gold Holdings.” The committee meeting took place in the Rayburn House Office Building, and the expert witnesses on the panel included the Honorable Eric M. Thorson ( Inspector General, Department of the Treasury) and Mr. Gary T. Engel (Director, Financial Management and Assurance, Government Accountability Office). The hearing started off slow, but the line of questioning turned to the IMF's gold holdings, and whether or not US deep storage gold truly belongs to the American people! Take a listen and judge for yourself! Props to Rep. Blaine Luetkemeyer (R-MO) for exploring beyond the "definitive" statements of the Mint.
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5th Hearing - Domestic Monetary Policy & Technology (6/1/2011)
June 2nd, 2011
On Wednesday, Chairman Ron Paul held the fifth hearing on domestic monetary policy, entitled: "Federal Reserve Lending Disclosure: FOIA, Dodd-Frank, and the Data Dump." The hearing, held as part of the House Committee on Financial Services, was aimed at the process and potential of receiving more data on the Federal Reserve's bailouts throughout the financial crisis and the ensuing recession. Sitting on the panel as guest experts were Mr. Scott G. Alvarez (General Counsel, Board of Governors of the Federal Reserve System) and Mr. Thomas C. Baxter, Jr., (General Counsel, Federal Reserve Bank of New York). With the exception of Dr. Paul and Rep. Walter Jones, the rest of committee members seemed to be pitching softballs to the panelists, so they could tell us how transparent the Fed is and how their emergency operations were great (and cost-free) for all Americans! For a group of supposedly anti-Wall St. hardliners, the Democrats sure take it easy on the Fed's PR lackeys! The Dems have apparently lost all of their fury at the bankers to instead try and make Obama, Geithner, et-al look worthy of another four years. With liberals like these, who needs neocons?
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Ron Paul at House Foreign Affairs Committee: Libya (5/25/2011)
May 25th, 2011
Congressman Ron Paul addressed the Foreign Affairs Hearing on the continued hostilities in Libya and the War Powers Resolution. Bonus audio: Rep. Justin Amash (R-MI) statement in same hearing. Video compliments of YouTube User: CongressmanRonPaul.
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4th Hearing - Domestic Monetary Policy & Technology (5/11/2011)
May 11th, 2011
On Wednesday morning at the Rayburn House Office Building, Chairman Ron Paul held the fourth meeting of the Subcommittee on Domestic Monetary Policy and Technology. Dr. Paul's hearing is a sub-committee of the larger House Financial Services Committee; and this file contains the hearing in its entirety. Today's sub-committee was entitled: “Monetary Policy and the Debt Ceiling: Examining the Relationship Between the Federal Reserve and Government Debt." Panelists included Dr. Richard Ebeling (Professor Economics, Northwood University), Mr. Bert Ely (Ely & Company, Inc.), and Dr. Matthew J. Slaughter (Dean, Tuck School of Business, Dartmouth College).
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3rd Hearing - Domestic Monetary Policy & Technology (4/7/2011)
April 7th, 2011
Chairman Ron Paul held his third hearing for the House Financial Services Subcommittee on Domestic Monetary policy on Thursday morning. The hearing was entitled “Bullion Coin Programs of the United States Mint: Can They Be Improved?” Guests on the advisory panel included: Ms. Beth Deisher (Editor, Coin World Magazine), Mr. Terence Hanlon (President, Dillon Gage Metals Division), Mr. Ross Hansen (Founder, Northwest Territorial Mint), and Mr. Raymond Nessim (Chief Executive Officer, Manfra, Tordella & Brookes, Inc.).
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Ron Paul at House Committee on Foreign Affairs (3/31/2011)
March 31st, 2011
Congressman Ron Paul made a brief opening statement at Thursday mornings House Foreign Affairs Committee, regarding the goals and constitutionality of the ongoing militarism against Libya. His remarks were directed at Deputy Secretary of State James Steinberg. Video was available via C-SPAN, approximately 30 minutes into the hearing.
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2nd Hearing - Domestic Monetary Policy & Technology (3/17/2011)
March 17th, 2011
Dr. Ron Paul's House Financial Services Subcommittee on Domestic Monetary Policy held its second hearing Thursday at 10am eastern. The subject of the panel was "The Relationship of Monetary Policy and Rising Prices." The three witnesses were Lewis E. Lehrman, James Grant, and Professor Joseph T. Salerno. This was an interesting, yet sparsely attended hearing- the minority's ranking member didn't even show up! But the incessant buzzing is unfortunately still present in the audio recording of the entire hearing. Video of the entire hearing can be found here.
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Ron Paul at House Financial Services Committee (3/2/2011)
March 3rd, 2011
Congressman Ron Paul took his five minutes at the House Financial Services Committee to confront Fed Chairman Ben Bernanke on monetary policy, and says that Fed policy has not helped to stabilize the economy over the last 30 years or so. Paul asks how the Fed can manage monetary policy if it doesn't have a definition for a dollar. And, he adds, gold is the true long-term measurement of value. Live coverage of the hearing was provided by CNBC.
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Rep. Paul at House Foreign Affairs Committee (3/1/2011)
March 1st, 2011
Ron Paul questioned Secretary of State Hillary Clinton during a meeting of the House Foreign Affairs Committee on Tuesday. The Congressman pointed out the duplicitous nature of US foreign policy, and our tendency towards ignorance of the unintended consequences of our actions. Dr. Paul reminded Madame Secretary that : "sometimes we support the bad guys." Video available thanks to YouTube User: CongressmanRonPaul.
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1st Hearing - Domestic Monetary Policy & Technology (2/9/2011)
February 13th, 2011
Rep. Ron Paul (R-TX), the new Chairman of the Subcommittee on Domestic Monetary Policy and Technology, held his first hearing today on the Federal Reserve and its effect on the unemployment rate. True free-market, Austrian economists were summoned to the subcommittee by Dr. Paul, including Thomas DiLorenzo (Professor of Economics, Loyola U.) and Richard Vedder (Professor of Economics, Ohio U.). Josh Bivens of the left-leaning Economic Policy Institute, in contrast, offered a Keynesian analysis of the recent economic crisis. The panel addressed the effects of the so-called "Quantitative Easing" and concluded that sustainable job growth can not be achieved through the printing press. The hearing, entitled “Can Monetary Policy Really Create Jobs?”, is available here in its entirety for download at your convenience. The audio quality is somewhat poor all across the internet, including in the original video on the House Financial Services website. I tried to remove the constant buzzing sound from the audio as best I could- maybe someone doesn't want you to hear this!
Having taken in this hearing in its entirety, it is clear that this subcommittee will provide unique insight into the way the monetary authorities have slithered their way into total control of this republic. Advocates of the central bank cherry pick facts and figures to support their outrageous policies, which they spin through the PR machine and present a reasonable sounding front to an economically ignorant public. They then accuse you of doing exactly what they do! As good American students (who mindlessly memorize and repeat facts and figures) do, the conventional wisdom descends from on high to be repeated without question of the original premise. It doesn't take long to conclude that the Democrat caucus has been carefully selected for the task of being apologists for the status-quo, and lackeys for the private Federal Reserve. The ranking minority member, William Clay Jr (D-MO), is an open minion of the dastardly Southern Poverty Law Center who most likely received his line of "questioning" from the Fed and the SPLC. Clay, along with Al Green (D-TX), will almost certainly use the controversial Community Re-Investment Act to bring race into the discussion on monetary policy. This file is a must listen!
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Dr. Paul at House Financial Services Committee (1/26/2011)
January 27th, 2011
On Wednesday, Congressman Paul discussed congressional spending and the Fed's monetization of debt as the House Financial Services Committee convened. Dr. Paul explained how the Federal Reserve is "the great facilitator" of big government. Whether it is cradle-to-grave welfare or a military empire, only a central bank enables the imagination of the statist! The conference was entitled "Promoting Economic Recovery and Job Creation: The Road Forward" and the Congressman questioned Dr. William Poole- distinguished Business & Economics scholar from the U. of Delaware.
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House Financial Services Hearing (7/22/2010)
July 23rd, 2010
On Thursday, Dr. Paul talked about the failure of government intervention in his opening statement, and then questioned Fed chairman Ben Bernanke during a House Financial Services Committee meeting. In the second portion of the hearing, questions were leveled at economist and Federal Reserve historian, Dr. Allan Meltzer.
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Financial Services Hearing on Coinage (7/20/2010)
July 21st, 2010
On Tuesday, Congressman Paul discussed coinage and asked questions of the director of the U.S. Mint and the president of the Diamond State Depository during a hearing on "The State of US Coins and Currency." Dr. Paul pointed out that paper money breeds inflation and destroys the value of currency.
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Ron Paul Addresses Joint Economic Committee (7/14/2010)
July 17th, 2010
On Wednesday, Congressman Paul discussed the business cycle and government contributions to our economic turmoil at the Joint Economic Committee hearing. He urges honesty from the JEC- that the people can handle the truth about unemployment and inflation numbers. Real unemployment is at 22% and real inflation is at 6% according to the original method of measuring the CPI.
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Ron Paul at Conference Committee on Financial Reform (6/16/2010)
June 17th, 2010
Congressman Paul addressed the House Financial Services Committee once again, in a last ditch effort to include a full audit of the Federal Reserve to the massive financial regulations package. As the American people demand transparency and an audit of the fed, the bankers and the Wall St. lobby look as if they have just enough votes to block the measure. Contradictory reports are surfacing regarding the audit at this time. Stay tuned!
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Ron Paul at House Financial Services Hearing (5/20/2010)
May 23rd, 2010
Congressman Paul spoke at the House Financial Services subcommittee hearing on The Role of the International Monetary Fund and Federal Reserve in Stabilizing Europe.
He also questioned Federal Reserve Board of Governors member Daniel Tarullo and observed how continual bailouts help the big banks and the well-connected at the expense of the taxpayer.
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Ron Paul vs. Ben Bernanke at JEC Hearing (4/14/10)
April 15th, 2010
Congressman Ron Paul questioned Federal Reserve Chairman Ben Bernanke at the Joint Economic Committee hearing: “The Economic Outlook”. Topics of discussion included debt monetization, the Greece bailout, and where all that money is coming from.
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Dr. Paul at the House Financial Services Committee (3/25/2010)
March 27th, 2010
In addition to his exchange with Ben Bernanke at Thursday's House Financial Services hearing, Congressman Ron Paul also questioned Laurence Ball, Larry Meyer, Marvin Goodspeed, and John Taylor about inflation, monetizing the debt, and government's role in the value of money.
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Rep. Paul questions Geithner in Committee (3/23/2010)
March 24th, 2010
During a House Financial Services Committee hearing on Tuesday, Congressman Paul questioned Treasury Secretary Timothy Geithner on Austrian economic theory and government's creation of moral hazard.
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Ron Paul at House Financial Services Committee (3/17/2010)
March 19th, 2010
Ron Paul attacks the Federal Reserve’s price fixing activities in his opening statement at the House Financial Services Committee hearing on bank supervision and monetary policy. The Congressman then questioned Federal Reserve Chairman Ben Bernanke on interest rates and the boom-bust cycle.
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Congressman Paul at House Foreign Affairs Committee (3/4/2010)
March 9th, 2010
Ron Paul spoke out in opposition to a resolution in the House Foreign Affairs Committee that would recognize as “genocide” the mass killing of Armenians by Ottoman Empire forces during World War I.
The Congressman argued that America should remain neutral on the subject and let the involved countries work it out themselves. He then encouraged other opponents of the resolution to apply their non-interventionist position not just to the past, but also to the present and the future.
The resolution was later approved 23-22.
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