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Full Video: Ron Paul's Domestic Monetary Policy Subcommittee Hearing 6/1

Update 5:Full Hearing YouTube (thanks Minnesota Chris)


Update 4: More YouTubes below - thanks JohnnyBravo:

Ron Paul vs. Fed Secrets:


Fed vs. Foreign Loans:


Update 3: Link to full hearing:

Update 2, via Twitter: I'm told CSPAN2 will replay the hearing (now in progress) tonight at 8:45 pm EST and again at 1:05 am EST

Update 1: Per Ron Paul's twitter account: Today's hearing is delayed until about 3pm, after the next series of votes on the floor.

Thanks again to Minnesota Chris:

Ron Paul's Domestic Monetary Policy Subcommittee will hold a hearing on Wednesday 6/1 at 2:00pm ET:

Federal Reserve Lending Disclosure: FOIA, Dodd-Frank, and the Data Dump

Wednesday, June 1, 2011 2:00 PM in 2128 Rayburn HOB
Domestic Monetary Policy and Technology


  • Mr. Scott G. Alvarez, General Counsel, Board of Governors of the Federal Reserve System
  • Mr. Thomas C. Baxter, Jr., General Counsel, Federal Reserve Bank of New York

Submit a Question!

According to the committee website, the live webcast will be here:


And should also be on C-SPAN

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did you say redacted sir?? We didn't see that information as relevant to saving our hides. We are hiding nothing as you can tell by the pages which themselves show nothing or show the 19% of stuff that is least incriminating. The other 81% was just shopping lists and miscellaneous receipts, could you imagine the jail cell you'd be in if you complied 19% with the IRS? Yeah well the other 81% of my records I figured weren't important enough for you guys to see, gotta go to war now call me with any questions. RP knocking them over like the bowling pinheads that they are.

9/11 was an inside job .....time to get some answers..RP 2012

SteveMT's picture

After watching this hearing, this is what comes to mind:

"This is Ron Paul Speaking"

Watch the Fed Boys ...

Squirm and fidget.

This will get much, much worse for them.

Stayed tuned ...

Ron Paul is a wise man

he does not make enemies with someone unless he has to. He does not make enemies with the man,but with the policy.It is a smarter way to fight policy.Ron Paul cannot simply make one swift move against the federal reserve when obviously the Federal Reserved board put those 2 clowns in a position to be strawmen....Ron Paul is trying to figure out or get some leverage on the Federal Reserve without throwing too many punches all at once.Why should Ron Paul empty all his political leverage at once when he can hide his deck of cards until one of these clowns cracks.

Excellent points & we should all learn

from this strategy. Rather than going off half-cocked half the time. Thank you for this analysis.

Phil. 4:13

Too damn polite.

It's a great thing no doubt but when you're dealing with banksters, you have to be an asshole.

Being an asshole ...

... surrenders the victory to the other guy.

completely PATHETIC

Sorry guys, but if this is any indication. Ron Paul has NO CHANCE OF WINNING THE PRESIDENCY.

You do not make these bastards feel like apologisits, but PROSECUTE them. Accepting their half assed cover up is like the West negotiating with Hitler.

Never liked Karl Denninger attacking Ron Paul, but I'm begging to think he's right. Like the tea party, RP has no balls, and I'm very dissapointe to say this.

Arrogance Defined: Goldman Sachs

Will someone just break these bastards up - or close them down?

“We did not ask them to pull up a dump truck to our offices and dump a bunch of rubbish,” said Angelides, 56, who previously served as California’s

I must presume ...

... that you prefer to start sex with the orgasm part.

Doing it your way will leave an empty hole with no satisfaction and no way to return.

It is necessary to lay the groundwork first, so that Miss Liberty will want more.

From Karl Denniger post

Not that I'm privy to the specifics...but would this not make sense!

Glass-Steagall: Where Are The Tea Partiers And Republicans?

Gee, Marcy Kaptur introduces this, and where are the sponsors?

Roscoe Bartlett [R-MD6]
John Conyers [D-MI14]
Danny Davis [D-IL7]
Marcia Fudge [D-OH11]
Jesse Jackson [D-IL2]
Walter Jones [R-NC3]
James McDermott [D-WA7]
James Moran [D-VA8]
Kurt Schrader [D-OR5]
Louise Slaughter [D-NY28]
Edolphus Towns [D-NY10]
Maxine Waters [D-CA35]
Lynn Woolsey [D-CA6]

Where's Ron Paul in this list? Bachmann? Anyone with an "R" after their name?

What does this bill do? Put Glass-Steagall back in force. That's all. The text is refreshingly short and not difficult to understand at all.

To repeal certain provisions of the Gramm-Leach-Bliley Act and revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so-called "Glass-Steagall Act", and for other purposes.

The text begins with:

(a) Wall Between Commercial Banks and Securities Activities Reestablished- Section 18 of the Federal Deposit Insurance Act (12 U.S.C. 1828), as amended by section 615(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is amended by adding at the end the following new subsection:

You keep hearing about how the "Tea Party" is about fiscal responsibility and capitalism. Well, if so, where's their support of this? Why isn't this bill on the floor right now, being debated and passed with broad, near-unanimous bipartisan support?

I'll tell you why: You are being conned America - AGAIN.

Arrogance Defined: Goldman Sachs

Will someone just break these bastards up - or close them down?

“We did not ask them to pull up a dump truck to our offices and dump a bunch of rubbish,” said Angelides, 56, who previously served as California’s

I assume Ron Paul would

I assume Ron Paul would believe government should not regulate the two in such a way. Because, in the end, if we don't bailout, prop up or save banking and investment firms regulation would not be needed.

Denninger wants to go back to 1994. Ron Paul wants to go back to... well never. That's why it's called a revolution.

The best REGULATOR is an ECONOMY with no BAILOUTS.

agreed. Why should there be

agreed. Why should there be a govt solution to it? I always thought Glass-Steagle was the problem.


Glass-Steagle introduced moral hazard by creating an apparently safe system with government guarantees if anything should go wrong. Ron Paul voted against repealing Glass-Steagle because it essentially extended those guarantee's to investment banks, thus increasing the moral hazard. The country got taken to the cleaners because we believed everything was well regulated and nothing could go wrong.

Now, rather than reinstating Glass-Steagle and continuing the moral hazard with just the commercial banks and therefore leaving another generation of Americans to think they have nothing to worry about because the government is taking care of everything, Ron Paul favors getting the government out of the business of creating moral hazards in the first place.

i liked the last 5 or so

i liked the last 5 or so minutes when Ron Paul really starts to go at them... but that's it. the rest was pretty awful

"My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline."
- Ludwig Von Mises


what do you expect. those guys are strawmen and Ron Paul knows it. They need to be subpoenaed

txbluebonnet's picture

Must agree. I was a little

Must agree. I was a little disappointed in the beginning. Dr. Paul needs an Alan Grayson on his committee. Now there was a partner. Alan couldn't be snowed. He went straight for the jugular.
Since there was a limited time to get questions asked and answered RP should have been a stronger time keeper. The rule of questions needing to be kept short, answered as quickly as possible and no repeating over and over, like that guy was doing...he meant to be eating up time. He didn't want RP's turn to come around too quickly. Dr Paul did get in a couple of good questions and points there at the end....he was happy about that.
I wonder if he had any say as to who was on his committee. There was only one person that seemed truely concerned with it all and expressed himself very well in saying the American people are just plain leery of the Fed! We do need to "End The Fed", but most people don't even know what the Fed's job is

Grayson was an idiot

Sure he had supporters
He didn't get re-elected though

in any case 90% of what he did outside of the Fed issue was partisan bickering

All he did was complain about the right but never offer any solutions.

he was horrible aside from his Fed Quest.

That was painful to watch

I was REALLY hoping for at least one gotcha moment that (sadly) never came.

Let me break it down...

Clay, Maloney and Green put on a pathetic display, fellating the Fed before allowing them to fellate themselves, hoping that would put an end to constituents constant and annoying inquiries about the Fed. And, once the suck-fest was over they skedaddled for a much needed smoke break.

Jones did little more than raise the point that people are waking up and are unhappy with the Fed. His ill-attempt to question the Feds favor to big business over the little guy fell flat.

And that leaves Ron Paul. I really love the guy and I understand its just part of his honest nature but man... it's times like these I just wish he could dig deep and find his inner prick lawyer, who doesn't easily show his cards and can flesh out the embarrassing truth or call out a lie. For example, that Fed lawyer almost pissed himself he was so happy - he couldn't wait to give an answer regarding foreign bank lending... "Yes, chairman Paul. Thank you for that question...Section thirteen, paragraph fourteen of the Federal Reserve Act says..." Grrrrr...

Needless to say I just wish this meeting would've gone very differently.

If men are good, you don't need government; if men are evil or ambivalent, you don't dare have one.

Youtube Link Guys


Awesome username!

If men are good, you don't need government; if men are evil or ambivalent, you don't dare have one.

Youtube Link Guys

This one is on Foreign Loans

The Gentleman Doctor Congressman Ron Paul.

"I would advise the members that the mics that we have improvised are alive all the time so be careful when you say when you think the mic is off, I imagine that is true down there as well."

Kind of like him saying. I know you are all criminals as well as the other congresspersons sitting next to me so please just have a philosophical debate with me.


how about giving the gold back to the people. Our guy pulling no punches and taking no prisoners. Priceless!! Like bowling pins they fall and new people are converted daily. End The Fed RP 2012

9/11 was an inside job .....time to get some answers..RP 2012

I'm so pissed about this

I'm so pissed about this hearing that I disagree with you. Dr. Paul with all his knowledge and experience sounded like he was bemoaning and whining the question about Why not give the gold back to the people. I really expected more clout here.

Ron Paul went hungry this afternoon...

... because Alvarez ate his lunch. Absolutely pathetic performance by RP, babbling on and on in his opening statement after rightly noting that the hearing's time would be cut short, then asking (sort of) an ill-focused open-ended question about some obscure and esoteric minutia that Alvarez actually knew something about.

What happened to the questions from the public? What happened to the questions posted here or on ZeroHedge?



What happened to Alan Grayson?

(I know he lost his reelection bid)


Having Grayson interacting as well always drove the energy up.

SteveMT's picture

Ron Paul on FOX Business:Runaway Govt. Spending, Economy

Rep. Paul on Runaway Government Spending, Economy
1 hour ago - FOXBusiness 7:35

Rep. Ron Paul, (R-Texas), on the sluggish economic recovery and the need to rein in government spending.