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Breaking: Ron Paul To Hold Hearings Tuesday to Reform or Abolish the Fed!

Perhaps this is why Ron Paul Might Catch on Next week!

Reform or Abolish the Fed?
Official press release:

Subcommittee to Examine Proposals to Reform or Abolish Federal Reserve

WASHINGTON - The Financial Services Subcommittee on Domestic Monetary Policy and Technology, chaired by Rep. Ron Paul, will hold a hearing on Tuesday to examine six legislative proposals that either reform or abolish the Federal Reserve System.

“More and more people are beginning to understand just how destructive the Federal Reserve's monetary policy has been. I hope that this hearing will kick start a serious discussion on the need to rein in the Fed,” said Chairman Paul. “100 years is far too long for Congress to have taken a hands-off approach. The Fed continues to reward Wall Street banks while destroying the dollar’s purchasing power and driving up the cost of living for average Americans. This reckless behavior must come to an end."

READ MORE
http://www.lewrockwell.com/blog/lewrw/archives/111374.html



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These are exciting times

!

Billy Jack's picture

That was fascinating.

That was fascinating. Remarkable just that it occurred.

Cos Cob, CT

cspan3

It is interesting that the

It is interesting that the Federal Reserve Banks did not want to accept their own Federal Reserve Notes. If a chef won’t eat their own cooking you shouldn’t either. For the job of controlling the Nations money supply, the Federal Reserve gets paid a fee known as Seigniorage. This fee is not paid to them in Federal Reserve Notes. They refuse to accept them as payment because they know they are worth nothing. They are paid in Gold Certificates which are redeemable for only one thing, GOLD! If gold isn’t real money, why is it important that it is the only payment the Federal Reserve will accept? Think about that, I mean really…think about it!

The whole conspiracy was sinister and slow. Take 1% of the Nations gold as payment every year so nobody will notice. 1% is a small amount for a year, however that only lasts 100 years before it is all gone. Remember the Federal Reserve Act was passed on December 23, 1913. That means that at or around December, 2012, the Nation will run out of gold to pay the Federal Reserve.

The Federal Reserve has suggested combining the currencies of Canada, the U.S. and Mexico into one currency called the Amero. You would be able to exchange your Federal Reserve Notes for Amero at 10 dollars for one Amero. Think about that! That’s a ten to one reverse split and it may even be 15 or 20 to one if they can get away with it. That would make your Federal Reserve Notes worth about a nickel, but then truly it already is against the real dollar.

It is only going to get worse and complete collapse of our economy is eminent."http://www.unexplained-mysteries.com/column.php?id=133253

The G20 summits are said to be focused on the next step when the dollar collapses; the IMF takeover of a global currency, the bankor. If this is the case, then they don't care if RP abolishes the FED, it was planned to be replaced by a larger entity in 100 years anyway.

RP R3VOLution

Everyone should pay close

Everyone should pay close attention to this issue... could be good, could be bad, could be just another distraction... Obviously certain members of the Committee will be pressing hard, but this isn't going to be easy, and the media will have to face us in the comments. Read up and refresh your memory on the Fed this weekend! Mises.Org has plenty of good reading...

Living Not Surviving


-IN PURSUIT OF LIBERTY-

Speaking of Mises.org

here are Must haves according to mises.org
https://mises.org/store/Ten-Must-Haves-C10.aspx

and for beginners
https://mises.org/store/For-Beginners-C9.aspx

and my favorite
Income Tax-The root of all evil
https://mises.org/store/Product2.aspx?ProductId=342

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Not liking these parts of RP's END THE FED bill

Do you how much more money can be stolen from us in a year's time? Why would RP put so much power into the hands fo Geithner and WHY would he assume all the liabilities of the FED?

(B) may take such other action as may be necessary, subject to the approval of the Secretary of the Treasury, to wind up the affairs of the Board and the Federal reserve banks

(3) ASSUMPTION OF LIABILITIES- All outstanding liabilities of the Board of Governors of the Federal Reserve System and the Federal reserve banks at the time such entities are abolished, including any liability for retirement and other benefits for former officers and employees of the Board or any such bank in accordance with employee retirement and benefit programs of the Board and any such bank, shall become the liability of the Secretary of the Treasury and shall be paid from amounts deposited in the general fund pursuant to paragraph (2) which are hereby appropriated for such purpose until all such liabilities are satisfied

what if the treasury repudiated the debt of the federal reserve?

They bought US treasuries, they are a private bank and the US treasury would just default and say they cant pay- no more federal reserve notes but money issued by the US treasury backed by gold!

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Here are the FEW stories on the END THE FED HEARINGS

http://www.cutimes.com/2012/05/04/ron-paul-gets-house-hearin...

http://www.politico.com/blogs/on-congress/2012/05/paul-to-ma...

http://www.lewrockwell.com/blog/lewrw/archives/111374.html

http://www.marketwatch.com/story/paul-led-panel-considers-fe...

and that's it- a 100 year "institution" is being discussed as a candidate for extinction by the Congress and media is more interested in Roger Clemens 2008 congressional appearance!

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I wonder if the Fed were shut down if the media would report

on it?

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or if Ron Paul won the nomination whether they would

notice...

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We Need to Change Business as Usual.

Washington needs to return to abiding by the Constitution. The Fed needs a full audit and then finally eliminated. The Federal Reserve. are the ones who started and continue this monetary mess that we are in here and around the world.

They should sell Ron Paul's END THE FED at rallies!

Everyone at the hearing should get a copy too

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This is HUGE news.

Until we change the way money works in this country, we change nothing. End the Fed!

Drudge should cover the END the FED hearings

what is the drudge email?

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Agree but while the END the FED hearings news has been out

for more than a few hours-there are no stories on it in the MSM other than one from politico to dismiss it as a "pet cause"

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Just the fact that this

Just the fact that this attention is being drawn to this issue, and it's being discussed in DC is fantastic! Go Ron Go! I wish I didn't have to work and could fly to DC and protest outside the fed or the Capitol or somewhere!

Anything on the Ron Paul 2012 site re End The Fed hearing?

Seems like Ron is keeping official business (the end the fed hearings) and campaigning seperate

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The Subcommittee’s hearing will take place on Tuesday,

The Subcommittee’s hearing will take place on Tuesday, May 8 at 10 a.m. in room 2128 Rayburn House Office Building.

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Will the MSM cover Ron Paul's END THE FED hearings on Tuesday?

Will at least CPAN cover it?

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At Tuesday's End the Fed Hearing HR 1094 will be discussed

H.R.1094 - Federal Reserve Board Abolition Act

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

http://www.opencongress.org/bill/112-h1094/show

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Unfortunately Ron Paul will be leaving congress this year

and giving up his chairmanship of the Financial Services Subcommittee.
I hope he passes the torch to another liberty minded congress person

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