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Video Update: Ron Paul Subcommittee Examines Proposals to Reform or Abolish Federal Reserve

Full Hearing Video - Part I

http://youtu.be/GXRaJRQVPSk

Part II below:

http://youtu.be/eU3ygeQUv_4

Complete Hearing Video from CSPAN Or here.

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.”

Calls for reforming various aspects of the Federal Reserve System have existed since its creation in 1913. However, with the onset of the financial crisis of 2008-2009 and during the prolonged recession, calls for reform have escalated.

The Federal Reserve responded to the financial crisis with unconventional monetary easing, leading some to claim the Federal Reserve attempted to do too much to stimulate economic growth and set the stage for sustained inflation when the economy recovers. Slow economic growth, however, has led others to argue the Federal Reserve has not done enough and must be more accommodative in its conduct of monetary policy.

The six proposals that will be discussed by the Subcommittee on Tuesday are:

  • H.R. 245, introduced by Rep. Mike Pence
  • H.R. 1094, the Federal Reserve Board Abolition Act, introduced by Rep. Paul
  • H.R. 1401, the Democratizing the Federal Reserve System Act, introduced by Rep. Marcy Kaptur
  • H.R. 2990, the National Emergency Employment Defense Act, introduced by Rep. Dennis Kucinich
  • H.R. 3428, introduced by Rep. Barney Frank
  • H.R. 4180, the Sound Dollar Act, introduced by Rep. Kevin Brady

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

Contact: Jeff Emerson (202-226-1490), Marisol Garibay (202-226-2467)

Live Stream Here (Lower left quadrant - 'Live Webcasts' link)



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Impressive and a Triumph

At the end, I could do nothing but smile with prideful gratitude for what Dr. Paul has accomplished.

Dr. James K. Galbraith was brilliant; Dr. Peter G. Klein was outstanding; Dr. John B. Taylor was intelligent and refreshing.

However, Dr. James K. Galbraith and Dr. Alice M. Rivlin, as systematic thinkers, were both disappointing and seemed unable to look at the evidence candidly.

Nevertheless, every American should see these videos and study them out. I believe the follow-up is Tuesday.

Sincerely, Joseph C. Carbone III; 11 May 2012

★”˜¨¯¯¨˜”ª¤(¯`*•.¸(¯`*•.. The Hon. Dr. Ron Paul for 2012 ..•*´¯)¸.•*´¯)¤ª”˜¨¯¯¨˜”★

11 May 2012

I Received a Carbon Copy, Sen. Feinstein Today

Sen. Feinstein would rather have self-proclaimed elitists, on the Federal Reserve Board of Governors to make secret decisions, that is, without transparency.

She said, “I have some concerns that a more expansive audit, including a review of monetary policy, could prevent the Federal Reserve's Board of Governors from making key decisions free of outside political influence.”

She illustrates her inability to grasp simple truths or her devotion to a corrupt system. Otherwise, we should support the Congress being disbanded because of political influence. Furthermore, they should take sovereign dictatorship of their regions.

Sen. Feinstein would rather be placed into position and be accountable to no person for critical decisions because she has an elitist disposition.

Additionally, she references the Dodd-Frank Wall Street Reform, but the fact is it does little to nothing to prevent the exact same behavior that has harmed so many lives.

---

Representative Barney Frank seems so disingenuous, very disappointed with his supposed Wall Street reform, which was showmanship and a mockery. I just do not know how these men and women get into such esteemed positions.

For example, he supports Sen. Dianne Feinstein who said, ‘If I could have gotten 51 votes in the Senate, for an outright ban to pick up everyone’s’ firearms, I would have done it.’ And, yet, her superior self has a concealed carry permit in California because she is an elitist, ignorant, and unfit to serve.

“We shall have lost something vital and beyond price on the day when the state denies us the right to resort to force.” Louis Brandeis, United States Supreme Court Justice, 1916 to 1939

To attempt the denial of such fundamental rights, is to set up a society the way Germany, in 1928, seemingly with good intentions, required its citizens to register their firearms. Then, in 1933, when Hitler was elected, he systematically disarmed the people using the registration list. And, in 1938, he knew exactly where to strike with little to no resistance.

Practically speaking, every human being deserves the right to physically protect him or herself, family, friends, and neighbors from predators.

And, to the issue of intellectual protection, during the subcommittee examination, Rep. Frank spoke of sinister, exclaiming there is no sinister disposition toward the people when private industry, directly related to profiting from the decisions of the Federal Reserve, makes the Federal Reserve’s decisions in private. How gross a profit does an institution have to amass or deprive from others before Rep. Frank cries out antitrust, sinister, against the people!

There were many entanglements of words when the issue is very clear, and a PhD is not needed to understand the difference between honest and dishonest practice.

Should the Federal Reserve be micromanaged, of course, and every action approved, which is the American constitutional way of checks and balances. We call it transparency, and it is something being lost more and more every day with a country being run by people who think they can classify anything they wish as secret, confidential, or restricted.

We have hope, and his name is Dr. Ron Paul.

Sincerely, Joseph C. Carbone III; 11 May 2012

★”˜¨¯¯¨˜”ª¤(¯`*•.¸(¯`*•.. The Hon. Dr. Ron Paul for 2012 ..•*´¯)¸.•*´¯)¤ª”˜¨¯¯¨˜”★

Ron Paul’s brother Wayne

It’s interesting that Ron Paul’s brother Wayne says that the Fed is private and that it ordered the Treasury to manage the US bankruptcy since 1933. Why should we take special note of what Wayne Paul says when he says that the Treasury, which is part of the administrative branch of the US government, takes its orders from the owners of the private Fed? Because some are saying, like Denis Kucinich (who says the Fed is private like the Federal Express)… that the solution is to “put the Federal Reserve under Treasury." But the Treasury takes orders from the private owners of the Fed and is under the administrative branch of the US government which means that congress (the people) still will not have control over the money.

Any calls to put the Fed under the control of the Treasury is a deception and will change nothing.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

Amazing

I watched both video's....I am always hungry for information. What is amazing to me is while I was watching the second video, I wondered to myself, would ANY of our Congressmen actually watch the video to get a better understanding of the Fed? Also, I was surprised to see that 2 of the witnesses said Abolish the FED, one witness said to seriously reform and start putting limits on what they could and could not do and 2 witnesses said basically that we had very serious economic problems but the FED was wonderful lol

Knowledge is power and after listening to Dr Paul for years, I believe that just plain old me understood that the last two witnesses were biased towards the FED and their rational didn't cut it.

Barney Frank made me so angry! He is a pompous, arrogant bully and I can not understand why Dr Paul doesn't realize that Barney is a BIG part of the problem of harmful regulations and I believe one of the biggest defenders of the FED. He is truly a traitor to the American people.

Dr.Paul is the boss!

Dr.Paul is the boss!

I cannot help but wonder...

...how many Romney supporters watched all of this...?? If you are here weigh in, we would love to hear your comments too. ;-D

If my need to be RIGHT is greater than my desire for TRUTH, then I will not recognize it when it arrives ~ Libertybelle

HR 245 - Good HR 1094 -

HR 245 - Good
HR 1094 - Suicide
HR 1401 - Potentially bad due to the stonewalling of an evenly divided FOMC
HR 2990 - Bad - US notes have no interest attached hence no mechanism to prevent hyperinflation
HR 3428 - No effect either way
HR 4180 - Potentially good

You,

You sir are a moron and make me sick to my stomach. Grow Up

Rivlin: "Not tamper with legislation that served us well..."

She was referring to the current "do as you will Fed" legislation and the "us" is the Fed. In essence she was saying, I don't want legislation to tamper with what we, the elite self anointed wanted to do. Of course she'll spout that, to do otherwise would discredit her reputation. Galbraith and Rivlin both had their hands in the Fed so their answer is a given to support their own.

I love Paul when Galbraith said, the power for the Fed to print money is embodied in the Constitution and Paul asks G which part of the Constitution is that? To which G said the section that gave Congress the power to create the Fed. And Paul, in his Paul way, tipped in with a correction that no Congressional Act can trump the mandate of the Constitution. Mr. G talks as if nothing is wrong, everything is right and perfect. He's a perfect piece of shit like the rest of the Fed.

I say: if you can't make it better, don't make it worst!

Clif note Version

Anyone make a version with the highlights?

"If you think we can't change the world, it just means you're not one of those that will"

Jacque Fresco

What is money?

"Ultimately I think what we'll have to do is talk about the nature of money, the definition of money, because it's pretty hard to manage something you can't even define."

- Dr. Paul, May 8, 2012

Here is the most important part: http://www.c-spanvideo.org/program/PanelTw/start/4310/stop/4790

The rest of the time was mostly wasted talking about something relatively insignificant; the Fed's dual mandate of maximum employment / stable prices and moderate long-term interest rates, and whether or not to reduce it to a single mandate of stable prices and moderate long-term interest rates.

Vlog

Decided to make my first ever vlog, and it is for the r3VOLution. I hope people like it trying not to be too brash.

http://www.youtube.com/watch?v=lsaTV8ktd_A&feature=youtube_g...

thanks... nice!

thanks... nice!

What candid camera segment??

What candid camera segment?? The video ends immediately when RP is done speaking at the podium.

Dr. Paul's closing statement & greetings:

http://www.c-spanvideo.org/program/PanelTw/start/4310/stop/4790

It's only in this CSPAN footage.

To reply to a comment you need to click the "reply" link in the lower right corner of the comment.

End the Federal Reserve

Representative Barney Frank seems so disingenuous, very disappointed with his supposed Wall Street reform, which was showmanship and a mockery. I just do not know how these men and women get into such esteemed positions.

For example, he supports Sen. Dianne Feinstein who said, ‘If I could have gotten 51 votes in the Senate, for an outright ban to pick up everyone’s’ firearms, I would have done it.’ And, yet, her superior self has a concealed carry permit in California because she is an elitist, ignorant, and unfit to serve.

“We shall have lost something vital and beyond price on the day when the state denies us the right to resort to force.” Louis Brandeis, United States Supreme Court Justice, 1916 to 1939

To attempt the denial of such fundamental rights, is to set up a society the way Germany, in 1928, seemingly with good intentions, required its citizens to register their firearms. Then, in 1933, when Hitler was elected, he systematically disarmed the people using the registration list. And, in 1938, he knew exactly where to strike with little to no resistance.

Practically speaking, every human being deserves the right to physically protect him or herself, family, friends, and neighbors from predators.

And, to the issue of intellectual protection, during the subcommittee examination, Rep. Frank spoke of sinister, exclaiming there is no sinister disposition toward the people when private industry, directly related to profiting from the decisions of the Federal Reserve, makes the Federal Reserve’s decisions in private. How gross a profit does an institution have to amass or deprive from others before Rep. Frank cries out antitrust, sinister, against the people!

There were many entanglements of words when the issue is very clear, and a PhD is not needed to understand the difference between honest and dishonest practice.

Should the Federal Reserve be micromanaged, of course, and every action approved, which is the American constitutional way of checks and balances. We call it transparency, and it is something being lost more and more every day with a country being run by people who think they can classify anything they wish as secret, confidential, or restricted.

We have hope, and his name is Dr. Ron Paul.

Sincerely, Joseph C. Carbone III; 10 May 2012

★”˜¨¯¯¨˜”ª¤(¯`*•.¸(¯`*•.. The Hon. Dr. Ron Paul for 2012 ..•*´¯)¸.•*´¯)¤ª”˜¨¯¯¨˜”★

REMOVED????????

Both videos were remobed???? Come on, man! What is that? I haven't heard anything from the subcommittee hearings on this. :(

It has been reposted on Dr. Paul's congressional channel

http://www.youtube.com/watch?v=GXRaJRQVPSk

“It is not our part to master all the tides of the world, but to do what is in us for the succour of those years wherein we are set, uprooting the evil in the fields that we know, so that those who live after may have clean earth to till." -J.R.R. Tolkien

both videos not working

the first video, last 8 min.; the second video, the last half, not working

Videos:

Panel 1 - congress criminals: http://youtu.be/GXRaJRQVPSk
Panel 2 - economists/counterfeiters: http://youtu.be/eU3ygeQUv_4

Dr. Paul's closing statement & greetings: http://www.c-spanvideo.org/program/PanelTw/start/4310/stop/4790

Both Panels on CSPAN: http://www.c-spanvideo.org/event/202918

Excellent going We the People....

Good going...you get better sound quality and room view on CSPAN then the House's own production.

I say: if you can't make it better, don't make it worst!

THANK YOU!

.

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin

Barney Frank

He sounded like he might be bought and working on bahalf of the fed.

Yes...did you notice his body

Yes...did you notice his body language?

If my need to be RIGHT is greater than my desire for TRUTH, then I will not recognize it when it arrives ~ Libertybelle

???

I was almost to the end of Part 1 when it stopped, went black, and said "This video has been removed by the user"??

EDIT: Never mind, I checked Dr. Paul's congressional channel and it has been reuploaded: http://www.youtube.com/watch?v=GXRaJRQVPSk

“It is not our part to master all the tides of the world, but to do what is in us for the succour of those years wherein we are set, uprooting the evil in the fields that we know, so that those who live after may have clean earth to till." -J.R.R. Tolkien

Bawney Fwank....

Be Vewy Vewy Quiet...I'm hunting wabbits!

Breakfast at Bernanke's

"He's for the gold standard now," joked Mr. Paul

http://blogs.wsj.com/washwire/2012/05/09/fed-foe-ron-paul-br...

Rep Kevin Brady

At the 17min mark, Rep Kevin Brady makes great points when introducing his bill in regards to the effects of having a sound dollar.

Tada! Got Youtube! Got Youtube!

Directly from Dr. Paul's official Congressional YT channel:

1of2: http://www.youtube.com/watch?v=V3EkmeQw_KI
2of2: http://www.youtube.com/watch?v=f0ZkErR8UfM

Predictions in due Time...
http://www.youtube.com/watch?v=zGDisyWkIBM

"Let it not be said that no one cared, that no one objected once it's realized that our liberties and wealth are in jeopardy." - Dr. Ronald Ernest Paul

For me personally

ABOLISH!

Make sure to watch the Panel 2 video

http://www.c-spanvideo.org/event/202918

It's much more worthwhile watching the economists and evil geniuses in Panel 2, than the Congress criminals in Panel 1.