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olehounddog
03-12-2011, 08:21 AM
Just got this from walter. Let's give him some help.


Dear Friend,

In this Congress, I serve as Vice Chairman of the Domestic Monetary Policy Subcommittee in the House of Representatives. Our oversight responsibilities include reviewing the activities of the Federal Reserve System.


Next Thursday, March 17th, the Domestic Monetary Policy Subcommittee will hold a hearing at 10AM on the topic of Monetary Policy and Rising Prices. The three witnesses currently scheduled to testify are:


Prof. Joe Salerno, Pace University - http://en.wikipedia.org/wiki/Joseph_Salerno
Jim Grant, Grant’s Interest Rate Observer - http://www.grantspub.com/
Lewis Lehrman, investment banker and former member of President Reagan’s Gold Commission - http://en.wikipedia.org/wiki/Lewis_Lehrman


As you know, the Federal Reserve has been printing massive amounts of money as part of a policy they call “Quantitative Easing”. By June, the Fed will have printed roughly $2 trillion over the last two years. The Fed’s money printing is driving up prices for gas, groceries and bills of all kinds for businesses and working families. I strongly disagree with the Fed’s policy; printing money to drive up prices is hurting consumers, and it’s no way to create jobs.


This is why I want to hear from you. I would love it if you would provide me with examples of what you see happening with your bills in the real world, so that I can share them with the committee. Also, if you have ideas for specific questions you would like me to pose to the witnesses, I would love those as well.


Prior to the last Subcommittee hearing over a thousand people wrote me with questions, and I was able to use many of them over the course of the hearing. While time did not allow me to use all of the questions, or to relay all of the personal stories that people shared, my staff and I read every single one and their sentiments were shared with committee staff and officials.

If you have a moment, please email me through my website with your thoughts and questions for the witnesses at next week’s hearing. Please do not reply to this email, as my website is the best way for me to receive email from Eastern North Carolinians. Thanks in advance for your help. I look forward to hearing from you.
Sincerely,

J

Walter B. Jones
Member of Congress (NC-03)

https://jones.house.gov/ContactForm/default.aspx

Cowlesy
03-12-2011, 08:31 AM
Wow! Jim Grant is going to testify -- that'll be great.

johnrocks
03-12-2011, 08:32 AM
Besides Ron Paul, my two favorite Congressmen are Representatives John Duncan (Tn.) and Walter Jones. Don't know anything off the top of my head to ask or share right now to help him but ;if he's your Congressman; I'm jealous,lol.

Chester Copperpot
03-12-2011, 08:35 AM
I dont know Jim Grant or the Lewis guy from Reagan's gold commission.. but Id love to hear what they each have to say

olehounddog
03-12-2011, 08:35 AM
I'm stuck with Fox in NC 5. So you do not have to be jealous.

cswake
03-12-2011, 08:58 AM
I dont know Jim Grant or the Lewis guy from Reagan's gold commission.. but Id love to hear what they each have to say

His presence is a tremendous voice in the discussion. James Grant is an articulate, critical thinker who has a lot of credibility in the financial circles. He's recently called the tech bubble, mortgage bubble, and the March '09 market bottom:


http://online.wsj.com/article/SB10001424052970204518504574420811475582956.html

He also predicted international inflation in 2008 as a consequence of the Fed's actions:


http://www.youtube.com/watch?v=jQD4YXhxa6g

Best of all, he lays blame on the central economic planners:


http://www.youtube.com/watch?v=pmodBTEf7aw

Doesn't have much hope for future economic planners, either (Skip to 3:00 minutes for an awesome summary of our Dollar problems):


http://www.bloomberg.com/video/61496094/

I think the bowtie makes him look more respectable than Bernanke. :D

Cowlesy
03-12-2011, 09:20 AM
His presence is a tremendous voice in the discussion. James Grant is an articulate, critical thinker who has a lot of credibility in the financial circles. He's recently called the tech bubble, mortgage bubble, and the March '09 market bottom:


http://online.wsj.com/article/SB10001424052970204518504574420811475582956.html

He also predicted international inflation in 2008 as a consequence of the Fed's actions:


http://www.youtube.com/watch?v=jQD4YXhxa6g

Best of all, he lays blame on the central economic planners:


http://www.youtube.com/watch?v=pmodBTEf7aw

Doesn't have much hope for future economic planners, either (Skip to 3:00 minutes for an awesome summary of our Dollar problems):


http://www.bloomberg.com/video/61496094/

I think the bowtie makes him look more respectable than Bernanke. :D

He's also a friend of Ron Paul. In fact, it was Ron Paul that told me about his newsletter. One of the best reads about the market in my opinion. It is unfortunately prohibitively expensive. I'm lucky to now be on a circulation list for a hardcopy at work.

olehounddog
03-12-2011, 10:53 AM
Bump

Bern
03-12-2011, 11:16 AM
To send Walter your thoughts:

https://jones.house.gov/ContactForm/default.aspx

olehounddog
03-12-2011, 11:21 AM
To send Walter your thoughts:

https://jones.house.gov/ContactForm/default.aspx

Thanks.

Bern
03-12-2011, 11:50 AM
Dear Rep. Walter B. Jones,

I am responding to your call for comments as posted on the Ron Paul Forums ( http://www.ronpaulforums.com/showthread.php?283278-Walter-Jones-want-some-input ) regarding the upcoming March 17th meeting on Monetary Policy and Rising Prices.

Even though I'm just a layman, I do pay attention to what is happening with the Fed, QE and commodity inflation. I'm very concerned about the future of the dollar and the future of this country.

I feel like as long as the USA is tethered to the Fed's balloon, the end game is going to be disasterous whether we continue the QE game (Wiemar/Zimbabwe scenario) or not (Greece CDS blowout scenario).

I would like to hear the panel's thoughts on the endgame for the Fed with regards to the dollar and QE or no QE. I would also like to hear their thoughts on whether Ron Paul's Competing Currencies Act offers a better solution.

Cordially,

Note that you must put a NC zip code (27858) in the form to send the message. I put my real address in the signature of the email.

cswake
03-12-2011, 01:16 PM
My email:


Dear Rep. Walter B. Jones,

I am responding to your request for questions to the Economist panel on March 17, 2011. My question is as follows:

On March 9, 2011, in response to a question about the Dollar's International Reserve Currency Status, Nobel Prize-winning Economist Paul Krugman stated:

"It doesn't matter nearly as much as people think it does. People imagine there some terribly important that your currency be the world currency. But it isn't really. Why does that matter? So a lot of contracts around the world are quoted in Dollars. That doesn't mean the prices we get are any better than they would be were they quoted in Euros instead. The only real clear benefit we get is that there are a lot of people holding pieces of green paper with pictures of dead Presidents outside the United States - which is a 0 interest loan to America - and it is a lot ... about 60% of the currency is held outside the U.S." [Starting at 1:07:00 - http://krugman.blogs.nytimes.com/2011/03/09/live-on-times-talks/]

Does the panel agree with Dr. Krugmanís assessment about the relative unimportance of the Dollarís reserve status?

mello
03-12-2011, 01:41 PM
Any plans for Peter Schiff being invited to any of these hearings?