VIDEO ADDED of Ron's hearing today on manipulation of interest rates w/ Grant

[sailingaway]

testifying is in this link, click where it says 'archived livelink of hearing': http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=308573

here's the youtube, from tsai :


http://www.youtube.com/watch?v=ZXSExanbY0Q&feature=player_embedded#t=0s

[tangent4ronpaul]

They should be putting it up on the C-SPAN archives in several hours.

-t

[sailingaway]

thank you! I emailed the financial services committee and asked them to put it up, I didn't know CSPAN was covering it.

[ClydeCoulter]

I don't see it up on cpsan video library yet. Waiting...

[tangent4ronpaul]

I assume C-SPAN broadcast it. The article about it had the word "LIVE" in it and a time - that generally means broadcast.

The FSC sometimes streams their own things and has a YouTube channel.

-t

[sailingaway]

I assume C-SPAN broadcast it. The article about it had the word "LIVE" in it and a time - that generally means broadcast.

The FSC sometimes streams their own things and has a YouTube channel.

-t

Yeah, but it is mostly of clips that I can see. I did send them an email asking for the full video. We'll see if they upload it or not. I'm kicking myself for missing it, though.

[sailingaway]

bump for link added to op

http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=308573

[tsai3904]

youtube


http://www.youtube.com/watch?v=ZXSExanbY0Q
http://www.youtube.com/watch?v=ZXSExanbY0Q

[sailingaway]

youtube


http://www.youtube.com/watch?v=ZXSExanbY0Q
http://www.youtube.com/watch?v=ZXSExanbY0Q

thank you!!

[sailingaway]

Here is a related article: http://www.nysun.com/editorials/the-feds-credibility-gap/87996/

[sailingaway]

very good point made about the impact on inflation of the Fed now holding long term debt not as easily 'unwindable' -- about 49:00 min mark on, including discussion of current bubbles, and potential solutions or ways to address the issue.

[ClydeCoulter]

very good point made about the impact on inflation of the Fed now holding long term debt not as easily 'unwindable' -- about 49:00 min mark on, including discussion of current bubbles, and potential solutions or ways to address the issue.

Yes, it was.
I saw some discussion about Lehrman earlier, today or yesterday, on the forums (need to go look it up). I found his testimony to be very informative. He seemed upset with the way things have been allowed to go on with the fed. I should look at other works of his.

[sailingaway]

bump for End the Fed day!

[Constitutional Paulicy]

What would it mean to "end the Fed"? Professor Larry White says that in order to know the effects of such a measure, we must first understand the role of "the Fed".

The Federal Reserve is the central bank of the United States and the institution at the center of the nation's monetary and banking systems. It has five main functions, including controlling monetary policy. Could the United States even survive without the Federal Reserve?

In order to answer this question, Professor White examines countries throughout history that did not have an established central bank, including Scotland, Sweden, Switzerland, and Canada. Hong Kong, he points out, still does not have one. So who performs the functions of a central bank in these countries?

Professor White cites private institutions, including clearing house systems, banks, and financial companies, as the main actors in the monetary systems of countries without a central bank. Ultimately, Professor White concludes that the Federal Reserve is not necessary. Evidence shows that nations can survive without a central bank. What the Federal Reserve does well can be done even better by private institutions, and the institution is capable of serious errors.



http://www.youtube.com/watch?feature=player_embedded&v=a_s6ofhyqWw#!


Is it time to end the Federal Reserve?
written by Jason Pye
Fri, 09/21/2012 - 4:06pm


The Federal Reserve, which has printed money and loaned trillions to national and foreign banks, has been under increased scrutiny since the 2008 financial crisis. Over the last four years, Rep. Ron Paul (R-TX) has led the push in Congress to audit the United States’ central bank. As George Will recently said, the Federal Reserve has become the fourth branch of government, taking questionable steps with little oversight. Others wonder if the United States even needs the Fed since its creating more problems than anything else.

more here...... http://www.unitedliberty.org/articles/11304-is-it-time-to-end-the-federal-reserve

[GunnyFreedom]

Today is going to be a very good day for us.

End the Fed!

[Travlyr]

Today is going to be a very good day for us.

End the Fed!

Yet, both Jim Grant and Lewis E. Lehrman conclude that the Federal Reserve System has a place in America... self-interest I suppose.

I agree with Ron Paul, "Big government can't exist without a Federal Reserve." "End The Fed" ASAP by supporting HR 1098, The Free Competition in Currency Act: ... and let the pieces fall where they may. Limit Government Power.

[ClydeCoulter]

Yet, both Jim Grant and Lewis E. Lehrman conclude that the Federal Reserve System has a place in America... self-interest I suppose.

I agree with Ron Paul, "Big government can't exist without a Federal Reserve." "End The Fed" ASAP by supporting HR 1098, The Free Competition in Currency Act: ... and let the pieces fall where they may. Limit Government Power.

I took it they said, in so many words, that it could have a place if it were a tool of congress. Maybe I'm wrong about that, but that is the impression I got.

[GunnyFreedom]

I took it they said, in so many words, that it could have a place if it were a tool of congress. Maybe I'm wrong about that, but that is the impression I got.

Yes, the position of the two witnesses was "The Fed would be a good thing if..." Congress operated it, it were better regulated, they went back to the original idea, etc.

Frankly, even I may be able to find something to make that statement "The Fed would be a good thing if..." true: 'if it were shut down and converted into a byword to future generations.' :p

But more seriously, I am glad that it was pointed out that neither of the two witnesses wants to end the Fed, because it lends their testimony more credence among the body of sheep, where at this point it needs to be heard more than anywhere else.