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Federal Reserve Bankster Machine Tries to Stop Ron Paul
ALERT - Make This Go Viral - Fight The Banksters - Ron Paul MUST NOT Be Blocked - Raise Hell With John Boehner - Flood His Office With Phone Calls
ACTION REQUIRED - Contact John Boehner
Washington, D.C. Office
1011 Longworth H.O.B.
Washington, DC 20515
(202) 225-0704 fax
Raise Holy Hell - Make Sure He Hears Your Voice
Source - Business Week
Officials at several major banks have privately raised concerns with Republican leaders that, by allowing Paul to become a chairman, his radical views would gain legitimacy, according to three bank lobbyists.
Five GOP leadership aides, speaking anonymously because a decision isn't final, say incoming House Speaker John Boehner has discussed ways to prevent Paul from becoming chairman or to keep him on a tight leash if he does. If Boehner, who will help determine who gets to chair subcommittees as early as Dec. 8, rejects Paul, he may have to contend with thousands of grassroots supporters and dozens of younger lawmakers who see Paul as a hero. Boehner, through a spokesman, declined to comment.
The prospect has Wall Street, Fed officials, and even Republican House leaders worried that Paul's agenda could roil the markets and make a mockery of the U.S. financial system. This is a man, after all, who entered politics because President Richard Nixon bucked the gold standard in 1971, and now wants to make gold and silver legal tender. He is pressing for an audit of the Fort Knox bullion depository and, earlier this year, grilled Fed Chairman Ben Bernanke about the central bank's alleged funding of Watergate and Saddam Hussein's nuclear program. Bernanke called the charges "absolutely bizarre."
If he gets the subcommittee gavel, Paul says he plans a thorough review of Fed policy. Fear of inflation is what motivates him the most. Next to the doorway in his Washington office are six framed German bank notes dating from the 1920s hyperinflation era. The notes are sequentially dated "to show how quickly the zeroes were added onto the bills" as inflation skyrocketed, Paul says. The notes are arranged around a quote by one of Paul's favorite Austrian School economists, the late Hans F. Sennholz, who Paul once met and calls "a tremendous influence on me." Paul is a devotee of the Austrian School, which teaches that manipulating money supply and interest rates are responsible for history's boom-and-bust cycles. "The Fed creates all of the bubbles and they create the inevitable bursting of all of the bubbles," says Paul.
He believes his oversight role is long overdue. "There has been a politically cozy relationship between Congress and the Federal Reserve," he says. That includes past efforts to keep him from heading the subcommittee. "Republican leadership, with the Fed's influence, has been working to keep me away from this for a long time. That's not going to happen this time."
Originally posted by HattoriHanzou
reply to post by sylvie
The banksters know it will be game over if Paul chairs that committee.
I think they will probably fail in their attempts to block him, though. The Republicans know that if the banksters are allowed to continue unchecked their own wealth will be destroyed.
This is really what the end game is - transfer of all the privately held wealth and property in the world into the hands of a few people.