Ron Paul Claims Chairmanship of Monetary Policy Subcommittee, Prepared to Subpoena Fed

IMG Auteur
Published : December 09th, 2010
253 words - Reading time : 0 - 1 minutes
( 1 vote, 5/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : Editorials




Proving that on occasion the little guy can indeed win, Ron Paul announced to tonight that he will be named Chairman of the Monetary Policy Subcommittee.

When asked if he would take over chairmanship of the subcommittee, Paul replied "The chairman of the financial services subcommittee, Spencer Bachus, has told me today verbally that I will be the chairman of that subcommittee. He was the one who appointed me as the ranking member and he is sticking to his guns and that I will have responsibility of that committee."

When asked about subpoenas and "audit the Fed", Paul went on to say that he can issue subpoenas but would need agreement from the chairman as well as speaker.

It's a good clip, also containing a discussion of proposed legislation to redefine the word "journalist" and redefine the word "publisher", both scary thoughts.

Paul would oppose such legislation as being contrary to the first amendment and likened measures to the book "1984".

"I have a much broader definition" said Paul. "We all should have those first amendment rights as if we are all journalists".

Congratulations to Ron Paul and thanks to all who emailed their support.




To sign up for a free copy of Sitka’s Monthly Client Newsletter, please register your email address at the bottom of the Sitka Pacific Commentary Page.


 Mish's Global Economic Trend Analysis

Thoughts on the great inflation/deflation/stagflation debate as well as discussions on gold, silver, currencies, interest rates, and policy decisions that affect the global markets.




<< Previous article
Rate : Average note :5 (1 vote)
>> Next article
IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit
WebsiteSubscribe to his services
Comments closed
  All Favorites Best Rated  
Good, but it also looks as if Bachus will have veto power over anything serious that Ron could do. We'll see how that works out.
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Stephen Hawking – Doomsday Prophet’s Top Five Predictions
19 MarThemis1
Stephen Hawking may have been brilliant in his own sphere of science. This does not necessarily equip him to make accurate pronouncements about ot...
Stephen Hawking – Doomsday Prophet’s Top Five Predictions
17 MarWatchdoctor3
In my opinion, yet another NASA actor promoting ''leaving the earth'' as a viable alternative to living in peace with our neighbours. Not even sure...
Drums Along the Potomac
18 MarThemis1
While I, too, don't give a hoot about the Skripals, the UK cannot tolerate foreign agents running amok and potentially endangering innocent British...
School Daze
15 MarJ.
@bfsiedel, While I agree with much of what you posted, regarding whether or not school is broken depends upon one's expectations of public school....
School Daze
12 Marbfsiegel1
The part that I find troubling in these conversations, regardless of perspective, is how much they revolve around the extremes. i.e. situations and...
School Daze
12 Marbfsiegel1
The part that I find troubling in these conversations, regardless of perspective, is how much they revolve around the extremes. i.e. situations and...
End Times at the OD Corral
08 Marprljr1
After all; ALL the POWERS ~ The Banksters, The Pentagon, Wall Street, The Israelis, The Oil Companies and the Quasi Rich ~ are getting EVERYTHING t...
Gold $10,000? Goldnomics Podcast Quotations and Transcript
07 MarS W.
So you swap your dollars for gold in the hope that it will go to 10,000 and then you swap your gold back and have more dollars. In the end you ...
Most commented articlesFavoritesMore...
World PM Newsflow