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

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Published : December 09th, 2010
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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.

.

Mish

GlobalEconomicAnalysis.blogspot.com

 

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 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.

 

 

 

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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 http://www.sitkapacific.com
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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.
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