Look Who’s Testifying During Ron Paul’s HR1207 Hearing Tomorrow

September 24th, 2009 4:05 pm | by Marc Gallagher | Published in Big Government, Commentary, congress, Economics, Federal Reserve, Ron Paul, Thomas Woods | 74354 Responses2009-09-24+20%3A05%3A37Marc+Gallagher

Ron Paul is bringing a friend to Washington DC tomorrow to testify during the hearing on Paul’s HR.1207. Thomas Woods, author of “Meltdown“, is on the list of witnesses. The only other currently listed witness is Federal Reserve General Counsel Scott Alvarez. What an interesting combination this is going to be.

Alvarez is quoted in the Wall Street Journal today (from his prepared remarks):

Fed General Counsel Scott Alvarez, in testimony prepared for a Friday hearing, said legislation in the U.S. House of Representatives giving the Government Accountability Office greater leeway to examine the central bank could have a detrimental effect.

“These concerns likely would increase inflation fears and market interest rates and, ultimately, damage economic stability and job creation,” Alvarez said in the prepared remarks for the House Financial Services Committee hearing.

If I were on the Financial Services Committee I’d suggest to Alvarez that the Fed itself is the cause of economic instability and a full GAO audit will neither help nor hinder its “ability” to continue being the primary cause of economic instability. I’m sure Ron Paul and Tom Woods won’t hesitate to make this point.

It’s rare occasion when I can say this, but… this Financial Services Committee hearing is going to be fun.

7435Responses2009-09-24+20%3A05%3A37Marc+Gallagher

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Robert Boger says:

September 25th, 2009 at 4:17 am (#)

END THE BANKING CARTEL / IT CARES ONLY FOR ONE THING ITSELF

Dear All,
There is no bill more important to the fate of the U.S. economy and with it the fate of the American people (read Labor and all workers who exchange 9-2-5 time for money) than HR-1207.

You must understand exactly why the oligarch capitalist elite of both parties are terrorified of this bill – including those elite within the Democratic party. It will completely destroy their control and guidance on broad investment in the United States, and their duplicitous trades off that overseas, think labor arbitrage, etc.

With the passing of HR-1207 and the eventual end of the Federal Reserve…investing PRIVATE EQUITY in the United States (not just buying our passive government bonds that does nothing for the American people) will be the greatest investment opportunity in over a 100 years.

Waves of domestic and international capital post HR-1207 will stop buying our bonds (which is passive to the American people) and start investing EQUITY (which is positive for the American people) direct into America business and will result in the full reverse of our sky rocketing unemployment. It will be an economic reset as if it was the 1880s all over again. We will find ourselves on par with China and others in a way that will upset all American & Chinese globalists (though not European)…..and with it flush down the toilet a whole class of double-faced elites that want nothing more to hold us down where they can arbitrage the American peoples ignorance to the bitter end – which is exactly what is still going on.

HR-1207 has broad bi-partisan support. There is NO QUESTION this bill can pass the House and Senate VETO proof. PLEASE CALL AND HARASS BARNEY FRANK AND OBAMA TO STOP STANDING IN THE WAY.
Charlie Peters says:

September 25th, 2009 at 4:49 am (#)

support HR1207
Ron Paul’s HR1207 Audit the Fed Hearing | International Peace Movement says:

November 24th, 2009 at 9:35 pm (#)

[...] Look Who’s Testifying During Ron Paul’s HR1207 Hearing Tomorrow [...]
Charlie Peters says:

December 28th, 2009 at 2:28 am (#)

support HR 1207