[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Cops Break into Wrong House, Arrest Innocent Children, Kill Their Dog — Taxpayers Held Liable

DEA Seized $4 Billion From People Since 2007. Most Were Never Charged with a Crime

Taxing (and Antiquing) Them Off the Road

Rep Massie lays out a plan for successful health care reform

To Overcome The Obamacare Repeal’s Failure, Let’s Understand Its Causes

Miami police arrest 19-year-old suspect in ambush of two detectives

Liz Peek: Time for the Freedom Caucus to climb aboard the Trump train [Reposted to Correct the Picture Size]

The Freedom Caucus Is The Silver Lining In The Obamacare Debacle

U.S. State Department Official Arrested for Working with Chinese Spies

Levin tears into ‘complete frauds’ and ‘liars’ in Congress

BREAKING SHOCK POLL : California Voters Wants Democrats to Work With Trump

WTF MOMENT of the Day! 5-Yr-Old Girl SUSPENDED for Making “Gun Motion” With a Stick

Woman in custody after 'criminal' incident near Capitol; police say 'no nexus to terrorism' (U turn, police open fire - miss)

I am going to sue Albertsons

BOMBSHELL – Obama Gave $1.5 M in Taxpayer Dollars to Rig Elections. This is TREASON.

Liz Peek: Time for the Freedom Caucus to climb aboard the Trump train

Insane John McCain Says People are Desperate for a New World Order (Video)

Why the Freedom Caucus Has Reopened Repeal Talks with Ryan and Trump

For the First Time Ever, UFC Fighters Allowed to Smoke Pot Before Fights

Trump Escalates Wars in Iraq, Syria, Yemen, Maybe Afghanistan Too

Death at Your Door: Knock-and-Talk Police Tactics Rip a Hole in the Constitution

Lavrov Calls Out NATO's Role in Afghan Drug Trafficking

House panel passes bill to audit the Fed (Ron Paul bill, Trump supported during campaign)

BREAKING VIDEO : WOW! Gowdy Destroys Schumer for DEMANDING Nunes be Replaced

VIDEO : Lt. Gen McInerney “Barack Obama and Hillary Clinton Are Both in Violation of the Espionage Act”

What Annoys Me About Libertarians

TRUMP SAYS HE EXPECTS A HEALTH CARE DEAL SOON

BREAKING : Trump Calls for an Investigation of Hillary’s Ties to Russia

BREAKING : Podesta Reportedly Received $35 Million Dollars From Russia While Working for Obama and Hillary

BREAKING : WHOA! Trump Calls Out John Podesta for his RUSSIA TIES

Angering Trump, the Freedom Caucus may have overplayed its hand

The Healthcare Bill Debacle: Trump Edition

Purists Kill Whatever They Believe In

Freedom Caucus founder blindsided during MSNBC healthcare interview

GOP's impatience with Freedom Caucus boils over

Second GOP lawmaker mulls leaving Freedom Caucus

Freedom Caucus divided on tool to force Obamacare repeal vote

Massachusetts Prepares to Vacate Nearly 24,000 Tainted Drug Convictions

OPEC Is Caught Between Shale and a Hard Place

GOP Sours on Obamacare Repeal; Next Attempt Unlikely Before 2019

The Big Façade: Only 17% of Americans support the Republican healthcare bill

One lawyer stole more than half a billion dollars from Social Security

Working Class White America is ‘Dying of Despair’

The Ryancare Route—Winning by Losing?

Outraged mom says TSA treated family "like dogs" during son's pat-down

Louisiana Police Officer who Shot and Killed a 6-year-old Autistic Child Found Guilty

83-year-old Grandpa Forgot to Use His Blinker, So Cops Put Him in the Hospital

The Transformation Of Our Nation Into A Complete Surveillance State Is Almost In Place: “You’re Known, Your Vehicle Is Known, Your Daily Itinerary, Shopping Habits… It’s All Being Recorded”

Oklahoma home invasion shooting: Suspected getaway driver arrested

Robert Barnes: Can Trump Legally Stop Sanctuary Cities? Yes. Remember Brown v. Board of Education


Status: Not Logged In; Sign In

politics and politicians
See other politics and politicians Articles

Title: Fed Foe Ron Paul Breakfasts With Bernanke at Central Bank
Source: Wall Street Journal
URL Source: http://blogs.wsj.com/washwire/2012/ ... with-bernanke-at-central-bank/
Published: May 9, 2012
Author: Kristina Peterson
Post Date: 2012-05-10 09:30:19 by lucysmom
Keywords: None
Views: 2765
Comments: 10

Republican presidential hopeful Rep. Ron Paul certainly wants to end the Federal Reserve. But he also has to eat breakfast.

One day after chairing a hearing on proposals to abolish or overhaul the central bank, the Texan congressman sat down for the first meal of the day Wednesday with Federal Reserve Chairman Ben Bernanke, the lawmaker confirmed in a brief interview at the Capitol. The decision to meet for breakfast at the Fed was “mutual,” said Mr. Paul, who last year introduced a bill to eliminate the central bank.

The Fed chief and lawmaker had “sort of an open discussion,” Mr. Paul said, while declining to provide any details of the conversation. “It was off the record,” he said. The Fed declined to comment on the meeting.

Wednesday’s visit to the Fed’s Washington headquarters was not the first for Mr. Paul, who has said previously he dined at the central bank with former Fed Chairman Paul Volcker.

Nor is it unusual for Mr. Bernanke to play host to lawmakers, including those proposing to refashion the Fed. The Fed chief had breakfast in February with Rep. Kevin Brady (R., Texas) who earlier this year introduced a bill that would narrow the Fed’s mandate to focus solely on price stability. Currently, the central bank has a dual mandate that also requires it to strive for maximum employment.

Still, Wednesday’s breakfast brought together two figures who publicly agree on very little. A longtime critic of paper currency and fan of the gold standard, Mr. Paul’s fiery Fed-bashing has enthused his campaign trail supporters, who often start rallies with loud chants of “end the Fed!” Mr. Bernanke, meanwhile, dedicated a significant chunk of his first lecture at George Washington University in March to enumerating the flaws associated with a system in which the dollar is valued at a fixed price per unit of gold.

So did Wednesday’s meeting overturn any deep-set beliefs?

“He’s for the gold standard now,” joked Mr. Paul.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: lucysmom (#0) (Edited)

Paul's been 'welcomed' to the Club.

He's a player now.

Goes right with his '5 State win' and his seat at the GOP Convention.

Paul could be the next Sec Treasury....at least.

As opposed to when CNBC (99 000 viewrs;) would cut away from the House Committee with Bernanke the moment Paul began to speak.

Welcome to the Club, Paul....;}

mcgowanjm  posted on  2012-05-10   10:06:39 ET  Reply   Trace   Private Reply  


#2. To: mcgowanjm (#1)

Paul could be the next Sec Treasury....at least.

Wouldn't that be a hoot!

Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady

lucysmom  posted on  2012-05-10   10:14:13 ET  Reply   Trace   Private Reply  


#3. To: lucysmom (#2)

;}

mcgowanjm  posted on  2012-05-10   10:45:15 ET  Reply   Trace   Private Reply  


#4. To: mcgowanjm (#1)

The difference between Ron Paul visiting the Fed Chairman is that he just ate breakfast with him. If it had been Obama or Romney,they would have blown him.

"It is impossible to talk reason with those who can only parrot Party Slogans." sneakypete Sept 2011

Stay Hungry...Stay Foolish --Steve Jobs

Steve Jobs,life-long Dim,and major Barry Soetoro supporter.

sneakypete  posted on  2012-05-10   11:15:08 ET  Reply   Trace   Private Reply  


#5. To: sneakypete (#4)

The difference between Ron Paul visiting the Fed Chairman is that he just ate breakfast with him. If it had been Obama or Romney,they would have blown him.

'would have' the wrong tense....;}

And speaking of blowing....

#775. To: A K A Stone (#0)

SURPRISE

[After Hours: 37.95-2.79 (-6.85%) 6:49P EST]

http://www.barchart.com/cache/ab...a5e3a6d9cd42d51d7cd9a.png

JPMorgan has $2 billion trading loss, reputation hit

What reputation was that? It called Geithner and the US treasury cut a check.

mcgowanjm  posted on  2012-05-10   19:11:57 ET  Reply   Trace   Private Reply  


#6. To: All (#5)

Thu, 05/10/2012 - 19:06 | 2415304 lolmao500 lolmao500's picture

Bruno Iksil will be first when this is all over... only to be surpassed by Bernanke and ECB chairman when the US and Europe ponzi schemes collapse. And whoever destroys the derivatives market will win as the biggest rogue trader in history for centuries to come.

mcgowanjm  posted on  2012-05-10   19:19:42 ET  Reply   Trace   Private Reply  


#7. To: All (#6)

Thu, 05/10/2012 - 18:58 | 2415265 HarryM HarryM's picture

No sleep for the Fedsters tonight - tomorrow they will unleash the Kraken

mcgowanjm  posted on  2012-05-10   19:21:53 ET  Reply   Trace   Private Reply  


#8. To: mcgowanjm (#6)

Bruno Iksil

Who is he and who is he connected to?

"It is impossible to talk reason with those who can only parrot Party Slogans." sneakypete Sept 2011

Stay Hungry...Stay Foolish --Steve Jobs

Steve Jobs,life-long Dim,and major Barry Soetoro supporter.

sneakypete  posted on  2012-05-10   19:28:02 ET  Reply   Trace   Private Reply  


#9. To: mcgowanjm (#7)

No sleep for the Fedsters tonight - tomorrow they will unleash the Kraken

Ahhh,I remember the good old days,when they just released the hounds.

"It is impossible to talk reason with those who can only parrot Party Slogans." sneakypete Sept 2011

Stay Hungry...Stay Foolish --Steve Jobs

Steve Jobs,life-long Dim,and major Barry Soetoro supporter.

sneakypete  posted on  2012-05-10   19:36:46 ET  Reply   Trace   Private Reply  


#10. To: sneakypete (#9)

Ahhh,I remember the good old days,when they just released the hounds.

Either Go Galactic, or go Home....;}

Thu, 05/10/2012 - 19:16 | 2415345 slaughterer slaughterer's picture

I want to know what trading unit took the $2billion away from JPM. We are going to see some "surprise profits" from somebody next quarter! Who was smart enough to steal this money away from JPM?

And here's what the Mere Mortals are about to find out.

In a Ponzi, you don't go looking for the money. Cause the money's been vaporized.

mcgowanjm  posted on  2012-05-10   20:20:22 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com