Ron Paul's Final Clash With Bernanke, Bill Up For Vote Soon

On Wednesday, Federal Reserve Chairman Ben Bernanke visited Congress to once again give an update on the status of the bank and fulfill Congress's oversight function. This, of course, means once again that he clashed with Ron Paul over the role of the Fed in our system as well as the very existence of such a bank. Since Ron Paul is retiring this year, it is likely the final time that the respected, liberty-minded, leader of a r3VOLution will meet with Bernanke in a public, formal setting.

In the video above, Ron Paul once again explained to the chairman that the destruction of the currency is very harmful to our nation. He explained that printing more money is not a cure to our problems and that the devaluation of the currency is hurting the already-disappearing middle class. Bernanke responded by saying that Congressman Paul's sentiments should not be directed at the chairman's policies, but rather at the Congress for setting up the system in the first place. Doctor Paul replied that he is focusing anger at Congress and has proposed bills to so something about the system, but that does not take away from the fact that Bernanke's policies when it comes to printing money have been awful.

All of this comes just days before Paul's H.R. 459, the Audit The Fed bill, is up for a vote. This bill would call for a total auditing of Federal Reserve activities, which would expose corruption in the bank and could expose funneling of money to foreign banks, thereby making foreign countries richer while making our country, and most  notably our middle class, poorer by the devaluation of our currency. This bill has garnered a lot of support from both sides in the house. Doctor Paul has been saying for awhile now that the issue that he has changed the highest number of minds on is the issue of the Federal Reserve. Mitt Romney, establishment candidate for the GOP in 2012, even Tweeted his support for the bill.

Nonetheless, it is still important that we work hard to get this passed in both chambers. I strongly suggest that you join me in contacting your representatives in the House and Senate and you may even go beyond that and contact other representatives. Go to http://www.opencongress.org/ and enter your zip code in the spot allotted (scroll down) to find out who represents you in Congress and to get their contact information. I recommend you call them (e-mail usually gets no response/automated response) and politely inform them that you are a constituent and you would like to see them vote for H.R. 459, the Audit The Fed bill. This can have an impact on their vote, especially for representatives that give special emphasis to constituent needs. 


It is vital that we get this bill passed, and it would be a fantastic way to end Doctor Paul's tenure in Congress.