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View Full Version : RON PAUL Grills Geithner at House Financial Services Meeting

peaceandlove
10-30-2009, 11:56 PM
"If We Do What's Right, It Will Benefit the Entire World."

Posted by Matt Hawes on 10/29/09 10:20 PM

On Thursday, Congressman Paul questioned Treasury Secretary Timothy Geithner at a House Financial Services Committee meeting on financial regulations.

VIDEO (5:24): YouTube - Ron Paul Geithner: Fed Res As Lender Last Resort Contributes to Moral Hazard

SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=26997
TruthWillSetUFree
10-31-2009, 02:02 AM
I always love watching Ron Paul he is a man of Truth, common sense and integrity..thanks for posting
m1*
10-31-2009, 02:47 AM
I always love watching Ron Paul he is a man of Truth, common sense and integrity..thanks for posting

Ron Paul is, by far, my favorite US politician.

He is a very smart, honest and sincere man.
Steve_A
10-31-2009, 09:49 AM
Hi peaceandlove,

If I heard it correctly, Geithner is basically saying, "tough *******" to the rest of the world who is holding US$ reserves. He said that it was the individual countrys' decision to take the dollar on board as a world reserve currency.

I think when the going gets tough we're going to see an attitude coming from the US not very helpful to the rest of the planet. This surely will create a friction never seen before in world politics.

I'm going to hide under my bed..... just in case!

Best regards,

Steve




"If We Do What's Right, It Will Benefit the Entire World."

Posted by Matt Hawes on 10/29/09 10:20 PM

On Thursday, Congressman Paul questioned Treasury Secretary Timothy Geithner at a House Financial Services Committee meeting on financial regulations.
gscraig
10-31-2009, 01:32 PM
More importantly,
Ron Paul's last question, should have been his first. That way Geitner's response of "I will Gladly speak with you privately, or in a different context", could have been exploited. What is key in that response, is in no way, shape or form did Geitner immediately refute the claims being being made by the Chinese and others regarding replacing the current reserve currency. Regardless, of the time constraint.

Geitner also did not elaborate on the FDR doubling the money supply and further lowering the interest rates.
pineal-pilot-in merkabah
10-31-2009, 02:00 PM
lamp post waiting for tim geithner. chalk another one up for the gallows :naughty: