Fed Foe Ron Paul Breakfasts With Bernanke at Central Bank
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AmericasLastHope
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Ron Paul Eats With Ben Bernanke: 'He's For The Gold Standard Now'
Ron Paul ate with Ben Bernanke, chairman of the Federal Reserve, on Wednesday, and after their meal Paul joked that "he's for the gold standard now."
Ron Paul, the only remaining official opponent to Mitt Romney in the 2012 Republican presidential primary, and Bernanke ate together at the Federal Reserve's headquarters in Washington, D.C., on Wednesday, during which they had what Paul described as "sort of an open discussion," according to the Wall Street Journal.
The meeting was certainly an odd one, as the two leaders are not exactly similarly-minded, as Ben Bernanke heads the Federal Reserve and the Texas Congressman led a hearing on Tuesday to consider proposals to end or overhaul the Fed .
The men made a "mutual" decision to speak with one another, according to Paul, who declined to comment on what exactly was said, as he told the Wall Street Journal that their discussion "was off the record. The Fed is not commenting on the meeting.
Paul, a libertarian and medical doctor who has served in Congress for decades, told the Journal that he had visited the headquarters building in the past for a meal with Paul Volcker, a previous head of the Fed.
It's quite a sight, seeing these very different men agreeing to discuss monetary policy during a time when politics are essentially deadlocked in Washington due to hyper-partisanship.
But Paul is more of an independent thinker than many members of both the Democrat and Republican parties, which may have contributed to Bernanke's willingness to meet with him despite the fact that the Ron Paul 2012 campaign has been built on a platform that has called for abolishing the Federal Reserve and returning to the gold standard.
And Bernanke has also been outspokenly against such positions, even speaking extensively during a recent speech about the problems with returning to the gold standard.
But it seems that Dr. Paul is taking it all in stride, as he had a joke about the meeting which the Journal was sure to report on:
"He's for the gold standard now," Paul said.
http://www.ibtimes.com/articles/339674/20120510/ron-paul-bernanke-fed-gold-news-2012.htm
Ron Paul ate with Ben Bernanke, chairman of the Federal Reserve, on Wednesday, and after their meal Paul joked that "he's for the gold standard now."
Ron Paul, the only remaining official opponent to Mitt Romney in the 2012 Republican presidential primary, and Bernanke ate together at the Federal Reserve's headquarters in Washington, D.C., on Wednesday, during which they had what Paul described as "sort of an open discussion," according to the Wall Street Journal.
The meeting was certainly an odd one, as the two leaders are not exactly similarly-minded, as Ben Bernanke heads the Federal Reserve and the Texas Congressman led a hearing on Tuesday to consider proposals to end or overhaul the Fed .
The men made a "mutual" decision to speak with one another, according to Paul, who declined to comment on what exactly was said, as he told the Wall Street Journal that their discussion "was off the record. The Fed is not commenting on the meeting.
Paul, a libertarian and medical doctor who has served in Congress for decades, told the Journal that he had visited the headquarters building in the past for a meal with Paul Volcker, a previous head of the Fed.
It's quite a sight, seeing these very different men agreeing to discuss monetary policy during a time when politics are essentially deadlocked in Washington due to hyper-partisanship.
But Paul is more of an independent thinker than many members of both the Democrat and Republican parties, which may have contributed to Bernanke's willingness to meet with him despite the fact that the Ron Paul 2012 campaign has been built on a platform that has called for abolishing the Federal Reserve and returning to the gold standard.
And Bernanke has also been outspokenly against such positions, even speaking extensively during a recent speech about the problems with returning to the gold standard.
But it seems that Dr. Paul is taking it all in stride, as he had a joke about the meeting which the Journal was sure to report on:
"He's for the gold standard now," Paul said.
http://www.ibtimes.com/articles/339674/20120510/ron-paul-bernanke-fed-gold-news-2012.htm
Jovan Galtic
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"Bernanke paid for the meal with freshly printed $20 bills..."
Travlyr
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Indeed it is. I'll bet Bernanke has read all Ron's books and knows deep down Ron is right.
rpwi
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To a certain extent this is actually a bad thing. This is a discussion not of personal issues...but of public issues and concerns two of most influential politicians on the Fed in the chairman of the Federal Reserve and the chairman of the Domestic Monetary Policy and Technology Subcommittee.
This is what the Fed wants.... Tough questions and weaselly answers being delivered in secret where they can't be embarrassed by the media and won't awaken the rest of congress to how corrupt they are. They know if they don't answer Ron's questions in private...they will have to do so publicly and could face much more reprisal. Plus, when politicians meet at dinner...there is more of a chance of schmoozing and going off on non-topic tangents. Subconsciously, you feel closer to that person and subsequently your criticism of their policies diminishes as you would feel guilty attacking an ego you got to know (mostly on a subconscious level). Lobbyist have this trick down pat and try to get personal meetings whenever possible to put a face on the opposition.
This is what the Fed wants.... Tough questions and weaselly answers being delivered in secret where they can't be embarrassed by the media and won't awaken the rest of congress to how corrupt they are. They know if they don't answer Ron's questions in private...they will have to do so publicly and could face much more reprisal. Plus, when politicians meet at dinner...there is more of a chance of schmoozing and going off on non-topic tangents. Subconsciously, you feel closer to that person and subsequently your criticism of their policies diminishes as you would feel guilty attacking an ego you got to know (mostly on a subconscious level). Lobbyist have this trick down pat and try to get personal meetings whenever possible to put a face on the opposition.
GeorgiaAvenger
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Ron is a sell out!
/had to get my shot at the "sell out" namecallers
/had to get my shot at the "sell out" namecallers
aloneinthewilderness
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I'm not sure I've ever seen the word breakfast used as a verb before.
What would be the proper term then? Dinner is "dines", lunch is "lunches".....breakfast is "breakfasts"?
SpiritOf1776_J4
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Check out Dr. Paul sitting down for breakfast with the most powerful man in the world.
It's good to see Bernanke is an adult.
You mean he doesn't eat coco puffs?
PatriotOne
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IDefendThePlatform
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Hasn't Ron basically convinced Alan Greenspan that he's right? Maybe he can do the same with bernanke. A former fed chief (or two) coming out in favor of Ron's free competition in currency act would be huge.
It might be that bernanke would rather see that passed than an audit of the fed because a fed audit could really embarrass/expose him as corrupt.
It might be that bernanke would rather see that passed than an audit of the fed because a fed audit could really embarrass/expose him as corrupt.
sevin
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Alan Greenspan understood Austrian economics and the dangers of central banking decades ago. He still understands it, but he just doesn't care. He's a sellout and he has no soul. He'll never come out in favor of competing currencies.
HUGE BUMP
Anybody remember this?
Yeah, the timing of this breakfast and the sudden big change of tune by the campaign seems more than just coincidence. Some said I was crazy when I suggested this meeting may have been where Ron was threatened. Maybe not sounding so crazy after all.
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