Federal Reserve Aid to the Eurozone: Its Impact on the U.S. and the Dollar





Congressman Ron Paul, Chairman of the Domestic Monetary Policy and Technology Subcommittee, announced today that the subcommittee will hold a hearing to examine the Federal Reserve’s assistance to the Eurozone and the impact of that assistance on the U.S. monetary system and the dollar.

“The Federal Reserve has been creating money out of thin air for forty years now,” Chairman Paul stated, “and they’ve ramped up the printing presses during these five years of crisis—all in the name of economic stability. But there are consequences to massive amounts of money creation, consequences when central banks print money, consequences when they loan it, and consequences when banks get this money and create even more money and credit through fractional reserve banking. Indeed, these Fed actions helped cause the very crisis we’re suffering from today.”

Congressman Paul continued, “It is important for Congress to acknowledge this and to hold the Fed accountable for its actions, since they affect the value of the dollars in our wallets. This isn’t just about the Fed trying to bailout Europe; there is a fundamental question here about what fiat money does to the economy. I am pleased that President Dudley, a permanent voting member on the FOMC, will be appearing before the subcommittee so we can ask some important questions about the Fed’s involvement in Europe and what that means for the dollar and our fiat monetary regime.”

The hearing, entitled “Federal Reserve Aid to the Eurozone: Its Impact on the U.S. and the Dollar,” will be held on Tuesday, March 27, at 10:00 a.m. in Room 2128 of the Rayburn House Office Building.

Witnesses scheduled to testify:

  • William Dudley, President & CEO, Federal Reserve Bank of New York
  • Steven B. Kamin, Director, Division of International Finance, Board of Governors of the Federal Reserve System


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592 Comments:

  1. 613 likes, 1 dislike from Ben Bernanke

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  2. I was being sarcastic, this suck's. Is there any way out of this? without the spilling of any
    blood on our own soil? As a child I remember seeing picture's of slave's from the 17 and 1800's
    and I would say to myself: why dont they fight? I have ansesters who where linched. is there any way to combat this?
    Under my skin does not beet the heart of a lion, but if Ron Paul say's March? to the poles or front line's I will march!

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  3. Americans have the power!! Stop paying taxes and arm yourselfs.
    Start REAL free trade of goods without involvement of the monetary system.

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  4. I have watched this whole thing and to me it sounds like more bubble bullshit.

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  5. the banks/countries that almost went bankrupt followed Wall Street capitalism. AKA UNFETTERED CAPITALISM!

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  6. the banks/countries that almost went bankrupt followed Wall Street capitalism. AKA UNFETTERED CAPITALISM!

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  7. People this was circulating on other Youtube's pages: Let's MAKE it HAPPEN!

    "MARCH 31 EVERYONE. Skype, twitter, email, whatever, every major television network with your demand that RON PAUL be heard. IWe are tired of being CONTROLLED by the "establishment" thru the media. Bombard their networks, choke their networks. RON PAUL WILL BE HEARD. We need to WIN this fights! MARCH 31 EVERYONE. Pass this message on please for America's sake."

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  8. well, ALL European money transfers go through the states
    since America thinks it owns everything and anyone.

    Why not cut us lose ? we dont even want 2 share the American financial system
    since it's only giving us in Europe ALLOT of problems.

    We would be just fine if America didn't force us 2 use their systems.

    So if you wanna help EU dont bail us out, but help us get out of the American financial system

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  9. Mr Dudley, OPEN MOUTH AND INSERT PENIS.

    I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country. Thomas Jefferson
    I believe that banking institutions are more dangerous to our liberties than standing armies.Thomas Jefferson
    THOSE FOUNDERS WHERE PRETTY SMART GUYS HUH?BUT RP IS SEEN AS "TO EXTREME FOR TODAYS AMERICA"
    FACEPALMS
    RON PAUL 2012

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  10. Mr Dudley, OPEN MOUTH AND INSERT PENIS.

    I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country. Thomas Jefferson
    I believe that banking institutions are more dangerous to our liberties than standing armies.Thomas Jefferson
    THOSE FOUNDERS WHERE PRETTY SMART GUYS HUH?BUT RP IS SEEN AS "TO EXTREME FOR TODAYS AMERICA"
    FACEPALMS
    RON PAUL 2012

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  11. "You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." President Andrew Jackson (the last President to PAY OFF OUR ENTIRE NATIONAL DEBT addressing the international bankers asking him to renew the central bank charter for the U.S. Bank)

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  12. Why does that surprise you? The Bush family HATES America and wants to see it destroyed. They are Nazis. Prescott Bush laundered Hitlers Money and was a banker himself. Then all those SS scientists that created all those rockets that delivered the 1000's of bombs that killed a shit load of ppl, not to mention the gas chambers, about 80 or more of their very best Prescott had brought to the US and they where given high ranking positions in the new CIA, NSA, & NASA. So the Nazis didnt lose ww2.

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  13. "That's a shame" lol 03:33

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  14. Ron Paul Rally at University of Maryland
    youtu .be /dKyCXOcdF9o
    Ron Paul on 911 September 11 March 28 2012 5 of 9 SOPA Iraq University of Maryland youtu. be /d0ZF8XQKs9g

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  15. it won't let me post the links search online for 'we are change' there are many freeman movements around to join and try and make a difference and try to end the shit we have to endure to keep this rich bastards rolling in it whilst we eat dustbunnies

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  16. ▬▬▬▬▬▬▬▬▬ஜ۩☆ ۩ஜ▬▬▬▬▬▬▬▬▬▬▬
    ★ ☆ ★ ☆ RON PAUL 4 PRESIDENT 2012 ☆ ★ ☆ ★
    ▬▬▬▬▬▬▬▬▬ஜ۩☆ ۩ஜ▬▬▬▬▬▬▬▬▬▬▬

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  17. yeah why wouldn't he be?

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  18. Keep supporting Dr. Ron Paul!

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  19. no dumb sh... he was most likely turning off his phone! It probably was buzzing and he turned it off...Stupid!

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  20. you, sir, are a boss!

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