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Paul Calls For Hearings On Falling Dollar

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**Scor~Pios** Subscriber

Thought Criminal
User ID: 461938
7/2/2008 4:32 PM

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Paul Calls For Hearings On Falling Dollar

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In the face of $4 per gallon gasoline and predictions the price will rise to $7 by the end of summer, Congressman Ron Paul (R-Lake Jackson) is calling on Congress to explore how the weakened value of the dollar may be contributing to the rise in oil prices.

Paul, whose 14th Congressional District of Texas includes part of the Katy area and much of Cinco Ranch, said he wants Congress to hold hearings on the relationship between the falling value of the dollar and the recent rise of oil prices.

As ranking member of the House Subcommittee on Domestic and International Monetary Policy, Paul sent a letter earlier this week to Rep. Barney Frank (D-Mass.), chairman of the House Financial Services committee, asking for the hearings.

“The price of oil is currently among the most pressing issues to American workers,” Paul said. “Congress should be examining all factors contributing to the high cost of oil, and monetary policy is one of the key factors in the run-up in price.”

Paul’s letter pointed out that the price of oil in dollars has risen 39 percent this year. Oil in Euros has only risen 30 percent, resulting in degraded purchasing power of the dollar of at least 80 cents of the increased price of a gallon of gas.

“Neither the Federal Reserve nor the Treasury Department have been willing to take responsibility for the dollar’s slide over the past several years, while American consumers have been forced to pay continually higher prices for gasoline, heating oil and numerous other imported products upon which Americans depend,” Paul noted in his letter. “American consumers cannot afford to allow continued lax Congressional oversight of the Federal Reserve and the Treasury Department’s duties as stewards of the dollar, especially since the dollar is a major factor in the skyrocketing price of oil.”

Besides himself, 16 other Members of Congress signed on to the letter, including ranking member of the House Committee on Financial Services Spencer Bachus, and Chairman of the Republican Study Committee, Rep. Jeb Hensarling.

[link to www.roguegovernment.com]

Scor~Pios -AKA- Pit Viper

'When the people fear their government, there is tyranny;
When the government fears the people, there is liberty.'
Thomas Jefferson

Never underestimate the stupidity of the American people.

"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds." - Samuel Adams

Anonymous Coward
User ID: 287211
7/2/2008 4:40 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote
It amazes me how people hide from his strength.

Anonymous Coward
User ID: 424156
7/2/2008 8:41 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote

Anonymous Coward
User ID: 436549
7/2/2008 10:03 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote
He is a true leader, no one else seems very concerned...

Anonymous Coward
User ID: 401342
7/2/2008 10:06 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote
He is a true leader, no one else seems very concerned... Quoting: Anonymous Coward 436549 The ONLY man that would've taken the steps to correct things. He was right in front us, and the sheep ignored him.

Anonymous Coward
User ID: 272356
7/2/2008 10:07 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote
I love this man. Why oh why did not enough people see his keen intelligence and leadership ability. McCain is a joke compared to this gentleman.

Anonymous Coward
User ID: 108861
7/2/2008 10:45 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote
I believe there are traitors in high places.

Anonymous Coward
User ID: 453178
7/2/2008 11:45 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote
it is blatant that they drowned him out because of his clear ability to see and want to fix real problems. anyone with a brain could see that he was not "meant" to win by those who determine public opinion

**Scor~Pios** Subscriber

Thought Criminal
User ID: 461938
7/3/2008 1:15 PM

Re: Paul Calls For Hearings On Falling Dollar

Quote

All of the above AC's are right. Why are people either so blind or afraid of Ron Paul?

Psychotronic420
User ID: 462414
7/3/2008 1:36 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote
All of the above AC's are right. Why are people either so blind or afraid of Ron Paul? Quoting: Scor~Pios Because Ron Paul is "THE ONE"..all the blue pill ppl don't want to awaken from their comfy sleep.......red pills for everybody NOW!!!....... Cheers

**Scor~Pios** Subscriber

Thought Criminal
User ID: 461938
7/3/2008 1:39 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote
Scor~Pios -AKA- Pit Viper 'When the people fear their government, there is tyranny; When the government fears the people, there is liberty.' Thomas Jefferson Never underestimate the stupidity of the American people. "It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds." - Samuel Adams

Anonymous Coward
User ID: 436549
7/3/2008 2:11 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote

Evil Twin Subscriber

Forum Moderator
User ID: 462397
7/3/2008 2:34 PM

Re: Paul Calls For Hearings On Falling Dollar	Quote
Maybe congress will listen to Rep. Jeb Hensarling. We can hope This is my helmet. There are many like it, but this one is mine.

**Scor~Pios** Subscriber

Thought Criminal
User ID: 461938
7/3/2008 2:40 PM

Re: Paul Calls For Hearings On Falling Dollar

Quote

Maybe congress will listen to Rep. Jeb Hensarling.

We can hope

Quoting: Evil Twin

Does congress listen to anyone?

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