Ron Paul grills Bernanke: Wasn’t the Fed involved with Saddam and in Watergate?

posted at 6:33 pm on February 24, 2010 by Allahpundit

The CPAC straw poll winner explains it all to you. This isn’t the strangest conspiracy theory he’s ever dropped on the Fed, but it’s a nice peg for David Harsanyi’s column this morning on the rEVOLution’s persistent delusion that Paul is the future of conservatism.

Let’s, for a moment, forget Paul (and how I wish this could be a permanent condition, considering the congressman is neither a serious politician nor—and I can’t stress this enough—a serious thinker)…

Paul isn’t a traditional conservative. His obsession with long-decided monetary policy and isolationism are not his only half-baked crusades. Paul’s newsletters of the ’80s and ’90s were filled with anti-Semitic and racist rants, proving his slumming in the ugliest corners of conspiracyland today is no mistake.

Perhaps the greatest tragedy of Paul is that thousands of intellectually curious young people will have read his silly books, including End the Fed, as serious manifestoes. Though you wouldn’t know it by listening to Paul or reading his words, libertarians do have genuine ideas that conservatives might embrace.

The line about anti-semitic and racist rants naturally prompted an angry backlash from the doctor’s cult, for which Harsanyi was well prepared. As for the clip, it’s worth watching mostly for Bernanke’s response — and for Barney Frank’s, who may be goofing on Paul in saying the committee will pursue his inquiry or may not. I’m guessing it’s the former given the uncontrollable giggling by the congressman on the left side of the screen.

Your exit quotation comes from one of Paul’s three Republican challengers (yes, really) in Texas: “Ron Paul is literally the most ineffective member of Congress… He talks about ending the IRS, ending the Fed, (restoring) the gold standard. But we’re not going back to the gold standard anytime soon. Why don’t we talk about reducing taxation, reducing legislation, cutting spending in Washington?”

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From the man who allowed the creation of the Fed:

“I am a most unhappy man. I have unwittingly ruined my country.
A great industrial nation is controlled by its system of credit.
Our system of credit is concentrated. The growth of the nation,
therefore, and all our activities are in the hands of a few men.
We have come to be one of the worst ruled, one of the most completely
controlled and dominated governments in the civilized world.
No longer a government by free opinion, no longer a government by
conviction and the vote of the majority, but a government by
the opinion and duress of a small group of dominant men.”

Attributed. In reference to signing the Federal Reserve Act in 1913. Most likely a compilation of 2 quotes from his book The New Freedom, 1916. No source found for “I am a most unhappy man. I have unwittingly ruined my country.”

riverrat10k on February 25, 2010 at 10:18 AM

Now that the spigot have been shut off and the equity markets have turned a blind eye to the irresponsible United States, we’ll see how well an economy heavily dependent on consumer spending (approximately 70%) moves ahead.

Pitchforker on February 24, 2010 at 8:37 PM

Kinda like playing penny-ante poker forever, winning every night, and wondering why you are not getting any richer.

riverrat10k on February 25, 2010 at 10:27 AM

Ron Paul has forgotten more about The Fed and economics than you people will ever know. Do you really believe he just pulled those questions out of thin air for no reason at all?

Also interesting how Bernanke did not answer the question, rather called it “bizarre” as a dodge.

uncontrollable giggling by the congressman

There’s nothing funny about the Fed’s nefarious shenanigans, and if those chuckleheads aren’t aware of accusations against the Fed, both past and present, then they have no business asking Bernanke questions. Maybe they should go join the Government Motors owners at the Toyota Show Trial and get their kicks there (and Allah could stick to what he knows best; shilling for Mandate Mitt RomneyCare, perpetual war, torture, Constitutional assaults to keep us “safe”, and banksta bailouts).

Geez, you’d think you people, above all, would want to know if The Fed funneled the 2003 NeoClown Enemy Number One, Sad-um, billions of dollars via the Fed.

David Harsanyi’s column

It was a vacuous hit piece; no substance at all. Right up your alley.

Rae on February 25, 2010 at 10:28 AM

CapedConservative on February 25, 2010 at 5:54 AM


riverrat10k on February 25, 2010 at 10:36 AM

Ron Paul rants and talks, however never produces any results. And if he’s going to accuse, then Paul must be prepared to present evidence to support claims instead of (((((CRICKETS)))))!

byteshredder on February 25, 2010 at 12:28 PM

is “Dr Paul” a gay conservative?

MeatHeadinCA on February 24, 2010 at 7:19 PM

Every time I’ve seen him, he looks kinda angry.

MarkTheGreat on February 25, 2010 at 12:42 PM

I should have been a psychiatrist because I’m always curious what makes people like him tick and why people follow somebody like this as if they were a Savior of sorts.

TheBigOldDog on February 24, 2010 at 7:19 PM

I’m not a psychiatrist, but I play one on the internet.

I believe it’s the same thing that drives conspiracy nuts in general.
The problem is that most of them are losers in real life. By joining with the conspiracy crowd, they get to feel special. They have access to “secret” information, that the rest of the world isn’t smart enough to understand. Only they, and the rest of their “in” crowd, get it.

That’s why conspiracy nuts get so angry when you challenge their particular fantasy. You are threatening the one thing in the world that makes them feel special. It’s also why they bend themselves into logistical pretzels trying to find ever more bizarre arguments to defend their particular version of reality.

MarkTheGreat on February 25, 2010 at 12:47 PM

The inconvenient truth for all you is that the Neocon movement is mostly aging seniors (protective of their Medicare of course) while Paul’s movement is infused with youth.

The Dean on February 24, 2010 at 7:32 PM

This from the guy who declared that Palin is secretly planning to endorse Paul.

MarkTheGreat on February 25, 2010 at 12:51 PM

The ignorance in this place is astounding.

Pitchforker on February 24, 2010 at 7:35 PM

Someone was asking where all the conspiracy nuts are.
They’ve arrived.

MarkTheGreat on February 25, 2010 at 12:52 PM

Wow. Rush has educated you very poorly. Article 1 Section 8. Go read it. Which body has the authority to coin money and regulate the value thereof? Think…..
Pitchforker on February 24, 2010 at 7:42 PM

You actually believe that this means that unless the printing presses are in the basement of the capital hill, it’s unconstitutional?

MarkTheGreat on February 25, 2010 at 12:55 PM

I understand his views are sometimes extreme but of all the members of Congress I believe only he has his country’s best interests at heart.

repvoter on February 24, 2010 at 7:47 PM

He’s a kook, but that’s ok, because he’s a sincere kook.

MarkTheGreat on February 25, 2010 at 12:58 PM

While I’ve been as critical as anyone at much of the current Jewish community’s stance in favor of Bush

In what alternate reality?

MarkTheGreat on February 25, 2010 at 1:01 PM

Keynesian economics is more or less theft, via currency manipulation.

Pitchforker on February 24, 2010 at 8:37 PM

Apparently you have no idea what Keynsian economics is either.

MarkTheGreat on February 25, 2010 at 1:09 PM