The Republicans will soon ascend to power, at least in the House of Representatives. The country waits for signals to determine whether this election is true change or merely the replacement of one set of criminals with another.
The center of corruption and the source of government funding is the Federal Reserve and the banking system. The shady partnership between Washington and Wall Street has been revealed in this financial crisis. The fraud that accompanies fiat money, central banking and fractional-reserve banking is what made the bubble possible.
Public sentiment has turned against this cabal and is looking for action that will prevent a repeat performance. Most know that the recent Financial Regulation bill is a sham that really does not address the problems that caused the crisis.
Republicans coming into office have a chance to remedy this mess. Regardless of whatever else they do, this area represents an immediate litmus test for their sincerity. Are they going to behave differently than the other party or are they just a different criminal gang taking their turn?
The litmus test involves the appointment of the Chair of the House Financial Services Committee. Ron Paul, folk and Tea Party hero, is in line for the position. He has been correct over the years on his assessment of the Fed as well as many other economic matters. Many believe he is just the man to cut the Fed down to size. If Ron Paul is appointed, it will mean that Republicans are interested in change and cleaning up problems.
If not, then it signals that the Washington-Banking Cabal is going to continue to prey on the public. More importantly, it signals that there has been no change in Washington other than John Gotti replacing Al Capone.
Initial reports on which direction will be taken are indefinite. There is, of course, a part of the party that wants no change. According to the Market Ticker, sources report:
Five GOP leadership aides, speaking anonymously because a decision isn’t final, say incoming House Speaker John Boehner has discussed ways to prevent Paul from becoming chairman or to keep him on a tight leash if he does.
The American people are not looking for the furniture to be dusted. They want it broken up and replaced.
Other than increasing funding for ObamaCare or NPR, it is difficult to imagine a more damaging start for the Republicans than not appointing Mr. Paul to this position.
[...] The Fed, Ron Paul and Repub’s Litmus Test [...]