Regulate The Value Thereof

Not to say, "provide for the Punishment of counterfeiting the Securities and current Coin of the United States". Congressman Ron Paul has been appointed to head the Domestic Monetary Policy Subcommittee of the House Financial Services Committee in the 112th Congress. The subcommittee has jurisdiction over monetary policy, currency, commodity prices, and matters related to the Federal Reserve Bank generally. Yes, the Fed. And yes, the man who wrote End The Fed. Well, audit it, anyway.

Meanwhile, there is also the power "To define and punish Piracies and Felonies committed on the high Seas, and Offenses against the Law of Nations", and that to "suppress Insurrections and repel Invasions", on which Philip Giraldi writes:

"Yesterday the US Congress approved $205 million for Israel’s Iron Dome anti-missile system. That was on top of $200 million previously allocated for Israel’s Arrow and David’s Sling development programs. Now, one might question approving nearly half a billion dollars for a foreign country at a time when budgets for programs in the United States are being axed, so it is definitely convenient that the US public will not know about the vote as it has not been reported anywhere in the US mainstream media. The article I saw was in today’s Haaretz.

But the most interesting part of the story was the vote itself: 212 in favor and 206 against. Israel is accustomed to 400 yes’es nearly all the time. Is it possible that the US Congress is finally developing a backbone? Or a conscience?"