this is from chris powell of gata. while he is grateful to congressman ron paul for being the only one on capitol hill willing to take on the fed and treasury, these are the questions he would like to see asked:

1) Are the Fed or the Treasury intervening or encouraging or subsidizing certain actions by others in the precious metals and general equities markets, just as the Fed and Treasury commonly intervene in the currency and bond markets?

2) Does the U.S. government have any connection to the derivative positions in gold, silver, and interest rates built up at JPMorganChase and other financial houses?

3) Why is the Federal Reserve refusing to disclose all its records involving the U.S. gold reserve?

4) How often does the President's Working Group on Financial Markets meet? What does it do? Does it intervene in the stock market or encourage certain actions in the market by third parties? Does it keep records of its proceedings? Are those records available to the public? If not, why not?

5) Do the Fed and the Treasury convey to certain financial houses information that is not simultaneously available to all other market participants? Exactly what private communications do Fed and Treasury officials have with financial houses? What is the necessity of that privacy? How does that privacy not confer a favoritism that is potentially very lucrative?

Surely Paul himself could frame all these questions and many better ones without any help. Instead he always digresses and then at the last minute tiptoes up to a big issue only to have time run out with the Fed and the Treasury witnesses saved by the bell. Even as Paul knows better than nearly everyone else in Washington, it is hard not to wonder if he is afraid of being the one to prompt the answers he very well might get.