Paul Subcommittee to Examine Sound Money and Parallel Currencies
Congressman Ron Paul, Chairman of the Domestic Monetary Policy and
Technology Subcommittee, announced today that the subcommittee will hold a
hearing to examine sound money and parallel currencies.

"The American people have suffered for decades from the declining purchasing
power of the dollar. The Federal Reserve has abused its position as the
monopolist issuer of currency to enrich Wall Street and impoverish Main
Street," stated Chairman Paul. "The Fed can effectively create money out of
thin air with impunity, while creators of gold and silver currencies face
jail time. This is a travesty. The only way to stabilize the economy is to
return to monetary freedom by legalizing Constitutional money. Until the
American people are free to choose the money they want to use, and not what
the government forces them to use, the economy never will be truly stable
and any recovery will be illusory."

The hearing, entitled "Sound Money: Parallel Currencies and the Roadmap to
Monetary Freedom," will be held on Thursday, August 2nd, at 10:00 a.m. in
room 2128 of the Rayburn House Office Building.

Witnesses scheduled to testify:

· Dr. Richard Ebeling, Professor of Economics, Northwood University

· Nathan Lewis, Principal, Kiku Capital Management LLC, and Author, Gold:
The Once and Future Money

· Rob Gray, Executive Director, The American Open Currency Standard