(CampaignForLiberty) – Is Sovereign Debt Crisis Contained to Subprime? – Peter Schiff
As Americans observe the chaos in Greece, most assume that the strength of our currency, the credit worthiness of our government, and the vast expanse of two oceans, will prevent a similar scene from playing out in our streets. I believe these protections to be illusory. Read More Here
(IsraelFinancialExpert) – The Euro Crisis and the Euro Collapse- A run on the banks is Imminent – Read More Here
(BullionBullsCanada) – The Silver Price Spiral, Part III: tomorrow
In Part I of this series, I introduced readers to the idea that the price of silver could soar to levels which would even surprise most silver-bulls. In Part II of this series, I pointed out that when our “paper inventories” of silver are exposed that this, alone, sets up the silver market for an enormous price-shock. In Part III of this series, I will discuss how silver has perhaps the most-bullish demand fundamentals of any commodity in history Read More Here
(AZFamily) – Video: Hundreds seek to fill vacant positions at Pro’s Ranch Market
Job hunters turned out in the hundreds to fill recently-vacant positions at Pro’s Ranch Market stores, where a federal audit led to the firing of some 300 workers. View Video Here
(CityWire) – Would You Put Up With What is Being Asked of the Greek People?
Want to know exactly why public anger in Greece is running at such explosive levels? Then take a look at the austerity measures currently being debated by the Greek parliament. Read More Here
Why is the Federal Reserve so afraid of openness and accountability? – Read More Here
(GlobalResearch) – Financial Manipulation and Inside Information: Did the Stock Market Drop Or Was It Pushed? – Danny Schechter
The Wall Street Journal headline on the day after we almost lost the market reported that the wise men on the Street were “baffled” by the big drop Thursday. The Financial Times called the event “Shambolic” as if only a shaman can decode it. Read More Here
(BusinessInsider) – Wealth And Inequality In America: The Rich are getting Richer and the Poor are getting Poorer – Gus Lubin – Read More Here
(FinancialTimes) – Plunge in US equities remains a mystery
The day after $1,000bn was briefly wiped off the market value of US equities, traders were still trying to work out what caused share prices to plunge and then rebound so dramatically in a matter of minutes. Read More Here
(ComingDepression) – Unmentioned: USA slaps more tariffs on China
“The U.S. Department of Commerce said yesterday that it has set preliminary anti-dumping duties on refined Chinese and Mexican copper pipe worth hundreds of millions of U.S. dollars.”
Unless we wake up in the West to what has happened with China monopolizing the world manufacturing sector and supplying easy credit to keep buying their products, we’ll end up like Greece too. China is acting on emotion to sustain its country because if the people there are jobless, we stop buying their stuff – they will collapse into civil strife. Read More Here
(Spiegel) – Huge National Debts Could Push Euro Zone into Bankruptcy
Greece is only the beginning. The world’s leading economies have long lived beyond their means, and the financial crisis caused government debt to swell dramatically. Now the bill is coming due, but not all countries will be able to pay it. Read More Here
(HuffingtonPost) – Stock Market Collapse: More Goldman Market Rigging? – Ellen Brown
Goldman and Wall Street reign. Congress appears helpless to discipline the big banks, just as the European Central Bank appears helpless to prevent the collapse of the European Union. . . . Or are they? Read More Here
(Current) – Thomas Jefferson – Banks more Dangerous than Armies
Banking institutions, paper money, and paper speculation are capable of undermining the nation’s stability and could be a danger in time of war. The Constitution does not empower the Congress to establish a National Bank. Rather than trust the nation’s currency to private hands, the circulating medium should be restored to the nation itself to whom it belongs. Read More Here
Perhaps no other force had as much to do with stabilizing the financial system during the crisis as the Federal Reserve. And no other influence is shrouded in so much mystery. Although its tactics were hugely successful, the Fed has become incredibly controversial due to its secrecy. It has some politicians on both sides of the aisle calling for an audit to enhance transparency. But the Senate amendment — sponsored by Sen. Bernard Sanders (I-VT) — changed significantly on Thursday and lost much of its bite. Read More Here
(AP) – FDIC shuts banks in Fla., Minn., Ariz., Calif.
Regulators on Friday shut down banks in Florida, Minnesota, Arizona and California, bringing the number of U.S. bank failures to 68 this year. Read More Here
(TheComingDepression) – Mortgage fraud in Canada highlights tumbling market
“The Bank of Montreal has been hit by a huge mortgage fraud in Alberta that may cost it $30 million, a report said. The bank is suing hundreds of people in connection with the scam, including lawyers, mortgage brokers and four of its employees, CBC News said, citing legal documents.”
The case may be the largest mortgage fraud in Canadian history, generating about $140 million, with funds channeled as far as Lebanon, India – Read More Here
Video: Rep. Alan Grayson: You Own the Red Roof Inn, Thanks to the Fed
Rep. Alan Grayson discussed the Federal Reserve’s purchase of debt from Bear Stearns, including debt from recently foreclosed Red Roof Inn’s.
In fact, my forecast is for systemic failure. Its primary elements will be a failed US banking system (as in seizure) and a USTreasury Bond default (as in coerced restructure). Again, martial law and declaration of economic emergency will be the final solution. The prison camps will become debtor prisons and warehouses for illegals, maybe a processing plant for those who refuse virus vaccination. Read the rest of this entry »
(Bloomberg) – On Wednesday, Congressman Paul appeared on Bloomberg TV to discuss the Fed’s role in creating the financial crisis, how it has destroyed our economy, and the alternative presented by a free market. Read the rest of this entry »
Although America successfully seceded from the British Empire in 1776, today, more than 200 years later, it is in no way “independent.” Its many dependencies include its reliance on debt to finance its operations; it looks to foreign manufacturers to provide basic goods; it is at the mercy of oil sheiks for its energy needs; and, it depends on global and regional organizations like the United Nations, NATO, and other entangling alliances to conduct diplomacy. Read the rest of this entry »
(RawStory) – The institution which creates and oversees America’s currency wants to keep a “low profile,” according to a published report on Monday, and may willing to dodge the U.S. Treasury in order to do so. Read the rest of this entry »
(RonPaul) – On Constitution Day 2009, Dr. Paul announces that HR 1207 has reached two-thirds of the House and is now eligible for consideration under suspension of House rules. Read the rest of this entry »
“The entire federal government,” laments Congressman Ron Paul in his newest book, End the Fed, “is one giant toxic asset at the moment. It certainly has no business telling the private sector how to run its affairs. It is in worse financial shape than all the companies in the private sector put together.” Read the rest of this entry »
(LewRockwell) – The US Central Bank, called the Federal Reserve, was created in 1913. Just in time to finance our well intentioned but disastrous intervention in a major European war, against all warnings by our Founding Fathers. Read the rest of this entry »
(August 21st, 2009) – “If HR1207 doesn’t pass, the people will be outraged” + “The elite want a global paper currency run by the UN and IMF” + “Even welfare state supporters realize that the system isn’t viable” Read the rest of this entry »
And so the guns come out blazing. The Clearing House Association, another name for all the banks that were bailed out over the past year with the generous contributions from all of you, dear taxpayers, are now threatening with another instance of complete systemic collapse if Bloomberg’s lawsuit is allowed to proceed unchallenged, let alone if any of the “Audit The Fed” measures are actually implemented. Read the rest of this entry »
“Paper money eventually returns to its intrinsic value —- zero.” – Voltaire
I’ve read and witnessed various pundits during the Presidential campaign describe Ron Paul as crazy. The corrupt tax and spenders in Congress know their days would be numbered if they followed his vision of government. After reading his tremendously sane rebuke of Ben Bernanke and the policies of his Federal Reserve, I’m reminded of a classic scene from Seinfeld. Read the rest of this entry »
In an interview released today by Digg and the Wall Street Journal, Treasury Secretary Timothy Geithner was pressured about the growing popular movement to Audit the Fed spearheaded by Texas Congressman Ron Paul. A visibly uncomfortable Geithner attempts to dismiss the question by stating “I’m sure people understand that you want to keep politics out of monetary policy.” Read the rest of this entry »
The Federal Reserve’s unprecedented intervention into the U.S. economy has inflamed more Americans than almost any other issue in recent memory. More than 75 percent of Americans now support an audit of the Federal Reserve system, and it’s no wonder. Read the rest of this entry »
(July 29th,2009) – Alex welcomes back to the show Texas Congressman and former Republican presidential candidate Ron Paul. Paul’s bill, H.R. 1207, the Federal Reserve Transparency Act of 2009, has gained tremendous momentum since it was introduced in the House last February. Read the rest of this entry »
In a sign of the growing movement to end the Fed, the bastion of the economic status quo – the Wall Street Journal – published an OpEd today entitled “Let’s Break Up the Fed” and subtitled “The Federal Reserve has done a terrible job at financial regulation. Why give it more power?”. Read the rest of this entry »
(WSJ) – Rep. Ron Paul usually stands far outside the mainstream in Congress, particularly in his campaign to kill the Federal Reserve. But the Texas Republican now has the bulk of his colleagues standing alongside him in a fight against the central bank’s autonomy. Read the rest of this entry »
(C4L) – On Wednesday, July 22, 2009, Dr. Paul appeared on MSNBC to discuss transparency and secrecy at the Federal Reserve, the historic movement to Audit the Fed, and what can be done to ensure HR 1207/S 604 pass the House and Senate. Read the rest of this entry »
(C4L) – In his latest C4L video, Dr. Paul gives an update on progress in the House and Senate to Audit the Fed, and presents his perspective on tactics our opponents may use to attempt to water down or block this historic legislation. Read the rest of this entry »
(RussiaToday) – Congressman Ron Paul and 263 other members of Congress are demanding an investigation into the U.S. Federal Reserve system, igniting a battle between members of Congress and the American financial elite, who say auditing the Fed would result in ‘grave consequences’. Read the rest of this entry »
The following individuals whose primary goal in life is getting tenure and publishing a textbook, yet believe they have a voice in deciding whether over 300 million American people should know just whose interests the Fed so staunchly protects, have issued an open letter to Congress and The Executive Branch, demanding that no one ever dare tinker or have audit powers over the private institution that is the Federal Reserve. Read the rest of this entry »
On Wednesday, July 8th, Dr. Rand Paul joined guest host Judge Napolitano on the Glenn Beck show to discuss the federal government’s plans to completely take over healthcare. Next: senator Jim DeMint discusses the Federal Reserve and the recent block by Senate Democrats of his attempt to bring S 604, the Senate version of Ron Paul’s Audit the Fed bill, HR 1207, to the Senate floor as an amendment. Read the rest of this entry »
Congressman Ron Paul has vowed that he will not be stopped in his effort to audit the Federal Reserve, as he slammed Senate authorities for blocking the bill earlier this week. Read the rest of this entry »
A Senate amendment based on Congressman Ron Paul’s successful House bill to audit the Federal Reserve was blocked by the Senate yesterday evening on procedural grounds, as Jim DeMint slammed the Fed for refusing to disclose where trillions in bailout funds had gone, while a top Obama administration advisor called for a second “stimulus” package to be prepared. Read the rest of this entry »
Senator Jim DeMint (R-SC) is blocked by Senate Democrat Leadership from having a vote on his amendment to audit the Federal Reserve, based on a bill authored by Congressman Ron Paul (R-Texas) in the House, H.R. 1207, and Senator Bernie Sanders (D-Vermont) in the Senate, S. 604. Read the rest of this entry »
At the Cato Institute June 24, 2009, Congressman Paul made his case on behalf of greater transparency in how the Fed makes its decisions. Read the rest of this entry »
