Economist With Financial Services Committee For Eleven Years, Assisting With Oversight of the Fed, Lends Support to Ron Paul’s Questions

(WashingtonsBlog) – Today, Ron Paul accused the Federal Reserve of having a hand in nefarious plots such as Watergate and arming Saddam Hussein. House Financial Services Committee Chair Barney Frank said that the Committee should look into it. Continue reading

Video: Ron Paul – Allow The Free Market, Not The Fed, To Set Interest Rates

In his latest appearance on CNBC, Ron Paul explains to ‘In Fed We Trust’ author and Bernanke apologist David Wessel why we should end the Federal Reserve’s power to set interest rates and engage in central economic planning. Wessel concedes that the Fed has been too secretive for its own good and has become the victim of public anger against bank bailouts. He goes on to perpetuate the myth that we live in a ‘capitalist democracy’ and that such an organization needs an ‘independent’ central bank. Ron Paul counters that the system is already thoroughly politicized and that we don’t have true capitalism, but crony capitalism and economic interventionism. Continue reading

Economic Crisis: The Sovereign Debt Bubble – Bob Chapman

(GlobalResearch) – When the next census is over America will probably have 320 million people. The number of Americans 50 years ago was about 184 million. Our budget then was about $100 billion. Today it is supposed to be $3.8 trillion. We call that spending gone wild. Government control of the economy has become bigger and all consuming at what will prove to be an unsustainable pace. Markets are telling us the world has serious sovereign debt problems as witnessed recently with the financial debacles in Ireland and now Greece with others to follow. Continue reading

Video: Max Keiser goes mad on US ‘toilet paper’ deals

(RussiaToday) – With the global economic climate still gloomy, what exactly are American financiers doing to tackle the problem? In 17 episode of the Keiser Report, Max Keiser gives a dramatic example of what’s going on in the banking sector and who is to blame. Continue reading

Video: Gerald Celente – Fascism is Coming to America

(CNNRadio) – “This time they will close the banks not only Wall street” – “When greedy people are losing a lot of money expect a world scale war” – Celente Continue reading

Exclusive: The Bank Of England Engaged In Flagrant Gold Manipulation In The Interwar Period Via The New York Fed; Does History Repeat Itself?

(ZeroHedge) – An article written by University of Tennessee professor John R Garrett, “Monetary Policy and Expectations: Market-Control Techniques and the Bank of England, 1925-1931“, which describes in exquisite detail the gold falsification measures undertaken by the Bank of England in the interwar period in order to impact interest rates in a favorable direction, performed with the full criminal complicity of the Federal Reserve Bank of New York, may mean paranoid “gold bugs” could soon be forever absolved of their “tin hat” wearing status as outright gold, and other data, manipulation by a major central bank is now proven beyond doubt. The implications regarding the possibility of comparable deceitful and treasonous acts by modern central bankers are staggering. Continue reading

China to Sell U.S. Assets

(WashingtonsBlog) – Something big is happening in China which could have a huge effect on the American economy.
On Tuesday, Reuters reported:

Senior Chinese military officers have proposed that their country … possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.

Continue reading

Why Has the FDA Allowed a Drug Marked ‘Not Safe for Use in Humans’ to Be Fed to Livestock Right Before Slaughter?

(AlterNet) – While researchers and scientists investigate the cause of our diabetes, obesity, asthma and ADHD epidemics, they should ask why the FDA approved a livestock drug banned in 160 nations and responsible for hyperactivity, muscle breakdown and 10 percent mortality in pigs, according to angry farmers who phoned the manufacturer. Read More Here

Sovereign Debt Fears Signal New Stage of Global Crisis

Stock markets in Europe and Asia fell sharply Friday in the second day of a near-panic selloff fueled by fears that the debt crisis facing weaker European economies will throw the world economy into a “double-dip” recession. Continue reading

MSM: Revealed – See Who Was Paid Off In The AIG Bailout

(HuffingtonPost) – A key question at the heart of the controversial bailout of AIG is just how much money the government lost. The Federal Reserve and Treasury Department have worked to keep that number secret and to conceal who was on the winning end.
An unredacted document obtained by the Huffington Post shows the damage in detail. Read More Here

Video: Geithner Told To Quit After E Mails Reveal Involvement In AIG Cover-up

(PaulWatson) – Treasury Secretary Timothy Geithner’s denial that he played any role in the AIG cover-up is contradicted by emails which confirm that both Geithner and the New York Federal Reserve were both intimately involved in keeping details about payments to banks including Goldman Sachs from the public. Continue reading

Video: Bob Chapman – Goldman Sachs are buying guns and getting ready for the worst

(RadioLiberty) – It is the brotherhood of darkness explain Bob Chapman , the bankers have owned the government , by the American marines will never shoot at American people , if the foreign troops are brought to America they won’t leave alive says the international forecaster Bob Chapman , there will be a revolution if we cannot change things in a peaceful manner , and audit the FED , …the Goldman Sachs people know this very well , in fact they are all buying arms to their teeth and getting ready for the worst… Video Link Here

Video: Legalize Competing Currencies – Ron Paul

(C4L) – Much has been made recently about the supposed economic recovery. A few blips in a few statistics and many believe our troubles are all over. Of course, they have to redefine recovery as “jobless” to account for the lack of improvement on Main Street. But the banks have money, Wall Street is chugging along, and the administration would like to get on with other agenda. Continue reading

Economy

9 banks teetering after bad land bets

After betting heavily on real estate lending, about a third of Utah’s smaller community banks are teetering between collapse and survival after the worst land-value crash in memory. Read More Here

(Bloomberg) – Video: Jim Rogers Discusses Bernanke Reappointment – Fed Policy Video Link Here

(CNBC) – Ron Paul on CNBC’s Squawk Box: Debate on Bernanke and the Fed Video Link Here

(Bloomberg) – Fed E-Mail to Geithner Cites Bank Benefit From AIG

Timothy F. Geithner, who has denied that the financial condition of American International Group Inc.’s bank counterparties was a consideration in structuring the insurer’s bailout, was told by a senior colleague that the rescue was a way to remove “uncertainty” for the firms. Read More Here

(WSJ) – DynCorp’s Iraq Contracts With U.S. Are Scrutinized

The U.S. State Department is struggling with its accounting for billions of dollars spent on police-training contracts in Iraq with DynCorp International Inc. Read More Here

(Reuters) – Record number of young Americans jobless

The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday. Read More Here

Pete DuPont: Coming Tax Hikes Will Cause Greater Economic Collapse Than 2008-09

Wall Street Journal op-ed, An Economic Time Bomb: Even If Congress Does Nothing, Tax Hikes Will Hit Hard a Year From Now, by Pete DuPont (Chairman of the Board, National Center for Policy Analysis): Read More Here

(TampaBay) – Pinellas County’s $40 million shortfall will mean layoffs and program cuts

Pinellas County needs to cut spending by 10 percent to solve a $40 million budget deficit for next year, County Administrator Bob LaSala announced Tuesday. Read More Here

America’s Impending Master Class Dictatorship

(Kitco) – FOREWORD: At certain times, focusing on the big picture is important not just for investment success, but for personal welfare, and even survival. We believe such times are here. It is estimated that 98% of Americans have never held a gold coin in their hands. Yet 100% of Americans regularly handle Federal Reserve Notes. Continue reading

Mobilize Now To Oust Bernanke As Fed Chair – Webster G. Tarpley

In the aftermath of the Massachusetts Senate vote last Tuesday, we now have a concrete fighting chance to block the reappointment of Wall Street puppet Ben Bernanke as the chairman of the Federal Reserve Board of Governors by preventing his Senate confirmation next week. Continue reading

Theft! Were the US & UK central banks complicit in robbing the middle classes? – Albert Edwards

(ZeroHedge) – Mr Bernanke’s in-house Fed economists have found that the Fed wasn’t responsible for the boom which subsequently turned into the biggest bust since the 1930s. Are those the same Fed staffers whose research led Mr Bernanke to assert in Oct. 2005 that “there was no housing bubble to go bust”? The reasons for the US and the UK central banks inflating the bubble range from incompetence and negligence to just plain spinelessness. Let me propose an alternative thesis. Did the US and UK central banks collude with the politicians to ‘steal’ their nations’ income growth from the middle classes and hand it to the very rich? Continue reading

Video: Ron Paul on Competing Currencies

(C4L) – In his special order speech on Wednesday, Dr. Paul talks about the need to legalize competing currencies and outlines the steps necessary to do so. Continue reading

The Secret Bank Bailout

There’s one method that the Federal Reserve has been employing to shovel money to the bank elite that is rarely mentioned, though I hear the sums that have been shoveled are in the billions and they are showing up on the books of firms like Goldman Sachs as pure profit. It’s really pure scam. Continue reading

Video: Government Is Too Big to Succeed – Ron Paul

Last week, the Financial Crisis Inquiry Commission kicked off their first round of hearings on the causes of the economic meltdown on Wall Street. The commission is being compared to the the Pecora Commission launched in 1932 to investigate the causes of the Great Depression. The Pecora commission is beloved by those who believe the solution to every problem is more laws because it was used to justify a number of new laws, including Glass-Steagall. Of course, none of those laws addressed the real causes of the Great Depression. It was the introduction of unsound monetary policy and central economic planning pursued by the Federal Reserve that really threw everything off balance. The Fed was founded in 1913 to stabilize the economy and prevent a recurrence of the short-lived Panic of 1907, but instead it promptly produced the Great Depression which lasted more than 15 years. Continue reading

Is The U.S. Economy Being Tanked By Mistake or By Intent?

(LewRockwell) – The government wants Americans to believe the greatest economic collapse in history was the result of ineptness and mistakes yet still have confidence in their financial institutions. Continue reading

Obama’s Executive Orders and the Constitutional Militia

(NewsWithViews) – While a bit unusual, this column is going to be audio.  Events are happening at hyper speed and I want to talk to you as we go through these items one by one so we can all see the bigger picture.
The Internet has literally been melting down the past week over the second, dangerous Executive Order issued by Marxist Barack Obama. Below are links to the documents I wish to bring to your attention. Not only are these Executive Orders an in your face blueprint for tyranny, the timing is what should concern everyone. Continue reading

Racketeering 102: Fed’s Lacker Threatens With Mutually Assured Destruction If Fed Audited

(ZeroHedge) – It was a four short months ago that the Clearing House Association, in a court filing, threatened with untold destruction if the Fed was ordered to submit to an audit that would expose all their dirty laundry in the form of undervalued assets used as collateral by the Federal Reserve. We recall the direct threat used back then: Continue reading