US monetary system: Robber Baron-era design makes US debt peons forever. You knew that, right?

“At first blush, a man is not capable of reporting truth; he must be drenched and saturated with it first.” – Henry David Thoreau, I to Myself.
As I’ve previously written, the interest payment on the national debt is now ~$450 billion every year, there is no plan to ever repay the debt (we only pay the interest), and our monetary system only and always creates money as debt: condemning us to perpetually increasing debt for ourselves and our posterity. Continue reading

Video: Barney Frank vows to “wall off” Fed from monetary scrutiny, warns Bernanke to brace for audit

Barney Frank warns Bernanke that he might be forced to embrace a compromised version of Ron Paul’s ‘Audit the Fed’ bill; promises to “wall off” attempts to examine monetary policy Continue reading

India, China, Russia and Several EU Central Banks Buying Gold

(WashingtonsBlog) – India’s central bank is buying 200 metric tons of gold from the IMF.
China, Russia and some EU central banks have also expressed interest in buying gold from the IMF or elsewhere. Continue reading

What Is Money? Part 13: Exported Inflation

If you think people are confused about monetary affairs inside the borders of the nation they live in, you should listen to their explanations of money outside the country, beginning with the idea of “money outside the country.” Continue reading

MSM: Gold Trades Near Record as Indian Central Bank Buys From IMF

(Bloomberg) – Gold traded within 0.5 percent of a record after India’s central bank bought 200 metric tons of the metal from the International Monetary Fund, heightening speculation about more official purchases. Continue reading

Film: Life & Debt

Life and Debt is a feature-length documentary which addresses the impact of the International Monetary Fund, the World Bank, the Inter-American Development Bank and current globalization policies on a developing country such as Jamaica. Continue reading

Video: Campaign for Liberty ~ Ron Paul Important News on Audit the Fed HR1207

(C4L) October 31, 2009 – In this Audit the Fed update, Dr. Paul explains what is happening with HR 1207 in the Monetary Policy Subcommittee, describes his plan to protect 1207 in the full Financial Services Committee, and provides ideas on actions we can take to keep Audit the Fed from being watered down.

Video: Peter Schiff issues a Red Alert “Get out of the US dollar”

The Case for Higher Interest Rates – Dollar Forced to Abdicate – Peter Schiff

For the most part, the value of the dollar is given cursory attention by the financial media. Typically, its movements are assigned an importance on par with much less determinative metrics such as natural gas futures and construction permits. It’s only when major milestones are reached that anyone really takes notice of the dollar. We are living through one of those times. Continue reading

2009 US economy: largest transfer of wealth to financial/political elite in global history

Political “leadership” of the two oligarchy parties spin their economic policy as being for the public benefit. Professional economists increasingly cast economic policy in unprecedented harsh criticism, even calling for public demonstrations against what they claim as gross violations of financial law. Let’s consider current facts of high importance: Continue reading

Barney Frank and the Planet of the Banks – Ralph Nader

What planet is Congressman Barney Frank on, anyway? It is the planet of the banks and other financial firms that keep his campaign coffers humming, as their chairman of the House Financial Services Committee. Continue reading

MSM: Recession Will Be ‘Full-Blown Depression’: Strategist

(CNBC) – This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street. Continue reading

An Imperial Strategy for a New World Order: The Origins of World War III

Introduction: In the face of total global economic collapse, the prospects of a massive international war are increasing. Historically, periods of imperial decline and economic crisis are marked by increased international violence and war. The decline of the great European empires was marked by World War I and World War II, with the Great Depression taking place in the intermediary period. Continue reading

MSM: Dollar loses reserve status to yen & euro

(NYPost) – Ben Bernanke’s dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title as the currency favored by central banks as their reserve currency. Continue reading

Video: Webster Tarpley on Jason Bermas – Demise of The Dollar & The IMF Takeover

Jason welcomes Webster Griffin Tarpley to discuss the demise of the dollar and the takeover of the world economy by the IMF, the G20 and the World Bank. Continue reading

Gold Touches a New Record

“Gold continues to climb…stoked by inflation worries,” says a headline in the International Herald Tribune.
Yesterday, it touched a new record – $1,050 – even as the dollar rose, oil slumped under $70 and stocks dipped very slightly. Continue reading

Iceland Political Leader Calls For Debt Moratorium As Government Crumbles

A leading member of the Icelandic parliament called Monday night for the country to declare a debt moratorium and stop attempting to pay the $6 billion which the British and Netherlands governments are seeking to extort from Iceland with the help of the International Monetary Fund and the European Commission in Brussels. Continue reading

MSM: UN calls for new reserve currency

(Breitbart) – The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the “privilege” of building a huge trade deficit. Continue reading

MSM: Unemployment to peak in 8-12 months – IMF chief

(Breitbart) – World unemployment will not peak for at least another eight to 12 months at least as the economic recovery takes root, the head of the International Monetary Fund said on Monday. Continue reading

MSM: Roubini Sees Stock Declines as Soros Warns on Economy

(Bloomberg) – New York University Professor Nouriel Roubini said stock markets may drop and billionaire George Soros warned the “bankrupt” U.S. banking system will hamper its economy, highlighting doubts about the sustainability of the global recovery. Continue reading

The IMF to Play Role of Global Central Bank?

The Dollar Needs to be Devalued by Half?

“A year ago,” said law professor Ross Buckley on Australia’s ABC News on September 22, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.” Continue reading

MSM: G-7 finance ministers warn recovery ‘fragile’

(Google) – Finance ministers from the Group of Seven rich countries warned the recovery remains “fragile” and tried to talk up the U.S. dollar amid fears it could fall farther and disrupt the global economy. Continue reading

Enraged by Fascist Insurrection

I refuse to accept the Unconstitutional and Fascist Government put into power by the FASCIST INSURRECTION and will resist these Traitorous Usurpers who make War on us in every possible way. Continue reading

World Bank and IMF join global attack on the dollar

In my emails to you over the past couple of weeks, I’ve shown you why Washington has no choice but to devalue the dollar — and how global leaders and even the United Nations have joined the attack on the greenback by demanding it be replaced as the world’s reserve currency. Continue reading

US economic decline forges new world order

The crisis is redrawing the world map of economic power as the influence of US consumer spending declines and major emerging markets like China and India take the lead, finance chiefs said. Continue reading

Video: Marc Faber No Revival in US, Big crisis ahead

(CNBC) – Oct 3, 2009 – Marc Faber, Editor and Publisher of the Gloom, Boom & Doom Report feels nothing has been solved in the US in the last 6-9 months and that a big economic crisis was still to be seen ahead. Continue reading

Video: Alan Grayson HR1207 Hearing

“Has the Federal Reserve Ever Tried to Manipulate the Stock Market?”

MSM: New world economic order takes shape at G20

(Reuters) – The Group of 20 is set to become the premier coordinating body on global economic issues, reflecting a new world economic order in which emerging market countries like China are much more relevant, according to a draft communique. Continue reading

Federal Reserve Admits Hiding Gold Swap Arrangements

The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about. Continue reading

Greenback Gases, Gold & the Coming Shift

Bankers in charge of our economies makes as much sense as candy makers being in charge of our diets Continue reading

Post-Bubble Malaise – Mike Whitney

We keep hearing that “The worst is behind us”, but the spin doesn’t square with the facts. Sure the stock market has done well, but scratch the surface and you’ll find that things are not as what they seem. Continue reading

Video: Alex Jones Tv – Obama Set to Give Fed Total Control & What’s in Your Panvax?

Alex goes over Obama’s Attempt to give The Fed even more power and control over all our Lives, and then in part 3, Alex goes over the wonderful new things their puting in your vaccines for this year’s Flu Season!! Continue reading

Ron Paul Has the Council on Foreign Relations Worried

Near the start of this year Ron Paul (R-Texas) introduced H.R. 1207, the Federal Reserve Transparency Act of 2009. The bill was referred to the House Committee on Financial Services. As of this writing, H.R. 1207 has 282 cosponsors. Continue reading

Roubini: The World Faces a “Rising Risk” of a Double-Dip Recession

Nouriel Roubini recently told The Financial Times (as summarized by Huffington Post):

The world faces a “rising risk” of a double-dip recession.

Roubini’s increasingly vocal about the risk of a recession relapse in the past few weeks… Continue reading

Derivatives Collapse and the China Gold and Silver Markets

(BobChapman) – In 2009, China opened up various exchanges for investment in both gold and silver to the Chinese public, which previously was not allowed to invest in gold and silver. The opening of silver exchanges to the Chinese public is the most recent development and was accompanied by a ban on silver exports. The Chinese government is actively touting both gold and silver as an investment to the Chinese public, and with good reason. Continue reading

MSM: UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’

(Bloomberg) – The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said. Continue reading

UN Calls For Bank Of The World, New Global Currency

Proposals for a new centralized economic world order outlined in globalist report Continue reading