Nov

13

Break the Bailout

Filed Under Economics, Federal Reserve, National | Leave a Comment

breakthebailout.com

Nov

5

Peter Schiff on the Economic Impact Of Obama Victory

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Peter Schiff a brilliant man, the other two characters are confused and pretty slow.
Believe it or not, the media actually employs people like that. I guess they must feel sorry for them.
Actually their comments are so stupid I almost feel sorry for them.

Oct

3

Ron Paul speaking to the traitorous native criminal class

Filed Under Economics, Federal Reserve, Ron Paul | 1 Comment

Sep

17

What the Anti-Free Market Capitalists are up too

Filed Under Economics, Federal Reserve, National, Thomas Jefferson | Leave a Comment

That would be the FED and their Wall Street cronies for the unenlightened.
Thomas Jefferson knew the dangers of a central bank and fiat money in his time.
“Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs.” –Thomas Jefferson to Thomas Cooper, 1814

And he knew that they would corrupt everything they touched including the Congress.
“The bank mania… is raising up a moneyed aristocracy in our country which has already set the government at defiance, and although forced at length to yield a little on this first essay of their strength, their principles are unyielded and unyielding. These have taken deep root in the hearts of that class from which our legislators are drawn, and the sop to Cerberus from fable has become history. Their principles lay hold of the good, their pelf of the bad, and thus those whom the Constitution had placed as guards to its portals, are sophisticated or suborned from their duties.” –Thomas Jefferson to Josephus B. Stuart, 1817.

Now back to the moneyed aristocracy of our time:

Free market capitalism: A ‘peek behind the curtain’

“It is a popular myth that financial markets are based on principles of capitalism,” observes Ron Rowland in his All Star Investor newsletter, adding, “but the opposite is closer to the truth.”

Assessing what he calls the Federal Reserve’s moves to “buy Wall Street,” he offers a straight-forward overview of the current situation and a “peek behind the curtain” of free markets and Wall Street.


READ ON

Jul

21

Ron Paul on Faith-Based Currency

Filed Under Economics, Federal Reserve, Ron Paul | 1 Comment

Ron Paul’s Texas Straight Talk Column
July 21, 2008

The Latin term “fiat” roughly translates to “there shall be”. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the government. Fiat money is exchanged in the economy as long as there is faith in the government that issues it.

Some are blaming the recent shakeup in the markets to “whining” or financial fear-mongering, which misses the whole point. History has shown that fiat money, or “faith-based currency” always fails, because when governments claim this power, they always behave irresponsibly

READ ON

Jul

12

Once, they owned the world; now the world owns them

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Outstanding article by Bill Bonner at The Daily Reckoning. I don’t know about you but I’m sick of being hornswoggled by big government and the FED.

THE BIGGEST TRANSFER OF WEALTH IN HISTORY
by Bill Bonner

This week began with alarm bells. First Bridgewater Associates broke the glass and pulled the handle; it said the conflagration in the credit markets might lead to losses four times higher than previous estimates - at $1.6 trillion. A lot of money - even for someone who lives in London.

Bridgewater helpfully pointed out that this was just the beginning; the world would lose an additional $12 trillion in foregone credit. When the going is good, each ounce of a bank’s share capital grows into as much as a pound of credit available to borrowers. But when the cycle turns, the shrinkage takes your breath away. Remove a dollar from a bank’s balance sheet and you wipe out a ten-spot of credit. Bad news for people in Britain and America who are accustomed to living off of credit. Bad news for their economies, too. Without access to the fire hose of easy credit, the consumer economy goes up in smoke.

To give you an idea of the scale of a $12 trillion problem, the entire U.K. economy generates only $2.8 trillion of output annually. The U.S. economy - at $13.8 trillion - is only slightly bigger than the anticipated damage.

READ ON AT THE DAILY RECKONING

Jun

26

Ron Paul on the Federal Reserve, Inflation, Interest Rates and Prices

Filed Under Economics, Federal Reserve, Ron Paul | 2 Comments

June 25, 2008

May

31

Joseph Salerno on the Gold Standard - CSPAN’s Washington Journal

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This show aired live today, May 31, 2008
You can view the show at the CSPAN Video Library here.

May

28

How Markets Work in the Corporate State

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This British comedy skit explains pretty well how some markets work today. These are not free markets, but what can more accurately called the corporate state markets that have created most recently the mortgage fiasco and the dollar collapse that has contributed greatly to higher oil prices.
The ingredients are a government that spends uncontrollably on warfare, entitlements and subsidies, encouraging reckless monetary inflation (The FED), imprudent banking practices, speculation and malinvestment to create a false but always temporary sense of prosperity—a bubble that inevitably bursts. Their answer to the destruction caused by this fusion of corporate-government power is always the bailout by the taxpayers, another massive wealth redistribution by taxation and inflation. This is not free market capitalism folks.

May

15

FOX Business - Ron Paul on the FED Illusion

Filed Under Economics, Federal Reserve, Republican Party, Ron Paul | Leave a Comment

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