“The major part of Indian reserves are in dollars -- that is something that’s a problem for us,” Tendulkar, chairman of the Prime Minister’s Economic Advisory Council, said in an interview today...
"June 26, 2009 Federal Reserve chairman Ben Bernanke unleashed an alarming veiled threat of financial terrorism when he was questioned about Ron Paul's H.R. 1207 bill to audit the Federal Reserve.
Poor Bernie. The man has been ordered to spend 150 years in the hoosegow. What for? Who did he kill? A century and a half seems a little excessive for a financial crime. You could hold up three liquor stores and rape a whole convent and still not get 150 years. With a little bit of good lawyer-ing, a history of child abuse in the family, and good behavior in the big house, you’d be back on the street in 18 months.
But all the papers seem delighted. “Locked up for Life!” says one of today’s headlines. The judge “threw the book at him,” says another. His victims wanted him to get no mercy. The judge gave him none, imposing the maximum sentence. He is “extraordinarily evil,” said the man on the bench.
Justice has been done. Right?
But the really
appetizing part of auditing the Fed is knowing what stands behind
it. The Fed is a racket at heart, a con game writ large – what
else can you call an organization with the exclusive privilege of
printing money in the trillions and handing it over to friends?
But if this is true, what does that say about the state, the organization
that created and sanctions it? Is the Fed an honest mistake in the
state's otherwise undying efforts to preserve our liberty, or might
it be a key component of a bigger racket?
China has been particularly vocal. It holds more U.S. Treasury debt than any other country and has expressed fears that Washington's huge spending on economic stimulus programmes could spark...
Dear FreedomsPhoenix Editor and Publisher, I'll be removing my contact info after I send this letter to you. I have appreciated some of your articles, though I must say I was highly dismayed at reading (in horror and disbelief) the article bRead Letter
Dear Ernie, I was engaged almost the whole day yesterday with important meeting activities so I missed the whole fireworks. When I opened my computer this morning, I was stunned to discover that I was being bowled over, and my-- Fed I & FedRead Letter
Many got sick when the high courts in Lewis case [Read it] destroyed the myth: Fed is not a private scheme of hijackers more terrifying than the 911 infamy the Left pictured it to be!
While the US empire has stumbled and is desperately trying to avoid a faceplant, the Chinese have taken the opportunity to break out into a sprint.
The unintended consequences of Bernanke's extraordinary actions are coming down the road. We do not even know what those consequences are.
I have an even simpler query: Who and what was at fault in the entire debacle, from Housing to Credit to Collapse? In what order would you assess the blame?
My analysis of Bernanke's statement: “My concern about the legislation is that if the GAO (Government Accountability Office) is auditing not only the operational aspects of the programs and the details of the programs but is making judgments about our policy decisions, that it would effectively be a takeover of monetary policy by the Congress and a repudiation of the independence of the Federal Reserve which would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”
Dresdner Kleinwort Securities has withdrawn from the Federal Reserve's primary U.S. government security dealers, the U.S. central bank said Friday.
"but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation."
China’s central bank renewed its call for a new global currency and said the International Monetary Fund should manage more of members’ foreign-exchange reserves, triggering a decline in the U.S. dollar.
The debate over central banking was waged throughout the history of our republic
but it wasn’t until the coup of 1913 that we were cursed with the
Federal Reserve (the Fed), which continues to harm us down to present
day through its inflationary policies.
"taxes are going to have to go up very much on the middle class in order for equilibrium to take place, the equilibrium that the Chicago school talks about, middle class living standards will have to fall by 20 percent".
Peter Schiff is truly at the forefront when it comes to learning REAL financial knowledge that is happening in our world and economy.
But frankly, if you DON'T HAVE an 'Income Producing Vehicle' that operates OUTSIDE the normal economic system facing this crisis today... Then you are much more exposed and vulnerable to serious potential BURDENS in the future.
Don't be afraid... Be INSPIRED...
My industry has not suffered at ALL over the last few months as economies around the world have plummeted.
The reason why is because we are positioned PERFECTLY to profit from CREATING additional streams of income as job markets are drying up everywhere.
The home based business industry is EXPLODING and there is serious potential for everyone to create more income if you pay attention to these trends.
Go here for more information...
Republican U.S. Representative Ron Paul wants to audit the Federal Reserve. At the Cato Institute June 24, 2009, Congressman Paul made his case on behalf of greater transparency in how the Fed makes its decisions.
Dear Ernie, I could understand why on June 24th, 2009 FP.com withdrew from public viewing the two research-backed opinions I wrote about the Fed, namely: I. Who Said Federal Reserve Is A Private Banking Institution? II. Federal RRead Letter
The Federal Reserve sought to hide its involvement in Bank of America Corp's acquisition of Merrill Lynch as Merrill's financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said. The Fed "engaged in a cover-up and deliberately hid concerns and pertinent details regarding the merger from other federal regulatory agencies," Representative Darrell Issa said.
[under oath?] Federal Reserve Chairman Ben Bernanke told Congress today he didn’t
pressure Bank of America into acquiring Merrill Lynch in a deal that
ultimately cost taxpayers $20 billion.
Come watch the rule of law compete with the rule of bankers this Friday June 26 at 9:00 am, Central courthouse, 201 E. Jefferson, Phoneix, Arizona, Judge John Buttrick's courtroom 704B.
Should the US take Fannie and Freddie formally onto their book the government would immediate book about $5 trillion dollars in additional debt, almost certainly triggering an instant credit downgrade.
That’s a lie. It is mental dishonesty for anyone to declare in public with such deceptive arrogance that the Federal Reserve is not a government entity. [Sumcad in his column at NWS.com.]
Peddling a dangerous lie that induces emotional freaks to kill or create havoc and destroy America is actually a terror attack worse than 911.
Facing an economy that is perking up slightly but still deep in recession, the Federal Reserve left its rescue policies unchanged on Wednesday and said that it would keep interest rates low for “an extended period.”
David Rockefeller, and Sam Wahl, and Bill Gates, looked at the social and economic structure of the People's Republic of China and saw the new American paradigm. Not in the evolution of China to democracy and freedom, but in the subjugation of the United States...
Bernanke and Obama are backed into a corner. In order to continue to issue like this in the Treasury market while not driving Treasury rates to the moon money will have to be "scared" into bonds - which means blowing up the stock...
Where Germany owed a little over $1 trillion; America – if you include private debt, official government debt, off-budget obligations and internal commitments – owes 100 times as much. And the United States keeps borrowing...