14 March 2009
"Give me control of a nation's money and I care not who makes the laws."— Mayer Amschel Rothschild (1744 -1812)
Yesterday I listened to Ben Bernanke, current man behind the curtain at the Federal Reserve, suggest with a straight face that the key to avoiding future financial meltdowns was to put the Fed in charge of everything. “Just make me King of the World,” says Helicopter Ben, “and all your problems are over.”
Mr. Bernanke’s greatest accomplishment as Fed chairman has been to distract the world from . . . → Read More: The Man Who Would Be King
4 January 2009
The Fed's efforts to keep the money game going have reached a level that has leaped past astronomical to the utterly incomprehensible. Bailout costs are now estimated near $8 trillion. That's roughly $80,000 for every American household, every penny borrowed from the Fed, every penny fetched right out of thin air. It won't be enough, as this article, from Democracy:The Painted Whore, written when the Maestro was still the man behind the curtain, explains. Hal
. . . → Read More: Fed Still Worried About Deflation
14 August 2008
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” — John Maynard Keynes, The Economic Consequences of the Peace, 1920
If you have the feeling the U.S. economy is somehow out . . . → Read More: A Constitutional Fix for the Fix We’re In
24 July 2008
Using that infallible maxim as our guide, it appears that Fannie Mae and Freddy Mac, the nation’s two primary engines of housing inflation, are on the brink of collapse. Last week I heard on a TV news broadcast the following remark from an unnamed official, “Fannie Mae is financially strong.” That’s a simple statement of fact, that if it were true, would never have been made. The big mortgage GSE must surely be in trouble.
My suspicion was confirmed when I saw this from Helicopter Ben Bernanke’s second day of testimony before Congress, “The GSEs are adequately . . . → Read More: Don’t Believe Anything Until It’s Officially Denied
13 February 2008
Although the matter seems settled among those charged with reporting the news, the Republican nomination for president still has three candidates. Regrettably, voters in most states, with a few notable exceptions, have rejected Ron Paul’s message of constitutional government and honest money. I’d like to think it is because they simply don’t understand the fraud that politicians and bankers are running on us. Never the less, Dr. Paul and his message are still in the race.
Years of public schooling has dumbed us down to the appalling point where most of us believe the little paper . . . → Read More: Ron Paul, Honest Money and Lasting Prosperity