By Ambrose Evans-Pritchard The Telegraph The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. “The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, […]
By Michael Krieger Liberty Blitzkrieg It violates the essence of what made America a great country in its political system. Now it’s just an oligarchy, with unlimited political bribery being the essence of getting the nominations for president or to elect the president. And the same thing applies to governors and U.S. senators and congress members. […]
By Patrick Wood, Editor As posted at August Review Introduction Critics who think that the U.S. dollar will be replaced by some new global currency are perhaps thinking too small. On the world horizon looms a new global currency that could replace all paper currencies and the economic system upon which they are based. The […]
By Stewart Dougherty Jan 22 2010 2:24PM www.kitco.com 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% […]
Mises Daily Wednesday, August 13, 2008 by Thomas E. Woods, Jr. It’s been (more than) 75 years since the federal government, on the spurious grounds of fighting the Great Depression, ordered the confiscation of all monetary gold from Americans, permitting trivial amounts for ornamental or industrial use. This happens to be one of the episodes […]
As posted at The Silver Bear CafeBy Porter Stansberry It’s one of those numbers that’s so unbelievable you have to actually think about it for a while… Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that’s not counting any additional deficit spending, which is estimated […]
by Egon von Greyerz Matterhorn Asset Management In this newsletter we will outline what is likely to be the devastating effect of the credit bubbles, government money printing and of the disastrous actions that governments are taking. Starting in the next 6 months and culminating in 2011-12 the world will experience a series of tumultuous […]
By Joan Veon Womansgroup.org (note the original URL has been taken down, the link contains an archive) In the book of Jeremiah, the prophet tells of the pending invasion of Judah by the Babylonian king, Nebuchadnezzar. He records, “the snorting of horses was heard in Dan.” Can you imagine an invasion of that kind? You have […]
By Peter Schiff As posted at Lew Rockwell There is an old adage on Wall Street that no one rings a bell at major market tops or bottoms. That may be true in normal times, but as many have noticed, we are now completely through the looking glass. In this parallel reality, Ben Bernanke has […]
America is self-destructing & bringing the rest of the world down with it By Tanya Cariina Hsu As posted at Global Research I believe that banking institutions are more dangerous to our liberties than standing armies. (Thomas Jefferson, US President; 1743 – 1826) America is dying. It is self-destructing and bringing the rest of the […]
by Richard C Cook As posted at Global Research OCTOBER 1, 2008—Tonight the Senate passed the $700 billion Wall Street bailout bill by a vote of 74-25. This follows the rejection of the bill by the House on Monday. In an MSNBC poll, 62 percent of Americans oppose the giveaway, but the lobbyists are doing […]
…When central banks intervene in the currency markets, they exchange their currency for dollars. Central banks then use the dollars they acquire to buy US government debt instruments so that they can earn interest on their money. The debt instruments central banks acquire are held in custody for them at the Federal Reserve, which reports […]
“…On the occasion of the second anniversary of the publication of our famous “Global systemic crisis Alert” which toured the world in February 2006 [4], LEAP/E2020 wishes to remind that we are now resolutely stepping into an era with no historical precedent. Our researchers insisted on that many times in the last two years: any […]
“…Saudi Arabia alone has management of $800 billion. Experts fear that a break from the dollar in Saudi Arabia could set off a “stampede” from the dollar in the Middle East, a region that manages $3,500 billion…”
“…The dollar has plummeted in value, more so in Bush’s term than during any comparable period of U.S. history. Indeed, Bush is presiding over a worldwide abandonment of the American dollar…”
“…the dollar has been dropping ever since the twin 1973 currency crises which sent then Assistant Treasury Secretary for International Monetary Affairs Paul Volcker around the world to hammer out a new regime for floating currencies (what a great way to transfer wealth and control countries: currencies). Every time the dollar drops, it is new […]
“…The jobs data and the absence of growth in real income for most of the population are inconsistent with reports of U.S. GDP and productivity growth. Economists take for granted that the workforce is paid in keeping with its productivity. A rise in productivity thus translates into a rise in real incomes of workers. Yet, […]
“…The Bank for International Settlements issued a warning this week that the Federal Reserve’s monetary policies have created an enormous equity bubble which could lead to another ‘Great Depression’…”
Veto Message to the Senate WASHINGTON, July 10, 1832 As posted at Yale Law School To the Senate: The bill “to modify and continue” the act entitled “An act to incorporate the subscribers to the Bank of the United States” was presented to me on the 4th July instant. Having considered it with that solemn regard […]
On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON. The petition for Articles of Impeachment […]
“…The truth is that you cannot have a “strong, robust economy” that is based on debt because debt is not prosperity. A nation’s monetary system cannot and will not survive under a fiat currency such as we’ve had shoved down our throats since 1913. This is why so many of us own gold. We know […]
Why an Income Tax is Not Necessary to Fund the U.S. Government “…If the American people ever allow the banks to control the issuance of their currency, first by inflation, and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property, until their children wake […]
“…Prisoners are routinely given shoes that are too small… toe nails become ingrown to the point that prisoners have to pull them out with pliers to ease the pain… This is what happened to Irwin… they gave him boots that were too small. His foot became infected, he developed gangrene and they had to amputate […]
“…Central bankers sometimes describe their activity as “more art than science,” which is implicit recognition of their ignorance. The “art of central banking” is the art of pretending to know what one does not know. Not only is it not a science; it is not even an art. At best it is alchemy; at worst […]
“…If we perform the same calculations for the US, however, we find that the official debt stands at $8.507 trillion or 65% of (nominal) GDP but when we add in our “off balance sheet” items the national debt stands at $53 trillion or 403% of GDP…”
“…Just like the ancient Chinese curse, we certainly “live in interesting times.” I recall being dismissed for sounding apocalyptic when speaking of precious metals and the need to play Y2K all over again. No more. I also recall all the hate mail I got for calling for Bush’s impeachment again and again over the past […]
“…Of course, everyone in Washington already knew that doomsday was approaching. That’s the way the system was designed from the very beginning. It’s all part of the madcap scheme to “starve the beast” and transfer the nation’s wealth to a handful of western plutocrats. That’s explains why the Fed and the White House whirred along […]
“…It’s accepted wisdom that the United States, despite recent problems, is still the strongest growth locomotive for the world economy, the pillar of the global system. What if we were to discover that, instead of being the pillar, that the United States was, in fact, the heart of a dysfunctional economic system, which is spreading […]
“…The last time a nation did what we are doing was Germany 1919-1923. They were printing money out of thin air. When that bubble broke it cost 87 trillion marks to buy one ounce of gold. By the way, the US has a balance sheet called the off line budget. This budget contains Medicare, social […]
“…Let’s be clear at the outset. The US Federal Reserve, Bank of England, Bank of Japan and the European Central Bank (for the 12 European countries that adopted the single euro currency in 1999) are institutions with enormous power far beyond what most people everywhere can imagine…”
“…No amount of mind control spin can absolve any of us from acknowledging this ugly truth about the US and its crimes today. It lurks invisibly behind every corporate news broadcast, every commercially-made television show, every infomercial, every new magazine ad, and almost every new popular song that leads Americans deeper into ever-less-satisfying consumption, self-indulgence […]
“…The day after Ben Bernanke raises interest rates for the 18th time, Bernard von NotHaus, noted Monetary Architect, will present a $50 Gold Federal Reserve Note for redemption as specified on the Note and guaranteed by the Constitution, at the Federal Reserve Bank of New York at 33 Liberty Street in lower Manhattan…”
…U.S. officials remain silent as church mice over financial deal exposing Illuminati banksters and officials within government silently trying to destroy America….
“People just have no margin,” explained Dennis Gartman, whom we met in Vancouver. “I have a friend who is a mortgage broker. He tells me that clients will figure out their monthly budgets to within $5. That’s how much they have left over after their foreseeable expenses.”
“…A stunning 23 page report by Professor Laurence J. Kotlikoff titled “Is the U.S. Bankrupt?” was issued by the Federal Reserve Bank of St. Louis in November, 2005, and quietly posted on their public website. Although publicly accessible, it was totally ignored by the U.S. press…”
One member of Congress to pay attention to in the District of Columbia is Congressman Dr. Ron Paul of Texas. Mr. Paul is a staunch advocate of limited constitutional government, low taxes, free markets, and a return to a sound monetary policy based on commodity-backed currency. Fortunately for all of us whether a resident of […]
If there is any one member of Congress to pay attention to in the District of Columbia, surely it is Congressman Dr. Ron Paul of Texas. Mr. Paul is a staunch advocate of limited constitutional government, low taxes, free markets, and a return to a sound monetary policy based on commodity-backed currency. Fortunately for all […]
“…The current Fed Chairman, Ben Bernanke, has openly boasted that the Federal Reserve caused the Great Depression. Of course the Fed’s guilt is not that controversial among free-market economists, but it’s interesting that most Americans still don’t grasp this most basic fact of US economic history… even when the Fed Chairman himself has spoken about […]
by Hon. Ron Paul of Texas Before the U.S. House of Representatives June 29, 2006 As posted at Ron Paul’s Website I have been involved in politics for over 30 years and have never seen the American people so angry. It’s not unusual to sense a modest amount of outrage, but it seems the anger […]
“…Is it possible that American citizens are all targets of a runaway government, intent on exerting it’s power and expressing it’s will – despite the law? If you have been constantly watching TV news beamed out by mainstream TV networks I am sure it wouldn’t look like there is any truth in the above claims, […]
