Audit the Fed? Ummmm….YES

“In other words, the value of the dollar remained extremely stable for 150 years, then The Fed was created in order to “stabilize the value of the dollar” and the result has been a 95% devaluation of the dollar in less than 100 years following its creation. Below is a graph of this history…..”

Peter Schiff: Our economy. Get ready.

These are excerpts from Peter Schiff’s talk that you can read in their entirety here.   The video of Schiff with Jon Stewart embedded in the article is an excellent summary of his whole talk which is off the cuff and a bit scattered. Here are the excerpts.   Read, understand, and get ready. “So, the problem, and the [...]

207 co-sponsor Ron Paul’s “Audit the Fed” Bill

H.R. 1207, The Federal Reserve Transparency Act of 2009, yesterday surged past the 200 co-sponsor mark, nearing a majority in the U.S. House of Representatives. The bill, introduced by Congressman Ron Paul (R-TX), now has 207 cosponsors including 51 Democrats.

Signing on to the bill yesterday were Republican Minority Leader John Boehner (R-OH) and influential Rules Committee Ranking Member David Drier (R-CA). The bill has gained 28 co-sponsors just in the month of June.

Congressman Paul’s legislation is aimed at pulling back the curtain from a secretive and unaccountable Federal Reserve. Congress and the American people have minimal, if any, oversight over trillions of dollars that the Fed controls.

How International Bankers gained Control of America

The following are three comments from people who have viewed “Money Masters” linked here. “The Money Masters is a profound movie that, really, every American should see. Anyone that considers themselves a patriot and that is concerned about the direction this country appears to be heading, needs to see this movie. History is repeating itself. It’s [...]

Understanding our current depression

Fed Refuses to Release Bank Data,
Insists on Secrecy

March 5, 2009 (Bloomberg) – The Federal Reserve Board of Governors receives daily reports on bailout loans to financial institutions and won’t make the information public, the central bank said in a reply in a Bloomberg News lawsuit.

The Fed refused yesterday to disclose the names of the borrowers and the loans, alleging that it would cast “a stigma” on recipients of more than $1.9 trillion of emergency credit from US taxpayers and the assets the central bank is accepting as collateral.

Going Weimer?

“The best way to destroy the capitalist system is to debauch the currency,” said Lord Keynes. Ben Bernanke disagrees. A student of the Depression, the Fed chair appears far more fearful of deflation—a vicious cycle of falling prices, debt defaults, home foreclosures and rising unemployment. Deflation is what America underwent in the 1930s. A Fed-created [...]