Saturday, December 10th, 2016 MST

Yearly Archives: 2009

Ron Paul exposes fallacies of Obama bailout

In a video interview by CNN’s John Roberts, Congressman Ron Paul condemns (in his polite, gentlemanly way) Obama’s bailout of the financial system. Further, the Congressman does not miss his chance to blast the Federal Reserve as the primary culprit of our financial nightmare. Roberts accurately notes that “trillion-dollar” has replaced “billion-dollar” in today’s discussion

Obama embraces proven failed policies

John E. of Phoenix writes: In approximately one month we got a sample of Obama’s change: The continuation of the Bush-Paulson give away of taxpayer money and pork programs, little of which will have any stimulus on the economy…much more of the same is coming down the road. The expansion of the war in Afghanistan

The seeds of hyperinflation?

Never one to mince words, Llewellyn H. Rockwell Jr., founder and president of the Ludwig von Mises Institute in Auburn, Alabama, editor of LewRockwell.com, and author of numerous books on economics and politics, lays it on the line with a scathing rebuke of Obama’s plans to spend one trillion dollars in Obama’s Wealth Destruction, a

The Insolvency of the Fed

Back on July 24, 2008, I penned a post titled The Sad History of Paper Money, in which I noted that money not redeemable in either gold or silver is printed until it is worthless. Now mises.org has posted an article titled The Insolvency of the Fed that starts Since August 15, 1971 the US dollar

The Collapse of ’09

The Collapse of ’09 will follow the Panic of ’08, says Gerald Celente, founder and director of The Trends Research Institute, on The Lew Rockwell Show. This is one of the direst forecasts that I have run across. Calente calls the current mess “a global meltdown, a global economic crisis.” He says the Obama administration

Ron Paul predicts worsening crisis

In a speech before the House of Representatives, Congressman Ron Paul, a long time student of Austrian economics, predicted not only a dollar crisis but a worsening economic crisis.  He fears that our recession will, because of Fed action, turn into a depression, a view that is most interesting. The common perception is that the

Is hyperinflation a possibility for the US?

Many economic/political observers ridicule the suggestion that the massive printing of Federal Reserve Notes (a.k.a. US dollars) could result in hyperinflation.  They have long viewed the hyperinflation that ravaged Germany 1919 – 1923 to have been an anomaly.  They become outraged at the suggestion that hyperinflation could happen in the United States. Those Germans were

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