Monday, October 24th, 2016 MST

Ron Paul calls for fedgov to cancel $1.6 billion debt held by Fed

Congressman and presidential candidate Ron Paul recently introduced legislation calling for the federal government to cancel the $1.6 trillion debt held by the Federal Reserve. Such a move creates legal challenges, one of which would be that the Fed would openly acknowledge that it is a private entity and that fedgov has no authority confiscate its assets. (Fedgov had no “authority” to call in gold in 1933, but legal tests to that stood up.)

Gold as a means of accounting

If you’ve paid any attention to the inflation vs. deflation debate you’ve noticed that it is fairly convoluted. I’ve read the arguments in great detail and have come to the conclusion that it’s mostly a problem of semantics. Strictly speaking, deflation is a decrease in the supply of money and credit. As bad loans are written off, the supply of credit, which represents the lion’s share of the money supply, decreases.

Gold is a port in the debt storm

Clearly a reckless Federal government is good for gold – or more accurately, our collective can kickers in Washington DC are very bad for the dollar.  Contrary to the disinformation campaign of Wall Street, and their Federal Reserve sponsored economists, gold is not a bubble. Central banks are now net buyers of gold, and not because of tradition, as Mr. Bernanke would have you believe.

The Great Depression that wasn’t: 1920 – 1921

At the end of World War I, the American economy faced the enormous task of retooling for peacetime. No longer needed were the factories used to support the war effort, or the giant agricultural exports to a Europe that couldn’t grow its own food. The process of shuttering excess war capacity, and its associated layoffs, produced a huge contraction in economic output.

Another Great Depression already here?

Perhaps the most prevalent mental images of the Great Depression of the 1930s are the photos of the soup lines and breadlines where the “down and out,” those with absolutely no hope, stood waiting meals. Today, however, soup lines are a thing of the past, and they will not be evidence of just how bad the economy is.

Democrats becoming “Blue Republicans” to support Ron Paul in 2012

One of Gerald Celente’s predictions has been for the rise of a “progressive libertarian” movement in the United States; wherein members of both the left and the right, who have been abandoned by Washington DC, join forces. Robin Koerner, a Democrat, and Obama voter in 2008, has written a superb piece for the Huffington Post, which seems to have struck a chord with alienated Democrats. He has put forth a particularly convincing argument that, Democrats who truly believe in the cause of peace and personal liberty, are compelled to vote for Ron Paul in 2012.

Gaddafi knows gold is superior to dollars

The history I was taught in school never held much interest for me. It seemed like a random progression of names, events, and dates attached to motivations that made little, if any sense. It wasn’t until I began my self study of economics, and particularly the nature of money, that a whole new world was presented to me. This was a world whose history was anything but random. In fact, almost every event throughout the history of Western civilization could be traced along a single thread of motivation: the control of money and resources.

Missing: 8100 tons of gold. Please call 1-800-USTreasury if found.

Perhaps you’ve seen the stories this week about the $6.6 billion in one hundred dollar bills that the US Government managed to “lose” in Iraq back in 2003-4. Apparently, as part of the Iraqi reconstruction effort, plane loads (C-130 Hercules to be exact) of palettes containing shrink wrapped 100 dollar bills were flown in. $22 billion in all. As the Pentagon is attempting to close the books on the operation this week, it was revealed that some $6.6 billion cannot be accounted for.

Page 25 of 45« First...1020...2324252627...3040...Last »