13 Friday Jan 2012
Tags
show that Fed leaders, armed with the best economic data available, had little idea of what was looming less than two years off.
via Greenspan image tarnished by newly released documents – The Washington Post.
More proof that central economic planning fails. Always. Abolish the Fed!! and it’s US GOSPLAN.
20 Saturday Nov 2010
Here is a must watch video. http://www.youtube.com/watch?v=PTUY16CkS-k
It’s a cartoon that skewers Ben Bernanke and the US Fed.
And here is a good article on the video http://www.lewrockwell.com/north/north907.html
29 Thursday Apr 2010
Tags
Here’s a must read, and short, article
Fed Chairman Ben Bernanke admitted the central bank created $1.3 trillion out of thin air to buy mortgage backed securities. This shocking admission came from the Joint Economic Committee hearing on Capital Hill last week. I was dumbfounded when I saw Bernanke shake his head in the affirmative as Representative Ron Paul said, “Well, where did you get the money? You created this money. So you did monetize debt, and that went into the banking system.”
03 Wednesday Dec 2008
http://www.lewrockwell.com/paul/paul497.html Recall that Ron Paul predicted the current financial crisis years ago.
The updated total bailout commitments add up to over $8 trillion now. This translates into a monetary base increase of 75 percent over the last two months. This money does not come from some rainy day fund tucked away in the budget somewhere – it is created from thin air, and devalues every dollar in circulation. Dumping money on an economy, as they have been doing, is not the same as dumping wealth. In fact, it has quite the opposite effect.
It is unnatural and dangerous for paper to be considered as precious as a precious metal. Our fiat currency system is crumbling and coming to an end, as all fiat currencies eventually do.
07 Sunday Sep 2008
Government seizes control of GSEs – Yahoo! News via kwout
If socialism worked, the Iron Curtain would have been torn down from the other side. The welfare-warfare-police state expands itself yet again. What happened to free enterprise? I want my country back.
Oh, and I plan on buying some more gold tomorrow. What do you think happens to the value of the dollar when the criminals at the Federal Reserve create a few billion more of them out of nothing? You did know the value of the dollar is down over 95% since the creation of the Federal Reserve system in 1913, right?
Update 9/9/2008:
Dagny's Desk 