The article is titled "U.S. official resigns over Afghan war; Foreign Service officer and former Marine captain says he no longer knows why his nation is fighting"
The influential officer that resigned left because he has come to the same conclusion as we all have...
Here is an excerpt:
From the book salon at Fire Dog Lake with James Galbraith & Robert D. Auerbach
By James K. Galbraith. Snip:
Bob’s new book, Deception and Abuse at the Fed, chronicles the battles of Henry B [Gonzalez] against the obscurantism, self-dealing and contempt for Congress that have long been hallmarks of our central bank, and that were particularly so during the long tenure of the “Maestro,” Alan Greenspan. These include management failures — a notorious “phantom airplane” in the Fed’s check-clearing fleet — and accounting abuses, civil rights violations of Fed employees, and especially the withholding of information from Congress and the public. Most luminously, Bob gives here the tale of the Fed’s 17-year effort to keep secret the fact that Federal Open Market Committee meetings are tape-recorded, with full written transcripts.
With the Great Crisis, these matters take on a new importance. To this day, Chairman Ben Bernanke has refused to disclose to Congress exactly who has received help under the many crisis measures and under what terms. The legal and constitutional situation is clear: Congress has a right to this information. There are no plausible national security concerns. If a member of Congress abuses access to such information (say for personal profit) it is up to Congress to discipline that member. Reps. Alan Grayson and Ron Paul have asked Senator Dodd, chair of Senate Banking, to withhold approval of Bernanke’s renomination to chair the Board until the Federal Reserve comes clean on this issue.
Similarly, there is a bill before Congress that would subject the entire operations of the Federal Reserve to an independent audit – a project that dates back to the great Texas populist, Wright Patman. No one reading this book will be in doubt about the need for this bill.
Finally, there is the question of financial reform. In the new effort to bring systemically dangerous institutions (now called “Tier One Financial Holding Companies”) under effective supervision, the administration proposes to vest regulation of those entities in the Federal Reserve. The Federal Reserve naturally agrees. But the Federal Reserve has never been an effective regulator for the straightforward reason that it is dominated by economists and bankers and not by dedicated skeptics who make bank regulation a full-time profession.
Anyone who wishes to understand why the Federal Reserve should not be the regulator of choice for the most dangerous financial institutions should begin by picking up a copy of Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan's Bank
These videos were taken yesterday morning:
Their energy is inspiring. What they are demanding, less so:
"Tell me what you want, what you really want," he called. Hundreds of voices shouted back, "Our homes back!" "Tell me what you need, what you really need." "CFPA!"
Yep, you heard right, hundreds of people were chanting for a Consumer Financial Protection Agency, a new oversight body Barack Obama has proposed that could ban such disastrous practices as no-doc mortgages, payday loans, and no-warning overdraft fees on checking accounts.
In essence, they are protesting for, demanding in fact, bigger government. Oh boy.
Video of the hotel lobby protest below:
As a county coordinator for the Campaign for Liberty, I had the chance to speak with some organizers of the 9-12 group today who are working on some projects and the delegate process. They wanted our input and potential assistance. These people have fire and energy, but I was greatly disappointed with their lack of philosophical prowess. I am convinced now more than ever, that we members of the Daily Paul and other fervent Ron Paul supporters are by far and away the most dialed-in group in the country. We know the issues, we know the philosophy, we have the ideals.
Iran launches oil bourse
Mon, 26 Oct 2009 21:40:32 GMT
Iran has launched an oil bourse on Kish Island in the Persian Gulf for trade in crude and petrochemical products.
The new international exchange hall will offer 40 kinds of oil products.
"The inauguration of the hall will enhance Iran's strategic position in the region," Bourse Organization Chairman Ali Salehabadi said on Monday.
Salehabadi, who is also the chairman of the Tehran Stock Exchange, stated that Iran produces over 25 percent of the total output of petrochemical products in the Middle East.
Goes to Ron Paul! quiltingsando came up with the idea, and she made the gift that goes with the award - a qulliow with her grassroots liberty symbol. We're sending it to Dr. Paul, along with this thread so post your comments to our favorite doctor below!
Here is a picture of the award.
(Click on the image for a closer view)
If you recall, quilting made that very nice get well gift for Mrs. Paul when she was sick. And she made this beautiful Daily Paul quilt for my wife and I that we snuggle under on the couch. And a while back we had an auction of quilting's quillows that raised over $500 for our liberty candidates! We have #5, which we also love.
She's been busy!
I am worried the Daily Paul family might think I am grand standing or something but I just wanted to do something nice because Obama got an award and I thought we should have our own award to someone who has helped us all become better citizens. It only seem fitting that Dr. Paul be the first to receive this award, after all the site is named after him. We come to the Daily Paul because of him and his message and the award is the "Peace, Prosperity & Freedom" Award his own words. It doesn't seem right to give it to someone else the first time. Sometimes, when we think we are doing something nice it can backfire on us.
Thank you quiltingsando & thank you Ron Paul.
The Tea Party Express ( www.teapartyexpress.org/tour-shedule-2/walnut-creek-ca/ ) is starting a new tour with a stop this Wednesday @ 5:30pm in Walnut Creek. I'll be speaking and our team will have a table with campaign materials.
A preview: you won't want to miss my speech.
Those of us who've been to the Tea Parties know they are a net positive for the cause of liberty. Overall, I think these events are fertile ground for our message.
Remember that the Tea Party idea was first revived by Ron Paul supporters in December 2007 during the presidential campaign. Let's have the liberty scene turn out in force and show 'em what a Tea Party is all about!
By Ambrose Evans-Pritchard | October 21st, 2009
Let me stick my neck out.
The dollar will still be the world’s dominant reserve currency in 2030, sharing a degree of leadership in uneasy condominium with the Chinese yuan. It will then regain much of its hegemonic status as the 21st century unfolds. It may indeed end the century even stronger than it was at the start.
The aging crisis in Asia — and indeed the outright demographic implosion in Japan and China, not to mention China’s water crisis — will soon be obvious to everybody. Talk of Oriental supremacy will start to sound overblown at first, and then preposterous.
Japan is about to go bankrupt. It is on the cusp of a fiscal crisis that will change perceptions of Asia dramatically. The IMF says gross public debt will reach 218pc of GDP this year. This is compounding very fast. It will be 246pc in 2014.
The Hatoyama government is spending as if there is no tomorrow. It plans to issue ¥50 trillion or $550bn in fresh bonds. I have no idea when this will spiral out of control. It could take another two or three years. It could start next week. Yes, I know that Japan has been borrowing merrily at ever lower rates for 20 years without the sky falling. The 10-year yield is 1.3pc. What happens when it rises to global levels of 3pc to 4pc? People made the same sort of arguments about the global boom before it suddenly tipped over.
This blog does not attempt market timing, nor does it offer investment advice. But I am absolutely certain that pundits consigning the dollar to its death have missed an even more dramatic currency and debt story in Japan. The yen will top ¥200 to the dollar before this is over. Jim O’Neill from Goldman Sachs has already begun to hint at this.
Aldous Huxley said this back in 1932 when it was not too late to do something about it...
"A really efficient totalitarian state would be one in which the all-powerful executive of political bosses and their army of managers control a population of slaves who do not have to be coerced, because they love their servitude.
To make them love it is the task assigned, in present-day totalitarian states, to ministries of propaganda, newspaper editors and schoolteachers."
Source: Forward to Brave New World, 1932
By slaves I mean that the government has decided that they own ALL of what we earn and decide on how MUCH they will let us keep (i.e. Federal income tax) which should NEVER have become an amendment to the Constitution.
Our founders would NOT have allowed that to happen because that is EXACTLY what they fled England from (also known as: Tyranny).
by Alan Greenspan
From Capitalism: The Unknown Ideal
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.
In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society.
Money is the common denominator of all economic transactions. It is that commodity which serves as a medium of exchange, is universally acceptable to all participants in an exchange economy as payment for their goods or services, and can, therefore, be used as a standard of market value and as a store of value, i.e., as a means of saving.
The existence of such a commodity is a precondition of a division of labor economy. If men did not have some commodity of objective value which was generally acceptable as money, they would have to resort to primitive barter or be forced to live on self-sufficient farms and forgo the inestimable advantages of specialization. If men had no means to store value, i.e., to save, neither long-range planning nor exchange would be possible.
From an article in the NY Times
Many in today’s pregnancy-flaunting, soccer-cheering, organic-snack-proffering generation of parents would never spank their children. We congratulate our toddlers for blowing their nose (“Good job!”), we friend our teenagers (literally and virtually), we spend hours teaching our elementary-school offspring how to understand their feelings. But, incongruously and with regularity, this is a generation that yells.
WASHINGTON – President Barack Obama has declared the swine flu outbreak a national emergency.
The White House on Saturday said Obama signed a proclamation that would allow medical officials to bypass certain federal requirements. Officials described the move as similar to a declaration ahead of a hurricane making landfall.
Swine flu is more widespread now than it's ever been and has resulted in more than 1,000 U.S. deaths so far.