On C-SPAN today (9-19-12) a member of Congress proposed a bill (HR 5912) which would do away with federal tax dollars funding political conventions.
Presently the RNC and DNC get what are called "federal matching funds" of around 50 MILLIION dollars each to fund their fancy conventions (where they can cheat).
But they shouldn't get a penny as they are PRIVATE organizations.
And I'll bet the Libertarians or any other 3rd party doesn't get funding like this with our tax money. It's only the 2 major parties with the control over congress.
Hearing on the Price of Money Sept 21, 2012
Libertarians File Antitrust Suit Against Democrats, Republicans & Commission on Presidential DebatesSubmitted by Corbett on Fri, 09/21/2012 - 16:55
Breaking news: The Gary Johnson/Judge Jim Gray Campaign has filed an antitrust lawsuit against the Democrats, Republicans, & the Commission on Presidential Debates for antitrust and anticompetitive acts. The voters deserve competition!
Press Release below:
* Midnight vote: Call your senators now!
Sen. Rand Paul Speech on the Senate Floor Regarding his Filibuster - 9/21/12
Reading an article here on the DP about real estate by Catherine Austin Fitts, I found a link in the comments section at the site of the original article which lead me to this article on illicit drug money. Don't miss the explanation of how the drug money affects the economy.
October 24, 2001
Narcodollars for Beginners: How the Money Works in the Illicit Drug Trade
Part I in a Series by Catherine Austin Fitts
Proof: 6 Delegations Officially Submitting Their Ron Paul Nomination Forms to the Secretary of the RNCSubmitted by GBAmerica on Fri, 09/21/2012 - 11:01
6 Delegations Officially Submitting Their Ron Paul Nomination Forms to the Secretary of the RNC
Here's the link to the latest FEC report that was filed yesterday for the period of 8/1 - 8/31. Those interested can see all of the itemized receipts and disbursements as well as the summary:
Forbes: Cody Wilson's 3D-Printable Gun Project Hits Its Fundraising Goal Despite Being Booted Off Indiegogo!Submitted by AnCapMercenary on Fri, 09/21/2012 - 09:51
Andy Greenberg, Forbes Staff | 9/20/2012 @ 9:49AM |3,025 views
A firearm anyone can download and print in their own home may be the most controversial application yet of consumer 3D printing. But some gunlovers, it seems, want to see it happen badly enough to put their wallets behind it.
This week, the so-called Wiki Weapon Project, an initiative that aims to design and build the world’s first entirely 3D-printable handgun, met its goal of raising $20,000 from Internet donors, according to the group’s spokesperson, University of Texas law student Cody Wilson. That’s about ten times the amount the project had managed to raise through the crowdsourced fundraising site Indiegogo when the donation platform summarily booted the printable gun project from its website last month and refunded the group’s pool of contributions to donors.
"Ron Paul’s presidential hopes have long been over, but he’s still spending cash like a candidate.
Paul spent more than $588,000 in August to fund a range of activities and initiatives, from travel to consultants to maintaining a sizable staff, new federal financial disclosures show.
His presidential campaign ended August with more than $2 million in reserve, even taking in about $103,000 worth of contributions for the month, his report indicates.
That stands in stark contrast to fellow GOP also-rans Newt Gingrich and Rick Santorum, both of whom continue to carry seven-figure debt from their presidential runs.
This article by Ms. Fitts offers an unsettling outlook on QE3. What do you all think?
The Daily Bell - I used to have a deputy who said that the FHA mortgage insurance funds were where mortgages went to die. That was, however, before the creation of MERS, derivatives and the explosion of mortgage fraud during the 1990′s which in combination with the "strong dollar policy" engineered what I have referred to as a financial coup d'etat.
The challenge for Ben Bernanke and the Fed governors since the 2008 bailouts has been how to deal with the backlog of fraud – not just fraudulent mortgages and fraudulent mortgage securities but the derivatives piled on top and the politics of who owns them, such as sovereign nations with nuclear arsenals, and how they feel about taking massive losses on AAA paper purchased in good faith.
On one hand, you could let them all default. The problem is the criminal liabilities would drive the global and national leadership into factionalism that could turn violent, not to mention what such defaults would do to liquidity in the financial system. Then there is the fact that a great deal of the fraudulent paper has been purchased by pension funds. So the mark down would hit the retirement savings of the people who have now also lost their homes or equity in their homes. The politics of this in an election year are terrifying for the Administration to contemplate.
Good youtube video I like watch every once in a while...
Hearing on the Price of Money Sept 21, 2012
Live Stream - Lower right corner of the site, click "Live Webcasts"
Congressman Ron Paul, Chairman of the Domestic Monetary Policy and Technology Subcommittee, announced today that the subcommittee will hold a hearing to examine the effects of the Federal Reserve’s interest rate policy on the American people. The hearing, entitled “The Price of Money: Consequences of the Federal Reserve’s Zero Interest Rate Policy,” will be held on Friday, September 21st, at 9:30 a.m. in room 2128 of the Rayburn House Office Building.
Witnesses scheduled to testify:
- James Grant, Editor, Grant’s Interest Rate Observer
- Lewis E. Lehrman, Senior Partner, L.E. Lehrman & Co