Federal Reserve

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Thank you for a great ride, and for 8 years of support!
2 votes

Is the Fed Really Treasonous? asks Tom DiLorenzo

The neoconservative talking heads recently took a short time out from praising, deifying, and anointing Texas Governor Rick Perry as the next president of the United States to chastise him for criticizing the Fed. In particular, he was taken to the neocon woodshed for saying that the printing of trillions of dollars of paper currency was harmful to the economy and, since we are in a depression, such an act was "almost treasonous."

0 votes

The FIX is in: Neo-Con heavyweight weighs in against FRNs and for gold!!

Folks, when someone as neo-connish as you can get like William Kristol derides the Nixon Shock and opines for the discipline of gold, you have to realize, it is going to happen now no matter what.

The only question is - will they "steal" the fiscal and monetary issues away from Ron Paul yet continue to placate the warmongers? Or can they even control ANYTHING at this point? Have we already reached the "Ron Paul Tipping Point?"


0 votes

Rick Perry 2.0 would rather talk about the weather

it would seem Rick Perry got in a little over his head. well, that did not take long!

By Maeve Reston

August 17, 2011, 1:37 p.m.

Just a few days ago Rick Perry seemed to be basking in the attention he’s been getting from the press – gamely answering questions from reporters for several hours between hugs and autographs at the Iowa State Fair.


0 votes

Philly Fed Chief says that The Fed's Low Rate Pledge ‘Inappropriate’

The Federal Reserve's recent promise to keep rates low for another two years was "inappropriate policy at an inappropriate time," while its statement on the economy was excessively negative, a top Fed policymaker said on Wednesday.

Philadelphia Federal Reserve President Charles Plosser said he dissented from the Fed's statement because policy should be determined by what the economy is doing rather than by a fixed timeline.

"It was inappropriate policy at an inappropriate time," Plosser told Bloomberg Radio.

1 vote

"Something is going on."

The gig is up folks. The game is rigged. The emperor has no clothes, and people are starting to take notice. I make no apologies for my diehard support of Ron Paul and I won't - but the original intent of this blog was not to be an explicit endorsement of Paul. I feel a little reluctance to AGAIN feature him but things are getting serious, fast, and I am not ashamed to dedicate so much space on this blog to his cause.

More: http://thegldnrule.wordpress.com/2011/08/17/something-is-goi...

What's Wrong with Our Monetary System?

For those who don't understand the seriousness of what the government has done, this is a great video of top financial talking heads with Ron Paul, that explains why the Federal Reserve is perhaps not the best or most legal or beneficial system there is. I suggest all detractors watch it many times until it sinks in.

Bernanke Starting to Look Dumb

by Michael Nystrom | November 9, 2007
Bull! Not bull

Part I

It was a bit nostalgic for me to see footage of Ron Paul addressing Ben Bernanke on live TV yesterday, as it was almost five years ago that I was first introduced to Ron Paul in the same way. Back then (February 27, 2002), I saw Dr. Paul for the very first time, live on CNBC as I was getting ready for work. At the time I didn't know who he was, but I was astounded by what I heard. He was addressing then Fed Chairman Greenspan on the Federal Reserve, and speaking plain and honest truths: "In many ways I feel that the system you have been asked to manage is similar to an Enron system..."

Enron had just recently gone bankrupt, so I couldn't believe my ears. He continued on, stating truths about the fraudulent Federal Reserve System that nearly everyone else in Washington actively seeks to avoid.

I was hooked, and five years later Dr. Paul is still at it. Yesterday he was addressing Ben Bernanke, hauling the Fed's polite euphemisms out into the sunshine, naming them for what they are: "...they don't say inflate the currency, they don't say debase the currency, they don't say devalue the currency, they don't say cheat the people who save...They say, 'lower interest rates.' But ... I don't hear you say too often, 'The only way I can lower interest rates is to create more money.' ...So my question boils down to this: 'How can we expect to solve the problems of inflation...with more inflation?"

Ron Paul Gives Fed's Ben Bernanke a Schooling

Thank you, Ron Paul, for simply speaking the truth:

Thank you to 1sageee for uploading this to Youtube. More details from CSPAN

A friend just emailed me with this news: "CNBC's Rick Santelli reporting a roar of "Ron Paul!" chants in the trading pits of Chicago as Paul blasts Bernanke about the dollar...."

Full video - Parts I & II on CNBC - look on the right hand side for video links (thank you to takeaction for the tip)

Americans' Paychecks at the Breaking Point

Most people never make the connection why prices are rising. This article from the AP doesn't. It describes how bad things are getting for people, but doesn't mention why paychecks can only be stretched half as long as before. Ron Paul makes the connection - it is the Federal Reserve, printing more and more money, making the money in your paycheck, your wallet, and your bank account worth less and less. AP Article follows below:

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Workers are juggling ever-increasing housing, food and energy bills


NEW YORK -- The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.

Across the nation, Americans are increasingly unable to stretch their dollars to the next payday as they juggle higher rent, food and energy bills. It's starting to affect middle-income working families as well as the poor, and has reached the point of affecting day-to-day calculations of merchants like Wal-Mart Stores Inc., 7-Eleven Inc. and Family Dollar Stores Inc.

Inflation and War Finance

by Ron Paul
January 29, 2007

Originally published here:

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