The beginning of a U.S. currency crisis and hyperinflation.
Meltup features Gerald Celente, Peter Schiff, Ron Paul, Marc Faber, Jim Rogers, Tom Woods, and others.
by The Ludwig von Mises Institute
The Ludwig von Mises Institute
Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.
Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salemo, Hans Hoppe and Lew Rockwell, this estraordinary film is the clearest, most compelling explanation ever offered of the Fed and why curbing it must be our first priority.
Alan Greenspan is not, we’re told, happy about this 42 minute blockbuster. Watch it and you’ll understand why. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie could change America.
You can order the “Money, Banking and The Federal Reserve on DVD at Mises.org
Ron Paul on Coast to Coast AM with George Noory
We have been subjected to the onslaught of this sound bite coming from the top Banksters and Main Stream Media from the beginning of the sub-prime fiasco. Of course there is only one solution to a failure of a Free Market. That’s right… more regulation. More aptly put: Less Freedom and more Government Control.
How many people across the country are now repeating that sound bite? Many Americans, wanting to demonstrate their knowledge in matters far above their daily life, are using sound bites like this one while repeating the latest propaganda spewing from the bought and paid for Main Stream Media. Some may even engage in lengthy arguments over this misinformation and denial of obvious truths that have been staring them in the face for many, many decades.
The masses, having been focused on increasing their material wealth and “fun in the sun”, haven’t had time to educate themselves on these very important issues. They depend on their limited education from government indoctrination centers, commonly referred to as “public education”, and the Main Stream Media for knowledge of the world around them. Imagine how different our reality might be if men and women had taken time after dinner, or right before bed, to read a book on any of these important matters. In hindsight they might agree that a bit of self education is worth the effort to protect their freedom.
Is the sound bite “Free Market Economy Has Failed” in any way legitimate?
The truth of the matter is that intervention in the market, rather than the market economy itself, was the driving factor behind the bust.
F.A. Hayek won the Nobel Prize for his work showing how the central bank’s intervention into the economy gives rise to the boom-bust cycle, making us feel prosperous until we suffer the inevitable crash. Most Americans know nothing about Hayek’s theory (known as the Austrian theory of the business cycle), and are therefore easy prey for the quacks who blame the market for problems caused by the manipulation of money and credit. The artificial booms the Fed provokes, wrote economist Henry Hazlitt decades ago, must end “in a crisis and a slump, and…worse than the slump itself may be the public delusion that the slump has been caused, not by the previous inflation, but by the inherent defects of ‘capitalism.’”
Although my recently released book, Meltdown explains the process in more detail, an abbreviated version of Austrian business cycle theory might run as follows:
Government-established central banks can artificially lower interest rates by increasing the supply of money (and thus the funds banks have available to lend) through the banking system. This is supposed to stimulate the economy. What it actually does is mislead investors into embarking on an investment boom that the artificially low rates seem to validate but that in fact cannot be sustained under existing economic conditions. Investments that would have correctly been assessed as unprofitable are falsely appraised as profitable, and over time the result is the squandering of countless resources in lines of investment that should never have been begun.
Source: “No, The Free Market Did Not CauseThe Financial Crisis”, by Thomas E. Woods, Jr.
Here are some folks that are accomplishing a few things. Imagine that… people that actually lobby Congress to effect change!
Campaign for Liberty has been on the Hill all week lobbying congressmen to support HR 1207, Ron Paul’s bill to Audit the Fed, and we’re pleased to report that the bill’s momentum shows no signs of slowing down! C4L’s Jesse Benton has visited over 50 congressional offices, and reports that “the reception has been unbelievable…. Between our Hill lobbying, the work of Dr. Paul’s congressional staff and the work of all the tremendous grassroots activists in our movement, we are making progress unthinkable a few years ago.” Read his report on the C4L blog here. Thanks to that hard work and dedication, HR 1207 now has 91 cosponsors and more on the way! Our national office is filled with your petitions, and now is the perfect time to make our voices known to Congress.
Their next step is a petition drive.
Next Tuesday, April 28th, Campaign for Liberty will be holding its second official Mass Action Day by doing a “National Petition Push” for HR 1207. If the media didn’t know what to say about all our “Audit the Fed” signs dominating the Tea Party visual landscape on April 15th, just wait till they see Congress slammed with tens of thousands of C4L petitions!
Make no mistake: We’re turning this spirit of freedom into real legislative action.
On the 28th, members of my staff and I will be joined by C4L members from around the DC area as we mount Capitol Hill to flood Congress with tens of thousands of your petitions in support of HR 1207. But this effort will extend far beyond D.C., as we’re asking C4L members all across America to take their petitions to their representative’s district offices on the 28th. Phone calls and emails are powerful tools, but nothing compares to a personal office visit.
These people believe that they can “take back” and “put right” their “servant” government. Year after year, Ron Paul has introduced legislation to “End the Fed“. His bill to abolish the Fed, even though widely supported by the People, has never made any legislative progress or even gained a co-sponsor. His “toned down” version is making great progress, as noted above.
In the Politico, Ron Paul writes, “if this audit reveals what I suspect and Congress has finally had enough, it can also pass my legislation to abolish the Federal Reserve.”
What would replace the Fed if Congress decides to “End the Fed“?? There must be included in any legislation to “End the Fed” a Constitutional solution that will move further away from the globalists plan for a “one world currency” as part of plans for a New World Order.
What should we fear? We should fear that this movement to “Audit the Fed” and “End the Fed” will be used as a vehicle to push America into acceptance of a one world currency and banking system widely being touted as the solution to the world’s economic crisis and currently being implemented, gradually, until a prime moment arrives at which it can be thrust upon the unsuspecting American People.
This is a danger that preparations must be made for and actions ready to be taken. The servants must be forewarned that any such attempt to remove a constitutional currency resulting in the loss of American Sovereignty will end their political careers.
Open your eyes America… Wake Up!! Robert Welch predicted what would happen and gave the same solution that many are giving today, including Ron Paul.
This post updates “New Financial World Order“, in which I shared my earlier prediction of a “world currency”. At the bottom of that post is listed just a few of the several articles that can be found on the ‘net in support of that prediction. And now there is this one, also from PrisonPlanet.com:
Obama, Geithner and Bernanke yesterday publicly defended the dollar and denounced proposals by China and Russia to supplant the greenback with a new global currency, and yet the very policies of the Obama administration, the Treasury and the Federal Reserve are creating the perfect storm for the dollar’s death and its replacement with a new international reserve currency.
And later in the article:
In the case of Obama, Geithner and Bernanke, actions certainly speak louder than words, because while publicly denouncing the demise of the dollar and the call for a new global currency, their every policy is creating the very means and justification for its introduction.
Bernanke himself has vehemently supported efforts to create a global regulatory framework that would act as the vehicle for the introduction of a new global currency to replace the dollar.