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
Bob Basso author of “Common Sense” plays the role of Thomas Paine to ignite the fire of change in America. Patriotism and Pride for America lead Thomas Paine to help take back America!
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.
It’s over!! The Mainstream Media did its job to whip up hysteria over the threat of swine flu and have now begun to publish stories to calm the fear it had created. The government had its excuse to spend more taxpayer dollars on a vaccine that has proven to be more deadly then the flu itself, the goal of a huge increase in the price of big pharma stock has been met and all those agencies and other scoundrels involved in this latest scam upon the populace are satisfied.
We can expect to see more articles and stories like the one below in the next day or two as the MSM whinds this one down while they smile smugly about their ability to manipulate the masses.
MEXICO CITY (Reuters) – New laboratory data showed fewer people have died in Mexico than first thought from a new influenza strain, a glint of good news for a world rattled by the threat of a flu pandemic.
Mexico cut its suspected death toll from the H1N1 flu to up to 101 from as many as 176, as dozens of test samples came back negative. Fewer patients with severe flu symptoms were also checking into hospitals, suggesting the infection rate of a flu that has spread to Europe and Asia was declining.
The World Health Organization said on Saturday 15 countries have reported 615 infections with the new flu virus A-H1N1, widely known as swine flu.
Italy later confirmed its first case, a man in the Tuscany region who returned from Mexico on April 24. He has recovered.
Almost all infections outside Mexico have been mild. The only death in another country has been a Mexican toddler who was taken to the United States before he fell sick.
The provision giving judges the power to reduce mortgage principals and interest rates for homeowners in bankruptcy may be stripped from H.R. 1106 by the Senate. The provision, referred to as “cramdown”, would not give more taxpayer money to the banks. Instead, the Banksters may be offered “incentive payments” for “voluntarily” lowering interest rates.
So far, all the foreclosure prevention plans that rely on voluntary participation from the banks have failed. If cramdown is removed from the current bill, we will be left with another voluntary plan plus some cash bonuses for banks. Homeowners who owe much more than the current value of their house will still not be helped.
Written by Thomas R. Eddlem
Monday, 23 March 2009 11:30
Newspapers are fixated upon $160 million in bonuses given to American International Group (AIG) executives. And it’s nice to know where the millions are going (note: the bonuses could have been cancelled had the federal government let the company go bankrupt, as officials should have). But where are the trillions in TARP, TALC and Federal Reserve Bank bailout funds going? The man in charge of administering the bailouts is Treasury Secretary Timothy Geithner, who served as a staff member of the New York City-based Council on Foreign Relations before being hired in 2003 to head the New York City branch of the Federal Reserve Bank (Fed). As the vice chairman of the Fed’s Open Market Committee, Geithner is probably a poor choice to get the nation out of it’s current economic mess. He served as Alan Greenspan’s number two man at the Fed, so Geithner is as responsible as anyone for facilitating the severity of the real estate and financial bubble and its subsequent collapse. After all, the Fed was the driving force behind the asset bubble, inflating the bubble larger and larger through artificially low interest rates and an inflationary easy-money policy.
Under Geithner and his predecessor (former Goldman Sachs CEO Henry “Hank” Paulson), the majority of bailout funds have been awarded to high-level donors to Geithner’s former employer: the Council on Foreign Relations (CFR).
Thomas Eddlem raises very important questions at the end of his article … see the entire article here. A great many of the People know the business relationship of the people involved and yet… there is nothing done. The People screamed loud and clear for a “No” vote on the bailouts and yet… the bailouts were passed. Maybe it’s time The People looked for new representation from a different political party?? How about a party that stands on the principles found in the founding documents of this country?
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.
You heard the slogan. Were you one of those taken in by it? Do you still believe that there will be any change in the way the federal government does business? Will the People be able to count on their government to “preserve, protect and defend” the Constitution and their Freedom?
Think about all that the new administration has accomplished up to this point. What do you see?? Disagree all you want but at this point I see nothing but the same ol’ song and dance. If at all possible I hope to enlighten the readers of this blog to the fact that the 2 major political parties are one and the same, with very slight and inconsequential differences which all serve a single specific purpose, marching in the same direction.
We have seen a “stimulus” bill passed and signed into law under the “economic emergency” without the full transparency that had been promised on the campaign trail while Obama fought to secure votes. This bill was passed in much the same way that the USA Patriot Act was passed during the Bush Administration. And when scrutinized closely we find a few new laws tucked away within its pages that do nothing more than infringe upon the rights of the People and invade privacy while implementing new systems of control over them.
As noted in a previous post, Obama has surrounded himself with “globalists” that work towards their goal of a New World Order. This NWO is not in the best interests of America or the World. It serves to benefit only the lust for financial gain and power of the International Corporations. But I digress…
We have had to endure an assault on our liberty from the Bush Administration which brought protests from around the country, from all corners and regardless of political affiliation.
“The brownshirt Bush regime ignored the protections provided by habeas corpus. They spied on American citizens without warrants. They violated the First Amendment. They elevated decisions of the president above US statutory law and international law. They claimed the power to withhold information from the people’s representatives in Congress, and they asserted, and behaved as if, they were unaccountable to the people, Congress, and the federal courts. The executive branch claimed the power to ignore congressional subpoenas. Republicans regarded Bush as a Stuart king unaccountable to law.”
And what solution did the American People come up with?? Yep, that’s right, they voted for the same ol’ song and dance instead of looking to someone that was outside of the mainstream political landscape. They looked to another “politician” instead of a “statesman”.
We now see that Obama is falling into line with much of what the Bush Administration has accomplished (which was by no means for the benefit of the American People).
“Now we have the Democrats, and the assault on civil liberty continues. President Obama doesn’t want to hold Bush accountable for his crimes and violations of the Constitution, because Obama wants to retain the powers that Bush asserted. Even the practice of kidnapping people and transporting them to foreign countries to be tortured has been retained by President Obama.
The civil liberties that Bush stole from us are now in Obama’s pocket.”
How is that for change? Allow me to demonstrate some of the other “changes” that come from the “Hope for Change” administration.
The current administration is now attempting to block a lawsuit seeking to recover millions of missing White House emails. Why is Obama’s administration continuing the Bush administrations efforts to block this lawsuit?
Onward we march towards Socialism? Benito Mussolini coined the term “fascism” and later said that “corporatism” would have been a better term. Socialism or Corporatism? Take your pick. We are without a doubt headed in that direction as evidenced by the leanings of the new administrations desire to institute mandatory programs of national service.
“Despite denials that Obama plans to institute a mandatory program of national service, his original change.gov website stated that Americans would be “required” to complete “50 hours of community service in middle school and high school and 100 hours of community service in college every year”. The text was only later changed to state that Americans would be “encouraged” to undertake such programs.”
The pattern should be obvious to anyone with a skittle of intelligence. How do you think the Obama Administration is going to react to the Bush Administrations efforts to protect the telecom industry from liability when Bush had successfully enacted law giving them immunity? Will that Bush policy change under this new administration? The pattern suggests that these huge corporations have nothing to worry about and they will continue to allow your privacy to be invaded.
While people are busy living their life, working, throwing “Oscar” night partys (Can you believe it? People actually have Oscar night parties!!) or watching News stories about which celebrity doesn’t wear underwear – the reality around them is gradually undergoing change they may not see the danger of until it is much too late.
Thankfully, there are many people that understand the dangers the runaway federal government brings upon The People and are working diligently to thwart these assaults on the Freedom that the People of this country have long defended and enjoyed. Hmm, maybe I should be wary of a visit by the Sercret Service?
It appears that “hope” for change was the promise. Hope all you want – you won’t see real change until we have Statesman that refuse to be puppets of corporations and their lobbyists.
Get Active. Join Patriots from every corner of this great land and work to effect real change. The promise of “hope” for change is not a promise for actual change. Real Change begins with You.
See the links under “America Acts” to find out how you can be a part of effecting change. Investigate and compare those “other” political partys and their candidates. Do not allow the mainstream medias’ coverage of the same ol’ song and dance routine of the 2 major partys be your only source of information.
 The USA Patriot Act and The Bill of Rights
“Under cover of darkness the President had the substitute bill printed at 3:45 a.m., only hours before the House vote scheduled for that same morning. Out of 435 Representatives, NOT ONE would read the substituted Act before voting on the bill.“