Talking head stupidity

Gold is "backed by nothing" and the dollar is "backed by the fed"???

I'd take gold anytime.

You can't melt paper dollars

The US government (Federal Reserve) is really smart.

OK, They are really devious and dishonest.

Here is a story of the Indian Government arresting a smart man. His crime? Melting some of his own currency, yes, he owned it....even if it was issued by his government.

The reason he was melting it is because it is worth more as pure silver than the face value of the coin.

Back to the comment about our government being dishonest and devious. They quit making coins with silver in 1964 (90%) and 1969 (40%).

So, our money is absolutely worthless. It's made of nothing. Our coins are made of junk metals that are worth much less than the face value of the coin. How is this honest?

See Coinflation's website to see just what a dime is really worth.

But, we have went one step further, we have issued paper money. Nothing backs it up!

This is the same government that is going to borrow itself out of debt. This ponzi scheme will come to and end.

The Federal Reserve is the legal mafia. Thomas Jefferson and Andrew Jackson were right in being afraid of a central bank. Ron Paul is right to try to abolish it.

Gold, Silver and the debasement of our currency

The injustice of artificially low interest rates

The Cruelest tax of all

Good reasoning for auditing the Federal Reserve

Audio here

You Can't Print Production and Prosperity

An article Obama and Comrade Charlie Wilson should read.

Mises story here.

"It's hard to imagine that the monetary policy talk can get any nuttier, but we've likely only just begun. After all, despite the Federal Reserve growing its balance sheet by 140 percent and dropping rates essentially to zero, the bankruptcies just keep on coming."

Now, if we could convince our federal government to follow Morgan County's lead

County offices go to four-day work week
The Morgan County commissioners reported, that due to the shortfall of revenue for the county General Fund, they passed a resolution on July 6 to close those county offices funded by the County General Fund on Fridays, effective July 17 through at least the end of 2009.

The offices affected are: Auditor’s Office, Clerk of Courts, Recorder’s Office, Treasurer’s Office, County Court, Prosecutor’s Office, and the Commissioners’ Office.

Now, if we could convince our federal government to follow Morgan County's lead.....of course when the federal government falls short of funds, it just prints more.

Charlie Wilson still a hold up on Auditing the Fed bill

Again, if the Federal Reserve has nothing to hide, great. Why not be sure?

Why is Congressman Charlie Wilson against auditing the Fed? He needs to separate himself from Barney Frank and do what's best for the 6th district.

Link to story here.

Fannie, Freddie asked to relax condo loan rules

Reuters "story".

"Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery, the Wall Street Journal said.

The legislators asked the companies to "make appropriate adjustments" to their underwriting standards for condos, the paper added."

What they need to do is disband Freddie and Fannie (and the Federal Reserve while we're at it), let the market set the interest rates and get the government / Fed out of the business of creating boom / bust cycles in our economy. At the very least, the Fed needs to focus on preventing inflation...instead of causing it, then contracting the money supply to combat it. Let the market decide.

Haven't they learned? Barney Frank helped get us into this financial mess by forcing Freddie and Fannie Mae to lower requirements to obtain loans.

"Free" money and easy credit is what got us into this mess and Frank and his democrat cronies had a huge hand in it to begin with. The Fed had a bigger hand, but Frank has culpability galore.

Now he wants to do it again!!!??? Only Massachusetts could keep voting these idiots back into office.

Edward Kennedy, Ed Markey, Gerry Studds (for real), Barney Frank, John Kerry.

It's like a walking freak show!

Congressman Charlie Wilson still against auditing the Federal Reserve, WHY?

Our so called "blue-dog"* democrat congressman is still against auditing the Federal Reserve. Why would anyone be against auditing the Fed? If they have nothing to hide, great....but why not ensure?

Previous post here

*A nick name given to democrats in conservative districts to make them look / sound like they are conservative themselves. The problem for them in today's world is that anyone can look up their voting record and see that Charlie Wilson is no conservative.

HR 1207, Audit the Federal Reserve

This has 224 co-sponsors as of today.



As far as I know, our Congressman Charlie Wilson has not signed on as a co-sponsor. This does not surprise me. I'm curious however, of how one can be against auditing the Federal Reserve. Probably the most important factor in our economy, and surely, with it's artificially low interest rates, the cause of our current recession.

Charlie Wilson is too busy using the Fed's funny money to buy votes than to actually support of an audit of the same.

Now he's even bragging about some sort of a new government ponzi scheme:

"Today the U.S. Treasury Department announced that $45,477,000 in bond authority will be immediately available for local governments in Ohio’s Sixth Congressional District under the Recovery Zone Bonds program. Recovery Zone Bonds, created under the American Recovery and Reinvestment Act, are targeted to areas particularly affected by significant job loss and will help county governments obtain capital for much needed economic development projects.

These bonds will help in so many ways. The program will make it easier for counties and private businesses to borrow money at a better rate. The counties and businesses that make up my district can then use that money to improve infrastructure, increase job training and help families struggling with this tough economy."

Does he not remember or is it that he doesn't care, that borrowing and increasing debt due to artificially low interest rates is what got us into this mess to begin with?

Charlie Wilson needs to sign as a co-sponsor of HR 1207. If the Fed has nothing to hide, great. However it's Charlie Wilson's job to ensure our money is sound* and the Federal Reserve has some oversight from the people.

Of course, our money will never be sound until it is based on something.