Fed Chairman Bernanke is before the Financial Services Committee to testify on monetary policy and the state of the economy.
Showing posts with label The Federal Reserve. Show all posts
Showing posts with label The Federal Reserve. Show all posts
Wednesday, February 24, 2010
Saturday, February 20, 2010
Monday, January 25, 2010
Ron Paul on CNBC's Squawk Box: Debate on Bernanke and the Fed
Congressman Ron Paul schools Pennsylvania congressman Paul Kanjorski and the Squawk Box talking heads on the "merits" of the Federal Reserve.
Wednesday, December 16, 2009
Ron Paul & Barney Frank On Larry King Live
On Healthcare & Ben Bernake being Time Magazine's Man Of The Year.
Tuesday, December 15, 2009
Nick Gillespie on Freedom Watch
On December 9, 2009 Reason.tv's Nick Gillespie appeared on Fox News' Freedom Watch with Judge Andrew Napolitano to discuss auditing the Federal Reserve, health care reform, and the role of small-government libertarians in the Republican Party. Also appearing: Investment analyst and Senate candidate Peter Schiff.
Thursday, December 3, 2009
Bernake's Confirmation Is........On Hold.
On Thursday, December 3, 2009, Congressman Paul appeared on MSNBC's "The ED Show" to discuss Federal Reserve Chairman Ben Bernanke's nomination hearing for a second term, as well as the need to Audit the Fed.
Sen. Jim DeMint (R-S.C.) questions Federal Reserve Chairman Ben Bernanke during his renomination process before the U.S. Senate (Dec. 3, 2009).
*UPDATE*
Senator Jim Bunning unmistakeably references G. Edward Griffin's essential book "The Creature from Jekyll Island", a book: The Creature from Jekyll Island
Sen. Jim DeMint (R-S.C.) questions Federal Reserve Chairman Ben Bernanke during his renomination process before the U.S. Senate (Dec. 3, 2009).
*UPDATE*
Senator Jim Bunning unmistakeably references G. Edward Griffin's essential book "The Creature from Jekyll Island", a book: The Creature from Jekyll Island
Thursday, November 26, 2009
Tuesday, November 3, 2009
Rep. Judas...Err. Melvin Watt Of N. Carolina GUTS H.R. 1207
*Vid Of 4409 Calling Watt At The Bottom of this article*
With most Americans outraged over the behavior of the Federal Reserve and the part it has played in the bailouts of huge institutions in the financial and automotive industries, Ron Paul introduced H.R. 1207, which would have required a full audit of the Federal Reserve and its activities, which crosses international lines.
According to Rep. Ron Paul, R-Texas, the House Financial Service Committee’s panel on domestic monetary policy, Rep. Mel Watt, D-N.C., essentially stripped the bill of just about everything that would have required transparency, and pretty much is now worthless as to its original purpose of letting the American people and Congress see what their secretive dealings have entailed.
After Watt got hold of the bill, it no longer includes the communications reports between the reserve banks and its various workers, and also the Board. What was especially wanted to be seen was what types of deals were made with foreign central banks and how recent bailout money was spent and what banks received it and how much. Paul asserts those loopholes, which had been closed in the original language of the bill, are now reopened.
Citing a telephone interview with Paul, Bloomberg reported Paul said about the revised bill: “There’s nothing left; it’s been gutted. This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”
Especially troubling about the gutting of the bill is the connections the Democrat Watt has with the banking industry. Bank of America (NYSE:BAC) has its headquarters in his congressional district, which is based in Charlotte, but worse, the majority of contributions to Watt’s campaign has come from corporations in the real estate, finance and insurance industry.
Watt’s largest contributors included American Express (NYSE: AXP), Wachovia, Bank of America and the American Bankers Association. Altogether the financial industry donated over $217,109 to Watt, which was over 35 percent of the overall contributions he received.
Click Here For More Contributors
Paul’s bill had widespread support, with over 300 co-sponsors in the house. Per Bloomberg, Paul says he plans on introducing an amendment to the bill which would bring it back to the original language it included at the time it comes to the floor of the House to be voted on.
Source
Melvin Watt's Contact Information:
WASHINGTON:
(202) 225-1510
CHARLOTTE:
(704) 344-9950
GREENSBORO:
(336) 275-9950
With most Americans outraged over the behavior of the Federal Reserve and the part it has played in the bailouts of huge institutions in the financial and automotive industries, Ron Paul introduced H.R. 1207, which would have required a full audit of the Federal Reserve and its activities, which crosses international lines.
According to Rep. Ron Paul, R-Texas, the House Financial Service Committee’s panel on domestic monetary policy, Rep. Mel Watt, D-N.C., essentially stripped the bill of just about everything that would have required transparency, and pretty much is now worthless as to its original purpose of letting the American people and Congress see what their secretive dealings have entailed.
After Watt got hold of the bill, it no longer includes the communications reports between the reserve banks and its various workers, and also the Board. What was especially wanted to be seen was what types of deals were made with foreign central banks and how recent bailout money was spent and what banks received it and how much. Paul asserts those loopholes, which had been closed in the original language of the bill, are now reopened.
Citing a telephone interview with Paul, Bloomberg reported Paul said about the revised bill: “There’s nothing left; it’s been gutted. This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”
Especially troubling about the gutting of the bill is the connections the Democrat Watt has with the banking industry. Bank of America (NYSE:BAC) has its headquarters in his congressional district, which is based in Charlotte, but worse, the majority of contributions to Watt’s campaign has come from corporations in the real estate, finance and insurance industry.
Watt’s largest contributors included American Express (NYSE: AXP), Wachovia, Bank of America and the American Bankers Association. Altogether the financial industry donated over $217,109 to Watt, which was over 35 percent of the overall contributions he received.
Click Here For More Contributors
Paul’s bill had widespread support, with over 300 co-sponsors in the house. Per Bloomberg, Paul says he plans on introducing an amendment to the bill which would bring it back to the original language it included at the time it comes to the floor of the House to be voted on.
Source
Melvin Watt's Contact Information:
WASHINGTON:
(202) 225-1510
CHARLOTTE:
(704) 344-9950
GREENSBORO:
(336) 275-9950
Friday, September 25, 2009
H.R. 1207 Finally Coming Through...
If you didn't know, the hearing of H.R.1207 was today and representative Alan Grayson of Florida was one of the people pushing for this bill to come through.
This is an excellent clip.
More clips will be posted as they become available...
*HIGHLIGHTS*
This is an excellent clip.
More clips will be posted as they become available...
*HIGHLIGHTS*
Saturday, September 12, 2009
Wednesday, August 26, 2009
Fall Of The Republic: The Presidency of Barack Obama - Trailer
Here is a first glimpse of Alex Jones most powerful film yet, to be titled Fall of the Republic: The Presidency of Barack Obama. The globalists want the Republic to fall, and they are trying to use their newest, and slickest ever puppet to destroy the last vestiges of Americas freedom, Constitution and economy, all while helping the bankers loot the country clean. But this film shows how we can turn it around, and restore all that was good and right in our nation.
Wednesday, August 12, 2009
The Record of the Federal Reserve
Let’s talk about The Federal Reserve. Consider the following facts:
A) From 1776 to 1912 (136 years), the value of the dollar, relative to the Consumer Price Index, increased by 11%. A dollar could buy 11% more goods in 1912 than in 1776. Thus, if in 1776, you sat on your savings pile of $1,000,000 for 136 years, it would then be worth $1,110,000 in purchasing power (it will have appreciated in value by 11%). A loaf of bread for Thomas Jefferson cost the same as a loaf of bread for Lincoln 50 years later and again the same for J.P. Morgan 50 years after that.
B) The United States Federal Reserve was created in 1913. The stated purpose of the Fed, by its own definition taken from its website, is to "conduct the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices." Note that "stable prices" is another way of saying "stable dollar," they are two sides of the same coin (couldn’t resist the pun).
C) Then after The Fed’s creation, from 1913 to 2008 (95 years), the value of the dollar, relative to the Consumer Price Index, decreased by 95%. A dollar could buy 95% fewer goods in 2008 than in 1913. Thus, if in 1913, you sat on your savings pile of $1,000,000 for 95 years, it would then be worth only $50,000 in purchasing power (it will have depreciated in value by 95%). One would now need to pay about 20X more than J.P. Morgan for one’s bread. Ask my mother how much the price of milk has increased just in the last ten years alone.
In other words, the value of the dollar remained extremely stable for 150 years, then The Fed was created in order to "stabilize the value of the dollar" and the result has been a 95% devaluation of the dollar in less than 100 years following its creation. Below is a graph of this history, which I’ve marked with the year 1913 so you can see the change. The graph is also marked with the years of decoupling from the gold standard, as no examination of dollar value would be sound without such mention.
Read More...
A) From 1776 to 1912 (136 years), the value of the dollar, relative to the Consumer Price Index, increased by 11%. A dollar could buy 11% more goods in 1912 than in 1776. Thus, if in 1776, you sat on your savings pile of $1,000,000 for 136 years, it would then be worth $1,110,000 in purchasing power (it will have appreciated in value by 11%). A loaf of bread for Thomas Jefferson cost the same as a loaf of bread for Lincoln 50 years later and again the same for J.P. Morgan 50 years after that.
B) The United States Federal Reserve was created in 1913. The stated purpose of the Fed, by its own definition taken from its website, is to "conduct the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices." Note that "stable prices" is another way of saying "stable dollar," they are two sides of the same coin (couldn’t resist the pun).
C) Then after The Fed’s creation, from 1913 to 2008 (95 years), the value of the dollar, relative to the Consumer Price Index, decreased by 95%. A dollar could buy 95% fewer goods in 2008 than in 1913. Thus, if in 1913, you sat on your savings pile of $1,000,000 for 95 years, it would then be worth only $50,000 in purchasing power (it will have depreciated in value by 95%). One would now need to pay about 20X more than J.P. Morgan for one’s bread. Ask my mother how much the price of milk has increased just in the last ten years alone.
In other words, the value of the dollar remained extremely stable for 150 years, then The Fed was created in order to "stabilize the value of the dollar" and the result has been a 95% devaluation of the dollar in less than 100 years following its creation. Below is a graph of this history, which I’ve marked with the year 1913 so you can see the change. The graph is also marked with the years of decoupling from the gold standard, as no examination of dollar value would be sound without such mention.
Read More...
Thursday, July 30, 2009
Freedom Watch With Judge Napolitano 7-29-08
Rep Ron Paul – TX Congressman
Peter Schiff – Pres, Euro Pacific Capital
Andrew Schiff – Euro Pacific Capital
Sheriff Richard Mack – Author, County Sheriff: America’s Last Hope
Tom Mullen – Author, A Return to Common Sense: Reawakening Liberty in the Inhabitants of America
Dr. Walter Block – Professor, Loyola University New Orleans, fellow of the Ludwig von Mises Institute
Peter Schiff – Pres, Euro Pacific Capital
Andrew Schiff – Euro Pacific Capital
Sheriff Richard Mack – Author, County Sheriff: America’s Last Hope
Tom Mullen – Author, A Return to Common Sense: Reawakening Liberty in the Inhabitants of America
Dr. Walter Block – Professor, Loyola University New Orleans, fellow of the Ludwig von Mises Institute
Wednesday, July 29, 2009
Saturday, July 25, 2009
Wednesday, July 22, 2009
Ron Paul Breaks Down The Federal Reserve's Role Behind The Economic Crisis.
Opening Statement:
Ron Paul Questioning Bernake:
Ron Paul on MSNBC after the hearing.
Ron Paul Questioning Bernake:
Ron Paul on MSNBC after the hearing.
Saturday, July 18, 2009
Max Keiser Slams Goldman Sachs.
Max Keiser ends up going into a "Global Governance Talk" but only to make a point while the French Professor Of Economics consistently preaches about it being the "Solution"
Thursday, July 16, 2009
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