Ron Paul Wins Support to Audit Fed Reserve

Rep. Ron Paul so far has won 245 co-sponsors to a bill that would require a full-fledged audit of the Federal Reserve by the end of 2010.

dr_ron_paul
Rep. Ron Paul, shown here speaking to the American Conservative Union last February, is winning supporters to a new bill. (Reuters Photo)

All of a sudden, Congress is paying close attention to Ron Paul.

The feisty congressman from Texas, whose insurgent “Ron Paul Revolution” presidential campaign rankled Republican leaders last year, now has the GOP House leadership on his side — backing a measure that generated paltry support when he first introduced it 26 years ago.

Paul, as of Tuesday, has won 245 co-sponsors to a bill that would require a full-fledged audit of the Federal Reserve by the end of 2010.

Related articles:
Ben Bernanke is a Total Failure Unsuited for Role as Fed Chairman
Ben Bernanke warns on auditing the Federal Reserve
Ron Paul: The Obama administration gives a tremendous amount of more power to the Federal Reserve, the very institution that created our problem (6/18/09)

Paul attracted just 18 co-sponsors when he authored a similar bill, which died, in 1983. While the impact Fed policies have on inflation is once again a concern, fears about loose monetary policy and excessive federal spending appear even more widespread in 2009.

“In the past, I never got much support, but I think it’s the financial crisis obviously that’s drawing so much attention to it, and people want to know more about the Federal Reserve,” Paul told FOXNews.com.

With the Federal Reserve holding interest rates at rock-bottom levels, pumping trillions into the economy and now poised to have new powers to oversee the financial system under President Obama’s proposed regulatory overhaul, Paul said lawmakers want transparency.

“If they give them a lot more power and there’s no more transparency, that’ll be a disaster,” he said.

Read moreRon Paul Wins Support to Audit Fed Reserve

Former Associate Attorney General Bruce Fein: Obama ‘shuts his eyes’ to ‘open confessions’ of Bush-era war crimes

kevinzeese
Velvet Revolution attorney Kevin Zeese, speaking at the National Press Club on Monday.

Speaking at the National Press Club on Monday, former Reagan administration Associate Attorney General Bruce Fein lamented President Barack Obama’s decision to shut his eyes to open confessions of war crimes by members of the prior administration.

“It’s at the highest levels that the rule of law finds its greatest majesty,” he told reporters. “That’s why the United States was so idolized after Nixon left. We said that the most powerful man in the world is subject to the law. He cannot defy it.”

Fein was making the historical argument with respect to the Obama administration’s continued refusal to investigate the Bush administration’s torture program, which was designed and specifically authorized by high-level officials.

“[Today] we have an instance where the President of the United States — Harvard Law Review, a Constitutional Law professor who knows what the law is — shuts his eyes to open confessions,” he said. “We authorized torture, for which there is no exception.”

Fein was speaking on behalf of Velvet Revolution, a coalition of over 150 peace and religious groups, that is leading the charge to get attorneys involved in the Bush administration’s torture program thrown out of office and the legal profession.

Read moreFormer Associate Attorney General Bruce Fein: Obama ‘shuts his eyes’ to ‘open confessions’ of Bush-era war crimes

Debasing the Currency is Leading to Financial Collapse . . . Just As It Has for Thousands of Years

In a fascinating 22-page study of money and currency, Christopher Weber shows that every government – from Athens, to pre-collapse Rome, to the Islamic countries in the Middle Ages – which stuck to the Greek standard of coins has been stable and prosperous.

Specifically, the Athenian Drachma contained 65.6 grains of silver. Even after Greece declined as a superpower, its currency remained stable.

The Roman Denarius, Byzantine Bezant, and Islamic Dinar all copied the Drachma, using around 65.6 grains of gold or silver in their coins.

For the many centuries the Romans, Byzantines, and Islamic rulers left this precious metal content alone, they had stable and prosperous money supplies and nations.

But after the Romans and Byzantines started to whittle down the precious metal content of their coins – and after the Muslims started issuing paper money – their currency went down the drain, their prosperity plummeted and their empires collapsed.

This may all sound like ancient history, except that Weber points out that:

The US dollar has been depreciating for generations. Seventy years ago it was first devalued from $20.67 a gold ounce to $35. Then 35 years ago the devaluation started gaining strength. The dollar has lost over 90% of its gold value since August 15, 1971.

History is repeating . . . Sound money is again being trashed, which is causing the collapse of the American empire.

Monday, June 29, 2009

Source: Washington’s Blog

5 US States Brace For Shutdowns

Time is running out for the legislatures in Arizona, California, Indiana, Mississippi and Pennsylvania to solve budget gaps.

Reporting from Indianapolis and Denver — The last time Indiana missed its deadline for passing a budget and had to shut down the government was during the Civil War.

But on Monday, as lawmakers raced to hammer out an agreement over school funding, state agencies began preparing 31,000 workers to be temporarily out of a job. Republican Gov. Mitch Daniels has warned residents that most of the state’s services — including its parks, the Bureau of Motor Vehicles and state-regulated casinos — would be shuttered unless a budget is passed today.

Indiana is one of five states — along with Arizona, California, Mississippi and Pennsylvania — bracing for possible shutdowns this week as time runs out for lawmakers to close billion-dollar gaps in their fiscal 2010 budgets.

Of the 46 states whose fiscal year ends today, 32 did not have budgets passed and approved by their governors as of Monday afternoon, according to the National Conference of State Legislatures.

Although the majority of those are expected to pass eleventh-hour budgets, the fiscal futures of a handful remain uncertain, said Todd Haggerty, an NCSL research analyst.

“It’s a lot of states that are coming down to the wire,” Haggerty said. “It’s far more than we’ve seen in the past, and it’s because of the state of the economy.”

Read more5 US States Brace For Shutdowns

Ben Bernanke is a Total Failure Unsuited for Role as Fed Chairman

Bernanke is ‘the perfect puppet’ and a ‘total success’ for the elitists … but a total disaster for the people.

Jim Rogers: We are going to have another Depression in the U.S. (Video):
“Mr. Bernanke has never been right. He has been in the government for six or seven years, he has never been right.”

Marc Faber: Bernanke Is An Economic Criminal And In My Opinion He Is A Madman (06/06/09) (Video)

Such ‘competence’ needs to be rewarded by the other perfect puppet:

Obama proposals to greatly increase the power of the Federal Reserve



ben-bernanke

Inquiring minds are reading Bernanke Flubs Tryout, Still Up for Leading Role by Caroline Baum.

Most often I agree with Caroline, but not this time.

After trashing (and rightfully so) Bernanke’s last appearance before Congress, Caroline somehow arrives at the following conclusion.

It would be hard to find someone more suited for the job of Fed chairman than Bernanke. His performance yesterday has nothing to do with his unique qualifications for the position. … Unless President Barack Obama wants a solo pilot, he would do well to tap Bernanke for a second term.

Let’s take a look at the qualifications of which Baum speaks.

Ten Qualifications

1) Bernanke is either a liar or has a memory problem. I believe the former. Either way, there is a problem when a Fed chairman cannot recall a conversation with another Fed governor over something as critical as the Bank of America/Merrill Lynch merger. See Bernanke Suffers From Selective Memory Loss; Paulson Calls Bank of America “Turd in the Punchbowl” for my take.

2) Bernanke claims to be a student of the great depression yet amazingly concludes the cause was misguided Fed policy after the stock market crash. This is nonsense. The cause of the great depression and the cause of the current depression (yes we are in a depression), is the massive expansion of credit and debt fostered by the Fed itself. Bernanke is no student of history, he is a dunce.

3) Bernanke has on many occasions promised transparency. This is an outright lie. There is no transparency and Bloomberg has filed freedom of information lawsuits requesting information that should have been disclosed. Moreover, Congress had to subpoena the Fed in regards to the Bank of America / Merrill Lynch shotgun wedding which is how we know about Bernanke’s selective memory loss. What else is Bernanke hiding?

Read moreBen Bernanke is a Total Failure Unsuited for Role as Fed Chairman

Governor Arnold Schwarzenegger’s Last Stand: His Way or IOUs

California is on track to run out of cash by the end of July.

arnold-schwarzenegger1
Gov. Arnold Schwarzenegger tells reporters that he is resolute about state fiscal reforms. Schwarzenegger’s high-stakes strategy could close the budget abyss or cause a meltdown of state government.
(AP)

Reporting from Sacramento — Gov. Arnold Schwarzenegger, seeking to conquer what could be the last budget crisis of his tenure, is engaged in a high-stakes negotiating strategy with lawmakers that could force him to preside over a meltdown of state government.

As legislators have scrambled to stop the state from postponing payment of its bills and issuing IOUs starting next week, the governor has vowed to veto any measure that fails to close the state’s entire $24-billion deficit.

In doing so, Schwarzenegger has sent the message that he would rather allow the state to begin shutting down than let lawmakers push its troubles off for months by closing only part of the shortfall. The latter prospect could swallow up the rest of his governorship.

“Whatever needs to be done,” Schwarzenegger told reporters outside his Capitol office Friday when asked why he would be willing to delay payments to needy Californians. “I know that there is a history in this building of always being late with the budget, to drag it out and to kick that can down the alley. . . . I don’t think we have this luxury this time.”

Read moreGovernor Arnold Schwarzenegger’s Last Stand: His Way or IOUs

Military coup in Honduras: Protesters demand return of ousted president Manuel Zelaya

Demonstrations in capital after 56-year-old ruler removed from power in military coup


Protesters take to the streets of Tegucigalpa after troops ousted President Manuel Zelaya

Protesters in Honduras yesterday put up roadblocks in the capital, Tegucigalpa, as they demanded the return of the president, Manuel Zelaya, hours after he was ousted in a military coup.

Hundreds of people, some wearing masks and armed with sticks, put up barricades near the presidential palace as governments across the region condemned the first military overthrow in central America since the end of the cold war.

What has so far been a bloodless coup could yet turn lethal.

Shots were fired near the presidential palace last night,but it was unclear who was shooting or whether there were any casualties.

Soldiers seized Zelaya, who was in his pyjamas, early yesterday and took him to neighbouring Costa Rica by plane.

The 56-year-old president, looking dishevelled but calm, said he had been expelled by “rightwing oligarchs” and promised to return to Honduras.

Read moreMilitary coup in Honduras: Protesters demand return of ousted president Manuel Zelaya

What Depleted Uranium Does to Children in Iraq: Japanese Journalist

Don’t tell me how easy it is to shield depleted uranium and how harmless it is:

Inhaled or ingested DU particles are highly toxic, and DU has been classified as an illegal weapon of mass destruction by the United Nations.

Iraq, Gaza, Afghanistan and now also parts of Pakistan are contaminated almost forever:

“More than ten times the amount of radiation released during atmospheric testing [of nuclear bombs] has been released from DU weaponry since 1991,” said Leuren Moret, a U.S. nuclear scientist. “The genetic future of the Iraqi people, for the most part, is destroyed. The environment now is completely radioactive.”

“Because DU has a half-life of 4.5 billion years, the Middle East will, for all practical purposes, be radioactive forever.”

Source: Depleted Uranium Shells Worse Than Nuclear Weapons

Hitler, Stalin and Mao pale compared to this disaster.

Related information:
The Weapon of Mass Destruction Is Cancer
War-related birth defects in Fallujah
IRAQ: ‘Special Weapons’ Have a Fallout on Babies
Cheney can only call Iraq a success if he has a mindset like Hitler
Over 70,000 deaths, and over 1 million disabilities among American soldiers attributed to Iraq Wars says U.S. government data
Beyond Treason (Documentary):

Beyond Treason investigates causes of Gulf War Illness and continuing deaths of gulf war veterans. Beyond Treason outlines: – exposure to depleted uranium munitions used on the battlefield. – chemical and biological exposures. – experimental vaccines given.




There is widespread contamination with cancer-causing depleted uranium munitions in Afghanistan and Iraq causing dramatically rising birth deformities. This video was censored on you tube…Lets see how long it will stay up this time…


Added: June 26, 2009

On the Edge with Max Keiser and Catherine Austin Fitts, former Assistant Secretary of Housing (06/26/09)

1 of 4:

Read moreOn the Edge with Max Keiser and Catherine Austin Fitts, former Assistant Secretary of Housing (06/26/09)