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11.20.09- Risk versus the US dollar
11.19.09- What Has Government
The U.S. dollar has changed from being a paper certificate for a tangible asset to a fiat currency - a paper note declared legal tender. By looking at the history of American paper money one can clearly see the distinction. The following image shows two one-dollar bills from different years . At a glance, the two bills appear similar, but look closely. Read More 11.18.09- Bernanke Digs Up Some Old Words
Yesterday, we had a couple of Fed Heads talking, but the Big Kahuna stood out and moved the markets with his statements... Here’s the skinny... Read More 11.17.09- Bernanke vs. Meredith Whitney
11.16.09- Honest
Money - Part VII: The
Moneychangers - Secrets of the Temple
Nelson Aldrich was financially well off when he left the wholesale grocery business. He then turned his attention to the political arena. Election to the United States Senate quickly followed. Within a few short years, Aldrich became a multi-millionaire of powerful influence. He was the father-in-law of John D. Rockefeller, and his grandson, Nelson Aldrich Rockefeller, later became Vice President of the United States. Read More 11.14.09- Better Late Than Never...
11.13.09- America's Dismal Future
11.12.09- Money, Banking and the Federal Reserve
11.11.09- The Surety Referee
11.10.09- Is Our Whole Banking System Catastrophically Insolvent?
11.09.09- A Group of Satanic Trillionaires have Created the Goldilocks Matrix
11.07.09- Debt and the Economy:
Steve Keen on debt and the economy: How do we pay for all this? Steve is an Australian Economist who knows his stuff and is one that predicted the the crisis. The video talks about the cause of the crisis. View Video
. . . . 11.06.09- End the Fed and Restore the Powers of the 10th Amendment
Silver
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If and when the Federal Reserve moves out of the mortgage backed securities field -a move expected in the first quarter of 2010-, will private investors step in? Well, why should they? What profit can they expect to reap? US housing prices have been kept artificially high for at least the past two years (if not the past 70) by the combination of the Fed's recent $1.25 trillion MBS purchases and the aggressive securitization policies of Fannie Mae, Freddie Mac and the FHA/Ginnie Mae team. 
What a ride so far this week for the currencies! Gold? Well, at one point gold had shot up $24 on the day! It topped out at $1,142... The shiny metal then gave some back on profit taking, but gold holders have got to love it! Those who keep waiting for a pullback. Well, they might still be waiting when the cows come home.
It's hard to keep an open mind when it is closed to anything but academic formulas and Keynesian and Monetarist claptrap that has no real life application.
THE
BATTLE OF SILVER AND GOLD
For two and a half years The
Market Ticker has pointed out the foibles of The Fed and
other claims of "help" for the economy - when the prescription
for "help" is just an extension of the same failed
policies that created the mess in the first place.But now we are starting to
see this show up in the so-called "mainstream media",
with the latest being 
It did not take the Israel Lobby long to make mincemeat out of the Obama administration's "no new settlements" position. Israeli prime minister Netanyahu is bragging about Israel's latest victory over the US government as Israel continues to build illegal settlements on occupied Palestinian land. 
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 Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new 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. 
Our Treasury Secretary Timothy Geithner told us this weekend that global stimulus needs to be in place until a recovery is "assured." This government - which has consistently displayed the foresight and navigation skills of a deaf bat - is now telling us that the wealth redistribution and inflationary policies of the Fed and Administration will be in effect until they have complete confidence this crisis has ended. But exactly who in government will be the arbiter of identifying when a complete recovery has been achieved? Will it be the Federal Reserve, who assured us the sub-prime mortgage crisis was contained? Or will it be the Administration, who assured us the unemployment rate would not rise above 8% in 2009 if the stimulus program was adopted? 
A good friend on mine works for a real estate consulting firm in NYC. One of his deals is evaluating a client's investment in an insolvent commercial property. The deal has $110 million bank loan funded by Bank of America. My friend said the property is worth $30-40 million. What I found interesting, and which confirms that banks are not even close to marking their assets properly, is that my buddy said that B of A is carrying the loan on its books at the full $110 million. 
(Editor's Note: Bob Chapman is one of my favorite pundits. When he gets on a roll, there are not many out there who are as insightful and aware of what's really going on in our country than he is. While terse, his appraisal of our current situation is alarmingly accurate. All I can say is "Okay Bob, now tell us what you really think." - JSB)Our usurping, non-citizen, spendthrift President, together with our corrupt, elitist-bootlicking Congress of money-grabbing Dumbos and Jackasses, are spending us into a multi-trillion dollar hyperinflationary oblivion as their ratings by their constituents drop into the toilet bowl, ratings which are disgracefully the lowest in all of US history. With a diabolical "Robin Hood in Reverse" plan in place since 1913 for the extortion of money from the US middle class to reduce their serfs to poverty and abject slavery, the Illuminati have managed to use the Federal Reserve Act and US income tax, together with the Social Security Ponzi Scheme, phony, orchestrated wars for profit, socialization of bankster-gangster losses, the globalism/free trade/off-shoring/outsourcing/legal-illegal immigration agendas, and a totally bought-and-paid-for President, Congress, judiciary and regulatory agencies, to reduce US citizens to consumerist credit addicts, living pay check to pay check like narcissistic hedonists. 
The elimination of the Federal Reserve System is an essential element in recapturing states’ rights, stemming economic growth for all to benefit (instead of just the elite) and taking away the power of the federal government to print money out of thin air with nothing to back it up.Reclaiming power over an entity that can create money to pay off those who protect it will be fruitless if we can’t take away the federal government’s power to print money on a whim. As long as this continues to happen, the government abuse of power and the treading upon the 10th Amendment rights of the states will continue. 
