Rita Braver interviews Peter Schiff on Charles Osgood’s Sunday Morning.
By. Peter Schiff
This week, with the nation’s financial infrastructure crumbling before our very eyes, the nation’s top two economic policy makers made their way to the Congress for an extraordinary episode of political theater. Fannie Mae and Freddie Mac, the quasi-government entities that form the backbone of America’s gargantuan mortgage market, appeared to be cracking. To the somewhat bewildered members of Congress, Ben Bernanke and Henry Paulson offered radical remedies to save the lenders. Despite the fact that the proposed policies would thoroughly redefine America’s supposedly capitalistic pedigree, the moves were presented as wholly inevitable, and in the end, benevolent and costless. If you are looking for a new chapter in American history, it has just begun. More
Ron Paul talks about Fed chairman Ben Bernanke’s testimony in front of the House Financial Services Committee yesterday. Our economy faces enormous difficulties and one of the biggest culprits is the inflation tax for which the (privately owned) Federal Reserve is largely responsible.
This Dobbs clip discusses the new North American common currency called the “Amero”. The NAU progress report claims everything is ontrack for the Union to go into effect in 2010. Dobbs reports that the North American union will be an Orwellian Brave New World. The fall of dollar will pave the way for the implementation of the Amero, resulting in the loss of sovereignty for three countries, and economic control and enslavement over its populations.
Congressman Ron Paul confronts Federal Reserve Chairman Ben Bernanke on monetary policy and its consequences. 7/16/08
Ron Paul
There are reasons to believe this coming crisis is different and bigger than the world has ever experienced. Instead of using globalism in a positive fashion, it’s been used to globalize all of the mistakes of the politicians, bureaucrats and central bankers. Printing dollars over long periods of time may not immediately push prices up–yet in time it always does. Now we’re seeing catch-up for past inflating of the monetary supply. As bad as it is today with $4 a gallon gasoline, this is just the beginning. It’s a gross distraction to hound away at “drill, drill, drill” as a solution to the dollar crisis and high gasoline prices. Its okay to let the market increase supplies and drill, but that issue is a gross distraction from the sins of deficits and Federal Reserve monetary shenanigans.
This bubble is different and bigger for another reason. The central banks of the world secretly collude to centrally plan the world economy. I’m convinced that agreements among central banks to “monetize” U.S. debt these past 15 years have existed, although secretly and out of the reach of any oversight of anyone–especially the U.S. Congress that doesn’t care, or just flat doesn’t understand. As this “gift” to us comes to an end, our problems worsen. The central banks and the various governments are very powerful, but eventually the markets overwhelm when the people who get stuck holding the bag (of bad dollars) catch on and spend the dollars into the economy with emotional zeal, thus igniting inflationary fever. This time–since there are so many dollars and so many countries involved–the Fed has been able to “paper” over every approaching crisis for the past 15 years, especially with Alan Greenspan as Chairman of the Federal Reserve Board, which has allowed the bubble to become history’s greatest.
The mistakes made with excessive credit at artificially low rates are huge, and the market is demanding a correction. This involves excessive debt, misdirected investments, over-investments, and all the other problems caused by the government when spending the money they should never have had. Foreign militarism, welfare handouts and $80 trillion entitlement promises are all coming to an end. We don’t have the money or the wealth-creating capacity to catch up and care for all the needs that now exist because we rejected the market economy, sound money, self reliance and the principles of liberty. Since the correction of all this misallocation of resources is necessary and must come, one can look for some good that may come as this “Big Event” unfolds. More
In his first book, Confessions of an Economic Hit Man, John Perkins told the story of his work as a highly paid consultant hired to strong-arm leaders into creating policy favorable to the US government and corporations, what he calls the “corporatocracy.” John Perkins says he helped the US cheat poor countries around the globe out of trillions of dollars by lending them more money than they could possibly repay and then taking over their economies. John Perkins has just come out with his second book on this issue. It’s called The Secret History of the American Empire: Economic Hit Men, Jackals and the Truth about Global Corruption.
According to this recent debate in the House, since 1825 there has been three secret sessions. The last one before the one on March 13 took place in 1983.
These audio clips are from a broadcast of the Michael Herzong show and explores what Herzong claims is the true nature of the secret meeting: Martial Law and the imminent collapse of the American economy in late 2008.
Upon activation of the electric shock device, through receipt of an activating signal from the selectively operable remote control means, the passenger wearing that particular bracelet receives the disabling electrical shock from the electric shock device. Accordingly, the passenger becomes incapacitated for a few seconds or perhaps a few minutes, during which time the passenger can be fully subdued and handcuffed, if necessary. Depending on the type of transmission medium used to send the activating signal, other passengers may also become temporarily incapacitated, which is undesirable and unfortunate, but may be unavoidable.
Interview with Dennis Kucinich regarding the Federal Reserve and Impeachment. Kucinich explains his introduction of Articles of Impeachment is in no way symbolic. “George Bush has committed offenses that should cause him to be impeached and removed from office. On the Federal Reserve: “The Federal Reserve is not federal and whatever they have in reserve doesn’t belong to the people.The Federal Reserve is there to protect the position of the banks.”
While working at AT&T headquarters in San Francisco, Mark Klein discovered (and had the courage to speak out about) a secret eavesdropping room that all of the company’s traffic was routed through. With the help of the Electronic Frontier Foundation, Mr. Klein went public back in April 2006, but alleges John Negroponte and Michael Hayden pressured the LA Times to kill the story.
Gore Vidal: …Congress has never been more cowardly, nor more corrupt. All Bush has do is to make sure certain amounts of money go in the direction of certain important congressmen and that’s end of any serious investigation. After all, one of the bravest members of Congress is Denis Kucinich who brought the article of impeachment in to the well of the House of Representatives.
Video: To understand just how gloomy the state of the US economy is, watch this Video of The assistant Treasury Secretary, Phillip Swagel, on the US economy. Try as he might, he cannot hide his fear and gloom.
LATimes
U.S. Treasury Secretary Henry M. Paulson Jr. on Wednesday called for regulatory changes that would allow financial firms to fail without threatening broader market stability. The Treasury chief also proposed steps providing for the president to approve of any use of taxpayer funds to aid a financial company. In a speech in London on Wednesday, Paulson identified a legal gap that leaves unspecified how to deal with failures of companies that don’t take deposits, such as investment banks. Paulson’s proposals aim to tighten supervisors’ oversight of lenders and dealers while at the same time discourage companies from depending on a government rescue if their bets go wrong. His speech comes a week before a congressional hearing to debate a regulatory overhaul in the wake of the credit crisis that caused the near-bankruptcy of Bear Stearns Cos. More
In a special program looking at issues surrounding oil & the economy, trends analyst Gerald Celente appeared for the full show. He was joined by investment adviser Catherine Austin Fitts in the third hour, and oil expert Matt Savinar in the last hour.
The dollar has lost 41% of its value during the Bush administration, and we’re going to see company failures so big they won’t be able to be bailed out, like Bear Stearns, said Celente. He cited the Federal Reserve, which functions as a private company with no congressional oversight, as one of the major problems. Predicting food & gas riots, as well as tax revolts, Celente suggested diversifying your savings among a number of banks, if you have more than $100,000.
Catherine Austin Fitts commented that the demise of Bear Stearns may have been a hit job, “cannibalized” for the good of other finance companies. There is an effort underway to centralize the economy and shift assets away from local communities, she warned. Fitts described these efforts as “economic warfare” being conducted on a global scale that is fostered by technology and “invisible weaponry,” such as satellites. The US economy is purposely being “pumped and dumped,” she noted.
Matt Savinar said global oil supplies have plateaued, and with lessening oil reserves it becomes increasingly expensive to bring up the remaining oil. Prices will continue to skyrocket upwards, he suggested, as we enter the down side of “peak oil.” Tapping unused reserves in the United States and Canada will only postpone the problem for a short time, and the theory of abiotic oil is a kind of misinformation, Savinar argued. The oil crisis is an “economic 9-11,” and we’re going to see a crash worse than the Great Depression, Celente added.
On MSNBC today, New Yorker reporter Seymour Hersh said that Vice President Dick Cheney privately said “we can’t let Israel go” attack Iran because the U.S. would be blamed. Thus, Cheney prefers a U.S. led strike.
Note: Slight delay at beginning of Video.
“Paul Grignon’s animated presentation of “Money as Debt” tells in very simple and effective graphic terms what money is and how it is being created. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.”
This video is an 8 minute synopsis from The Money Masters, How International Bankers Gained Control of America. See the video in its entirety here
THE MONEY MASTERS is an historical documentary that traces the origins of the political power structure that rules our nation and the world today. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth.
With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned “central” bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation, including America, has fallen prey to this cabal of international central bankers.
CONYERS: Could the President order a suspect buried alive?
YOO: Uh, Mr. Chairman, I don’t think I’ve ever given advice that the President could order someone buried alive…
CONYERS: I didn’t ask you if you ever gave him advice. I asked you thought the President could order a suspect buried alive.
YOO: Well Chairman, my view right now is that I don’t think a President — no American President would ever have to order that or feel it necessary to order that.
CONYERS: I think we understand the games that are being played. Source: Think Progress.org
Congressman Ron Paul comments on the Federal Reserve’s decision to maintain interest rates and raises concerns about inflation on June 25, 2008. “If you’re worried about $4/gallon gasoline you better worry about $8/gallon because they’re [the Fed] still inflating…we live in an age that’s very dangerous and it’s coming to an end.”
June 26, 2008, the day we passed the point of no return for the US economy! None of the mainstream news organizations are reporting on this. Do your self a favor and listen up.
The value of the dollar is dropping like a rock. This video shows how prices of everything from gas to milk are affected and what is really happening to the US economy and why this country is in for another Great Depression.
Postmodern Times is a series of short animated films presenting new ideas about global consciousness and techniques for social and ecological transformation. Our first episode, “Toward 2012″, introduces the project, explaining concepts from the best-selling book, “2012: The Return of Quetzalcoatl” (Tarcher/Penguin, 2006) by Daniel Pinchbeck, in the author’s own voice.
On the eve of the invasion of Iraq, 60 percent of Americans were convinced Saddam Hussein was behind 911. Eighty percent of those in favor of the war cited this bit of information as one of the chief reasons why they favored an invasion. This is in large part due to corporate owned media propaganda.
In the world of academia Noam Chomsky is the most cited author alive. He talks to Inside USA about politics in the United States and this Presidential election.
Thinkprogress.org
On Fox News Sunday this morning, Weekly Standard editor Bill Kristol said that President Bush is more likely to attack Iran if he believes Sen. Barack Obama (D-IL) is going to be elected. However, “if the president thought John McCain was going to be the next president, he would think it more appropriate to let the next president make that decision than do it on his way out,” Kristol said, reinforcing the fact that McCain is offering a third Bush term on Iran. “I do wonder with Senator Obama, if President Bush thinks Senator Obama’s going to win, does he somehow think — does he worry that Obama won’t follow through on that policy,” Kristol added. Host Chris Wallace then asked if Kristol was suggesting that Bush might “launch a military strike” before or after the election:
WALLACE: So, you’re suggesting that he might in fact, if Obama’s going to win the election, either before or after the election, launch a military strike?
KRISTOL: I don’t know. I mean, I think he would worry about it. On the other hand, you can’t — it’s hard to make foreign policy based on guesses of election results. I think Israel is worried though. I mean, what is, what signal goes to Ahmadinejad if Obama wins on a platform of unconditional negotiations and with an obvious reluctance to even talk about using military force. More
Ron Paul on emergency funding. Both parties raised military spending. “This whole idea that this spending will go on for ever and ever”, says Paul, “…the president asked for 107 billion for the war and the democrats added 40 billion more. This process can’t continue because it’s going to bankrupt our country.” Well folks, our country is already bankrupt and we’re in for the biggest depression this country has ever seen—food riots and astronomical inflation. Personal savings will be virtually wiped out. The dollar will be worthless.
“I think people are becoming more aware of these guns or butter questions,” said Gary Gillespie, “But when you talk about $720 million a day, even people who work on this issue are shocked by the number and shocked by what could have been done with that money.”
Extended bonus scene from the new documentary ‘Iraq for Sale: The War Profiteers’ Ben Carter, a former Halliburton/KBR water purification specialist, discusses discovering Halliburton was providing dangerously contaminated water to troops, and the serious long-term implications.
After reporting that the McCain campaign held a townhall with Democrats and Independents, Fox’s Shepard Smith admitted that the McCain campaign had done no such thing.
“I reported at the top of this hour that the campaign had told us at fox news that the audience would be made up of Republicans, Democrats, and Independents. We have now received a clarification from the campaign and I feel I should pass it along to you. The McCain Campaign distributed tickets to supporters, mayor Bloomberg, who of course is a registered republican, and other independent groups.”
Rupert Murdoch of News Corp / Fox News Admits Manipulating the News for Agenda - Admits he supported the Bush Agenda in Iraq - He is part of the Bilderberg group.
Scott Ritter discusses the US planned attack on Iran. “The Bush Administration has built a new generation of nuclear weapons that we call “usable nukes”, and they have a nuclear posture now which permits the preemptive use of nuclear weapons in a non-nuclear environment if the Commander in Chief deems US forces to be at significant risk.
If we start bombing Iran the Iranians will respond and we will feel the pain instantaneously which will prompt the Bush Administration to move to phase two, which will have to be boots on the ground. And we will put boots on the ground…in an effort to push the regime over, and when they don’t push over, we now have 40,000 troops trapped.
We have now reached the definition of significant numbers of troops in harms way, and there’s no reserve to pull them out. We [may] use nuclear weapons to brake the backbone of Iranian resistance and it may not work, but what it will do is this: it will unleash the nuclear genie, and so for all those Americans out there that say taking on Iran is a good thing…if we take on Iran we’re going to use nuclear weapons, and if we use nuclear weapons the genie ain’t going back in the bottle until an American city is taken out by an Islamic weapon in retaliation, so…pick your city!”
