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Gold World Editor Greg McCoach discusses Gold and ETFs, coins and Central Fund of Canada. Beware of gold ETF’s. “They are not back by physical metal. There’s some metal behind it but underlining the whole thing it’s a derivative. It’s basically a tool by the big boys to manage the price of gold and silver. When the garbage hit’s the fan, you’re going to what physical possession of your metal.

Congressman Paul gives his thoughts on the testimony of Paulson and Bernanke, the New International Reserve Currency; the failure of the dollar standard, gold and where the global economy could go from here.

The Congressman discusses the G-20 summit taking place in Washington this weekend that will address the global monetary system. “What’s coming up is the internationalization of a central bank. They would like to come up with one central bank for the world to replace the dollar standard. The dollar standard is coming to an end. The Chinese and even the British now are getting together with the Europeans and saying what we need is new reserve currency….”

Related:
Adirondack Daily Enterprise.com
Top international military officials meet in Adirondacks
POSTED: October 18, 2008
SARANAC LAKE - Powerful generals and admirals from some of the most powerful nations on Earth are reportedly meeting somewhere in the local area this weekend after flying into the Adirondack Regional Airport in Lake Clear on Friday.

Among the passengers of a large Boeing 757 airplane with “United States of America” printed on its fuselage were top members of the U.S. Joint Chiefs of Staff and their counterparts from France, Germany and another country, possibly Great Britain, according to Barry DeFuria, a town of Harrietstown councilman and Airport Committee member who was there when the plane landed. A top military delegation from Italy flew in on a separate Falcon airplane, DeFuria said.

Town Supervisor Larry Miller, also on the Airport Committee, was also there and confirmed which nations’ officials were on which planes, but he said he did not know what kind of officials they were or where they were going from the airport. He said he and DeFuria had to get security clearances to be present and that soldiers were guarding the 757 around the clock at the airport.

The Joint Chiefs of Staff is the leadership council of the U.S. military, comprised of the top general or admiral of each branch of the armed services. Its current chairman is Admiral Michael Mullen.

Also See:
So What Were Top Military Commanders From The US and Europe Doing at the Trudeau Institute?

Dead Scientists DO Tell Tales

Prison Planet
Texas Congressman and 2008 presidential candidate Ron Paul has warned that the euphoria surrounding the election of Barack Obama combined with the overwhelming fear of major international crises could facilitate a cataclysmic shift toward a new world order. Commenting on the much touted “International crisis” that luminaries such as Colin Powell, Joe Biden and Zbigniew Brzezinski have all guaranteed will occur within weeks of Obama entering the White House, the Congressman stated that he believes it may be a catalyst for a shift toward world government:

“I think it’s going to be an announcement of a new monetary order, and they’ll probably make it sound very limited, they’re not going to say this is world government, even though it is if you control the world’s money and you control the military, which they do indirectly.”

“A world central bank, worldwide regulation and world control of the whole system, of all the commodities and all the natural resources, what else can you call it other than world government?”

“Obama wouldn’t be there if he didn’t toe the line, and when the meeting starts on November 15th for the new monetary system, this could be the beginning of the end of what’s left of our national sovereignty.” Paul said, also warning that the global media are already hailing Obama as the world’s leader. More

Peter Schiff: major move coming — Dollar Collapse

Peter Schiff:

“The major move that’s coming with the dollar and gold is way up in gold and way down in the dollar. All the economic growth that we had since the bursting of the tech bubble was phony. All we did is borrow trillions of dollars from the rest of the world, we blew the money on consumption, and now all those Greenspan chickens are coming home to roost….The problem is that we borrowed and spent all that money is the first place and we never would have done it were it not for the most irresponsible monetary policy in US history.

“What’s actually happening right now is the world is basically realigning itself. The global economy has been the function of the world saving and producing the America borrowing and spending, but now we’re too broke to pay back the money; we have nothing to show for all our borrowing because we spent it, and this is causing a lot of angst around the world — when you loan somebody money and they can’t pay you back there’s a problem. But the credit crises is real and it can’t be solved by the government printing money. The credit is gone because the savings is gone. What the market is trying to do is bring about a badly needed recession, trying to get Americans to stop spending and start saving their money again, but the government is resisting it, and the reason the dollar is gonna fall through the floor is because the trillions of dollars the government is trying to create to try and replace all the savings that we don’t have is very negative for the dollar. And once this market noise is over, foreigners are not going to bu our currency, they’re not going to buy our bonds, the only buyers are going to be the FED.”

Rick Santelli, the only guy on CNBC who has any sense of reality and vision responds:

“Peter’s on to something that I really agree with, that the end game here is that all of these countries recycling our dollars back to support our current account deficit, our trade deficit, even our budget deficit, that once the realignment of the euro and the pound is done, they aren’t going to do that, so I agree with him. There’s gotta be a major higher interest rate environment around the globe when they stop supporting each other’s debt habits.”

Ron Paul on Fox Business News 10/10/08

Paul Mulshine
The only politician that I know of on the national scene who is definitely not a socialist is Texas congressman Ron Paul. And look where that got him. During the presidential primary campaign Paul was treated as a laughingstock by his fellow Republicans for such stances as his call for young people to be permitted to opt out of Social Security.

Paul’s having the last laugh these days. As you can see in this clip, the entire U.S. economy is now socialist thanks to the big corporate bailout, says Dr. Paul. And then there is the unpleasant fact that every senior citizen in America is what my Aussie friends used to call “a dole bludger,” someone who takes welfare without working. One such apparent dole bludger held forth at a recent McCain rally in Wisconsin. The old codger worked himself up into a frenzy that even the hot-tempered McCain might envy, screaming “I’m mad, I’m really mad!” and then shouting, “And what’s going to surprise ya, is it’s not the economy, it’s the socialists taking over our country.”

The old coot made it clear that the hated socialists are the Democrats. But assuming he was over 65, which he certainly appeared to be, the guy is receiving the benefit of at least two socialist programs. One, of course, is Social Security. There’s a reason they called it “social” security and not Capitalist Security. It’s a welfare program and the current codgers are getting a free ride paid for by working Americans. True, they paid into it, but anyone who lives a normal life span will get out a lot more than he or she put in. More

Source: American Free Press
The trillion-dollar Wall Street bailout plan negotiated by the White House and Congress has reinvigorated the debate about Texas Republican Rep. Ron Paul’s Federal Reserve Board Abolition Act (HR 2755), which was introduced into Congress in June 2007. In the halls of Congress, legislators have yet to bring Paul’s bill to the floor. It is currently languishing in the House Committee on Financial Services. However, there has been a great deal of discussion about this landmark legislation on the Internet and in the alternative press. Constitution Party presidential candidate Chuck Baldwin has even made abolishing the Fed one of the top planks in his platform.

Paul’s measure, as it is now, would kill the Federal Reserve Act and would then phase out the Federal Reserve one year after the bill becomes law. The Federal Reserve Act, passed by Congress in 1913, laid the foundation for the creation of a privately owned and controlled central bank and gave private bankers the power to control the nation’s money supply. Nearly 100 years later, the role the central bank has played in the financial scandal has been widely reported in the mainstream. Former Federal Reserve chairman Alan Greenspan, once heralded as “the maestro,” has been feeling the heat for supporting the deregulation of financial institutions and flooding markets with cheap dollars.

U.S. News & World Report had a recent commentary titled “From Enron to the Financial Crisis, With Alan Greenspan in Between” excoriating Greenspan, who as the nation’s top banker, repeatedly downplayed the risks associated with derivatives even after the collapse of Enron in 2002. On September 27, The New York Times also hit Greenspan for his failure to watch over and regulate greedy banks. To its credit, the Times also blasted Congress for dismantling important safeguards, including the Glass-Steagall Act, which kept commercial and investment banks at a safe distance.

“Now we know that an entire ‘shadow banking system’ has grown up,” wrote the Times, “without rules or transparency, but with the ability to topple the financial system itself.”

Even the cable news shows are getting in on the game. NBC’s cable news show interviewed well-known investor Jim Rogers, who made a fortune betting on commodities markets.

“How much money does the Federal Reserve have?” asked Rogers. “I know they can run their printing presses forever, but that is not good for the world. Inflation is not good for the world. A collapsing currency is not good for the world. It means worse recession in the end. . . . I would abolish the Federal Reserve.” Neo-conservative talk show host Glenn Beck has also assailed the Federal Reserve for its role in the financial crisis. On September 15, Beck had a lively debate about who exactly owns the Federal Reserve.

“The Federal Reserve has nothing to do with the government,” said Beck. “It’s a separate, global banking system. . . . And when everyone was meeting with our Secretary of Treasury Henry Paulson, I thought to myself: ‘Who the hell is representing us, the American people?”

Ron Paul financial advisor Paul Schiff responded: “The Fed got us into this mess. It drives me crazy to see Alan Greenspan on television talking about this ‘100 year flood,’ like the events that are taking place today are random and have nothing to do with his monetary policy. He blew up the bubble, and now it’s burst.”

Wall Street Journal editorial writer Steven Moore added: “And by the way, who elected Ben Bernanke? Who elected Alan Greenspan?” Now is the time for Americans to fan the flames. Call your congressman and two senators and ask them to support Paul’s bill, which would abolish the Fed. There can be no end to these manufactured financial crises until the government gets rid of the Fed and replaces it with honest, debt-free money.

Max Keiser on current (Laundering) $700 Bn Bailout
Max Keiser: “Remember, these congressmen all are huge stock owners in all these banks and corporations. American congress has been co-opted by the corpocracy in America; I don’t really believe that they are speaking absolutely in the best interest of the American people; they’re speaking in their own self interest. John Kerry and Nancy Pelosi, for example, have huge stock positions in the very companies that are suppose to be subjected to some kind of oversight….” Max says there will be NO election in November. See Video

Ron Paul discusses the credit crisis. He suggests less government spending, balancing the budget and exercising the type of conservative fiscal discipline that Paul Krugman refers to as “Rump Republicanism”.

Ron Paul on the Glenn Beck Show

Ron Paul on the Glenn Beck Show: “What Treasury did and what the FED did is UNconstitutional. The constitution role is for Congress to regulate the money and its value and they’re totally neglectful. They didn’t do anything about this; they’re just sitting on the sidelines, sitting on their hands.”

Ron Paul interview on the 2008 Election from CNN Cable TV

Source: Globalresearch
Rep. Ron Paul (R-Tex.) has warned millions of radio listeners that the United States is heading into an illegal attack on Iran, stating his amazement at members of Congress who have openly voiced support for a criminal nuclear strike. “If we do (attack) it is going to be a disaster,” the congressman told the Alex Jones radio show. “I was astounded to see on one of the networks the other day that the debate was not are we going to attack, but are we going to attack before or after the election?” Paul continued. Paul recently voiced concern over House Congressional Resolution 362 which he has dubbed a “virtual Iran war resolution.” “If that comes up it is demanding that the president [put in place] an absolute blockade of the entire country of Iran, and punish any country or any business group around the world if they trade with Iran,” Paul told listeners. Experts have predicted gas will rise to $6 per gallon if the resolution passes. Paul believes that may happen anyway, just by anticipation. “The frightening thing is they say they are taking no options off the table, even nuclear first strike,” Paul said. Paul believes from talking with his contacts in and around Congress that a strike on Iran has already been green-lighted.

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.

Gawker
Look, it’s Ron Paul! But what is he doing in New York, the fancy magazine for elites, alongside establishment finance types like a former Morgan Stanley economist and a famous investor? Isn’t he sort of “kooky?” Everyone (who didn’t live in a basement or wasn’t a furry) laughed at Paul’s quest for the 2008 Republican presidential nomination, especially since Paul wanted to get rid of the Federal Reserve and take America back to the gold standard, in which money is backed by something other than the worthless promises of filthy bankers and shiftless bureaucrats. But now it looks like the Fed’s board of governors may be leading us into depression, and even that capitalist bible the Wall Street Journal ran an article this weekend speculating that the thinking behind the gold standard, if not the standard itself, “will have its day again.” So Paul’s stock is rising! Let’s hear what terrible things he has to say about our future:

“I think we are maybe 10 percent into this crisis. The economic distortions have been building for longer than we’ve seen in the history of the world. Never have we had such confidence falsely placed in a reserve currency.”

Ha ha, you know what’s funny about that Ron Paul quote? It’s probably the least disturbing one in the entire New York article. The people from inside the financial system sound far more depressing. Here’s the former Morgan Stanley chief economist:

“The American consumer is toast. We’re talking a multiyear adjustment, at least two or three years, maybe more. Does that mean America is over? Does that mean we have a whole new world order? The jury’s out on that.”

If you really want to ruin your Monday, go ahead and click through and read the other two quotes. The short version is that you’ll soon be starving in the street, but in the meantime don’t stop reading, because there’s this new tapas place New York would like to tell you about! More

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

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.”

Infowars—Congressman Ron Paul has warned millions of radio listeners that the US is heading into a deadly confrontation with Iran, revealing his disbelief at members of Congress who have openly voiced support for a pre-emptive nuclear strike on the country. “If we do (attack) it is going to be a disaster,” the Congressman told the Alex Jones show this Thursday. “I was astounded to see on one of the networks the other day that the debate was not are we going to attack? but are we going to attack before or after the election?” Paul continued. The Congressman recently voiced his concern over House Congressional Resolution 362 which he has dubbed a ‘Virtual Iran War Resolution’. “If that comes up it is demanding that the President put on an absolute blockade of the entire country of Iran, and punish any country or any business group around the world if they trade with Iran.” Paul told listeners. More

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.”

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.