By Patrick J. Buchanan "Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." "Lenin was certainly right," John Maynard Keynes continued in his 1919 classic, "The Economic Consequences of the Continue reading...
The Fed Trashes the Dollar
Tuesday - November 16, 2010 at 10:23 pm
By Patrick J. Buchanan If it is the first responsibility of the Federal Reserve to protect the dollars that Americans earn and save, is it not dereliction of duty for the Fed to pursue a policy to bleed value from those dollars? For that is what Chairman Ben Bernanke is up to with his QE2, or "quantitative easing." Translation: The Fed is committed to buy $600 billion in bonds from banks and Continue reading...
Ron Paul’s Hour of Power
Friday - December 11, 2009 at 1:12 am
By Patrick J. Buchanan The decades-long campaign of Ron Paul to have the Government Accountability Office do a full audit of the Federal Reserve now has 313 sponsors in the House. Continue reading...
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