Jane D’Arista: Strong dollar, lower wages and relaxed regulations – Wall Street got what they wanted.
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November 13th, 2009
Jane D’Arista: Banks’ wild speculation led to the crash – it’s happening again. VIDEO: Anatomy of Casino Capitalism Pt.2 November 10th, 2009
By Victoria McGrane – Political.com
The Federal Reserve stands to gain substantial new authority under financial reform legislation, despite increasing skepticism from lawmakers in both parties over the central bank’s unchecked powers over the U.S. economy. November 3rd, 2009
by Kevin G. Hall – McClatchy Newspapers
What they haven’t seen are any Wall Street tycoons forced to swap their multi-million dollar jobs and custom-made suits for dishwashing and prison stripes. There are plenty of civil and class-action lawsuits from aggrieved investors angered by the losses in their mortgage bonds, hedge funds or pensions. Regulators have stepped up their vigilance after the fact. But to date, no captain of finance tied to the crisis has walked the plank. November 2nd, 2009
By Greg Gordon — McClatchy Newspapers When she wrote to [Henry aka Hank] Paulson, lawyers for Goldman denied that it owned the Beckers’ mortgages. So did Germany’s Deutsche Bank, a trustee that was holding thousands of subprime mortgages Goldman had converted to bonds….  Tony and his wife, Celia When California wildfires ruined their jewelry business, Tony Becker and his wife fell months behind on their mortgage payments and experienced firsthand the perils of subprime mortgages. The couple wound up in a desperate, six-year fight to keep their modest, 1,500-square-foot San Jose home, a struggle that pushed them into bankruptcy. October 27th, 2009
By Paul Craig Roberts – VDare.com A narco-state is bad enough. The US surpasses this horror with its financo-state…
One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests. Another conclusive hallmark is rising income inequality as the insiders manipulate economic policy for their enrichment at the expense of everyone else. October 27th, 2009
By Congressman Ron Paul – Texas Straight Talk
October 26th, 2009
We will not back down! Sign the Petition to AUDIT THE FED, and you’ll be kept informed of its progress – including attempts to derail it: www.AuditTheFed.com (a Ron Paul, Campaign for Liberty website) October 26th, 2009
October 21st, 2009
A fantastic interview with Gerald Celente by James Corbett of the Corbett report… The worst is yet to come… The Second American Revolution is brewing… October 21st, 2009
By Paul Craig Roberts — VDare.com
The US has every characteristic of a failed state. The US government’s current operating budget is dependent on foreign financing and money creation. Too politically weak to be able to advance its interests through diplomacy, the US relies on terrorism and military aggression. October 19th, 2009
By Chuck Baldwin – ChuckBaldwinLive.com
More than thirty years as a student of American history, constitutional government, and the Holy Bible leads me to the conviction that the two major political parties in this country (at the national level) are equally culpable in stripping America of its founding principles. In my opinion, both the Democrat and Republican parties in Washington, D.C., have zero fidelity to the U.S. Constitution and zero respect for America’s foundational precepts. October 15th, 2009
By Kathleen Miller – RawStory
In the “Unmask the Fed” campaign, Grayson calls on constituents to sign petitions demanding that Fed Chairman Ben Bernanke “come clean” before senators re-confirm his appointment to the helm of the Federal Reserve. October 13th, 2009
October 5th, 2009
by Andrew Gavin Marshall — Global Research The Bank for International Settlements (BIS) Warns of Future Crises
In light of the ever-present and unyieldingly persistent exclamations of ‘an end’ to the recession, a ‘solution’ to the crisis, and a ‘recovery’ of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was ‘nothing to worry about,’ that ‘the fundamentals are fine,’ and that there was ‘no danger’ of an economic crisis. September 29th, 2009
By Dave Lindorff — Counterpunch
September 23rd, 2009
Paul Craig Roberts – Chronicles Magazine
September 22nd, 2009
By Alister Bull – Reuters
A document outlining the U.S. position ahead of the September 24-25 Group of 20 summit in Pittsburgh said exporters, which include China, Germany and Japan, should consume more, while debtors like the United States ought to boost savings. “The world will face anemic growth if adjustments in one part of the global economy are not matched by offsetting adjustments in other parts,” said the document, which was obtained by Reuters on Monday. |
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Frank’s supporters contend that critics are overblowing the potential for a more powerful, more intrusive Federal Reserve… But Ron Paul himself is not so sanguine. “It’s not finished yet, but they’re getting more powers, and I want them to have less powers,” said Paul. The Fed “gave us the financial crisis, so why give them more power…
More than a year into the gravest financial crisis since the Great Depression, millions of Americans have seen their home values and retirement savings plunge and their jobs evaporate.
Evidence that the US is a failed state is piling up faster than I can record it.
Last week a new bill was introduced in the Senate to audit the Federal Reserve. Some backers of my bill HR1207 and the existing Senate companion bill S.604 were a little miffed at this, but depending on how you think about it, this new legislation poses no great threat to our efforts.
I originally published this column back in January of 2005. Since then (and especially lately), many people have called and written with requests to republish it. So, with a few minor revisions, here it is.
Florida Democrat U.S. Rep. Alan Grayson wants Americans to help him block Congress from confirming the Chairman of the Federal Reserve to his second term unless he hands over documents relating to the bailouts of financial institutions, including the rescue of Bear Stearns.
War is Peace, Freedom is Slavery, Ignorance is Strength, and Debt is Recovery
“The long and the short of it is that we’ve been taken for a very big and costly ride by banks that created a huge crisis and that then got the government to bail them out of it with our money, and by two administrations, one Republican and now one Democratic, that have been submissive and willing servants of the big banks….”
The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice.
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