Posts Tagged ‘Federal Reserve’

Via: CNN:

A growing number of states are seeking shiny new currencies made of silver and gold.

Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.

“In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System … the State’s governmental finances and private economy will be thrown into chaos,” said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year.

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Dees Illustration

Dr. Ron Paul

The Federal Reserve’s interest rate price-setting board, the FOMC, met last week. They will continue to set the federal funds rate at well below 1%, and plan to keep it low until the end of 2014. That’s a year and half longer than they planned when they met just last month. Chairman Bernanke says they are keeping interest rates so low for so long because the economic outlook warrants it.

The fallacies in their reasoning would be amusing if they weren’t so dangerous. The Fed wants to keep the price of money at essentially zero – in other words “free” – to boost the economy. But the boost they are attempting won’t get here for another three years. That’s not a recovery. And we’ve already tried this tactic. That’s how we got into this mess in the first place: with interest rates artificially low for a very long time.

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Infowars.com
January 30, 2012

Alex takes on the full spectrum of attacks facing society. From new wars, a domestic clampdown, the on-going economic crisis and the bombardment of food, water and environment with dangerous chemical compounds, humanity is under attack.

Alex also talks about a proposed New Jersey ban on ammunition, a de facto circumvention of the Bill of Rights’ guarantee to the right to bear arms. The Transportation Security Administration’s (TSA) culture of lying is also in focus, with the recent release of Infowars’ viral video TSA: The Greatest Liars on Earth.

In other news, police fire tear gas and rubber bullets on Occupy Oakland protesters while the former Federal Reserve boss Herman Cain seeks to deliver his Tea Party supporters to the Newt Gingrich presidential campaign. The ACTA bill, like the SOPA and PIPA acts, threaten the future of Internet freedom. This and more, along with your calls.

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