Recent Articles
CIA bidding on ad placement on youtube Israel Palestine Gaza conflict videos?
Sep 1, 2009 Israel/Palestine, news, world affairs 2 Comments
It could just be a coincidence, but it may not be – I was watching a video on Youtube the other day, which happened to be some documentary work on the Israel Palestine Gaza conflict, and a CIA recruiting ad is showing. Is this advertising targeted? If so, why are they targeting people watching these videos who most likely disagree with Israel’s mistreatment of Palestinians living in Gaza?
Ben Bernanke re-nominated for Fed chairman; why do Obama and Congress love Bernanke so?
Aug 31, 2009 Peter Schiff, economy, financial, politics 2 Comments
It is official, Obama re-nominated Ben Bernanke for chairman of the federal reserve. Bernanke still has to be confirmed by the Senate, but that is likely to happen. Why? Why do Obama and the Congress love Ben Bernanke so much?
Obama and the Congress love Bernanke because he makes their lives very easy. Obama can’t run his huge deficits without Bernanke. Congress doesn’t have to cut spending with Bernanke. Obama wants desperately to keep Bernanke around in order to run his socialized health care system. All of the deficit spending is possible because unlike Paul Volker, Ben Bernanke is letting Obama and Congress off the hook by monetizing all the debt.
Politicians hated Paul Volker because he raised interest rates to over 20% during his chairmanship. They all wanted him to resign because they could no longer run deficits that they thought they needed to get re-elected. Alan Greenspan, often heralded as the greatest Fed chairman ever, lowered interest rates to 1%, effectively monetizing debt through the expansion of the money supply via wide open credit from the Fed. Ben Bernanke is doing the same thing – delaying the inevitable economic pain and suffering – by lowering interest rates to a staggering all time low of 0%. Of course Obama and the Congress love Bernanke! They can continue to spend, spend, spend, with no short term consequences. The consequences are delayed and transferred to our children, who will inherit the debt and won’t be able to repay it.
See Peter Schiff’s great video below.
Help Peter Schiff raise cash for his Senate run!
Aug 31, 2009 Campaign for Liberty, Peter Schiff, economy, financial, news, politics Leave a comment
Help Peter Schiff raise enough money ($1.5 million) to make a senate run that will give hardcore liberal Christopher Dodd a run for his money in Connecticut. Peter Schiff stands for small government, fiscal responsibility, and he has an extraordinary focus on monetary policy that we desperately need in the US Senate. Check out Peter Schiff for Senate online and if you can, donate to his campaign. Remember, you have nothing to lose by donating to Schiff’s campaign, because if he decides not to make his senate run official, he will refund every dollar he raises. However, we really want him to run, and WIN!
Rand Paul announces his official Senate campaign!
Aug 5, 2009 Campaign for Liberty, Rand Paul, news, politics Leave a comment
Rand Paul officially announces today (August 5th, 2009) that he is officially in the race for the US Senate representing Kentucky. We need Rand Paul and Peter Schiff in the Senate now more than ever. Rand Paul said about his decision, “I think the main thing that motivates me to run for office is the debt fueled by Washington’s out of control spending. I think we’re drowning in a sea of debt, as a country. The deficit this year will be 13% of the GNP. This is a historic high. The danger is going to be inflation within a year or two, and prices may rise rapidly.”
This is a great day for America!
Follow Peter Schiff on Twitter!
Jul 29, 2009 Campaign for Liberty, Peter Schiff, economy, financial, news, politics Leave a comment
Follow Peter Schiff on Twitter, and you won’t regret it, I promise. Not only will you get regular updates on Peter Schiff’s run for the senate and updates on when Peter Schiff is appearing on the news, but you will also get tasty tidbits of economic goodness like these:
“You don’t drive an economy by consuming – the consumer is not the engine, the consumer is the caboose.”
“Minimum Wage Goes up—The only way to increase wages is to increase worker productivity. Wages cannot be raised simply by government mandate.”
“If wages could be raised simply by government mandate, we could set the minimum wage at $100 per hour and solve all problems.”
Great stuff. Follow Peter Schiff on Twitter, and support Peter Schiff for Senate.
Alan Grayson grills Ben Bernanke on Foreign Lending
Jul 22, 2009 Ron Paul, economy, financial, news, politics Leave a comment
Following Ron Paul and Bill Posey grilling Ben Bernanke, Alan Grayson grills Ben Bernanke on lending to foreign central banks. He mentions that before 2007, there had been absolutely no lending to foreign central banks and brings up a great point – whether there is actually a provision in the federal reserve act (which was enacted illegally anyway) that allows this type of lending? He also says, correctly, that the constitution states that “no money shall be drawn from the Treasury but in Consequence of Appropriations made by Law”. Bernanke seems to think that provision doesn’t apply to the Federal Reserve, even though the loans to the foreign central banks are in the form of treasury bills.
Bill Posey questions Ben Bernanke on federal reserve transparency
Jul 22, 2009 Ron Paul, economy, news, politics Leave a comment
During a hearing of the House Financial Services Committee, following Ron Paul, Bill Posey questions Ben Bernanke on inflation and Federal Reserve transparency. My favorite part of this video is when Ben Bernanke says, “because, we have to be extraordinarily careful that the markets and the public don’t think that congress is trying to influence monetary policy decisions”. Bernanke is showing just how scared he is that the fed is soon going to be opened up to a FULL GAO audit as per the language in HR 1207. Why Bernanke feels that the PEOPLE should not be able to influence monetary policy, through their elected representatives, is far beyond me.
Watch and enjoy.
Also watch Ron Paul’s questioning of Ben Bernanke on the same day.
