Comments on: The Federal Reserve’s Latest Crime Against Humanity

By: BOVARD » “Audit the Fed” Surging - 110+ Co-Sponsors

BOVARD » “Audit the Fed” Surging - 110+ Co-Sponsors — Mon, 04 May 2009 20:41:11 +0000

[...] Paul’s “Audit the Fed” bill now has more than 110 co-sponsors. Paul’s legislation and the widespread support it is garnering is one of the silver linings to the financial [...]

By: Tom Blanton

Tom Blanton — Tue, 24 Mar 2009 02:42:32 +0000

At this point, I am convinced that the whole toxic asset thing is a manufactured crisis and Geithner’s plan is a huge scam. This thing is complicated and needs further elaboration.

But, Geithner’s plan did not escape China’s attention, and perhaps they read Sheldon Richman’s article today at FFF about not buying US debt. The People’s Bank of China wants a new global reserve currency. If this happens, Obama might as well outsource the US Treasury’s operations to Parker Brothers - or maybe we can all just print up our own money at home.

Here’s what the Chinese think:

http://www.pbc.gov.cn/english/detail.asp?col=6500&id=168

By: Dirk W. Sabin

Dirk W. Sabin — Mon, 23 Mar 2009 14:04:23 +0000

Jean, We do, it’s replaced the Separation of Powers in a syndicate we can call the Congexecudiciary whose primary responsibility is planning a trip to Zimbabwe on a “Fact Finding ” mission where notes will be compared against the French Credit Mobilier Affair, the Weimar and the Dutch Bulb Craze to decide how best to paint our little immersion in un-economic Economics with red white and blue highlights so that penury becomes patriotic.

The Digger Shoshone of the Great Basin based their idea of who was wealthiest by who could give the most away but I don’t expect the average American to enjoy a life of chasing Jackrabbits, eating locusts and occasionally serving as target practice by the United States Cavalry.

By: Jean

Jean — Sun, 22 Mar 2009 02:58:23 +0000

I’m so glad that we don’t have a Dept of “Offense” at the Federal level.

By: Dirk W. Sabin

Dirk W. Sabin — Sat, 21 Mar 2009 15:21:12 +0000

There is a sordid irony around the symmetry of $32 million bucks going as bonuses to the employess who have alreasy left AIG and so are not being “incentivized” and the reported $32 BILLION bucks lost down the rathole of Iraq as part of that brown -bag , “Who Wants To Be a Millionaire” phase of the Iraqi fiasco. Seems to me the august members of Congress demanding names and adwesses of AIG Lucre Recipients should provide the names and adwesses of all the various freebooters who have profited in Iraq. Funny, but the current bonus twittering would seem to pale in comparison with a government that is aware, through it’s own accounting departments that the Debt as a percentage of GDP is now skyrocketing to an expected 600% toward the end of this century. Remember that the historic high of this important statistic was 109% during WWII, within a relatively flat trajectory of 30-50 % until 2007.

Needless to say, about 52% of our besotted budget goes to “defense” , debt service and Medicare/Medicaid………..a kind of diminishing returnicentric domination of the Federal Budget.

Certain passages of the Declaration of Independence would appear to be the only fitting reply for the various pronouncements of the Congressional Record these days.

By: alpowolf

alpowolf — Fri, 20 Mar 2009 22:09:52 +0000

Unfortunately the Two Minute Hate against AIG seems to be working pretty well as a distraction…only folks like us are even talking about anything else.

By: Jim

Jim — Thu, 19 Mar 2009 22:37:04 +0000

Hopefully Bernanke can be ‘brought to justice.’

By: W Baker

W Baker — Thu, 19 Mar 2009 15:23:29 +0000

Link to Radio 4 program about Zimbabwe here. I think it’s out of date (thank you BBC and DRM), but it will be replayed at some point. It’s nothing revelatory, just interesting to hear those astronomical numbers.

By: D. Saul Weiner

D. Saul Weiner — Thu, 19 Mar 2009 14:49:12 +0000

Yes, the AIG bonuses are just another exercise in misdirection from the real scandal in that scam that we call government.

Who was the biggest beneficiary from the bailout of AIG? None other than Paulson’s old firm Goldman Sachs.

By: W Baker

W Baker — Thu, 19 Mar 2009 13:10:54 +0000

I was listening to a BBC Radio 4 program a couple of weeks ago where past finance officials from Zimbabwe were being interviewed. The story was that Mugabe and Co. (once the revolutionary Marxist darling of England and Scotland) are profiting immensely from favorable exchange rates while the rest of the country is beginning to use trillion dollar notes for toilet needs!

I don’t think we run any chance of that here, but I do hate to see savings attacked so directly.

It does make you wonder after that disaster of a T-Bill auction this week whether ol’ Bonzo Bernanke is running scared. ‘Hey, nobody showed up to buy our sh*t. Uh, I know, why don’t we just buy it from ourselves.’