Many interesting stories to start the morning with this is for the many readers who requested a way to see the stories I am reading about in case you are new to my blog but make sure to check back in a few hours I am waiting for a breaking story that is supposed to be finished today!
Federal Reserve Socialism
Electric-Car Companies Grab U.S. Cash to Blunt Risks
Former Chairman of Citigroup: Restore Glass-Steagall
THE FEDERAL RESERVE SYSTEM REPAYS THE TREASURY MOST OF THE INTEREST IT COLLECTS FROM THE TREASURY
Gary North / LewRockwell.com
Most critics of the Federal Reserve believe that the central bank earns enormous profits as a result of its legal authority to create money. I have tried to correct this misconception for almost 40 years. I keep trying. The Federal Reserve System does create money to buy U.S. Treasury debt. The Treasury does pay interest to the Federal Reserve on this debt. But the FED does not keep most of this money. It repays the Treasury, after deducting operating expenses: a few billion dollars per year. In 2008, this was a little over $4 billion, or 13% of revenues.
Crude nears $80 and gasoline rises for third week (Downward spiral continues)
Audit the Fed: Full disclosure or nothing
Waiting For China To Pull The Peg
Signing away sovereignty (A Must Read)
Americans concerned about the decline of American power under the presidency of Barack Obama should turn their radar on and keep it on. We should be aware that Obama intends to roll out for Senate approval a series of international treaties that will further bind America to the will of the international community if they are ratified.
Bit by bit, America's autonomous power is being taken away. The Boston Globe provides a public relations gloss by calling these treaties a means of fulfilling "Obama's vision of global cooperation." This is one view, I suppose. Another view would be that our policies will be tied down by these treaties -- and we will be judged by international bureaucrats and held to their interpretation of what our obligations are under the treaties.
Bryan Bender in the Boston Globe:
Gun control treaties, perhaps under the guise of small arms trade treaties, will certainly be in Obama's queue.
Once in place, treaties will lock America in. They are rarely broken, and countries, including America, rarely withdraw from them. Even if America later were able to withdraw from treaties, permanent harm already will have occurred.
Wall St-Still Gambling on the American Ankle Grabbers Dime
Deal-Breaker for Climate-Change Treaty May Be U.S.
Sibel Edmonds new site
From US Bank Failures to Civil Unrest: How Soon? How Bad?
OBAMA WHITE HOUSE UNRAVELS IN FACE OF DEPRESSION REALITY
Senate Close to Deal Replacing Homebuyer Tax Credit