Tuesday, October 27, 2009

Latest News I am following today 10/27/09 Part 3

Please read my introduction for this series here!

Capitalism,Socialism or Fascism? (p.s. Comment I say Fascism!)

See also

President Obama called Rep. Alan Grayson (D-FL) an "outstanding" member of Congress at a fundraiser Monday night. Grayson recently called a Fed aide a "K Street whore."

Green world government

Anything Less Than Full Disclosure is Unacceptable

Ron Paul

Federal Reserve Socialism

Gold in the Early Stages of Breaking Out in Multiple Currencies

Federal Reserve Power


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.

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.

Check back I will be adding to this!

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