END the FED

Cognitive Dissonance of Ben Bernanke?

"The aggrandizement of 'leaders' who preside over massive price-fixing facilities such as central banks and legislatures ought to be identified as the hype that it is. There is no possible way that even the most sophisticated analysis of previous indicators can yield up legitimate and accurate projections. Those internationalists who have constructed the current system know that. Hence, the almost obsessive concentration on academic degrees and 'expert' appellations. The idea is to fool people into believing the 'best-of-the-best' have 'expert' powers that allow them to peer into the future using the indicators at hand. But they can't any more than you can." Continue reading →

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Being an Austrian Is Easier Than Ever

"In April 2011, two years shy of its 100th birthday, the Fed held its first press conference in history in response to mounting criticism of its lack of transparency. In other words, the Fed felt that it had to walk out into the sunshine and defend itself. And, as no doubt part of the same public relations effort, recent Fed publications reveal a concerted effort to perpetuate the myth that the Federal Reserve System is not a central bank at all, but a system of banks that serve 'our local communities.' What’s different this time is that, with the help of the web, Ron Paul’s 2012 campaign, and of course, the Mises Institute, the Austrian School of economics is no longer an obscure and ignored minority." Continue reading →

Continue ReadingBeing an Austrian Is Easier Than Ever

China Bitcoin Crackdown Intensifies

"The People's Bank of China has issued a new ban on third-party payment processors from doing business with Bitcoin exchanges. Bitcoin prices on the yuan-traded BTC China exchange are down 34% on the news, and prices on the USD-traded Mt. Gox exchange were flirting with $700 all night. Mt. Gox prices were off 19% on the day. The latest ban is a a separate regulation from the People's Bank of China's Dec. 5 ruling barring formal financial institutions from processing Bitcoin. Rui Ma, a China-based angel investor, commented that if the crackdown continues, Chinese may only be able to purchase Bitcoins via miners or other traders." Continue reading →

Continue ReadingChina Bitcoin Crackdown Intensifies

Who’s Afraid of Bitcoin? These Countries

"Governments do hold some force over the decentralized cryptocurrency, insofar as they wield control over the banks, which in turn can either stand in the way of Bitcoins beginning to circulate through the market or help open the floodgates. But the way some financial regulators see it, the risk of mass adoption is still too high; no one’s sure the bubble isn’t about to burst. Here’s a glance at the nations who have piped up about Bitcoin so far, and where they come down on the futurist money." Continue reading →

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China Bans Payment Companies Working With Bitcoin Exchanges?

"Sources close to China’s Central Bank today reported that the institution has banned third-party payment companies from doing business with bitcoin exchanges. A reputable source told CoinDesk that the People’s Bank of China (PBOC) met with most of the top third-party payment companies this morning. The source said the meeting topic was unrelated to bitcoin, but digital currency became an important part of the discussion. 'PBOC, in no uncertain terms, directed third-party payment companies not to do business with bitcoin exchanges in China,' they explained." Continue reading →

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Ron Paul: After 100 Years Of Failure, It’s Time To End The Fed

"A week from now, the Federal Reserve System will celebrate the 100th anniversary of its founding. Resulting from secret negotiations between bankers and politicians at Jekyll Island, the Fed's creation established a banking cartel and a board of government overseers that has grown ever stronger through the years. One would think this anniversary would elicit some sort of public recognition of the Fed's growth from a quasi-agent of the Treasury Department intended to provide an elastic currency, to a de facto independent institution that has taken complete control of the economy through its central monetary planning." Continue reading →

Continue ReadingRon Paul: After 100 Years Of Failure, It’s Time To End The Fed

Dark money: only 35 Bitcoin dealers are compliant with US law

"In the US, the virtual currency is subject to money transmitter laws at the federal level and in 47 states. The rules are not always clear, however, because they are written for money transmission services, not virtual currencies. The regulations are also in flux. New York is considering a special 'BitLicense' for virtual currency firms, for example. As a result, many Bitcoin companies have not registered at either the state or federal level. Only 35 Bitcoin companies have registered with FinCEN, the bureau of the US Treasury Department that has taken the lead on Bitcoin regulation, and the agency has reached out to several dozen more that it believes need to register." Continue reading →

Continue ReadingDark money: only 35 Bitcoin dealers are compliant with US law

G. Edward Griffin on Globalism, Collectivism and the ‘Right Principles’

"I think the most important thing we can do today is to recognize that our opponents are not evil because of their political party affiliation. They're not our opponents because they're evil or because they have this, that or the other thing. It's because they have an ideal, a philosophy that they're following. People mistakenly often just attack them because of the party labels – 'Get rid of him. He's a Democrat!' or 'He's a Republican. Get rid of him!' Who's going to replace him? Somebody just exactly the same, with the same mindset. So it does no good to focus on personalities and names. We have to rise above that and focus on the ideas these individuals are pursuing." Continue reading →

Continue ReadingG. Edward Griffin on Globalism, Collectivism and the ‘Right Principles’