money

Lew Rockwell explains how the Federal Reserve Enables War, Empire, and Destroys the Middle Class

"The accused Federal Reserve bomb plotter's home country wants details on his case. While this may make headlines, we ask Lew Rockwell of the Ludwig Von Mises Institute about one aspect of the Federal Reserve that has not made front page news: how the Fed, with its printing press, may be making war easier. After all, if the people of the United States were asked to write a check every year to the IRS in order to fund the exploding deficits and rising interest payments on the national debt, would they continue to support all these wars? Randolph Bourne may have famously quipped that 'war is the health of the state,' but it isn't the health of the economy, this is for certain." Continue reading →

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Now Mexico Bans Cash Transactions

"Outgoing Mexican President Felipe Calderon has signed into law a ban on large cash transactions. Under the law, a Specialized Unit in Financial Analysis operating within the Attorney General's Office will be created to investigate financial operations 'that are related to resources of unknown origin.' For real estate transactions, cash payments of more than a half million pesos ($38,750) will be forbidden and, for automobiles or items like jewelry, art, and lottery tickets, cash payments of more than 200,000 pesos ($15,500) will be forbidden. The law carries a minimum penalty of five years in prison." Continue reading →

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Jim Rogers on Politics, Money Metals and How to Deal With an Endless Downturn

"Be very careful. Study some history and study some economics and see how these things always play out in the end. Prepare yourself. Make sure you have a professional advisor and you should do okay. Make sure you have investments that will do okay. Move to a new country if you are worried about your own country. I own commodities and currencies. I short stocks. I teach my children Mandarin. Both of my children speak perfect Mandarin. Both English and Mandarin will be important in the 21st century, in my view. We moved to Singapore so my children could learn and speak Mandarin. That's how I'm living my life." Continue reading →

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Read more about the article Analyzing Jamie Dimon’s Bear Stearns “Favor” to the Fed
Freedom Watch

Analyzing Jamie Dimon’s Bear Stearns “Favor” to the Fed

"The $108 million BlackRock contract to trade Maiden Lane was large enough that, had it been designated sole source, it would have to have been approved by the New York Fed's board of directors...which includes Mr. Jamie Dimon. Wouldn't it have been embarrassing to have to disclose that Mr. Dimon voted to approve a dubious no-bid contract to BlackRock to trade the very portfolio of Bear Stearns assets that his firm, JP Morgan, was first in line to absorb any losses? Better for the New York Fed to throw away the file and lie to the GAO (allegedly)." Continue reading →

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The Debt Transfer Game; Slovakia Needs EUR 264M for ESM

"Slovakia has less than 10 days left to find the EUR 264 million as the first two payments to the the European Stability Mechanism, the EU bailout system. Ironic as it is, Slovakia will have to put itself in debt in order to cover its commitment to the EUR 700 billion ESM, which has been set up to deal with debts of countries in trouble, but can now also be used to bail out banks. The government plans to issue government bonds to raise the required finances at a time when it is also trying to reduce the public finance deficit by introducing a whole series of new taxes and levies." Continue reading →

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Switzerland: the world’s gold hub

"Most of the gold produced in the world transits physically through Switzerland. Four of the world’s major refineries of gold are located on Swiss soil. In 2011, over 2,600 metric tons of raw gold were imported into the country, to a total value of SFr96 billion ($103 billion). This was a record, the quantity having more than doubled over the last ten years, not including the gold that transits through Swiss free ports. What keeps the Swiss refineries going at full pace right now is not so much the demand for semi-finished products for jewellery and watchmaking, but the demand for gold bars." Continue reading →

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Presidential Debates: A Question That Will NOT Be Asked

Note: This article was written before the October 3, 2012 Presidential debate in Denver, but my belief that it will remain unasked in the next two debates persists, and the subject, still relevant. This is only one of the questions (I’m fudging…it’s two) I, as a voter would like to have answered in either tonight’s… more

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OccupyLincoln: The 99 Percent, The Proletariat OR The Incoherent?

So Lincoln, Nebraska has a growing tent Shanty Town, occupied by a band of intentionally helpless Lincolnites. Ironically, Shanty Town Lincoln is located squarely on one of the best spots in the City to serve as a symbol of that city government’s, and therefore, elected officials’ and bureaucrats’ mismanagement of taxpayer dollars for a very… more

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