Ron Paul's Free-Market Answer to Fraudulent Money

Ron Paul, Upping the Ante in His Campaign for Liberty, Hoists the Flag of Hayek - September 29, 2011 - The New York Sun: www.nysun.com/opinion/ron-paul-upping-the-ante-in-...87502
http://chumly.com/n/c8fd01

Elitists Get Called What They Deserve

The financial Armageddon being brought onto Europe is also coming at us. This Daily Telegraph columnist calls it like it is. We have the political and financial elites to thank for all the trouble we are just experiencing the early innings of.
Peter Oborne 'Idiot' Comments Prompts EU Spokesman To Storm Off Newsnight - YouTube:


http://chumly.com/n/c8cb21

Fed Lending to Foreign Banks

With "Mark to Market" accounting rules suspended so our own banks appear solvent, we continue to bail out the rest of the world with the Dollar that we all use to store our own wealth. This is criminal.
Euro Crisis Makes Fed Lender of Only Resort as Funding Ebbs - Bloomberg: www.bloomberg.com/news/2011-09-28/euro-crisis-make....html

New York Fed researchers said U.S. branches of foreign banks were among the biggest borrowers from the discount window because they lack deposit bases.
http://chumly.com/n/c7f826

Depression Starting to Affect Socialism's Ruling Class

With depression level statistics all around us: virtual soup kitchen lines (food stamp recipients) around 44 million and real unemployment somewhere around 20% (but only some of whom feel the pain due to benefits), thing have been tough for a while, but public employees, part of socialism's ruling class, is finally starting to feel the pinch.
Cities Face More Budget Problems, Report Says - www.nytimes.com: www.nytimes.com/2011/09/27/us/cities-face-more-bud...tha23
http://chumly.com/n/c74c63

Goldman Rules the World

Check out the end of this short, candid interview.
BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World" | ZeroHedge: www.zerohedge.com/news/bbc-speechless-trader-tells...world
http://chumly.com/n/c68d70

Great Article on the Current Financial Chaos

This article was written before the gold and silver smashing of the last several days. Let me just point out the obvious on the gold and silver market action. First of all there was no event in the physical market for the metals that could justify this kind of action, so the price take-down was driven in the paper market. That market dwarfs the real market. It is nothing but paper instruments that are derivatives of the metals. All the concentration is in the derivatives market, and concentration is used to manipulate. Physical demand has been steadily growing at every price level so far, so it really looks like something engineered in the paper market. This is part of a battle to the death for fiat currencies and the parties fighting for survival are big government, big banking, some giant international corporations that need both of the others to remain in business. In other words all the current power brokers are desperately trying to keep everyone else enslaved with their fraudulent currencies, and the grass roots is beginning to rebel.
Financial Warfare | ZeroHedge: www.zerohedge.com/news/financial-warfare
http://chumly.com/n/c549d8

Tax Revolt Starts in Greece

Part of "austerity" for Greece is raising taxes on those already sucked dry. Small business owners have had enough, conversely, those that are sucking them dry will never have enough, just like our own government. Great idea from Greece.
'We Won't Pay': Greece's Middle Class Revolt against Austerity - SPIEGEL ONLINE - News - International: www.spiegel.de/international/europe/0,1518,787847,....html
http://chumly.com/n/c52561

European Overview

This guy does a good job of summarizing the financial dead end that The Euro/Europe is in. Liberalism has no solutions which have not been tried repeatedly, but like good evolutionists, they will keep trying the same things over and over waiting for that punctuated equilibrium to validate their faith in the gods of time and chance. And they are the true intellectuals?
My Blog: kingworldnews.com/kingworldnews/KWN_DailyWeb/Entri....html
http://chumly.com/n/c446bf

Governor's Office Pushing Obamacare

We desperately need a free market in medicine. After winning in Federal court with our challenges to Obamacare, why is Idaho cooperating in its implementation? Why are we not just inviting many more insurance companies to do business here and letting them customize policies in any way their customers want. Let me customize my policy any way I want and only pay for what benefits I want, and I will save some serious money. Give me credit for being responsible for my health and habits, give me credit for preferring natural and less invasive treatments, give me the responsibility for myself back. Give me a list of doctors that charge based on results (doesn't exist now, but it would in a free market). Give me freedom.
Lawmakers schedule meeting to discuss health care exchanges - Eye On Boise - Spokesman.com - Sept. 14, 2011: www.spokesman.com/blogs/boise/2011/sep/14/lawmaker...anges
http://chumly.com/n/c3f7c7

Even WSJ Sees Euro as a Goner

Insolvent banks, impossible debt levels, what does Europe have that we don't?
What Comes After 'Europe'? - WSJ.com: professional.wsj.com/article/SB1000142405311190410...s-wsj
http://chumly.com/n/c30adb

China to 'Liquidate' US Treasuries

China is becoming more open about its intentions to buy our capital assets instead of hold our debt. It is recognizing that our QE programs are defaults on our debt, consider this quote: "The Chinese are clearly vexed with Washington, viewing the Fed's QE as a stealth default on US debt." If they begin to buy capital assets in earnest, and DC and the Fed continue to liquidate the currency, we are indeed setting up the perfect scenario for hyper-inflation. If the world's reservoirs empty of dollars, sending them back to us, and our government continues to print because that is its sole source of adequate funding, if those things continue to accelerate, the dollar will have its perfect storm.
China to 'liquidate' US Treasuries, not dollars – Telegraph Blogs: blogs.telegraph.co.uk/finance/ambroseevans-pritcha...llars
http://chumly.com/n/c12ad9

Swiss Join in Currency "Race to the Bottom"

Worried about being hurt by the unstable Euro, the Swiss devalued the Franc. The game of competitive currency devaluation has become so obvious that the press is actually admitting it might happen, when in reality it has been going on for years. In this "Race of the Lemmings", the Swiss have decided to stop fighting the crowd, and go with the flow instead.
Another Reason to Buy Gold: Franc Losing Safety Status - CNBC: www.cnbc.com/id/44410858
http://chumly.com/n/bc89f5

Forbes Article on Honest Money

The last time the dollar was in this kind of trouble Paulson raised interest rates to 20%. We could not afford to do anything like that today. This article suggests deeper, more fundamental reform for our currency, but doesn't mention why government will fight it tooth and nail. It would spell the end of stealthy wealth transfers, unlimited power to national politicians, international banksters and some multi-national corporations. It is no surprise that the movement has more strength at the state level, rather than with the power brokers in DC.
Fiat Money: The Root Cause of Our Financial Disaster - Ralph Benko - Mises Daily: mises.org/daily/5602/Fiat-Money-The-Root-Cause-of-...aster
http://chumly.com/n/bb8d27

How Socialism Doesn't Work

While capitalism voluntarily rewards those who produce things cheaper and better, socialism rewards the politically connected, and hijacks public funds to do so. It never works out, since what government subsidizes into existence almost always needs continuous subsidy to survive. It is, however, a system which serves the corrupt well.
Breitbart.tv » ‘Green Jobs’ Solar Company Obama Touted Last Year Declares Bankruptcy: www.breitbart.tv/green-jobs-solar-company-obama-to...uptcy
http://chumly.com/n/ba7f80

Some Anti-Gold Propaganda

It is not surprising to see some anti-gold editorials. Gold is both a messenger (which must be killed) and just plain competition for the dollar. With the Dollar and Euro circling the drain all fiat currencies stand discredited. If you can't trust American or European central bankers, are you going to turn to the Chinese? The Russians? No, gold and silver are the only options left on the table world-wide for anyone with a brain. And the "King" of fiat currencies has no cloths, just lots of dirty laundry.
WSJournal, NYTimes commentaries urge: Murder gold | Gold Anti-Trust Action Committee: www.gata.org/node/10364
http://chumly.com/n/ba7f36