The Fed Unspun: The Other Side of the Story

“Ben Bernake fancies himself as a student of the Great Depression,” says renowned investment broker, global strategist, author, and Austrian economist Peter Schiff, “but… if he were my student he would have gotten an F.”

During a lecture entitled “The Fed Unspun: The Other Side of the Story”, Schiff responded to Bernake’s recent four-part college lecture series, rebutting many of the Federal Reserve Chairman’s claims about the cause of the housing crisis, the role of the Federal Reserve, the value of the gold standard, and more.

Cosponsored by the FreedomWorks Foundation and hosted at Reason Foundation’s DC office, the lecture was followed by a lively Q&A with the assembled audience, including students who attended Bernanke’s George Washington University lectures.

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Velocity of Money (Circulation) Part 2

Uncle Scrooge explains the how money circulates.

Fear op uncertainty slpws circulation and money is not inveted, understand? It’s not thar some have “too much? so that others have less, it’s that if you scare those people that have money, they withdraw it from circulation and those without suffer.

Velocity of Money (Circulation) Part 2, posted with vodpod

PJTV: The Government Caused the Financial Crisis, Not Greed

John Allison, the former CEO of BB&T, tells Glenn Reynolds how the government and the Federal Reserve caused the financial crisis. Why are politicians and academics still adhering to failed Keynesian economics? Is a private banking system based on the gold standard the answer? Find out.

PJTV: The Government Caused the Financial Crisi…, posted with vodpod

Ron Paul And The Judge On Cavuto Talking About Super Congress!

YES WE CAN! REAL HOPE FOR AMERICA! http://campaignforliberty.org

Ron Paul And The Judge On Cavuto Talking About …, posted with vodpod

Ron Paul : We Always Deliver More Authority To The Executive Branch Through Certain Commissions!

YES WE CAN! REAL HOPE FOR AMERICA! http://campaignforliberty.org

Ron Paul : We Always Deliver More Authority To …, posted with vodpod

Disclaimer: I was a canvasser in \his 1988 campaign as the Libertarian Candidate

WALL STREET SHENANIGANS! (Debt Ceiling)

WALL STREET SHENANIGANS! (Debt Ceiling), posted with vodpod

A Balanced Approach?

An allegory on the budget from http://www.powerlineblog.com/

A Balaced Approach?, posted with vodpod

You keep using that word. Or, There You Go Again.

Consumer confidence falls unexpectedly in May

My Grandmother, a feisty old broad, had a saying for this, “Like a cat trying to cover up on linoleum.” Ever seen it? The Lame Stream Media are trying (very), but don’t you agree the word “unexpectedly is just about worn out?

And this is unexpected?
“Consumers are considerably more apprehensive about future business and labor market conditions as well as their income prospects,” said Lynn Franco, director of The Conference Board Consumer Research Center. She said fears over inflation picked up again in May.

There’s that Word Again, posted with vodpod

Economics 101 – Tax Competition – A Powerful Force to Restrain Big Government!

YES WE CAN! REAL HOPE FOR AMERICA! http://campaignforliberty.com

Economics 101 – Tax Competition – A Powerful Fo…, posted with vodpod

A Hole(s)

With the economy sliding deeper into a recession, panelists discuss whether it’s time to stop throwing our money into a massive pit out in the desert.

It would actually help if they did burn it instead of burning through it.. Not to worry, though. The Fed can create much more with just a few keystrokes. And of course the Treasury’s printing presses are running overtime. With enough inflation our debt will disappear, just ask Zimbabwe. They replaced the Rhodesian Dollar (which had a 1:1 exchange rate with US dollars in the mid ’70s, I know, I was there) on a one to one basis in 1980. When they finally got out of the money printing business they were printing Z$100 Trillion bills. On 8 November 2008 one of those bills was “officially” worth $147.50. Note that our debt is all in US dollars, does that give you any ideas? Can we /should we inflate our way out of debt? By the way, now in Zimbabwe they use a “basket of currencies” (sound familiar?) that includes the US dollar, South African Rand, Botswana Pula and the Pound Sterling. I wonder what our “basket” will consist of?

Courtesy of Onion News Network