Ron Paul on the ‘One-Party’ System

The illusion of choice continues to be exposed, although one wonders if the public is either too hypnotized or too apathetic to recognize what’s really happening.  Jimmy Rogers had earlier inferred on CNBC that neither Obama nor Romney understood enough about economics to make appropriate comments on policy.

Ron Paul then notes that the established banking powers, i.e. the Fed, will be equally served by either the Republican or the Democrat… “they both know how to play the game and they represent a one-party system.”  This system depends on the Fed to keep printing money for bail-outs and government spending. [Under such a system, isn’t it obvious that the real power does not reside in the White House?]  Furthermore, Paul states, “I’ve been in this business for a long time and believe me, there is essentially no difference from one administration to another, no matter what the platform.”

Approaching the Fiscal Cliff

The US is coming up fast on the so-called Fiscal Cliff, but neither of the two political parties’ candidates are openly discussing the potential economic calamity or any remedies to overcome any resultant disaster.  On this CNBC interview, Lloyd Blankfein, CEO of Goldman Sachs, Alan Simpson & Erskine Bowles of the Deficit Commission discuss the reasons why so many major corporations are holding their cash at this uncertain juncture.

Total Destruction of the Economy

G. Edward Griffin, author of The Creature from Jekyll Island, explains how the Federal Reserve’s main goal is to support the banks – that’s it. The Fed creates money from nothing and gives it to the banks to keep their operations going.  All their actions benefit the banks, and screw the rest of us.

It was fun getting screwed for a while – while we didn’t even know what was happening.  Up until now, the US and most of the western world has benefited greatly from this system. We’ve been living the dream. It was the best kind of dream – a wet dream.  It’s time to wake up and see the mess we’ve made.

The Fed is Possibly Even More Sinister Than We Think

There’s been much discussion on the Fed’s newest monetary easing policy. The markets received their much anticipated stimulus and are reacting positively (for now).  But as previous posts have indicated, the Fed’s stated objectives and motives are questionable at best.  For a few steps further down the rabbit hole, here’s a must-see video from CrisisHQ

“If you want to understand what’s happening in the Mideast, particularly in Libya, Syria and Iran, you must first understand the main driving force behind U.S. foreign policy. Contrary to mainstream media propaganda, it is not our desire to spread democracy or to prevent tyrannical despots from murdering their own citizens. The real agenda is to protect the Petrodollar system, because it is the only thing that is currently preventing the total collapse of our fiat currency.


For more information on the Petro-Dollar, please see our research article: Root Cause: The Petro Dollar.

Ron Paul on the Fed’s Decision Today

Today the Federal Reserve gave the markets exactly what they had been expecting – more money printed out of thin air to purchase US debt (US Treasury and Mortgage Backed Securities).

  • Fed to buy $40 Billion in MBS per month
  • Fed to continue Operation Twist
  • Fed expects interest rates to remain at low levels until at least 2015
  • Fed gives no time limit on this easing policy, but will continue indefinitely

Read the complete Fed press release and see the full recording of Ben Bernanke’s press conference. Bloomberg’s wide array of commentators on today’s Fed decision included Ron Paul, who explains how all this money printing is destroying the value of the US dollar.




G. Edward Griffin: The Federal Reserve is a Cartel

Eighteen years ago, G. Edward Griffin wrote The Creature from Jekyll Island and exposed the Federal Reserve’s true nature.  Since that initial writing, the knowledge of the fact that the Fed is not a government institution, but a privately owned central banking cartel has expanded in public awareness. In this remarkably lucid interview with Casey Research’s Louis James, Griffin discusses:

  • The growing size of government
  • The decline of the purchasing power of the US dollar
  • The two-party political system is really a cover for a one-party system
  • The realistic expectations of public awakening prior to a collapse
  • The Fed is a cartel. Furthermore, it’s a partnership between the bankers and politicians
  • Why we have not seen hyperinflation (yet)
  • The system has changed from a free enterprise, competitive system to a politically connected, non-productive system, which will inevitably lead to totalitarianism
  • The possibilities for America to reverse course and avoid catastrophe

We’ve Entered a Phase of Exponential Criminality and Corruption

An obvious change has come about in the Western world. Zero Hedge points out what should soon be obvious to any casual observer – that corruption now rules the minds of men in power.  The example given is the fact that John Corzine will not be facing charges for his company’s billion dollar theft of client funds, while Julian Assange is wanted for his honorable attempts to expose the hypocrisy and deceit practiced by those in power.

Julian Assange and John Corzine

Steps should be taken to protect yourself and your hard-earned wealth from being taken over by over-zealous policies of those in power and the governments which they control. Please see our Protect Your Assets series for ways to preserve your freedom.

Nixon Shocked the Global Currency Markets

On this day, 41 years ago, Nixon shocked the world by removing gold convertibility for foreign holders of US dollars – it would be the end of the agreement made at  Bretton Woods, where it was decided that the US dollar would be pegged to gold and all other currencies would be pegged to the US dollar.  The message was so important that Nixon’s administration decided to preempt the most popular TV series, Bonanza, on Sunday evening prior to the markets opening on Monday.

What’s most aggravating is Nixon’s claim that he must save the dollar from the evil speculators trying to destroy the dollar – something we hear so much, even from modern day politicians.  Never do these con men ever mention that there wouldn’t be anything to speculate on if those in charge of the monetary system were honest and abstained from their blatant money-printing, inflationary policies.

Capitalism, Bail-Outs & Free Markets

A lot of the people within the “99%” recognize that something’s wrong with today’s economy.  But pin-pointing exactly what the causes of the problems have been is a bit more challenging. As a result, many find premature targets for their demonstrations.  Before casting blame for the ills of society, it’s important to educate one’s self on basic terms, such as capitalism and free markets and how government intervention and bail-outs corrupt the underlying institutions by rewarding a few elites at the expense of the consumer majority.  The following (short) video explains, in simple terms with real examples, why being pro-business is not the same thing as being a supporter of free markets.

Ponzi Economics

Casey Research provides a lucid interview with David Stockman, former Reagan administration budget director and author of The Triumph of Crony Capitalism.  Stockman explains that in today’s economy, companies are reporting profits today that are “based on a debt-bloated economy that isn’t sustainable.”  Furthermore, “This market isn’t real. … the 2% on the 10 year, 90 basis points on the 5 year, 30 basis points on the 1 year – those are medicated, pegged rates created by the Fed, and which fast money traders trade against as long as they’re confident the Fed can keep the whole market rigged. Nobody in their right mind wants to own the ten year bond at a 2% interest rate, but they’re doing it because they can borrow overnight money for free … put it on Repo, collect 190 basis points on the spread and laugh all the way to the bank.”

“The Fed has destroyed the money market, it’s destroyed the capital markets.  They have something you can see on a screen called an interest rate – that isn’t a market price of money…. that is an administered price that the Fed has set and that every trader watches by the minute to make sure that he’s still in a positive spread. … You can’t have capitalism if the capital markets are dead, if the capital markets are simply a branch office (a branch casino) of the central bank and that’s essentially what we have today.”

The 12 members of the FOMC are the western world’s Monetary Politbureau – “monetary central planners who are attempting to use the crude instrument of interest rate pegging and yield curve manipulation and essentially buying debt that no one else would buy in order to keep this whole system afloat. It’s Ponzi Economics!!