Economy

December 17, 2008

December 12, 2008

  • When's a Ponzi Scheme Illegal?

    I was overcome with mixed emotions when I heard Bernard Madoff, former Nasdaq Stock Market chairman and founder of Bernard L. (…)

December 11, 2008

  • Another Lesson about the Economy

    Printing Money Only Prolongs The Pain
    Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain. (…)

November 29, 2008

  • Secret Plans To Create International Central Bank

    Texas Congressman Ron Paul has warned that international forces are planning the creation of a global central bank that will see a new fiat monetary system come to dominate the world economy. (…)

November 16, 2008

  • Hopes for the Future

    With the election behind us, our country turns hopeful eyes to the future. I have a few hopes of my own.
    I congratulate our first African-American president-elect. Martin Luther King, Jr. (…)

November 9, 2008

  • U.S. Automakers Seek Bailout

    Democratic congressional leaders are urging Treasury Secretary Henry Paulson to use the $700 billion financial-rescue package approved last month to lend to U.S. automakers. (…)

November 3, 2008

  • Spending the Economy into Oblivion

    With news this week that Congress is poised to consider a new stimulus package, I am forced to again ask a question that seems silly in Washington: How will we pay for this? (…)

October 23, 2008

  • The ABCs of Paulson’s Bailout

    Here's another powerful article I found on InfoWars.com written by Michael Hudson that explains what is going on with our economic crisis. (…)

October 22, 2008

  • New Era of Tax Payer Slavery

    Dr. Paul hits the mark again with this article posted on Infowars Oct. 21, 2008. I still wonder why we're not locking up some of these criminals instead of bailing them out. (…)

October 8, 2008

  • The Good News About the Bailout

    We just had a $700 billion bailout bill that was signed into law and done in defiance of the American people at large. (…)

October 3, 2008

  • Dr. Paul's Statement on the Passage of the Bailout

    United States House of Representatives
    Statement on HR 1424
    October 3, 2008
    Madame Speaker, only in Washington could a bill demonstrably worse than its predecessor be brought back for another vote and actually expect to gain votes. (…)

September 25, 2008

  • My Answer to the President

    Dear Friends:
    The financial meltdown the economists of the Austrian School predicted has arrived. (…)

September 21, 2008

  • Economic Meltdown Not a Surprise for Everyone

    Peter Schiff predicted the meltdown of our economy on this Aug. 28, 2006 Kudlow & Company program. He describes with uncanny accuracy exactly what we are experiencing today. (…)

September 18, 2008

September 6, 2008

  • Government take over of Fannie Mae, Freddie Mac

    In a move that could cost taxpayers billions, the Associated Press is reporting the government is expected to take over Fannie Mae and Freddie Mac in a effort designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt. (…)

August 26, 2008

  • It's not a Bubble, It's a Pyramid Scheme

    Bailing out financial institutions, homebuilders, and homeowners with taxpayer guarantees
    Exchanging liquid treasury paper for unmarketable mortgage debt
    Witholding information about the unmarketable debt from taxpayers
    Forcing taxpayers to pay for losses on the unmarketable debt
    Failing to hold accountable those who committed fraud

    While most taxpayers lived within their means, a small minority managed to put the US financial system into a perpetual state of near meltdown. (…)

August 10, 2008

July 31, 2008

July 28, 2008

July 25, 2008

  • Corporate Welfare Housing Bailout Bill Passes

    Congress passed a housing bailout bill by a vote of 272 to 152 that, according to the corporate bought media, is a “sweeping measure” that will “stave off foreclosure for 400,000 or more homeowners,” and allow the Treasury to “bolster confidence in Fannie and Freddie” by allowing the government to “temporarily increase its lending” and “buy their stock.”
    Sounds pretty good, doesn't it? (…)