Share
“Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country?… [Is there not] cause to tremble for the purity of our elections in peace and for the independence of our country in war?… Controlling our currency, receiving our public monies, [...]
Tag Archives: federal reserve
The Imminent Failure of Funny Money
China Devalues US Treasury Bonds
Share
If one owes a bank a thousand dollars, he has a problem. But if one owes a bank a billion dollars, then the bank has the problem. From the four years I spent in China, I assure you this truism is not lost on the Chinese, though one must never forget the banks’ [...]
Toward a New Monetary Order by Thorsten Polleit
Share
“The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built. It rests with men whether they will make the proper use of the rich treasure with [...]
Fractional Reserve Banking is Dead (Part 2/2)
Share
Since the 1990s, the FED has change accounting rules so even the loose ~10% fractional reserve requirement could be thwarted. We live in an era of paper tickets.
In Part 1, Fractional Reserve Banking in Pictures, we saw how the banking system creates fraudulent money by creating new money on top of old. The reserve requirement [...]
Fractional Reserve Banking in Pictures (Part 1/2)
Share
“The few who understand the system, will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class. The great body of people, mentally incapable of comprehending the tremendous advantages, will bear its burden without complaint.”
- Lord Rothschild, European central banker
The below slides [...]
Who Supports Bailouts? Jake Towne, Charlie Dent, or John Callahan?
Share
John Callahan, the Democrat challenger in my race, recently targeted the incumbent Republican, Charlie Dent, for his vote to pass the TARP Banker Bailout in 2008. Amusingly, Callahan – along with the rest of the Establishment’s career politicians at the time – stated he would have voted FOR the Banker Bailout himself per this [...]
Lessons from Greece
Share
Below is the rough transcript of some remarks I made at the campaign’s successful fun-raiser at the American Sandwich Company in Coopersburg on June 6, the 66th anniversary of D-Day. More details on the fundraiser in tomorrow’s post. The event began with a moment of silence for veterans, especially the 5,490 soldiers who have died [...]
Recent Comments