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items tagged with bailout

Neither Federal Nor Reserve
Written By: Todd McGreevy
Section: Commentary/Politics

Category: Editorials

2009-02-04 08:03:34

The Federal ReserveFebruary 4, 2009's  cover story - The Future of Money?: With the Economy a Wreck, Alternative Currencies Could Gain Traction - explores local and national currency systems that have emerged as alternatives to Federal Reserve Notes - commonly known as U.S. dollar bills. It is my firm belief that the Federal Reserve system - with its fractional reserve lending, lack of accountability to the people (via Congress) and the market (via price fixing of interest rates) - is going lead to the total devaluation our currency and the destruction of our nation's economy. What will fill that vacuum, without these alternative currencies, is subject for another column.


[June 5, 2009: Since this was published the Federal Reserve Transparency Act of 2009 has been introduced by Congressman Ron Paul and co-sponsored by over 180 House members from both sides of the duopoly, Republicans and Democrats. Even if the bill passes the house it faces a royal battle from the Senate, who is even more so in the pockets of the banksters on Wall Street,with such senate luminaries in finance as Chris Dodd and Chuck Grassely.]


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111th Congress Should Be Complete Overhaul
Written By: Vince Barrett
Section: Commentary/Politics

Category: Editorials

2008-10-22 08:29:34

The crushing lack of leadership, underscored by the absence of even a rudimentary understanding of the factors that contributed to the current economic crisis, begins to unfold in the wake of a demoralizing vote by the U.S. legislature for a $700-billion bailout. The House of Representatives originally voted it down, obviously holding out for earmarks from the Senate. Incredibly, the Senate obliged, attaching an additional $125 billion worth of such bribes to ensure the House majority vote in favor of bailing out Wall Street, and indefinitely indenturing future generations with impossible debt.


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