5 responses to “John Tate on Auditing, then Ending the Fed”

  1. Salena

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  2. red wine

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  4. longshotlouie

    Tired of waving the national security flag, Obama administration lawyers are apparently trying another tactic to get the courts to back Bush administration arguments which never worked to prevent the release of critical documents. Forget Qaeda or North Korea, late night hosts who tell jokes are why the government should retain its secrets.
    http://rawstory.com/08/news/2009/06/19/judge-rejects-argument-cheney-needs-to-be-shielded-from-daily-show/

    Wake Up

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  5. longshotlouie

    Central bankers in Japan are mulling the abolition of cash.

    Richard Jerram, a senior economist with Macquarie bank, told investors that “the proposal has become practical with the broad penetration of electronic money and credit cards in Japan,” reports the Times Online. Bankers claim the scheme will rescue the economy from another deflationary spiral.

    For more than a decade Japan has implemented “quantitative easing” — i.e., printing money out of thin air — as a way to fight deflation. Deflation effects the economy because consumers hold back from purchasing decisions, as they wait for cheaper prices. Economists believe that in Japan’s case nominal interest rates of -4 per cent might be required to “rescue” the economy from deflation.

    In fact, bankers love inflation and that is why they are inventing schemes to combat deflation. “This new law [the Federal Reserve Act] will create inflation whenever the trusts want inflation,” warned congressman Charles Lindbergh in 1913 on the eve of the passage of the Federal Reserve Act.

    The trusts, or the criminal association of bankers, have consistently — and scientifically, as Lindbergh noted — imposed inflation since the Federal Reserve Act breezed through Congress in the dead of the night during Christmas recess in 1913.

    Wake Up

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