Click here to read bout the reality of our national debt
Back in February, CNN reported on the growing allure of the “shiny new currencies made of silver and gold” as over a dozen states across the nation contemplated an alternative currency.
Fast forward two months into present day and the South Carolina House has given the go ahead to use gold and silver as real money.
As local and state economies attempt to ward off devastating fiscal disasters amidst the plummeting value of the dollar, lawmakers in states all over the country are considering passing laws that would make gold and silver legal forms of currency.
Last year, Utah led this movement by becoming the very first state in the United States of America to officially legalize silver and gold coins as legal tender.
South Carolina Approves Gold and Silver as Money [continued]
We need to look at the real reason that oil prices are going up. No, it’s not a supply issue. It is also not due to speculators, and for the majority of price increases, it has very little to due with the cost associated with taxes (although that is a real problem we have to fix.) The problem certainly isn’t the treat of Iran and it’s statements about the closing of the Straits of Hormuz.
The problem stems from the Federal Reserve and the creation of fiat currency out of thin air that has caused the price increases of oil. This has slowly happened over the 100 year history of this private banking system that Congress gave power to in managing our monetary policy. Not only have gasoline prices gone down in terms of real money i.e. gold and silver, but everything you buy and sell has as well. The reason you don’t see this is thanks to the flood of dollars being created on a minute by minute basis, thanks to the Federal Reserve. This creates price inflation i.e. …
Federal Reserve A Major Contributor to Current Price Inflation [continued]
The Federal Reserve audited “themselves” and found that they did nothing wrong?
It is time to Audit the Fed!
WASHINGTON (MarketWatch) — The Federal Reserve and its district banks earned the second-highest amount in its history last year as the central bank profited from increasing its balance sheet to boost the U.S. economy.
The Federal Reserve and its district banks said Tuesday that it earned $77.4 billion, down from $81.7 billion in 2010.
The bumper earnings allowed the Fed to distribute $75.4 billion to the U.S. Treasury, also the second-highest level ever. Its balance sheet reached $2.92 trillion in 2011, up from $2.43 trillion in 2010.
The Fed said the earnings were derived primarily from $83.6 billion in interest income on securities acquired through open market operations, from Treasury securities, federal agency and government-sponsored enterprise mortgage-backed securities, and GSE debt securities.
Will the Texas Congressman and Presidential candidate serve his last portion of service in the House, leaving behind the legacy of Auditing the Federal Reserve and sparking the return to Sound Money?
H.R. 459,The Audit the Fed Bill, has now reached 214 Cosponsors in the House of Representatives, only 4 representatives away from a HOUSE MAJORITY, and 21 months away from the 100th anniversary of the Federal Reserve, on which, Dr. Paul has said, should be the day of the introduction of the Repeal The Federal Reserve Act.
The Last and only audit of the Federal Reserve System was a partial audit, and it revealed 16 TRILLION dollars in secret and Unconstitutional loans to corporations, foreign banks, domestic banks, and foreign governments between December 2007 and June 2010. This has been the only audit of any kind of the Federal Reserve, and it was partial.
Is Ron Paul’s legacy the Audit the Fed Bill? [continued]
