Paul Craig Roberts
Readers at home and around the world want to know what to make of the announcement that China henceforth will conduct oil purchases and sales in gold-backed Chinese currency.
Is this an attack by Russia and China on the US dollar? Will the dollar weaken and collapse from being discarded as the currency in which oil is transacted? These and other questions are on readers’ minds.
read more at https://www.paulcraigroberts.org/2017/10/16/washington-destroying-american-power/
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Shared on facebook February 19, 2017 over 10.5k views at time of posting (about 5 mins in length)
Statist politicians are too easily convinced of their own brilliance when it comes to “managing the economy”. They don’t seem to realize that the economy is us. The economy is made up of people, and those who would try to manage the economy through government force will always do so by trying to control people. #MakeMarketsFreeAgain
Nick Freitas is a husband, father, veteran, and Delegate for the 30th District of the Virginia House of Delegates. Website: NickJFreitas.com
WASHINGTON, D.C. – On Tuesday, U.S. Senator Rand Paul reintroduced his Federal Reserve Transparency Act, widely known as the “Audit the Fed” bill, to prevent the Federal Reserve from concealing vital information on its operations from Congress. Eight cosponsors joined Senator Paul on the legislation.
Representative Thomas Massie (KY-4) has introduced companion legislation, H.R. 24, in the U.S. House.
On Friday the Republican controlled US House and Senate passed the $1.14 Omnibus Spending Bill that funds government through September 2016. Our benefactors were very generous with OUR provisions. Included in the bill is full funding for Planned Parenthood, resettlement of illegal middle eastern refugees, sanctuary cities, the Green Climate Fund created at the Paris climate conference, additional regulation of water, ozone and power plants. That are just the highlights. There are many other objectionable boondoggles in this bill. This is from our Republican controlled legislative branch. This bill is now headed to Mr. Obama which he will eagerly sign into law.
Peter Schiff talks about what the fed might do and why next week. He covers a bit of history and the nuances of fed manipulation of the marketplace. Here are his links for more information. Be sure to subscribe to his youtube channel if you want to keep in touch with his weekly updates and more.
Watch video here
Several years ago Ron Paul warned us of this matter (link via my good friend J Bradley Jansen and you can see his remarks here: Center for Financial Privacy and Human Rights » Rep. Ron Paul’s Statement on H.R. 1370 Reauthorizing the Export Import Bank (1997). In this report, Ron Paul says, “H.R. 1370, reauthorizing the Export-Import Bank, should be rejected for several reasons. The claim to constitutionality is dubious. The Bank rewards special interest groups with political favors. Reallocating money from the job-producing, productive sectors of the economy to the less efficient sectors distorts credit allocation. Reauthorization of the Bank is both bad economics and bad politics.”
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It is with great sadness and a deep appreciation for the work of Irwin Schiff that I report his passing while in prison.
My condolences to Peter Schiff and family on the loss of his father Irwin. He was a true patriot fighting the tax system and federal overreach for many years.
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