Fresh Air from WHYY, December 11, 2008 · Bankruptcy and commercial law expert Elizabeth Warren explains how taxpayer money is being spent in the financial bailout program. A professor at Harvard Law School, Warren chairs the oversight panel appointed by Congress to monitor the spending of the $700 billion bailout money. The committee issues its first report on Dec. 10.
Photo: Elizabeth Warren is the author (with her daughter Amelia Warren Tyagi) of All Your Worth. Harvard Law School
Source: NPR
The critically-acclaimed documentary film I.O.U.S.A. was conceived of, co-written and executive produced by Agora Financial’s Addison Wiggin. In July 2008, the film was acquired by The Peter G. Peterson Foundation.
It was featured in a Live Premier with Warren Buffet, Pete Peterson and David Walker in 400 theatres around the nation on August 21st, 2008. If you missed the event, you can read a transcript of the national town hall meeting here.
“From September 30, 2007 to the end of this past fiscal year on September 30, 2008, total federal debt grew by $1.0 trillion, from 9,007,653,372,262.48 to $10,024,724,896,912.49, which is an 11.3% annual rate of growth. The federal debt as of October 16, 2008 is now $10,331,139,000,845.92. So in just 16 days since the end of the last fiscal year, the federal debt has grown by an astounding $331.1 billion, which is a 75.5% annual rate of growth. It has taken just 16 days to borrow one-third of what the government borrowed in all of last year.”– Daily Pfennig
Ron Paul: “We can’t afford to pay all these bills, and if we just pay for these bills by printing money, it will destroy the currency – and that will be a much, much more painful reaction than us just tightening our belts and living within our means.”
Warren Buffett: “I do think that piling up more and more and more external debt and having the rest of the world own more and more of the United States may create real political instability down the line and increase the possibility that demagogues come along and do some very foolish things.”
Resources:
56 Trillion Dollar Deficit
Agora Financial
Bureau of the Public Debt
Debt Numbers Overwhelming
I.O.U.S.A. (Film)
Life and Debt (Film)
Money as Debt (Film)
On Passage of Bailout Bill
Review at NH Film Festival
U.S. National Debt Clock
Source: Ashland Resource Center
New currency being secretly minted at Denver Mint, to replace US Dollar, Canadian Dollar and Mexican Peso in the new NORTH AMERICAN UNION to be established after a phase of martial law after the coming massive Dollar collapse!
Video Source: Disclose.tv
The Bilderberg Meeting is taking place at the Westfields Marriott Hotel, Chantilly, VA, June 6-8, 2008.
Photo: Federal Reserve Board Chairman Ben Bernanke, leaving the Bilderberg Conference.
Source: Cryptome
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Welcome to the Liberty Dollar: Remember when gas was only 25-cents a gallon? You could take a dollar down to the gas station and buy four gallons for a buck! At that time our dollar was backed by REAL money, real silver. Guess what? That same amount of silver still buys four gallons of gas! That just shows that real money like gold and silver holds its value and it is the green paper money that is now worth a lot less. As a matter of fact, when you think about it, you realize that gas, food, and almost everything else has NOT gotten more expensive. It only seems that way because the value of the green paper money is worth less and less and so it takes more and more of it to buy the same goods and services. Most people think prices have gone up, but in reality: it is the value of the US dollar that has actually gone down. Luckily, now there is a simple and profitable solution to the coming inflation – good old-fashioned, REAL money as the Founders intended. Look at these charts by the US government. |
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The national debt has climbed to alarming levels since the Federal Reserve was created in 1913.
Source: U.S. Treasury, Bureau of the Public Debt
As a result, the Federal Reserve Note (US dollar) has lost 96% of its purchasing power since 1913.
Source: U.S. Dept, of Labor, Bureau of Labor Statistics, CPI
The Federal Reserve creates inflation when it issues US dollars backed by government debt. Since 1913, when the Federal Reserve was created by Congress, your money has lost 96% of its purchasing power due to inflation. The more “money” the Federal Reserve creates – the less your Federal Reserve “money” will buy.
From 1913 to 2001 the national debt grew to $6 trillion in 88 years. In the next three years it climbed to $7 trillion dollars in 2004. In just one year it climbed sharply to over $8 trillion dollars. The acceleration of the national debt is alarming. The corresponding loss of your purchasing power may also accelerate in the near future.
Now you can profit from the coming inflation with the inflation proof REAL money – the 100% gold and silver Liberty Dollar.
Hi. My name is Bernard von NotHaus. I was so concerned about what is happening to our “money” that I designed and developed the Liberty Dollar. For 25 years, I was the Mintmaster at the Royal Hawaiian Mint and have devoted my life to the study of money, why it is valuable, and how we use it to fulfill our dreams. Like you, I am paying a lot higher gas prices, but I am also making a lot more money because I am using the Liberty Dollar. Here is what G. Edward Griffin, the noted author on the Federal Reserve said:
On page 573 of “The Creature from Jekyll Island”, I wrote that before we could abandon Federal Reserve Notes, we first had to be able to convert them into real money. I said: “That means we must create an entirely new money supply which is 100% backed by precious metal; and we must do so in a reasonably short period of time.” Well you have to be careful what you recommend, because Bernard von NotHaus did exactly that. And although I initially thought there were too many obstacles, to my surprise, the more I studied the details of his plan, the more convinced I was that by Jove, it just might work! My business, The Reality Zone, is a Liberty Associate, and I urge you to get in on the ground floor and join this growing group of concerned Americans as a Liberty Associate now!
Source: NORFED
Liberty International News 