It's A Ron Paul Nightmare: A World Run By Central Bankers

The Banksters rule the world. Their mission? Impoverish folks everywhere by transferring wealth from the poor and middle class to the rich. Yeah, along the way they tossed a few poisonous entitlement crumbs at the folks who gladly ate the bait and voted away their liberty and prosperity.

Since 2008, the chairman of a nation’s Central Bank has been more important to domestic economic policy than congress or the nation’s president. Congress has basically been replaced by the Treasury. The White House has been replaced by the Fed. Investors are making more of a note of this lately. Elected officials…are disappointing, to put it gently. “If investors could short congress, that would be the biggest play in the market,”...And while Ron Paul has failed to convince the general public that “it’s monetary policy, stupid”, the Texas Congressman said during the primaries in New Hampshire that, “never before has monetary policy been such a central theme on the campaign trail and so important to the nation.” That’s not only true in the U.S., it is also true in China, India, Brazil and all of eurozone, where the European Central Bank and the International Monetary Fund are busy coordinating an international effort with Finance Ministers globally to help protect southern Europe from bankruptcy. People in countries like Greece, Italy and Spain are losing their incomes.

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Forbes

Judy Morris,
Blogger, THL
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Tax Bill Is Beginning of Formal Debt Criminalization

The noose is tightening on liberty. The United States Congress is steadily headed to a place where those who owe money to the US government shall be treated criminally. This phenomenon is advancing domestically and now, increasingly, internationally. The first shot in this latest campaign took place in 2010 when US President Barack Obama signed into law The Foreign Account Tax Compliance Act. It demanded, basically, that foreign banks withhold up to 30 percent of the income that an American abroad might earn. This bill isn't working so well because overseas banks are not cooperating (a state of affairs that was certainly expected). Thus, there is a need for something else: Senate Bill 1813, recently introduced by Senator Barbara Boxer (D-CA). This bill, in part, states that taxpayers with unpaid taxes over US$50,000 may find their passports confiscated. This isn't criminal per se, but the IRS has recently made noises about "sharing" information with police a...

Thomas Sowell Returns

By: Thomas Winslow Hazlett Reason

How To Cripple The Real Estate Market In Five Easy Steps

If the government and the banks had just allowed real estate prices drop to market equilibrium, we'd be out of this mess and housing would truly be affordable. But the government is determined to artificially prop up housing prices, whatever the cost to the economy. If you were head of Central Planning (howdy, Ben!) and were tasked with crippling the real estate market, here's what you would recommend. Choke the market and banking sector with zombie banks... Have the central bank (the Federal Reserve) buy up $1 trillion in toxic, impaired mortgages... Lower the rate that banks can borrow from the Fed to zero, and then pay the banks interest on all funds deposited at the Fed... Try to prop up the housing market by giving poor credit risk buyers loans with only 3% down... Load young people up with the equivalent of a mortgage in student loans... OK,let's see how our Organs of Central Planning are doing: check, check, check, check, check: a perfect score! they're...

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