The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Economist Dean Baker Defends Central Banking, If Not The Federal Reserve

by Smitty Thie is Dean Baker on 03 February at Empire Unplugged. From Wikipedia: Dean Baker (b. July 13, 1958) is an American macroeconomist and co-founder of the Center for Economic and Policy Research, with Mark Weisbrot. He previously was a senior economist at the Economic Policy Institute and an assistant professor of economics at [...]

Meanwhile, Down At The Intersection Of Orwell And Kabuki. . .

by Smitty Last night I went to a new ‘salon’ (I think it may be a snooty bar or something) called Empire Unplugged, for their inaugural talking head fest on the Federal Reserve. The video is kind of lousy, and still pulling in to Final Cut Pro X for what I hope will be a [...]

I’m 9.5 On Julie Borowski’s 10 Reasons To End The Fed

by Smitty I don’t fully agree with #8, “The Federal Reserve is Unconstitutional”. The Federal Reserve Act followed the usual course of legislation, and was signed into law by Woodrow “Effing” Wilson. In my opinion, the Federal Reserve urinates all over the spirit of the Constitution, for reasons Julie well and truly elaborates. However, just [...]

‘BumBumBum’ Drumbeat: End The Fed

by Smitty Freedom Works has a great piece on what is among the most crucial issues of our day: Ending the Fed. Couple of quick points, emphasis mine, Fed Chairman Ben Bernanke is desperate to protect his privileged secrecy. Bloomberg writes that he “argued that revealing borrower details would create a stigma — investors and [...]

What Other Alternatives Exist For Getting Off Of Fiat Money?

by Smitty Ron Paul on money sounds so lucid: You know your current course is financially suicidal. Those who say otherwise are the ones who are culpable for the current mess. So, if not Ron Paul’s ideas, and not the status quo, then what? via Tyler Durden

Next Month: Bernanke Forms Monetary Insolvency Life-support Fund (MILF).
Ron Paul’s Jaw Injured By Floor Impact

by Smitty The actual title of the notional organization, mentioned at The Enterprise Blog is Global Liquidity Facility (GLF). And with the European Central Bank about to reprise the role of the Fed in the 1930s, economic analyst Ed Yardeni thinks Bernanke may well ride to the rescue of the eurozone and the global economy: [...]

I Do Not Have A Federal Reserve Alter Ego

by Smitty Just want to make that perfectly clear. Also, I am not a US Representative from New Jersey. As for what’s driving teen unemployment, I think that an economy parked in the toilet bowl is the main culprit. via Marginal Revolution

Shock And XAU

by Smitty (via Galt’s Girl) It isn’t clear whether this will be more than a promotional stunt: However, the Swiss Stock Exchange has not been deterred from new involvement with the yellow metal. Together with Scoach Switzerland, the stock exchange for structured products, the management has the plan to introduce the listing and trading of [...]

Games As A Teaching Opportunity

by Smitty (via Paceset999) At the Chicago Toy and Game Fair: This year we picked up the new version of the old classic, Monopoly.  It’s pretty cool how the board is now round, they have replaced all the paper money (remember the pink 500’s?) with credit cards, the properties are (terribly realistically) priced in the [...]

Least Shocking 1.2 Teravolt Discharge Ever: The Federal Reserve Is A Conspiracy Against The Public

by Smitty (via Reboot Congress on Twitter) Yeah, had to look up the SI prefix on that one. Tyler Durden over at Zero Hedge reveals something you’ve more or less suspected, but didn’t want to go all tinfoil hat about, emphasis original: . . .Wall Street’s (not to mention the rest of the world’s) biggest [...]

What I Would Argue Is That This Shows the Federal Reserve as Antithetical to the Constitution

by Smitty Senator Sanders (D-upe) underscores that from the mouth of bozos truth occasionally escapes: “You can argue that the chairman of the Fed is more important than the president of the United States, but very few Americans understand what the Fed does,” says Sen. Bernie Sanders, a Vermont independent who successfully pushed for the [...]

Charlie Sheen Agrees With Smitty

“I would disband the Fed, like now. Shut that motherf****r down now, and send the I.R.S. to prison.” – Charlie Sheen, in his “Violent Torpedo of Truth” show Tuesday in Washington, D.C. While I’d have a hard time picturing Smitty banging seven-gram rocks of cocaine and cohabiting with two porn “goddesses,” when it comes to [...]

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