30 Bernanke Quotes That Are So Absurd You Won’t Know Whether To Laugh Or Cry - By Michael Snyder (14/12/10) PDF Print E-mail
Michael Snyder   
Tuesday, 14 December 2010 09:53

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The Fed: The Chicago School's Achilles Heel - By Robert P. Murphy (14/12/10) PDF Print E-mail
Robert P. Murphy   
Tuesday, 14 December 2010 09:49

Mises Daily

In a recent post "Triumph of the Austrian Economists," David Frum laments the displacement of the respectable Chicago School as the economists of choice among the political Right. Frum fails to see that conservative Republicans are justified in switching their allegiance to the Austrian economists, because supply-side monetarists have a glaring blind spot when it comes to the Federal Reserve.

Frum Is Flummoxed

Frum is dismayed at the resurgent interest in Austrian analysis and policy recommendations:

An important subtheme of Noah Green's survey of Fed critics is the triumph of Austrian over Chicago economics within the modern political right.

Thirty years ago, right of center economists did not accept recessions as necessary and indeed healthful responses to speculative bubbles. They still winced at the memory of Hoover era officials who welcomed the Great Depression as a means to "purge the rottenness" from the market system.



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Wikileaks: A Big U.S. Government Con Job - By F William Engdahl (13/12/10) PDF Print E-mail
F William Engdahl   
Monday, 13 December 2010 10:23

Market Oracle

The story on the surface makes for a script for a new Oliver Stone Hollywood thriller. A 39-year old Australian hacker holds the President of the United States and his State Department hostage to a gigantic cyber “leak,” unless the President leaves Julian Assange and his Wikileaks free to release hundreds of thousands of pages of sensitive US Government memos. A closer look at the details, so far carefully leaked by the most ultra-establishment of international media such as the New York Times, reveals a clear agenda. That agenda coincidentally serves to buttress the agenda of US geopolitics around the world from Iran to Russia to North Korea. The Wikileaks is a big and dangerous US intelligence Con Job which will likely be used to police the Internet.

It is almost too perfectly-scripted to be true. A discontented 22-year old US Army soldier on duty in Baghdad, Bradley Manning, a low-grade US Army intelligence analyst, described as a loner, a gay in the military, a disgruntled “computer geek,” sifts through classified information at Forward Operating Base Hammer. He decides to secretly download US State Department email communications from the entire world over a period of eight months for hours a day, onto his blank CDs while pretending to be listening to Lady Gaga. In addition to diplomatic cables, Manning is believed to have provided WikiLeaks with helicopter gun camera video of an errant US attack in Baghdad on unarmed journalists, and with war logs from Iraq and Afghanistan.



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MUST-WATCH VIDEO: Shocking NIA Interview with Bill Murphy - National Inflation Association (13/12/10) PDF Print E-mail
Posted by Administrator   
Sunday, 12 December 2010 22:27



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FED + Global Too Big To Fail Banks + QE I & II = Global Ponzi Scheme + Inflation + Toilet Paper Money. QED - By Matthias Chang (13/12/10) PDF Print E-mail
By Matthias Chang   
Sunday, 12 December 2010 22:11

The US Government under Bush and now Obama has morphed into a fraudulent enterprise. QE I has now been exposed as the biggest fraudulent transfer of wealth by the Federal Reserve to the global banking elites. Will the global banksters get away with it or will the American people wise up and make them pay for their crimes?  


On 5th December 2010, appearing on CBS’s 60 Minutes, Bernanke spun a financial yarn that betrays the depth of his intellectual bankruptcy and dishonesty.

This is what he said,

One myth that’s out there – is that what we are doing is printing money. We are not printing money. The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

This statement has created some confusion among economists and financial pundits. But, I am not surprised.

There are also the paid scribes who echo whatever is churned out by their financial paymasters.  



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