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	<title>Liberty Maven» Liberty Maven: For Liberty, One Individual At A Time</title>
	
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		<title>Quick Hits: Guns, Obama, Ron Paul, The Big Three, and Random Thoughts</title>
		<link>http://libertymaven.com/2009/07/10/quick-hits-guns-obama-ron-paul-the-big-three-and-random-thoughts/6440/</link>
		<comments>http://libertymaven.com/2009/07/10/quick-hits-guns-obama-ron-paul-the-big-three-and-random-thoughts/6440/#comments</comments>
		<pubDate>Fri, 10 Jul 2009 12:10:06 +0000</pubDate>
		<dc:creator>Marc Gallagher</dc:creator>
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		<guid isPermaLink="false">http://libertymaven.com/?p=6440</guid>
		<description><![CDATA[This week I&#8217;m thinking about the 2nd Amendment and gun control. By now everyone has heard about the Heller Supreme Court victory last year that struck down DC&#8217;s gun ban. There is another &#8220;gun fight&#8221; brewing. The Heller case dealt with applying the 2nd Amendment to the federal government. The new case explores whether the [...]]]></description>
			<content:encoded><![CDATA[<p>This week I&#8217;m thinking about the 2nd Amendment and gun control. By now everyone has heard about the Heller Supreme Court victory last year that struck down DC&#8217;s gun ban. There is another &#8220;gun fight&#8221; brewing. The Heller case dealt with applying the 2nd Amendment to the federal government. The new case explores whether the 2nd Amendment applies to the states. Perhaps most compelling about this new case is that it is an effort to strike down Chicago&#8217;s gun ban and we have a President who would love nothing more than to extend that ban to all the states.</p>
<p>Make no mistake that is what Barack Obama wants to do. Whether he actually can accomplish it is another story. For more details on the new case and its history <a title="Reason: The Second Amendment and The States" href="http://reason.com/news/printer/134062.html" target="_self">see this excellent article from Reason</a>. Let&#8217;s all hope that the Supreme Court takes the case and does the right thing.</p>
<p><span id="more-6440"></span></p>
<p>Ron Paul is one of the leading advocates of interpreting the 2nd Amendment as written. No surprise there, but does he actually put his money where his mouth is? Of course he does. Here are three gun-related bills he introduced a few weeks ago in the House:</p>
<p><a href="http://thomas.loc.gov/cgi-bin/bdquery/D?d111:52:./temp/%7EbdYjbP::%7C/bss/d111query.html%7C">H.R.3022 </a>:  To restore the second amendment rights of all Americans. This bill repeals various gun control laws already on the books, including background checks and child safety locks.</p>
<p><a href="http://thomas.loc.gov/cgi-bin/bdquery/D?d111:51:./temp/%7EbdYjbP::%7C/bss/d111query.html%7C">H.R.3021 </a>:  To repeal the Gun-Free School Zones Act of 1990 and amendments to that Act.</p>
<p><a href="http://thomas.loc.gov/cgi-bin/bdquery/D?d111:53:./temp/%7EbdYjbP::%7C/bss/d111query.html%7C">H.R.3023 </a>:  To provide for the safety of United States aviation and the suppression of terrorism. This bill would allow employees of airlines to carry guns in order to protect themselves and their passengers.</p>
<p>I especially like that last one. September 11th may have turned out differently had the pilots been armed. They say that 9/11 changed everything. Well, if pilots were armed it may have changed nothing. No justification for the Iraq war. No justification for the Patriot Act. No justification for warrantless wiretaps. And so on.</p>
<p>Gun control is certainly important but in the age of Obama there seems to be 3 major efforts that liberty lovers need to do everything in our power to stop. All of them directly affect our economy in bad ways. Together they are a recipe for economic armageddon.</p>
<ol>
<li><strong>Cap and Trade</strong>: This bill needs to fail in the Senate after already passing in the House. We all know why it&#8217;s a bad idea. In fact even some of those who voted for it in the House know it&#8217;s a bad idea but voted for it anyway. I wish Ron Paul would name names.</li>
<li><strong>Government Health Care</strong>: Obama says the government is going to &#8220;compete&#8221; with the private sector. The market will react by forcing people toward using government health care until all the competitors are gone. Obamacare is really just a migration plan toward complete socialized medicine. How much is it going to cost to provide health care for 130 million more Americans and where will the money come from?</li>
<li><strong>Stimulus, Part 2</strong>: There&#8217;s a renewed effort under way to push for another stimulus program. We haven&#8217;t even spent more than 10% of our previous stimulus money and we already want another one? Obama used fear tactics to push his first one through. It had to be done right then, yet months later we&#8217;ve only spent 10% of the money. The only effective shovel ready Obama project is the one that is shoveling bullshit from the White House directly into our ears.</li>
</ol>
<p>Fighting this evil recipe for economic armageddon should be first on your liberty to-do list.</p>
<p>And on that &#8220;up&#8221; note here are this week&#8217;s random thoughts, tweets, and quotes:</p>
<ul>
<li>Inside every older person is a younger person wondering what the f**k happened. &#8211; <a title="rebelyid on twitter" href="http://twitter.com/rebelyid" target="_self">@rebelyid</a> on Twitter</li>
</ul>
<ul>
<li>In the U.S. every day should be Independence Day. Eternal vigilance is the price of liberty!</li>
</ul>
<ul>
<li>I wonder how many would show up if we had a memorial/funeral for the Constitution. Not &#8220;celebrity&#8221; enough I guess.</li>
</ul>
<ul>
<li>Screw Al Qaeda, there are at least three other Al&#8217;s that need to be stopped, Al Franken, Al Sharpton, and Al Gore.</li>
</ul>
<ul>
<li>If people automatically think that strict adherence to the Constitution is &#8220;crazy&#8221; then Ron Paul will never be considered sane.</li>
</ul>
<ul>
<li>G8 all agree to attempt to control the weather. Mother Nature laughs.</li>
</ul>
<ul>
<li>I cringe at the word &#8220;regulation&#8221; more than any other imaginable swear word.</li>
</ul>
<p>And finally, my favorite, passionate Frederic Bastiat quote:</p>
<blockquote><p><em>Away with the whims of governmental administrators, their socialized projects, their centralization, their tariffs, their government schools, their state religions, their free credit, their bank monopolies, their regulations, their restrictions, their equalization by taxation, and their pious moralizations!</em></p></blockquote>
<p>and with that&#8230; Have a wonderful weekend!</p>
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		<title>“The Wreck of the Hesperus” and the Meltdown of the Global Monetary System</title>
		<link>http://libertymaven.com/2009/07/09/the-wreck-of-the-hesperus-and-the-meltdown-of-the-global-monetary-system/6417/</link>
		<comments>http://libertymaven.com/2009/07/09/the-wreck-of-the-hesperus-and-the-meltdown-of-the-global-monetary-system/6417/#comments</comments>
		<pubDate>Fri, 10 Jul 2009 03:57:39 +0000</pubDate>
		<dc:creator>Jake4Constitution</dc:creator>
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		<guid isPermaLink="false">http://libertymaven.com/?p=6417</guid>
		<description><![CDATA[Musing on the famous poem by American poet Henry Wadsworth Longfellow and the world monetary system. A European organization called the United Future World Currency created by former central bankers is exposed.
by Jake Towne, the Champion of the Constitution
Originally published on Thursday, July  9, 2009 at http://www.nolanchart.com/article6610.html
Yesterday I was unpacking my books from China, [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Musing on the famous poem by American poet Henry Wadsworth Longfellow and the world monetary system. A European organization called the United Future World Currency created by former central bankers is exposed.</strong></p>
<p><em>by Jake Towne, the Champion of the Constitution</em></p>
<p><em>Originally published on Thursday, July  9, 2009 at http://www.nolanchart.com/article6610.html</em></p>
<p>Yesterday I was unpacking my books from China, a chore that took a few hours. I came upon a wonderfully illustrated, hardbound edition of Henry Wadsworth Longfellow&#8217;s &#8220;<a href="http://www.blupete.com/Literature/Poetry/Wreck.htm" target="_blank">The Wreck of the Hesperus</a>.&#8221;  Unable to resist, I sat down and cracked it open – the copy is about 70 years old.  (<a href="http://en.wikipedia.org/wiki/Henry_Wadsworth_Longfellow" target="_blank">photo1</a> <a href="http://commons.wikimedia.org/wiki/File:Wreck_of_schooner_Doris-north_gare-1983.jpg" target="_blank">photo2</a>)</p>
<p>For a little background, <a href="http://en.wikipedia.org/wiki/Henry_Wadsworth_Longfellow" target="_blank">Longfellow</a> was a New Englander who lived seaside for much of his life from 1807-1882. Many of his poems have a rhythmic cadence, and he is also very well known for the poem &#8220;<a href="http://poetry.eserver.org/paul-revere.html" target="_blank">Paul Revere&#8217;s Ride</a>.&#8221;  Here is &#8220;The Wreck of the Hesperus:&#8221;</p>
<p><span id="more-6417"></span></p>
<blockquote><p><img src="http://img233.imageshack.us/img233/934/477pxhenrywlongfellow18.jpg" alt="longfellow" hspace="15" vspace="10" width="477" height="600" align="right" /><em>It was the schooner Hesperus,<br />
That sailed the wintery sea;<br />
And the skipper had taken his little daughter,<br />
To bear him company.</em></p>
<p><em>Blue were her eyes as the fairy flax,<br />
Her cheeks like the dawn of day,<br />
And her bosom white as the hawthorn buds,<br />
That ope in the month of May.</em></p>
<p><em>The Skipper he stood beside the helm,<br />
His pipe was in his mouth,<br />
And he watched how the veering flaw did blow<br />
The smoke now West, now South.</em></p>
<p><em>Then up and spake an old Sailor,<br />
Had sailed the Spanish Main,<br />
&#8220;I pray thee, put into yonder port,<br />
for I fear a hurricane.</em></p>
<p><em>&#8220;Last night the moon had a golden ring,<br />
And to-night no moon we see!&#8221;<br />
The skipper, he blew whiff from his pipe,<br />
And a scornful laugh laughed he.</em></p>
<p><em>Colder and louder blew the wind,<br />
A gale from the Northeast,<br />
The snow fell hissing in the brine,<br />
And the billows frothed like yeast.</em></p>
<p><em>Down came the storm, and smote amain<br />
The vessel in its strength;<br />
She shuddered and paused, like a frighted steed,<br />
Then leaped her cable&#8217;s length.</em></p>
<p><em>&#8220;Come hither! come hither! my little daughter,<br />
And do not tremble so;<br />
For I can weather the roughest gale<br />
That ever wind did blow.&#8221;</em></p>
<p><em>He wrapped her warm in his seaman&#8217;s coat<br />
Against the stinging blast;<br />
He cut a rope from a broken spar,<br />
And bound her to the mast.</em></p>
<p><em>&#8220;O father! I hear the church bells ring,<br />
Oh, say, what may it be?&#8221;<br />
&#8220;Tis a fog-bell on a rock bound coast!&#8221; &#8211;<br />
And he steered for the open sea.</em></p>
<p><em>&#8220;O father! I hear the sound of guns;<br />
Oh, say, what may it be?&#8221;<br />
Some ship in distress, that cannot live<br />
In such an angry sea!&#8221;</em></p>
<p><em>&#8220;O father! I see a gleaming light.<br />
Oh say, what may it be?&#8221;<br />
But the father answered never a word,<br />
A frozen corpse was he.</em></p>
<p><em> </em><img src="http://img233.imageshack.us/img233/4981/517pxwreckofschoonerdor.jpg" alt="wreck" hspace="15" vspace="10" width="517" height="600" align="right" /><em>Lashed to the helm, all stiff and stark,<br />
With his face turned to the skies,<br />
The lantern gleamed through the gleaming snow<br />
On his fixed and glassy eyes.</em></p>
<p><em>Then the maiden clasped her hands and prayed<br />
That saved she might be;<br />
And she thought of Christ, who stilled the wave,<br />
On the Lake of Galilee.</em></p>
<p><em> </em><em>And fast through the midnight dark and drear,<br />
Through the whistling sleet and snow,<br />
Like a sheeted ghost, the vessel swept<br />
Tow&#8217;rds the reef of Norman&#8217;s Woe.</em></p>
<p><em>And ever the fitful gusts between<br />
A sound came from the land;<br />
It was the sound of the trampling surf,<br />
On the rocks and hard sea-sand.</em></p>
<p><em> </em><em>The breakers were right beneath her bows,<br />
She drifted a dreary wreck,<br />
And a whooping billow swept the crew<br />
Like icicles from her deck.</em></p>
<p><em>She struck where the white and fleecy waves<br />
Looked soft as carded wool,<br />
But the cruel rocks, they gored her side<br />
Like the horns of an angry bull.</em></p>
<p><em>Her rattling shrouds, all sheathed in ice,<br />
With the masts went by the board;<br />
Like a vessel of glass, she stove and sank,<br />
Ho! ho! the breakers roared!</em></p>
<p><em>At daybreak, on the bleak sea-beach,<br />
A fisherman stood aghast,<br />
To see the form of a maiden fair,<br />
Lashed close to a drifting mast.</em></p>
<p><em>The salt sea was frozen on her breast,<br />
The salt tears in her eyes;<br />
And he saw her hair, like the brown sea-weed,<br />
On the billows fall and rise.</em></p>
<p><em>Such was the wreck of the Hesperus,<br />
In the midnight and the snow!<br />
Christ save us all from a death like this,<br />
On the reef of Norman&#8217;s Woe!</em></p></blockquote>
<p>In the past, the poem just brought thoughts of pity for the poor maiden and her headstrong father. This time though, an allegory struck me.</p>
<p>The Father/Skipper is the world&#8217;s central bankers and governments who have fastened us, say Lady Liberty or the maiden, to the mast using the bonds of fiat money. We too, may have little warning before the time arrives when we realize that the central bankers are powerless and frozen dead at the wheel.</p>
<p>For the time being, the charade made by the Money Masters is still in place, but the storm still rages on. Meanwhile they lie, saying that we are in deflation of -2%, <a href="http://www.nolanchart.com/article6542.html" target="_blank">when the truth is</a> prices are inflating at a +6% rate.  They say unemployment is 10%, or 9.6% like it&#8217;s some kind of going-out-of-business sale, <a href="http://www.shadowstats.com/alternate_data" target="_blank">when the truth is</a> it&#8217;s at depression levels of 21%.</p>
<p>Of course their prime fear is a psychological realization of these facts by the population at large. Some have even told me that my writing is a disservice, as if the charade could be maintained forever.</p>
<p>The fact remains, it cannot.  <a href="http://www.nolanchart.com/article6305.html" target="_blank">The US banking system is horribly insolvent.</a> The <a href="http://www.bis.org/statistics/otcder/dt1920a.pdf" target="_blank">$592 Trillion USD</a> in notional derivatives contracts still hangs like the <a href="http://en.wikipedia.org/wiki/Damocles" target="_blank">sword of Damocles</a> above us. The prolonging of mass unemployment is, in a major fashion, due to government propping up the financial sector and housing bubble which should have &#8211; admittedly rather violently due to the machinations of the FED &#8211; collapsed back in 2007. However, a recovery would then have been rather swift, and the bankrupted firms quickly bought up by stronger hands. Instead the malaise spread to all other sectors of the economy.</p>
<p>In their desperation, the central bankers and world governments may turn to desperate delay tactics. At the G8 meeting this week, the <a href="http://news.yahoo.com/s/ap/20090708/ap_on_re_eu/g8_summit_gifts_2" target="_blank">Associated Press reports</a> a group called United Future World Currency bribed [my terminology] world leaders with a gift commissioned by Italian Prime Minister Silvio Berlusconi, 10 handmade books bound with silk and gold thread with a marble bas-relief for the covers. The group also included 10 coins made of gold, valued at about $4,000 each for each of the world leaders. Members of the group, per its <a href="http://www.futureworldcurrency.com/Documents.asp?DocumentID=189" target="_blank">website</a> include Belgian central banker Luc Luycx and Italian central banker Guido Crapanzano.</p>
<p>It is extremely ironic that the gifts were made of true money, gold, and a lot of lip service is given to gold but the plans for the people would simply be the usual fiat, fractionally-reserved FRAUDULENT currency. See the <a href="http://www.futureworldcurrency.com/Documents.asp?DocumentID=191" target="_blank">design here</a>, and <a href="http://www.futureworldcurrency.com/Documents.asp?DocumentAreaID=44&amp;DocumentID=193" target="_blank">logos here</a>.  Their <a href="http://www.futureworldcurrency.com/Documents.asp?DocumentID=168" target="_blank">website states</a> that they are also seeking to destroy the anonymity of money, and make it completely traceable and have funded studies to &#8220;to study the potential for a new coin with a high level of protection against counterfeits. In short, an &#8216;intelligent coin&#8217; that can communicate with mobile phones, give and receive inputs and be recognized as fake or authentic.&#8221; Privacy advocates, including myself, will be screaming bloody murder.</p>
<p>Perhaps the most laughable section of United Future World Currency&#8217;s website is <a href="http://www.futureworldcurrency.com/Documents.asp?DocumentAreaID=44&amp;DocumentID=194" target="_blank">the skewed version of monetary history</a> written by Silvana Balbi de Caro. Ironically, the history still gives lip service and acknowledges that gold and silver have been money throughout all of human history. It even alludes to the uncontested fact that when the gold and silver coins are debased with base metals, it always coincides with the collapse of major empires. However, it skips the last 70 years of fiat monetary rule completely, and omits any admission of John Law, the Song dynasty&#8217;s disastrous experiments with paper money, the closing of the gold window by Nixon, hyperinflations due to paper currencies like Weimar in the 1920s, Argentina in the 1990s, and Zimbabwe today. It&#8217;s stupid conclusion:</p>
<blockquote><p>&#8220;Yet global market mechanisms are knocking at the door: the boundaries that divide us today will seem too narrow for tomorrow’s generation. Old national currencies will seem a relic from the past. <strong>And the utopia of a universal currency will become reality.</strong>&#8220;</p></blockquote>
<p>Always be wary when people speak of &#8220;utopia.&#8221;  It <span style="text-decoration: underline;"><strong>would be</strong></span><strong> </strong>a utopia for central bankers – a new money worldwide that they can inflate as evenly as they so please. However this misses a key fact.</p>
<p>Consumers, not central bankers, are the true sovereigns of market economies. The marketplace should choose the currency, and people should be free to use whatever they so wish as money. In our United States, gold and silver coins are the only forms of lawful money the government is allowed to issue, yet we trade worthless scraps of linen <a href="http://www.nolanchart.com/article6036.html" target="_blank">embedded with cyanide, arsenic and mercury</a>, bills of credit known as Federal Reserve Notes, as if they were money when the reality is that FRNs are merely ghosts and shadows of true money.</p>
<p>The fact remains that there is only one surefire way of escaping the Hesperus before it wrecks. The bonds strapping you down can be cut with a blade forged of physical gold and silver. View buying a little physical gold and silver as calamity insurance because our trusty Skippers remain adamant to keep at sea as the perfect storm continues to rage.</p>
<p><img class="alignright" style="margin: 10px 15px;" src="http://img7.imageshack.us/img7/8264/39713462.jpg" alt="me" hspace="15" vspace="10" width="146" height="168" align="right" /></p>
<p>For the Republic!</p>
<p>Jake Towne, the Champion of the Constitution</p>
<p>Special thanks to AH for the tip on United Future World Currency.</p>
<p><em>Jake Towne is <a href="http://www.nolanchart.com/article6373.html" target="_blank">running for U.S. Congress</a> in Pennsylvania&#8217;s 15th District in the 2010 election as a citizen unaffiliated with any political parties.  Jake also writes at <a href="../" target="_blank">www.LibertyMaven.com</a> and <a href="http://www.campaignforliberty.com/article.php?author=3" target="_blank">www.CampaignForLiberty.com</a>.  <a href="http://www.scribd.com/doc/15909415/Jake-Towne-for-US-Congress-PA15-May-2009" target="_blank">A master campaign presentation</a> for internet viewing is available. </em><a href="mailto:jaketowne@gmail.com" target="_blank"><em><span style="text-decoration: underline;">[Reach the Author Here!]</span></em> </a></p>
<p><em><a href="http://www.facebook.com/group.php?gid=83167615682" target="_blank">An interim campaign website is here </a>while a dot com is being setup, due for release on July 15, 2009.</em></p>
<p>P.S. &#8211; <a href="http://www.youtube.com/user/TowneForCongress" target="_blank">The &#8220;Towne for Congress&#8221; Youtube Channel</a> has just opened, you can view me give a speech on &#8220;Regaining Our Individual Rights&#8221; at the local July 3rd Tea Party rally <a href="http://www.youtube.com/user/TowneForCongress" target="_blank">here</a>. <a href="http://www.nolanchart.com/article6597.html" target="_blank"> Text is here</a></p>
<p>_______________________________________________________________________</p>
<address><strong><em>We the People</em></strong><em> of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.</em></p>
<p><em>As always, unlike the NFL, the author grants full permission to allow any accounts of, rebroadcasts, retransmissions, repostings of this article to your blog or anywhere else in order to promote the Restoration of our Republic.</em></p>
<p><em>Veritas numquam perit. Veritas odit moras. <strong>Veritas vincit</strong>. Truth never perishes. Truth hates delay. Truth conquers</em>.</p>
<p><em>Tu ne cede malis sed contra audentior ito. <strong>Do not give in to evil but proceed ever more boldly against it.</strong></em></p>
</address>
<p><a href="http://www.nolanchart.com/article5069.html">Summary of Articles and Bibliography for Jake Towne, the Champion of the Constitution (7/2/2009)</a></p>
<p>_______________________________________________________________________</p>
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		<title>Ron Paul’s Strong Opening Statement On Fed Transparency</title>
		<link>http://libertymaven.com/2009/07/09/ron-pauls-strong-opening-statement-on-fed-transparency/6433/</link>
		<comments>http://libertymaven.com/2009/07/09/ron-pauls-strong-opening-statement-on-fed-transparency/6433/#comments</comments>
		<pubDate>Fri, 10 Jul 2009 02:20:20 +0000</pubDate>
		<dc:creator>Marc Gallagher</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Big Government]]></category>
		<category><![CDATA[Commentary]]></category>
		<category><![CDATA[Constitution]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Federal Reserve]]></category>
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		<category><![CDATA[congress]]></category>
		<category><![CDATA[government spending]]></category>
		<category><![CDATA[answer periods]]></category>
		<category><![CDATA[committee hearing]]></category>
		<category><![CDATA[house committee]]></category>
		<category><![CDATA[preemptive strike]]></category>
		<category><![CDATA[question and answer]]></category>
		<category><![CDATA[Ron Paul]]></category>
		<category><![CDATA[transparency]]></category>
		<category><![CDATA[vice chair]]></category>

		<guid isPermaLink="false">http://libertymaven.com/?p=6433</guid>
		<description><![CDATA[Earlier we posted Ron Paul&#8217;s two question and answer periods during today&#8217;s House committee hearing on Federal Reserve Independence. Ron Paul&#8217;s opening statement for the hearing is below.
He argues, in a preemptive strike, against what the Vice Chair attempts to use as an argument against Paul&#8217;s HR1207 later in the hearing.

]]></description>
			<content:encoded><![CDATA[<p>Earlier we posted Ron Paul&#8217;s two question and answer periods during today&#8217;s House committee hearing on Federal Reserve Independence. Ron Paul&#8217;s opening statement for the hearing is below.</p>
<p>He argues, in a preemptive strike, against what the Vice Chair attempts to use as an argument against Paul&#8217;s HR1207 later in the hearing.</p>
<p><a href="http://www.youtube.com/watch?v=aKUytB-Duns"><img src="http://img.youtube.com/vi/aKUytB-Duns/default.jpg" width="130" height="97" border=0></a></p>
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		<title>Ron Paul questions Metzger and Gailbrath on Fed Transparency</title>
		<link>http://libertymaven.com/2009/07/09/ron-paul-questions-metzger-and-gailbrath-on-fed-transparency/6428/</link>
		<comments>http://libertymaven.com/2009/07/09/ron-paul-questions-metzger-and-gailbrath-on-fed-transparency/6428/#comments</comments>
		<pubDate>Thu, 09 Jul 2009 21:19:19 +0000</pubDate>
		<dc:creator>Marc Gallagher</dc:creator>
				<category><![CDATA[Big Government]]></category>
		<category><![CDATA[Constitution]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Ron Paul]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[government spending]]></category>
		<category><![CDATA[addendum]]></category>
		<category><![CDATA[chair questions]]></category>
		<category><![CDATA[committee web]]></category>
		<category><![CDATA[dr allan]]></category>
		<category><![CDATA[dr paul]]></category>
		<category><![CDATA[finanacial services]]></category>
		<category><![CDATA[kenneth galbraith]]></category>
		<category><![CDATA[members of congress]]></category>
		<category><![CDATA[metzger]]></category>
		<category><![CDATA[opening statements]]></category>
		<category><![CDATA[services committee]]></category>
		<category><![CDATA[shock]]></category>
		<category><![CDATA[testimony]]></category>
		<category><![CDATA[tongue and cheek]]></category>
		<category><![CDATA[transparency]]></category>
		<category><![CDATA[vice chair]]></category>
		<category><![CDATA[www youtube]]></category>

		<guid isPermaLink="false">http://libertymaven.com/?p=6428</guid>
		<description><![CDATA[An addendum the the previous video posted earlier where Ron Paul asked Fed Vice Chair questions during a Federal Reserve hearing here is the second set of questions from Dr. Paul for the 2nd panel.
He asks Dr. Allan Metzger about the difference between the term &#8220;independence&#8221; and &#8220;transparency&#8221;. He then expresses a bit of tongue [...]]]></description>
			<content:encoded><![CDATA[<p>An addendum the the <a title="Ron Paul questions Fed Vice Chair on transparency" href="http://libertymaven.com/2009/07/09/ron-paul-questions-fed-vice-chair-on-transparency/6423/" target="_self">previous video posted earlier</a> where Ron Paul asked Fed Vice Chair questions during a Federal Reserve hearing here is the second set of questions from Dr. Paul for the 2nd panel.</p>
<p>He asks Dr. Allan Metzger about the difference between the term &#8220;independence&#8221; and &#8220;transparency&#8221;. He then expresses a bit of tongue and cheek shock that James Kenneth Galbraith (also on the panel) brought up the Constitution in his opening testimony, and a few other questions. Galbraith then agrees that he believes Paul&#8217;s HR1207 is proper, that members of Congress are entitled to the information an audit would provide.</p>
<p>You can view all the opening statements regarding this hearing at <a title="House Financial Services Committee site" href="http://www.house.gov/apps/list/hearing/financialsvcs_dem/hrdmp_070909.shtml" target="_self">this House Finanacial Services Committee web page</a>.</p>
<p>Watch this latest clip below and look for video of Ron Paul&#8217;s opening statement a bit later.</p>
<p><a href="http://www.youtube.com/watch?v=6uaY8HhyR1w"><img src="http://img.youtube.com/vi/6uaY8HhyR1w/default.jpg" width="130" height="97" border=0></a></p>
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		<title>Ron Paul questions Fed Vice Chair on Transparency</title>
		<link>http://libertymaven.com/2009/07/09/ron-paul-questions-fed-vice-chair-on-transparency/6423/</link>
		<comments>http://libertymaven.com/2009/07/09/ron-paul-questions-fed-vice-chair-on-transparency/6423/#comments</comments>
		<pubDate>Thu, 09 Jul 2009 19:49:19 +0000</pubDate>
		<dc:creator>Marc Gallagher</dc:creator>
				<category><![CDATA[Big Government]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Money]]></category>
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		<category><![CDATA[government spending]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[board of governors]]></category>
		<category><![CDATA[capitol hill]]></category>
		<category><![CDATA[chairman of the federal reserve]]></category>
		<category><![CDATA[chairman of the federal reserve board]]></category>
		<category><![CDATA[chairman of the federal reserve board of governors]]></category>
		<category><![CDATA[federal reserve board]]></category>
		<category><![CDATA[federal reserve board of governors]]></category>
		<category><![CDATA[job]]></category>
		<category><![CDATA[Ron Paul]]></category>
		<category><![CDATA[transparency]]></category>
		<category><![CDATA[vice chair]]></category>
		<category><![CDATA[vice chairman]]></category>

		<guid isPermaLink="false">http://libertymaven.com/?p=6423</guid>
		<description><![CDATA[Ron Paul questioned Vice Chairman of the Federal Reserve Board of Governors today in a hearing on Fed independence on Capitol Hill today.
It&#8217;s now their &#8220;official&#8221; opinion that auditing the Federal Reserve completely will inhibit their ability to do their job, which apparently is to print money endlessly forcing a hidden tax on every person [...]]]></description>
			<content:encoded><![CDATA[<p>Ron Paul questioned Vice Chairman of the Federal Reserve Board of Governors today in a hearing on Fed independence on Capitol Hill today.</p>
<p>It&#8217;s now their &#8220;official&#8221; opinion that auditing the Federal Reserve completely will inhibit their ability to do their job, which apparently is to print money endlessly forcing a hidden tax on every person who trades in U.S. dollars.</p>
<p>Watch the exchange below.</p>
<p><a href="http://www.youtube.com/watch?v=gb6QQ0q6kbM"><img src="http://img.youtube.com/vi/gb6QQ0q6kbM/default.jpg" width="130" height="97" border=0></a></p>
<p>Just more subterfuge in the fight to audit the Fed. Call your Senators and Congress folk about HR1207 and S604!</p>
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		<title>Obama’s Recovery.gov To Get $18 Million Redesign</title>
		<link>http://libertymaven.com/2009/07/09/obamas-recovery-gov-to-get-18-million-redesign/6420/</link>
		<comments>http://libertymaven.com/2009/07/09/obamas-recovery-gov-to-get-18-million-redesign/6420/#comments</comments>
		<pubDate>Thu, 09 Jul 2009 19:03:44 +0000</pubDate>
		<dc:creator>Mike Miller</dc:creator>
				<category><![CDATA[Big Government]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[government spending]]></category>
		<category><![CDATA[accountability]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[board chairman]]></category>
		<category><![CDATA[earl devaney]]></category>
		<category><![CDATA[gov web]]></category>
		<category><![CDATA[milestone]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[republican national committee]]></category>
		<category><![CDATA[swell]]></category>
		<category><![CDATA[transparency]]></category>
		<category><![CDATA[wonderful thing]]></category>
		<category><![CDATA[www youtube]]></category>

		<guid isPermaLink="false">http://libertymaven.com/?p=6420</guid>
		<description><![CDATA[The bailouts are becoming recursive.  Recovery.gov was created as a &#8220;public-facing website to foster greater accountability and transparency in the use of covered funds&#8220;.  You know, so they can show us that the money is being used &#8220;wisely.&#8221;
But now it&#8217;s being reported that $18 million in additional funds well be spent to overhaul the recovery.gov [...]]]></description>
			<content:encoded><![CDATA[<p>The bailouts are becoming recursive.  Recovery.gov was created as a &#8220;<em>public-facing website to foster greater accountability and transparency in the use of covered funds</em>&#8220;.  You know, so they can show us that the money is being used &#8220;wisely.&#8221;</p>
<p>But now it&#8217;s <a href="http://blogs.abcnews.com/thenote/2009/07/18m-being-spent-to-redesign-recoverygov-web-site.html" target="_blank">being reported</a> that $18 million in additional funds well be spent to overhaul the recovery.gov web site.</p>
<p>Swell.</p>
<p>Of course it&#8217;s being trumpeted as a wonderful thing by the Recovery Accountability and Transparency Board.  Chairman Earl Devaney said:</p>
<blockquote><p><em>We are pleased that another major milestone has been achieved. </em></p></blockquote>
<p>Another milestone towards what?  Utter bankruptcy?</p>
<p>The Republican National Committee has already put out a mock ad for the new site:</p>
<p><a href="http://www.youtube.com/watch?v=RMuQZTgciNE"><img src="http://img.youtube.com/vi/RMuQZTgciNE/default.jpg" width="130" height="97" border=0></a></p>
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		<title>Senate Cosponsorship for Auditing the Fed Doubles</title>
		<link>http://libertymaven.com/2009/07/09/senate-cosponsorship-for-auditing-the-fed-doubles/6412/</link>
		<comments>http://libertymaven.com/2009/07/09/senate-cosponsorship-for-auditing-the-fed-doubles/6412/#comments</comments>
		<pubDate>Thu, 09 Jul 2009 12:57:54 +0000</pubDate>
		<dc:creator>Marc Gallagher</dc:creator>
				<category><![CDATA[Activism]]></category>
		<category><![CDATA[Big Government]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[1207]]></category>
		<category><![CDATA[barney frank]]></category>
		<category><![CDATA[gop]]></category>
		<category><![CDATA[jim demint]]></category>
		<category><![CDATA[pelosi]]></category>
		<category><![CDATA[presidential nomination]]></category>
		<category><![CDATA[Ron Paul]]></category>
		<category><![CDATA[sam brownback]]></category>
		<category><![CDATA[senate version]]></category>
		<category><![CDATA[vote]]></category>

		<guid isPermaLink="false">http://libertymaven.com/?p=6412</guid>
		<description><![CDATA[The Senate version, S.604, of Ron Paul&#8217;s audit the Federal Reserve Bill (HR.1207) has doubled in cosponsors. Sure it &#8220;only&#8221; had 3 before today, but now it has 6.
One of the new cosponsors is Sam Brownback (R-KS) who also ran for the GOP Presidential nomination last year along with Ron Paul.
HR.1207 is now up to [...]]]></description>
			<content:encoded><![CDATA[<p>The Senate version, S.604, of Ron Paul&#8217;s audit the Federal Reserve Bill (HR.1207) has doubled in cosponsors. Sure it &#8220;only&#8221; had 3 before today, but now it has 6.</p>
<p>One of the new cosponsors is Sam Brownback (R-KS) who also ran for the GOP Presidential nomination last year along with Ron Paul.</p>
<p>HR.1207 is now up to 254 cosponsors. I wonder if they would bring it up for a vote if the  entire House other than Pelosi and Barney Frank were to cosponsor it. Probably not.</p>
<p>I think this new support for S.604 is due to Jim DeMint starting the fight for it in the Senate the other day. Keep their phones ringing!</p>
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		<title>The Swedish Chef “Banks” Some Chocolate Mousse</title>
		<link>http://libertymaven.com/2009/07/09/the-swedish-chef-banks-some-chocolate-mousse/6388/</link>
		<comments>http://libertymaven.com/2009/07/09/the-swedish-chef-banks-some-chocolate-mousse/6388/#comments</comments>
		<pubDate>Thu, 09 Jul 2009 12:15:10 +0000</pubDate>
		<dc:creator>Jake4Constitution</dc:creator>
				<category><![CDATA[Banking]]></category>
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		<category><![CDATA[american banking]]></category>
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		<category><![CDATA[complete nonsense]]></category>
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		<category><![CDATA[money matrix]]></category>
		<category><![CDATA[riksbank]]></category>
		<category><![CDATA[saluzzi]]></category>
		<category><![CDATA[swedes]]></category>
		<category><![CDATA[swedish central bank]]></category>
		<category><![CDATA[swedish chef]]></category>
		<category><![CDATA[swedish krona]]></category>
		<category><![CDATA[unbelievable action]]></category>
		<category><![CDATA[yum yum yum]]></category>

		<guid isPermaLink="false">http://libertymaven.com/?p=6388</guid>
		<description><![CDATA[Unbelievable action from the Riksbank, Government Sachs, and commentary from Joe Saluzzi of Themis Trading, yet a little funny at the same time. As the Romans would say &#8220;Hostem inveni et interfice.&#8221;
by Jake Towne, the Champion of the Constitution
Originally published Wednesday, July  8, 2009 at http://www.nolanchart.com/article6604.html
Watch this really short Youtube clip, or read the [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Unbelievable action from the Riksbank, Government Sachs, and commentary from Joe Saluzzi of Themis Trading, yet a little funny at the same time. As the Romans would say &#8220;Hostem inveni et interfice.&#8221;</strong></p>
<p><em>by Jake Towne, the Champion of the Constitution</em></p>
<p><em>Originally published Wednesday, July  8, 2009 at http://www.nolanchart.com/article6604.html</em></p>
<p>Watch this <a href="http://www.youtube.com/watch?v=CAsYwW7pt7o" target="_blank">really short Youtube clip</a>, or read the dialogue for those without speakers:</p>
<p><strong>Swedish Chef, from the Riksbank</strong>: &#8220;Yum, yum, yum for the Chocolate!  Good, good!  Chocolate!&#8221;  (<em>stirs batter)</em></p>
<p><strong>Swedish Chef</strong>:  &#8220;&#8230; And now, the mousse!  Moose, moose!  Moo, the moose!!&#8221;  (<em>pulls a moose into the room, pets it)</em></p>
<p><strong>Swedish Chef</strong>:  &#8220;&#8230; And now, the chocolate and the moose!!&#8221;  (<em>splats some chocolate on the moose&#8217;s nose</em>)</p>
<p><strong>Kermit, the Austrian Economist</strong>:  &#8220;Wait a minute!! Enough!! Stop!!!&#8221;</p>
<p>Ever see something that is just complete nonsense?  From the perspective of the Austrian economist, the below also qualifies.</p>
<p>The Swedish Krona (SEK) is one of the world&#8217;s &#8220;top&#8221; currencies. Along with 5 other currencies, it defines the Dollar Index (see &#8220;<a href="http://www.nolanchart.com/article4401.html">The Money Matrix &#8211; What is a Dollar Bill Worth? (PART 2/15)</a>&#8220;).   Tomorrow, on July 8<sup>th</sup>, the Swedish central bank, the Riksbank <a href="http://www.riksbank.com/templates/Page.aspx?id=32047" target="_blank">will cut the deposit rate</a> to -0.25%.  That&#8217;s not a misprint.  <strong><em>Negative 0.25%</em></strong><em>.</em> Our central planners, Bernanke, Geithner, Summers and Bair are probably looking on with jealousy.</p>
<p>A negative deposit rate means that for balances held by member banks at the Riksbank, they will lose money over time. The banks may then even charge their customers a negative rate for carrying a balance. This might make some sense, but the <strong>banks don&#8217;t even have the money to start with!!</strong> <a href="http://www.nolanchart.com/article5489.html" target="_blank">Just like America&#8217;s FED,</a> the Swedes practice fractional reserve banking, which by its very nature is completely fraudulent &#8211; the banks have very little of the depositor&#8217;s money, about 3-4% for the American banking system as I showed here &#8220;<a href="http://www.nolanchart.com/article6305.html">Off a Cliff with No Airbags: The FED Banking System Quivers in Fright</a>&#8220;.</p>
<p>Why wouldn&#8217;t a Swede, say with 20,000 SEK, just take out his money, covert it into paper, and rent a security box at the bank for 50 SEK? If he keeps his currency in electronic form, he will lose about 50 SEK for the year anyways!</p>
<p>The Kermit in me just wants to shout, &#8220;STOP, YOU IDIOTS!!!&#8221;   This Keynesian stupidity has no apparent end.</p>
<p><span id="more-6388"></span></p>
<p>Kermit&#8217;s runner-up for stupidity is Government Sachs, of whom I gave a scathing review last week here &#8220;<a href="http://www.nolanchart.com/article6573.html">The Bubble Blowers: Goldman Sachs and Cap and Trade</a>&#8220;. Sergey Aleynikov, a former employee of Goldman Sachs who worked on programming with dual US-Russian citizenship, was arrested at an airport last Friday <a href="http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=a_6d.tyNe1KQ" target="_blank">per Bloomberg</a>.   Allegedly he placed GS&#8217;s proprietary trading software on a German server where it may have been downloaded.</p>
<p>Now anyone who studies modern quant, bond or stock trading realizes the big investment firms just leverage up to their eyeballs and trade during milliseconds on the exchanges &#8211; anything to make a profit. While there is something very, very wrong with this as well &#8211; listen to <a href="http://www.youtube.com/watch?v=g0U1vMUa2sc&amp;eurl" target="_blank">Joe Saluzzi of Themis Trading here</a>, I have no objections in principle if someone is able to write a program smart enough to make monster profits. Where I have a problem is what Assistant U.S. Attorney Joseph Facciponti said:</p>
<blockquote><p>&#8220;<strong>The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways.</strong> The copy in Germany is still out there, and we at this time do not know who else has access to it.&#8221;</p></blockquote>
<p>Strange use of words, eh? That you would be able to &#8220;manipulate markets in unfair ways.&#8221; Does this mean that when Goldman Sachs used the program, they were manipulating the market in an unfair fashion? I innocently wonder, but I already know the answer. Keep your eyes peeled for &#8220;Unlocking the Money Matrix &#8211; The Summers Gold Price Suppression Scheme&#8221; which is already written and coming soon!</p>
<p><img style="border: 15px solid black;" src="http://img80.imageshack.us/img80/5626/794021.jpg" border="15" alt="d" width="504" height="329" align="middle" /></p>
<p><em>History repeats itself. The robber barons of the middle ages, and the robber barons of today. The people bowing before the combination of bankers and politicians, bearing the sword of legislation.</em> (<a href="http://www.library.gsu.edu/spcoll/Collections/AV/19cLabor/19clabor29.htm" target="_blank">Source</a>, copyright expired)</p>
<p>The truth of the matter is that almost much of the world&#8217;s population still live like Dark Age serfs under a medley of central bankers and planners, corporatocrats (new word), and a massive economic dead-weight, our politicians and our federal government. Try reading Howard Katz&#8217;s &#8220;<a href="http://news.goldseek.com/GoldSeek/1246892860.php" target="_blank">Why the FED is Depreciating the Currency.</a>&#8221;</p>
<p>People, be wary, we are probably going to get hit pretty much by what <a href="http://www.leap2020.eu/GEAB-N-36-is-available%21-Global-systemic-crisis-in-summer-2009-The-cumulative-impact-of-three-rogue-waves_a3359.html" target="_blank">GEAB N 36</a> calls &#8220;three rogue waves&#8221; &#8211; massive unemployment, many corporate bankruptcies, and then a dollar/pound/US Treasury crisis. They have been mostly correct in the past &#8211; the housing bubble, stock market crashes, performance of the USDX, etc. <a href="http://www.leap2020.eu/Global-systemic-crisis-June-2009-When-the-world-steps-out-of-a-sixty-year-old-referential-framework_a3248.html" target="_blank">Look at how America had 11 of the world&#8217;s Top 20 banks</a> in 1999 by market capitalization.  In 2009, we just have 3 of the Top 20 while the Chinese went from zero to 5.</p>
<p><em>HOSTEM INVENI ET INTERFICE.</em> People, locate and destroy the enemy.</p>
<p>Jake Towne, the Champion of the Constitution</p>
<p>Note &#8211; Not sure what quant trading is? I am certainly no expert, but I now know enough to be considered &#8216;armed and dangerous.&#8217;  A free class in quant trading is <a href="http://www.classiccmp.org/transputer/finengineer/" target="_blank">available here</a>.  It&#8217;s obviously self-taught.</p>
<p><img class="alignright" style="margin: 10px 15px;" src="http://img7.imageshack.us/img7/8264/39713462.jpg" alt="me" hspace="15" vspace="10" width="146" height="168" align="right" /></p>
<p><em>Jake Towne is <a href="http://www.nolanchart.com/article6373.html" target="_blank">running for U.S. Congress</a> in Pennsylvania&#8217;s 15th District in the 2010 election as a citizen unaffiliated with any political parties.  Jake also writes at <a href="../" target="_blank">www.LibertyMaven.com</a> and <a href="http://www.campaignforliberty.com/article.php?author=3" target="_blank">www.CampaignForLiberty.com</a>.  <a href="http://www.scribd.com/doc/15909415/Jake-Towne-for-US-Congress-PA15-May-2009" target="_blank">A master campaign presentation</a> for internet viewing is available. </em><a href="mailto:jaketowne@gmail.com" target="_blank"><em><span style="text-decoration: underline;">[Reach the Author Here!]</span></em> </a></p>
<p><em><a href="http://www.facebook.com/group.php?gid=83167615682" target="_blank">An interim campaign website is here </a>while a dot com is being setup, due for release on July 15, 2009.</em></p>
<p>P.S. &#8211; <a href="http://www.youtube.com/user/TowneForCongress" target="_blank">The &#8220;Towne for Congress&#8221; Youtube Channel</a> has just opened, you can view me give a speech on &#8220;Regaining Our Individual Rights&#8221; at the local July 3rd Tea Party rally <a href="http://www.youtube.com/user/TowneForCongress" target="_blank">here</a>. <a href="http://www.nolanchart.com/article6597.html" target="_blank"> Text is here</a></p>
<p>_______________________________________________________________________</p>
<address><strong><em>We the People</em></strong><em> of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.</em></p>
<p><em>As always, unlike the NFL, the author grants full permission to allow any accounts of, rebroadcasts, retransmissions, repostings of this article to your blog or anywhere else in order to promote the Restoration of our Republic.</em></p>
<p><em>Veritas numquam perit. Veritas odit moras. <strong>Veritas vincit</strong>. Truth never perishes. Truth hates delay. Truth conquers</em>.</p>
<p><em>Tu ne cede malis sed contra audentior ito. <strong>Do not give in to evil but proceed ever more boldly against it.</strong></em></p>
</address>
<p><a href="http://www.nolanchart.com/article5069.html">Summary of Articles and Bibliography for Jake Towne, the Champion of the Constitution (7/2/2009)</a></p>
<p>__________________________________________________________________</p>
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		<title>Front Page of Yahoo Finance: Why Ron Paul is Right, We Should Audit the Fed!</title>
		<link>http://libertymaven.com/2009/07/08/front-page-of-yahoo-finance-why-ron-paul-is-right-we-should-audit-the-fed/6398/</link>
		<comments>http://libertymaven.com/2009/07/08/front-page-of-yahoo-finance-why-ron-paul-is-right-we-should-audit-the-fed/6398/#comments</comments>
		<pubDate>Wed, 08 Jul 2009 19:30:16 +0000</pubDate>
		<dc:creator>Marc Gallagher</dc:creator>
				<category><![CDATA[Activism]]></category>
		<category><![CDATA[Banking]]></category>
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		<guid isPermaLink="false">http://libertymaven.com/?p=6398</guid>
		<description><![CDATA[First MSNBC, now Yahoo Finance. Ron Paul&#8217;s move to audit the Federal Reserve gets more exposure. Much of this exposure is likely due to the antics on the Senate floor spawned by Jim DeMint trying to get an &#8220;audit the Fed&#8221; amendment tacked on to an appropriations bill yesterday.
The article is accompanied by a very [...]]]></description>
			<content:encoded><![CDATA[<p>First MSNBC, now Yahoo Finance. Ron Paul&#8217;s move to audit the Federal Reserve gets more exposure. Much of this exposure is likely due to the <a title="DeMint Audit The Fed Warrior" href="http://libertymaven.com/2009/07/06/jim-demint-audit-the-fed-senate-warrior-ally/6364/" target="_self">antics on the Senate floor</a> spawned by Jim DeMint trying to get an &#8220;audit the Fed&#8221; amendment tacked on to an appropriations bill yesterday.</p>
<p>The article is accompanied by a very interesting video where the &#8220;experts&#8221; discuss the audit and other general economic issues.</p>
<p><a title="Why Ron Paul is Right. We Should Audit The Fed" href="http://finance.yahoo.com/tech-ticker/article/275761/Why-Ron-Paul-is-Right-to-Audit-The-Federal-Reserve?tickers=XLF,GLD,SPY,DIA,TBT,TLT,^DJI&amp;sec=topStories&amp;pos=9&amp;asset=&amp;ccode=" target="_self">Check out &#8220;Ron Paul is Right. We Should Audit The Fed!&#8221; now.</a></p>
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		<title>Dead Cat Bounce</title>
		<link>http://libertymaven.com/2009/07/08/dead-cat-bounce/6397/</link>
		<comments>http://libertymaven.com/2009/07/08/dead-cat-bounce/6397/#comments</comments>
		<pubDate>Wed, 08 Jul 2009 19:25:46 +0000</pubDate>
		<dc:creator>Mike Miller</dc:creator>
				<category><![CDATA[Big Government]]></category>
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		<description><![CDATA[By John Browne, Senior Market Strategist, Euro Pacific Capital
In economics, as in many other “soft sciences,” facts are often overshadowed by theories. The dominant economic theory currently in vogue is that the massive government stimuli orchestrated by the Bush and Obama administrations would produce an economic recovery by the end of this year.
Thus, it is [...]]]></description>
			<content:encoded><![CDATA[<p><em>By John Browne, Senior Market Strategist, Euro Pacific Capital</em></p>
<p>In economics, as in many other “soft sciences,” facts are often overshadowed by theories. The dominant economic theory currently in vogue is that the massive government stimuli orchestrated by the Bush and Obama administrations would produce an economic recovery by the end of this year.</p>
<p>Thus, it is no surprise that media cheerleaders have seized on the recent steep, but thinly traded, rally to find the facts that appear to fit the theory. From where do these talking heads draw this conclusion?</p>
<p>In recent months, we have allowed for the probability that a bear market rally, driven by seemingly low price-earnings multiples, would take hold for the first half of 2009. Months ago, I had stated that the rally would reasonably last into the summer and that the Dow could reach 10,000 before the next major downturn begins.</p>
<p>In the depths of the stock market crash of 2008/9, buying opportunities certainly arose. By March 2009, stock markets appeared to have been oversold. Certainly price-earnings multiples on many stocks had been compressed to generational lows. Ignoring the fact that these low multiples were underpinned by pre-recession earnings data, investors declared a bottom.</p>
<p>However, as is the tendency with sudden declines, bargain hunters entered the market too aggressively. On relatively thin trading levels, this led to a steep rise in stock prices which, in turn, drew in investors who feared being left behind. A steep bear market rally was in place. This mirrored the pattern of the Great Depression, when the initial crash was followed by a 68 percent rally in 1930. But after that rally had fizzled, stocks then declined by an astounding 86 percent over the two subsequent years.</p>
<p>While we urged caution in this rally by highlighting, among other indicators, a 38 percent decline in corporate earnings, speculative traders made enormous profits as stock markets rose by over 40 percent. But as dismal economic statistics continue to rain on everyone&#8217;s parade, the cheers are beginning to subside. Last week, the unemployment figures were released and the Dow slid by some 223 points.</p>
<p>Now, even speculative traders are preparing for a drop. The new-found concern is due to three basic indicators:</p>
<p>First, the U.S. dollar, linchpin of all American (and most global) transactions, is appearing increasingly weak. 10-year Treasury yields, as low as 2.1 percent post-crash, and continuing to stay below 4 percent, indicate a persistent bubble in “safe” U.S. bonds and cash.      <span id="more-6397"></span></p>
<p>Certainly, the fiscal situation of the United States government doesn&#8217;t warrant the confidence placed in its debt. The U.S. will soon have to choose between outright default and hyperinflation. The BRIC countries are already preparing themselves for the latter eventuality by seeking alternatives to the dollar.</p>
<p>Second, there has been a realization that the low multiples of March 2009 were largely illusory. With corporate earnings falling faster than share prices, price-earnings ratios are still high and historically expensive for an economy in an official recession.</p>
<p>Third, employment figures have been so bleak that the financial spin-doctors have been suggesting a “jobless recovery”! Reading between the lines, that means even the most deluded forecasters cannot find an argument for hiring to resume.</p>
<p>Despite the enormous stimulus packages, there are now roughly 15 million Americans unemployed, the highest total for some 26 years. Worse still, the official figures do not include the long-term unemployed or those who have been forced to accept part-time employment. If these “unofficial” unemployed figures were included, the total would be nearer to 20 percent than the official 9.6 percent. Furthermore, annualized figures show Americans earning less for each hour worked.</p>
<p>There can be little wonder that consumers are hoarding cash, increasing their savings and not buying on Main Street. American consumers are in a state of financial shock. The U.S. economy is heading deeper into severe recession, even depression.</p>
<p>The facts are universally bearish for the American stock markets. As for the pundits&#8217; sentiments, you can measure their value by how much you personally pay for CNBC (very little) versus your cost if they&#8217;re wrong (very much). Now, there&#8217;s a statistic!</p>
<p>For a more in-depth analysis of our financial problems and the inherent dangers they pose for the U.S. economy and U.S. dollar, read Peter Schiff&#8217;s newest book &#8220;<strong><em>The Little Book of Bull Moves in Bear Markets.</em></strong>&#8221; <a href="http://rs6.net/tn.jsp?et=1102634431495&amp;s=774&amp;e=001zp55F526-ICBc8Qy9vwvfUDZS9c-tEdLk-Baw6FeR9zcxhOYo30Tufx_nRg4iwoali09IpyZOlPQzdxcyibcp1L4pnT4D-JxfqlvRmT4kj7Gw3EVDZtFc6IArGIBsTsZIQhgFWNo1vY4tu0WteH4rw==" target="_blank">Click here to order your copy now</a>.</p>
<p>For a look back at how Peter predicted our current problems read his 2007 bestseller &#8220;<strong><em>Crash Proof: How to Profit from the Coming Economic Collapse.</em></strong>&#8221; <a href="http://rs6.net/tn.jsp?et=1102634431495&amp;s=774&amp;e=001zp55F526-IAZKWvTxOpfZ3IrWR2URdgYgBK0LVZUnLW73nKlQaJF1sn54GiL91EBwn2Xusm1y_hLD_KvJS-qPsqQbMSn43j6e3ZHgONRXJSdCdBcq-tiThShuQTESy3ZLru0YSBWMeqhrEJOpBpksw==" target="_blank">Click here to order a copy today</a>.</p>
<p>More importantly, don&#8217;t wait for reality to set in. Protect your wealth and preserve your purchasing power before it&#8217;s too late. Discover the best way to buy gold at <a href="http://rs6.net/tn.jsp?et=1102634431495&amp;s=774&amp;e=001zp55F526-IDoHtzmPyfII_fOEahy3plGi1ePg5zWh8YO99__OiKRvw0jfDeGMqiUw2ejPFmNmgIoDv18hzMHkvVypO2M7uboXOxOzaCgVm-Y_NrmcBHhYw==" target="_blank">www.goldyoucanfold.com</a>. Download Euro Pacific&#8217;s free Special Report, <strong>&#8220;Peter Schiff&#8217;s Five Favorite Investment Choices for the Next Five Years&#8221;</strong>, at <a href="http://rs6.net/tn.jsp?et=1102634431495&amp;s=774&amp;e=001zp55F526-IBiKMZ3rNie9IjJMCKkRzg0ctuwJ5-AR9Yb38F-ZuwDaaqCCvQDUiIs41YPMrgbxGLg5myrQCCfIGelQMRoK4Goys9O0Znl1Zh85Hq_bu9-kqmMEy5qqTceT6NiRNKyqBAo6AeOLuFBpvN1HMqxVlub" target="_blank">http://www.europac.net/report/index_fivefavorites.asp</a>.  Subscribe to our free, on-line investment newsletter, <strong>&#8220;The Global Investor&#8221; </strong>at <a href="http://rs6.net/tn.jsp?et=1102634431495&amp;s=774&amp;e=001zp55F526-IBS-fxUD1mfMfSEIz4W1AW39QS9TTw2vMN0Ez6bbWEYbC19IXmOfPoKcxvuQ6zrwVYDhtpTvf4JFLFCnPnWsvR6RQSz091Xe1olJRSw_8Oh54UT7TU62IYcnJCCTHJEixQ_Hh5VpZCWsQ==" target="_blank">http://www.europac.net/newsletter/newsletter.asp</a>. And now watch the latest episode of Peter&#8217;s new video blog, <strong>&#8220;The Schiff Report&#8221;</strong>, at <a href="http://rs6.net/tn.jsp?et=1102634431495&amp;s=774&amp;e=001zp55F526-IDd6h0UkPLvQ4BgWbLP7ygx0pnxEebY8XdJq2DmfDHamofAMOG7Sii26qnCtNUNWErO4wvNijiEyqU-GhJORP6g2lMKqJxAK5_zuhmbV0p206vQuQWE8JIM" target="_blank">http://www.europac.net/videoblog.asp</a>.</p>
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		<title>MSNBC’s Biased Coverage of Ron Paul’s HR1207: “Following A Radical Into Battle”</title>
		<link>http://libertymaven.com/2009/07/08/msnbcs-biased-coverage-of-ron-pauls-hr1207-following-a-radical-into-battle/6389/</link>
		<comments>http://libertymaven.com/2009/07/08/msnbcs-biased-coverage-of-ron-pauls-hr1207-following-a-radical-into-battle/6389/#comments</comments>
		<pubDate>Wed, 08 Jul 2009 14:42:53 +0000</pubDate>
		<dc:creator>Marc Gallagher</dc:creator>
				<category><![CDATA[Big Government]]></category>
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		<guid isPermaLink="false">http://libertymaven.com/?p=6389</guid>
		<description><![CDATA[MSNBC publishes a rather obviously biased piece on Ron Paul&#8217;s efforts to bring transparency to the Federal Reserve through his bill HR1207. Perhaps some may not detect the obvious bias. For those allow me to quote a few phrases from the article.
His vendetta is fueled by the belief that the Federal Reserve is unconstitutional
His &#8220;belief&#8221;? [...]]]></description>
			<content:encoded><![CDATA[<p>MSNBC publishes a rather obviously biased piece on Ron Paul&#8217;s efforts to bring transparency to the Federal Reserve through his bill HR1207. Perhaps some may not detect the obvious bias. For those allow me to quote a few phrases from the article.</p>
<blockquote><p><span style="color: #993300;">His vendetta is fueled by the belief that the Federal Reserve is unconstitutional</span></p></blockquote>
<p>His &#8220;belief&#8221;? All it takes is a read of the Constitution to know that it is unconstitutional.</p>
<blockquote><p><span style="color: #993300;">It&#8217;s an amusing dissonance between the leader of the rebellion and his revolutionaries</span></p></blockquote>
<blockquote><p><span style="color: #993300;">The distrust of the Fed has reached a point at which a majority of House members are following a radical into battle.</span></p></blockquote>
<p>Using words that paint Ron Paul as a radical for actually believing in following the Constitution is the essence of the problem with America today. Fortunately, the MSNBC writer does counter his own extremist paintbrush with a bit of criticism of Obama.</p>
<blockquote><p><span style="color: #993300;">The Obama administration has offered typical platitudes about accountability but doesn&#8217;t have specifics about how it would work.</span></p></blockquote>
<p>The article ends with perhaps more of a warning than praise:</p>
<blockquote><p><span style="color: #993300;"><strong>Never underestimate Ron Paul.</strong></span></p></blockquote>
<p><a title="Ron Paul's bipartisan attack on the Fed" href="http://www.msnbc.msn.com/id/31784137/ns/business-us_business//" target="_self">Read the full article.</a></p>
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		<title>Don’t let them pass the PASS Act – It’s really the REAL ID Act</title>
		<link>http://libertymaven.com/2009/07/08/dont-let-them-pass-the-pass-act-its-really-the-real-id-act/6390/</link>
		<comments>http://libertymaven.com/2009/07/08/dont-let-them-pass-the-pass-act-its-really-the-real-id-act/6390/#comments</comments>
		<pubDate>Wed, 08 Jul 2009 14:32:05 +0000</pubDate>
		<dc:creator>Mike Miller</dc:creator>
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		<guid isPermaLink="false">http://libertymaven.com/?p=6390</guid>
		<description><![CDATA[D o w n s i z e r &#8211; D i s p a t c h
Quote of the Day: &#8220;Security is mostly superstition.&#8221; &#8212; Helen Keller
The American people have rejected the REAL ID Act, and the national ID card it would create. The politicians claim they can fix REAL ID by replacing it [...]]]></description>
			<content:encoded><![CDATA[<p><span style="color: green;"><strong>D o w n s i z e r &#8211; D i s p a t c h</strong></span></p>
<p><span style="font-family: Arial;"><strong>Quote of the Day:</strong> &#8220;Security is mostly superstition.&#8221; &#8212; Helen Keller</span></p>
<hr /><span style="font-family: Arial;">The American people have rejected the REAL ID Act, and the national ID card it would create. The politicians claim they can fix REAL ID by replacing it with something called the PASS ID, to be enacted by the PASS Act, S. 1261.</span></p>
<p><span style="font-family: Arial;">The PASS Act is a fraud. PASS ID is REAL ID by another name. Jim Harper at the Cato Institute has done a fabulous job of dissecting all the frauds involved in the PASS Act. <a href="http://www.cato-at-liberty.org/2009/07/07/does-the-pass-id-act-protect-privacy/" target="_blank">If you care about the details then we highly recommend that you read his short analysis.</a> </span></p>
<p><span style="font-family: Arial;">We&#8217;re going to focus on just one detail here. One fear about REAL ID is that you would need it to have a job, or do anything really. But what if you were denied a REAL ID because of mistaken information or some bureaucratic blunder? Think, for instance, of all the non-terrorists who have ended up on the terrorist watch list. In that case&#8230;</span></p>
<p><span style="font-family: Arial;">You would become a non-person.</span></p>
<p><span style="font-family: Arial;">To address this concern the PASS Act would enable you to access and change your own personal information. Sounds good, right, but think again&#8230; </span></p>
<p><span style="font-family: Arial;">What you can access to change, others can access to steal. </span></p>
<p><span style="font-family: Arial;">In fact, a terrorist could probably do it, and maybe even get a PASS ID with which to commit a terrorist act using your identity. </span></p>
<p><span style="font-family: Arial;">In other words, a REAL ID, or a PASS ID, which we supposedly need in order to protect us from terrorism, could actually become a tool for terrorists. </span></p>
<p><span style="font-family: Arial;">This is what happens when politicians and bureaucrats try to devise vast, complex, top-down schemes to protect us from every conceivable danger and problem. Such ambitions are utopian and ultimately harmful. </span></p>
<p><span style="font-family: Arial;">We agree with the late great Helen Keller, who again provides our quote of the day (we have used this one before, and we&#8217;ll use it again): &#8220;Security is mostly superstition.&#8221;</span></p>
<p><span style="font-family: Arial;">It&#8217;s a simple fact &#8212; the world is full of dangers, and we&#8217;ll never be rid of them all. We must focus our efforts to protect ourselves on the things that really matter. Some dangers are significant, but most are not. We assert that&#8230;</span></p>
<p><span style="font-family: Arial;">The danger posed by terrorism is probably temporary and extremely insignificant compared to other risks we face daily, like lightening strikes, automobile accidents. and warring drug gangs. By contrast&#8230; </span></p>
<p><span style="font-family: Arial;">Huge, and permanent, dangers are posed by centralized, government databases and national ID cards. Any such scheme will ensnare all of us in endless complications, many of which we cannot now imagine. </span></p>
<p><span style="font-family: Arial;"><a href="http://www.downsizedc.org/etp/campaigns/30" target="_blank">Tell your congressional employees to repeal the REAL ID Act and reject the PASS Act.</a> </span></p>
<p><span style="font-family: Arial;">Use your personal comments to point out that the drive for an electronic national ID system is inherently contradictory, because measures to protect citizens from being harmed by the system will make it easier for terrorists to exploit the system, while attempts to protect the system from terrorists will end up harming innocent citizens.     <span id="more-6390"></span></span><span style="font-family: Arial;">To exceed the 43,290 messages we sent last month we need to send at least 1,874 messages today. <a href="http://www.downsizedc.org/etp/campaigns/30" target="_blank">You can send your message at DownsizeDC.org&#8217;s &#8220;Repeal REAL ID&#8221; campaign page.</a> </span></p>
<p><span style="font-family: Arial;">Please also <a href="http://www.downsizedc.org/" target="_blank">Digg this message on our blog, so more people will see it and take action.</a> </span></p>
<p><span style="font-family: Arial;">If this issue really concerns you, <a href="http://www.downsizedc.org/etp/campaigns/77" target="_blank">please also consider taking extra action through our &#8220;I Am Not Afraid&#8221; campaign.</a> </span></p>
<p><span style="font-family: Arial;">Thank you for being a part of our growing Downsize DC Army. To see how fast we&#8217;re growing please check out the Keeping Score section below my signature. </span></p>
<p><span style="font-family: Arial;">Perry Willis<br />
Communications Director<br />
DownsizeDC.org, Inc. </span></p>
<p><span style="font-family: Arial;"><strong>KEEPING SCORE</strong></span></p>
<p><span style="font-family: Arial;">We&#8217;ve grown by 413 net new members since our last detail report. This brings us to 2,169 net new members for the year. The Downsize DC Army now stands at 26,525 &#8211; over 52% of the way from 26,000 to 27,000!</span></p>
<p><span style="font-family: Arial;"><a href="http://www.downsizedc.org/blog/personalized-recruiting" target="_blank">YOU can make the army grow even faster by following our quick and easy instructions for personalized recruiting.</a> </span></p>
<p><span style="font-family: Arial;">We can also grow faster by doing more outreach to potential DC Downsizers. Please help us do this by starting a monthly credit card pledge &#8212; it can be as low as $5 a month (which is just 17 cents per day). <a href="https://secure.downsizedc.org/contribute" target="_blank">You can start your pledge using our secure online contribution form.</a> </span></p>
<p><span style="font-family: Arial;">Please let us know if its okay to advertise your support here:</span></p>
<blockquote style="margin-right: 0px;" dir="ltr"><p><span style="font-family: Arial;">NEW MONTHLY PLEDGERS IN JULY: ONE unlisted &#8212; 1 total. FROM JUNE: Bryan L Anderson, Janet Rea, Timothy M. Dyer Jr, Kenny Harrill, Ryan Sharif, Katherine Durham, David C. Flathmann, Maggie Culver, Ginny Rober, Dwight E. Baker, David H. Abernathy, John Murphy, Jeremiah J Blanchard, SIX unlisted &#8212; 19 total</span></p></blockquote>
<p><span style="font-family: Arial;">Or, you could make a one-time donation. <a href="https://secure.downsizedc.org/contribute" target="_blank">Please let us know on our secure contribution form if its okay to advertise your support here:</a> </span></p>
<blockquote style="margin-right: 0px;" dir="ltr"><p><span style="font-family: Arial;">NEW ONE TIME DONORS IN JULY: FIVE unlisted &#8212; 5 total. FROM JUNE: Richard S. Tolleson, Sonya Thompson, Bryan Anderson, West Coile, James Sherman, Lawrence Lappin, Malin Williams, Jeffrey Taylor, Jason Pace, Kraig Clark, Autumn Browne, Victoria Pate, Patricia Barnum, Dwight E Baker, Rick Slusher, Dr. R.S. Gillinson, Edward J Krieger, Jan Berridge, EIGHT unlisted &#8212; 26 total</span></p></blockquote>
<p><span style="color: green;"><strong>D o w n s i z e r &#8211; D i s p a t c h</strong></span><br />
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