Ron Paul takes on evil fed chairman Ben Bernanke. Opening Statement and Q&A.
digg it
http://digg.com/business_finance/Ron_Paul_vs_Ben_Bernanke_4
http://ronpaulnews.net/
Duration : 0:7:22
Ron Paul vs. Ben Bernanke
Posted by admin | Under Federal Reserve Thursday Oct 30, 2008Money, Banking & The Federal Reserve ( part 1 of 4 )
Posted by admin | Under Federal Reserve Wednesday Sep 24, 2008
Ludwig von Mises exposes the truth about banking, money, and the federal reserve
VISIT: http://www.soulcravings.net freeyourmind!
Duration : 0:10:32
G. Edward Griffin on the Federal Reserve System
Posted by admin | Under Federal Reserve Monday Sep 15, 2008
The author of “The Creature From Jekyll Island,” G. Edward Griffin, on the cartel structure of the Federal Reserve System and the 1910 “money trust” meeting on Jekyll Island responsible for drafting the principles of the Owners-Glass Bill/Federal Reserve Act signed into law by President Wilson. Clip from the film “FIAT EMPIRE - Why the Federal Reserve Violates the U.S. Constitution.”
“This Telly Award-winning documentary on the Federal Reserve System was inspired by the well-known book, “The Creature From Jekyll Island” by G. Edward Griffin, and features presidential candidate, RON PAUL.
To order a high-quality DVD or VHS tape (by mail) with up to 160-minutes of additional interviews, go to http://www.FiatEmpire.com/screener. To get instant downloads in a range of qualities, go to http://www.mecfilms.com/mid/ppv/ppvhome.htm and select from the “Documentaries” menu.
Find out why some feel the Federal Reserve System is a “bunch of organized crooks” and others feel its practices “are in violation of the U.S. Constitution.” Discover why experts agree the Fed is a banking cartel that benefits mainly bankers, their clients in need of easy money and a Congress that would rather increase the National Debt than raise taxes.
Produced by William L. Van Alen, Jr., the 1-hour documentary is a co-production between Matrixx Productions and Cornerstone Entertainment and features interviews by, not only G. Edward Griffin, but Congressman Ron Paul (R-Texas); MOVIEGUIDE Founder, Ted Baehr; and constitutional attorney, Edwin Vieira (4 degrees from Harvard). FIAT EMPIRE was written and directed by James Jaeger and narrated by Kris Chandler. Associate producers are Ted Pollard, author and former Commissioner of Radnor Township and James E. Ewart, well-known author of MONEY.
Use a DVD for personal screenings and a VHS tape for free public and private screenings.
For more information on FIAT EMPIRE visit http://www.FiatEmpire.com or the mirror site at http://www.mecfilms.com/fiat. For various political, economic, sociological, media-related and philosophical essays by James Jaeger and others, visit UNIVERSAL ISSUES at http://www.mecfilms.com/universe.
For new films and updates on Matrixx Entertainment’s activities, visit http://www.mecfilms.com/update.htm
A detailed 1994 lecture on the creation of Federal Reserve Act by Ed Griffin (74 mins):
http://www.futuresunltd.com/media/creature.mp3
Duration : 0:4:42
Freddie Mac and Fannie Mae “insolvent”
Posted by admin | Under Fannie Mae Friday Sep 12, 2008
Too Big to Fail, I keep hearing that phrase so often when referencing the possible collapse of Freddie Mac and Fannie Mae, despite their stock losing 87% and 79% of their value since last year.
Anyhow, some of the reports from various news outlets nearly gave me a heart-attack, I continued searching and reading for related articles, such as the excerpt from a Wall Street Journal article (1.) which states ” The liabilities of Fan and Fred are currently not on this U.S. balance sheet. But one danger is a run on the debt of either company, putting pressure on the Treasury and the Federal Reserve to publicly guarantee that debt to prevent a systemic Financial Collapse”. The commentator of the financial times states that the firms are “too big to fail”, but if they did, according to a Wall street Journal article (1.) the amount that may be burdened upon the civilian tax base is “5 trillion”, not Billion but Trillion with a Capital “T”.
Strangely, William Poole a former St. Louis Federal Reserve President has publicly lashed out on the speculation of a bail out, he states in a Bloomberg article(2 ) ” Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege , financed by the taxpayer”( in reference to Freddie Mac and Fannie Mae).
Will there be a bail out? Or are both Fannie Mae and Freddie Mac too big to fail?
Well Both Federal Reserve chairman Ben Bernanke and Treasury Secretary Henry Paulson seem to believe something great is within the mist, so much to the extent, that they are asking for congress for new regulatory powers, obviously they know something is coming up that will require drastic action. So what may be that action, after reading an article from the Mercury News (3) one can easily speculate. The articles quotes Treasury Secretary Paulson as saying ” It is clear that some institutions , if they fail , can have systemic impact, However financial players need to be disciplined in managing risk and not expect the government to fly to the rescue” . Paulson also stated ” For market discipline to effectively constrain risk, financial institutions must be allowed to fail”
It would seen that Paulson and Bernanke may simply allow these huge firms go under, but in another statement within the same article (3.) they stated ” new tools are needed for ensuring an orderly liquidation of a systemically important securities firm that is on the verge of bankruptcy”.
Rather confusing, whether they bail them out, or allow them to go under, Paulson and Bernanke have already polished the floors, in the event that either scenario should fall on the floor, both Paulson and Bernanke would claim plausible deniability. Essentially they are cleaning up after themselves beforehand.
Whatever may happen, the size of these firms will have a dramatic impact on the broader economy, regardless in which way it may sway and fall.
Enjoy !!!!!!!
1. “Price of Fannie Mae” July 10, 2008 (Pg.A14) The Wall Street Journal (Online)
WSJ.com
http://online.wsj.com/article/SB121565255349741343.html?mod=rss_opinion_main
2. Kopecki , Dawn “Fannie, Freddie Insolvent after losses , Poole says Update 1″ July 10, 2008 Bloomberg.com
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7NPAG.LEjHQ
3.Aversa, Jeannine ” Bernanke : Empower Financial Regulators ” July 10, 2008
Mercury News.com (Associated Press — Source)
http://www.mercurynews.com/breakingnews/ci_9838817
Just as I was finishing my commentary on the video with related articles, I came upon another article from the New York Times (4) titled “U.S. weighs takeover of Two mortgage giants”. Anyhow, the article mentions how Freddie Mac and Fannie Mae may “default on their loans “(No surprise there) and that the government may purchase the two firms under a “conservatorship”. Anyhow I have too much of a migraine to explain it, you are going to have to do a bit a reading for yourself — Enjoy!!!!
4.Labaton, Stephen and Weisman, Steven “U.S. weighs takeover of Two mortgage giants” July 11, 2008 New York Times NYTIMES.com
http://www.nytimes.com/2008/07/11/business/11fannie.html?sq=U.S.%20Weighs%20Takeover%20of%20Two%20Mortgage%20Giant&st=nyt&adxnnl=1&scp=1&adxnnlx=1215766899-2C63J5sHW1HuHpsV0CUpSg
Video: John Authers “Short View” July 10, 2008 FT.com
Duration : 0:2:8
Lehman Brothers’ Credit Crunch; Fannie Mae & Freddie Mac Shares Plunged To Lowest; Barclays Would Consider U.S. Wealth-Management Company
Posted by admin | Under Fannie Mae Saturday Sep 6, 2008
Lehman Brothers may write off $4 Billion in 3Q, JPMorgan Chase says; Lehamn Brothers may sell part of its investment management unit, WSJ reports; Fannie Mae & Freddie Mac shares plunged to lowest in 18 years; Barcalys would consider U.S. Weath-Management
Duration : 0:3:3
Banking Committee Chair Dodd Doesn’t Know Mortgage Rates
Posted by admin | Under Mortgage Rates Monday Aug 25, 2008
At a press conference, Sen. Chris Dodd (D-CT), chairman of the Senate Banking Committee, is asked about the home loans he got through Countrywide.
A reporter asks if he will keep the loans and Dodd mentions he doesn’t know what the mortgage rates are.
Note that this is a day before he planned to bring a bill to overhaul mortgage companies Freddie Mac and Fannie Mae.
Duration : 0:0:21
Top Ten Mistakes People Make Getting a Home Loan (excerpts)
Posted by admin | Under Home Loan Thursday Aug 21, 2008
Mortgage business owner Kyle Dawson present a seminar on theTop Ten Mistakes People Make Getting a Home Loan (excerpts).
Duration : 0:8:47
Money, Banking and the Federal Reserve
Posted by admin | Under Federal Reserve Friday Aug 15, 2008
Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.
Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.
Alan Greenspan is not, we’re told, happy about this 42-minute blockbuster. Watch it, and you’ll understand why. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie could change America.
Duration : 0:42:8
Ron Paul on Federal Reserve, banking and economy
Posted by admin | Under Federal Reserve Friday Aug 15, 2008
Excepts of Congressman Ron Paul (R-TX) from the documentary “FIAT EMPIRE - Why the Federal Reserve Violates the U.S. Constitution.” Dr. Paul discusses the origins, operations and results of the Federal Reserve System and fiat currency on the U.S. and global economy.
The entire film, Fiat Empire, can be accessed at http://www.FiatEmpire.com or directly at Google Video at http://video.google.com/videoplay?docid=5232639329002339531&hl=en
“This Telly Award-winning documentary on the Federal Reserve System was inspired by the well-known book, “The Creature From Jekyll Island” by G. Edward Griffin, and features presidential candidate, RON PAUL.
To order a high-quality DVD or VHS tape (by mail) with up to 160-minutes of additional interviews, go to http://www.FiatEmpire.com/screener. To get instant downloads in a range of qualities, go to http://www.mecfilms.com/mid/ppv/ppvhome.htm and select from the “Documentaries” menu.
Find out why some feel the Federal Reserve System is a “bunch of organized crooks” and others feel its practices “are in violation of the U.S. Constitution.” Discover why experts agree the Fed is a banking cartel that benefits mainly bankers, their clients in need of easy money and a Congress that would rather increase the National Debt than raise taxes.
Produced by William L. Van Alen, Jr., the 1-hour documentary is a co-production between Matrixx Productions and Cornerstone Entertainment and features interviews by, not only G. Edward Griffin, but Congressman Ron Paul (R-Texas); MOVIEGUIDE Founder, Ted Baehr; and constitutional attorney, Edwin Vieira (4 degrees from Harvard). FIAT EMPIRE was written and directed by James Jaeger and narrated by Kris Chandler. Associate producers are Ted Pollard, author and former Commissioner of Radnor Township and James E. Ewart, well-known author of MONEY.
Use a DVD for personal screenings and a VHS tape for free public and private screenings.
For more information on FIAT EMPIRE visit http://www.FiatEmpire.com or the mirror site at http://www.mecfilms.com/fiat. For various political, economic, sociological, media-related and philosophical essays by James Jaeger and others, visit UNIVERSAL ISSUES at http://www.mecfilms.com/universe.
For new films and updates on Matrixx Entertainment’s activities, visit http://www.mecfilms.com/update.htm
Duration : 0:9:2
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