Presented by Thomas E. Woods, Jr. at “Depression, Monetary Destruction, and the Path to Sound Money“: the Mises Circle in Greenville, South Carolina, 3 October 2009.

mises circle · monetary policy · sound money · thomas e woods

Finally, after months of waiting for a hearing on Ron Paul’s HR1207, the House Financial Services Committee will be holding a hearing at 9 a.m.EST on Friday, September 25, 2009.  This could be one of the most important hearings in the last 100 years. Every American needs to know what the Federal Reserve Bank is [...]

audit the fed · ben bernanke · federal reserve · financial service committee · hr 1207 · ron paul

An excerpt: Denial is a psychotropic, mind-altering drug that by comparison makes crack cocaine look like health food, and addiction to it shuts down the brain. America’s denial about its out-of-control spending, non-repayable debt, financial sector fraud and deceit, decadent political institutions, epic dereliction of leadership duty, fiscal and monetary immorality, and disastrously dishonest system [...]

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The Congressional Oversight Panel charged with monitoring the T.A.R.P. bailout scheme thinks more bailouts may be needed.
In case you’ve forgotten . . .
* T.A.R.P. stands for Toxic Asset Relief Program
* The T.A.R.P. was supposed to spend $700 billion buying so-called toxic assets from institutions that were supposedly too big to fail, but . . [...]

bailouts · corporate welfare · corruption · Economy · fascism