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Re: Not on the Nine O'Clock News

Postby pennymachines » Thu Sep 18, 2008 12:23 am

The Republican Presidential candidate the mainstream media chose to ignore.

In The Day Today's biting satire on TV news a correspondent is asked to sum up a constitutional crisis in a word... a sound. Trouble is, as we see below, it's difficult to mock something as dumb as TV journalism.

His campaign raised record money from grass-roots internet support. As he said, the polls weren't accurate - voters were selectively excluded, there was massive spamming of the ballot boxes and many other tricks used to skew the results. Nevertheless, 81% voted for him in the Alabama Straw Poll.



Footage Fox News edited out from the Presidential debates. Later he was excluded from the debates.



He wins the audience poll but the media pundits don't like it.



Speaking against the war in Iraq before it was launched.



Predicting a major economic worldwide crisis a year before it occurred. Actually, he has warned about it for years.



Quizzing the chairman of the Federal Reserve



Challenging U.S. "interference" in Georgia.




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Re: Not on the Nine O'Clock News

Postby pennymachines » Thu Sep 18, 2008 3:30 pm

"Banks lend by creating credit. They create the means of payment, out of nothing." - Ralph M. Hawtery (Former Secretary of the British Treasury)

"The modern banking system manufactures money out of nothing. The process is, perhaps, the most, astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint, and un-mint the modern ledger-entry currency." - Major L. L. B. Angus

"Banking was conceived in iniquity and born in sin. Bankers own the earth; take it away from them but leave them with the power to create credit; and, with a flick of a pen, they will create enough money to buy it back again. Take this power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this world would be a happier and better world to live in. But if you want to be slaves of bankers and pay the cost of your own slavery, then let the bankers control money and control credit." - Sir Josiah Stamp, Director, Bank of England, c. 1940 (the second richest man in Britain at the time - was killed).

"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power should be taken from the banks, and restored to the people to whom it properly belongs." - Thomas Jefferson, 3rd US President.

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it (p15). The process by which banks create money is so simple that the mind is repelled." - John Kenneth Galbraith, Money: Whence it came, where it went - 1975, p29

The Money Masters
3 1/2 hour non-fiction, historical documentary (originally aired on PBS).
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Re: Not on the Nine O'Clock News

Postby operator bell » Mon Sep 22, 2008 2:32 am

Quotations from some hundred-year-old book nobody's ever heard of -

"Not a single announcement will reach the public without our control. Even now this is already being attained by us inasmuch as all news items are received by a few agencies, in whose offices they are focused from all parts of the world. These agencies will then be entirely ours and will give publicity only to what we dictate to them.. . through the means of that so-called 'Great Power', the press, which, with a few exceptions that may be disregarded, is already entirely in our hands. . . We shall deal with the press in the following way: . . . we shall saddle and bridle it with a tight curb . . . We shall have a sure triumph over our opponents since they will not have at their disposition organs of the press . . ."

"On the ruins of the natural and genealogical aristocracy . . . we have set up the aristocracy of our educated class headed by the aristocracy of money. The qualifications of this aristocracy we have established in wealth, which is dependent upon us, and in knowledge. . . It is this possibility of replacing the representatives of the people which has placed them at our disposal, and, as it were, given us the power of appointment . . ."

"In the near future we shall establish the responsibility of presidents . . . Independently of this we shall invest the president with the right of declaring a state of war. . . . The president will. at our discretion, interpret the sense of such of the existing laws as admit of various interpretation; he will further annul them when we indicate to him the necessity to do so, besides this, he will have the right to propose temporary laws, and even new departures in the government constitutional working, the pretext both for the one and the other being the requirements for the supreme welfare of the state. . ."


Control of the Press? Power of appointment? Telling the Most Powerful Man In The World what to do? Yeah, right! That would mean nobody could get elected without these mysterious peoples' say-so. Surely nothing like that could ever happen. The book must be a forgery, clearly.

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Re: Not on the Nine O'Clock News

Postby pennymachines » Thu Sep 25, 2008 1:19 am

Sadly, I think it must be apparent now, even to those not paying much attention, that momentous decisions with the most profound consequences for Americans and the rest of the world are out of the hands of elected officials. Bush, McCain and Obama look like rabbits in the headlights as they wait for their speech writers to come up with some way of announcing presidentially their approval of exactly what the money-lenders demand.

Although Ron Paul was ignored/mocked by mainstream media during his presidential candidacy, he's getting much more air-time now he's stepped out of the race.






Talking about the banks' role on the American political power structure and predicting recession and financial meltdown during his first presidential campaign in 1988.
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Ron Paul advisor Peter Schiff on Glenn Beck's show, 15/09/2008



Article I Section 8 of the US Constitution:
"The Congress shall have power to... coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures"

Ron Paul's desire to reinstate that power by dissolving the Federal Reserve is both radical and constitutional. It is these ideas that guaranteed his censorship in the media and presidential debates during the primaries. Fractional reserve money lending controlled by private central bankers is as incompatible with democracy as a privately owned judiciary or a corporate, profit-driven government - which is exactly what it produces.
Wednesday, September 24, 2008
Dear Friends,

Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.

The events of the past week are no exception.

The bailout package that is about to be rammed down Congress' throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich. It's bailing out the financiers, the banks, the Wall Streeters."
That describes the current bailout package to a T. And we're being told it's unavoidable.

The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences - predictable, that is, to those who understand sound, Austrian economics - are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!

• The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.

• Financial institutions are "designated as financial agents of the Government." This is the New Deal to end all New Deals.

• Then there's this: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.

There goes your country.

Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don't make me laugh.

Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind - another example of the big choice we're supposedly presented with this November: yes or yes. Now, with a backlash brewing, they're not quite sure what their views are. A sad display, really.

Although the present bailout package is almost certainly not the end of the political atrocities we'll witness in connection with the crisis, time is short. Congress may vote as soon as tomorrow. With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.

The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our government and media have been bought and paid for? Do we care that average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care?

When the chips are down, will we stand up and fight, even if it means standing up against every stripe of fashionable opinion in politics and the media?

Times like these have a way of telling us what kind of a people we are, and what kind of country we shall be.

In liberty,

Ron Paul

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Re: Not on the Nine O'Clock News

Postby pennymachines » Sat Sep 27, 2008 9:49 pm

Another voice in the wilderness?
Marcy Kaptur, currently the most senior woman in Congress and in the House of Representatives, attacks Bush's bailout plan.


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Re: Not on the Nine O'Clock News

Postby pennymachines » Mon Sep 29, 2008 11:29 am

Another voice of defiance from Chairman of the Republican House Policy Committee, Thad McCotter


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Re: Not on the Nine O'Clock News

Postby pennymachines » Tue Sep 30, 2008 12:30 am

Max Keiser compares the collapse of the US banking system to the controlled demolition of WTC 7.



"Not a dime's worth of difference between the two parties"



Ron Paul reacts to the vote against the bailout


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Re: Not on the Nine O'Clock News

Postby pennymachines » Thu Oct 02, 2008 12:36 am

Why people should be angry about more than just the proposed $700 billion bailout of Wall Street


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Re: Not on the Nine O'Clock News

Postby operator bell » Thu Oct 02, 2008 9:00 pm

As one of the poor sods required to contribute generously to the "Save the Speculators Fund", Ron Paul speaks for me.
The Daily Reckoning PRESENTS: At least one member of the U.S. House of Representatives is keeping his wits about him, our old friend Ron Paul. Read on...

THE AUSTRIAN SCHOOL AND THE MELTDOWN
by Dr. Ron Paul

The financial meltdown the economists of the Austrian School predicted has arrived.

We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy – all the capital misallocation, all the malinvestment – and prevent the market’s attempt to re-establish rational pricing of houses and other assets.

[On September 25] the president addressed the nation about the financial crisis. There is no point in going through his remarks line by line, since I’d only be repeating what I’ve been saying over and over – not just for the past several days, but for years and even decades.

Still, at least a few observations are necessary.

The president assures us that his administration “is working with Congress to address the root cause behind much of the instability in our markets.” Care to take a guess at whether the Federal Reserve and its money creation spree were even mentioned?

We are told that “low interest rates” led to excessive borrowing, but we are not told how these low interest rates came about. They were a deliberate policy of the Federal Reserve. As always, artificially low interest rates distort the market. Entrepreneurs engage in malinvestments – investments that do not make sense in light of current resource availability, that occur in more temporally remote stages of the capital structure than the pattern of consumer demand can support, and that would not have been made at all if the interest rate had been permitted to tell the truth instead of being toyed with by the Fed.

Not a word about any of that, of course, because Americans might then discover how the great wise men in Washington caused this great debacle. Better to keep scapegoating the mortgage industry or “wildcat capitalism” (as if we actually have a pure free market!).

Speaking about Fannie Mae and Freddie Mac, the president said: “Because these companies were chartered by Congress, many believed they were guaranteed by the federal government. This allowed them to borrow enormous sums of money, fuel the market for questionable investments, and put our financial system at risk.”

Doesn’t that prove the foolishness of chartering Fannie and Freddie in the first place? Doesn’t that suggest that maybe, just maybe, government may have contributed to this mess? And of course, by bailing out Fannie and Freddie, hasn’t the federal government shown that the “many” who “believed they were guaranteed by the federal government” were in fact correct?

Then come the scare tactics. If we don’t give dictatorial powers to the Treasury Secretary “the stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet.” Left unsaid, naturally, is that with the bailout and all the money and credit that must be produced out of thin air to fund it, the value of your retirement account will drop anyway, because the value of the dollar will suffer a precipitous decline. As for home prices, they are obviously much too high, and supply and demand cannot equilibrate if government insists on propping them up.

It’s the same destructive strategy that government tried during the Great Depression: prop up prices at all costs. The Depression went on for over a decade. On the other hand, when liquidation was allowed to occur in the equally devastating downturn of 1921, the economy recovered within less than a year.

The president also tells us that Senators McCain and Obama will join him at the White House today in order to figure out how to get the bipartisan bailout passed. The two senators would do their country much more good if they stayed on the campaign trail debating who the bigger celebrity is, or whatever it is that occupies their attention these days.

F.A. Hayek won the Nobel Prize for showing how central banks’ manipulation of interest rates creates the boom-bust cycle with which we are sadly familiar. In 1932, in the depths of the Great Depression, he described the foolish policies being pursued in his day – and which are being proposed, just as destructively, in our own:

Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion.

To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection – a procedure that can only lead to a much more severe crisis as soon as the credit expansion comes to an end... It is probably to this experiment, together with the attempts to prevent liquidation once the crisis had come, that we owe the exceptional severity and duration of the depression.

The only thing we learn from history, I am afraid, is that we do not learn from history.

The very people who have spent the past several years assuring us that the economy is fundamentally sound, and who themselves foolishly cheered the extension of all these novel kinds of mortgages, are the ones who now claim to be the experts who will restore prosperity! Just how spectacularly wrong, how utterly without a clue, does someone have to be before his expert status is called into question?

Oh, and did you notice that the bailout is now being called a “rescue plan”? I guess “bailout” wasn’t sitting too well with the American people.

The very people who with somber faces tell us of their deep concern for the spread of democracy around the world are the ones most insistent on forcing a bill through Congress that the American people overwhelmingly oppose. The very fact that some of you seem to think you’re supposed to have a voice in all this actually seems to annoy them.

I continue to urge you to contact your representatives and give them a piece of your mind. I myself am doing everything I can to promote the correct point of view on the crisis. Be sure also to educate yourselves on these subjects – the Campaign for Liberty blog is an excellent place to start. Read the posts, ask questions in the comment section, and learn.

H.G. Wells once said that civilization was in a race between education and catastrophe. Let us learn the truth and spread it as far and wide as our circumstances allow. For the truth is the greatest weapon we have.

In liberty,

Ron Paul
for The Daily Reckoning

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Re: Not on the Nine O'Clock News

Postby pennymachines » Sat Oct 04, 2008 12:22 am

Depression guaranteed - as predicted, and against the loudly expressed will of the people they were elected to serve, the misleadingly-named House of Representatives pass the bailout and Bush signs it into law.
Another word from the gentleman from Texas who to this day cannot be given air time on UK TV.



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