Federal Reserve Steals From the Poor and Gives to the Rich
Ron Paul
Nov 17, 2013
Texas Straight Talk
Last Thursday the Senate Banking Committee held hearings on Janet
Yellen's nomination as Federal Reserve Board Chairman. As expected, Ms.
Yellen indicated that she would continue the Fed’s “quantitative easing” (QE) polices, despite QE’s failure to improve the economy.
Coincidentally, two days before the Yellen hearings, Andrew Huszar, an
ex-Fed official, publicly apologized to the American people for his role in QE. Mr. Huszar called QE "the greatest backdoor Wall Street bailout
of all time.”
As recently as five years ago, it would have been unheard of for a
Wall Street insider and former Fed official to speak so bluntly about
how the Fed acts as a reverse Robin Hood. But a quick glance at the
latest unemployment numbers shows that QE is not benefiting the average
American. It is increasingly obvious that the Fed’s post-2008 policies
of bailouts, money printing, and bond buying benefited the big banks and the politically-connected investment firms. QE is such a blatant
example of crony capitalism that it makes Solyndra look like a shining
example of a pure free market!
It would be a mistake to think that QE is the first time the Fed's
policies have benefited the well-to-do at the expense of the average
American. The Fed’s polices have always benefited crony capitalists and
big spending politicians at the expense of the average American.
By manipulating the money supply and the interest rate, Federal
Reserve polices create inflation and thereby erode the value of the
currency. Since the Federal Reserve opened its doors one hundred years
ago, the dollar has lost over 95 percent of its purchasing power —that’s right, today you need $23.70 to buy what one dollar bought in 1913!
As pointed out by the economists of the Austrian School, the creation of new money does not impact everyone equally. The well-connected
benefit from inflation, as they receive the newly-created money first,
before general price increases have spread through the economy. It is
obvious, then, that middle- and working-class Americans are hardest hit
by the rising level of prices......
http://the-free-foundation.org/tst11-18-2013.html
*************************************
Ron Paul
Nov 17, 2013
Texas Straight Talk
Last Thursday the Senate Banking Committee held hearings on Janet
Yellen's nomination as Federal Reserve Board Chairman. As expected, Ms.
Yellen indicated that she would continue the Fed’s “quantitative easing” (QE) polices, despite QE’s failure to improve the economy.
Coincidentally, two days before the Yellen hearings, Andrew Huszar, an
ex-Fed official, publicly apologized to the American people for his role in QE. Mr. Huszar called QE "the greatest backdoor Wall Street bailout
of all time.”
As recently as five years ago, it would have been unheard of for a
Wall Street insider and former Fed official to speak so bluntly about
how the Fed acts as a reverse Robin Hood. But a quick glance at the
latest unemployment numbers shows that QE is not benefiting the average
American. It is increasingly obvious that the Fed’s post-2008 policies
of bailouts, money printing, and bond buying benefited the big banks and the politically-connected investment firms. QE is such a blatant
example of crony capitalism that it makes Solyndra look like a shining
example of a pure free market!
It would be a mistake to think that QE is the first time the Fed's
policies have benefited the well-to-do at the expense of the average
American. The Fed’s polices have always benefited crony capitalists and
big spending politicians at the expense of the average American.
By manipulating the money supply and the interest rate, Federal
Reserve polices create inflation and thereby erode the value of the
currency. Since the Federal Reserve opened its doors one hundred years
ago, the dollar has lost over 95 percent of its purchasing power —that’s right, today you need $23.70 to buy what one dollar bought in 1913!
As pointed out by the economists of the Austrian School, the creation of new money does not impact everyone equally. The well-connected
benefit from inflation, as they receive the newly-created money first,
before general price increases have spread through the economy. It is
obvious, then, that middle- and working-class Americans are hardest hit
by the rising level of prices......
http://the-free-foundation.org/tst11-18-2013.html
*************************************
TSA Behavior Profiling Not
Effective, GAO Report Finds
By John Parkinson
@jparkABC
Nov 13, 2013 2:25pm
Behavioral screening at airports across the county has wasted up to
$1 billion since 2007 and cannot be proven effective, according to the
Government Accountability Office.
GAO released its reporton the Transportation Security Administration’sScreening of Passengers by Observation Techniques program, also known
as SPOT, where agents profile cagey looking people and engage them in
conversation in an attempt to determine whether they are up to no good.
The report found that the available evidence and data show that the
program cannot be proven effective and that profiling is “probably no
better than chance.”
Last May, The Department of Homeland Security Inspector General
released a report on SPOT that also found the program is tough to prove
effective.
“The report released today by GAO displays what I have been saying
for years – that TSA’s Screening of Passengers by Observation Techniques program is fundamentally flawed, cannot be proven effective, and should no longer be funded with taxpayer dollars,” Rep. Bennie Thompson,
D-Miss., said in a statement today.
The House Subcommittee on Transportation Security will hold a hearing Thursday to question GAO officials and TSA Administrator John Pistole
about the report. The hearing will also examine the “initial lessons”
learned from the shooting at LAX on November 1.
“In the wake of last week’s tragic shooting at LAX, we have a
responsibility to re-examine existing TSA security policies and
programs, in order to identify practical, risk-based steps that can be
taken to strengthen coordination between local law enforcement and TSA,
and to prioritize security measures more effectively,” Richard Hudson,
the subcommittee chairman, said in a statement today. “The
Subcommittee’s hearing on TSA’s Screening of Passengers by Observation
Techniques (SPOT)......
video:http://abcnews.go.com/blogs/politics/2013/11/tsa-behavior-profiling-not-effective-gao-report-finds/
By John Parkinson
@jparkABC
Nov 13, 2013 2:25pm
Behavioral screening at airports across the county has wasted up to
$1 billion since 2007 and cannot be proven effective, according to the
Government Accountability Office.
GAO released its reporton the Transportation Security Administration’sScreening of Passengers by Observation Techniques program, also known
as SPOT, where agents profile cagey looking people and engage them in
conversation in an attempt to determine whether they are up to no good.
The report found that the available evidence and data show that the
program cannot be proven effective and that profiling is “probably no
better than chance.”
Last May, The Department of Homeland Security Inspector General
released a report on SPOT that also found the program is tough to prove
effective.
“The report released today by GAO displays what I have been saying
for years – that TSA’s Screening of Passengers by Observation Techniques program is fundamentally flawed, cannot be proven effective, and should no longer be funded with taxpayer dollars,” Rep. Bennie Thompson,
D-Miss., said in a statement today.
The House Subcommittee on Transportation Security will hold a hearing Thursday to question GAO officials and TSA Administrator John Pistole
about the report. The hearing will also examine the “initial lessons”
learned from the shooting at LAX on November 1.
“In the wake of last week’s tragic shooting at LAX, we have a
responsibility to re-examine existing TSA security policies and
programs, in order to identify practical, risk-based steps that can be
taken to strengthen coordination between local law enforcement and TSA,
and to prioritize security measures more effectively,” Richard Hudson,
the subcommittee chairman, said in a statement today. “The
Subcommittee’s hearing on TSA’s Screening of Passengers by Observation
Techniques (SPOT)......
video:http://abcnews.go.com/blogs/politics/2013/11/tsa-behavior-profiling-not-effective-gao-report-finds/
**************************************
Thousands protest press credibility in march against
mainstream media
November 17, 2013 07:45
RT News/ Liberty Crier
Thousands of people in the UK and US united in their
rejection of mainstream media in a mass protest. Protesters targeted the headquarters of media giants like Fox News, the BBC and NBS, decrying
their narrow coverage of world affairs.
The March Against Mainstream Media (MAMM) organized the international protest via social media and challenged the established media to cover it.
In a statement posted on the MAMM website, the organization said big media outlets had two options: “report on the fact that thousands of people are currently protesting outside of their buildings because they are keeping important news from the public’s eyes,” or ignore them.
Image from facebook.com @MarchAgainstMainstreamMedia
Across America people turned out brandishing banners, condemning established news channels.
“Boycott the media!” one banner read in High Point California, while in Kansas city supporters of the movement wearing Anonymous masks delivered the message “America deserves the truth!”
A recurrent theme that cropped up a number of times in the US protests was the media’s coverage of the stricken nuclear plants in Fukushima Japan that were damaged in the 2010 earthquake-triggered tsunami.
"The radiation from that plant is going to reach us and affect us, not just in California but worldwide. How is it going to affect us, how is it going to affect our water, our food supply, and our way of life?" said one protester to KMPH Fox 24.
Meanwhile in London, supporters of the anti-establishment movement gathered outside the offices of the BBC in a sit-in-style protest.
Jet Barnett, one of the organizers of MAMM spoke to RT and said the march was a sign that people were beginning to look for their news in alternative media.
“We want mainstream media to listen, to let them know that the people are finally coming together and influence them to make a change,” said Barnett to RT, adding that the organization is fighting to restore journalist integrity.
Confidence in US mainstream media has been declining sharply over the past couple of years with only 44 percent of Americans trusting mass media, according to a Gallup poll in September. The figures for this year are a slight improvement on 2012 when the survey saw trust in the media fall to a record low of 40 percent........
http://rt.com/news/march-against-mainstream-media-848/
November 17, 2013 07:45
RT News/ Liberty Crier
Thousands of people in the UK and US united in their
rejection of mainstream media in a mass protest. Protesters targeted the headquarters of media giants like Fox News, the BBC and NBS, decrying
their narrow coverage of world affairs.
The March Against Mainstream Media (MAMM) organized the international protest via social media and challenged the established media to cover it.
In a statement posted on the MAMM website, the organization said big media outlets had two options: “report on the fact that thousands of people are currently protesting outside of their buildings because they are keeping important news from the public’s eyes,” or ignore them.
Image from facebook.com @MarchAgainstMainstreamMedia
Across America people turned out brandishing banners, condemning established news channels.
“Boycott the media!” one banner read in High Point California, while in Kansas city supporters of the movement wearing Anonymous masks delivered the message “America deserves the truth!”
A recurrent theme that cropped up a number of times in the US protests was the media’s coverage of the stricken nuclear plants in Fukushima Japan that were damaged in the 2010 earthquake-triggered tsunami.
"The radiation from that plant is going to reach us and affect us, not just in California but worldwide. How is it going to affect us, how is it going to affect our water, our food supply, and our way of life?" said one protester to KMPH Fox 24.
Meanwhile in London, supporters of the anti-establishment movement gathered outside the offices of the BBC in a sit-in-style protest.
Jet Barnett, one of the organizers of MAMM spoke to RT and said the march was a sign that people were beginning to look for their news in alternative media.
“We want mainstream media to listen, to let them know that the people are finally coming together and influence them to make a change,” said Barnett to RT, adding that the organization is fighting to restore journalist integrity.
Confidence in US mainstream media has been declining sharply over the past couple of years with only 44 percent of Americans trusting mass media, according to a Gallup poll in September. The figures for this year are a slight improvement on 2012 when the survey saw trust in the media fall to a record low of 40 percent........
http://rt.com/news/march-against-mainstream-media-848/
************************************
Siri, What Are Your Political Views? Answer: Ron Paul!
November 18, 2013
Liberty Crier
When asked what it’s political views are, the Siri Application displays the Ron Paul Wikipedia page.
http://libertycrier.com/siri-political-views-answer-ron-paul/?utm_source=The+Liberty+Crier&utm_campaign=ebbdd5cb77-The_Liberty_Crier_Daily_News_11_18_2013&utm_medium=email&utm_term=0_600843dec4-ebbdd5cb77-284711157
November 18, 2013
Liberty Crier
When asked what it’s political views are, the Siri Application displays the Ron Paul Wikipedia page.
http://libertycrier.com/siri-political-views-answer-ron-paul/?utm_source=The+Liberty+Crier&utm_campaign=ebbdd5cb77-The_Liberty_Crier_Daily_News_11_18_2013&utm_medium=email&utm_term=0_600843dec4-ebbdd5cb77-284711157
*************************************
Ron Paul With John Stossel: Are Libertarians The Future Of
The GOP?
November 18, 2013
Liberty Crier
Is this America’s Libertarian Era? For the first time, several libertarians are
members of Congress, and more Americans say they want government “to do
less.” Former presidential candidate Ron Paul did more than most anyone to get Americans interested in liberty. He says libertarians might be
the future of the GOP.
http://libertycrier.com/ron-paul-john-stossel-libertarians-future-gop/?utm_source=The+Liberty+Crier&utm_campaign=ebbdd5cb77-The_Liberty_Crier_Daily_News_11_18_2013&utm_medium=email&utm_term=0_600843dec4-ebbdd5cb77-284711157
November 18, 2013
Liberty Crier
Is this America’s Libertarian Era? For the first time, several libertarians are
members of Congress, and more Americans say they want government “to do
less.” Former presidential candidate Ron Paul did more than most anyone to get Americans interested in liberty. He says libertarians might be
the future of the GOP.
http://libertycrier.com/ron-paul-john-stossel-libertarians-future-gop/?utm_source=The+Liberty+Crier&utm_campaign=ebbdd5cb77-The_Liberty_Crier_Daily_News_11_18_2013&utm_medium=email&utm_term=0_600843dec4-ebbdd5cb77-284711157
"The hottest places in hell are reserved for those who
in times of great
moral crises maintain their neutrality" -Dante Alighieri
moral crises maintain their neutrality" -Dante Alighieri
They who watch while our elected officials are ravaging our
country
should consider that...Vin
should consider that...Vin
Join The Fight - Expose Globalism and The New World Order
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