Heritage Action targets Yellen vote

Advocacy Groups Charge Michigan Banks Are Closing Muslim Customers’ Bank Accounts

Divided Senate panel approves Yellen for Fed chief

Cameron announces Sharia law finance plans for UK

Britain to become first non-Muslim country to issue Islamic bond

Sen. Paul threatens to hold Yellen nomination: Source

Why China Wants to Dump the Dollar

    Chriss W. Street at Breitbart: Having benefited for twenty years from their under-valued currency, importing manufacturing jobs, and exporting lower priced products, China’s comparative advantage is being destroyed by America’s oil and natural gas fracking boom. The Chinese communist authorities are terrified their loss of competitiveness will cause unemployment and the social consequences that flow from it. But with the terms of trade now substantially against China, convincing the world to dump the U.S. dollar as reserve currency and switch to the Chinese “renminbi” is their best hope to try to save tens of millions of manufacturing jobs.


  • Posted: 10/17/2013
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  • Category: Global: Miscellaneous
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  • Source: www.breitbart.com

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Lew: Debt limit increase not up for negotiation

The real threat to marriage | Religion News Service

What’s Behind The US Decline In Marriage? Pragmatism | Forbes

    Trevor Butterworth at Forbes: A good marriage is unrealistic given the economic stresses haunting blue collar America and especially low-income black communities: the loss of earning power and status among low and unskilled men, and large numbers in prison or engaged in drug dealing. The simple fact behind the decline of marriage in the US is economic pragmatism. “Marriage is becoming a class privilege,” said Kefalas. All the talk of recession and culture and cohabitation and education is a way of avoiding talking about the economic collapse of an entire class of American male.


  • Posted: 06/25/2013
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  • Category: Marriage & Family
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  • Source: www.forbes.com

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Greek Prostitution Soars By 150% As Youth Unempoyment Hits 75% In Some Areas

NY: Atheists seek to take god off currency

Rasmussen: 59% Say It’s No Longer Possible To Work Hard and Get Rich in U.S.

79% say gov’t spending has reduced American lifestyle

Emanuel To Banks: Stop Supporting Gun Makers

House passes ‘No Budget, No Pay,’ sends to the Senate

The Coming Debt Limit Drama: Government Wins, We Lose | Ron Paul

US Petitions SCOTUS To Rule On Judge Salary Dispute

US Mint Testing New Metals To Further Debase Coins

Steny Hoyer: The Debt Limit ‘Is Not Real’

BRICS: The World’s New Banker?

Why $16 Trillion Only Hints at the True U.S. Debt

Breakaway Unions Strike Across Argentina

Treasury Secretary Geithner: Lift Debt Limit to Infinity

Harry Reid on Raising Debt Limit to $18.794T: ‘We’ll Raise It’

Ben Bernanke: Currency Manipulator: Latin America is rightly worried about the Federal Reserve’s monetary policy.

    Wall Street Journal: In the final televised presidential debate, Mitt Romney promised that if he is elected on Nov. 6 he will “label China a currency manipulator” on “day one” of his presidency. He also pledged to pay more attention to trade with Latin America, noting that the region’s “economy is almost as big as the economy of China.” To be consistent, Mr. Romney should call out the Federal Reserve on day two for engaging in its own currency manipulation by way of “quantitative easing,” which undermines the value of the dollar relative to Latin American currencies.


  • Posted: 10/29/2012
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  • Category: Global: Miscellaneous
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  • Source: online.wsj.com

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Prison May Be the Next Stop on a Gold Currency Journey

A Glance At Government Debt In Europe

Ron Paul Won’t Endorse Romney, Cites More of Same

2012: Fed. Gov’t borrowed 31 cents of every dollar spent, debt now over $16

IMF Sees ‘Alarmingly High’ Risk of Deeper Global Slump

Violence and Protest in Iran as Currency Drops in Value

“Neither Obama nor Romney will save dollar”: Bernanke rules, but not mentioned in debate

U.S Added More Debt Monday Than From 1776 Through Pearl Harbor

Bernanke Defends Qe3, Tells Congress To Butt Out Of The Fed

    John Hayward at Human Events: This argument about saving the Fed from “politicization” is made whenever the topic of congressional oversight is broached. Some of Bernanke’s argument sounds self-refuting. If the Fed’s monetary policy is now the only thing saving us from even worse unemployment, how can we continue to treat it as an inscrutable “black box” forever insulated from the people and their representatives? We’re being told that an awfully large component of our economic engine cannot be opened by the end users, without voiding the warranty. As for Bernanke’s argument about low interest rates keeping the deficit down, the thing to remember is that he’s on the verge of losing control over those interest rates, precisely because the world’s investors (and the credit rating agencies they respect) have grown tired of watching American monetary policy used as a straitjacket to contain our insane spending habits.


  • Posted: 10/01/2012
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  • Category: Miscellaneous
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  • Source: www.humanevents.com

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U.S. Gov’t Employees Among Top Campaign Contributors to Obama; Bankers Among Top Contributors to Romney

Fed monetizing U.S. deficit is huge risk, keeps heat off President, Congress

Easy Money is Punishing the Middle Class

    Sean Fieler at the WSJ (via Google): The more than five-fold increase in the median income of the American household since 1971, to $50,000 from $9,000, certainly provides the clear appearance of progress. But after the dollar’s 82% loss of purchasing power over the same period is factored in, the median household income rose just 12%. This much more modest increase is largely the result of the growing prevalence of two-income households . . . The median real income for working men over the same 40-year period rose just 8%. And that improvement only accrued to the ever-shrinking percentage of men fortunate enough to still have full-time jobs—just 67%, according to the latest data from the Bureau of Labor Statistics, within a percentage point of the lowest level on record since the figure was first recorded in 1948.


  • Posted: 09/27/2012
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  • Category: Featured

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Harsh Words for Fed from Beijing, Seoul

Low-wage work force grows 30% as the number of jobs shrinks

U.S. free market is a myth, the structural shell of historic institutions | Ron Paul

How Quantitative Easing Helps the Rich and Soaks the Rest of Us

    NCPA Policy Digest: In the face of slow growth, the Federal Reserve has pursued another round of quantitative easing to help alleviate economic concerns. However, the Fed’s policy is simply a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy, according to Anthony Randazzo, director of economic research at the Reason Foundation.


  • Posted: 09/24/2012
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  • Category: Miscellaneous
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  • Source: www.ncpa.org

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Bernanke holds closed-door meeting with senators on fiscal cliff

    The Hill: Federal Reserve Chairman Ben Bernanke underlined his concerns about the fiscal cliff in a closed-door meeting with senators Wednesday. The head of the nation’s central bank met privately with members of the Senate Finance Committee, as he continued to make his case to lawmakers that they must adjust policy before the end of the year to avert a fiscal cliff of tax hikes and spending cuts that economists argue could thrust the nation back into a recession.


  • Posted: 09/20/2012
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  • Category: Miscellaneous
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  • Source: thehill.com

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More Americans Opting Out of Banking System

    NCPA Policy Digest: As Americans continue to deal with one of the worst recessions in history, many people are opting out of using banks and instead relying on check cashers and payday lenders. This is problematic because most Americans turn away from banks because they don’t have funds to justify the cost of keeping an account, but the alternative can result in high fees and interest rates, says the Washington Post. A study released this month had several findings about the interactions between people and their banks (or lack thereof).


  • Posted: 09/17/2012
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  • Category: Miscellaneous

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US Credit Rating Cut Again in Response to Federal Reserve “Quantitative Easing”

George Will: Resisting the monetary morphine fix

    George Will at Human Events: Fortunately, not everything is up to date in Kansas City. Esther George, president of the regional Federal Reserve Bank here, is refreshingly retrograde regarding what less-circumspect people welcome as the modernizing of the nation’s central bank into a central economic planner. She has concerns, both prudential and philosophical, about the transformation of the Fed in ways that erase the distinction between monetary policy, which is the Fed’s proper business, and fiscal policy, which is inherently political.


  • Posted: 09/13/2012
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  • Category: Miscellaneous
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  • Source: www.humanevents.com

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The Fed Goes Political

“Fed says to buy more bonds until jobs rebound”

Central Bank to Snap Up Debt, Saying, ‘Euro Is Irreversible’

US debt tops $16 trillion: So who do we owe most of that money to?

Ron Paul: How Long Will the Dollar Remain the World’s Reserve Currency?

    Ron Paul: Amazingly, a new system was devised which allowed the U.S. to operate the printing presses for the world reserve currency with no restraints placed on it– not even a pretense of gold convertibility! Realizing the world was embarking on something new and mind-boggling, elite money managers, with especially strong support from U.S. authorities, struck an agreement with OPEC in the 1970s to price oil in U.S. dollars exclusively for all worldwide transactions. This gave the dollar a special place among world currencies and in essence backed the dollar with oil. In return, the U.S. promised to protect the various oil-rich kingdoms in the Persian Gulf against threat of invasion or domestic coup. This arrangement helped ignite radical Islamic movements among those who resented our influence in the region.


  • Posted: 09/05/2012
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  • Category: Miscellaneous

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Bernanke: With Unemployment High, Fed Can Do More

The Gold Standard Goes Mainstream: Fiat Money Part of the Economic Problem

What Can Central Banks Do: U.S. Caught in Liquidity Trap

Republicans eye return to gold standard

Middle Class Sinking: -5% median income, -28% wealth

A Nation Adrift From the Rule of Law

Fight over judicial pay adjustments for inflation may reach high court again

U.S. Government’s Foreign Debt Hits Record $5.29 Trillion

Lacker Says Fed’s Power To Fix Economy Now Limited

Legalize Competing Currencies | Ron Paul

Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions

US House passes Fed audit bill; measure seen dying in Senate

House passes Ron Paul’s ‘audit the Fed’ bill

Ron Paul: Fed Policy Destroying Middle Class

Bernanke warns Ron Paul’s Fed audit bill could cause ‘nightmare scenario’

Ron Paul: Inflation is a Monetary Phenomenon

Shariah-compliant finance gaining ground in the West

How US debt risks dollar doomsday

China Challenges Dollar With Yen-yuan Deal

Time Bomb? U.S. and European Banks Pressured to Buy Government Debt

Fed Board Reflects Obama’s Influence (WSJ subscription)