CATA Study On Federal Reserve

The CATO think-tank released a study of the the Federal Reserve.  Has The Fed Been A Failure?

CATA concludes there is a need for competition in the field of central banking, "We conclude that the need for a systematic exploration of alternatives to the established monetary system is as pressing today as it was a century ago."

Michael Scheuer

Michael Scheuer is the former head of the Bin Laden unit for the CIA. He was with the CIA for 22 years.  Michael discusses the choice of Republican candidates for President.

Senator John McCain was reading Washington’s clear warnings about the dangers of foreign intervention and the fatal impact of mindlessly favoring one country over another. To hear this from McCain’s interventionist, war-mongering, and Israel-is-always-right mouth was sound evidence of his hypocrisy and deceitfulness, as well as his and his senatorial colleagues’ ignorance of Washington’s ideas, and U.S. history in general.

Banks Profited From Secret Fed Loans

Secret loans from the Federal Reserve allowed risk-free profits by the bankers. The bank bosses took over-sized bonuses for their success at turning risk-free money into profits.

Ron Paul is right, we need a full and complete audit of the Federal Reserve.

Secret Fed Loans Helped Banks Net $13 Billion

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy.
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“TARP at least had some strings attached,” says Brad Miller, a North Carolina Democrat on the House Financial Services Committee, referring to the program’s executive-pay ceiling. “With the Fed programs, there was nothing.”
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One Of The Few Sane Voices

Think about losing 98% of your wealth. Or having 98% of your wealth stolen by the banksters.  Now consider the following.

Ron Paul is called one of the few sane voices:

One of the few sane voices for many years regarding the dangers of excessive private and public debt has been Presidential candidate Ron Paul.

Gold Could Go to ‘Infinity’ Says Presidential Candidate Ron Paul
Ron Paul gave another perceptive interview to CNBC yesterday and warned of hyperinflation and the possibility that the dollar could become worthless.
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When asked how high the gold price would go and why, he responded:
“Well, the question is how much lower is the dollar going to go in purchasing power? And I said to infinity unless we change our ways. Because if you look at the gold/dollar in 1913 when the fed started, we've lost about 98% of its value.“

Government Regulation Failed

Government financial regulation seems strict, and it effectively limits competitors. The politically well-connected receive regulation waivers, then proceed to bankrupt their companies and steal from their clients.

FINRA Gave Corzine Waiver to Run MF Global

When Jon Corzine returned to the securities business to run MF Global, he did so without requalifying or registering, as required by FINRA. Apparently FINRA waived the requirements for the former New Jersey governor, who resigned from the now-bankrupt MF Global last week.

According to a story in Forbes, a search on FINRA’s BrokerCheck failed to turn up the former head of Goldman Sachs ...

FINRA is generally insistent on the need for registration ...