Abolish Federal Reserve Act The Federal Reserve refers to the rate at which private banks borrow money from each other or from the Federal Reserve in order to meet their reserve requirements for making loans, set 10 cents in reserve for every dollar they loan. By lowering the rate to zero, the Feds are essentially handing out free money to bankers, saying: Take this bag of cash. Use it for loans or whatever you want, it doesn't matter what interest rate you charge; you're guaranteed a profit. The Feds are only interested in ensuring the future of the current system of debt - and the profits of its fellow private bankers. ...more

January 14, 2009

If the FDA regulated the media, it would require all stories about the economy to carry this warning: "Dizziness and pangs of existential angst may result. Do not read if you suffer from gloominess or are prone to bouts of anxiety. If you are near retirement age or work in the auto industry, consult with a physician before reading." ...more

January 1, 2009