Free Republic

Ron Paul's recent idea on how to ease the national debt is hardly original but none the less worthy of consideration. He has proposed what leftist critics of the status quo monetary system have been proposing for decades: that money printing should be used to fund the government. To give Ron due credit, he is not proposing exactly that. More precisely, he is proposing that the Fed should tear up a bundle of its Treasury securities, which would lower our overall debt total bringing us below the current debt ceiling. Still, the mechanics are identical, if not in reverse order....

General Motors CEO Dan Akerson said his company and his industry would be helped, not hurt, if consumers paid higher gas taxes. In an interview published in Tuesday's Detroit News, Akerson floated the idea of a $1 a gallon increase in the gas tax as a way to encourage buyers to purchase smaller, more fuel efficient cars. Greg Martin, spokesman for GM's Washington office, confirmed that the quotes reflect Akerson's and GM's view. Akerson said he would support a jump in the gas tax if it came instead of tighter fuel economy regulations that GM (GM, Fortune 500) and other...

Lawmakers have taken a step to make California more relevant in presidential politics, voting to give the state's electoral votes to the candidate who wins the national popular vote. The state Assembly passed AB459 on Thursday on a 43-18 vote, sending it to the state Senate. . . .

Amid questions about the authenticity of Obama's posted birth records raised by the registration number, a researcher has discovered a possible explanation. The Post and Email blog, which has focused on the Obama eligibility controversy, features a report by an unnamed researcher who discovered the record of a girl born the same day as the president who died a day later that could have been the source of Obama's birth certificate. The find is significant because of questions about the plausibility of the registration number indicated on the images of short-form and long-form birth certificates for the president posted on...

NEW YORK — The next big question on the federal debt limit could be whether to start selling the government’s holdings of gold at Fort Knox — and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move. The question has been ricocheting around the policy circles today. An analyst at the Heritage Foundation, Ron Utt, told the Washington Post that the gold holdings of the government are “just sort of sitting there.” He added: “Given the high price it is now, and the tremendous debt problem we now...

Fed head Ben Bernanke, at his first-ever news conference on Wednesday, slammed the door shut on any new QE3 pump-priming. The $600 billion QE2 program to purchase bonds will end on target at the end of June, and that will be that. Mr. Bernanke also suggested that the Fed’s “extended period” for the near-zero federal funds target rate could end in a couple of meetings. Perhaps these announcements suggest a bit-less-easy monetary policy. Perhaps. But Mr. Bernanke had no defense of the sinking dollar, or the inflation it brings, or the drop in middle-class living standards it causes. So it’s...

A game of 20 questions with the Fed Chairman... 1. The rescue packages in 2008-2009 were all aimed at restoring CONFIDENCE to the financial system. Yet from 2001 to 2011 the DXY is down 41.5 and gold is up 473%. Does this not equate to a loss of confidence in the US monetary system? If not how would you explain this phenomena? 2. In March of 2009 you said the ONLY reason you care about Wall Street is because of the affect it has on Main Street. You wanted to become Fed Chairmen to make things better "for the average...

WASHINGTON (Reuters) - Persistent Federal Reserve critic Representative Ron Paul plans to hold a hearing on the U.S. central bank's emergency loans to the branches of non-U.S. banks, his spokeswoman said on Saturday. "I was surprised and deeply disturbed ... to learn the staggering amount of money that went to foreign banks," Paul said in a statement. "These lending activities provided no benefit to American taxpayers, the American economy, or even directly to American banks," he said.

Economic lunacy abounds, and often the most learned, including Nobel Laureates, are its primary victims. The most recent example of economic lunacy is found in a Huffington Post article titled "The Silver Lining of Japan's Quake" written by Nathan Gardels, editor of New Perspectives Quarterly, who has also written articles for The Wall Street Journal, Los Angeles Times, New York Times and Washington Post. Mr. Gardels says, "No one -- least of all someone like myself who has experienced the existential terror of California's regular tremors and knows the big one is coming here next -- would minimize the grief,...

A company that tracks roughly half of all U.S. home loans has no right to transfer mortgages, a ruling that could significantly affect the foreclosure process nationwide, a federal bankruptcy judge concluded. Merscorp Inc, a private company known as MERS and owned by large banks and mortgage processors, cannot act as an agent of the banks that own mortgages, wrote Judge Robert Grossman of the U.S. bankruptcy court in Central Islip, New York, located on Long Island. MERS, which stands for Mortgage Electronic Registration Systems, tracks more than 60 million mortgages, and has filed thousands of foreclosure actions on behalf...

<p>Global inflation is far higher than official statistics reveal, Marc Faber, editor and publisher of the “Gloom, Boom and Doom” report told CNBC on Wednesday, with increases in the cost of living amounting to between five and eight percent in the United States and just below that in Europe.</p>

Decades of autocratic government and a lack of free elections are, of course, the main drivers of the political upheaval in Egypt. But did the sinking dollar and skyrocketing food prices trigger the massive unrest now occurring in Egypt — or the greater Arab world for that matter? In addition to Egypt, the people have taken to the streets to varying degrees in Algeria, Jordan, Libya, Morocco and Yemen. Local food riots have even broken out in rural China and other Asian locales. While the mainstream media focus on the political aspects of this turmoil, they are overlooking the impact...

<p>As we know, massive popular unrest has broken out against autocratic governments in North Africa and the Arab world. Egypt is the biggest story. But to varying degrees, the people have taken to the streets in Algeria, Jordan, Libya, Morocco, and Yemen.</p>

On March 26 North Korea sank the South Korean naval vessel Cheonan southwest of the island of Baeknyeong-do just south of the contested sea border with North Korea. This resulted in the loss of forty-six lives. North Korea denied all responsibility. On November 23 North Korea attacked the populated island of Yeonpyeong-do close to similarly contested waters. This resulted in the loss of four lives, two military and two civilian. North Korea acknowledged that it had fired artillery at the island, but blamed its action on South Korean provocations. The North Korean attack on Yeonpyenong-do came soon after North Korea had revealed “its...

Full Title: The Wall Street Pentagon Papers: Biggest Scam In World History Exposed - Are The Federal Reserve’s Crimes Too What if the greatest scam ever perpetrated was blatantly exposed, and the US media didn’t cover it? Does that mean the scam could keep going? That’s what we are about to find out.

Ireland, please drive a stake through the heart of the vampire banks which have the world by the throat. The entire controlled demolition of the Eurozone's finances can be summed up in one phrase: privatize leverage and profits, socialize losses and risk.

GUANTANAMO BAY NAVY BASE, Cuba — A military jury on Sunday gave teen terrorist Omar Khadr a 40-year prison sentence for killing an American commando in Afghanistan, but the sentence was merely symbolic — the United States already had agreed to limit Khadr's prison time to eight years, and Canada last week said it would allow Khadr to serve the bulk of his sentence there. Canada had been cagey in public about its agreement to the deal, under which Khadr pleaded guilty to war crimes. But the military judge at Khadr's trial on Sunday released an exchange of diplomatic notes...

Lunacy dims Edison's inventionAlan Levine Casa Grande Dispatch Published: Tuesday, September 21, 2010 10:33 AM MST The General Electric factory in Winchester, Va., the last major U.S. plant making standard incandescent light bulbs, is scheduled to close at the end of the month. When it does, the remaining 200 workers will lose their jobs, marking a rather ignominious end for a company that produced a product that Thomas Alva Edison gave to us and the rest of the world back in the late 1870s. This is a direct result of Al Gore’s global-warming scare tactic, which is largely responsible for...

NEW YORK -- Comic book fans will soon be getting their first glimpse at an unlikely new superhero -- a Muslim boy in a wheelchair with superpowers. The new superhero is the brainchild of a group of disabled young Americans and Syrians who were brought together last month in Damascus by the Open Hands Intiative, a non-profit organization founded by U.S. philanthropist and businessman Jay T. Snyder.

Some people cringe when nationally renowned environmental photographer Robert Dawson tells them where he's been working for much of the last year: San Jose's sewage treatment plant. As the plant's first photographer-in-residence, Dawson spent his days studying and capturing images of the plant's workers, operations and surroundings. The goal: to educate the public about the plant's importance as it enters a $1.5 billion renovation. "I've been interested in water for years," said Dawson, 60. "I think of it as a part of our shared process -- something we have in common that we depend on. It's pretty fundamental and basic....