Free Republic

The primary reason America is in trouble is that the value of assets are secured with and denominated by fiat currency. Fiat currency needs no collateral as security. Fiat currency is backed only by faith. If you believe it is worth exchanging your valuable productivity for, than you will make that trade. If you do not believe it, you won’t. Fiat economies explode the size of government, foster socialism, destroy savings through guaranteed inflation, and leave equities at certain risk of deflation collapse when there is not enough productivity left to support it’s predecessor, inflation bloat. In our present system, ...

In 1933, Franklin D. Roosevelt issued an executive order demanding that any American holding gold turn it over to the banks, which would then hand it over to the government. Now, in 1999, a Federal Reserve official has floated the idea of doing the same thing (in effect) to paper dollars. It's proof that economic ignorance and disregard for liberty is boundless among our monetary regulators. The New Dealers theorized that gold hoarding was preventing economic recovery. If people would stop stuffing their incomes in their mattresses, and instead spend it on goods and services, the economy would start to ...

  February 8, 2000. The Greatest Con: The Rubin Dollar When Robert Rubin resigned last year as Secretary of the Treasury, the question in Washington was whether he had been the greatest secretary since Alexander Hamilton or just the greatest ever. As Rubin himself noted, the last treasury secretary to retire to such praise was Andrew Mellon, who served from 1921 to 1932, when he was appointed U.S. Ambassador to Britain. My guess is that history will judge Mr. Rubin rather more harshly than Mr. Mellon, and at the other end of the scale from the man who purged ...

LONDON - U.S., British and Russian investigators have told USA TODAY there is "strong evidence" that 780 Russian officials used a bond-selling scheme to transfer billions of dollars out of the country last year, beginning just 72 hours after the International Monetary Fund (IMF) deposited a $4.8 billion loan into Russia's Central Bank. The list includes high-ranking current and former officials such as former deputy prime minister Anatoly Chubais, architect of Russia's privatization after the 1991 fall of communism, and former foreign minister Andrei Kozyrev. Both deny any wrongdoing. The accusations are part of a probe by U.S., British ...

The Mob On Wall Street A three-month investigation reveals that organized crime has made shocking inroads into the small-cap stock market In the world of multimedia components, Phoenix-based SC&T International Inc. has carved out a small but significant niche. SC&T's products have won raves in the trade press, but working capital has not always been easy to come by. So in December, 1995, the company brought in Sovereign Equity Management Corp., a Boca Raton (Fla.) brokerage, to manage an initial public offering. ''We thought they were a solid second- or third-tier investment bank,'' says SC&T Chief Executive James L. Copeland. ...

$3,400,000,000,000 Of Taxpayers' Money Is Missing THE WASHINGTON TIMES By August Gribbin April, 1999 GOVERNMENT CAN'T BALANCE BOOKS The U.S. Government can't balance its books and can't properly explain how it spent $1.8 trillion last year or account for $1.6 trillion in such assets as parks, buildings, missile launchers, tanks and paper clips. That's $1,800,000,000,000 in dollars and $1,6000,000,000,000 worth of things--a grand total of $3,4000,000,000,000. The upshot is that, "once again, billions of taxpayer dollars were lost to waste, fraud and mismanagement," says Rep. Steve Horn, California Republican. Mr. Horn, chairman of the House government reform and oversight subcommitte ...

Russbacher: [D]o you know what we can do with that? We can take an S&L with a very decent deposit rates, a good ratio of loans outstanding, and amortizations over a period of years, then go back to the Fed and borrow seven-to-one for every deposit dollar. Horvat: OK, now explain-yeah, you were talking about that before- Russbacher: Seven-to-one. Horvat: Seven-to-one. Russbacher: On my credit rating, I create my own because I call up Dun and Bradstreet and make my own credit rating. Horvat: OK, so you've created this great credit rating, and you have a certain amount of funding, ...

Rothschild Brothers, Bankers, London, June 25th, 1863 Messrs. Ikleheimer, Morton, and Vandergould, No. 3 Wall St., New York, U.S.A. Dear Sir: A Mr. John Sherman has written us from a town in Ohio, U.S.A., as to the profits that may be made in the National Banking business under a recent act of your Congress, a copy of which act accompanied his letter. Apparently this act has been drawn upon the plan formulated here last summer by the British Bankers Association and by the Association recommended to our American friends as one that if enacted into law, would prove highly profitable ...

The Real Story of the Money-Control Over America bySheldon Emry This study on money is not copyrighted. It may be reproduced in whole or in part for the purpose of helping the American people. If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered. - Thomas Jefferson Americans, living in what is called the ...

Ulysses S. Grant will make an appearance today at an Atlantic City, N.J., casino when officials from the U.S. Treasury, Federal Reserve and U.S Secret Service introduce cash-handlers to the newly redesigned $50 bill to be issued this fall. The venue was chosen to highlight security measures on the new bill, which is to be released Sept. 28, to a group of people more likely than many Americans to see $50 notes on a regular basis. Grant probably won't feel too out of place: The Civil War general and U.S. president was a notoriously poor businessman who once invested in...

Ninety years ago today a very small group of Senators and Congressmen (most had already gone home for the Christmas recess) flushed the US Constitution down the drain. It was at that point that they started stripping future Americans of the wealth.

I have come across, (in the Japanese language), the directing of Japanese in Japan (foreign nationals/small contributions) to stateside contribution websites for the HOWARD DEAN FOR PRESIDENT campaign.The Japanese site is located located at:http://web.sfc.keio.ac.jp/~lune1978/mt/archives/000218.htmlThe post is from mid-August, but is still up. You will need a font/browser and Japanese language comprehension capabilities to understand the solicitation. This report follows research provided to FREE REPUBLIC in August 2003 [ http://www.freerepublic.com/focus/f-news/953876/posts ] also exposing the DENNIS KUCINICH campaign (which is still openly soliciting in Japanese FOREIGN CAMPAIGN CONTRIBUTIONS), on the internet in Japan. This also follows Matt Drudge's recent expose on...

(You will need a browser with Japanese font capability, and ability to comprehend written Japanese) As a FReeper Researcher, I have just come across a JAPANESE organization, based on an overseas JAPANESE website, in JAPANESE, that is encouraging foreigners to contribute money to and assist the "Campaign for American President Dennis Kucinich".The URL of the activity was located at:http://www.peace2001.org/ The organization is called "Global Peace Campaign" located in Japan. It is part of an umbrella of socialist and communist organizations opposing US efforts in Iraq, it supports North Korea, and is aligned with the usual communist movements.The website has...

CAMPAIGN CASH RACE TURNS INTERNATIONAL; MOVEON.ORG CENTER OF INTRIGUE; CLARK SEEKS CANADIAN SUPPORT, WEBSITE SHOWS Frustrated with the lack of domestic support, left-leaning website moveon.org has apparently been reaching beyond American borders to generate cash revenue over the Internet! The provocative international fundraising strategy threatens to embroil the presidential candidacy of General Wesley Clark and former Vermont Governor Howard Dean. Both men are named on international fundraising websites suggesting donations to moveon.org... Moveon.org, which has been running ads critical of the Bush Administration, has named an "International Campaigns Director." It is not clear how much money has been raised from...

Brussels considers imposing currency controls By Ambrose Evans-Pritchard in Brussels (Filed: 04/12/2003) The European Commission is examining the legal basis for 1970s-style exchange controls to stop the euro surging to destructive levels. A team working for Pedro Solbes, economics commissioner, claims Brussels may lawfully impose "quantitative restrictions" on capital inflows, clearing the way for a crisis response if the dollar continues to fall. The document, drafted last month on the orders of Mr Solbes's director-general, Klaus Regling, concludes: "Should extremely disturbing capital movements endanger the operation of economic and monetary union, Article 59 EC provides for the possibility to adopt...

ASHINGTON, Dec. 24 — The Bush administration asked Congress today to approve another increase in the limit on national debt, saying it will run out of the authority to borrow money by late February. The deputy Treasury secretary, Kenneth W. Dam, in a letter to the House speaker, J. Dennis Hastert, cited the cost of combating terrorism and the economic slowdown for the government's growing indebtedness. The federal government, which enjoyed a budget surplus as recently as two years ago, had a shortfall of $157 billion this year and is expected to have a larger one in 2003. Congress raised...

<p>NEW YORK (CNN/Money) - Imagine opening your wallet and seeing a rainbow of dollar bills: a pale yellow $20, a baby blue $50, or maybe even a lavender Benjamin.</p> <p>The idea isn't that farfetched. The U.S. Treasury Department recently testified before Congress about the need to change U.S. currency to keep ahead of growing counterfeit operations. And one security feature that may be added to the bills is what the U.S. Bureau of Engraving and Printing (BEP) terms "a subtle background color".</p>