Peter Schiff: Dollar Will Fall, Higher Interest Rates Needed

Peter Schiff on Bloomberg 10.28.2008:

Ron Paul Tells the Truth

More often than not it seems Russia Today tells the truth as well:

Is Martial Law Coming to a Town Near You?

The destruction of Posse Comitatus sets a very dangerous precedent for America:

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This chilling interview with Naomi Wolf (activist and author of books such as “Give Me Liberty: A Handbook for American Revolutionaries”) is from October 4, 2008 on “Mind Over Matters”, KEXP 90.3 FM Seattle:

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Here is Brad Sherman, who said that the House of Representatives was threatened with martial law unless they passed the bail out bill:

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SEE ALSO:

“The Last Roundup: Is the Government Compiling a Secret List of Citizens to Detain Under Marital Law?” Radar Magazine

Brigade Homeland Tours Start Oct. 1st The Army Times

Why Is a U.S. Army Brigade Being Assigned to the “Homeland”? Salon

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Ron Paul Comments on Passage of the Bailout

Ron Paul on the Bailout Vote

More From Ron Paul on the Bailouts, Financial Crisis

Ron Paul on the Housing Bailout, Credit Card Surveillance

The IRS is now monitoring all of your credit card transactions.

Making a Recession Great

This is from Ron Paul’s weekly Texas Straight Talk column, it’s accurate and timely and deserves to be widely read:

Making a Recession Great

House Democrats recently adopted a budget with massive tax hikes, many of which are directed at those Americans who can least afford them. By allowing the Bush tax cuts to expire in 2010, this budget will raise income taxes not only on those in the highest income brackets, but raises the lowest bracket from 10% to 15% as well. Estates would again be taxed at 55%. The child tax credit would drop from $1000 to $500. Senior citizens relying on investment income would be hurt by increases in dividend and capital gains taxes. It’s not just that the Democrats want to raises taxes on the rich. They want to raises taxes on everybody.

CNN: Another Depression Could Be Coming

This falls under the category of: well, duh! Leave it to the corporate controlled mainstream media to finally chime in on an issue (as if they’re breaking a story) to state something that has been obvious to many of us for months or even years. Any thinking person who has been paying attention even a little bit knows our economy is in trouble and after years of faulty economic policies there are no easy solutions.

Even if you’re not a thinking person and just a person who has to buy things from time to time with the U.S. dollar you’ve probably started to notice by now that things are costing more — and I bet your paycheck isn’t growing at the same rate to cover the difference. Could there possibly be a connection between the falling dollar and rising food and oil prices? Nah, it must be the terrorists fault.

Here are links to other posts we’ve done on this topic:

Voices of Warning: 2008 Recession or Depression Likely
Ron Paul Slams Bernake for Deliberately Destroying the Dollar
The Dollar is a Big Element of U.S. Security
Reasons to be Critical of the Federal Reserve
Ron Paul is Right
Bernake to Step Up His Forecast Propagandizing
Good Analysis of the Current State of America
Ron Paul Drills Fed Chief Bernake on CNBC
Fed Cuts Rate a Quarter Point, Dollar Drops
Falling Dollar=North American Union
Continuing Fallout From the Declining U.S. Dollar
Dollar Watch: The Effects of Our Declining Currency

The Dollar is a Big Element of U.S. Security

Here is a letter from Ron Paul to the Wall Street Journal published today:

I was delighted to read in Judy Shelton’s op-ed, “Security and the Falling Dollar” (Feb. 15), that at long last the security implications of the dollar’s collapse have made their way into the mainstream media. The dollar’s strength (or lack thereof) has been of paramount concern to me, and the subject of many of my statements over the past several years. Decades of manipulation by the Federal Reserve have benefited the government and certain politically-connected firms, while gradually destroying the purchasing power of middle-class Americans. Despite numerous warnings in the past, it is only now at a point of acute crisis that Washington insiders are beginning to awaken to the reality of the end of dollar hegemony.

While I desire reform of our current monetary system, my own proposals have not been as all-encompassing as Ms. Shelton’s suggestion to return to a Bretton Woods-style system. Her recommendation, though, that gold backing should make up a component of a future monetary system, is one that we would all do well to heed. My own legislative proposals focus around eliminating the taxes and laws that dissuade individuals and institutions from using gold as currency or as a backing for currency. By allowing market processes to determine the issuance of currency, we can allow individuals to decide for themselves what currency they wish to use. This would lead to a gradual reintroduction of sound money and avoid the market shocks that occur when monetary decisions are mandated by government fiat.

Rep. Ron Paul (R., Texas)
Washington

New Ron Paul Campaign Ads

Our nation is in trouble… unless we quickly start to change things that is.
Read Ron Paul’s economic solutions here.

Here is the other new Ron Paul ad, it’s quite good as well: