Congratulations America, you are now 14 trillion dollars in debt. The U.S. national debt is now more than 14 times larger than it was just 30 short years ago. The federal government is literally drowning in debt. Now some members of Congress are actually debating whether we should raise the debt ceiling again. At the moment, the U.S. government debt ceiling is is set at $14.294 trillion, and considering the fact that the U.S. government is borrowing approximately 2.63 million more dollars every single minute, that cap will be reached very quickly. The U.S. Congress has raised the federal debt ceiling six times in just the past three years, so you would think that raising it again would not be that big of a deal for our debt-addicted politicians. But this past November a significant number of Tea Party candidates were elected to the U.S. House of Representatives, and they are eager to prove that they are serious about fiscal responsibility. (Read More...)
Federal Reserve
The Washington Post Runs An Article Entitled “Five Myths About The Federal Reserve” Authored By An Economist Linked To The Rothschilds
There have been so many attacks on the Federal Reserve recently that the mainstream media now feels almost forced to try to defend their actions. The most blatant example of this recently was an article in the Washington Post entitled “Five Myths About The Federal Reserve”. The article was authored by Greg Ip, the U.S. economics editor of The Economist. According to Wikipedia, the Rothschild banking family is a partial owner of the firm that operates The Economist. You would have thought that they would have gotten someone a whole lot less obvious to produce this propaganda piece, but apparently they did not think anyone would notice. Of course an economics editor of The Economist is going to defend the Federal Reserve. He would be fired if he didn’t. The Economist is well known to be a mouthpiece for the international central banking establishment. But what is really sad is how poor a job Greg Ip did in defending the Fed. If these are the best intellectual arguments they can come up with then they are in huge trouble. (Read More...)
The Establishment Media Is Already Trying To Blame The Tea Party And Opponents Of The Federal Reserve For The Coming Economic Collapse
Why does it seem like major establishment news outlets come out with the exact same talking points so often? This time, the mainstream media in both the United States and in the UK are placing blame for an economic collapse that hasn’t even happened yet on the Tea Party movement and on opponents of the Federal Reserve. Of course it is completely and totally ridiculous to even think for a moment that the Tea Party could be responsible for our current financial problems. The Tea Party is still basically brand new, and even though they gained a a number of seats in Congress during this past election, they still have far, far less power than the establishment Democrats or the establishment Republicans. The notion that the Tea Party could be responsible for plunging the entire globe into a devastating economic depression is absolutely hilarious. But that is exactly what some major mainstream media outlets are actually suggesting. (Read More...)
41 Facts About The History Of Central Banks In The United States That Our Children Are No Longer Taught In School
*The original version of this article contained a few minor inaccuracies. I apologize for this. I am not a historian, and several of the facts that I made originally are hotly disputed among historians. I have attempted to revise the article in such a way as to reflect the historical consensus more accurately. However, the central points of the original article are not in dispute. Central banking has always been a huge issue throughout U.S. history and central banking remains a tremendous threat to our financial system in 2010. Everyone makes mistakes, and I am sure I will make many more. However, the main point of the article is to detail how corrosive central banking and the financial elite have been throughout U.S. history, and hopefully most everyone can see that very clearly. There will always be historical debate about certain points, but the overall themes are unmistakable when you step back to take a look at the bigger picture. (Read More...)