The banking dilemma seems eternal, like the monetary dilemma, the tax dilemma, and the marital dilemma. The essence of the banking dilemma, however, is that the depositors’ money is not in the vault awaiting the depositors’ decision to withdraw it. Instead it is out on loan or invested in the money market or in mortgage-backed securities. FULL ARTICLE

Wouldn’t it be great to work for a company that “makes money”? This is, of course, exactly what the FED does. The FED, in effect, prints money out of thin air and buys US Treasuries debt obligations from its “primary dealers” companies like Goldman Sachs and JP Morgan Chase FULL ARTICLE

The Fed is now pledging to reveal to the public more about its economic predictions, and calls this greater transparency.  This is little more than window-dressing, at best, utterly useless at worst.  Many analysts, especially those familiar with the Austrian school of economics, saw the current economic crisis coming years ago when the Federal Reserve was still telling the American people their policies were as good as gold.   FULL ARTICLE

We live in an age of grave economic ignorance, if central-bank policy is an indication of prevailing economic theory. It is apparent that we’ve learned nothing from several millennia of monetary destruction. The persistent demonstration that capital, not paper, is the basis for prosperity has fallen on deaf ears. Daily, we face the sad spectacle of government officials, pundits, and even Nobel laureates telling us that printing money is the answer to an economic downturn. FULL ARTICLE

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy. FULL ARTICLE

The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.  GATA opposes collusion against a free market in gold, other precious metals, currencies, and related securities.  Their main theories center around demonstrating that governments, central banks, bullion banks, and even some major miners have colluded to suppress the price of gold.  By doing so, they make their own fiat currencies appear stronger. FULL ARTICLE

Barack Obama and Tim Geithner’s recent ramped-up rhetoric towards China as a “currency manipulator” indicates the Obama administration may show more aggression towards China than Bush. From the owner of the Petro-Dollar no less, and as the Federal Reserve has openly confessed to manipulations in the FOREX (foreign exchange) markets since 1961, this is both hypocritical and privately probably more amusing to America’s central bankers than anything else.  FULL ARTICLE

If foreigners cease buying and instead start selling from their existing holdings–China alone holds $500 billion in Treasury debt–a deluge will fall on an already flooded market.  The  Federal Reserve could move to monetize the debt.  In other words, the Treasury prints bonds and the Fed purchases them by printing money.  The supply of money thus expands dramatically in relation to goods and services, and high inflation, possibly hyperinflation, would engulf America. FULL ARTICLE

Ever-higher doses of government intervention will not solve the trouble brought about by government intervention in monetary affairs. Any attempt to do so would increasingly erode what little is left of the free societal order – already greatly damaged by the consequences of a government-sponsored monetary regime. FULL ARTICLE

Despite the powerful attempts of governments to eradicate gold’s role in monetary affairs, the free market price has risen continuously.  Today, although the possibility of global depression act as a head wind, the existence of an “above market” premium for fabricated gold, may foretell a major threat to the credibility of paper currencies, a major U.S. dollar devaluation and a consequent strong rise in the price of gold in the months ahead.  FULL ARTICLE