James Traficant, a former Democratic Congressman from Ohio, made some interesting remarks regarding the Federal Reserve. He was recently released from prison for fraud, misuse of campaign contributions, and tax evasion among other charges. Even thought he was expelled from Congress, he made some interesting points about the Federal Reserve before his ‘departure’.
Archive for September, 2009
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Soaring Gold Prices
Posted by AD on September 23rd, 2009
The price of gold has recently hit over $1000 per ounce again and is gaining momentum. Many of you know that a rise in the price of gold is a sign of a weak dollar. Economists such as Peter Schiff have predicted that gold will rise to well over $2000 an ounce, so it is [...]
The Financial Crisis is Not Over – A Comparison to the 1980s Recession
Posted by AD on September 13th, 2009
The price of an ounce of gold in US Dollars is now $1005.70, while the price of an ounce of silver is $16.73. If you’ve studied history and economics, you know that the change in the price of precious metals(PRs) is an indicator of what is going on in an economy. If the prices of [...]
HR1207 Moves a Step Forward
Posted by AD on September 10th, 2009
Ron Paul’s bill, HR1207, which would require an audit of the Federal Reserve, has been scheduled for a committee hearing on September 25th at 9AM. An email dispatched by the Campaign for Liberty stated that House Financial Committee Chairman Barney Frank agreed to hold the hearings. The bill currently has 285 cosponsors which is about [...]
