Finally something productive and useful that citizens can get behind and force congress to do: look at the books, get serious about our financial system. Our congress must take stock of the Fed before the dollar fails, before some other currency replaces it in the world. And that's what this bill does. The explicit purpose of the bill is to amend the law regarding the way the Federal Reserve is audited by the Comptroller General, and the way in which such audits are reported. Ron Paul's idea in crafting this bill is to get the financial information out in the open, so we can decide what to do next.

So far fifty five members of congress have signed as co-sponsors of this bill. THIS ALONE IS AMAZING. This means that Congess is beginning to see that Ron Paul was RIGHT about all this that is happening. Our congress wants to consider these questions a little more deeply now. This bill won't solve our problems. It will give us the information we need to choose a strategy for the cleanup and renovation of our financial structure. A companion bill has been introduced in the Senate.



http://www.govtrack.us/congress/bill.xpd?bill=h111-1207

“Little by little, business is enlarged with easy money. With the exhaustless reservoir of the government of the United States furnishing easy money, the sales increase, the businesses enlarge, more new enterprises are started, the spirit of optimism pervades the community…bankers are not free from it. They are human. The members of the Federal Reserve board will not be free from it. They are human…Everyone is making money. Everyone is growing rich. It goes up and up…until finally someone whose judgment was bad, someone whose capacity for business was small, breaks; and as he falls he hits the next brick in the row, and then another, and then another, and down comes the whole structure. That is no dream. That is the history of every movement of inflation since the world's business began, and it is the history of many a period in our own country. That is what happened to a greater or less degree before the panic of 1837, of 1857, of 1873, of 1893 and of 1907…when credit exceeds the legitimate demands of the country the currency becomes suspected and gold leaves the country.”

--Wayne Allyn Root, 2008 Libertarian Vice Presidential candidate

Ron Paul quote of the day:
"When the value of American's savings is deliberately eroded through inflation, that is a tax, albeit a hidden one. I call it the inflation tax, a tax that is all the more insidious for bing so underhanded: most Americans have no idea what causes it or why their standard of living is going down. Meanwhile, government and its favored constituencies receive their ill-gotten loot. The racket is safe as long as no one figures out what is going on."
( on inflation and central banking historyCollapse )

It's snowing this morning, big flakes that fall hard and melt immediately on impact. Some of the flakes are so big they are more like clumps. I love the silence of snow. When it piles up, it mutes everything, and you can hear noises from far away. I read something in The Week about how snowflakes have bacteria in them. Seems like it was genus Actinomyces, or Acinetobacter, but a species that we haven't studied.
( moreCollapse )