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Globalists Call For A One World Currency
October 26, 2008, 3:31 pm
Filed under: 2008 Election, Amero, angela merkel, asia, bailout, Bank of America, Big Banks, brad sherman, Britain, C-Span, Canada, Carroll Quigley, central bank, CFR, China, civil liberties, civil rights, CNBC, Congress, corporations, corporatism, Credit Crisis, DEBT, Dictatorship, Dollar, ECB, Economic Collapse, economic depression, Economy, Empire, Europe, european central bank, european union, Fascism, Federal Reserve, France, g8, George Bush, Germany, glenn beck, global economy, global elite, global government, Globalism, gordon brown, Great Depression, Greenback, Habeas Corpus, henry paulson, Hitler, House, hyperinflation, imf, Inflation, interest rate cuts, internationalist, internationalists, job market, John McCain, liquidation, london, Martial Law, Media, middle class, morgan stanley, mortgage, national socialism, Nazi, New World Order, paris, Paulson, peter schiff, Police State, Posse Comitatus, rate cut, Sarkozy, Senate, single currency, socialism, sovereignty, Stock Market, tax, Taxpayers, unemployment, United Kingdom, US Economy, us sovereignty, US Treasury, Wall Street, World Bank, WW2, Zimbabwe | Tags: , , , , , , , , , , , , , , , , , , , ,

Globalists Exploit Financial Meltdown In Move Towards One World Currency

Paul Joseph Watson & Kurt Nimmo
Prison Planet
October 20, 2008

The swift and ruthless exploitation of the economic meltdown on behalf of globalists and central banks revolves around their drive to move towards a one world currency system and an unprecedented centralization of global financial power.

Statements on behalf of world leaders and central banks over the past two weeks have made it clear that the agenda to further collate economic power and control of currencies into the hands of the few is rapidly accelerating – all in the name of solving a financial crisis that was caused as a result of the same fiat money system that the elite themselves created and maintained.

The original Bretton Woods agreement in 1944, spurred by the depression of the 1930s and the second world war, created the International Monetary Fund, the World Bank and laid down common standards for markets around the world. Now with the current financial crisis EU leaders see another opportunity to impose global regulations on sovereign economies.

As the crisis reached its peak at the end of September, British Prime Minister Gordon Brown led the call for “a new global financial order in which the world financial system would be built around a centrally coordinated policy of international regulation.

Morgan Stanley Chief Executive John Mack has also called for a new global body to oversee the financial crisis, warning that it is like nothing he’s ever seen before.

The sentiment echoes those of elite figures such as CFR member Jeffrey Garten and Timothy Geithner, president of the Federal Reserve Bank of New York, who have both recently called for a “new global monetary authority”, a de-facto global financial dictatorship, operating across borders and forcing nations and corporations to register and adhere to strict monitoring and regulations.

European Central Bank council member Ewald Nowotny told Bloomberg yesterday that the centrality of the U.S. dollar was in question and that a “tri-polar” global currency system is in development between the U.S., Asia and Europe to replace it.

This followed a call by French President to question whether a “worldwide currency system” should be introduced in response to the financial crisis.

“Another subject in tomorrow’s world is that of the great currencies. How many should there be? What should the agreement between these great currencies be? Should we organize a discussion? Should a country like India one day have a global currency?” Sarkozy told a news conference, reports Reuters.

Any discussion would be purely academic, as the ruling elite long ago decided to force a global currency down our throats. In fact, a global currency is at the very core of their plan to dominate the world. Control money and you control the destiny of states, you eliminate national sovereignty. “The control of money and credit strikes at the very heart of national sovereignty,” A.W. Clausen, president of Bank of America once observed.

As Georgetown professor and CFR historian Carroll Quigley noted, the goal of the banking families and their minions consists of “nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole… controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.”

It remains to be seen if the EU will realize its “solution” to the world economic crisis. In 2007, Robert Mundell, “the father of the euro,” noted that “international monetary reform usually becomes possible only in response to a felt need and the threat of a global crisis.”

Certainly, the elite cooked up an appropriate global crisis, now they will engage in a full court press to establish a global currency and eventually a global government.

 

EU Leaders Call for Global Currency

Kurt Nimmo
Infowars
October 18, 2008

If we are to believe the Washington Post, French president and current EU leader Nicolas Sarkozy has pledged to save us from nameless “freewheeling bankers and traders” who get the blame for the current economic crisis.

Sarkozy, Gordon Brown, and EU honcho José Manuel Barroso are talking up an international summit to discuss an “urgent overhaul of the world’s financial architecture,” that is to say a new Bretton Woods to establish a brand spanking new international economic order. Sarkozy has managed to grab George Bush’s ear and he will travel to Washington on Saturday to lay the groundwork for a conference.

In 1944, 44 allied nations met at a resort in Bretton Woods, New Hampshire, to fiddle with monetary standards, fix exchange rates, and create the IMF and World Bank. “Launching a remake of this old model — particularly in such a short time, with so many new participants — would represent a daunting challenge at any time, but particularly during the twilight of the Bush presidency and the crisis that is still jolting banks and stock markets around the world,” reports the Post.

Sarkozy and the EU leaders would have us believe this new Bretton Woods will call for “globally coordinated regulation of the financial industry, elimination of tax havens and a compensation system in which traders are not rewarded for dangerous risk-taking,” among other things.

It was the demise of Bretton Woods in 1971, insists European Central Bank president Jean- Claude Trichet, that led to the abandonment of regulation and subsequent market turmoil. “The explosion of the first Bretton Woods in a way could be interpreted as a rejection of discipline,” said Trichet, reports Bloomberg.

Gordon Brown, the former Chancellor of the Exchequer, wants to fix that turmoil with a new spate of regulations aimed at international finance. On October 13 in London, Brown said “we must devise new rules for a world of global capital flows” just as the founders of Bretton Woods “devised rules for a world of limited capital flows.”

http://www.youtube.com/watch?v=wFs99zBTRO0

“We now have global financial markets but what we do not have is anything other than national and regional regulation and supervision,” Brown lamented from Brussels.

All of this is nonsense. It should be obvious by now the bankers engineered the current crisis in order to consolidate their hold on the global economy and all the talk about rogue traders, tax havens, and over-compensated executives is merely that — talk, or more specifically a sales pitch, a slick parlor trick devised to fool the commoners.

Glossed over in all the corporate media coverage is the global elite demand that a global currency be established. “Europe wants to present a blueprint for a new worldwide currency system,” reports the AFP in the video here.

“Another subject in tomorrow’s world is that of the great currencies,” Reuters reported Sarkozy musing on October 16. “How many should there be? What should the agreement between these great currencies be? Should we organize a discussion?”

Read Full Article Here

 

Glenn Beck On One World Currency
“There is a global meltdown coming, it is a global depression, a One World Currency and One World Financial System is the ENDGAME! China said last week said they want One Global Currency, France said yesterday or the day before that they want One World Order a New World Order at the end of this event!” – Glenn Beck

http://www.youtube.com/watch?v=SKsiZdOD5u4

http://www.youtube.com/watch?v=jB9fuIvksLw

CNBC: The New World Order is in effect on wall street

http://www.youtube.com/watch?v=RJJ6OYVsLtc

Calls For New Global Financial Order Increase
http://www.prisonplanet.com/calls-for-new-global-financial-order-increase.html

Tri-Polor Global Currency A Possibility
http://www.bloomberg.com/apps..&sid=apjqJKKQvfDc&refer=home

Agree Canada, EU Agree To Negotiate Economic Partnership
http://www.nationalpost.com/news/story.html?id=885494

G-8 Announces Global Summit On Financial Crisis
http://news.yahoo.com/s/a..t=Ah6wNwIX5KlE5B1m5eFoDXlbbBAF

Bush & Allies Pledge Joint Action On Economy
http://www.youtube.com/watch?v=InFBnX87lzU

Brown: Use This Crisis To Create New Financial World Order
http://www.prisonplanet.com/..new-financial-world-order.html

 



Vicente Fox Tells Unemployed Americans “Get Over It”

Vicente Fox Tells Unemployed Americans “Get Over It”

http://www.youtube.com/watch?v=r-_SMHNrlkQ

An interview with EX president of Mexico Vicente Fox at Wayne State University September 12, 2008 where he tells American workers to “get over it”, that their jobs are gone forever and that they must retrain for GLOBAL work. The news report also calmly mentions that he wants a North American Union (you know, that thing that doesn’t exist) and a single Amero currency – before moving on to the weather and a segment about owning a horse.

 



Stressed banks borrow record amount from Fed

Stressed banks borrow record amount from Fed

Reuters
July 31, 2008

Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent toll, while the commercial paper market continued to contract, signaling tough conditions for short term borrowers.

Banks’ primary credit borrowings averaged $17.45 billion per day in the latest week, the second straight week this had hit a record and up from $16.38 billion the previous week, Fed data showed on Thursday.

Read Full Article Here

 

Zimbabwe Devalues Currency

AP
July 30, 2008

Zimbabwe will drop 10 zeros from its hyper-inflated currency — turning 10 billion dollars into one — the country’s reserve bank said Wednesday. President Robert Mugabe threatened a state of emergency if businesses profiteer from the country’s economic and political unraveling.

Shop shelves are empty and there are chronic shortages of everything including medication, food, fuel, power and water. Eighty percent of the work force is unemployed and many who do have jobs don’t earn enough to pay for bus fare.

Read Full Article Here

 

Inverview with George Green – (7/16/2008)

http://video.google.com/videoplay?docid=7618947388652774139&hl=en

Recent News:

Bush signs housing bill in private
http://www.politico.com/news/stories/0708/12166.html

Soaring energy bills set to push inflation to 16-year high
http://www.dailymail.co.uk/news/ar..set-push-inflation-16-year-high.html

GM Has $15.5 Billion Loss on U.S. Sales Drop, Leases
http://www.bloomberg.com/apps/news?pid=20601087&sid=agMEuJ_r_yxA&refer=worldwide

Venezuela to Nationalize Spanish Bank
http://english.cri.cn/2947/2008/08/01/1821s388058.htm

IndyMAC Files For Bankruptcy Protection
http://www.nytimes.com/2008..2&ref=business&oref=slogin&oref=slogin

Jobless Claims Up Highest In Five Years
http://www.wnbc.com/news/17049831/detail.html

Inflation Could Hit 6% By Fall?
http://economictimes.indiatimes.com..Economist/articleshow/3307499.cms

Deutsche Bank Writedowns Exceed $11 Billion
http://moneynews.com/financenews/bank_writedowns/2008/07/31/117802.html

Shell reports 33% rise in profit
http://www.iht.com/articles/2008/07/31/business/31shellNEW.php

Exxon posts record $11.68 billion profit
http://money.cnn.com/2008/07/31/news/.._profits/?postversion=2008073109

Britons Skipping Meals Due To Money Worries
http://www.money.co.uk/article/100..-meals-due-to-money-worries.htm

IMF Calls For N. African Economic Integration
Greenspan: Housing No Where Near Bottom
Economic Rebound Not As Energetic As Hoped
Biggest dive for commodities in 28 years

U.S. Economic Collapse News Archive

 



50,000 Scientists Disbelieve Global Warming

50,000 Scientists Disbelieve Global Warming

Daily Tech
July 17, 2008

Related: APS warned not to debate global warming

The American Physical Society, an organization representing nearly 50,000 physicists, has reversed its stance on climate change and is now proclaiming that many of its members disbelieve in human-induced global warming. The APS is also sponsoring public debate on the validity of global warming science. The leadership of the society had previously called the evidence for global warming “incontrovertible.”

In a posting to the APS forum, editor Jeffrey Marque explains,”There is a considerable presence within the scientific community of people who do not agree with the IPCC conclusion that anthropogenic CO2 emissions are very probably likely to be primarily responsible for global warming that has occurred since the Industrial Revolution.”

The APS is opening its debate with the publication of a paper by Lord Monckton of Brenchley, which concludes that climate sensitivity — the rate of temperature change a given amount of greenhouse gas will cause — has been grossly overstated by IPCC modeling. A low sensitivity implies additional atmospheric CO2 will have little effect on global climate.

Larry Gould, Professor of Physics at the University of Hartford and Chairman of the New England Section of the APS, called Monckton’s paper an “expose of the IPCC that details numerous exaggerations and “extensive errors”

In an email to DailyTech, Monckton says, “I was dismayed to discover that the IPCC’s 2001 and 2007 reports did not devote chapters to the central ’climate sensitivity’ question, and did not explain in proper, systematic detail the methods by which they evaluated it. When I began to investigate, it seemed that the IPCC was deliberately concealing and obscuring its method.”

According to Monckton, there is substantial support for his results, “in the peer-reviewed literature, most articles on climate sensitivity conclude, as I have done, that climate sensitivity must be harmlessly low.”

Monckton, who was the science advisor to Britain’s Thatcher administration, says natural variability is the cause of most of the Earth’s recent warming. “In the past 70 years the Sun was more active than at almost any other time in the past 11,400 years … Mars, Jupiter, Neptune’s largest moon, and Pluto warmed at the same time as Earth.”

 

Global Warming Conclusively Debunked As Gore Calls For CO2 Tax
The seven graphs that dispel alarmist claims about climate change

Paul Joseph Watson
Prison Planet
July 18, 2008

Related: Gore lets his mask slip : Tax the poor more than the rich

The world is cooling, sea levels are falling, ice is spreading, there are fewer extreme weather events, and it was hotter 1000 years ago, yet the myth of global warming is providing governments the excuse to micromanage every aspect of our lives, with Al Gore now openly calling for a carbon tax on the energy we use.

Following the end of the Sun’s most active period in over 11,000 years, the last 10 years have displayed a clear cooling trend as temperatures post-1998 leveled out and are now plummeting.

But such figures won’t deter the agenda of control freaks like Al Gore, who last night publicly called for a carbon tax to be imposed on the use of fossil fuels at a time when even middle class families are struggling to pay the bills as a result of a crippled economy, soaring oil prices and inflation.

Andrew Bolt of the Australian Sun-Herald has put together a series of graphs based on numbers from a plethora of scientific bodies to prove that the most alarmist claims about climate change are not only unproven, but in fact the complete opposite of what man-made global warming advocates proclaim is now being observed.

“That’s why 31,000 other scientists, including world figures such as physicist Prof Freeman Dyson, atmospheric physicist Prof Richard Lindzen and climate scientist Prof Fred Singer, issued a joint letter last month warning governments not to jump on board the global warming bandwagon,” writes Bolt.

“There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gases is causing or will, in the foreseeable future, cause catastrophic heating of the earth’s atmosphere and disruption of the earth’s climate.”

That’s why Ivar Glaever, who won a Nobel Prize for Physics, this month declared “I am a sceptic”, because “we don’t really know what the actual effect on the climate is”.

And it’s why the American Physical Society this month said “there is a considerable presence within the scientific community of people who do not agree with the (Intergovernmental Panel on Climate Change) conclusion that anthropogenic CO2 emissions are very probably likely to be primarily responsible for the global warming that has occurred since the Industrial Revolution.”

The first graph, obtained from the Hadley Centre of Britain’s Meteorological Office, shows how temperatures dropped, leveled off, and are now displaying a clear cooling trend, since their 1998 peak which was caused by the “El Nino” weather phenomenon, which is completely natural and has nothing to do with CO2 emissions.


Click here for full PDF format.

The figures mesh with anecdotal evidence of a cooling pattern – China recently experienced its coldest winter in 100 years while northeast America was hit by record snow levels and Britain suffered its coldest April in decades as late-blooming daffodils were pounded with hail and snow on an almost daily basis. The British summer has also left many yearning for global warming, with temperatures in June and July rarely struggling to get over 16 degrees and on one occasion even dropping as low as 9 degrees in the middle of the afternoon.

A common claim of behalf of Al Gore and the Church of Environmentalism, and one vividly portrayed in the Hollywood movie The Day After Tomorrow, is a predicted catastrophic rise in sea levels as a result of global warming.

In actual fact, figures from the Colorado Centre For Astrodynamics Research show that global sea levels, after having risen since 2000, have been falling significantly over the last 2 years.

In addition, according to the US National Oceanic and Atmospheric Administration, sea ice has grown rapidly in that same time frame and there is now more ice in the world than usually observed.


Click here for full size PDF of all graphs.

Another common cry from the alarmists is the contention that global warming is causing extreme weather events. Despite there having been far more violent and devastating weather events before the post World War 2 rise in CO2 levels, every flood, hurricane, tornado or cyclone is blamed on human-induced climate change.

The facts tell a different story. According to the American Meteorological Society, global warming hasn’t given us more cyclones, hurricanes, or tornados.

Furthermore, scaremongering about droughts attributed the global warming is disproved by the fact that levels of rainfall have increased.

Hysterical phony environmentalists like to imagine that the world has never been hotter, despite the fact that the planet has violently swung between extremes of temperature for eons.

New figures from the US National Council for Air and Stream Improvement debunk the IPCC’s notoriously controversial “hockey stick” graph and illustrate that the earth was a warmer place 1000 years ago. During such times, farmers in Greenland grew crops and even cultivated vineyards on a land mass that is now over 80% ice covered.

Despite evidence pouring in that the planet has naturally turned course and now embarked on a cooling trend, wild rhetoric, fearmongering, lecturing and bullying about the necessity for us to accept intrusions into our rights of mobility, privacy and behavior in the interests of saving the earth is at an all time high.

Global corporations and governments have joined forces to launch a united propaganda assault about how we must turn “green” while all the real environmental crises – deforestation, GM crops, chemtrails, genetic splicing, and cancer-causing cellphone tower radiation – are completely ignored.

 

Top Rocket Scientist: No Evidence CO2 Causes Global Warming

Paul Joseph Watson
Prison Planet
July 22, 2008

Related: No Smoking Hot Spots

The campaign to force people to accept that “the debate is over” and that man-made CO2 emissions are driving climate change is in deep trouble, with another top global warming advocate – rocket scientist and carbon accounting expert Dr. Richard Evans – completely reversing his position.

Evans was a consultant to the Australian Greenhouse Office from 1999 to 2005 and he wrote the carbon accounting model (FullCAM) that measures Australia’s compliance with the Kyoto Protocol.

In an article for The Australian newspaper, Evans highlights why he was so keen to jump on board the man-made explanation without there being any clear conclusion as to what was driving temperature increases in the period from the end of the 70’s to 1998.

“The evidence was not conclusive, but why wait until we were certain when it appeared we needed to act quickly?” writes Evans. “Soon government and the scientific community were working together and lots of science research jobs were created. We scientists had political support, the ear of government, big budgets, and we felt fairly important and useful (well, I did anyway). It was great. We were working to save the planet.”

“But since 1999 new evidence has seriously weakened the case that carbon emissions are the main cause of global warming, and by 2007 the evidence was pretty conclusive that carbon played only a minor role and was not the main cause of the recent global warming,” he concludes.

Evans points out that the “greenhouse signature” that would indicate CO2 emissions are driving temperature increases – “a hot spot about 10km up in the atmosphere over the tropics” – which would be evident if climate change was man-made, is simply non-existent.

“If there is no hot spot then an increased greenhouse effect is not the cause of global warming. So we know for sure that carbon emissions are not a significant cause of the global warming,” he writes.

Evans highlights data collected from satellites positioned around the globe that indicates temperatures have dropped about 0.6C in the past year – back to 1980 levels. Such figures are complimented by anecdotal evidence of a cooling pattern – China recently experienced its coldest winter in 100 years while northeast America was hit by record snow levels and Britain suffered its coldest April in decades as late-blooming daffodils were pounded with hail and snow on an almost daily basis.

Evans also cites historical climate change and the fact that CO2 does not cause, but in fact lags behind temperature increase by as much as 800 years.

“The new ice cores show that in the past six global warmings over the past half a million years, the temperature rises occurred on average 800 years before the accompanying rise in atmospheric carbon. Which says something important about which was cause and which was effect,” he writes.

“The last point was known and past dispute by 2003, yet Al Gore made his movie in 2005 and presented the ice cores as the sole reason for believing that carbon emissions cause global warming. In any other political context our cynical and experienced press corps would surely have called this dishonest and widely questioned the politician’s assertion,” writes Evans.

Read Full Article Here

 

Two Peer-Reviewed Scientific Papers Debunk CO2 Myth

Paul Joseph Watson
Prison Planet
July 16, 2008

Three top scientists have once again contradicted the claim that a “consensus” exists about man-made global warming with research that indicates CO2 emissions actually cool the atmosphere, in addition to another peer-reviewed paper that documents how the IPCC overstated CO2’s effect on temperature by as much as 2000 per cent.

Professor George Chilingar and Leonid Khilyuk of the University of Southern California, and Oleg Sorokhtin of the Institute of Oceanology of the Russian Academy of Sciences have released a study that they claim completely contradicts the link between CO2 and global temperature increases.

“The writers investigated the effect of CO2 emission on the temperature of atmosphere. Computations based on the adiabatic theory of greenhouse effect show that increasing CO2 concentration in the atmosphere results in cooling rather than warming of the Earth’s atmosphere,” states the preamble to the paper.

The full study, which appears in the Energy Sources journal, is sure to cause ire amongst climate cult adherants.

No global warming has been observed for the past 10 years as temperatures have gradually declined and studies indicate that there will be no further warming for the next 10 years.

In a related development, the peer-reviewed Physics and Society journal has published evidence proving that the UN IPCC’s 2007 climate summary “overstated CO2’s impact on temperature by 500-2000%.”

According to the paper, “Computer models used by the UN’s climate panel (IPCC) were pre-programmed with overstated values for the three variables whose product is “climate sensitivity” (temperature increase in response to greenhouse-gas increase), resulting in a 500-2000% overstatement of CO2’s effect on temperature in the IPCC’s latest climate assessment report, published in 2007.”

The paper also outlines evidence to confirm that Mars, Jupiter, Neptune’s largest moon, and Pluto warmed at the same time as Earth warmed, a factor attributed to the Sun having been more active than at almost any other time in the past 11,400 years.

The paper concludes, “CO2 enrichment will add little more than 1 °F (0.6 °C) to global mean surface temperature by 2100.”

Recent News:

Gore lets his mask slip: Tax the poor more than the rich
http://worldpressnetwork.net/forum/viewtopic.php?f=2&t=349

Propaganda: Eating Less Helps The Environment
http://www.physorg.com/news136028669.html

Propaganda: Population Growth a Bigger Threat Than Global Warming
http://www.canberratimes.com.au..ticks-louder-than-climate/1173782.aspx

Chemical companies making more money gaming the carbon credit system than producing chemicals
http://blogs.wsj.com/environmentalc..game-the-carbon-markets/

Fossil Suggests Antarctica’s Warmer In Past
http://news.yahoo.com/s/livescience/fossilsuggestsantarcticamuchwarmerinpast

Global Warming Enforcement: The New Segregation
http://www.prisonplanet.com/global-w..ement-the-new-segregation.html

Killing Jobs to Save the Climate
http://www.spiegel.de/international/business/0,1518,566441,00.html

Google Trends (US and UK) illustrates the public’s fading interest in global warming
http://tomnelson.blogspot.com/2008/07/google-trends-us-and-uk-illustrates.html

Green Car Tax Will Hit Poor Hardest
http://www.telegraph.co.uk/motoring/ma..ing/2008/07/10/mroadtax410.xml

Propaganda: Scientists examine cow farts to reduce Global Warming
http://www.telegraph.co.uk/n..stic-tank-for-global-warming-study.html

No Smoking Hot Spots
APS warned not to debate global warming
TV Station Censured Over Climate Change Film
Apocalypse? No! – Why there is no Global Warming Crisis
President George Bush: ’Goodbye from the world’s biggest polluter’

Global Warming Hoax News Archive

 



Ron Paul: Bernanke Admits Inflation is a Tax

Ron Paul: “Some Big Events Are About To Occur”

Steve Watson
Infowars.net
July 17, 2008

http://www.youtube.com/watch?v=06awZjZTVlQ


Texas Congressman Ron Paul has warned the House that he is “convinced the time is now upon us that some Big Events are about to occur.” that will cause liberty to go “into deep hibernation”.

Paul told the House:

“These fast-approaching events will not go unnoticed. They will affect all of us. They will not be limited to just some areas of our country. The world economy and political system will share in the chaos about to be unleashed.”

“There are reasons to believe this coming crisis is different and bigger than the world has ever experienced. Instead of using globalism in a positive fashion, it’s been used to globalize all of the mistakes of the politicians, bureaucrats and central bankers.” Paul continued.

In one of Paul’s most memorable speeches to date, the Congressman spoke of rampant authoritarianism having replaced the principles of liberty that the United States was founded upon and warned that current empire building financed through inflation and debt signals a most frightening period in history.

“Our arrogance and aggressiveness have been used to promote a world empire backed by the most powerful army of history. This type of globalist intervention creates problems for all citizens of the world and fails to contribute to the well-being of the world’s populations. Just think how our personal liberties have been trashed here at home in the last decade.” Paul urged fellow representatives.

Paul outlined the history of the current economic crisis and alluded to key events such as the inception of the Federal Reserve System, the creation of the Bretton-Woods Monetary System and the creation of a “dollar bubble”.

“This bubble is different and bigger for another reason.” Paul argued.

“The central banks of the world secretly collude to centrally plan the world economy. I’m convinced that agreements among central banks to “monetize” U.S. debt these past 15 years have existed, although secretly and out of the reach of any oversight of anyone–especially the U.S. Congress that doesn’t care, or just flat doesn’t understand.”

Yesterday, the Congressman also confronted Federal Reserve Chairman Ben Bernanke over what he described as a 35 plus year dollar bubble, telling him “You are probably the biggest taxer in the country”, citing the inflationary fiat money system as the most unfair and regressive form of taxation there is.

A stunned Bernanke put up little resistance and simply agreed with Paul, stating “Congressman, I couldn’t agree with you more that inflation is a tax, and that inflation is currently too high.”

Paul also pointed out that government bail out packages for lenders will inevitably lead to a further increases in the already stratospheric national debt.

Read Full Article Here

 

Ron Paul on Kudlow and Company

Part 1

Part 2

 

Ron Paul on Glenn Beck

 

Ron Paul on Fox Business News

 



Oil Above $146 in London

Oil Above $146 in London

Fin Facts
July 4, 2008

In thin trading in New York Thursday, with markets closed early at 1:00 pm Eastern for today’s July 4th holiday weekend, the big focus was on the June employment report on a day when crude oil breached the $145 a barrel level in both New York and London.

US nonfarm payrolls fell for a sixth consecutive month, dropping by 62,000 jobs in June. The month’s unemployment rate held at 5.5%, after rising sharply in May. A service-sector report also supported the gloomy outlook.

US lost 62,000 jobs in June – Six straight months of job losses total 438,000

Dr. Peter Morici: Crisis grips US Job Market: Economy sheds 62,000 jobs in June

The Institute of Supply Management said its index of service sector activity fell to a reading of 48.2 in June, below analysts’ expectation for a reading of 51.0. Any reading below 50 indicates contraction.

The Dow Jones Industrial Average closed 73.03 points, or 0.7%, at 11288.54, down 14.9% in 2008. Component General Motors rose 1.4%.

GM fell to a 54-year low on Wednesday and the stock closed Thursday at $10.17, down from $18 just a month ago.

Crude oil rose to a record on concern conflict with Iran over its nuclear program would cut Persian Gulf supplies.

Brent North Sea oil for August delivery surged to a life-time peak of $146.34 per barrel in morning trade. In New York, oil touched a new record of $145.85. On the New York Mercantile Exchange, oil closed at $145.29. Brent closed at $146.08.

Alexei Miller, chief executive of Russia’s gas giant OAO Gazprom, added fuel to the fire by saying that Europeans would soon have to pay much more for imports of natural gas. Miller, who last month forecast that oil would rise to $250 a barrel in the near future, said Russian gas would be sold in Europe for $500 per thousand cubic meters by the end of the year – about a fifth more than the current price.

Read Full Article Here

 

World Must Brace For $150 Oil

AP
July 4, 2008

Oil’s meteoric rise since the start of the year to nearly $150 has distressed consumers and policy makers the world over, but the stark reality is prices are likely to rise higher still.

For two decades, prices were relatively stable, but then they rose seven-fold from a trough below $20 in 2001. Since breaching the $100 mark on the first trading day of this year they have risen around 45 percent.

Given such momentum, politicians’ efforts to bring the price down could well be a waste of energy.

Read Full Article Here

 



Hennecke Says U.S. Faces ’Hyperinflationary Depression’

Hennecke Says U.S. Faces ’Hyperinflationary Depression’