Posts Tagged ‘jim’
Jim Rogers: Audit the Fed, Then Abolish It
Yahoo Finance Tech Ticker – December 10th, 2009 Count famed investor Jim Rogers as an ardent support of Congressman Ron Paul’s effort to audit the Fed. The Fed is “the only institution in the world I know of that doesn’t expect to be audited,” Rogers says in the accompanying video. “It’s incomprehensible to me these people are saying they have no reason to be audited — they must have done something wrong, must have something to hide.” A longtime critic of Ben Bernanke and his predecessor, Rogers goes a (big) step further than merely auditing the Fed, suggesting we get rid of the central bank altogether. “We don’t need the Fed. The Fed is making our lives miserable,” the famed financier says. “The Fed is printing huge amounts of money, which we’ll have to pay for sometime. The Fed is borrowing gigantic amounts of money on their balance sheet…the numbers are so staggering that this is going to have ramifications before too much longer.” With an eye on history, Rogers notes the current Fed is America’s third central bank: the First Bank of the US was created in 1791 with a 20-year charter. The Second Bank was created in 1816 with the same term. The current Fed was chartered in 1913. Arguably, the current Fed is the nation’s fourth central bank if you count the National Banking Act of 1863-64, but Rogers’ point remains the same: America survived and prospered without a central bank for long periods and can do so again. If Rogers is right, this won’t be an academic …
Bullion & Coin Blogs
DeMint: Over 90% of Bills Passed Secretly With No Debate, No Vote
Sen. Jim DeMint (RS.C.) voiced concerns that the Senate passes over 90 percent of legislation without any debate, without amendment, and without a roll call vote (May 25, 2010).
Bullion & Coin Blogs
Gold De Royale Gold Bullion Investment
www.goldderoyale.com.au Gold De Royale is Asia Pacific’s leading supplier of Swiss precious metals for clients who would like to diversify their assets with gold, silver, palladium and platinum bullion. Gold and other precious metals is an important safe haven asset and an essential investment and saving diversification in these financial uncertain times. Empires and nations have sought to possess gold as a medium of international exchange, as a store of wealth and in order to increase and preserve power. Individuals have used gold as a store of wealth and as insurance against the fluctuations and depreciation of paper money and to protect against other macroeconomic and geopolitical risks. This video is a short commercial about Gold De Royale.
Bullion & Coin Blogs
500 DOLLAR SILVER – SO WHAT?!?!
Just a quick video explaining my position on Silver value and Dollar Debasement.Please Note: I am Not an Investment advisor, please do your own Due Diligence when making investment decisions, the examples im posting are my own personal Investment choices and are by no means an endorsement or reccomendation to do the same.
Bullion & Coin Blogs
Greek to US?
US Senator Jim DeMint (RS.C.), ranking Senate Republican on the Joint Economic Committee (JEC), released a new report and video examining the debt crisis in Greece and lessons for America to avoid a similar fate. The report includes research from JEC Republican staff and can be accessed here in PDF format: “REPORT — Greek to US?” (1.usa.gov “It is tempting for Americans to take comfort in the belief that the size and strength of the US economy will protect us from the consequences now facing Greece, but no nation is exempt from the basic laws of mathematics and economics,” said Senator DeMint. “A closer inspection of the Greek crisis suggests that the United States may not be far behind on the road to ruin and we ignore the lessons of Greece at our own peril.” FULL REPORT – 1.usa.gov OP-ED in Washington Examiner – bit.ly BLOG – 1.usa.gov News clips from Reuters, PBS, and EuroNews. Music from Incompetech.com.
Bullion & Coin Blogs
CHINA TO LIQUIDATE US TREASURY HOLDINGS, GREECE DEFAULT, EURO BANKS PLEDGE GOLD FOR DOLLAR FUNDS
Patriot Trading Group 1 (800) 951-0592 dealing in gold coins. Website: AllAmericanGold.com www.ft.com Five central banks are taking advantage of the coming Greece sovereign debt default. Knowing Greece will default (possibly by end of September 2011), European banks are in a rush to obtain dollars and the central banks are taking advantage of the situation by forcing the Euro banks to pledge gold held by their depositors in exchange for dollar funds loaned by the central banks. China was a big buyer of US treasury debt. Now China announces it will liquidate its US treasury holdings. Who will fund the US Government? Who will buy US treasury debt? For some time now it has been the Federal Reserve that is the primary buyer at US T-bill auctions. The FRS is buying US T’bills with money printed out of thin air. It is a situation that can not continue indefinitely and signals the inevitable collapse of the US dollar. Judging by the fact that numerous nations have bought and are buying tons of gold (including Mexico and South Korea), the world is going to gold backed currencies in the future. China urges its citizens to buy gold and silver.