1934: Congressman McFadden on the Federal Reserve Corporation; Remarks in Congress

On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON. The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has YET TO BE ACTED ON. Continue Reading

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2001: Questions & Answer Summary About Money

Public Policy and Informational Issues By Lawrence Parks February 17, 2001 Question: What is the purpose of money? The purpose of money is to facilitate the transfer of value over space and time. In other words, we use it to exchange wealth geographically, and to provide for future payment. Without money, which is in effect an intermediate good used for trading, it would become very difficult to have a Continue Reading

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2007: Cashless society by 2012, says Visa chief

By Tim Webb Published:11 March 2007 Paying for goods with notes and coins could be consigned to history within five years, according to the chief executive of Visa Europe. Peter Ayliffe said that, by 2012, using credit and debit cards should be cheaper and more convenient than cash. Some retailers could soon start surcharging customers if they choose to buy products with cash, because of the greater cost of Continue Reading

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2007: The Alarming Parallels Between 1929 and 2007

Robert Kuttner The American Prospect Wednesday October 03, 2007Testimony of Robert Kuttner Before the Committee on Financial Services Rep. Barney Frank, Chairman U.S. House of Representatives Washington, D.C. on October 2, 2007Mr. Chairman and members of the Committee: Thank you for this opportunity. My name is Robert Kuttner. I am an economics and financial journalist, author of several books about the economy, co-editor of The American Prospect, and former Continue Reading

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2008: 2012 and the Economy

Column: The money matrix Posted on Monday, 18 August, 2008 | 4:12 | Phillip Tilley: To solve a problem, you have to first know you have a problem. Most of us fail to recognize that in fact there is a problem, and there lies the problem. The problem is, we actually believe we are a free people living in a free country with a robust free market economy. We Continue Reading

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2008: The Purpose of the Economic Meltdown

by Carolyn Harris 12/16/08 We all know economic depression here, and some of us have an inkling about what is coming. The governments vacillate between spewing gloom and doom and ridiculous ‘happy fun clown time’ gibberish at the great unwashed masses depending upon whether they want fools to buy into the stock market at that particular time to make certain fat cats even richer, or they want those fools Continue Reading

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2009: Just The Early Stages of Economic and Financial Collapse

Posted: January 21 2009 Further declines in real estate, banks bankrupt, lower class, middle class, and upper class borrowers are all in trouble now, plenty of pain ahead for all lenders and borrowers, Little in loans whether it be bailouts or personal loans will ever be paid back The real estate crisis is probably only about 40% over. They’ll be further declines, residential and commercial, and then a basing Continue Reading

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2009: Looking Back on the Greatest Depression

Gerald Celente Daily Reckoning May 7, 2009 Image via Wikipedia On average, world trade fell 31 percent in January 2009. To varying degrees, recession and depression gripped globally. “The outlook for global consu mption remains bleak. Exports are likely to remain lackluster until global consumers regain their appetite for consumption,” wrote Jing Ulrich, managing director at JPMorgan in Hong Kong, in response to the dire data. To track and Continue Reading

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2009: The Ongoing Cover Up of the Truth Behind the Financial Crisis May Lead to Another Crash

by Washington’s Blog Global Research, October 15, 2009 Washington’s Blog William K. Black – professor of economics and the senior regulator during the S & L crisis – says that that the government’s entire strategy now – as during the S&L crisis – is to cover up how bad things are (“the entire strategy is to keep people from getting the facts”). Indeed, as I have previously documented, 7 Continue Reading

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2009: WHY THE US ECONOMY WILL NOT RECOVER?

For some years I have been writing about the impending economic collapse of the USA and the Anglo-Saxon nations.  This economic collapse is now unfolding.  What will be the impact on the global economy, and can it be saved? The key reason why the world is facing this economic crisis is that some nations have been spending far more than they earn, while others have been accumulating large surpluses Continue Reading

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2011: Financial Meltdown: The Case Against the Ratings Agencies

By Prof. Michael Hudson URL of this article: www.globalresearch.ca/index.php?context=va&aid=26088 Global Research, August 20, 2011 In today’s looming confrontation the ratings agencies are playing the political role of “enforcer” as the gatekeepers to credit, to put pressure on Iceland, Greece and even the United States to pursue creditor-oriented policies that lead inevitably to financial crises. These crises in turn force debtor governments to sell off their assets under distress conditions. Continue Reading

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2012: The Golden Rule

http://members.aol.com/trajcom/private/goldrule.htm The Golden Rule By Gary W. Harding If the global economy is so good for us, why are so many people seeing their incomes go down; why are so many being downsized and outsourced? For the last two decades, there has been a pervasive feeling that something has gone terribly wrong. The rich are getting richer while the poor are getting poorer. The middle class is slowly sinking Continue Reading

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