Money

Elliott Spitzer calls Federal Reserve a “Ponzi scheme”

By Tracy R Twyman

From Raw Story:

The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.

In a wide-ranging discussion of the bank… »

House Financial Services Committee asks Bernake how much power they should give him and when

By Tracy R Twyman

If you want to cringe with embarrassment for your own government, watch C-SPAN’s coverage of Ben Bernake’s testimony today before the House Financial Services Committee.

Everyone asks the same sort of questions. How does the economy work? How much power should we give you? What would you like us to do for you?

Rep. Kenny Marchant of… »

Credit card companies rate you based on what you buy and where

By Tracy R Twyman

I heard someone talking about this the other day and had to check it out for myself. And it’s true. From creditcards.com:

What you buy and where you shop may affect your credit score.

As credit card companies continue to tighten their lending standards on card users, some are using purchasing data — gleaned from millions of… »

Give your house to the goverment and pay rent to them!

By Tracy R Twyman

This is an even crummier deal then a reverse mortgage. You don’t get any credit for your equity and you don’t actually get to stay in your home for the rest of your life, just “several years.” Is that when they euthanize you? From Reuters:

U.S. government officials are weighing a plan that would let borrowers… »

Bernake predicts “a jobless recovery”

By Tracy R Twyman

From Reuters:

Federal Reserve Chairman Ben Bernanke sees the possibility of continued high unemployment even after the recession loosens its grip, a key U.S. senator said on Monday after talking to him.

“It was a rather sobering meeting,” Richard Shelby, an Alabama Republican, said on CNBC.

“I said, … ‘Could this be a jobless recovery?’ … and he… »

Tracy R. Twyman on the Odyssey show with Mike Schultz

By Tracy R Twyman

I am the Odyssey cable show this month and next being interviewed by Mike Schultz. There are two episodes. They can be viewed at the following times on the following channels on cable in the Portland, Oregon area.

First Episode:

Monday 7/13/2009, 11:30 PM, Channel 11
Wednesday 7/15/2009, 4:00 PM, Channel 23
Friday 7/17/2009, 3:00 PM, Channel 22

Second episode:

Monday… »

Original Treasury Department Seal proclaimed it the treasury of “North America”

By Tracy R Twyman
US-DeptOfTheTreasury-Pre1968Seal

I don’t even know what to make of this but I thought it was interesting so I decided to share it.

This is from the Treasury Department’s website:

Treasury Department records indicate that the actual creator of its seal probably was Francis Hopkinson, who is known to have submitted bills to the Congress in 1780 authorizing… »

From “Unitas” to “Unity in Diversity”: Medvedev shows off global currency coin at G8 meeting

By Tracy R Twyman
unitycoin

At the Bretton Woods conference in 1944, delegates discussed the possibility of a world currency. Roosevelt originally anticipated a currency called the “Unitas”, and asked his Treasury Secretary to come up with a design proposal for it. John Meynard Keynes proposed the creation of a global currency called the “Bancor.” Eventually the delegation agreed instead… »

Hearings on HR-1207 (Audit the Fed) begin in House Financial Services Committee

By Tracy R Twyman

Ron Paul’s opening statement:

[LINK]

Ron Paul questions Fed Vice-Chairman Kohn:

[LINK]

Also, watch Jim DeMint trying to introduce the Senate version of the Federal Reserve audit bill (he wasn’t… »

Pope calls for world government, global economic regulation

By Tracy R Twyman

In a scene right out of a Christian apocalypse movie, today the Pope called for a global government and economic system. From Reuters:

Pope Benedict on Tuesday called for a “world political authority” to manage the global economy and for more government regulation of national economies to pull the world out of the current crisis and… »

Greenbacks, Bimetallism and Mysticism

By Tracy R Twyman
greenbackfront

We have already noted the metaphors of monetary policy in Frank L. Baum’s Wizard of Oz, who supported the issue of debt-free Greenbacks and the return of the money power to Congress. What I forgot to mention at the time was that Frank L. Baum was a member of the Theosophy movement of Helena Blavatsky…. »

Is fiat currency good or bad?

By Tracy R Twyman

The answer: no. It is neither. It is a powerful magical tool that, like the Holy Grail or the Spear of Destiny, can be used either for good or for evil. The same is true of gold and silver coin. What makes a certain type of money good or bad is who controls its flow… »

Tracy R. Twyman on WRJN with Alan Eisenberg

By Tracy R Twyman

They finally posted a podcast of the interview I did two weeks ago on WRJN in Wisconsin with Alan Eisenberg. It’s in two parts: PART 1

And PART 2 (which is also, incorrectly, labeled “Part 1″ on the station’s… »

Bernake’s voice quivers as he blatantly lies to congress

By Tracy R Twyman

Dan Burton almost made him cry.

Link:… »

Compulsory Obamacare: $5000 deductable

By Tracy R Twyman

So the Democrats are planning on ramming this health care legislation down our throats, which will force poor people to buy health insurance from the government. But the government plan has a $5000 deductable. Which means that you may be forced to pay hundreds of dollars a month for a plan that will only be… »

The Tyrannicam: Personal Handheld Anti-Tyranny Device

When tyranny strikes, be ready to record and expose it.

Political Pink Slip Postcards: Fire Your Representatives!