Is this the death of the dollar?

06-21-2009 • Telegraph.co.uk/

 After two smugglers were stopped last week with what at first appeared to be $134bn in US state bonds, the tension and paranoia surrounding the fate of the dollar hit a new high.

Denninger: The Bond Saga Gets Bizzare

06-20-2009 • Market-ticker.denninger.net

 Uh, can we have some truth here folks, because none of what is being reported adds up and my BS detector is ringing off the hook.

Treasury to Auction $104 Billion In Debt Next Week, a Record

06-19-2009 • CNBC

The Treasury announced Thursday a record $104 billion worth of bond auctions for next week, part of its herculean efforts to finance a rescue of the world's largest economy.

The sales will exceed the previous record of $101 billion set in auctions that took place in the last week of April and consist of two-year, five-year and seven-year securities. That record was matched by another $101 billion week in May.

Though next week's total was broadly in line with expectations, worries about supply have weighed on the U.S. government bond market, which will see a mammoth $2 trillion worth of new debt issued this year.

"Maybe the Treasury market reacted a little negatively and it will continue to be like this," said Suvrat Prakash, U.S. interest rate strategist with BNP Paribas in New York. "Supply

Ron Paul: "We Should Have Transparency of the Federal Reserve"

06-19-2009 • youtube MSNBC interview

"They're giving a tremendous amount of more power to the Federal Reserve, the very institution that created our problem." Interview on
MSNBC with Carlos Watson

Ron Paul Slams Federal Reserve’s New Dictatorial Powers

06-19-2009 • Prisonplanet.com/

 Congressman Ron Paul told MSNBC that the Fed was now more powerful than Congress.

China Commodities Undercut US Dollar: Tighten the Leash

06-18-2009 • news.goldseek.com/GoldenJackass/

 China will continue to encircle the US dollar, to encircle the vast supply chain, and pursue what should be regarded as a tight noose around the neck of the US Govt. and US economy. Call it a pair of leashes as they walk the dog...

Federal Reserve: Who Are They Trying To Fool? (TNX)

06-18-2009 • Market-ticker.denninger.net

I mean, c'mon, $165 billion in Treasuries for sale in the next week? $31 billion in 3-month, $27 billion in 7-year, $40 billion in 2-year, $37 billion in 5-year, $30 billion in 6-month. Annualized this is $8.58 trillion dollars!

Ron Paul's Bill HR1207 To Audit Fed Sponsored By More Than Half Of House

06-18-2009 • www.huffingtonpost.com/

The effort to increase the transparency of the Federal Reserve's operations has picked up surprising momentum over the last month, and has now surged past the 218 votes needed for passage in the House of Representatives.

The bill boasts 222 cosponsors, with more and more rank-and-file members of Congress steadily signing on to a bill introduced in February by Rep. Ron Paul (R-Texas) to expand the authority of the Government Accountability Office to audit the Fed.

On Tuesday, Rep. John Boehner of Ohio, the Republican Leader, signed on. On Thursday, Sen. Jim DeMint of South Carolina, one of the chamber's most conservative members, joined Sen. Bernie Sanders of Vermont, perhaps the Senate's most liberal member, in cosponsoring a companion bill.

More than 50 Democrats have joined more than 150 Republicans so far to back HR 1207. A similar bill sponsored by Rep. Dennis Kucinich (D-Ohio) also has momentum and is on pace for a congression

Journalism at its finest!

06-18-2009 • Debbie Morgan- Take Back Washington

The question we should all be asking is, “Does Ms Hill really not know that the Federal Reserve is not “federal” or is she, and the Washington Post, by extension, feeding the public blatantly false information so as to keep them from realizing what is going on?

China's Investing in a New Currency... And It Ain't the Dollar

06-18-2009 • SeekingAlpha.com

 Indeed, China has already begun moving into a new currency, one that is neither fiat nor flawed. That new currency is natural resources.

Ron Paul on the Fed Power Grab

06-18-2009 • InfoWars.com & Bloomberg

Ron Paul discusses the latest power grab by the Federal Reserve.

New financial rules: Major changes for big, small

06-17-2009 • AP

Aimed at preventing a repeat of the worst economic crisis in seven decades, the changes would begin to reverse a determined campaign pressed in the 1980s by President Ronald Reagan to cut back on federal regulations.

Obama's plan, spelled out in an 88-page white paper, would do little to streamline the alphabet soup of agencies that oversee the financial sector. But it calls for fundamental shifts in authority that would eliminate one regulatory agency, create another and both enhance and undercut the authority of the powerful Federal Reserve.

In Triage Mode, Economic Team's Goal To Expand Fed's Power Trumped Others

06-17-2009 • Washington Post

Geithner asked the lobbyists what they were up to. When they explained they preferred that a council of regulators, rather than the central bank, safeguard the financial markets, Geithner silenced them with a string of obscenities: "I don't believe in rule by committee," he said.  

Obama's Reform Concentrates Still More Power in Hands of the Fed

06-17-2009 • Michael Shedlock / Mish

 Speed is always important when you are attempting to to set yourself up as prosecutor, judge, and jury.

Federal Reserve To Be Given Sweeping New Powers by Obama

06-16-2009 • InfoWars.com

 In other words, the Fed, which is already totally unaccountable to Congress, is to be placed in complete control of the entirety of the US financial system, to do as it wishes without repercussion.

$13.9 Trillion Total Maximum Government Support Announced

06-16-2009 • CalculatedRiskblog.com

 The report includes the following table showing all the government support announced in 2008 and soon thereafter. The maximum capacity is $13.9 trillion.

Audit the Fed bill can pass House!

06-13-2009 • Daniel Heller

Texas Congressman Ron Paul (R) is trying hard to pass a bill to audit the Federal Reserve. The question is why? Second: what exactly is the Federal Reserve? And, lastly, aside from those exhilarating finance majors who constantly watched CNBC as you drank too much beer in college, who cares?

E-Gold: Feds Shut Down Only Real Competitor to Their Bogus Fiat Money System

06-09-2009 • Wired.com

MELBOURNE, Florida — In a sparsely decorated office suite two floors above a neighborhood of strip malls and car dealerships, former oncologist Douglas Jackson is struggling to resuscitate a dying dream. Jackson, 51, is the maverick founder of E-Gold, the first-of-its-kind digital currency that was once used by millions of people in more than a hundred countries. Today the currency is barely alive. Stacks of cardboard evidence boxes in the office, marked “U.S. Secret Service,” help explain why, as does the pager-sized black box strapped to Jackson’s ankle: a tracking device that tells his probation officer whenever he leaves or enters his home. “It’s supposed to be jail,” he says. “Only it’s self-administered.”