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HomeR. Wenzel Further Exposes the Federal Reserve
Posted by Larry Doyle on May 7th, 2012 4:49 AM |
“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.” — Thomas Jefferson, U.S. President.
A week or so ago thanks to a regular reader, I highlighted an amazing speech given inside the New York Federal Reserve by Robert Wenzel, editor and publisher of the Economic Policy Journal. Wenzel took the Fed to the cleaners in his remarks which I welcomed highlighting in writing R. Wenzel: Federal Reserve An Unmitigated Failure.
Wenzel is certainly one of very few who have ventured into the inner sanctum of the Fed, laid it to waste, and then been able to talk about it. What more might this financial Indiana Jones have to say about the all powerful Federal Reserve? (more…)
Tags: Austrian economics, Austrian school of economics, classical school of economics, end the Fed, end the Federal Reserve, Federal Reserve, Indiana Jones of finance, Lew Rockwell, new york federal reserve, NY Fed, Robert Wenzel, Ron Paul, Thomas Jefferson, Thomas Jefferson quote about the Fed and banking, von mises
Posted in Federal Reserve, General | 1 Comment »
Ron Paul Freedom IRA
Posted by Larry Doyle on March 3rd, 2010 8:22 AM |
Might Uncle Sam look to confiscate your retirement accounts for purposes of funding our massive federal deficit and the enormous municipal pension gap? Initial steps are being taken in Washington that may very well lead to that reality. What can we do to protect our current retirement accounts and the sanctity of future retirement savings?
Support the introduction of a Ron Paul Freedom IRA. Where can we learn more about this? Let’s review analysis put forth by Ronald Holland, my guest on No Quarter Radio’s Sense on Cents with Larry Doyle on February 21st.
Ronald recently released the following report which provides a review of our current situation, the preparatory steps being taken in Washington to takeover your retirement accounts, and what we can do to protect ourselves. I recommend you read, review, and save this commentary as we will certainly want to refer to this in the months ahead.
Introducing the Ron Paul Freedom IRA
by Ron Holland (more…)
Tags: Freedom IRA, funding federal deficit, funding municipal pension gap, government controlled annuities, government takeover of retirement accounts, IRAs, Lew Rockwell, mandatory automatic IRAs, nationalization of retirement accounts, Newt Gingrich and Peter Ferrara Class Warfares Next Target, obama retirement trap, retirement funding, Ron Paul, Ron Paul Freedom IRA, Ronald Holland, Social Security Ponzi schemes, Social Security system, Teresa Ghilarducci, underfunded pensions
Posted in General, IRAs | 1 Comment »
Lew Rockwell Provides ‘Sense on Cents’
Posted by Larry Doyle on February 22nd, 2010 1:12 PM |
Continuing on our theme of pursuing truth, I am thrilled to have come across a recent interview that Lew Rockwell, the preeminent libertarian in the nation today, provided to The Daily Bell. This interview, “Lew Rockwell on von Mises, Ron Paul, Free-Markets, and the Future of Freedom”, is filled with incredible insights and perspectives.
While I am not one to promote political platforms, I am all for embracing those who desire the truth wherever it can be found. There is no doubt Lew Rockwell has a burning desire for this greatest of virtues.
I strongly recommend you read, ponder, and review Lew Rockwell’s thoughts and comments. He can certainly help us navigate the economic landscape. (more…)
Tags: antiwar.com, Atlas Shrugged, audit the fed, Austrian school of economics, Ayn Rand, Ellen Brown's theory, free markets, freedom movement, George Roche, gold vs dollar, Imprimis, Lew Rockwell, Lew Rockwell on von Mises Ron Paul Free Markets and Future of Freedom, libertarian, Mises Institute, Murray Rothbard, Ron Paul, Rothbard or Mises, Stephen Kinsella and Jeffrey Tucker, Sudha Shenoy and Hayek, Tea Party movement, The Daily Bell, the Enlightenment, von Mises school of economic thought, Walter Block Hans-Hermann Hoppe David Gordon
Posted in General | No Comments »
Sense on Cents 2009 Halls of Fame and Shame
Posted by Larry Doyle on January 4th, 2010 9:47 AM |
For those who missed last evening’s No Quarter Radio’s Sense on Cents with Larry Doyle Hall of Fame and Shame Induction, I am compelled to provide a recap and listing of all those honored or dishonored — depending on one’s perspective. What was the measuring stick to make these assessments? Very simply, the pursuit and promotion of truth, transparency and integrity as we navigate the economic landscape.
Some names you will immediately recognize, others you may not. Additional information about these individuals can be found via the search window (located above the right sidebar) at Sense on Cents. The names appear in no specific order of priority or importance. With no further adieu . . .
Sense on Cents 2009 Hall of Shame Inductees
1. Bernie Madoff
2. Nicholas Cosmo: ran financial scam at Agape World
3. Tim Geithner: tax cheat amongst other things
4. Larry Summers: arrogant, condescending, and sleep deprived
5. Auction-Rate Securities dealers and managers, especially Oppenheimer Holdings, E-Trade, Schwab, Pimco, Van-Kampen, Blackrock
6. The Wall Street Journal
7. George Soros
8. Chris Dodd (D-CT): reasons too numerous to mention
9. The Board of FINRA
10. Franklin Raines and Leland Brendsel: former CEOs of Fannie and Freddie
11. Wall Street management, especially Lloyd Blankfein of Goldman Sachs
12. Frank Dipascali: a special place in hell for Madoff’s CFO
13. Rahm Emanuel
14. Jimmy Cayne: CEO of Bear Stearns
15. Dick Fuld: CEO of Lehman Bros.
16. Congress collectively
17. Barney Frank (D-MA): reasons too numerous to mention, but start with “I want to roll the dice…”
18. Bank Stress Tests: a total sham
19. Allen Stanford
20. Steven Rattner: car czar
21. Bruce Malkenhorst: receiving a 500k pension from Vernon, CA
22. Barack Obama: just another politician (more…)
Tags: Acorn, Allen Stanford, Andrew Madoff, Angelo Haligiannis Ponzi scheme, Arianna Huffington, auction rate securites dealers, Bank Stress Tests, Barack Obama, Barney Frank, Ben Nelson, Bernie Madoff, Board of FINRA, Bob Rodriguez of FPA, Bruce Malkenhorst, Canadian Prime Minister Stephen Harper, Carmen Reinhart, cash for clunkers, Charles Bowsher, Charlie Doyle, Chris Cox, Chris Dodd, Chuck Schumer, Clifford S. Asness, Cohmad Securities, Colonel Elton Johnson Jr., Congress, Daniel Hannan, Dennis Kucinich, Dick Fuld, Edward Liddy, Elizabeth Warren, Erin Arvedlund, financial media, financial regulatory reform, Frank DiPascali, Franklin Raines and Leland Brendsel, George Soros, Goldman Sachs, Harvey Pitt, Helen Davis Chaitman, Helmut Kiener, Howard Kastel, incest between Wall Street and Washington, Jeff Gundlach, Jeffrey Picower, Jimmy Cayne, Joe Saluzzi, Joe the Plumber, John Edwards Mark Sanford Rod Blagoevich, John Mauldin, john wooden, Jonathan Cuneo, Jonathan Weil of Bloomberg, Judge Jed Rakoff, Judge Lawrence McKenna, Kenneth Rogoff, Larry Johnson, Larry Summers, Laurie Goodman of Amherst Securities, Lew Rockwell, Lloyd Blankfein CEO of Goldman Sachs, Madoff family, Mark Madoff, Marta Mossburg, Martin Feldstein, Mary Landrieu, Mary Schapiro, media in America, Mike Duggan of Domus, Nicholas Cosmo of Agape World, Oppenheimer Holdings E-Trade Schwab Pimco Van-Kampen Blackrock, Paul Keating, Paul Volcker, Pete Peterson Genevievette Walker-Lightfoot, Peter King, Peter Madoff, Peter Weinberg, Phil Trupp, PPIP, Raj Rajaratnam of Galleon Group, Rham Emanuel, Richard Greenfield, Richard Ketchum, Robert Benmosche, Robert Jaffe, Robert reich, Robert Rubin, Ronnie Sue Ambrosino, Ruth Madoff, Sean D'Arcy, SEC, Sense on Cents 2009 Hall of Fame Hall of, Sense on Cents 2009 Hall of Shame, Shana Madoff, Shelia Bair, Sin-Ming Shaw, SIPC, Sonny and Marcia Cohn, Steven Rattner, Susan Antilla of Bloomberg, Taylor Bean Whitaker, Tea parties, Thaddeus McCotter, The Wall Street Journal, Themis Trading, Thomas Hoenig, Tiger Woods, Tim Geithner tax cheat, Tom Lauria, truth transparency and integrity, Wall street management, Walter Noel, William K. Black
Posted in General, Sense on Cents | 31 Comments »
Wall Street’s Next Big Trade…
Posted by Larry Doyle on January 4th, 2009 7:45 AM |
Secretary of the Treasury Henry Paulson has become a household name over the course of 2008. Paulson has been roundly criticized for his mixed messages and inconsistent use of funds from the $700 billion TARP (Troubled Asset Repurchase Program).
While most of us have seen more of Henry than we would have ever cared, allow me to introduce you to another Paulson. John Paulson (no relation to Henry) is one of the most highly acclaimed and profitable hedge fund managers on Wall Street. While investment banks, hedge fund managers, and most asset managers were investing in and promoting sub-prime mortgages and the like, John Paulson was “going the other way.” In 2006, he started shorting sub-prime originators, the ABX (the CDS index that tracked the sub-prime market) and the investment banks that most heavily trafficked in this sector. He personally and the investors in his fund made tidy fortunes in the process.
The reason for my introducing you to John Paulson at this juncture is because he wants to enter the world of community banking. One may wonder why a titan from Wall Street would want to enter into the world of regional and community banking.
This past summer, the first large bank to fail was Indymac Bank located in Pasadena, CA. Since then there have been another 24 banks that have failed with another 200 on the FDIC “watch list.”
(more…)
Tags: FDIC, FDIC absorbs losses in bank liquidations, George Soros buys Indymac, J.C Flowers and Dyune Capital buy Indymac, John Paulson, Lew Rockwell, private equity firms buying banks, sale of Indymac to private equity and hedge funds, Texas ratio, Wall Street's next big trade
Posted in Bank Failure, FDIC, Hedge Funds, Henry Paulson, TARP, Wall Street | No Comments »
