Economic Stories of Relevance in Today's World -- December 22, 2013

The Hound: This week marks the 100th Anniversary of the Federal Reserve. Passed before the Congressional Christmas Break on December 23, 2013, it created the biggest change in the monetary and economic system in this country's history. The Dollar is now worth 1% of what it was 100 years ago today. The modern Socialist State was created through this Act. Individual freedom has been destroyed. We have Overlords who were never elected ruling over us. They control us through the monetary system. That goes against this nation's founding principle.


On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever - The Economic Collapse Blog - Michael Snyder - December 22nd, 2013 - December 23rd, 1913 is a date which will live in infamy.  That was the day when the Federal Reserve Act was pushed through Congress.  Many members of Congress were absent that day, and the general public was distracted with holiday preparations.  Now we have reached the 100th anniversary of the Federal Reserve, and most Americans still don't know what it actually is or how it functions.  But understanding the Federal Reserve is absolutely critical, because the Fed is at the very heart of our economic problems.  Since the Federal Reserve was created, there have been 18 recessions or depressions, the value of the U.S. dollar has declined by 98 percent, and the U.S. national debt has gotten more than 5000 times larger.  This insidious debt-based financial system has literally made debt slaves out of all of us, and it is systematically destroying the bright future that our children and our grandchildren were supposed to have.  If nothing is done, we are inevitably heading for a massive amount of economic pain as a nation.  So please share this article with as many people as you can.  The following are 100 reasons why the Federal Reserve should be shut down forever...

The Taper Is On – 8 Ways That This Is Going To Affect You And Your Family - The Economic Collapse Blog - Michael Snyder - December 18th, 2013 

100 Years Is Enough: Time to Make the Fed a Public Utility - WashingtonsBlog - Guest post by Ellen Brown -  December 23, 2013

G. Edward Griffin Unmasks the Creature from Jekyll Island - The Corbett Report - December 19. 2013 - On the eve of the 100th anniversary of the passage of the Federal Reserve Act we talk to G. Edward Griffin, author of The Creature from Jekyll Island, about America’s central bank. We discuss the origins and functions of this monstrosity, as well as its role in maintaining and expanding the wealth and power base of the banking cartel that own and operate it. We also discuss the growing public awareness of the Fed and the rising movement of those seeking to abolish it.
Link to Interview


Why John Boehner And Paul Ryan Should Immediately Resign - The End of the American Dream Blog - Michael Snyder - December 11th, 2013 -  Thomas Jefferson once said that “the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”  In other words, he believed that government debt was the equivalent of stealing money from future generations on a massive scale.  Right now, the U.S. government is stealing roughly $100,000,000 from future generations of Americans every single hour of every single day.  And it is being projected that the U.S. national debt will more than double during the 8 years of the Obama administration.  In other words, the federal government will pile more debt on to the backs of our children and our grandchildren during the Obama years than had been accumulated during all of the rest of U.S. history combined.  The federal government is literally destroying the future of America, and what we are doing to our children and our grandchildren is beyond criminal.  If there was one thing that the Republicans in Congress were supposed to do, it was to do something about all of this debt.  These days Republicans can’t seem to agree on much, but the one issue that virtually all “conservatives” were supposed to agree on was the national debt.  The American people gave the Republicans control of the House in 2010 and 2012 for a reason.  Unfortunately, nothing has been done.  Our debt has continued to spiral out of control and now John Boehner and Paul Ryan are pushing a “budget deal” that will essentially give the free-spending Democrats virtually everything that they want for the next 10 years.  That is why John Boehner and Paul Ryan should immediately resign.


Dr. Paul Craig Roberts - Interview on King World News - December 22, 2013 - Link to Interview - Dr. Roberts speaks about Fed tapering saying it doesn't make any sense and it doesn't appear that they have stopped QE.  They are manipulating the stock market. There will be more manipulations in the days to come.  The current financial system is lawless.  The Press is not investigating any of this.  The Central Bank has become a Central Planning System (Socialist). The Capital Market decides nothing. There is no Free Market... GDP has been manipulated. Everything is manipulated. There is no basis for recovery of the economy.


Ten Cities Where Poverty Is Soaring - Wall St. 24/7 - Michael B. Sauter and Thomas C. Frohlich - December 5, 2013 -
5. Salisbury, N.C.
> Poverty increase: 12.4 ppt
> 2010-2012 Poverty rate: 28.4%
> Median household income: $33,083
> Population: 33,596

During the three-year period ending in 2009, Salisbury’s poverty rate of 16% was about 3% higher than the national rate. In the following three-year period between 2010 and 2012, the city’s poverty rate was approaching 30%. Salisbury has traditionally relied heavily on the manufacturing sector, particularly textiles and fabrics. In recent decades, however, manufacturing activity has declined significantly and continues to do so. Between 2010 and 2012, manufacturing jobs in Salisbury — as a percent of the workforce — shrank from 15.5% to 8.3%.