Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard

“I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed,” Allison wrote in 2014 for the Cato Journal, a publication of the institute.

I like John Allison. A few years ago I helped put together a forum on Wall Street in which John Allison participated. Since then I’ve talked with him a couple of times. In another life I worked for BB&T while Allison was CEO of the company.

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To Really ‘Make America Great Again,’ End the Fed!

By RON PAUL

Former Dallas Federal Reserve Bank President Richard Fisher recently gave a speech identifying the Federal Reserve’s easy money/low interest rate policies as a source of the public anger that propelled Donald Trump into the White House. Mr. Fisher is certainly correct that the Fed’s policies have “skewered” the middle class. However, the problem is not specific Fed policies, but the very system of fiat currency managed by a secretive central bank.

Federal Reserve-generated increases in money supply cause economic inequality.

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Deficit Hawks May Not Be Part of Donald Trump’s Washington

Interest rates rising may throw a wrench into this before it gets really started. The cost of servicing the current debt will explode with higher rates. The bigger the debt, the bigger the burden on taxpayers to service the debt when rates move up.

We don’t need more taxpayer financed, debt financed infrastructure projects. We need to get things in line with fiscal reality. A bunch of new federal spending is NOT what this country needs. But, this is why Trump was able to turn much of the unionized Midwest to him.

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A Cash Ban is Coming to the US

(From Zerohedge)

India’s decision to ban Rupee notes above 500 has become the financial media’s topic du jour.

However, India is in fact just the latest in a series of countries to ban physical cash in higher denominations.

The war on cash has been going on since at least 2014 if not earlier.

To that end, France has banned any transaction over €1,000 Euros from using physical cash.

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Regulators fine JPMorgan $264 million for bribery violations

This is a wrist slap. Most other companies are threatened with jail time for executives, forced to agree to long probationary periods, and forced to hire friends of regulators at inflated fees to “monitor” them for years. JPMorgan wanted to settle this with Obama still in office.

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A (mostly) fair article about Steve Bannon from BI: All you have to do to understand Trump’s embattled chief adviser is read his own words

I once interviewed Steve Bannon at the National Press Club. He was part of a panel on “the future of conservatism.” I’ve spoken to him a few times and I’ve written a number of articles for Breitbart over the years. He strikes me as a tough, bulldog of a guy. He doesn’t take any guff and he knows the tactics of the social justice warriors better than most of the social justice warriors themselves. He can out Alinsky the Alinskyites.

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Trump wants to eliminate two old regulations for every new one created, Did Canada inspire this policy idea?

According to Trump’s 7 point plan for the first 100 days he wants to institute a requirement that;

“for every new federal regulation, two existing regulations must be eliminated.”

In Canada they did something similar recently (though it was only one regulation removed for each one created) and a few months ago ACC argued that we should try a similar tack in the USA. ACC would have been happy with a 1 for 1,

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Parliament must now vote on Brexit rules court

The anti-Brexit, pro-crony, pro-EU forces weren’t going to just give up. The banks want to stay in the EU and historically the banks have gotten what they want. There are similar parallels in this country.

Love that the anti-Brexit people are all concerned about British law now.

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Cash, no credit: Libertarians shake up Minneapolis suburb

Interesting that these little libertarian enclaves are popping up around the country. I live in one outside of Charlottesville Virginia. There are others in places like New Hampshire and even California.

What a concept. Pay as one goes. How radical!

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Society Without the State | Speaker Panel: Ron Paul, Judge Andrew P. Napolitano, Lew Rockwell, Jeff Deist, and David Gordon (VIDEO)

OK, this is a pure dose of some libertarian/free enterprise white lightning. It’s hardcore and it will blow the minds of many of our statist friends who visit this site. Personally I find these arguments to be pretty much common sense. But the ideas below are not “officially approved” opinions. The video will challenge the thinking of many people. So be warned. (Just a trigger warning for all you socialists out there. For the record many of the great free marketeers in history started as socialists.) 

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Millennials vs. Mutant Capitalism

We don’t call it “mutant capitalism,” we call it crony capitalism. But the main point made in the attached article is vitally important.

What many young people know as “capitalism” is not capitalism. They’ve known only crony capitalism. Many young people have never seen a world in which the economy was allowed to breathe and one where people were generally free to start businesses and carve out a claim while helping fulfill the needs and desires of their fellow humans.

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The Consumer Financial Protection Bureau is ruled unconstitutional

The CFPB is/was housed within the Federal Reserve. The funding for the CFPB comes/came from the Federal Reserve. That’s a problem as Congress is the entity which is to allocate money for such programs.

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