Ron Paul explains the Subprime mortgage crisis and predicts the dollar collapse (VIDEO)

If you REALLY want to understand what happened in 2008 read Meltdown by Tom Woods. It’s not a tome. Quick read and common sense.

Everyday people would be wise to understand the basics of what is called “Austrian Economics.” The Austrians, not the people who run the Fed, or bobble along on CNBC and Bloomberg were the ones who were right about The Crash we saw in 2008 (and the Great Depression for that matter).

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If Conservatives Can’t Compete with ‘Santa,’ Then They Should Quit

Sorry. Had to post this one.

Everyone loves Santa. He brings gifts. No one wants to tell the kids that maybe it’s time for Santa to rein in the outlays. That’s a real bummer. And with a seemingly unlimited debt credit card why be “responsible” anyway? Let the good times roll.

Sorry wrong holiday.

Play Stations, new bikes, and welfare for all! Debt has no consequences! Hooray!!!

But what if we got MORE if Santa never showed up?

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Here are the 52 public companies that make the most money from the federal government

Image: CNBC

This headline comes from CNBC and is misleading. These companies don’t “make the most money from the FEDERAL GOVERNMENT,” Taxpayers are making these companies rich, not the government. It’s not the government’s money. It’s yours. Too many people forget this.

Why are we going into massive debt, in part, to pad the bottom lines of these companies?

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Euro ‘house of cards’ to collapse, warns ECB prophet

The European Union is eroding from its periphery and it is collapsing in pieces even in Germany and France. It is highly fragile and if real recessionary winds blow the EU will start to crumble at a faster pace.

We say the faster, the better.

The bureaucrats are clinging to the dream, but the dream has morphed into something very different for many in Europe. We can’t say that we’re disappointed.

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See Imperial Washington Up Close, the Weathiest Metro Area (BY FAR) in the USA —- VIDEO

This is Versailles.

I am extremely fortunate to be able to do what I do for a living. Most of the time I get to write about the news and work on other business projects from my base in the Shire of the Blue Ridge. Broadband is a beautiful thing. But every once in a while I leave the shire and go into Washington DC for meetings.

New Versailles.

I enjoy going believe it or not. There are many interesting and smart people who live and work there.

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The Fed’s Monetary Politburo Is Finally Catching Some Flack

One of the reasons I so enjoy Ron Paul (and there are many reasons) is because he raised the Federal Reserve as an issue in the eyes of the public. The Fed would have been very pleased to stay just as it was, a collection of supposed economic wizards gathered around the monetary cauldron in the Eccles Building. Obscured from view. In the shadows, where the “secrets of the temple” were shared with a select few and in hushed and important tones.

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Federal Reserve meets with protesters afraid that a rise in interest rates will hurt Dem election chances

Well they didn’t say that exactly but everyone understands that a rate rise from the Fed might send stocks tumbling along with Democratic chances of taking the White House.

It’s interesting that the Fed folks met with these protesters as they seem quite uninterested in meeting with people who actually protest the insanity of the central planning organization (and who know what it does). The Fed critics far outnumber activists simply concerned with higher interest rates.

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45 Years Without Gold (Standard)

Of course even when Nixon completely detached the dollar from gold we had a very very modified gold standard. But at least there was some tie to reality.

Now we live in an almost completely fiat system, though it can be argued – well – that oil is the de facto backer of US currency these days, the so called petrodollar. (Though some do not buy this argument.) Regardless we live in a highly financialized world with lots and lots of cheap money floating around.

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“The Japanification of the US” – Investors to central banks: We aren’t listening anymore

The headline is actually false. People still do listen to central banks. There still is the feeling that the economic drug dealer still has some cocaine to pump into the system. If investors weren’t listening at all we’d be seeing a much more interesting market.

But investors are listening less. Or perhaps more accurately, investors are listening but are much more dubious. The central bankers have long lost their wizard status, at best they are magicians, and even so people are catching the sleight of hand more and more often.

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