Wednesday, December 15, 2010

Bradley Manning's detention.

Bradley Manning, the 22-year-old U.S. Army Private accused of leaking classified documents to WikiLeaks, has never been convicted of that crime, nor of any other crime.Link

Fed ‘monopoly’ could be broken.

As the incoming chairman of the House monetary policy subcommittee, Rep. Ron Paul (R-TX) will hold the bully pulpit when it comes to the nation's money woes. He's not wasting any time getting right to the heart of the matter. The libertarian-leaning conservative has long been a critic of the US Federal Reserve and central banking as a whole, but this may be a new one: speaking with CNBC recently, Paul said he views the Fed as a "monopoly" that could benefit from the introduction of competition. "We should start ending the Fed by allowing competition," he said. "I don't like the fact that they have monopoly control. It's a cartel: they print the money. The Constitution really doesn't give them that authority. The Constitution said that only gold and silver can be legal tender. I want to legalize competition and allow individual Americans to use gold and silver in competition, as money. Today if you do that, you can go to jail.Link

Ron Paul rides again................

The Revolution is here! Searching for leadership, congressional Republicans have finally turned to Ron Paul. Well, to chair the House subcommittee on domestic monetary policy, at least. But that does put Congress's leading critic of the Federal Reserve in charge of the panel that oversees the central bank. Ben Bernanke, beware. The 12-term libertarian-leaning congressman from Texas has written a book-length manifesto – titled simply End the Fed – calling for the Federal Reserve's abolition. He will likely call leading Austrian economists affiliated with the Ludwig von Mises Institute to Capitol Hill to testify alongside staid mainstream economists. Fortune magazine recently asked, "Will the Fed be able to survive Ron Paul?".Link