Run Ron, Run!.......

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Federal Reserve opens credit line to Europe.

WASHINGTON – The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent. Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan also are involved in the dollar swap effort. The move comes after the European Union and International Monetary Fund pledged a nearly $1 trillion defense package for the embattled euro, hoping to calm jittery markets and halt attacks on the eurozone's weakest members. The ECB also jumped into the bond market Sunday night, saying it is ready to buy eurozone bonds to shore up liquidity in "dysfunctional" markets...Link

Is There Any Gold in Ft. Knox?........

Congressman Paul, long the leader in American public life for sound money, sound banking, and the free market, talks about the progress of his Audit the Fed bill – and why the Fed, the Treasury, and the banksters fear it. He also discusses the crisis in Europe and especially Greece, and the Fed’s sinister and secret role. We know why the Fed wants its secrets kept safe from the American people, about what banks and other institutions it bails out by printing new money. But why do they so fiercely resist a physical audit of the gold at Ft. Knox and the vaults of the NY Fed? What are they hiding? Did far more US gold flow overseas under LBJ and Nixon than is admitted? Has some or all of the remaining gold been sold, though it is still physically in the US? Ron Paul, and all of us, wants some answers...Link

The military tries nation-building in Afghanistan.

When asked whether nationalism is putting down roots in Afghanistan's tribalized society, Gen. David Petraeus is judicious: "I don't know that I could say that." He adds, however, that "we do polling" on that subject. When his questioner expresses skepticism about the feasibility of psephology -- measuring opinion -- concerning an abstraction such as nationalism in a chaotic, secretive and suspicious semi-nation, Petraeus, his pride aroused, protests: "I took research methodology" at Princeton. There he acquired a PhD in just two years: His voracious appetite for knowing things is the leitmotif of his career...Link

Environmental Terrorist.

Environmental Terrorist Concern grew Sunday that the US Gulf coast is facing a whole new level of environmental disaster after the best short-term fix for a massive oil spill ran into serious trouble. BP's giant containment box lay idle on the seabed as engineers furiously tried to figure out how to stop it clogging with ice crystals. The British energy giant, which owns the lion's share of the leaking oil and has accepted responsibility for the clean-up, has tried to banish the notion that the dome is a "silver bullet" to end the crisis. But should efforts fail to make the giant funnel system effective, there is no solid plan B to prevent potentially tens of millions of gallons of crude from causing one of the worst ever environmental catastrophes...Link