Conveniently announced after market close on a Friday, frankly I’m surprised they didn’t do it last Friday with a 3 day weekend to help mute the response, the U.S. Government is going to take over Fannie Mae and Freddie Mac in a bailout that will cost taxpayers tens of billions of dollars and effectively wipe [...]

Continue reading " Government Takes Over Fannie and Freddie (but everything’s fine) "

Watch this short video showing Ron Paul reply to Bernanke’s statement about the Fed not being responsible for the value of the dollar, only stable prices.
[youtube=http://www.youtube.com/watch?v=gldETRlhiXk]
Ron Paul argues that it’s impossible to have stable prices if the money you price things in isn’t stable. Bernanke smirks during Paul’s lecture but in the end essentially and [...]

Continue reading " Ron Paul Gives Ben Bernanke A Lecture About Value Of Dollar "