The Liberty Tree Lantern

It is not hard to see the motivation for oil exporters to move away from the dollar. The value of the US currency has fallen sharply since last year’s meltdown. And fears are growing, in the light of a spiraling US government deficit, that a further depreciation is likely. They do not want to sell their wares in return for a currency with an uncertain future.

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Because of this awesome power to create money out of thin air, the Fed has jumped in to stabilize ailing financial firms by pledging over $7 trillion through various guarantee programs and credit facilities. This is equivalent to over half of the entire nation’s GDP. Over $1 trillion of this is already in play, propping up banks and other institutions that should be allowed to fail. All of this has taken place with no oversight by Congress. The Fed was created by Congress, and it is unconscionable that we have allowed it to act in such a way without our oversight. Currently the Federal Reserve’s credit facilities, open market operations, and agreements with foreign governments and central banks are all exempt from any sort of audit or oversight. Earlier this year I introduced the Federal Reserve Transparency Act, HR 1207, that would remove all restrictions on Federal Reserve audits and call for a f ull audit of the Federal Reserve System to be completed by the end of 2010. At this writing, 245 of my fellow Congressmen have cosponsored this bill and we hope to have hearings in the near future. In the Senate, Republicans Jim DeMint, Mike Crapo and David Vitter have cosponsored S. 604, companion legislation introduced by Bernie Sanders. I am very encouraged by the tremendous growing momentum on Capitol Hill.

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It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.

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White men and skilled people shouldn’t receive any stimulus jobs or money.

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The privately held international company, owned by forty individuals mostly from Britain, called The Federal Reserve “System”, is a cartel of twelve private banks. The Chairman of “The Fed”, which is as “Federal” as Federal Express Corporation, stated that his company was looking for the following items to “control” our businesses, economy and, thereby, in reality our private lives. These recommendations, that can’t be refused, if you catch my drift, were communicated by Chairman Bernanke at the meeting this morning at the Council on Foreign Relations (CFR):

Government’s Must continue to take FORCEFUL, “COORDINATED”, action to restore financial markets.

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That eight hundred pound gorilla is the U.S. Government. And, if we don’t do something to shrink that behemoth to a sustainable size that does not suck so much air out of the vault we are going to die, some of us literally, due to lack of financial funds necessary for sustenance and life in this day and age.

The gorilla through sheer brute force and beating of his chest in intimidation, oppression and despotism, wants to designate and decide who and what amongst us is fair and how our economy should be divided up, rather than place those decisions in the hands of the “free” and, Heaven forbid, God.

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Drawing on what he says is historical precedence, a noted tax-reform activist claims Americans should not pay taxes to the federal government until it addresses a series of “grievances,” one of which concerns questions about the legality of the income tax.
Bob Schulz, founder of constitutional education organization We The People and planner of numerous tax-reform protests, says while government has a right to levy taxes, Washington is not entitled to them before addressing the people’s angst.

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The Liberty Tree Lantern thought that you might like to know about the U.S. Commitment to the United Nations Millennium Development Project where Hundreds of Billions of American Taxpayer money is going.  Isn’t that special?
 
And then some people wonder why our economy, in the United States, has gone to hell.  Nobody understands why there isn’t [...]

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Representative Ron Paul of Texas has placed the blame for the current economic downturn squarely on missteps taken by U.S. government.

In an exclusive column for CNN, Paul describes how government intervention in the market has resulted in artificially inflated prices that do not match consumer demand.

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Under the North American Union plans the D.O.T. of the U.S., under dark of night, allowed Mexican trucks free access to our roads, without the costly licenses our American truckers have to pay. So once again us taxpayers are forking the bill for illegals competing against our own, INSIDE OF OUR OWN COUNTRY.

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