Nuttin new here...
Seven years of ZIRP has created yet another bubble (in bonds). And now we've got a Debt to GDP ratio of 105%.
USD/CAD is testing highs as news drives USD/CAD higher, can USD/CAD breakout to 2015 1.47 levels? Canada struggles for self-identity.
Ron Paul's bill to audit the Fed has passed in the House, 327 to 98.
There will now be a fierce battle in the Senate.
See this for background on why an audit is essential.
The Senate will pass this Bill,imo.
And place all USD in repo? LOL! Senate is already threatened not to pass this and you know it.
end the FED
and will fail in the senate......
one can only hope....
Then dies in the Senate... Next? Lobby to have the 9/11 files released?
Don't worry, the Senate will probably reject it.
This one is too big with too much money behind it to be left to simple votes determine its outcome.
House has too many people to buy off and too much exposure to the general population on current event negative Fed PR. The Senate on the other hand, they need significantly fewer shills.
I for one will email my senators and let them know that if they want my vote next time, they will vote "yes" on the Audit the Fed bill. This will, of course, be ignored, but I will feel better about it.
Parking lot stripes - Check.
Threshold - Check.
Soda machines - Check.
Paper in the press - Check.
Empty suits - Check.
Avoiding the conversation of what America really does with its money - Check.
Hon. John Corzine - External Auditor
Didwee Cheetum and Howe Inc.
<== Dog and Pony Show to get re-elected or;
<== real attempt to regain control of the country's economy.
One inept part of government investigating yet another part. That ought to be effective.
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