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Virginia takes first step toward sound money

 
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Virginia takes first step toward sound money

This week, the Virginia House of Delegates passed Delegate Bob Marshall’s HJ 590. This legislation authorizes a study of the feasibility of Virginia adopting a “metallic-based” “currency” to protect the citizens of the Old Dominion in the event of a collapse of the US Dollar. The legislation still has to pass the Virginia State Senate. Virginia […]


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Is the Federal Reserve Insane?

  Yes, if one believes that the definition of insanity is doing the same thing over and over again and expecting different results. News reports indicate that, following Wednesday’s announcement that the Gross Domestic Product shrank by .01 percent in the fourth quarter of 2012, the Federal Reserve plans to continue pumping money into the economy […]


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US Senate once again rejects common sense

Only 35 senators supported Senator Mike Lee’s (R-UT) amendment to the bloated Hurricane Sandy “relief” bill.  The amendment would have required the bill’s $50 billion in new federal spending to be offset with a .5% across-the-board cut in domestic spending.  Senator Lee’s amendment did not cut one penny from the unconstitutional spending contained in the bill; it simply […]


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Bernanke: Geithner’s Buddha

According to media reports, in a private farewell speech, outgoing Treasury Secretary Timothy Geithner dubbed Ben Bernanke “the Buddha of central bankers.” This may seem over the top, but perhaps Secretary Geithner’s comments were based on the peace and tranquility the Fed’s record holdings of federal debt have brought statists of all parties. According to data released […]


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Campaign against Liberty?

Campaign against Liberty might be a more appropriate name for Organizing for Action, a new group formed by top operatives from President Obama’s 2012 reelection campaign, such as Obama’s Campaign Manager, Jim Messina, and top advisor, David Axelrod. First Lady Michelle Obama describes Organizing for Action as “the next phase of the movement for change.”  Since […]


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