Repeal The Federal Reserve Act

Bumbling Ben Bernanke is a pompous ass. Here's Proof:

Ron Paul Confronts Bernanke at Joint Economic Hearing [Video]
http://news.goldseek.com/RonPaul/1222288693.php

Congressman Ron Paul takes Bumbling Ben to the woodshed, and dares to ask under what authority The Federal Reserve believes they can print money and create credit out of thin air. Bumbling Ben eludes the question and hides behind the "constitutionally illegal" Federal Reserve Act. If the Congress were serious about ending this "financial crisis", they would allow the banks to fail, and then disband the Federal Reserve for their failure to "regulate" the banking system. Bernanke and Paulson are fascist swine and both should be imprisoned.

Bob Chapman, The International Forecaster
After over 40 years of financial reporting and analysis, we can say, without hesitation, that the 700 billion bailout plan proposed by Fed Chairman Buck-Busting Ben Bernanke and Treasury Secretary Hanky Panky Paulson, on behalf of the Caligula Administration, is the most abusive and piggish fascist scheme we have ever heard proposed. This is the living, freaking, end. We sit here stunned and stupefied at the sheer arrogance of a corporatist, fascist plan, so saturated with moral hazard, that it can only be described, to use the words of Jean-Pierre Roth, president of the Swiss National Bank, in his description of the breakdown in American lending standards, as "unbelievable!"
http://news.goldseek.com/InternationalForecaster/1222323360.php

The International Forecaster hits a home run with this essay and touches all the bases. Please read in its entirety and forward to your address book. This "bailout" MUST BE STOPPED!

Proposed $700 Billion Bailout Is Too Little, Too Late to End Debt Crisis
JUPITER, FL, September 24, 2008 — The proposal before Congress for a $700 billion financial industry bailout will not only fail to end the massive U.S. debt crisis but could actually aggravate the crisis by driving up interest rates, according to a white paper submitted to Congress and banking regulators today by Weiss Research, Inc. Therefore, Weiss recommends limiting and reducing the bailout as much as possible, while bolstering existing safety nets for consumers.
Based on recently released FDIC and Federal Reserve data, Weiss Research finds that:

1. 1,479 U.S. banks and 158 U.S. thrifts are at risk of failure, with total assets of $3.6 trillion, or 36 times the assets of banks on the FDIC's list of troubled institutions.

2. Among those with $5 billion or more in assets, 61 banks and 25 thrifts are heavily exposed to nonperforming mortgages.

3. The bailouts announced and proposed to date, although expected to cost over $1 trillion, are too small to rescue most institutions at risk, let alone address multiple problems with U.S. interest-bearing debts outstanding of $51 trillion and derivatives held by U.S. banks of $180 trillion.

Martin D. Weiss, president of Weiss Research, comments: "There should be no illusion that the $700 billion estimate proposed by the Administration will be enough to end the crisis. Nor should there be any false hopes that the market for U.S. government securities can absorb the additional burden of a $700 billion bailout without putting major upward pressure on U.S. interest rates, aggravating the very debt crisis that the government is seeking to alleviate."
http://www.moneyandmarkets.com/Issues.aspx?Weiss-Research-Press-Release-on-Federal-Bailout-2328

This is another absolute must read. Martin Weiss hits the nail squarely on the head. Again, please read in its entirety, and forward to your address book. EVERYONE should be on the phone to their Congressman expressing their disgust with this fascist bailout plan the swine Bernanke and Paulson are trying to force feed the Congress. It is high time this Congress stand up to these crooks. And it's high time this Congress recognize the US Constitution and shut these crooks down and delete the Federal Reserve Act from existence. The country faces "grave consequences to it's financial system" BECAUSE of the US Federal Reserve. It will not be saved by it...be assured of that people.

I will return next week from my vacation to "The Land Of 10,000 Lakes" next week. Until then, be wary of the lies emanating from Washington and Wall Street, and make every effort to spread the TRUTH.

GOLD BABY!