Ron Paul Campaign for Liberty.We Must Never Forget the Greater Political Picture

June 26, 2008 Moseley,   You are wrong, dead wrong in your below conclusions. Let me explain.   The US economy greatly improved when paper money (“bills of credit”) was banished by the monetary provisions of the US Constitution. In the 1780s, the early states had stagnant economies as the direct result of paper currencies.  Gresham’s Law holds that bad money drives out good money, but this economic law was reversed when specie became the monetary standard.. » read more

Losing a Mint:: Curb on Coin Sales Angers Collectors

U.S. Begins Rationing Popular 'Silver Eagles'; How $1 Fetches $19 May 23, 2008; Page A1 The government rationed food during World War II and gasoline in the 1970s. Now, it's imposing quotas on another precious commodity: 2008 dollar coins known as silver eagles. The coins, each containing about an ounce of silver, have become so popular among investors seeking alternatives to stocks and real estate that the U.. » read more

3 Nordic Banks Help Iceland Prop Up Currency

May 17, 2008 FRANKFURT — In a show of Nordic solidarity, three central banks in the region have ridden to the rescue of Iceland, lending the island emergency credit of up to 1.5 billion euros ($2.3 billion) to shore up its swooning currency and forestall a broader economic collapse. The unusual collaboration is intended to calm the turbulence that has buffeted Iceland since the beginning of the year, when rumors of a banking crisis led speculators to bet against the country’s currency, the krona. The central banks of Sweden, Denmark and Norway announced the plan Friday, in the form of swap agreements that would give the Central Bank of Iceland access to as much as 500 million euros from each of them.. » read more

Iran Dumps U.S. Dollars in Oil Transactions

2008-04-30 20:32:52 Special Report: Iran Nuclear Crisis     TEHRAN, April 30 (Xinhua) -- Iran had totally removed U.S. dollars in the country's oil transactions, an Oil Ministry official said on Wednesday.     "The dollar has completely been removed from our oil trade... » read more

Meltdown of U.S. Dollar Underway as China Dumps the Currency

Sunday, April 13, 2008 (NaturalNews) Comments by China that it intends to move away from its reliance on the dollar triggered a sharp drop in the Dow Jones Industrial Average and heightened worldwide fears about the U.S. currency's stability. Chinese Central Bank Vice Director Xiu Jian said that his country is planning to shift much of its $1.4 trillion national currency reserve from dollars to more stable currencies, such as the euro or Canadian dollar.. » read more

Gold vs. Dollar (video)

Posted 4/7/08 TO VIEW THIS VIDEO CLICK ON: www.youtube.com/watch?v=z6NfXk7Bvc8. » read more

Dollar Dives To Near 13-Year Low vs. Yen

March 17, 2008 Greenback plunges after Federal Reserve slashes discount rate at emergency meeting. Last Updated: March 17, 2008: 12:08 PM EDT TOKYO (AP) -- The dollar nose-dived to its lowest levels in 12 1/2 years Monday in Asia, falling below 96 yen as the Federal Reserve's rate cut failed to calm market fears about more U.S. bank writedowns. The Fed on Sunday cut its discount rate, or its lending rate to financial institutions, by a quarter point to 3.. » read more

Venezuela Opts For Oil Contracts In Euros: Report

Saturday, March 15 10:09 pm CARACAS (AFP) - Venezuelan state oil giant PDVSA has decided to sign some oil contracts in euros in the face of a plummeting dollar, local media reported, citing officials. "There are some contracts in euros, contracts for crude, products and spot markets in euros. This is a subject which we are working on," said energy minister and Petroleos de Venezuela (PDVSA) chief, Rafael Ramirez, in an interview with the journal El Universal published Friday. It remained unclear which oil sales would require payment in euros. Venezuela, Latin America's leading petroleum producer, has previously backed Iran's proposals for OPEC to abandon the dollar and use the euro for oil pricing.. » read more

Bailout for Bear Stearns: Fed, JPMorgan act to save investment bank from collapse

NEW YORK On the verge of a collapse that could have shaken the very foundations of the U.S. financial system, investment bank Bear Stearns was bailed out Friday by a rival and the federal government. The near-miss raised new alarm about the credit crisis — and whether other big firms might be in jeopardy. The rescue came from JPMorgan Chase and, in an extraordinary step, the Federal Reserve, both rushing to pump new money into the venerable Wall Street firm after its financial state deteriorated so much in a 24-hour period that it threatened to fail.. » read more

Dollar's Clout Sinks Worldwide

Thursday 13 March 2008     Sao Paulo, Brazil - Antique store owners in lower Manhattan, ticket vendors at India's Taj Mahal and Brazilian business executives heading to China all have one thing in common these days: They don't want U.S. dollars.     Hit by a free fall with no end in sight, the once mighty U.S.. » read more

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