 | We DON'T Have High Gas Prices Shows how the debasing of the currency is the REAL cause of high gas prices. Here is the WSJ article with the chart Dr. Paul references in the video http://online.wsj.com/article/SB119941453085566759.html?mod=googlenews_wsj CFR Corporate Membership List http://www.cfr.org/about/corporate/roster.html Congressman Paul Calls for Hearings on Oil Prices and the Dollar Washington , DC - Congressman Ron Paul, ranking member of the Subcommittee on Domestic and International Monetary Policy, has written a letter to Chairman Barney Frank of the House Financial Services Committee calling for a hearing on the relationship between the falling value of the dollar and the recent rise of oil prices, noting: "The price of oil is currently among the most pressing issues to American workers. Congress should be examining all factors contributing to the high cost of oil, and monetary policy is one of the key factors in the run-up in price." The letter also points out that the price of oil in dollars has risen 39% this year. Oil in Euros has only risen 30% therefore the degraded purchasing power of the dollar accounts for at least 80 cents of the increased price of a gallon of gas. "Neither the Federal Reserve nor the Treasury Department have been willing to take responsibility for the dollar's slide over the past several years, while American consumers have been forced to pay continually higher prices for gasoline, heating oil, and numerous other imported products upon which Americans depend... American consumers cannot afford to allow continued lax Congressional oversight of the Federal Reserve and the Treasury Department's duties as stewards of the dollar, especially since the dollar is a major factor in the skyrocketing price of oil," the letter concludes. Besides himself, 16 other Representatives signed on to the letter, including ranking member of the House Committee on Financial Services Spencer Bachus, and Chairman of the Republican Study Committee Rep. Jeb Hensarling. http://www.house.gov/paul/press/press2008/pr063008.htm |
 | Shiller comparing current situation to Great... ... Depression prelude! 1/29/2008 ___________________________________ Housing Bust Recovery in 1930s http://www.youtube.com/watch?v=KlkOPAa4Mao ___________________________________ http://www.ft.com/cms/s/0/3a6ad6d0-d014-11dc-9309-0000779fd2ac.html US consumers in cautious mood By James Politi in Washington Published: January 31 2008 16:12 | Last updated: January 31 2008 16:12 The sharp slowdown in the US economy was highlighted on Thursday as fresh data showed that consumer spending rose a meagre 0.2 per cent in December and jobless claims moved unexpectedly higher last week. The data on consumer spending from the commerce department, though slightly above expectations, was the weakest since September 2006, and contrasted with a 1.1 per cent gain in November. It confirmed that even as retailers tried to attract customers with heavy discounts during the holiday season, US consumers spent cautiously. Personal income rose 0.5 per cent in December, also slightly above expectations. The personal consumption expenditure price index, excluding food and energy, rose 2.2 per cent, providing evidence that inflation could remain a concern for US policymakers. Recession fears came sharply into focus this week after it emerged that the US economy grew by 0.6 per cent in the fourth quarter. The Federal Reserve on Wednesday cut interest rates by 50 basis points - on top of its 75 basis point emergency easing of monetary policy last week -- in an effort to tackle the slowdown. Among economic indicators, one relatively bright spot recently was the weekly jobless claims data. But on Thursday, it emerged that the number of workers who filed for unemployment benefits last week rose sharply, by 71,000 jobs, to 375,000, or the most since Hurricane Katrina hit in September 2005. "After a series of low-side readings this increase clearly raises fresh questions about the health of the labour market," said JPMorgan's economics research team. On Friday, the US government will release its monthly jobs report, which could provide economists with a better reading of employment trends. ___________________________________ Housing Meltdown Why home prices could drop 25% more on average before the market finally hits bottom http://www.businessweek.com/magazine/content/08_06/b4070040767516.htm ___________________________________ |
 | 17th Annual Conference:Sovereign Wealth Fund Investment 7/10 Moderators: Mr. Donald W. Tang*, Vice Chairman, Bear Stearns & Co, Inc. Ms. Henny Sender, International Financial Correspondent, Financial Times Panelists: Mr. Jesse Wang, Deputy General Manager, China Investment Corporation Dr. Richard H. Clarida, Executive Vice President and Global Strategic Advisor, PIMCO Mr. Robert Kaproth, Director, International Monetary Policy, U.S. Department of the Treasury |
 | Why Ron Paul MUST WIN: #2 The Economy Ron Paul makes it clear and specific about what he would do for our economy, if he is elected President. Rep. Ron Paul: I advocate the same foreign policy the Founding Fathers would http://www.unionleader.com/article.aspx?headline=Rep.+Ron+Paul%3A+I+advocate+the+same+foreign+policy+the+Founding+Fathers+would&articleId=cc287b0f-941c-4b07-88e9-9e992810f700 Money is the lifeblood of any economy, and control over a nation's currency means control over its economic well being. Fed bankers quite literally determine the value of our money, by controlling the supply of dollars and establishing interest rates. Their actions can make you richer or poorer overnight, in terms of the value of your savings and the buying power of your paycheck. So I urge all Americans to educate themselves about monetary policy, and better understand how a small group of unelected individuals at the Federal Reserve and Treasury department wield tremendous power over our lives. - Ron Paul http://www.ronpaul2008.com/articles/227/monetary-policy-is-critically-%0Dimportant/ FORECLOSURES & THE ECONOMY: Rep. Ron Paul http://www.youtube.com/watch?v=138LMjiBQ4g |
 | 17th Annual Conference:Sovereign Wealth Fund Investment 3/10 Panelists: Mr. Robert Kaproth, Director, International Monetary Policy, U.S. Department of the Treasury |
 | 17th Annual Conference:Sovereign Wealth Fund Investment 8/10 Moderators: Mr. Donald W. Tang*, Vice Chairman, Bear Stearns & Co, Inc. Ms. Henny Sender, International Financial Correspondent, Financial Times Panelists: Mr. Jesse Wang, Deputy General Manager, China Investment Corporation Dr. Richard H. Clarida, Executive Vice President and Global Strategic Advisor, PIMCO Mr. Robert Kaproth, Director, International Monetary Policy, U.S. Department of the Treasury |
 | 17th AnnualConference:Sovereign Wealth Fund Investment 10/10 Moderators: Mr. Donald W. Tang*, Vice Chairman, Bear Stearns & Co, Inc. Ms. Henny Sender, International Financial Correspondent, Financial Times Panelists: Mr. Jesse Wang, Deputy General Manager, China Investment Corporation Dr. Richard H. Clarida, Executive Vice President and Global Strategic Advisor, PIMCO Mr. Robert Kaproth, Director, International Monetary Policy, U.S. Department of the Treasury |
 | 17th Annual Conference:Sovereign Wealth Fund Investment 9/10 Moderators: Mr. Donald W. Tang*, Vice Chairman, Bear Stearns & Co, Inc. Ms. Henny Sender, International Financial Correspondent, Financial Times Panelists: Mr. Jesse Wang, Deputy General Manager, China Investment Corporation Dr. Richard H. Clarida, Executive Vice President and Global Strategic Advisor, PIMCO Mr. Robert Kaproth, Director, International Monetary Policy, U.S. Department of the Treasury |
 | Robert Ashford - Air date 05-05-05 Robert Ashford is Professor of Law at Syracuse University, College of Law. His subjects include Binary Economics, Business Associations, Public Corporations, Professional Responsibility and Securities Regulation. He holds a J.D. with honors from Harvard Law School, and a B.A. with majors in physics and English literature, graduating first in his class at the University of South Florida. He was a Woodrow Wilson Fellow at Stanford University where he studied English literature and creative writing. His book Binary Economics: the New Paradigm, (1999) with Rodney Shakespeare, is available from the University Press of America. Professor Ashford is the founder and principal organizer of the Section on Socio-Economics of the Association of American Law Schools and a member of the Editorial Board of the Journal of Socio-Economics, the academic honor societies of Phi Kappa Phi and Sigma Pi Sigma (physics), and the American Law Institute. Professor Ashford's current research interests include the relationship between socio-economic principles and the professional responsibilities of lawyers; the fiduciary duty of inquiry in a market economy; the history of law and economics; Federal Reserve monetary policy; Christianity and economics, and binary economics. Professor Ashford began law practice in the tax department of Morrison & Foerster in San Francisco. Later he joined Louis Kelso in forming the law firm of Kelso, Hunt, Ashford and Ludwig, and the investment banking firm Kelso and Company where he served as Chief Operating Officer and General Counsel. His law practice included tax, corporate law, securities regulation, and appellate litigation. While in private practice, he was elected President of the Barristers Club of San Francisco (1973) and a Director of the Bar Association of San Francisco (1978). |
 | Robert Ashford - Air date: 05-12-05 Robert Ashford is Professor of Law at Syracuse University, College of Law. His subjects include Binary Economics, Business Associations, Public Corporations, Professional Responsibility and Securities Regulation. He holds a J.D. with honors from Harvard Law School, and a B.A. with majors in physics and English literature, graduating first in his class at the University of South Florida. He was a Woodrow Wilson Fellow at Stanford University where he studied English literature and creative writing. His book Binary Economics: the New Paradigm, (1999) with Rodney Shakespeare, is available from the University Press of America. Professor Ashford is the founder and principal organizer of the Section on Socio-Economics of the Association of American Law Schools and a member of the Editorial Board of the Journal of Socio-Economics, the academic honor societies of Phi Kappa Phi and Sigma Pi Sigma (physics), and the American Law Institute. Professor Ashford's current research interests include the relationship between socio-economic principles and the professional responsibilities of lawyers; the fiduciary duty of inquiry in a market economy; the history of law and economics; Federal Reserve monetary policy; Christianity and economics, and binary economics. Professor Ashford began law practice in the tax department of Morrison & Foerster in San Francisco. Later he joined Louis Kelso in forming the law firm of Kelso, Hunt, Ashford and Ludwig, and the investment banking firm Kelso and Company where he served as Chief Operating Officer and General Counsel. His law practice included tax, corporate law, securities regulation, and appellate litigation. While in private practice, he was elected President of the Barristers Club of San Francisco (1973) and a Director of the Bar Association of San Francisco (1978). |
 | Julienne Vipond--Canada's Next Great Prime Minister Hello, everyone. My name is Julienne Vipond. I am 23 years old and am a 4th year student at the University of Toronto. As a Canadian I have sought to understand this country in which I live. I have travelled Canada coast to coast many times, and I have lived in 6 Canadian cities. My great idea for Canada is to strengthen Canadian federalism through increased participation and representation. To do so I focus on two important yet often neglected issues: municipalities & greater representation for the Aboriginal peoples of Canada. Essentially, federalism organizes certain people into its system while organizing others out. Both municipalities and the Aboriginal peoples of Canada have been factored out of the equation. Cities and municipalities are constitutionally inferior to the provinces, regardless of population. While the Greater Toronto Area has a population 50 times that of the province of PEI, the province has greater autonomy over taxation, and has direct representation in the House of Commons. What I propose to do to increase representation for the municipalities is to grant the municipalities more autonomy over taxation of the purchase of local items. I would also make the municipalities the joint responsibility of the provinces and the federal government. This would mean the federal government would also be responsible for direct monetary transfers to the municipalities. The mayors of the municipalities would work closely with the provinces, and within the House of Commons, there would be a department of Cities, similar to Trudeau's Department of Urban Affairs. These measures would increase representation for the municipalities, and thus would strengthen Canadian federalism. My policy for creating greater representation for the Aboriginal peoples of Canada is to create reserved political positions. As federalism only organizes people in based on arbitrary geographic divisions, I would seek to remedy this by creating reserved seats for Aboriginal peoples, across the traditional geographic boundaries of Canada. Based on population, the Aboriginal peoples of Canada would be granted 12 reserved seats within the House of Commons. I would also grant the territories full status as provinces, which would also increase representation for Canada's Aboriginal population and would make Canada a democratic leader on the world stage. I hope you enjoy the video. Feel free to post comments and questions, which I will respond to. Also, you can check out my facebook group: http://utoronto.facebook.com/group.php?gid=19034871384 Thanks, Julienne |
 | Bernanke, House Financial Services Committee - PART 1 Ben S. Bernanke was sworn in on February 1, 2006, as Chairman and a member of the Board of Governors of the Federal Reserve System. Dr. Bernanke also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. He was appointed as a member of the Board to a full 14-year term, which expires January 31, 2020, and to a four-year term as Chairman, which expires January 31, 2010. Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council of Economic Advisers, from June 2005 to January 2006. Dr. Bernanke has already served the Federal Reserve System in several roles. He was a member of the Board of Governors of the Federal Reserve System from 2002 to 2005; a visiting scholar at the Federal Reserve Banks of Philadelphia (1987-89), Boston (1989-90), and New York (1990-91, 1994-96); and a member of the Academic Advisory Panel at the Federal Reserve Bank of New York (1990-2002). From 1994 to 1996, Dr. Bernanke was the Class of 1926 Professor of Economics and Public Affairs at Princeton University. He was the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and Chair of the Economics Department at the university from 1996 to 2002. Dr. Bernanke had been a Professor of Economics and Public Affairs at Princeton since 1985. Before arriving at Princeton, Dr. Bernanke was an Associate Professor of Economics (1983-85) and an Assistant Professor of Economics (1979-83) at the Graduate School of Business at Stanford University. His teaching career also included serving as a Visiting Professor of Economics at New York University (1993) and at the Massachusetts Institute of Technology (1989-90). Dr. Bernanke has published many articles on a wide variety of economic issues, including monetary policy and macroeconomics, and he is the author of several scholarly books and two textbooks. He has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences. Dr. Bernanke served as the Director of the Monetary Economics Program of the National Bureau of Economic Research (NBER) and as a member of the NBER's Business Cycle Dating Committee. In July 2001, he was appointed Editor of the American Economic Review. Dr. Bernanke's work with civic and professional groups includes having served two terms as a member of the Montgomery Township (N.J.) Board of Education. Dr. Bernanke was born in December 1953 in Augusta, Georgia, and grew up in Dillon, South Carolina. He received a B.A. in economics in 1975 from Harvard University (summa cum laude) and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. Dr. Bernanke is married and has two children. 7/16/2007 |
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