"In 1971 it happened, and that’s when I started speaking out [about the Fed.] Really nobody listened. There were a lot of seeds planted about sound money, especially by Murray and others, and Mises. They talked about this. There was no audience out there. I would go to campuses, when I first went into Congress, and I would get 20 or 30 people come out and maybe convert one or two."
Mandeville, LA – Exclusive Transcript – If we go back to October the 11th, interview given by James Grant of Grant’s Interest Rate Observer, you would have found this posted at the Washington Compost under the headline “Has The United States Ever Defaulted?” Grant’s answer is: Yes, and it’s going to default again; it’s inevitable. Check out today’s transcript for the rest…
Mandeville, LA – Exclusive Transcript – In what document, under what rule, under what act of Congress, under what amendment to the Constitution has any president ever acquired the power to “run the economy”? My reading of history, the president doesn’t have the power, shouldn’t have the power, and you shouldn’t want to confer it on him, yet here we are. Check out today’s transcript for the rest…
Mandeville, LA – Exclusive Transcript – If you think of yourself as a sow and you’re a major city and you actually had to withdraw yourself from the federal trough and had to pay and manage and take care of your own finances the old-fashioned way, most of this stuff would not happen. Many of the things that occur in major cities would not happen because there would not be the underlying promise there that the federal government is always there with a hand out with programs. Check out today’s transcript for the rest…
Mandeville, LA - Exclusive Video and Audio - Join us on a special Founders TV today with Mark Kreslins as he discusses Bernanke, fiat currency, and the eventual (sooner rather than later) downfall of the pretend economy that he has created. If you look at the stock market you'll see that it's a warning of what is to come in this pretend economy. The current stock market bubble can't keep up, it's going to crash again, and it's going to crash hard because it's being propped up by more Federal Fiat Funny Money. So what are we to do? Well, listen in to the rest of the show with Mark to find out. Be sure and sign up for a Founders Pass if you don't already have one for the rest of today's Founders TV!
Mandeville, LA – Exclusive Transcript – It ought to be a subject of discussion frequently on this show that we talk about these economic events and affairs. If you are of the Austrian economic school, you know that what Ben Bernyankme and company, and what the Congress has allowed Bernyankme to do is to set the table for an awful bubble burst, worse than the one in 2008. The one in 2008 may have been comprised of some unintended consequences. The one that’s coming our way now is comprised of almost all intended consequences. Check out today’s transcript for the rest…
Mandeville, LA – Exclusive Transcript – The idea that the great recession has ended and we’re now in some kind of a boom just because all of the funny money that Bernyankme and company are printing is just landing in the laps of brokers on Wall Street, this is by design. Check out today’s transcript for the rest…
Mandeville, LA – Exclusive Transcript – The problem is that our wages have not increased. We talk about this every now and then, how inflation has driven the price of everything up. Coffee is more expensive. Bread is more expensive. Eggs and milk are more expensive. Everything costs more and your wages are not going up. Check out today’s transcript for the rest…