Mike Maloney – RT Prime Interest – End Of Global Dollar Standard

At 2:35, RT’s Prime Interest interviews Mike Maloney about Episode 2 of his new video series Hidden Secrets of Money.  Mike also discusses the FED, gold and silver, and the coming end of the global dollar standard monetary system.

Greenspan Admits The Federal Reserve Is Above The Law & Answers To No One

Greenspan says the Fed is above the law.
He says it at 7:40
Google: America Freedom To Fascism

Stock Market Crash Just Ahead?

Robert Wenzel
Lew Rockwell.com
Economic Policy Journal
According to Austrian Business Cycle Theory, when a central bank slows its money printing that has fueled a manipulated stock market boom, the stock market is very vulnerable to a crash.Murray Rothbard in his book America’s Great Depression explained how it occurred before the October 1929 crash:

It is generally acknowledged that the great boom of the 1920s began around July, 1921, after a year or more of sharp recession, and ended about July, 1929. Production and business activity began to decline in July, 1929, although the famous stock market crash came in October of that year. [...] the total money supply of the country, beginning with $45.3 billion on June 30,1921 and reckoning the total, along with its major constituents roughly semiannually thereafter. Over the entire period of the boom, we find that the money supply increased by $28.0 billion, a 61.8 percent increase over the eight-year period. This is an average annual increase of 7.7 percent, a very sizable degree of inflation. Total bank deposits increased by 51.1 percent, savings and  loan shares by 224.3 percent, and net life insurance policy reserves by 113.8 percent. The major increases took place in 1922–1923, late 1924, late 1925, and late 1927. The abrupt leveling off occurred precisely when we would expect—in the first half of 1929, when bank deposits declined and the total money supply remained almost constant.

The money supplied slowed before the October 1987 crash:

It slowed before the 2008 September Financial Crisis:

And it is slowing again now:

Austrian economics also teaches us that it is a very complex world and that there are many, many inputs on an economy at any one time, so just because something occurred a certain way in the past it doesn’t mean it will develop exactly that way in the future, BUT central bank money manipulation does play a big role and it is crashing once again.

IRS Unveils ObamaCare Website

By Paul Caron

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The IRS yesterday unveiled a new website on the tax provisions of the Affordable Care Act with separate section for:

• Individuals and Families
• Employers (Small (<50 a="" and="" href="http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions-for-Large-Employers" target="_blank">Large

(>50))

Other Organizations (Insurers, Miscellaneous Businesses, Tax-Exempts, and Government)

The IRS also released Publication 5093, Health Care Law Online Resources.

US Consumer Bankruptcies Jump By Most In Three Years; Third-Party Collections At All Time High

Source: ZeroHedge
Something funny happened on the road to the epic consumer balance sheet cleansing and subsequent releveraging (without which there can be no actual non-Fed sugar high fueled recovery): the second quarter. And specifically, as the Fed just disclosed in its quarterly Household Debt and Credit Report, the number of consumer bankruptcies during the second quarter, just jumped by 71K, to 380K from 309K in Q1, the biggest quarterly jump in precisely three years - on both an absolute and relative basis – and the most since the 158K jump recorded in Q2 2010. It appears that when the “releveraging” US consumer isn’t busy buying stuff on credit, they are just as busy filing for bankruptcy. Healthy consumer-led recovery and all that.

But wait, there’s more.
Because as this other data set also from the NY Fed shows, the proportion of US Consumer that have a third-party collection process commenced against them is pretty much at all time highs, where it has been for the past two quarters. Must be the recovery too.

Source: NY Fed

Inflation Surges in Syria: An Interview with Steve Hanke

Originally aired 8/10/13
(FTMDaily.com) In this segment, Jerry Robinson is joined by Dr. Steve Hanke to discuss his work at the Troubled Currencies Project at the Cato Institute in Washington, D.C.
Topic: The impact of rising inflation in both Syria and Iran.
Hanke is a Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C.
Learn more about Dr. Steve Hanke here.

The Startling Truth about Wealth Inequality in America – Breaking Inequality

We lived in the greatest country in the world. A country that was created to give every person an equal voice. A country that believed in, and respected it’s citizens. But things are much different now, this once great country of ours has lost it’s way. It is controlled only by a few, whose greed is unparalleled. We are quickly becoming a country that consists only of the have’s and the have not’s. A country where the rights of it’s citizens are becoming a distant memory. - See more at: http://www.ingeniouspress.com/2013/08/16/the-startling-truth-about-wealth-inequality-in-america-breaking-inequality/#sthash.B6ZKf1GE.dpuf