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The Case Against the Fed

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By far the most secret and least accountable operation of the federal government is...a federal agency that tops the others in secrecy by a country mile.The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows of, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation's vital monetary system, is accountable to nobody-and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue.

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GCN Welcomes Korelin Economics Report

GCN is proud to have Al Korelin's Korelin Economics Report join our network starting tomorrow, November 21st.

Korelin Economics Report will air every Saturday from 7:00am-9:00am CT & every Sunday from 11:00am-1:00pm CT. We hope you enjoy the show!

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Senate may take first health care vote Saturday

That procedural vote will decide whether to bring that bill to the Senate floor and begin debate, and its approval relies on the votes of three wavering moderate Democrats. Republicans are expected to rally all 40 of their senators to block the legislation from advancing, requiring Reid, D-Nev., to keep all 60 members of his Democratic caucus in line.


House Panel Votes to Advance Paul Plan on Fed Audits

A U.S. House committee advanced a proposal to remove a three-decade ban on congressional audits of Federal Reserve interest-rate decisions, a measure backed by a lawmaker who has called for the abolition of the central bank.


Panel votes to audit the Fed; cap its spending at $4 trillion

A key congressional panel on Thursday approved legislation introduced by the Texas congressman that - for the first time in the central bank's 95-year-history -- would require government audits of Federal Reserve monetary policy, as well as how much the central bank has lent and will lend to specific banks.


GCN Exclusive News: Chinese "Super Hackers" Discover a Dangerous New Way to Shut Down the U.S. Power Grid

In a recent stunning disclosure, the Department of Homeland Security admitted that the US power infrastructure was wide open to cyber terrorism.


Americans Deserve a Transparent Fed

Trillion-dollar interventions in the economy merit scrutiny by taxpayers and their representatives. For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people.


Audit The Fed- Sign The Petition & Join The Cause!


6 Congress Members Demand Complete Audit of Fed in Light of AIG Counterparty Fiasco

Concluding, we respectfully request that for the reasons enunciated herein, that a Congressional examination of the governance structure at the Federal Reserve be undertaken, and also that the regulatory reform bills moving through your committees include a complete and public audit of the Federal Reserve System. The actions requested would shine much needed-light on this creature of Congress.


Is Goldman Sachs About To Drag Down The Federal Reserve?

Goldman Sachs, which lately has been caught in a toxic spiral of potential misrepresentations and horrendous PR, may be the final straw that finally breaks open the Fed's "book of death".


Audit Faults New York Fed in A.I.G. Bailout

The Federal Reserve Bank of New York gave up much of its power in high-pressure negotiations with the American International Group's trading partners last year, according to a government report made public on Monday.


Purging The Undesirables: ADL Attempts To Pin A Yellow Star On Grass Roots America

The tone of the ADL's hit piece basically implies that Alex Jones and his ilk are such a threat to the establishment that they should be removed from society, which ironically is exactly how Hitler dealt with his political enemies in Nazi Germany.


Competition With the Government?

Last Saturday many concerned Americans watched in horror as the House passed the healthcare reform bill. If this bill makes it through the Senate, it would massively overhaul the way healthcare is delivered in this country. Today, obviously, we don't have a perfect system, but this legislation takes all the mistakes we are making with healthcare and makes them worse. Most of what is wrong with healthcare stems from decades of government intervention and the resulting unintended consequences.


Help C4L Fight For Health Freedom on TV

Campaign for Liberty is taking the battle against Big Government's takeover of health care and health freedom to the television airwaves, and we need your help to mobilize more Americans in key target states.


Fighting Unlawful Forced Vaccinations

We The People of America are not animals and should not permit ourselves to be herded as sheep by evil people and governmental agencies controlled by evil people. We have a God-given Right of self-determination over our lives and our health. No other 'person' and no government agency has any right to force us to be vaccinated with potentially dangerous drugs.


Hindery Says True U.S. Unemployment Rate Is About 20%

Leo Hindery, managing director of InterMedia Partners LP, talks with Bloomberg's Pimm Fox about the U.S. unemployment rate. Hindrey also discusses ways the U.S. could create jobs.


More in U.S. Say Health Coverage Is Not Gov't. Responsibility

More Americans now say it is not the federal government's responsibility to make sure all Americans have healthcare coverage (50%) than say it is (47%). This is a first since Gallup began tracking this question, and a significant shift from as recently as three years ago, when two-thirds said ensuring healthcare coverage was the government's responsibility.


Major Hasan Of Fort Hood: A Patsy In A Drill Gone Live?

In the wake of the massacre at Fort Hood Texas , two principal theories have emerged to explain the conduct of the accused shooter, identified by the U.S. Army as Major Nidal Malik Hasan, an Army psychiatrist of Jordanian-Palestinian ancestry.


US Trade Gap Widens Unexpectedly

The US trade deficit unexpectedly widened in September by the largest amount in 10 years, figures show.


Goldman On Why A Second Stimulus Is Merely Months Away

Earlier today, Goldman came out with a harbinger piece on why a second stimulus announcement is essentially a formality. The administration has already promptly forgotten the lessons from the recent elections which were a failure for the Democrats, and a resounding vote against incremental deficit spending.


How the Fed Helped Pay for World War I

Governments can pay their bills in three ways: taxes, debt, and inflation. The public usually recognizes the first two, for they are difficult to hide. But the third tends to go unnoticed by the public because it involves a slow and subtle reduction in the value of money, a policy usually unarticulated and complex in design.


As Foreclosure Nightmares Increase, Will More Homeowners Pay Off Their Bankers in Violence?

All of those U.S. banks have received bailout billions in American taxpayer dollars, and yet homeowners threatened with foreclosure, especially poor ones, are running out of lawyers to represent them in court. Ironic, considering that the unjust double-standard, judging by events in Los Angeles and probably coming to a city near you, is destroying what is left of the rule of law as we know it.


India's big vote for a gold rally

As regular readers know, I have been advocating the purchase of gold for quite some time. The big news in the gold market last week was the fact that India bought half of the gold the International Monetary Fund had said it wanted to sell.


Dodd's Reform Plan Takes Aim at the Fed

The chairman of the Senate Banking Committee on Tuesday unveiled a sweeping regulatory reform bill that would strip the Federal Reserve of nearly all of its power to oversee banks, setting up a possible clash with the Obama administration, which has argued for the central bank to play a pivotal role in addressing financial threats.