Monthly Archives: October 2009

Congressman Ron Paul tells the truth about the Federal Reserve

Congressman Ron Paul tells the truth about the Federal Reserve and its power to evade Congressional oversight. Watch it here.

Review and Opinion by Richard C. Cook

Richard C. Cook’s review of my book, The End of Money and the Future of Civilization, combines some of my main points with his own insightful observations, and has stirred up a lot of interest. Besides appearing on his own website, the review has been picked up by a number of others, including Global Research, The Market Oracle, Dandelion SaladAfter Downing Street, Snuffy Smith’s Blog, and Disident Voice.

Cook’s own work is worth following closely. He a former federal government analyst who writes on public policy issues. His website is His latest book is We Hold These Truths: The Hope of Monetary Reform (Tendril Press, 2009). His career included service with the U.S. Civil Service Commission, the Food and Drug Administration, the Carter White House, NASA, and the U.S. Treasury Department. He also taught history at the Field School in Washington, D.C., and owned and operated an organic farm for 10 years while commuting to work from rural Virginia.

Capitalism-A Love Story

That’s the title of Michael Moore’s latest film.

If I were intent on finding fault with it, I might say that the film understates the case, or that there are huge gaps in the story it tells. But I prefer to focus on what the film is rather than what it isn’t. This film is, quite simply, a masterpiece; Moore’s best film ever. Every American, indeed, everyone in the world, should see it. It should be translated into every language in the world. It should be the focus of study groups, and stimulate community action across the country. —t.h.g.

Throwing BRIC(K)s at the Dollar

On October 6, the British newspaper, The Independent, dropped a bombshell by publishing an article by long-time middle-east correspondent Robert Fisk, called The demise of the dollar. Fisk reported that:

… Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

Eamon Javers of is now raising questions about Fisk and the underlying motivations for publishing such an article at this particular time (Whodunit? Sneak attack on U.S. dollar).

With the current uneasiness about the global financial situation and ongoing concern about the weakness of the dollar, markets can easily be manipulated using stories such as this in mass circulation media. I will not speculate about the reasons or the truthfulness of Fisk’s report, but the handwriting is clearly on the wall. The days of dollar dominance are over. The financial powers-that-be know that, and you can be sure they have a plan. The successor to the dollar is already being readied for prime-time, but will the emerging economies accept it? That is the question. — t.h.g.

The Real Reasons Behind Fed Secrecy

In one of his recent updates, Congressman Ron Paul says, “An audit would expose the Fed as a massive fraud perpetrated on this country, enriching a privileged few bankers at the top of our economic food chain, and leaving the rest of us with massively devalued dollars which we are forced to use by law.” You can listen to it here.