March 12th,2010

Chairman Bernanke Testifies on Financial Regulatory Overhaul

The Smoking Argus

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DISTRICT of COLUMBIA – Recently reappointed Chairman of the FEDERAL RESERVE, Ben Bernanke is set to give testimony before the House Financial Services Committee as it relates to the FEDERAL RESERVE’s perspective on “Financial Regulatory Reform Proposals”. The hearing originally scheduled to begin at 10 a.m. EST was moved up at the request of Chairman Bernanke to 9 a.m. EST.

Live Feed: House Financial Services Committee







http://www.meebo.com/rooms

President Obama Weekly Address: Progress with the G20 in Pittsburgh

The Smoking Argus

WHITE HOUSE OFFICIAL STATEMENT – Recorded literally on his way back from the G-20 Summit in Pittsburgh, the President uses his Weekly Address to recap the progress made during the intensive discussions with world leaders. From an historic agreement to reform the global financial system, to groundbreaking commitments on reducing subsidies to fossil fuels worldwide, to unity in standing against threats to world peace, engagement produced tangible results in several areas. September 26, 2009. (Public Domain)

—END OFFICIAL STATEMENT—

Video Courtesy: The White House
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Source(s): The White House, The Briefing Room – The BlogWhite House YouTube Channel

House Financial Services Committee HR1207 Audit the FED Hearing

Allison Bricker

Hearing Begins at 8:00 a.m. Central Time

RAYBURN HOUSE OFFICE BUILDING, DISTRICT of COLUMBIA – The House Financial Services Committee, Chairman Barney Frank presiding is hearing testimony regarding Representative Ron Paul of Texas’ bill, House Resolution 1207, “The FEDERAL RESERVE Transparency Act of 2009″

H.R. 1207 seeks to remove a key prohibition preventing the Government Accountability Office (GAO) from conducting a full comprehensive audit regarding the FEDERAL RESERVE’s international transactions with other central banks and foreign governments.

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The FEDERAL RESERVE is a private central bank created in 1913 to oversee and manage the nation’s monetary policy. The American Republic has witnessed two previous central banking institutions in its history, both of which were abolished after wrecking havoc on the economy due to the inherent flaws of central economic planning.

H.R. 1207 currently enjoys a majority in the House of Representatives via co-sponsorship by 293 other House members. The companion bill in the Senate is S. 604

Video Courtesy: House Financial Services Committee

Peter Schiff Officially Declares Candidacy for U.S. Senate

Wire Report

Peter Schiff(S4S) WESTON, CONNECTICUT – Today, Weston Republican Peter Schiff formally announced his candidacy for the U.S. Senate. Over the past few months, Mr. Schiff, a successful entrepreneur and well-known proponent of fiscal responsibility, has been inspired by his fellow citizens urging him to bring his principled approach to Congress. As he enters this campaign, Mr. Schiff’s priority is to serve the American taxpayer. Years of reckless federal spending have placed an immense burden on every American that Mr. Schiff vows to ease.

Peter Schiff was born to a working-class family in New Haven, Connecticut. His grandfather came to New Haven in 1910 and helped with the construction of the Yale Bowl. Mr. Schiff spent his childhood in New Haven during the 60s and 70s during which values were instilled in him by his family such as hard work, self-reliance, and loyalty-loyalty to friends, to family, and to country. After successfully building his brokerage firm, Euro Pacific Capital, in California, Mr. Schiff decided to relocate the headquarters to Connecticut in 2003. He currently resides in Weston with his seven year old son. Since returning to Connecticut Mr. Schiff has published two books: Crash Proof and The Little Book of Bull Moves in Bear Markets.

Video Courtesy: FixedNewsChannel

Mr. Schiff gained notoriety in 2006 with a series of national interviews in which he accurately diagnosed the dangers that confronted the economy and predicted the mechanisms that led to the crash. His correct prognosis of the sub-prime lending crisis and subsequent credit crunch made him a popular economic commentator. Ever since, he has tirelessly sounded these warnings.

In January of 2009, with the near-collapse of the financial system and revelations about the corruption of Connecticut politicians, calls began to surface for Mr. Schiff to run for office. An exploratory committee was formed in June.

To date, 10,000 individuals have convinced him to run for Senate with telephone calls and letters of support; additionally, they have raised over $1,000,000 on his behalf. Schiff now believes a run for the Senate is absolutely necessary to give a voice to the majority of Connecticut taxpayers who are misrepresented.

“I plan to bring my dedication and experience to the taxpayers of Connecticut. I may make mistakes in this campaign—but I will not make mistakes in representing you in the Senate. I look forward to an exciting race where I can share my vision with the people of Connecticut.”

Peter Schiff
Senate Candidate
September 17th, 2009

On the Web: SchiffForSenate.comFixedNews Channel


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Reality Check: No One Should Die Because They Cannot Afford Health Care?

Wire Report

public_option_toe_tags_THUMBNAIL(NoThirdSolution: David Zemens) – For many people (and yes I’m jumping to conclusions and making sweeping generalizations here) “No one should die because they can’t afford health care” is the weasel way of saying “I want someone else to pay for it” without sounding like a panhandler. So, take what follows with a grain of salt, OK?

On that note, someone’s Facebook status said:

“No one should die because they cannot afford health care, and no one should go broke because they get sick. If you agree, please post this as your status for the rest of the day.”

No one should die just because they were born in sub-Saharan Africa, either. But they do. Doesn’t make it fair, but it happens. For every “poor” or underprivileged Westerner complaining about their lack of “health care” (NB: even the poorest Americans have access to better health care than, I would venture to guess, 85% of the earth’s population has ever had), there are a million people living on $1 and a cup of rice each day — so cry me a river.

Every one of us will die at the crossroads of some particular circumstances, time, and place:

  • Some of us die in our sleep. Some of us are merely in “the wrong place at the wrong time”.
  • Some of us will die because the technology to cure what ails us has not yet been invented.
  • Some of us will die because we made poor choices that presently impact our ability to care for ourselves, and
  • some of us will die unfortunately through no direct fault of our own, because we can’t afford to pay for the technology that does exist.


To lament the fact that some people die under seemingly inopportune circumstances is folly; it ignores the lion’s share of the equation. Financial circumstances are a scapegoat, because at nearly any time and place where the individual isn’t DOA, a change in financial circumstances might forestall death for a few hours, days, weeks, or months.

pills_on_table_with_prescriptionYou’ll get no arguments from me, if you say that “health care is too expensive”: blame the AMA cartel, the FDA, blame “Big Insurance”, etc. But national health care is health care fascism; the insurers want guaranteed profits, guaranteed customers for life, and Uncle Sam to pay the bills. They want to sell you your own welfare.

You’ll get no arguments from me, if you say that “the system” needs to be reformed: specifically it needs to not be a system at all. People aren’t permitted under the law to care for themselves or to arrange for the care of others. Or because the consumer is not the customer, and the customer enjoys certain tax privileges that the consumer does not, etc. Or because people have been conditioned to believe that “insurance” should pay for an annual check-up and dental exams and all sorts of other routine maintenance instead of just providing for accidents and serious illnesses.

The problem is that health care, medicine, long-term care, etc., is damned expensive. Government is the problem in health care, which keeps it unaffordable.

Asking or forcing others to pay the costs, which you can’t afford, will do nothing to actually solve that problem; it just shifts the burden, messing up someone else’s life circumstances, exacerbating the problem for the future.

 

About the Author: David Zemens

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David Zemens is the Editor & Publisher of No Third Solution, and holds a Bachelor’s degree in Business and a Master’s degree in Economics. A self-taught libertarian, David has recently begun delving in to “agorism” a political philosophy developed by Samuel Edward Konkin III, which aims for a society built on voluntary associations and exchange, thereby resulting in a true free market. He considers one-day subverting state propaganda completely by opting to teach at the local community college.

David currently works as a market-research analyst and he and his wire were happily married in September of 2008.