Breaking News on Audit the Fed!
Posted by Matt Hawes on 07/06/09 7:46 PM
Today, our battle to pass Audit the Fed through the U.S. Senate has been joined. The first shot was fired on the floor of the Senate tonight by Senator Jim DeMint of South Carolina.
Senator DeMint has a well-deserved reputation for taking the battle to the other side in the Senate, and tonight he once again proved why he is such a valuable ally in our fight to bring transparency and accountability to the Federal Reserve.
Occasionally, a chance comes along to take quick action on a bill, and Senator DeMint took just such an opportunity.
VIDEO (8:49) and ARTICLE continues: http://www.campaignforliberty.com/blog.php?view=21326
"U.S. Lurching Towards 'Debt Explosion'"
Posted by Matt Hawes on 07/06/09 11:19 AM
The U.K.'s Telegraph, using a study by a former Fed official, examines how U.S. interest rates may soon double (at least):
In a 2003 paper, Thomas Laubach, the US Federal Reserve's senior economist, calculated the impact on long-term interest rates of rising fiscal deficits and soaring national debt. Applying his assumptions to the recent spike in the US fiscal deficit and national debt, long-term interests rates will double from their current 3.5pc....
Read the rest.
http://www.telegraph.co.uk/finance/f...to-double.html
And don't forget that today is End the Fed's "Melt the Switchboard" day for S 604! Visit
http://endthefedusa.ning.com/events/...elt-the-senate for more information.
SOURCE and COMMENTS: http://www.campaignforliberty.com/bl...cpg=1#comments