US Action News

Put another way, “White Males Need Not Apply.”

Former Goldman Sachs CEO Paulson as Treas. Sec. gave a heads up to five Goldman Sachs execs and others in a private meeting giving them the opportunity to profit from government actions in the financial crisis. Why aren’t people going to jail? – Bloomberg has the story

So who are these people who are not accountable to Congress, to the President, to taxpayers, to no one but themselves? They are Wall Street money managers, traders and hedge fund operators.

The deception and corruptness of our Federal Government slowly is being revealed. The facade of government is erected on such rottenness of favoritism and crony deals:

Veronique de Rugy explains that the U.S. can remain solvent and continue paying social security benefits after the debt ceiling is reached. Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University.

Understanding how the Fed creates money will help you see why it must be audited and regulated. Why doesn’t the treasury issue the money directly without being forced to pay interest to a cartel of private banks that are being deliberately hidden by the Fed?

Has there ever been a major economic summit where a U.S. President and his Treasury Secretary were as thoroughly rebuffed as they were at this week’s G-20 meeting in Seoul? We can’t think of one. ~ WSJ

Of all the absurdities to emerge from the government’s never-ending bailout of the U.S. financial system, here’s a new one that’s hard to top: The government, through in effect is now suing itself.

FBN’s David Asman sounds off on the Fed’s decision to buy $600 billion in securities (debt) and how that will impact you.

Rep. Ron Paul discusses the outcome and impact of the midterm elections and the power and secrecy of the Federal Reserve. The Federal Reserve just announced another $600 billion purchase of US debt.