Video: Lindsey Williams on GSR talks about the dollar collapse, the Amero and hyperinflation. Recorded August 11, 2007. radio.goldseek.com
Competing currency being accepted across Mid-Michigan
July 21, 2010 by Alex
ConnectMidMichigan.com by Dan Armstrong
New types of money are popping up across Mid-Michigan and supporters say, it’s not counterfeit, but rather a competing currency.
Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender.
They sound like real money and look like real money. But you can’t take them to the bank because they’re not made at a government mint. They’re made at private mints.
“I sell three or four every single day and then I get one or two back a week,” said Dave Gillie, owner of Gillies Coney Island Restaurant in Genesee Township.
Gillie also accepts silver, gold, copper and other precious metals to pay for food.
He says, if he wanted to, he could accept marbles.
“Do people have to accept dollars or money? No, they don’t,” Gillie said. “They can accept anything they want or they can refuse to accept anything.”
He’s absolutely right.
The U.S. Treasury Department says the Coinage Act of 1965 says “private businesses are free to develop their own policies on whether or not to accept cash, unless there is a state law which says otherwise.” Read Entire Article and Watch Video Here
Fannie Mae Employees Got Special Loans from Countrywide
Wednesday, 21 Jul 2010 09:46 AM
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The former Countrywide Financial Corp. gave preferential loans to more than three dozen employees of Fannie Mae while the two giant housing enterprises were locked in an expanding, multi-billion dollar business relationship in subprime mortgages, documents show.
Discounted mortgages written by Countrywide, once the nation's largest subprime lender, were granted to a far wider group of Fannie employees than the four top executives whose preferential loans were previously disclosed, according to Countrywide documents provided to Congress under a subpoena.
Countrywide's VIP section, established to handle preferential mortgages for favored customers, serviced a variety of Fannie employees who handled Fannie's business of buying mortgages and selling mortgage-backed bonds. Recipients included an account manager, a lobbyist, underwriters, lawyers, a home loan manager, a sales executive and a credit risk manager. (Full Article)
Is the lowly penny on its way out? It seems the call to do away with the 1-cent piece is growing louder, and Geopolitical Editor Chip Wood, for one, would hate to see it go the way of the dodo bird and the gold-backed dollar. Read this article for a story about the Penny Angel and why Chip doesn’t want the penny to disappear…
Democrats in Congress have managed to nail the lid back down on Federal Reserve transparency. Writing in his weekly column Texas Straight Talk, Congressman Ron Paul (R-Texas) said that his Federal Reserve Transparency Act was left out of the Wall Street reform bill when House and Senate negotiators reconciled the different bills passed by both houses of Congress. Read on to learn why the bill failed and what it means…
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