Latest BullionBuzz
The latest BullionBuzz magazine is available. One of the articles quotes Congressman Ron Paul as he comments on the Financial Crisis Inquiry Commission. Here is an excerpt: "The US government’s Financial Crisis Inquiry Commission has been holding hearings as part of their investigation into the causes of 2008’s economic breakdown. Things aren’t going well; everybody interviewed seems to want to blame the fiasco on someone else. No one has any insights as to the cause of the crisis. Naturally, the Commission will avoid calling witnesses who might indict the government for its role in the crisis, or suggest solutions that will reduce the government’s power. In fact, this Commission will likely grant more power to the SEC, when that institution should be abolished as an embarrassing farce. Of course, the reality is that the Fed relentlessly expanded the money supply through artificially low interest rates for over two decades, and this expansion of easy money caused a wholly predictable bubble. While there will always be demand for cheap money, central banks should not be allowed to debase currencies and create bubbles of false prosperity to satisfy that demand. The Commission needs experts who understand free market economics, but it has none of these and has called no true free market witnesses. It will bemoan the complexity and inscrutability of America’s economic problems, but the solution is simple: allow freedom to operate in the markets. Allow financial, labour and housing markets to normalize without political interference. The solution is simple and obvious, although not easy or painless. It would require admitting that fiat money is a failure, and allowing Americans to choose a system of sound money, one where money supply and interest rates are set by market forces rather than centralized economic planners" Read more of this and the other articles at BullionBuzz
Posted by Anthony Hendriks 
