Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Silver Green Alert - One of the Best Buying Opportunities for Years...
By: Clive Maund

5 Things I Look for in Exploration Companies
By: Jordan Roy-Byrne, CMT, MFTA

Asian Metals Market Update: July-24-2017
By: Chintan Karnani, Insignia Consultants

GoldSeek.com Radio: Daniel Mark Harrison and Peter Grandich, and your host Chris Waltzek
By: radio.GoldSeek.com

Technical Scoop - Weekend Update July 23
By: David Chapman

Did The Dutch Central Bank Lie About Its Gold Bar List?
By: Koos Jansen

Three Black Swans
By: John Mauldin

Law 101 Meets Psych 101
By: Gary Tanashian

Last Chance for the Dollar to Rally
By: Gary Savage

U.S. SMASHES RECORD: Highest Production Of Lowest Quality Fuel In The World
By: Steve St. Angelo, SRSrocco Report

 
Search

GoldSeek Web

 
Ron Paul on the Housing Bill 7/23/08 - "The Mother of All Bailouts" [video]

By: Dr. Ron Paul, U.S. Congressman


-- Posted Thursday, 24 July 2008 | Digg This ArticleDigg It! | Source: GoldSeek.com

"The Mother of All Bailouts"

 

Details of today’s housing bill by Dr. Ron Paul:

 

-         $2.5B line of credit to the Treasury (Fannie & Freddie – ‘F & F’) is now “open-ended”

o        UNLIMITED – Treasury now allowed to buy all ‘F & F’ housing securities

o        Congress no longer involved in appropriating funds (Treasury now does)

 

-         National Debt Ceiling Moved up $800 BILLION (buried in the bill)

 

-         Treasury Bills being exchanged for unwanted ‘F & F’ securities

o        This is the asset which “backs up our currency”

o        Value of these assets are depreciating

o        Treasuries have replaced gold and silver to back US Dollar

 

-         Solution breeds inflation

o        Places pressure on the US Dollar

 

-         Mortgage industry workers “will now have to be fingerprinted.

 

-         All credit card transactions will now be reported to the IRS.

 


-- Posted Thursday, 24 July 2008 | Digg This Article | Source: GoldSeek.com

- Visit Congressman Ron Paul's Web Site




 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.