LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

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

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

Gold Seeker Report: This Week in Mining Issue #20: Gold crosses $1,800/oz But Can It Maintain Momentum?
By: Chris Marchese, Chief Mining Analyst at GoldSeek.com

Gold RESET Breakout: on 10 Reasons
By: Jim Willie, CB

Following the Gold Stock Leaders as the Fed Prints
By: Gary Tanashian, NFTRH

Gold Move
By: Marin Katusa

Gold Summer Doldrums 3
By: Adam Hamilton, Zeal Research

What Do The Charts Now Say About Gold & Silver?
By: Steve St. Angelo, SRSrocco Report

Canadian tax authorities recover C$82 million from Kitco in fraud case
By: GATA

Precious Metals Update Video: Gold Corrects
By: Ira Epstein

Asian Metals Market Update: July-2-2020
By: Chintan Karnani, Insignia Consultants

These Are the Times That Call for Gold
By: Stefan Gleason, Money Metals Exchange

 
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 - 2019



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


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.