The Federal Reserves reliance on expanding debt to reflate recessions through discounted and negative FFR overtime has derogatory consequences for wealth and welfare.  Read more.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.  Read more.

February 2013 Message from Tony Christ

The Bernanke Fed's Policy of Paying Banks to Limit Loans Creates Unemployment
Monday, September 17, 2012 | The Huffington Post
The Bernanke Fed's policy has contributed to unemployment by rewarding banks for not making loans to consumers and businesses. Eighty-five percent of the Bernanke Fed's printing press expansion since August 2008 is sitting idle in the nation's banks as excess reserves (which is 56 percent of the August 2012 monetary base). The monetary base of the money supply (currency, coin and bank reserves) is the Fed's primary instrument for its operations. Read More...
Moody's Says U.S. Has Until End Of 2013 To Save AAA Rating
Tuesday, September 11, 2012 | Forbes
Slightly more than a year after Standard & Poor’s cut its credit rating on the U.S., one of its fellow ratings agencies is warning that it may follow suit if the next Congress fails to get a grip on the country’s debt problem. Next year’s budget negotiations “will likely determine the direction of the US government’s Aaa rating and negative outlook,” Moody’s analysts write in an updated outlook on Uncle Sam’s credit standing Tuesday. Read More...
Treasury: U.S. to lose $25 billion on auto bailout
Monday, August 13, 2012 | The Detroit News
The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That's 15 percent higher than its previous forecast. Read More...
Social Security surplus dwindles as boomers retire
Sunday, August 12, 2012 | Associated Press
As millions of baby boomers flood Social Security with applications for benefits, the program's $2.7 trillion surplus is starting to look small. Since 2010, Social Security has been paying out more in benefits than it collects in taxes, adding to the urgency for Congress to address the program's long-term finances. Read More...
Welfare nation: Over 100 million get federal benefits
Wednesday, August 8, 2012 | The Weekly Standard
A new chart set to be released later today by the Republican side of the Senate Budget Committee details a startling statistic: "Over 100 Million People in U.S. Now Receiving Some Form Of Federal Welfare." Read More...
Hiring picks up but still falling short as jobless rate rises to 8.3 percent
Friday, August 3, 2012 | Fox News
The unemployment rate ticked up to 8.3 percent in July, reflecting a stagnant economic picture as hiring improved but not by enough to make a dent in the sea of unemployed Americans. Read More...
Liberty March Talks with Occupy DC VIDEO
Thursday, August 2, 2012
Listen to Tony Christ from Liberty Party USA and Charles & Ryan From Occupy DC. Fighting for a better tomorrow, today.  Read More...
Fed keeps monetary policy on hold, disappointing markets
Wednesday, August 1, 2012 | USA Today
The Federal Reserve said Wednesday that the economy has weakened but it announced no new steps to stimulate growth. In its statement after a two-day meeting, the Fed's policy-making Open Market Committee did set the stage for more purchases of Treasury or mortgage securities to lower long-term interest rates as early as next month's meeting. Read More...
Manufacturing in U.S. unexpectedly contracts for second month
Wednesday, August 1, 2012 | Bloomberg
Manufacturing in the U.S. unexpectedly contracted for a second month in July, indicating a mainstay of the economy was struggling to improve. Read More...
Government can’t afford pricey ‘green fuel’
Monday, July 30, 2012 | The Daily Caller
The Department of Defense’s recent purchase and delivery of 450,000 gallons of alternative “green” fuel to use in Navy ships and aircraft is disturbing. The price of that fuel: $27 per gallon. That number is not a misprint — the Pentagon paid nearly $30 per gallon even though marine diesel fuel could easily have been purchased at less than $3.50 per gallon. There is virtually no way to defend the Navy’s biofuels program at a time when the federal government must make every defense dollar count. Read More...
Fed mulls cutting banks’ interest rate on reserves
Monday, July 30, 2012 | Newsmax
Federal Reserve Chairman Ben Bernanke may be taking another look at cutting the interest rate the Fed pays on bank reserves to bring down short-term borrowing costs and spur the slowing U.S. expansion. Read More...
Economic consensus: Recession looms for U.S.
Friday, July 27, 2012 | CBS News
Weaker hiring, nervous consumers, sluggish manufacturing and the overhang of Europe's debt crisis might be pointing toward everyone's big fear: another recession. Until a few weeks ago, many economists had been predicting that growth would accelerate in the final six months of the year. Read More...
Federal Reserve audit bill overwhelmingly passes the House
Wednesday, July 25, 2012 | The Huffington Post
In a rare moment of bipartisanship, the House overwhelmingly passed a bill by Rep. Ron Paul (R-Texas) to audit the Federal Reserve. The bill, which has 270 co-sponsors, passed 327 to 98. All but one Republican -- Rep. Bob Turner of New York -- voted for it, along with 89 Democrats. Read More...
Senate rejects GOP tax cuts in showdown with Dems
Wednesday, July 25, 2012 | The Associated Press
The Senate has rejected a Republican measure extending the Bush-era tax rates for everyone next year, including the nation's highest earners. The partisan 54-45 vote Wednesday came during a campaign season battle between the two parties over wideranging tax cuts that will expire in January without congressional action. Read More...
Another year, another stopgap bill instead of real budget
Sunday, July 22, 2012 | The Washington Times
Congress is heading into the final stretch of its summer work period having passed none of its annual spending bills. What’s more, with the start of the next budget year some 70 days away, a tit-for-tat between the Democrat-controlled Senate and the GOP-run House means it’s unlikely that any of the bills will reach the president’s desk for his signature. So with Capitol Hill calcified with partisan gridlock, lawmakers are gearing up for an all-too-familiar annual routine: kicking their appropriating responsibilities down the road by passing temporary, stopgap funding bills to avoid a government shutdown at the start of the next fiscal year Oct. 1. Read More...

Liberty Alerts

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