Friday, July 27, 2007
Thursday, July 19, 2007
Wright Patman on the Federal Reserve via Scott Haley

Wright Patman (1893-1976) was a Democratic representative from Texas, who served in the U.S. Congress from 1929 to his death on March 7, 1976. He was chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913.
Here are excerpts from what he said on September 29, 1941, as reported in the Congressional Record of the House of Representatives (pages 7582-7583):
“When our Federal Government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I am saying to you in all sincerity, and with all the earnestness that I possess, it is absolutely wrong for the Government to issue interest-bearing obligations. It is not only wrong: it is extravagant. It is not only extravagant, it is wasteful. It is absolutely unnecessary.
“Now, take the Panama Canal bonds. They amounted to a little less than $50,000,000 — $49,800,000. By the time they are paid, the Government will have paid $75,000,000 in interest on bonds of less than $50,000,000. So the Government is paying out $125,000,000 to obtain the use of $49,800,000. That is the way it has worked all along. That is our policy. That is our system. The question is: Should that policy be continued? Is it sane? Is it reasonable? Is it right, or is it wrong? If it is wrong, it should be changed.
“Now, I believe the system should be changed. The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks.
“I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue. I make that statement after years of study.
We have what is known as the Federal Reserve Bank System. That system is not owned by the Government. Many people think that it is, because it says `Federal Reserve'. It belongs to the private banks, private corporations. So we have farmed out to the Federal Reserve Banking System that is owned exclusively, wholly, 100 percent by the private banks — we have farmed out to them the privilege of issuing the Government's money. If we were to take this privilege back from them, we could save the amount of money that I have indicated in enormous interest charges.” (End of Patman's 1941 speech.)
End the unconstitutional Fed Reserve System. It enriches central bankers at our expense. Inflation of the money supply, along with obscene deficit-spending (done by Congress, BUT FACILITATED by the Fed Reserve), is the direct cause of price inflation.
Scott Haley's Blog (http://individualsovereignty.blogspot.com/)
Tuesday, July 17, 2007
Saturday, June 30, 2007
Media Reform Information Center
The Media Information Center links could provide some important complementary studies for people pursuing careers in writing and journalism. Also important for the rest of us to know too, else we be blinded by the media spin. Ref. http://www.corporations.org/media/
Thursday, June 28, 2007
Indoctrinate U Trailer
Indoctrinate U, Evan Coyne Maloney's devastating exposé of American college campuses, tells the stories our nation's professoriate doesn't want you to hear.
At colleges and universities across the nation, from Berkeley and Stanford to Yale and Bucknell, the charismatic filmmaker uncovers academics who use classrooms as political soapboxes, students who must parrot their professors' politics to get good grades, and administrators who censor diversity of thought and opinion. With flair and wit, Maloney poses tough questions to America's academics and university administrators -- who often call campus security rather than give him straight answers. And Maloney gives a voice to those whose stories of harassment, intimidation, and censorship make our nation's universities, supposed bastions of impartiality and free inquiry, seem mere mainstays of groupthink and indoctrination.
But Indoctrinate U can tell only representative stories from some campuses. Every day, at colleges and universities across the nation, professors and university administrators continue to scorn their students' academic freedom and belittle the once-lofty goals of "liberal education." This page will complement the film by presenting more stories of the American university's unconscionable abuse of the public's faith and of its educational mandate.
http://indoctrinate-u.com/pages/welcome.html
Academic Freedom for Me, But Not for Thee
Just a reminder about how thoroughly even colleges and universities in the heartland have been captured by the anti-Christian left:
An astronomer at Iowa State University, Professor Gonzalez was recently denied tenure—despite his stellar academic record—and it is increasingly clear he was rejected for one reason: He wrote a book entitled The Privileged Planet which showed that there is evidence for design in the universe....
Dr. Gonzalez, who fled from Cuba to America as a child, earned his PhD in astronomy from the University of Washington. By academic standards, Dr. Gonzalez has had a remarkable career. Though still a young man, he has already authored sixty-eight peer-reviewed scientific papers. These papers have been featured in some of the world's most respected scientific journals, including Science and Nature. Dr. Gonzalez has also co-authored a college-level text book entitled Observational Astronomy, which was published by Cambridge Press.
According to the written requirements for tenure at the Iowa State University, a prospective candidate is required to have published at least fifteen peer-reviewed scientific papers. With sixty-eight papers to his name, Dr. Gonzalez has already exceeded that requirement by 350%. Ninety-one percent of professors who applied for tenure at Iowa State University this year were successful, implying that there has to be something seriously wrong with a candidate before they are rejected.
What's wrong with Dr. Gonzalez? So far as anyone can tell, this rejection had little to do with his scientific research, and everything to do with the fact that Dr. Gonzalez believes the scientific evidence points to the idea of an intelligent designer. In fact, as World Magazine has reported, at least two scientists in the Physics and Astronomy Department at the Iowa State University have admitted that intelligent design played a role in their decision. This despite the fact that Dr. Gonzalez does not teach intelligent design in any of his classes, and that none of his peer-reviewed papers deal with the subject. Nevertheless, simply because Gonzalez holds the view that there is intelligence behind the universe, and has written a book presenting scientific evidence for this fact, he is considered unsuitable at Iowa State.
http://www.townhall.com/columnists/KenConnor/2007/05/27/academias_assault_on_intelligent_design