JBS CEO Art Thompson's video news update for July 9-15, 2012.

With Ron Paul’s bill H.R. 459, the Federal Reserve Transparency Act, headed for a floor vote in the House in the next two weeks (and likely success at passage with 263 sponsors), he and his son Sen. Rand Paul (R-Ky.) are now focusing on the Internet.

His Campaign for Liberty (C4L), started in 2008 with some four million dollars of campaign funds from his unsuccessful run for the White House that year, has issued its manifesto to continue the fight: “The Technology Revolution: A Campaign for Liberty Manifesto.”

Best known as the co-author, along with Nobel Prize winning economist Milton Freidman, of A Monetary History of the United States, 1867-1960, Anna Jacobson Schwartz died on Thursday, June 21, in New York City at age 96.  A brilliant economist in her own right, she provided the background, the research and so much of the thinking behind the 859-page A Monetary History that Friedman claimed that “Anna did all the work, and I got most of the recognition.”

 

Peter Schiff's latest book, The Real Crash: Americans Coming Bankruptcy -— How to Save Yourself and Your Country, is a treasure trove of economic wisdom and policy proposals. Americans ignore the valuable insights of Peter Schiff at their own peril.

 

As the prospect of Greece leaving the eurozone dominates headlines around the world, Greeks are lining up at ATMs and financial institutions to withdraw their funds in what some analysts have already described as a run on the banks. More than a billion euros have been withdrawn just in the last few days. And experts say the panic could soon spread to other fragile countries such as Italy and Spain. 

JPMorgan Chase CEO Jamie Dimon's admission to a $2 billion bank loss barely counts as scratch on the $16 Trillion loan and bailout scandal that the GAO audit of the Federal Reserve revealed, and the Volcker Rule will do nothing to solve the fractional reserve flaw at the heart of our monetary crisis.

 JBS CEO Art Thompson's video news update for May 14-20, 2012.

In a landmark step with global implications, the Federal Reserve — despite national security concerns — approved the first communist Chinese takeover of a U.S. bank: New York's Bank of East Asia.

 

In a rare moment of bipartisan unity, lawmakers and economists on both sides of the aisle largely agreed on two points: The Federal Reserve System as it stands is hurting America and something must be done to stop it. Just what exactly needs to happen, however, was the subject of considerable debate during a Subcommittee on Domestic Monetary Policy hearing Tuesday chaired by sound-money advocate and GOP presidential contender Rep. Ron Paul (R-Texas).

 Video of JBS President John F. McManus speaking on the economy, debt, and the dollar.

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