Liberty Pile - Libertarian News

Thousands protest the Federal Reserve in cities all over The United States.

...on a weekend.

Not surprisingly, it gets hardly any coverage in the media.  However, Russia Today did have some decent coverage.  Meanwhile, The Huffington Post calls for Ron Paul Republicans to stage a GOP coup.

Ironically, Citigroup was bailed out by the Federal Government a few days later and the board at General Motors is looking at bankruptcy as a possible option. 

Taking this news in stride are the Lakota People, who recently started their own private bank based on gold and silver.  The public is welcome. 

Obama's recent appointments leave much to be desired and are pretty much the antithesis of "change."  Antiwar.com's Justin Raimondo had a few things to say about the foreign policy implications and Cato chimed in too. 

How much is that US financial bailout costing so far?  $700 billion?  $800 billion?  One trillion?  Nope.  Try $7.7 trillion.  That's $24,000 for every man, woman and child in the United States.

As the Bush presidency winds down, the pardons start rolling out.  14 pardons and 2 prison commutes so far.  Michael Milken is seeking a pardon on securities fraud.  Reps Randy Cunningham [R-CA]  and Governor Edwin Williams [D-LA], convicted of 'public corruption' are also hoping to shorten their terms. 

In other bankruptcy news, the State of New Jersey is insolvent.  State pension funds lost $23 Billion so far this year.  For perspective, the funds support the retirement packages of about 700,000 New Jersey employees. 

The Federal Government continues to claim that the US is in a 'credit crisis.'  Therefore the Federal Reserve must inject (e.g. print money) liquidity into the system and bailout failing companies.  This is why the recent closure of Prosper by the SEC, a company that matches borrowers and lenders easily the web is, at the very least, a demonstration of extreme absurdity.  Of course, I don't expect anyone reading to assume the rationality of Government.

This week was Thanksgiving and a recent article over at The Independent Institute revisits how the Pilgrims really solved their food shortages.  Hint: It wasn't collectivized farming.   

The biggest news of the week was the attack in India's financial center Mumbai.  At the time of this writing, 195 had been killed when gunmen attacked 10 sites starting on Wednesday night.  New Hampshire based Ridley Report ponders the question: "What impact did India's gun control laws have on the terrorist attack?"

That is all for this week, send any questions or comments you may have here.