Hi Cody, For the first couple of weeks I didn't trust you because of that bad hair cut! After watching Happy Hour with Eric and Rebecca for a while I really appreciate your hatred of our new welfare economy. I didn't understand your contract law comments until today. Basically, you are saying honor your obligations and don't make someone else pay for one's mistakes. What a concept! Keep up the fight against the UAW. They may ultimately destroy the U.S. car companies before they destroy themselves. Its ok though because Toyota, Honda and BMW will pick up the slack.

Cody have you not been paying attention......Obama is going to fix everything. :/

Hey socialism is great, I can't wait for it. The reason being you get paid no matter if you do a good job or not, government gives all. It would be like working under a large union or better yet super size welfare.If your house is need of repair ,don't worry about it, the government will build you a new one. If you miss work, don't worry you still get paid. People wake up and enjoy this new gift.

Comment by 6ftrabbit To those advocating a return to the gold standard, you should understand that gold is a fairly useless, albeit pretty, metal. Can’t eat it or burn it in your car..... ______________ 6ftrabbit, The Gold Standard may not be perfect, but most of us that understand what sound money would do will take it. The alternative is the system we have that has lead us to where we are. The Fed can't do the job congress gave them the power to do; the market can do it without them. The problem with a fiat system is there is nothing to redeem your currency to, there are no checks on endless inflation and counterfeiting via printing of money and treasuries that leads to devaluation of the dollar and the loss of our purchasing power. You could benefit by reading a little history of money and banking and understand that gold became money for a reason and the reason was trust in it as value and accepted use for barter. The Federal Reserve Note is money by law (decree of a government via legal tender laws), there is a difference there. True you can't eat gold but you can't eat paper either. The Fed has endless printing ability, only God can make more gold. Our energy should be focused on legalizing a competitive currency. Let's see the Federal Reserve monopoly of money broken! Get the government and the government backed federal reserve out of banking and win a free country.

How to destroy our government...are you ready? Stop paying your taxes and your mortgage..end of the government, end of the elite, start of a new govrenment. And guess what you got a free house out of it! Back to farming for yourself and family..no more working (slaving) for the white man

When are We the taxpayer going to get some bailout! Cody what the heck is going on that noone is even doing a damn thing to help out the common taxpayer in all this chaos. If they want the economy to grow then refund the taxpayers 6 to 12 months of federal taxes and let us decide whom to bailout.

How is the market suppose to correct itself when the Fed refuses to stop correcting it? It's their meddling that got us into this mess, not the free market.

Rabbit- Some of gold's advantages as a monetary metal are: 1. It is relatively rare 2. Its supply is difficult to increase at a high rate. 3. It is fairly indestructible. 4. It has always been considered valuable by most civilizations. You are correct that it can't be eaten or burned, like our paper money. Some of its limitations as an industrial metal have more to do with its rarity rather than its properties (its resistance to corrosion would make it the material of choice for many electrical and plating applications, if only it weren't so expensive). But item 4 above, whether it's absolutely rational or not, makes it superior to paper as money. No one considers paper intrinsically valuable. We consider it money because the government says it is. That's even less rational.

Cody, Great piece. Nice to see somebody in the media is paying attention. I was wondering if you could cover another article explaining the history and going over the unconstitutionality of the FED ... i know it sounds boring ... but it is a necessary piece of information for many many people to see. P.S. For all those people on here explaining that the FED has to be replaced by something? No it doesn't ... you don't want to replace a serial killer with a group of murderers ... The fact is that the market will fill the gap and take control of itself.

It is incredible that you are allowed a national soap box to voice the unbelieveable stuff that spews from your mouth. I am 55 years old and have never been so amazed by the stupidity that you voice on national tv. If you had your way on any of the issues of late we would all be living in the dark ages. wafj

The Federal Reserve was put into place to stabilize the economy and yet we have had recessions, panics, burst bubbles, gold confiscation, and (so far) one depression since 1913. It's obvious they cannot hold up their end of the bargain and should be dismantled. If left in place they, themselves, will become the biggest bank failure in history. And that is fine with me but the problem is they will take us all down with them.

Now I do not wonder how it becomes possible that Babylon (40 miles south of Baghdad) is stated in the Bible as the economic and political capital of the world at the end of this, the last generation. Who woulda thunk it!? BTW, Iraq's stock market, now doubling every few months, is not tied to ANY other world financial market. THAT makes it currently the best place to do business around this finantially frantic globe of ours, eh?

To those advocating a return to the gold standard, you should understand that gold is a fairly useless, albeit pretty, metal. Can't eat it or burn it in your car, etc. It has some uses in dentistry, and electronic gizmos, but personally I wouldn't trade you a bushel of beans for a ton of gold. Why not go to a seashell standard? or pick some other rock? Same concept. Somebody just decrees that such and such is "valuable", that it is worth so much labor, land, or goods per ounce, or pound, or whatever. Pretty Beads, anyone? That said, I have no love of the current system either. I'm just wondering if Cody - or anyone else - has some magic bullet he can pull out of his (pocket) to remedy this mess. I kinda doubt it.

BADBYE LOSS OF JOBS: People elect governments which promise more money in their hands to spend.In other words governments are forced by the people to cause inflation.People require money for growth of their existence through developing human babies,increasing their activities through machines and tools and extension in space eg. by acquiring new land & constructing new dwellings.But whenever inflation occured it was invariably followed by a depression or deflation with loss of jobs.When jobs were lost the - loosers tended to diversify into new functions becoming elements of novel economic entities. Historically inflation of immense energy deflated in to elementary particles.The inflating clouds of elementary particles de- flated into clouds of hydrogen atoms.Expanding Hydrogen clouds deflated into galaxies of superstars which through a further series of contractions & explosions (nova's) produced elements of the periodic table.The inflating cosmic dust from nova's was contracted to form earth.The diversification of the original mass into newer entities of existence continued on earth because the earth went through a series of hot's(inflations) and cools(depressions).The living systems were formed which diversified quickly into newer forms whenever their was a depression (i.e cooling) and inflated to huge populations during warmer periods on earth.Depression was therefore obligatory for differentiation or diversification and inflation was obligatory for growth and both the actions were necessary for each other. Inflationary activities of man have now come to a critical point because of globalization of economy.When a company faces monetary (energy) shortage the safest way for it to survive is first to cut down extravagant activities and then to cut down salaries and jobs of human employees because human resources can be regenrated quickly on return of good times.The non human resources such as land, building and machines are very difficult to regenrate and so if they are lost the company dies. Cosumption surplus money saved by people or taxed from them is collected by institutions and provided for enterprises which build infrastructure substratum to culture the increasing human resource.But the amount of energy convertible into money per day on earth is limited by factors such as the amount of recieved sunlight(eg.by limiting photosynthesis & hydroelectricity),amount of extracted fossil fuels per day & the amount of nuclear energy produced per day.When we feed our enterprises false money (overdrafts not based on real collection base) at a rate more than we are obtaining from nature then we head for depression & are liable to continue loosing jobs.

The only plausible civil counter-balance to the Federal Dominate that started with the twin early twentieth century establishment of the central bank and the unlimited taxation syphon (16th amendment), would be a states-initiated Consitutional convention to establish a separation of banking and state. Of course that would only knock off half the legs under the new Dominate. Frankly, I'd prefer to also see constitutional-convention initiated amendments establishing the separation of education and state, and a repeal of the 16th amendment, but since all constituent states run a department of education, and get their own revenue on the same model as the Feds, its not likely. Education is too important a function *to any individual* to be left in the hands of the state, or to be left as a political issue. Personal income is also too important to everyone pulling in a paycheck to be grabbed carte-blanche to the will of the majority. Unfortunately, the range of the moment mentality that policy makers at all levels of government (local to Federal) makes the civil solution unlikely (c.f. the products of state run educational institutions), so as the screws (and belts) get tightened, it is more likely that localized uncivil solutions will dominate in the realms of the Dominate.

why don't we do away with the income tax, that's also unconstitutional. We can go drop out of the global enconomy/trade and go into isolationism. Also go back to the horse and buggy, close all power plants and get rid of child labor laws!! That's if we want to go back to "the good old daze"!!

Cody, I voted for the candidate that promised to abolish the federal reserve. Anyone with a foot in the door knows the name of the Fed game is THE BAILOUT. They are like a kid in a candy store come bailout time. I disagree about profits being the only thing that makes stocks go up. If the fed starts printing money and starts a hyperinflation; stocks will be going to the moon. Of course, so will everything else. And that brings us to the real problem: The Fed controls our purchasing power. The Fed is the banker of the problems. Remove the power to finance government debt and the printing presses and we win a lean mean slimmed down government. We can return to live within our means. The Fed with the combination of fractional reserve banking and their sheriff BIG GOVERNMENT are the culprits of our lost purchasing power. Things will never get back to normal when investors are forced to try and guess what The Fed or Government might do next. Thanks a million to FBC for the coverage of The Fed and the court proceedings you have going. The American people deserve to know what the Fed is doing and what the Fed has on the books!

Hey Cody, I just caught your interview with Jim Rogers and was glad to see a young guy, with his foot in the door in the news media, that "gets it." Even though you were as giddy as a schoolgirl for getting to chat with Jim Rogers ;-) I would be to... Anyways, I just found out about you last night and wanted to say keep up the good work, keep spreading the message. Oh yeah, you seemed to be able to connect with people on Leno, use that skill dude. Get out in the public eye and use your celebrity. If you can make concerns about the economy/politics/liberty/free markets popular in the younger generations, then maybe we'll actually have a shot at turning this ship around. John

Cody, I am so glad to see you targeting the FRS - a partnership of politicians and a private banking cartel with a monopoly to print legal tender. Keep hitting 'em! Of course it is not achieving its stated purpose. Read G. Edward Griffin's book, The Creature from Jekyll Island. He lists the true goals of the cartel. And it is achieving those quite well. For those of you new to this subject, here's the first paper I ever read concerning sound money and the fallacy behind a lender of last resort(it was suggested to me by Thomas E. Woods on the Campaign for Liberty site): Murray N. Rothbard's book What Has Government Done to Our Money? http://mises.org/money.asp Second, as suggested above, get Peter Schiff on your show(try to get a day when EB and RD are on vacation or something, it will save them much embarassment. Heck, give all the other talking heads a day off.) I think a critical mass of people responding to the message of freedom is being reached. We know it is futile to wait for the government to make us freer. The beast is in its death throes and we need to stay focused: personal and economic liberty, sound money, and friendship through trade. Here's the actions I'm taking: 1. Education - mises.org, lewrockwell.com, campaignforliberty.com, antiwar.com 2. Law - studying the U.S. and my state's constitutions 3. Taxes - studying the material at losthorizons.com and in the book Cracking the Code 4. Defense - going to exercise my right to bear arms 5. Money - preparing for competing currencies(sound money) Thank you for all your doing Cody. You are getting the airtime on MSM and even a few guests are willing to dance with you. Later.

Why sweat and sacrifice to earn and save money - when the government can just print more of it?

Give them Hell Cody. Dont let up!! And dont let those Madoff investors get our tax dollars. Protect US Savers and Renters. Save the $.

Great article, Cody. Yes, Americans are ready for CHANGE but not the change that the pres-elect is promising. How can we as true Americans change the government to represent the true Americans? The government is set up to promote and encourage widespread greed and corruption among all. Unfortunately, we as ordinary citizens have spent years thinking the government would "do the right thing" by representing and protecting all of its citizens. The bailouts have sure proved this theory wrong and more and more people want the government out of their lives and paychecks if this is what we can expect from them.

thank you cody for getting me interested in whats going on,i started watchin you guys back in sept. I am a small construction contractor in wisconsin and dont need to tell you what ive been through this year and whats to come for me and my family.It is very scary up here there are alot of guys in the same boat. I use to to feel good about the (feds) but i liken this to the day when a man grows up and finds out his father is not superman and cant always save the day.I wish I could call a mully for all the decisions ive made, like these guys the feds keep bailing out keep up the good work

Will the Federal Reserve be around for some time yet, or will it be history in the near future? Either way, I suggest an audit be done regarding the gold at Fort Knox, which does not back the dollar and has not since 1971. The gold just sits there, or at least I hope it still just sits there. I would like to see an audit of Fort Knox and not by the hands of the Federal Reserve.

We are truly at one of the most critical economic crossroads of the last hundred years, with the direst of possible consequences. Given that we are, for the most part, captive spectators, I cannot help but appreciate the magnitude of Ben's fascinating experiment. Read Ben's essays on the Great Depression and you clearly see his roadmap strategy for the current economic crisis. The countries that were quickest to abandon the gold standard, reflate their money supplies, and even devalue their currencies suffered the least in magnitude and duration. It is like he was born for this moment, at least he must think so. It is the ultimate contest between the Austrian and Keynesian macroeconomic schools. Can he conquer the deflation and avoid the hyperinflation? Historians will cast him as the ultimate hero or villain, there is no middle ground. Hang on for the ride of your life. It certainly will not be boring. And may God be with us all. Brad.