Editor: Janine Hansen
Special Double Issue
Vol. 34 No. 11
Thank You! For your Support this Year!
Dear Friends and Supporters,
Every Year we like to acknowledge you, our supporters and say THANK YOU! It is because of you, your prayers and generous contributions that Nevada Families/Eagle Forum has accomplished so much!
This year, instead of sending Freedom Calendars I felt it would be best to send you a DVD of the most riveting and critical political film I have ever watched in all my years of activism. We hope you will share this DVD with family and friends. Our founding Fathers sacrificed that we might be a free nation. Our liberties, one by one, have been ever so carefully siphoned away.
America: From Freedom to Fascism!
“America: From Freedom to Fascism” is a startling examination of government. It exposes the systematic erosion of civil liberties in America since 1913 when the Federal Reserve system was fraudulently created. Through interviews with U.S. Congressmen, a former IRS Commissioner, former IRS and FBI agents and tax attorneys and authors, producer Aaron Russo connects the dots between money creation, federal income tax, and the national identity card (REAL ID), which becomes law in May 2008. This ID card will use Radio Frequency Identification (RFID) chips, which are essentially homing devices used to track people. This film shows in great detail and undeniable facts that America is moving headlong into a fascist police state.
The film was produced by Aaron Russo, acclaimed film producer and former candidate for Governor of Nevada, before his recent untimely death to cancer. The DVD is available from the www.freedomtofascism.com However, Nevada Families/Eagle Forum, has purchased bulk copies in order to provide them to you in next month’s Newsletter. We will have bulk copies available for your personal distribution or Christmas gifts at $5.00 each.
“Good As GOLD”
It just so happened that after we planned to send the DVD “America: From Freedom to Fascism”, that the enclosed article “Good As GOLD” was published. Part of the information in the film introduces you to the dual monetary system passed by Congress in 1985 as the Gold Bullion Coin Act and spearheaded by Congressman and now presidential candidate Ron Paul.
My brother Joel Hansen, who is featured in the article is one of the lawyers in this fascinating case. This is an especially interesting case because the value of a paper Federal Reserve Note known as the US dollar is falling like a rock, while the price of gold has recently topped historic highs at $800 an ounce. You can see the price of food and everything else going up. One of the main reasons is because the value (purchasing power) of the FRN greenback dollar is rapidly declining. (see Paul’s article on back)
Please Remember Nevada Families/Eagle Forum as we approach the Christmas Season. Our donations have been down due, I’m sure, to the economy. We need your continued support. Thanks so much and have a HAPPY THANKSGIVING! Janine Hansen
Nevada Families Eagle Forum Newsletter is published 12 times a year. The Subscription price is $25.00.
Statement Before the Joint Economic Committee
November 8, 2007
Mr. Chairman, our economy finds itself in a precarious state. Oil prices are rising, gold is nearing all-time highs, and the dollar is nearing all-time lows. The root of this crisis, as with past financial and economic crises, results from federal government intervention into the economy, not to anything endemic to the market, nor to the the actions of market participants.
The collapse of the housing market has served as a catalyst for the economy's latest bust. For years the federal government has made it one of its prime aims to encourage homeownership among people who otherwise would not be able to afford homes. Various federal mortgage programs through the FHA, Fannie Mae, and Freddie Mac have distorted the normal workings of the housing market.
The implicit government backing of Fannie Mae and Freddie Mac provides investors an incentive to provide funds to Fannie and Freddie that otherwise would have been put to use in other sectors of the economy. It was this flood of investor capital that helped to fuel the housing bubble.
Legislation such as the Zero Downpayment Act and the misnamed American Dream Downpayment Act made it possible for people who could not afford down payments on houses to receive assistance from the federal government, or even to pay no down payment at all, courtesy of the taxpayers. The requirement of a down payment has always helped to ascertain the ability of a buyer to pay off a mortgage. It requires the buyer to show hard work and thrift, the ability to delay present consumption in order to make a larger acquisition in the future.
When this requirement is minimized or eliminated, you introduce a new class of homebuyers, people who are unable to budget and save for the purchase of a home, or who should wait for a few years until they have saved enough to purchase a home. Federal policies have encouraged investors, lenders, and brokers to cater to these people, so it is no surprise that market actors came up with ever more sophisticated means of bringing these people into the real estate market.
Finally, the Federal Reserve's loose monetary policy and lowering of interest rates were a major spur to the housing boom. Low interest rates influence marginal buyers, those who are sitting on the fence, and encourage them to take on a mortgage that they otherwise would not. Even when interest rates are raised, no one expects them to stay high for long, as there is always pressure from politicians and investors to keep rates low, as no one wants the cheap credit to end.
Thinking that interest rates will cycle from low to higher, back to low, lenders begin to offer adjustable rate mortgages, 2/28's, 3/27's, and other sophisticated mortgages that may trap many unsavvy buyers. Buyers go short, lenders go long, and many people have been burned as a result.
It is time that the federal government get out of the housing business. Through our interventionist legislation we have caused the boom and bust, and any attempts at reform that fail to address the causes of our current problem will only sow the seeds for the next bubble. END
“…in every thing by prayer and supplication with thanksgiving let your requests be made known unto God.” KJV Philippians 4:6