Tag Archives: federal-reserve

Top Ten Places to Visit in New York City

When I asked all of you to send in your list of places to visit in your area, several of you responded with lists for New York City. As I read through them, I noticed what I call the “old standbys”. We already know we should try to check out the Statue of Liberty and Times Square if we get to NYC. However, I also noticed that most of you listed a couple of “out of the way” places… things that most of us would have never thought to see and do. I compiled the following list of ideas from several different NYC submissions. Hopefully, you’ll get a chance to visit some of these places if you ever find yourself in New York. As for me… I want to eat on Mars!!

  • Ellis Island Immigration Museum – The Ellis Island Immigration Museum offers visitors a fascinating look into the immigrant experience. Interactive exhibits, walking tours and movies reveal the hardships and challenges faced by immigrants passing through Ellis Island.
  • American Museum of Natural History – Since opening to the public in 1869, the American Museum of Natural History has evolved and grown. In addition to the Rose Center planetarium and regular exhibits, the American Museum of Natural History hosts a revolving series of new exhibits, so there is always something new to see.
  • Madam Tussauds Wax Museum – The wax figures are all of famous actors, actresses, TV show hosts, and other celebrities. They actually look life like, so the art work done is quite impressive.
  • Mars 2112 Restaurant – This is a restaurant with a unique atmosphere. When you walk inside the door, you are still on the planet Earth. You are then told to get inside a simulation ride that brings you to Mars. While you are on Mars (the actual restaurant), you will have an experience unlike any other, including aliens that come and hang out at your table!
  • The Metropolitan Museum of Art – This is one of top art museums of the world. Its collections include more than two million works of art spanning 5,000 years of world culture, from prehistory to the present and from every part of the globe. The Museum’s two-million-square-foot building has vast holdings that represent a series of collections, each of which ranks in its category among the finest in the world.
  • Grand Central Terminal – Grand Central Station is obviously very well known – but not well understood. It is the largest train terminal in the world (by number of tracks), and one of the most ornate as well. The main concourse with its ceiling painting of the cosmos is very amazing to look at. There are shops and restaurants located throughout the terminal, as well.
  • Solomon R. Guggenheim Museum – Named the Solomon R. Guggenheim Museum in honor of its founder, is known as much for its building design as it is for its content. Frank Lloyd Wright’s masterpiece of modern architecture is home to the world-renowned Guggenheim collection of modern and contemporary art.
  • The Chrysler Building – This building is itself a sight to behold. At the time it was built, it was the largest building in the United States, and the architecture is beautiful. Inside, you’ll see much of the decor based off of automobile parts, which is unique and fun to take a look at.
  • St Patrick’s Cathedral – The Cathedral is the largest gothic-style Catholic Cathedral in the United States and has been recognized throughout its history as a pre-eminent center of Catholic life in this country. Over five and a half million visitors each year come to visit and pray. The Cathedral has come to represent for so many a place of peace and tranquility. It is an absolutely beautiful place.
  • NY Federal Reserve and Gold Vault – This is likely one of the coolest spots in New York City. You can take a one-hour tour through the building and its gold vault. Be prepared to show up a half an hour early to get yourself through security screening, though.

Thanks so much to everyone who submitted a list for New York City! If you wish to send me a list of top places to visit in your area, make sure you list things that aren’t considered to be “the usual”. You may just see your post here on my blog!

Is it Time to Abolish the Federal Reserve?

The economic pundits are out in full force this week discussing subprime lending’s imminent (if not present) collapse. I’ve heard ’em on ABC, NPR, Fox, CNN – they’re everywhere, and some of them are smart enough to realize that the problem stems from America being a host to the disease known as the Federal Reserve (read: we’re not controlled so much by government as we are by a central bank).

I wanted to call your attention to one person in particular. Catherine Austin Fitts:

Catherine Austin Fitts offers a unique perspective on the global financial system and on the political economy. Her background includes: Wall Street: Managing Director and member of the Board, Dillon Read & Co. Inc.; Government: Assistant Secretary of Housing – Federal Housing Commissioner; Entrepreneur: President and founder of Hamilton Securities investment bank. Catherine has designed and closed over $25 billion of transactions and investments to-date and has led portfolio strategy for $300 billion of financial assets and liabilities.

Okay, credibility established – right? I hope you’re sitting down. This is part of what she shared last night on the radio:

Fitts spoke on black budgets—money used by the federal government which is not reported in their financial statements—and how they are used to fund (on a non-transparent basis) corporations performing secret military and intelligence functions. She said the people who control these ‘covert’ cash flows end up manipulating the ‘overt’ world.

She described how money can be laundered through publicly traded companies, using the European Union’s lawsuit against RJR Nabisco as a case study. Fitts explained stock ‘pump and dump’ schemes, pointing out that not only can stocks be pumped up and dumped but so can real estate, countries (Iraq), and even the planet. Fitts noted problems with the central banking warfare model, which she said helped make America successful but is not sustainable and no longer works. She also explained what she calls the ‘tapeworm economy,’ in which a small group of insiders centralize political and economic power to make money in a way that actually destroys wealth.

Fitts discussed the US Department of Housing and Urban Development (HUD), which she said is being run as a “criminal enterprise.” According to Fitts, HUD reported $17 billion missing in fiscal 1998 as well as $59 billion in undocumented adjustments the following year. The HUD inspector general refused to produce financial statements, she said, noting that it is illegal to spend money that has not been appropriated by Congress. Fitts also talked about the last housing bubble, the current crisis in the housing and mortgage markets and how it was engineered.

I’m still trying to sift through Noam Chomsky’s latest: Failed States: The Abuse of Power and the Assault on Democracy. I’d imagine it’s right up Catherine’s alley, too. I’m sure the Ron Paul’ites will come out of the woodwork to state that he’s the only presidential candidate who wants to abolish the Fed – which may be true, but I’m more concerned about the other candidates who either (a) don’t have a clue, or (b) are a part of the problem.

[UPDATE: I was going to save this for a later post, but now’s a good a time to link to it as any. Cameron Reilly had Noam on G’Day World a while ago, then had me on at a much later date to discuss similar matters. I returned the favor last night, although my video conference with Cam hasn’t yet been posted.]