If the Economy’s so Bad, Why Is the Unemployment Rate so Low?

The following article is a good discussion about the current economy and the misleading unemployment numbers:

"In short, by expanding the prison population, we have removed more and more young men from our labor market count. This reduces aggregate unemployment rates and raises employment shares, since these are often persons who would have difficulty finding jobs if they were not in prison."

http://www.epi.org/content.cfm/webfeatures_viewpoints_testimony_blank2

Bankruptcy filings surge to 1 million - up 29%

Another bad indicator for the U.S. economy:

http://money.cnn.com/2008/08/27/news/economy/bankruptcy/index.htm?cnn=yes

N'il-flation Strikes The Dow - Earnings Plummet Into The Red

Is this cause for alarm?

http://caseyresearch.com/displayCcs.php?e=true

UK Cashless Society

Do you still think that the cashless society is a conspiracy theory? The banks would like it very much if you would give up your cash:

A History of Fractional Reserve Banking

Good discussion at Digg about the Federal Reserve:

http://digg.com/educational/A_History_of_Fractional_Reserve_Banking_and_Why_Monetary_Policy_Matters

Lewis vs. US

If you're still not convinced that the Federal Reserve is private, then take a look at this court case and you'll understand. The Court of Appeals, Poole, Circuit Judge, held that federal reserve banks are not federal instrumentalities for purposes of the Act, but are independent, privately owned and locally controlled corporations:

http://www.geocities.com/chrisforliberty/lewis.html

Texas Governor 2010 - Federal Reserve is private

More discussions about the Federal Reserve from a candidate for governor in Texas:

JFK, Executive Order 11110, And The Federal Reserve

There are some people that still believe that the Fed is federal like a government corporation. What are your thoughts?