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| 5/12/2010 |
Alan Grayson On The Passage Of The Partial "Audit The Fed" Amendment But our work isn't quite done. The Senate audit provision isn't as strong as what we passed in the House. The Senate provision has only a one-time audit, whereas what we passed in the House would allow audits going forward. There will be a conference committee that will merge the provisions from the two bills. (Zero Hedge) | |||
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| 1/1/2010 |
Responses to Littlefield: The Wizard of Oz Since Littlefield's article first appeared in American Quarterly in 1964, many history teachers have no doubt used his observations to help their students learn about Populism. Oddly enough, however, Littlefield's article generated little journalistic or scholarly interest in the years following its initial publication. Littlefield was not, by the way, the first analyst to suggest that Baum may have been commenting on contemporary politics in his Oz stories. In 1957, Russell B. Nye made mention of the satire in Baum's Oz books. He emphasized, however, that Baum's intention was to amuse his readers and not to criticize. Still, Nye suggested that in Baum's sequel The Marvelous Land of Oz, "General Jinjur's army of girls armed with hatpins, satirizes the suffragette movement, a reference too sophisticated for his child readers to identify." Rather than a political allegory, Nye regarded Oz as Baum's utopian vision of America, a land free from disease and poverty, and where selfless people live not only in harmony with nature, but with technology as well. In his 1971 book The Winning of the Midwest, Richard Jensen outlined Littlefield's interpretation of The Wizard of Oz and he added a couple of refinements to it. Surprisingly, Littlefield had not considered what Toto symbolized. Jensen asserted that, "Dorothy's frisky dog Toto represents the teetotaling Prohibitionists in the silverite coalition." Jensen also pointed out that "Oz" is the abbreviation for ounce, which is the standard unit of measure for both silver and gold. Gore Vidal mentioned Littlefield's article as an aside in his essay "The Oz Books," which appeared in The New York Review of Books in 1977. He called Littlefield's interpretation "elaborate" and questioned whether Baum had intended to write a political allegory. Despite his public support for Bryan in the 1896 and 1900 elections, Vidal regarded Baum as an apolitical writer. Vidal did point out, however, that Baum had "very definite ideas about the way the world should be." (Turn On Me, Dead Man) | |||
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keywords: Alternative Media, Chicago, David Parker, Gene Clanton, Gold, Gore Vidal, Gretchen Ritter, Henry Littlefield, Hugh Rockoff, John Geer, Lawrence Swaim, Los Angeles Times, Michael Dregni, Michael Genovese, Michael Patrick Hearn, Ranjit Dighe, Richard Jensen, Ronald Reagan, Russell Nye, Silver, Thomas Rochon, United States, William Jennings Bryan, William Leach, Wizard Of Oz
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| 12/28/1913 |
History of the Federal Reserve System The enactment of the Federal Reserve Act In its final form, the Federal Reserve Act represented a compromise among three political groups. Most Republicans (and the Wall Street bankers) favored the Aldrich Plan that came out of Jekyll Island. Progressive Democrats demanded a reserve system and currency supply owned and controlled by the Government in order to counter the "money trust" and destroy the existing concentration of credit resources in Wall Street. Conservative Democrats proposed a decentralized reserve system, owned and controlled privately but free of Wall Street domination. No group got exactly what it wanted. But the Aldrich plan more nearly represented the compromise position between the two Democrat extremes, and it was closest to the final legislation passed. The day before the bill was passed, Murdock told Congress: "You allowed the special interests by pretended dissatisfaction with the measure to bring about a sham battle, and the sham battle was for the purpose of diverting you people from the real remedy, and they diverted you. The Wall Street bluff has worked." (Wikipedia) | |||
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keywords: 1907 Panic, Alan Greenspan, Andrew Jackson, Arsène Pujo, Bertie Charles Forbes, Bretton Woods, Carter Glass, Charles D Norton, Charles Lindbergh Sr, Council On Foreign Relations, Dow Jones, Edward House, Elihu Root, Federal Reserve, Financial Crisis, First Bank Of The United States, First National Bank Of New York, Frank Vanderlip, Germany, Henry Davison, JP Morgan Chase, Jekyll Island, Jimmy Carter, John D Rockefeller Jr, Kuhn Loeb & CO, Louis Brandeis, National City Bank, National City Bank Of New York, National Monetary Commission, Nelson Aldrich, New York, Paul Volcker, Paul Warburg, Residential Mortgage-backed Securities, Robert L Owen, Robert Lafollette, Samuel Untermyer, Second Bank Of The United States, The New York Times, US Civil War, US Congress, US Department Of State, US Department Of The Treasury, United States, Victor Murdock, Wall Street, William Jennings Bryan, Woodrow Wilson, World War I
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| 12/31/1969 |
Bryan’s “Cross of Gold” Speech: Mesmerizing the Masses The most famous speech in American political history was delivered by William Jennings Bryan on July 9, 1896, at the Democratic National Convention in Chicago. The issue was whether to endorse the free coinage of silver at a ratio of silver to gold of 16 to 1. (This inflationary measure would have increased the amount of money in circulation and aided cash-poor and debt-burdened farmers.) After speeches on the subject by several U.S. Senators, Bryan rose to speak. The thirty-six-year-old former Congressman from Nebraska aspired to be the Democratic nominee for president, and he had been skillfully, but quietly, building support for himself among the delegates. His dramatic speaking style and rhetoric roused the crowd to a frenzy. The response, wrote one reporter, “came like one great burst of artillery.” Men and women screamed and waved their hats and canes. “Some,” wrote another reporter, “like demented things, divested themselves of their coats and flung them high in the air.” The next day the convention nominated Bryan for President on the fifth ballot. The full text of William Jenning Bryan’s famous “Cross of Gold” speech appears below. The audio portion is an excerpt. [Note on the recording: In 1896 recording technology was in its infancy, and recording a political convention would have been impossible. But in the early 20th century, the fame of Bryan’s “Cross of Gold” speech led him to repeat it numerous times on the Chautauqua lecture circuit where he was an enormously popular speaker. In 1921 (25 years after the original speech), he recorded portions of the speech for Gennett Records in Richmond, Indiana. Although the recording does not capture the power and drama of the original address, it does allow us to hear Bryan delivering this famous speech.] (William Jennings Bryan) | |||
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keywords: Chicago, Gennett Records, Gold, Indiana, Nebraska, Silver, US Congress, United States, William Jennings Bryan
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