Congressman tells MSNBC that the very entity responsible for the economic crisis is now more powerful than Congress. www.infowars.com Responding to the Obama administrations new regulatory reform plan, which will officially hand the Federal Reserve complete dictatorial control over the US economy, Congressman Ron Paul told MSNBC that the Fed was now more powerful than Congress. Paul emphasized that no amount of regulation could compensate for a financial system created and controlled by the Federal Reserve that was completely unstable to begin with. The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we dont even have any transparency of this. Theyre more powerful than the Congress, said Paul. www.infowars.com

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Mortgage Update with current rates plus the latest news on USDA and Bond Programs from John Schutze with Cornerstone Mortgage in Austin, TX.

The first half of The Oracle with Max Keiser. Guest is Paul Walker, CEO of GFMS. We discuss Davos and the financial crisis. Gold market signaling deeper crisis to unfold. Walker forecasts gold at well over $1000 per ounce for 2009.