Benjamin Franklin Quotes

February 23, 2010
  • All wars are follies, very expensive and very mischievous ones.

  • Either write something worth reading or do something worth writing.

  • God helps those who help themselves.

  • How few there are who have courage enough to own their faults, or resolution enough to mend them.

  • I conceive that the great part of the miseries of mankind are brought upon them by false estimates they have made of the value of things.

  • I didn’t fail the test, I just found 100 ways to do it wrong.

  • Never confuse motion with action.
  • Rather go to bed with out dinner than to rise in debt.

  • Rebellion against tyrants is obedience to God.

  • The 7 Con’s That Goldman Used To Screw Tax Payers

    February 22, 2010

    If your not familiar with Matt Taibbi, put him on your must read list. Matt is a writer for Rolling Stone and has written some of the best articles over the last year about what really happened with the bailouts. Who caused the economic crash, who made the money, and where did the money go.

    His latest article “Wall Street’s Bailout Hustle“, is not only informative but entertaining. Telling the exact way a con man works his mark until he’s broken and confused. One thing is clear after reading Taibbi’s work. This was not a bunch of bad decision that went south, these banks absolutely knew what they were doing, and they are already at it again trying to creating a even bigger bubble to soak up more money.

    “In fact, the FED became not just a source of emergency borrowing that enabled Goldman and Morgan Stanley to stave off disaster – it became a source of long term guaranteed income. Borrowing at zero percent interest, banks like Goldman now had virtually infinite ways to make money. In one of the most common maneuvers they simply took the money they borrowed from the government at zero percent and lent it back to the government by buying Treasury bills that paid interest of three or four percent. It was basically a license to print money – no different then attaching an ATM to the side of the Federal Reserve.

    It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

    February 5, 2010

    A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are  demanding a solution. What they don’t realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt.

    You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.

    Original Story