March 24, 2010
Found this article on CNBC interesting this morning.
We are in a society that people except government to provide for them. When did we convince ourselves that we are entitled to health care?
It’s sad because we would almost all agree that our country needed health reform, but there was no talk of reforming the insurance industry,the FDA, or the pharmaceutical industry that pay millions to lobbyist to push new drug, and advertising new pills without proper safety testing.
There was no reform talk about changing our current “sick” care into real “health” care. Instead we passed a further reaching, more intrusive bill that 14 Attorney General are suing the Federal Government over being unconstitutional.
What a gigantic screw up.
When you take from the productive members of society and give to the unproductive, you have socialism. In what ever form you want to call it …. it’s the death throw of creativity and production in a society.
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.
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.
January 12, 2010
Lies, Lies, Lies.
By now the public should be trained to doubt everything governments says.
They started by saying there was no way to save, send, or print the images taken by the body scanners going in at US airports.
Documents from 2008 prove that they do have those abilities. It’s sad that the public only found out about this TSA lie because of a Freedom of Information Act request, that later was shared with CNN.
So not only should you be concerned about the low-level of radiation, but long term exposure problems, if your a frequent flier what about health problems or an increased rate in infertility? If these images are being saved it’s only a matter of time until they make their way on to the internet.
What’s interesting is that I’ve heard experts in body scanners on CNN talk about how these body scanner would not have caught the underwear bomber, so why the push to get them in right now?
Because the window is open.
but remember, all the security that goes in will be much harder to remove later on. So be careful how much power you give the government to protect you. It might end up that all the security will be used to protect you from, well you!
December 29, 2009
Here’s a look at reality. Don’t be fooled about how well the recovery is going. Every action the FED takes has consequences that will come back at some point.
The Dallas FED estimated the financial obligations of the US government at 99 trillion dollars. The head of the TARP program estimated the bailout cost at 24 trillion dollars. Totaled together the US has in the neighborhood of 120 trillion dollars of current and future obligations on an annual revenue of around 2 trillion dollars which is falling due to high unemployment, higher state and local taxes and fees and lower wages.
Cutting that down to size, imagine earning 200,000 a year and having a debt of 12 million dollars. In short, the US dollar has become a token of an unpayable debt and thus the anchor of the entire global financial system is a ponzi fraud.
It becomes impossible to compute the value of anything as measured in a fraudulent currency that represents an unpayable debt.
…. From 321 Gold
October 14, 2009
Watch this on Lou Dobbs the other night, great clip. Phelim McAleer makes some great points.