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- 23. February 2010: Pope sounds warning over airport body scans
- 18. February 2010: 'Influenza vaccine has no effect': study
- 9. February 2010: The government has your baby's DNA
- 27. January 2010: GMO dangers
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Archive for August 2008
Spreading violence in Pakistan kills 33
28. August 2008 by admin.
Original Article: Int’l Herald Tribune
Posted in Politics, Global, Security | 1 Comment »
Iraq militants moving to Pak
28. August 2008 by admin.
Original Article: Times of India
They have nukes there
Posted in Politics, Global, Security | No Comments »
Russian Parliament Votes to Recognize South Ossetia
25. August 2008 by admin.
Its only fair that the World recognize these breakaway provinces if they recognize Kosovo
Posted in Politics, Global, Security | No Comments »
Obama’s ‘lost’ brother found in Hut
20. August 2008 by admin.
Original Article: Telegraph.UK
Excerpts:
“He has only met his famous older brother twice - once when he was just five and the last time in 2006 when Senator Obama was on a tour of East Africa and visited Nairobi.”
”I live here on less than a dollar a month.”
Comment
If he leaves his brother there living on $1/ month what will he do for the American people?
Posted in Politics, Global | No Comments »
Tens Of Thousands Flee Fighting In Pakistani Tribal Districts
19. August 2008 by admin.
Original Article: globalsecurity.org
Maybe that break up starting sooner rather than later…………
Posted in Politics, Stock Market, Global, Security | No Comments »
Credit crunch may take out large US bank warns former IMF chief
19. August 2008 by admin.
Original Article: TimesOnlineUK
The deepening toll from the global financial crisis could trigger the failure of a large US bank within months, a respected former chief economist of the International Monetary Fund claimed today, fuelling another battering for banking shares.
Posted in Stock Market, Global, The Fed, Uncategorized | No Comments »
Biden calls for $1 billion in emergency aid to Georgia
18. August 2008 by admin.
Great….that is just what we need, more spending, and to think this guy is on the vp top pick list……..oh boy
Here is an idea, why don’t we let these regions work it out amongst themselves…….oh yeah, I guess there is an oil pipeline there. We need to break these addictions.
Posted in Politics, Stock Market, Global, Security | No Comments »
Arab world fears an Iran war may be impending
18. August 2008 by admin.
Posted in Politics, Stock Market, Global, Security | No Comments »
Pakistan: Musharraf says he is resigning
18. August 2008 by admin.
Original Article: Washington Times
NY Times: Nukes unlikely to be affected by Musharraf leaving I am not so sure of this
Maybe Pakistan is getting ready to be the next break apart region, would not doubt seeing it break into 3 pieces………………….After Georgia followed the example of Kosovo, breakaway regions all over the world are all probably getting ready to follow suit.
Posted in Politics, Stock Market, Global, Security | No Comments »
UK repossessions soar 50pc to 12-year high
8. August 2008 by admin.
Original Articel: Daily Telegraph UK
Posted in Politics, Stock Market, Security | No Comments »
Russia and Georgia ‘at war’ over breakaway region
8. August 2008 by admin.
Original Article: Daily Telegraph UK
Posted in Politics, Stock Market, Security | No Comments »
Getting Closer to Debasing the Currency
7. August 2008 by LuBuffett.
Preventing the Free Market from Doing Its Job
Economically speaking, the so-called credit market crisis is, first and foremost, a reallocation of property rights.
Overstretched borrowers default on their obligations. Lenders, who have made unwise credit decisions, run up losses if they fail to collect interest and principal payments on credit extended. Luckily, all this leaves the physical supply of economic goods untouched.
The reallocation of property rights is typically accompanied by changes in market valuations. Financial asset prices such as stocks, bonds, and derivatives may decline, reflecting changes in people’s preferences. While this is certainly unfavorable from the viewpoint of financial asset holders, it is welcomed by those seeking to invest their money, as they are now in a position to purchase assets at lower prices.
As the unhampered market finds a new equilibrium via price changes, it exposes malinvestment. Some of the investments made and some of the jobs created prove to be unprofitable. It is the process of altering prices for capital and labor that brings the economy’s production structure back in line with people’s preferences. In that sense, a so-called crisis, or bust, is actually a correction of bad decisions made in the past; the term crisis would appear to be inappropriate.
In fact, the term crisis should be attributed to the boom period. It is here where scarce resources, mostly due to artificially reduced interest rates through monetary policy, are being channeled to unprofitable businesses. While the period of building up malinvestment is typically hailed as a period of economic expansion, it is actually a period of squandering.
As Ludwig von Mises put it,
The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression. People rebel against the insight that the disturbing element is to be seen in the malinvestment and the overconsumption of the boom period and that such an artificially induced boom is doomed. They are looking for the philosophers’ stone to make it last.[1]
Many people think that state interventionism can (and has to) fight against financial market turmoil and any consequences it may have for output and employment growth. While this is certainly a fatal belief, one thing seems certain: the latest developments suggest that without a far-reaching coercive redistribution of income through state action, the government-controlled paper-money standards would go belly up immediately.
The Intricacies of Fractional-Reserve Banking
To see this, we must be aware of the fact that today’s government-controlled money-supply systems rest on fractional-reserve banking. Banks create money when they extend loans to, or buy assets from, nonbanks. If, for instance, a bank grants a loan in the amount of, say, US$10,000, it creates money in the same amount. If a borrower repays his loan, the money stock declines. That said, the money stock is basically the result of bank-credit supply and bank-credit demand.
What is more, banks are required to hold just a fraction of their obligations in cash (minimum reserves). If confidence in the financial solidity of a bank should erode and customers want to withdraw their deposits, a bank could not meet its promise to pay in full. The ensuing bank run could spread to other banks, to the point where the banking sector as a whole becomes insolvent.
However, government-sponsored central banks have the power to prevent any such bank default. If it is politically expedient, a central bank can, at any point in time, provide banks with whatever money is needed (lender of last resort), so that the risk of bank runs has been reduced greatly.
But there remains another weak point of the government sponsored money system. The governments’ financial watchdogs encourage banks to keep a small ratio of regulatory equity capital to risky assets, around 8%. As a result, relatively small losses have the potential to wipe out banks’ capital base. In such a case, not only would bank shareholders suffer losses, but so would depositors and holders of bank liabilities.
It is this fact that can have far-ranging consequences for the economy’s credit and money supply. To see what bank losses mean under fractional-reserve banking backed by little equity capital, let us take a look at a simple example. Below we show a (stylized) consolidated balance sheet of the banking sector (Figure 1). It records banks’ assets on the left-hand side and banks’ liabilities on the right-hand side.
As can be seen, banks hold a fraction of fractional reserves: base money (minimum reserves) amount to a small portion of clients’ demand deposits and time deposits. What is more, the banking sector’s (regulatory) equity capital in relation to risky assets (loans, bonds, and other assets) is assumed to be 10.1%.
Bank Recapitalization Reduces the Money Stock
Now let us assume that — as a result of a collapsed lending- and credit-speculation boom — 10.1% of banks’ risky assets (an equivalent of US$1,170bn) have to be written off. In our example, the resulting loss would wipe out the banking sector’s entire equity capital (Figure 2). Banks would be on the verge of bankruptcy.
To remain in business, banks would need new equity capital. If nonbank investors buy new stocks, the banking sector’s balance sheet would change in an important way: bank liabilities (in the form of demand and time deposits and long-term liabilities) decline in the same amount as banks’ equity capital rises.
If we assume that bank clients exchange demand and time deposits for new bank stocks, the increase in banks’ equity capital of, say, US$1,051bn (which would restore an equity-capital-to-risky-assets ratio of 10.1%) would reduce the stock of deposits held with banks by 15.3% (Figure 3).
A sharp drop in the stock of bank deposits would be deflationary, potentially leading to a marked decline in goods and asset prices, even triggering a severe fall in output and employment, thereby aggravating bank-loan losses. In view of such a scenario, panic may spread like wildfire. Public opinion can be expected to call for government policies that would fend off any such development.
Policies for Socializing Bank Losses
The central bank could intervene by buying banks’ distressed assets (at par or even at elevated prices), or extending loans to banks, with newly issued central bank money. This would reduce bank losses and release equity capital for additional lending and money creation.
However, such a policy would be unmistakably inflationary, running the risk of destroying confidence in paper money. Market interest rates could rise, causing borrower defaults on a wider scale, thereby pushing the economy into recession, increasing banks’ loan write downs and thereby equity capital losses considerably.
In fact, a strategy of outright inflation might not be rational from the viewpoint of government politicians, central bankers, and influential vested interest groups; all of them would have much to lose, and at least those in command of the printing press and taxation can be expected to opt for strategies that would, from their viewpoint, appear to cause as little damage as possible.
The central bank could — actually before any major write-downs are recorded — take over banks’ risky assets in exchange for government bond holdings. In our example, the central bank transfers its government bond holdings to banks in the amount of US$744bn (Figure 4).
In our example, the transaction has prevented a severe decline in banks’ equity capital. Clearly, if its security holdings are (much) lower than banks’ write offs, the central bank cannot prevent banks’ equity capital from eroding markedly. However, there is another way of subsidizing banks via mobilizing taxpayers’ money.
To see how this can work, we need to take a look at the year 1948, when the Deutschmark was introduced in West Germany. Due to differences in converting asset and liabilities from Reichsmarks into Deutschmarks, German banks found themselves with revaluation gaps on the asset side of their balance sheets.
The German public sector came to help and provided banks with so-called Ausgleichsforderungen (or compensation claims). These were effectively state bonds that had a long maturity, a low interest rate, and were repaid over time. These taxpayer-funded assets helped shore up the banking sector’s equity capital.
In a similar fashion, governments, or their central banks, could in the current situation provide banks with claims on the government (or claims on the central bank). Banks would record these assets on the left-hand side of their balance sheets, and they would help increase banks’ equity capital.
Let us assume that the central bank provides banks with US$1,051bn (the amount that would restore banks’ equity-capital ratio of 10.1%) of claims on the central bank (Figure 4). The banking sector would be restored to health as far as its capital base is concerned, while the stock of money remains unchanged.
As in our example, the central bank’s equity capital would be wiped out with additional liabilities in the amount of US$1,051bn; the government could provide its central bank with additional government bonds (with a long maturity and a low interest rate), so that the central bank’s equity base would remain unchanged.
What about the option of the government setting up special funds, which would take over banks’ distressed loan and security portfolios? Here, banks would receive (interest bearing) claims against the government-sponsored special funds, while the latter would be refinanced by issuing government-guaranteed bonds.
However, such a transaction would reduce the economy’s money stock: the government’s special fund would pay for banks’ assets with commercial-bank money (which was acquired through the issue of bonds). As a result, the banking sector’s balance-sheet volume would shrink, and so would the money stock.
Finally, one could let bank depositors and holders of bank liabilities take part in banks’ losses. In this case, banks’ depositors and creditors would see their claims converted into bank equity capital; it would actually be a bank-debt-for-equity-swap on a grand scale. But would there be a political willingness to declare the national banking sector bankrupt?
Returning Money to the Free Market
Whatever the technicalities for propping up the government-sponsored paper-money systems may be, the decade-long debt binge will most likely end in inflation. This is because the “crisis” is widely perceived as a calamity — rather than the necessary economic correction of malinvestment brought about by central banks’ manipulation of market interest rates through credit and money expansion. On top of that, people fear deflation much more than inflation. Lower interest rates and more credit and money are seen as a remedy of the disease brought about by central banks’ artificial lowering of the interest rate through credit expansion.
We currently find ourselves in a situation Ludwig von Mises warned against:
The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration. The individual is always ready to ascribe his good luck to his own efficiency and to take it as a well-deserved reward for his talent, application, and probity. But reverses of fortune he always charges to other people, and most of all to the absurdity of social and political institutions. He does not blame the authorities for having fostered the boom. He reviles them for the inevitable collapse. In the opinion of the public, more inflation and more credit expansion are the only remedy against the evils which inflation and credit expansion have brought about.[2]
There is no escape from the costs of correcting the damage inflicted by government paper-money standards. However, when looking for monetary-reform proposals, Mises’s work must be given highest public attention: he proposed ending the government money-supply monopoly — which he identified as the root of the problem — and returning money to the free market. Only in this way can the costs of the final monetary and economic collapse be prevented from becoming disastrously high. Mises wrote, “The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”[3]
Posted in Uncategorized | No Comments »
US sources hint that by rejecting Iran sanctions, Moscow opens door to Israeli attack
6. August 2008 by admin.
DEBKAfile Special Report
August 7, 2008, 3:19 AM (GMT+02:00)
Posted in Politics, Stock Market, Security | No Comments »
Father of North American Community concedes dream ‘is dead’
6. August 2008 by admin.
29. July 2008 by admin.
Original Article: World Net Daily
Posted in Global, Stock Market, Amero & North American Union, US$, The Fed, Uncategorized | No Comments »
Rebels could win Pakistan’s nuke haven
6. August 2008 by admin.
27. July 2008 by admin.
Original Article: The Australian
A CRISIS meeting of
Posted in Stock Market, Security | No Comments »
US, UK, France launch sea exercise for naval blockade on Iran
6. August 2008 by admin.
21. July 2008 by admin.
Posted in Stock Market, Security | No Comments »
Faith-Based Currency
6. August 2008 by admin.
21. July 2008 by admin.
Original Article: SafeHaven by Ron Paul
Posted in Global, Stock Market, Amero & North American Union, US$, The Fed, Uncategorized | No Comments »
Jim Bunning’s Capitalism Pitch Is in Strike Zone: Caroline Baum
6. August 2008 by admin.
21. July 2008 by admin.
Posted in Global, Stock Market, Amero & North American Union, US$, The Fed, Uncategorized | No Comments »
If nuclear talks fail, Bush will order Iran attack
6. August 2008 by admin.
21. July 2008 by admin.
Original Article: Debka www.debka.com/headline.php?hid=5447
Posted in Stock Market, Security | No Comments »
U.S., Iraq forces close in on Al Qaida command
6. August 2008 by admin.
18. July 2008 by admin.
Original Article: World Tribune
“We know where they are and are intent to destroy them,” an Iraqi security source said.The Interior Ministry said the Iraq Army and security forces were preparing for the operation against the so-called Al Qaida in
Posted in Security | 1 Comment »
Al Qaida bailing: Out of Iraq, into Africa
6. August 2008 by admin.
17. July 2008 by admin.
Original Article: World Tribune
The Surge Working
Posted in Security | No Comments »
U.S. Envoy to Join Meeting With Iranian
6. August 2008 by admin.
16. July 2008 by admin.
Posted in Stock Market, Security | No Comments »
Lawmakers Balk at Paulson’s Fannie, Freddie Plan
6. August 2008 by admin.
16. July 2008 by admin.
When the government buys/owns everything, its called communism.
Posted in Stock Market, Global, The Fed, Uncategorized | No Comments »
US senator blames weak dollar for Anheuser-Busch takeover
6. August 2008 by admin.
16. July 2008 by admin.
Get ready for more of this. With the $ being devalued everyday from the Fed printing more money for bailouts, the whole country will soon be foreign owned. The Country is on sale for pennies on the Euro. With the massive trade deficits we run as well, other countries have excess dollars to buy up US assets.
Posted in Global, Stock Market, Amero & North American Union, US$, The Fed, Uncategorized | No Comments »
Mediterranean Union- Closer to One World Rule
6. August 2008 by admin.
16. July 2008 by admin.
Original Article: Washington Times
Sarkozy Hails- Original Article: Washington Times
Posted in Stock Market, Global, Amero & North American Union, The Fed, Uncategorized | 1 Comment »
‘US commandos ready to conduct raids in Pakistan’
6. August 2008 by admin.
9. July 2008 by admin.
Original Article: Daily Times- Pakistan
Posted in Stock Market, Security, Uncategorized | No Comments »
Iran has reached turn point in nuclear process: MP
6. August 2008 by admin.
9. July 2008 by admin.
Original Article: Tehran Times
Posted in Stock Market, Security | No Comments »
Trouble in Turkey
6. August 2008 by admin.
9. July 2008 by admin.
Originan Article: Washington Times: Attack outside U.S. consulate
Original Article: Der Spiegel: Coup Plot
Posted in Security | 1 Comment »
Secret US-Iranian Dialogue Brings Oil Prices down, Shakes up Mid East Alliances
6. August 2008 by admin.
8. July 2008 by admin.
Posted in Stock Market, Security | 1 Comment »
Naval Blockade against Iran?
6. August 2008 by admin.
8. July 2008 by admin.
Original Article: Global Research
Posted in Stock Market, Security | No Comments »
Bernanke cautiously pushes for new powers for Fed
6. August 2008 by admin.
8. July 2008 by LuBuffett
WASHINGTON (MarketWatch) — Federal Reserve chairman Ben Bernanke stuck his toe into the shark-infested waters of Washington regulatory battles and cautiously suggested that the Fed be given new powers to oversee financial markets. In a speech at a FDIC conference, Bernanke said Congress would have to give the Fed new powers if it wanted to give the central bank the job to limit the impact of financial market turmoil on the economy. Bernanke bent over backwards to suggest rather than demand any new powers from Congress. In a major development on another topic, Bernanke said the Fed was considering extending its emergency loans to broker-dealers beyond 2008 to help stabilize the market. The Fed’s emergency primary dealer credit facility is now set to expire in mid-September.
2. Great Depression a direct result of FED cutting off credit
3. Taking us off the gold standard and creating this FRAUD money that we have now
4. Commodities Bubble of the 70s
5. Stagflation of the 70s
6. Stock Market Bubble of 2000
7. Housing Bubble 2005
8. Printing more money in a 95 year period than in the history of the WORLD
9. Which lead to the
10. And of course the current Fiasco
Wow what a job. Did I leave anything out? So let me get this straight, cause the problem, watch that problem blow up and then want to increase your power and authority…sounds like a great idea to me.ELIMINATE the FED it is the only way the
Posted in Stock Market, Global, The Fed, Uncategorized | No Comments »
Merrill May See Another Downgrade On Writedowns
6. August 2008 by admin.
7. July 2008 by bp.
http://economictimes.indiatimes.com/articleshow/msid-3194633,flstry-1.cms
Posted in Stock Market | No Comments »
Chairman of Joint Chiefs warns of attack between administrations
6. August 2008 by admin.
7. July 2008 by admin.
Original Article: World Tribune
The
Posted in Stock Market, Security, Uncategorized | No Comments »
THE TALIBAN AT THE GATES OF PESHAWAR
6. August 2008 by admin.
7. July 2008 by admin.
Original Article: Der Spiegel Pakistan’s Deal with the Devil
Posted in Stock Market, Security | 1 Comment »
Fed & SEC to share data
6. August 2008 by admin.
7. July 2008 by admin.
Original Article: Bloomberg.com
Posted in Stock Market, Global, Amero & North American Union, The Fed, Uncategorized | 1 Comment »
‘Germ warfare’ fear over African monkeys taken to Iran
6. August 2008 by admin.
7. July 2008 by admin.
Original Article: TimesOnlineUK
Posted in The Fed, Security | No Comments »
Israel reassures West: No Iran attack in 2008
6. August 2008 by admin.
2. July 2008 by admin.Original article: World Tribune
Lets think about this one though and follow the money. If
Posted in Global, Stock Market, Amero & North American Union, The Fed, Security, Uncategorized | No Comments »
The end of the superbubble
6. August 2008 by admin.
1. July 2008 by
That sound you hear is the popping of a financial bubble in housing, the economy and the market. And you can trace it all to Alan Greenspan’s Federal Reserve.http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/TheEndOfTheSuperbubble.aspx
Posted in Stock Market, Global, Amero & North American Union, The Fed, Security | No Comments »
Fate of paper money
6. August 2008 by admin.
1. July 2008 by ddibiase.
original article: safehaven.com by mike hewitt
Posted in Stock Market, Global, Amero & North American Union, The Fed | No Comments »
Top US Commander briefed- More Israel - Iran
6. August 2008 by admin.
30. June 2008 by admin.
DEBKAfile’s military sources report that it is very unusual for the top American commander to carry out a close, on-the-spot study of Israel’s potential war fronts.
Pentagon Official Warns of Israeli Attack on Iran U.S. Official Sees Two ‘Red Lines’ That Could Prompt Strike
Original article: ABC News
Posted in Stock Market, Security | No Comments »
Don’t blame the oil ’speculators’
6. August 2008 by admin.
27. June 2008 by admin.
Finally a rationale, intelligent article on the state of the Oil market and the assinine legislation attempts to punish traders:
http://money.cnn.com/2008/06/27/news/economy/birger_oil_speculation.fortune/index.htm
Posted in Stock Market, The Fed, Uncategorized | No Comments »
IMF to examine the US FED- More Globalization
6. August 2008 by admin.
27. June 2008 by admin.
Officials with the International Monetary Fund (IMF) have informed Bernanke about a plan that would have been unheard-of in the past: a general examination of the
As part of the assessment, the Fed, the Securities and Exchange Commission (SEC), the major investment banks, mortgage banks and hedge funds will be asked to hand over confidential documents to the IMF team.
Posted in Stock Market, Global, Amero & North American Union, The Fed, Security | No Comments »
Faster Inflation May Unleash `Financial Tsunami’
6. August 2008 by admin.
25. June 2008 by admin.
Original Article: Bloomberg
Posted in Stock Market, Global, The Fed, Uncategorized | No Comments »
What will save America?
6. August 2008 by admin.
23. June 2008 by aLuBuffett
Saving America
by Aaron HaysonIn order to save
The economic action is simple in theory but will be a little harder to implement in the beginning. First we must eliminate the Federal Reserve System and we only need to look at the Fed’s track record over the last 95 years to determine that it is a huge mistake. From the great depression of 1929 to the recent housing bubble the Federal Reserve has been responsible if not in part than in full for these problems. And this is what happens when intervention and “good intentions” take place in the business cycle. Instead of allowing the free market to weed out the excesses of the past and allow for rebirth in the normal business cycle, the Federal Reserve and the government in general exacerbates the problem. Often times it is too late in assessing the problem and then proceeds with hackneyed and short sighted “solutions.” And what are some of their “solutions” simple, more regulation and more power passed to the Federal Reserve. Eliminating the Federal Reserve System is essential to returning this country to prominence.Second, we must return to a sound monetary system. Our current experiment with fiat is a dishonest and fraudulent system. Paper is not money, it has no store of value and it will in time return to its intrinsic value, zero. We only need to look at the fact that the dollar has lost over 90% of its value since 1913 to know it is a complete fraud. Allowing the government to inflate the currency is theft, plain and simple. There would be a lot less government spending if the government only had a limited amount of money to work with. Fiat currency robs the producers and savers of a country with inflation. Inevitably the market should decide what that money should be, whether it be gold, silver a combination of the two is open to discussion. Gold and silver obviously pass the Aristotle laws for sound money.Lastly under economic action, complete separation of the government from economic concerns. The corruption, coercion, manipulation, tax breaks, and corporate favoritism which can be found under our current mixed economy state, stifles competition and leads to less innovation. No one wins under this mixed economic model except those with political pull who know how to “play the game.” Likewise, the tax code needs to be reformed or eliminated all together. Again this action would fall under a completely free state. No one has a right to rob one of his effort, labor and production; taxes are nothing more then legalized theft. Taxes stifle industry and are a drain on the economy, eliminate them.The political action is to return to the Constitution which means to drastically decrease the size and scope of the government. The only proper purpose of the government should be to protect individual rights. The government should not be concerned with welfare programs, policing the world or bailing out banks. The functions of the government should be threefold: to protect the citizens from criminals (the police), to protect its citizens from foreign invaders (the army) and to settle disputes (the courts). If we continue down the road we are on currently, it will lead to fascism, if it hasn’t already. We can not condone such actions. We must get away from this silly notion that government is the answer to all our problems, government IS the problem. We must therefore return to the Constitution, a greatly limited government and protection of individual rights.I know that these actions may seem drastic and radical to some, but we have reached a point where they are quickly becoming necessary, drastic times call for drastic actions. If these actions are initiated I am convinced that
Posted in Stock Market, Global, The Fed, Security, Uncategorized | No Comments »
Israel to strike Iran?
6. August 2008 by admin.
20. June 2008 by admin
Original Articles:
Posted in Stock Market, Global, Security, Uncategorized | 1 Comment »
Environmental Scare tactics to pass Global Tax
6. August 2008 by admin.
20. June 2008 by admin
Original Article: World Net Daily
As if we are not taxed enough, the globalists want to take more.
Posted in Global, Amero & North American Union, Uncategorized | No Comments »
Lieberman plans would bar funds from commodities
6. August 2008 by admin.
19. June 2008 by LuBuffett
The head of the Senate’s government affairs committee Wednesday unveiled a series of restrictive proposals aimed at financial speculators in commodities, including one that would place an outright ban on big pension funds buying agricultural and energy futures. http://www.marketwatch.com/news/story/lieberman-proposes-banning-big-funds/story.aspx?guid=%7BF393811B%2DC32E%2D4F23%2D8178%2D9DA0C256C30A%7D&dist=MostReadHomeWell looks like COMRADE Lieberman is at it again. This is the type of short sighted, spur of the moment legislation that you get when you have politicians who think they can “make a difference.” And they are “protecting consumers and the economy.” When in fact all they do is compound the inflation. If this goes through, commodities will go down briefly, maybe for about a year or two and then they will explode higher. Typical near sighted, instant gratification stupidity. You dont “protect” people with barriers and regulations idiot. This idiot Politician who has no idea of the situation, blames the funds and speculators…Its always their fault right? Instead of coming up with draconian “solutions” why dont you idiots come up with a real energy strategy or better yet a sound currency. You know the one they talked about in the Constitution, backed by Gold and Silver. Oh, and you, the Congress, can also try taking back the sole right to controlling the money instead of allowing a corrupt, evil set of private banks ( aka the FEDERAL RESERVE) in doing that.If Comrade Lieberman had his way the only instruments we would be allowed to invest in would be state sponsored bonds yielding less than the rate of inflation. Speculators and Investors are not the evil behind the price movements, currency devaluation is. Everyone knows that currency devaluation has been one of the biggest drivers in the commodity boom. Investors and Speculators are essential to free markets, something you obviously know little to nothing about. They take the RISKS they should reap the REWARDS.Do us all a favor Comrade Lieberman and go back to doing your “job” whatever it is you are supposed to do. And keep your ASS out of the markets.
RegardsLuBuffett, a friend of Liberty
Posted in Stock Market, The Fed | No Comments »
Fed Grabbing More Power on Wall St.
6. August 2008 by admin.
Paulson to Urge new Fed Powers- Original Article: Washington Post
19. June 2008 by admin
Scary to see the tentacles expanding
Posted in Uncategorized | No Comments »