Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Thursday, May 26, 2011

Fed Gave Banks Crisis Gains on $80 Billion Secretive Loans as Low as 0.01%

How can we truly fix the "budget" when we have a monetary system that rigs the market, takes from the economy whenever it wants and gives inflated money (backed by the American taxpayer) to whoever it wants (international banks, international corporations, etc.)? This system allows for endless wars to be financed on the American taxpayer "credit card", all the while eroding the purchase power of the dollar. This creates a tax on everyone who uses dollars to purchase goods...or save.

Without proper audit and eventual phase out of the Federal Reserve, we can count on more wars, more inflation, and more debt (every dollar is a debt instrument). This system cannot last and whether the people willingly support fixing this system or it collapses on its own...it will come to an end.

Fed Gave Banks Crisis Gains on $80 Billion Secretive Loans as Low as 0.01%

Friday, May 20, 2011

Friday, April 15, 2011

Food and gas costs push consumer prices higher

"Higher food and gas costs push consumer prices up in March, a trend that could slow growth"

Duh, and this is a tax on EVERYONE, especially hurts the poor and others on fixed income (i.e. food stamps, social security, etc.).



Article Here

The Presidential Divider (Obama's toxic speech and even worse plan for deficits and debt)

The Wallstreet Journal

Did someone move the 2012 election to June 1? We ask because President Obama's extraordinary response to Paul Ryan's budget yesterday—with its blistering partisanship and multiple distortions—was the kind Presidents usually outsource to some junior lieutenant. Mr. Obama's fundamentally political document would have been unusual even for a Vice President in the fervor of a campaign.


Did someone move the 2012 election to June 1? We ask because President Obama's extraordinary response to Paul Ryan's budget yesterday—with its blistering partisanship and multiple distortions—was the kind Presidents usually outsource to some junior lieutenant. Mr. Obama's fundamentally political document would have been unusual even for a Vice President in the fervor of a campaign.


Mr. Obama did not deign to propose an alternative to rival Mr. Ryan's plan, even as he categorically rejected all its reform ideas, repeatedly vilifying them as essentially un-American. "Their vision is less about reducing the deficit than it is about changing the basic social compact in America," he said, supposedly pitting "children with autism or Down's syndrome" against "every millionaire and billionaire in our society." The President was not attempting to join the debate Mr. Ryan has started, but to close it off just as it begins and banish House GOP ideas to political Siberia.



Continued: WSJ Article Here

Thursday, April 14, 2011

Obama, Boehner Budget Deal Increases Deficit

Kurt Nimmo

Infowars.com
April 14, 2011

It should be obvious by now. The government has absolutely no intention of ever decreasing spending, reducing the deficit, and eliminating the national debt. It plans to borrow more money. It wants to turn your children and grand children into impoverished debt slaves.

Full Article Here (Includes Obama debt speech and Ron Paul interview videos)

Friday, April 1, 2011

We've Become a Nation of Takers, Not Makers

By STEPHEN MOORE


If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.
It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?

Full WSJ Article Here

Shah: GOP budget would kill 70,000 children | The Cable

How many children killed by bombs in Libya, drone attacks in Pakistan, and the wars in Afghanistan and Iraq? Shah: GOP budget would kill 70,000 children The Cable

Thursday, March 31, 2011

Banking—$5 Fees May Be Coming to an ATM Near You - CNBC

The banks already gave us the "financial crisis" and subsequent bailouts with their socialist stranglehold on our Federal Government via the Federal Reserve, now they want more of your money... Banking—$5 Fees May Be Coming to an ATM Near You - CNBC

Monday, March 21, 2011

Supreme Court Lets Fed Bailout Records Release Stand - CNBC

Looks like now we get to see all the corporate welfare that went to the very banks that caused the "financial meltdown". We are still on the hook for this as well...

Supreme Court Lets Fed Bailout Records Release Stand - CNBC