Michelle Bachman - 28%
Ron Paul - 27%
Romney and Perry each received less than 5% of the votes
Watch comedian Jon Stewart's POSITIVELY HILARIOUS take on the media censorship of Ron Paul.
Wednesday, September 7, 2011
Jon Stewart on Ron Paul Media censorship
Results of the Iowa Straw Poll
Michelle Bachman - 28%
Ron Paul - 27%
Romney and Perry each received less than 5% of the votes
Watch comedian Jon Stewart's POSITIVELY HILARIOUS take on the media censorship of Ron Paul.
Michelle Bachman - 28%
Ron Paul - 27%
Romney and Perry each received less than 5% of the votes
Watch comedian Jon Stewart's POSITIVELY HILARIOUS take on the media censorship of Ron Paul.
Sunday, May 8, 2011
A case of major lending institutions with no respect for the law… Part of the system that destroyed the American economy
Jeff Thigpen is Guilford County, North Carolina’s Register of Deeds, and I didn’t write the headline above, those are his words used to describe the fraudulent acts of our nation’s major banks, brought to light as part of the robo-signing scandal of last fall. (Hat-tip to reader Catherine for sending this in.)
Thigpen says that a large number of national banks, including Bank of America, Wells Fargo, HSBC and others repeatedly filed documents with forged signatures illegally notarized and other false information, and not only in his Register of Deeds office, but all over the country.
Full Article at Mandelman Matters
Thigpen says that a large number of national banks, including Bank of America, Wells Fargo, HSBC and others repeatedly filed documents with forged signatures illegally notarized and other false information, and not only in his Register of Deeds office, but all over the country.
Full Article at Mandelman Matters
Sunday, April 3, 2011
We've become a Nation of takers, not makers
More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined..
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?
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?
We've become a Nation of takers, not makers
How likely is QE-Three?
By Gonzalo Lira
If foreign sources of funding will not cover the Federal government’s deficit after June 2011, and Washington will definitely not cut spending in any sort of realistic sense, then there really are only two—and only two—possibilities:
• The indefinite continuation of QE by the Federal Reserve.
• Or the requisitioning of private retirement accounts and pension funds.
Don’t dismiss the second possibility out of hand—think it over.
What pool of money is just sitting there, not doing much, while being legally barred from its owners? What pool of money is easily accessed, yet is large enough to fund the deficit?
The retirement accounts of the American people: Both individual private accounts, and pension funds.
After all, the total for all pension monies is roughly 100% of GDP (this includes Social Security). And the Federal government has already raided the “Social Security lock box”—that box is stuffed with Treasury IOU’s.
How likely is QE-Three?
If foreign sources of funding will not cover the Federal government’s deficit after June 2011, and Washington will definitely not cut spending in any sort of realistic sense, then there really are only two—and only two—possibilities:
• The indefinite continuation of QE by the Federal Reserve.
• Or the requisitioning of private retirement accounts and pension funds.
Don’t dismiss the second possibility out of hand—think it over.
What pool of money is just sitting there, not doing much, while being legally barred from its owners? What pool of money is easily accessed, yet is large enough to fund the deficit?
The retirement accounts of the American people: Both individual private accounts, and pension funds.
After all, the total for all pension monies is roughly 100% of GDP (this includes Social Security). And the Federal government has already raided the “Social Security lock box”—that box is stuffed with Treasury IOU’s.
How likely is QE-Three?
Sunday, March 13, 2011
The curious case of Ron Paul
By Andrew Foy, MD
He is kind of like a rock star, a nerdy professor, and your crazy uncle rolled into one. Ron Paul, a medical doctor and longtime Republican congressman from Texas, is a fundraising machine who, despite his quirkiness, should be considered a serious contender for the GOP presidential nomination in 2012. But according to the mainstream conservative press, he is nowhere in the equation.
American Thinker: The Curious Case of Ron Paul
He is kind of like a rock star, a nerdy professor, and your crazy uncle rolled into one. Ron Paul, a medical doctor and longtime Republican congressman from Texas, is a fundraising machine who, despite his quirkiness, should be considered a serious contender for the GOP presidential nomination in 2012. But according to the mainstream conservative press, he is nowhere in the equation.
American Thinker: The Curious Case of Ron Paul
Sunday, February 6, 2011
The Global Debt Prison
A Good Read!
"The Federal Reserve, with the help of politicians on both sides of the aisle, created a series of illusory incentives (through interest rate cuts) which allowed banks to begin lending almost unlimited fiat at rock bottom prices. America was awash in credit, to the point that it was nearly impossible for the average person to avoid the temptation of borrowing. What we didn’t understand then, but are beginning to grasp now, is that credit derived from fiat is not “capital”, it is NOT wealth. Credit is the creation of an obligation, to be paid at a later date, if it is paid at all, and because there are no rules to tie the debt to any legitimate collateral (at least for banks), there is nothing to back the obligation if it falters. Therefore, fiat induced credit is not the creation of wealth (as Keynesians seem to believe), but the destruction of wealth!"
The Global Debt Prison
"The Federal Reserve, with the help of politicians on both sides of the aisle, created a series of illusory incentives (through interest rate cuts) which allowed banks to begin lending almost unlimited fiat at rock bottom prices. America was awash in credit, to the point that it was nearly impossible for the average person to avoid the temptation of borrowing. What we didn’t understand then, but are beginning to grasp now, is that credit derived from fiat is not “capital”, it is NOT wealth. Credit is the creation of an obligation, to be paid at a later date, if it is paid at all, and because there are no rules to tie the debt to any legitimate collateral (at least for banks), there is nothing to back the obligation if it falters. Therefore, fiat induced credit is not the creation of wealth (as Keynesians seem to believe), but the destruction of wealth!"
The Global Debt Prison
Fed passes China in Treasury holdings
The Federal Reserve has surpassed China as the leading holder of US Treasury securities even though it has yet to reach the halfway mark in its latest round of quantitative easing, according to official figures.
Based on weekly data released on Thursday, the New York Fed’s holdings of Treasuries in its System Open Market Account, known as Soma, total $1,108bn, made up of bills, notes, bonds and Treasury Inflation Protected Securities, or Tips.
According to the most recent US Treasury data on foreign holders of US government paper, China holds $896bn and Japan owns $877bn.
“By June [the Fed] will have accumulated some $1,600bn of Treasury securities, likely to be in the vicinity of China and Japan’s combined holdings,” said Richard Gilhooly, a strategist at TD Securities. “The New York Fed surpassed China in the past month as the largest holder of US Treasury securities,” he noted.
Full Story
Based on weekly data released on Thursday, the New York Fed’s holdings of Treasuries in its System Open Market Account, known as Soma, total $1,108bn, made up of bills, notes, bonds and Treasury Inflation Protected Securities, or Tips.
According to the most recent US Treasury data on foreign holders of US government paper, China holds $896bn and Japan owns $877bn.
“By June [the Fed] will have accumulated some $1,600bn of Treasury securities, likely to be in the vicinity of China and Japan’s combined holdings,” said Richard Gilhooly, a strategist at TD Securities. “The New York Fed surpassed China in the past month as the largest holder of US Treasury securities,” he noted.
Full Story
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