Hyperinflation

Sometimes facing the truth is difficult, but it is almost always the best thing to do. Here is a website with more information about the coming hyperinflation. Americans are being setup as sheep to be slaughtered. Are you a Debt slave?

Ron Paul - Afghanistan, Economy, Dollar, Gold

Porkulous bill passes

Obama Will Massively Increase The Government

Ron Paul Talks Economy With Glenn Beck 01-21-2009

Ron Paul On This Weekend’s Global Financial Summit

Who voted yes, and who voted NO.

This NYTimes map presents a good breakdown of the Republican (red) and Democrat (blue) votes against the bailout (sellout) bill. The representatives that voted for the bill are represented in gray.
To see more detail click here.

I urge you to actively campaign against those who voted for the sellout bill in the coming election.

But check this out! The FED is going to bail them out anyway.

Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.

The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.

The Fed's expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry. The crisis is reverberating through the global economy, causing stocks to plunge and forcing European governments to rescue four banks over the past two days alone.

Get ready for hyperinflation.

No more help, please

By Stephen Fairfax
While the Billionaire Bailout was narrowly defeated Monday, its certain there will be more attempts to saddle all Americans with the bad debts of people who paid themselves $40 billion annually in dividends, plus massive bonuses, stock options (now worthless) and huge salaries.

As small business owners, my wife and I are fascinated by the concern shown by our political leaders for us and our colleagues. The dire warnings of the past few days frequently include phrases like "small business owners need credit to grow their business, send their kids to college, and save for their retirement." How one saves for retirement by borrowing is never explained. Others claim that small businesses will not be able to pay their employees if they don’t have access to easy credit.

Nearly all of these pronouncements come from people who know little or nothing about running a small business. Few Washington politicians have earned a single free-market dollar in honest commerce, and if they did it was generally long ago. Self-appointed "business leaders" are in fact little more than well-paid lobbyists for very large businesses that use government regulations and laws to place small business owners at a disadvantage. They do not speak for us or any small business owner we know.

There's more, and it's well worth the reading. Read the rest.

Ron Paul w/Cavuto on the Bail out

Elitist?

At the risk of repeating myself, Please don't waste your vote on either the D or the R candidate. Neither one will respect their oath of office. Both are significantly flawed to serve as President.

Just say "NO"

We are told that the federal government needs to step into the market place and stem the financial crisis. Please stop and consider that the same powerful people who created this situation now want more power to save themselves from it. They want to take taxpayer dollars to pick up the bill for foolish lending, and irresponsible policies.

These are the same friendly folks that gave us the so called "Patriot Act". The same fine folks that have for the last eight years spent carelessly. Doubled our national debt, debased our currency, squandered our national credit.

This current crisis did not come quickly nor should it have been a surprise. Yet they tell us they need power to fix it and fix it now. I say, "nonsense". Let the market work. Of course it will be painful. We have our leaders to thank for it.

Lew Rockwell interview with Bill Moyers

If you find this interesting, watch part 2. Watch Part 3

If you enjoy Lew Rockwell here is his web site www.lewrockwell.com
You might also enjoy the Ludwig von Mises site /www.mises.org

Faux Snooze - Put on a happy face

Isn't this the way it always goes? If you don't like what someone says, label them as a kook, a conspiracy nut, whatever. Watch the way they dis Peter Schiff. Then brush him off as a quack.

Don't listen to Bernanke - Buy Gold

These two videos of Marc Faber are very illuminating.
Video #1 - Video #2
Related reading
Americans' loss of confidence: Worse even than it looks

Talk of more war

The D's and the R's are beating the drum for more war; this time in Iran. Dr. Paul spoke on the floor of the house. Please give a listen and then contact your representative. Let them know that we don't want another war!
There is already a lot of support in the house. What a shame that Dr. Paul was speaking to an empty chamber. Please, don't keep silent!

Suicidal Spending

This presentation does an excellent job of explaining the fiscal problems facing our country. Watch the presentation While you're there be sure to check out the rest of the information and charts.

Food for thought about money

EXCERPT FROM THE US CONSTITUTION, Article I, section 10: No State shall ... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts....

FROM THE US TREASURY WEBSITE: "Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. The notes have no value for themselves, but for what they will buy."

A LESSON FROM HISTORY BOOKS: The past 300 years have proven that ALL fiat money experiments ended in complete devaluation. From Rome to Britain: every empire vanished into oblivion soon after it went off the gold standard. It is time to recognize the obvious: Unbacked money has never worked.

Source: The Prudent Investor

Gold at $1,000 on Weak Dollar, High Oil

Source: Associated Press
NEW YORK (AP) -- Gold futures hit $1,000 an ounce for the first time Thursday, pushed past the benchmark by the sinking dollar and record crude oil prices.

The dollar fell below 100 yen during Asian trading Thursday, its weakest level against the Japanese currency in 12 years. The dollar also dropped to all-time lows against the euro.

After reaching $1,001 on the New York Mercantile Exchange, gold for April delivery dropped slightly to $999.70 by midmorning Thursday.

The price still doesn't match the all-time high of $850 in 1980, if that price is adjusted for inflation. An $850 ounce of gold then would be worth $2,177 in today's dollars.

The $1,000 an ounce price, though, is still a milestone and a telling sign that investors are continuing to abandon the dollar.

Gold has been pushing up against the $1,000 an ounce mark for weeks, mainly because of the weaker dollar. Interest rate cuts -- and the prospect of more on the way -- have weakened the currency so much that foreign investors can buy dollar-based commodities like gold and oil more cheaply.

Crude oil futures hit a record high above $110 a barrel Thursday, after first crossing that level Wednesday, also due to investors abandoning the weak dollar.

Investors have been expecting gold futures to rise to $1,000 as they watched the dollar spiral lower, said Scott Meyers, senior trading analyst with Pioneer Futures, a division of MF Global. Gold has been steadily creeping closer to the record after rising nearly 32 percent in 2007.

The dollar's decline and the boost in the price of oil price merely added the extra push.

"We're getting a scenario where commodities are the place to be today," Meyers said. "With the weak dollar, it's hard to be against them."

Meyers declined to speculate on how high gold could go, saying, "to pick a top is a foolish game to play at this juncture."

The Federal Reserve's meeting next week could provide more encouragement for gold prices since the Fed is widely believed to be considering cutting interest rates again. Another rate cut could reduce the dollar's value further, making gold an even better investment.

Stagflation - It's back...

I don't mean to say that the sky is falling, but I think a reasonable person should take note of the fact that the supply of money is increasing at approximately 18% per year as the economy is slowing.

Our government (both State and Federal) is out to lunch and spending with wanton disregard. There is no will to cut spending; rather they want to raise more taxes and spend even more.

The Federal reserve is printing new money to further debase our fiat currency. The FED chairman believes the value of the currency is the Treasuries responsibility.

To me this sounds grim. Here is a link to a brief interview with Ron Paul about the current state of affairs. So watch the video and then tell me why I'm over-reacting. Please!

House of Cards video
Bonus Video: Brings mixed urges to laugh and cry. Watch the video