Cicero's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/156537/comments http://seekingalpha.com/article/140279-the-myth-of-gold-confiscation?source=feed#comment-523796 523796
Quote:
"How do you get the majority of average income voters on your side on this matter? You simply let them keep a portion of their gold and then give them the added bonus of a 57% windfall when gold is revalued to $35!"

Interesting thought that raises a few questions. I first assumed that the windfall for the people with 5 ounces of gold would be offset by the huge loss in value of their paper dollars when Roosevelt devalued the dollar. But inflation stayed low from the devaluation of the dollar in 1934 until at least 1940, rising only 5 to 8% before hitting a steady clip as WWII started. So if prices were stable for that long, was the inflation in prices just delayed by deflationary forces for the better part of a decade, or did Roosevelt’s devaluation only effect the dollar relative to gold? (Because the paper dollars bought roughly the same goods for some years.) In the latter scenario, maybe I’ve been wrong all these years thinking FDR stole so much wealth from Americans when he changed the exchange rate.

Question 2: Roosevelt devalued the dollar by raising gold 60% (from almost $21 to $35 an ounce). Yet we say he devalued the dollar by 40%. How do I best explain to high schoolers why we don’t say the dollar was devalued by 60%? ]]> Sat, 30 May 2009 01:43:32 -0400
Quote:
"How do you get the majority of average income voters on your side on this matter? You simply let them keep a portion of their gold and then give them the added bonus of a 57% windfall when gold is revalued to $35!"

Interesting thought that raises a few questions. I first assumed that the windfall for the people with 5 ounces of gold would be offset by the huge loss in value of their paper dollars when Roosevelt devalued the dollar. But inflation stayed low from the devaluation of the dollar in 1934 until at least 1940, rising only 5 to 8% before hitting a steady clip as WWII started. So if prices were stable for that long, was the inflation in prices just delayed by deflationary forces for the better part of a decade, or did Roosevelt’s devaluation only effect the dollar relative to gold? (Because the paper dollars bought roughly the same goods for some years.) In the latter scenario, maybe I’ve been wrong all these years thinking FDR stole so much wealth from Americans when he changed the exchange rate.

Question 2: Roosevelt devalued the dollar by raising gold 60% (from almost $21 to $35 an ounce). Yet we say he devalued the dollar by 40%. How do I best explain to high schoolers why we don’t say the dollar was devalued by 60%? ]]> http://seekingalpha.com/article/134820-the-worst-case-scenario-someone-has-to-say-it?source=feed#comment-502393 502393
They have a monopoly on the creation of money and credit for our economy. They pumped up the bubbles with money and credit that they admit on their website was created “at essentially no cost.” That's the same money they lend to the big banks and that you and I pay interest on.

HR 1207, a bill to audit the Federal Reserve, has 143 co-sponsors. Write your Congressman today and keep the pressure on. DC is a bipartisan cesspool of corruption and waste. We need to collapse the demorepublicratian duopoly and return to the Constituion.
]]> Wed, 13 May 2009 14:09:28 -0400
They have a monopoly on the creation of money and credit for our economy. They pumped up the bubbles with money and credit that they admit on their website was created “at essentially no cost.” That's the same money they lend to the big banks and that you and I pay interest on.

HR 1207, a bill to audit the Federal Reserve, has 143 co-sponsors. Write your Congressman today and keep the pressure on. DC is a bipartisan cesspool of corruption and waste. We need to collapse the demorepublicratian duopoly and return to the Constituion.
]]> http://seekingalpha.com/article/112309-bernanke-s-great-lie-the-gold-standard-and-the-great-depression?source=feed#comment-344311 344311 www.youtube.com/watch?...

Greenspan detailing his obfuscation on CNBC (4:50) is here: www.youtube.com/watch?...

Greenspan admits that the Federal Reserve answers to NOBODY 7:40 into this interview: www.youtube.com/watch?...
]]> Fri, 02 Jan 2009 12:43:44 -0500 www.youtube.com/watch?...

Greenspan detailing his obfuscation on CNBC (4:50) is here: www.youtube.com/watch?...

Greenspan admits that the Federal Reserve answers to NOBODY 7:40 into this interview: www.youtube.com/watch?...
]]> http://seekingalpha.com/article/89663-the-globalization-boom-and-bust-cycle?source=feed#comment-225051 225051
The author misses the macro trend completely. We have lived under a corporatocracy, and not in a free market, for decades. This NY Times article details the bipartisan corruption that allowed Fannie and Freddie to enjoy huge advantages over their truly private competitors: www.nytimes.com/2008/0...

Read Bernanke’s explanation of the malinvestment Congress created with Fannie and Freddie and how this collusion set the stage for today’s problems in his March 2007 speech here: www.federalreserve.gov...

Read this Barrons story to understand how they figure the taxpayer losses as a result of the current mess could end up at 2 TRILLION dollars (subscription required for most Barrons articles): online.barrons.com/art...

Congress colludes with the private bankers at the Federal Reserve, who create fiat money out of nothing and loan it to our gov't. They flood the market with money and credit, inflating the supply and driving down the value of the dollar. This is the major source of inflation. This easy credit creates prolific malinvestment and the long chain of bubbles we have endured. The profits are huge and private; the losses are much more socialized. The facts are right on the Federal Reserve website and in the NY Times and in Barrons, who called for the abolition of the Fed two weeks ago. That’s the new macro trend we need – a return to Constitutional government, with the Fed the first creature of Congress to be taken out and shot!

The NY Times article “The Nixon Recovery” of 2/4/04 admits the Fed is independent and that they print or don't print money to sway elections, causing the runaway inflation of the 70's. (link: query.nytimes.com/gst/... )

The NY Times, article, “The Education of Ben Bernanke” reiterates that the Fed manipulated that election for Nixon, creating the massive double digit inflation of the 70’s and fixing that mess by raising rates and creating the “brutal recession” that followed. We learn that idle builders (my father was a carpenter) “were so enraged that some sent him two-by-fours in the mail.” It admits the Fed is created the housing bubble by pumping easy money in an effort to stem the damage of the dot.com bubble (that they fueled with easy money). It notes the Fed “…has vast powers over the economy” with its “…control over the supply of money” and that “only the…Fed can create new money.” It notes the Fed ignored warnings (of people like Ron Paul) and “the speculative lending continued.” (link: www.nytimes.com/2008/0... )

Bernanke admits Fed caused depression in the conclusion of this 2002 Speech here on Fed Website: www.federalreserve.gov...

Bernanke admits creating money from nothing in a speech on 11/21/02 on the Fed’s website: www.federalreserve.gov.../ (4th paragraph under heading “Curing Deflation”).

This Barrons cover story blames the long chain of bubbles on the Fed: online.barrons.com/pub...

This Barrons article calls for the abolition of the Fed: online.barrons.com/art...

]]> Thu, 07 Aug 2008 10:50:59 -0400
The author misses the macro trend completely. We have lived under a corporatocracy, and not in a free market, for decades. This NY Times article details the bipartisan corruption that allowed Fannie and Freddie to enjoy huge advantages over their truly private competitors: www.nytimes.com/2008/0...

Read Bernanke’s explanation of the malinvestment Congress created with Fannie and Freddie and how this collusion set the stage for today’s problems in his March 2007 speech here: www.federalreserve.gov...

Read this Barrons story to understand how they figure the taxpayer losses as a result of the current mess could end up at 2 TRILLION dollars (subscription required for most Barrons articles): online.barrons.com/art...

Congress colludes with the private bankers at the Federal Reserve, who create fiat money out of nothing and loan it to our gov't. They flood the market with money and credit, inflating the supply and driving down the value of the dollar. This is the major source of inflation. This easy credit creates prolific malinvestment and the long chain of bubbles we have endured. The profits are huge and private; the losses are much more socialized. The facts are right on the Federal Reserve website and in the NY Times and in Barrons, who called for the abolition of the Fed two weeks ago. That’s the new macro trend we need – a return to Constitutional government, with the Fed the first creature of Congress to be taken out and shot!

The NY Times article “The Nixon Recovery” of 2/4/04 admits the Fed is independent and that they print or don't print money to sway elections, causing the runaway inflation of the 70's. (link: query.nytimes.com/gst/... )

The NY Times, article, “The Education of Ben Bernanke” reiterates that the Fed manipulated that election for Nixon, creating the massive double digit inflation of the 70’s and fixing that mess by raising rates and creating the “brutal recession” that followed. We learn that idle builders (my father was a carpenter) “were so enraged that some sent him two-by-fours in the mail.” It admits the Fed is created the housing bubble by pumping easy money in an effort to stem the damage of the dot.com bubble (that they fueled with easy money). It notes the Fed “…has vast powers over the economy” with its “…control over the supply of money” and that “only the…Fed can create new money.” It notes the Fed ignored warnings (of people like Ron Paul) and “the speculative lending continued.” (link: www.nytimes.com/2008/0... )

Bernanke admits Fed caused depression in the conclusion of this 2002 Speech here on Fed Website: www.federalreserve.gov...

Bernanke admits creating money from nothing in a speech on 11/21/02 on the Fed’s website: www.federalreserve.gov.../ (4th paragraph under heading “Curing Deflation”).

This Barrons cover story blames the long chain of bubbles on the Fed: online.barrons.com/pub...

This Barrons article calls for the abolition of the Fed: online.barrons.com/art...

]]> http://seekingalpha.com/article/89050-leveraging-up-on-precious-metals-ahead-of-fed-meeting?source=feed#comment-223403 223403 Tue, 05 Aug 2008 15:24:15 -0400 http://seekingalpha.com/article/85918-alternate-ways-to-invest-in-clean-energy?source=feed#comment-210414 210414 Mon, 21 Jul 2008 08:24:30 -0400 http://seekingalpha.com/article/83031-fertilizer-bulls-are-ignoring-planting-cycles?source=feed#comment-197724 197724 Thu, 03 Jul 2008 06:18:27 -0400 http://seekingalpha.com/article/83530-days-of-cheap-energy-fueled-innovation-coming-to-an-end?source=feed#comment-197723 197723 Thu, 03 Jul 2008 06:09:35 -0400 http://seekingalpha.com/article/83031-fertilizer-bulls-are-ignoring-planting-cycles?source=feed#comment-196323 196323
Micheal, it seems as if your tidbit is vital - it's too late for corn, but you can still plant another crop.]]> Mon, 30 Jun 2008 23:30:47 -0400
Micheal, it seems as if your tidbit is vital - it's too late for corn, but you can still plant another crop.]]> http://seekingalpha.com/article/83031-fertilizer-bulls-are-ignoring-planting-cycles?source=feed#comment-194917 194917 Sat, 28 Jun 2008 18:37:19 -0400 http://seekingalpha.com/article/82732-emerging-market-investing-really-an-ex-communist-play?source=feed#comment-194860 194860
Inflation, on the other hand, seems to rest squarely on the shoulders of the Fed and Congress, who allows the shell game to take place. Only the Fed can inflate the money supply. This IS inflation. Rising prices are the results, just as wet streets are the result of rain, and not rain. Prices can rise and fall in any given geogrpahic area or section of the economy, but on a large scale across the economy as a whole, only the creation of more money causes inflation. Think of the nutritional vale of any pot of soup. Add a bit ore water to thin it down, and you don't notice the difference. Double the water and you need two cups of soup to get the same nutrition as you got in one before. Check out how many times they have doubled the supply of money in our economy, and you realize how thin our monetary soup has become. And I'm not even getting into "fractional reserves", which allows them to loan $9 for every new $1 they create from nothing. ]]> Sat, 28 Jun 2008 16:15:59 -0400
Inflation, on the other hand, seems to rest squarely on the shoulders of the Fed and Congress, who allows the shell game to take place. Only the Fed can inflate the money supply. This IS inflation. Rising prices are the results, just as wet streets are the result of rain, and not rain. Prices can rise and fall in any given geogrpahic area or section of the economy, but on a large scale across the economy as a whole, only the creation of more money causes inflation. Think of the nutritional vale of any pot of soup. Add a bit ore water to thin it down, and you don't notice the difference. Double the water and you need two cups of soup to get the same nutrition as you got in one before. Check out how many times they have doubled the supply of money in our economy, and you realize how thin our monetary soup has become. And I'm not even getting into "fractional reserves", which allows them to loan $9 for every new $1 they create from nothing. ]]> http://seekingalpha.com/article/82732-emerging-market-investing-really-an-ex-communist-play?source=feed#comment-193923 193923
Sources on Ron Paul's speeches to Congress are all public records and easily proven (his book Foreign Policy of Freedom is a collection on just that topic). And here's proof about the Fed courtesy of the NY Times and the Federal Reserve itself:

The NY Times article “The Nixon Recovery” of 2/4/04 admits the Fed is independent and that they print or don't print money to sway elections, causing runaway inflation (as in the 70's): query.nytimes.com/gst/...

The NY Times, article, The Education of Ben Bernanke admits the Fed is independent and that they created the housing bubble by pumping easy money in an effort to stem the damage of the dot.com bubble (that they fueled with easy money in the 90’s): www.nytimes.com/2008/0...
It notes the Fed has “…control over the supply of money” and that this “…power ...is unique... only the…Fed can create new money.” It notes Bernanke helped create the housing bubble and that the Fed ignored the warnings (of people like Ron Paul) and “the speculative lending continued.”
The same article notes the Fed flooded the economy with money specifically to manipulate the 72 election for Nixon, creating the “brutal recession” and massive double digit inflation that marked the economic havoc of that decade. We learn that idle builders (my father was a carpenter) “were so enraged that some sent him two-by-fours in the mail.”

Bernanke admits Fed caused depression in the conclusion of this 2002 Speech here on Fed Website: www.federalreserve.gov...

Bernanke admits creating money from nothing in a speech on 11/21/02 on the Fed’s website: www.federalreserve.gov.../ (4th paragraph under heading “Curing Deflation.” He is duplicitous in stating the US gov’t creates it – if this is so, why pay independent private bankers 8% of our national budget in interest? Talk about an investment! Imagine spending $3,000 to print a million back in 1960, lending it to the fedgov, and collecting 3% “interest only” for life. That’s $30,000 a year for perpetuity – a 1000% return on investment each and every year for perpetuity without investing another dime.

Wake up America, join the revolution!]]> Fri, 27 Jun 2008 07:21:47 -0400
Sources on Ron Paul's speeches to Congress are all public records and easily proven (his book Foreign Policy of Freedom is a collection on just that topic). And here's proof about the Fed courtesy of the NY Times and the Federal Reserve itself:

The NY Times article “The Nixon Recovery” of 2/4/04 admits the Fed is independent and that they print or don't print money to sway elections, causing runaway inflation (as in the 70's): query.nytimes.com/gst/...

The NY Times, article, The Education of Ben Bernanke admits the Fed is independent and that they created the housing bubble by pumping easy money in an effort to stem the damage of the dot.com bubble (that they fueled with easy money in the 90’s): www.nytimes.com/2008/0...
It notes the Fed has “…control over the supply of money” and that this “…power ...is unique... only the…Fed can create new money.” It notes Bernanke helped create the housing bubble and that the Fed ignored the warnings (of people like Ron Paul) and “the speculative lending continued.”
The same article notes the Fed flooded the economy with money specifically to manipulate the 72 election for Nixon, creating the “brutal recession” and massive double digit inflation that marked the economic havoc of that decade. We learn that idle builders (my father was a carpenter) “were so enraged that some sent him two-by-fours in the mail.”

Bernanke admits Fed caused depression in the conclusion of this 2002 Speech here on Fed Website: www.federalreserve.gov...

Bernanke admits creating money from nothing in a speech on 11/21/02 on the Fed’s website: www.federalreserve.gov.../ (4th paragraph under heading “Curing Deflation.” He is duplicitous in stating the US gov’t creates it – if this is so, why pay independent private bankers 8% of our national budget in interest? Talk about an investment! Imagine spending $3,000 to print a million back in 1960, lending it to the fedgov, and collecting 3% “interest only” for life. That’s $30,000 a year for perpetuity – a 1000% return on investment each and every year for perpetuity without investing another dime.

Wake up America, join the revolution!]]> http://seekingalpha.com/article/82796-the-global-economy-u-s-vs-world-growth?source=feed#comment-193915 193915 Fri, 27 Jun 2008 06:58:14 -0400 http://seekingalpha.com/article/82422-meet-mr-market-jim-cramer?source=feed#comment-193076 193076 ]]> Thu, 26 Jun 2008 07:48:54 -0400 ]]> http://seekingalpha.com/article/82556-investing-in-emerging-frontier-and-obscure-markets?source=feed#comment-192432 192432 Wed, 25 Jun 2008 08:25:56 -0400 http://seekingalpha.com/article/81188-cummins-mysterious-rise?source=feed#comment-185777 185777 Sun, 15 Jun 2008 07:53:19 -0400 http://seekingalpha.com/article/80738-does-buy-and-hold-work-on-major-blue-chips?source=feed#comment-182564 182564 Tue, 10 Jun 2008 11:35:30 -0400 http://seekingalpha.com/article/80319-green-bio-refining-up-solar-stocks-down?source=feed#comment-180153 180153 Fri, 06 Jun 2008 06:30:15 -0400 http://seekingalpha.com/article/80281-miller-and-heebner-a-study-in-contrasting-investment-styles?source=feed#comment-180150 180150 Fri, 06 Jun 2008 06:25:42 -0400 http://seekingalpha.com/article/79753-the-rising-risk-of-emerging-markets?source=feed#comment-178966 178966
I wonder how many investors never realize this idiosyncrasy?]]> Wed, 04 Jun 2008 07:44:45 -0400
I wonder how many investors never realize this idiosyncrasy?]]> http://seekingalpha.com/article/79067-a-bull-market-correction-or-end-of-a-bear-market-rally?source=feed#comment-178634 178634 Tue, 03 Jun 2008 13:24:07 -0400 http://seekingalpha.com/article/79753-the-rising-risk-of-emerging-markets?source=feed#comment-178180 178180
IIF (44%) India
CAF (41%) China Smaller companies
FXI (30%) China larger
TKF (28%) Turkey
ISL (24%) Isreal
EWY (22%) S Korea
TRF (18%) Russia
EWT (10%) Tawain

Does anyone know of a free stock charting website that factors dividends and distributions into the charts (so you can see actual returns visually without having to do the math to adjust for them)?


]]> Mon, 02 Jun 2008 17:16:46 -0400
IIF (44%) India
CAF (41%) China Smaller companies
FXI (30%) China larger
TKF (28%) Turkey
ISL (24%) Isreal
EWY (22%) S Korea
TRF (18%) Russia
EWT (10%) Tawain

Does anyone know of a free stock charting website that factors dividends and distributions into the charts (so you can see actual returns visually without having to do the math to adjust for them)?


]]> http://seekingalpha.com/article/79362-banking-sector-buy-when-there-s-blood-in-the-streets?source=feed#comment-176537 176537 Fri, 30 May 2008 07:40:50 -0400 http://seekingalpha.com/article/79362-banking-sector-buy-when-there-s-blood-in-the-streets?source=feed#comment-176534 176534
Sources

Bernanke admits creating money from nothing in a speech on 11/21/02 on the Fed’s website: www.federalreserve.gov.../

The NY Times article “The Nixon Recovery” of 2/4/04 admits the fed prints or doesn't print money to sway elections: (query.nytimes.com/gst/...

The NY Time, article, "The Education of Ben Bernanke" admits the Fed created the housing bubble by pumping easy money in an effort to stem the damage of the dot.com bubble (that they fueled with easy money in the 90’s): www.nytimes.com/2008/0...
The article notes the Fed has “…control over the supply of money” and that this “…power to expand the money supply is unique... only the…Fed can create new money.”
The same article notes the Fed flooded the economy with easy money specifically to manipulate the 72 election for Nixon, creating the “brutal recession” and massive double digit inflation that marked the economic havoc of that decade. We learn that idle builders (my father was a carpenter) “were so enraged that some sent him two-by-fours in the mail.”

Bernanke admits Fed caused depression in the conclusion of this 2002 Speech here on Fed Website: www.federalreserve.gov...


]]> Fri, 30 May 2008 07:33:12 -0400
Sources

Bernanke admits creating money from nothing in a speech on 11/21/02 on the Fed’s website: www.federalreserve.gov.../

The NY Times article “The Nixon Recovery” of 2/4/04 admits the fed prints or doesn't print money to sway elections: (query.nytimes.com/gst/...

The NY Time, article, "The Education of Ben Bernanke" admits the Fed created the housing bubble by pumping easy money in an effort to stem the damage of the dot.com bubble (that they fueled with easy money in the 90’s): www.nytimes.com/2008/0...
The article notes the Fed has “…control over the supply of money” and that this “…power to expand the money supply is unique... only the…Fed can create new money.”
The same article notes the Fed flooded the economy with easy money specifically to manipulate the 72 election for Nixon, creating the “brutal recession” and massive double digit inflation that marked the economic havoc of that decade. We learn that idle builders (my father was a carpenter) “were so enraged that some sent him two-by-fours in the mail.”

Bernanke admits Fed caused depression in the conclusion of this 2002 Speech here on Fed Website: www.federalreserve.gov...


]]> http://seekingalpha.com/article/78457-solving-the-energy-problem-without-nuclear?source=feed#comment-172432 172432
Used-fuel containers must pass rigorous tests by the Nuclear Regulatory Commission including:

A 30-foot free fall onto an unyielding surface, which would be equivalent to a head-on crash at 120 miles per hour into a concrete bridge abutment;
A puncture test allowing the container to fall 40 inches onto a steel rod six inches in diameter;
A 30-minute exposure to fire at 1,475 degrees Fahrenheit that engulfs the entire container; and
Submergence of the same container under three feet of water for eight hours.
If that’s not sufficiently comforting, there are also transportation tests to verify container integrity, consisting of:

Running a flatbed tractor-trailer carrying a container into a concrete wall at 84 miles per hour;
Placing a container on a rail car that was driven into a concrete wall at 81 miles per hour; and
Placing a container on a tractor-trailer that was broadsided by a train locomotive traveling at 80 miles per hour.
In all cases, post-crash assessments showed that the containers — although slightly dented and charred — would not have released their contents. One wonders how the thousands of tanker trucks transporting deadly chlorine and bromine gases would stand up to such conditions.

source: www.thenewamerican.com...]]> Fri, 23 May 2008 07:17:02 -0400
Used-fuel containers must pass rigorous tests by the Nuclear Regulatory Commission including:

A 30-foot free fall onto an unyielding surface, which would be equivalent to a head-on crash at 120 miles per hour into a concrete bridge abutment;
A puncture test allowing the container to fall 40 inches onto a steel rod six inches in diameter;
A 30-minute exposure to fire at 1,475 degrees Fahrenheit that engulfs the entire container; and
Submergence of the same container under three feet of water for eight hours.
If that’s not sufficiently comforting, there are also transportation tests to verify container integrity, consisting of:

Running a flatbed tractor-trailer carrying a container into a concrete wall at 84 miles per hour;
Placing a container on a rail car that was driven into a concrete wall at 81 miles per hour; and
Placing a container on a tractor-trailer that was broadsided by a train locomotive traveling at 80 miles per hour.
In all cases, post-crash assessments showed that the containers — although slightly dented and charred — would not have released their contents. One wonders how the thousands of tanker trucks transporting deadly chlorine and bromine gases would stand up to such conditions.

source: www.thenewamerican.com...]]> http://seekingalpha.com/article/77579-china-no-but-this-time-really-is-different?source=feed#comment-168621 168621
Our money is created from nothing. It's like adding water to soup. When you double the water in a pot of soup, you need two cups of it to get the same nutrition. When you double the money supply, you need two dollars to replace one original dollar. It was their inflating of the money supply that caused the liquidity that inflated the dotcom bubble. It was their inflating of the money supply that inflated the subprime bubble (though greedy mortgage brokers and greedy home buyers were part of the equation.)

Bernanke admits right in the NY Times that Congress allows them to create money from nothing. He has never explained why Americans are forced to pay 8% of our national budget in interest on such funny money to the private bankers. (The NY Times also admits that the Federal Reserve bankers are private and independent, by the way.) The NY Times confirms that the Fed flooded the money supply in the 70's to re-elect Nixon, and that the raging inflation that resulted was only "cured" by the Federal Reserve tightening the money supply so much that it caused the massive recession of the 70's. Bernanke himself admits that the Fed caused the Depression, which would have been known as the recession of 29-30 had they not mucked up the markets.

We can hopefully still invest and make money if we are aware of the macro influences of our steady path away from the Constitution (if we can avoid economic collapse), but electing statesmen like Ron Paul is necessary to really turn us around economically as well as morally.

Sources:
The Nixon Recovery (NY Times 2/4/04): query.nytimes.com/gst/...

The Education of Ben Bernanke (NY Times 1/20/08): www.nytimes.com/2008/0...

Bernanke admits Fed caused depression (see conclusion of this 2002 speech here on Fed Website): www.federalreserve.gov...

Bernanke admits creating money from nothing in a speech on 11/21/02 (4th paragraph under heading “Curing Deflation”) on the Fed’s website: www.federalreserve.gov.../
]]> Fri, 16 May 2008 07:35:35 -0400
Our money is created from nothing. It's like adding water to soup. When you double the water in a pot of soup, you need two cups of it to get the same nutrition. When you double the money supply, you need two dollars to replace one original dollar. It was their inflating of the money supply that caused the liquidity that inflated the dotcom bubble. It was their inflating of the money supply that inflated the subprime bubble (though greedy mortgage brokers and greedy home buyers were part of the equation.)

Bernanke admits right in the NY Times that Congress allows them to create money from nothing. He has never explained why Americans are forced to pay 8% of our national budget in interest on such funny money to the private bankers. (The NY Times also admits that the Federal Reserve bankers are private and independent, by the way.) The NY Times confirms that the Fed flooded the money supply in the 70's to re-elect Nixon, and that the raging inflation that resulted was only "cured" by the Federal Reserve tightening the money supply so much that it caused the massive recession of the 70's. Bernanke himself admits that the Fed caused the Depression, which would have been known as the recession of 29-30 had they not mucked up the markets.

We can hopefully still invest and make money if we are aware of the macro influences of our steady path away from the Constitution (if we can avoid economic collapse), but electing statesmen like Ron Paul is necessary to really turn us around economically as well as morally.

Sources:
The Nixon Recovery (NY Times 2/4/04): query.nytimes.com/gst/...

The Education of Ben Bernanke (NY Times 1/20/08): www.nytimes.com/2008/0...

Bernanke admits Fed caused depression (see conclusion of this 2002 speech here on Fed Website): www.federalreserve.gov...

Bernanke admits creating money from nothing in a speech on 11/21/02 (4th paragraph under heading “Curing Deflation”) on the Fed’s website: www.federalreserve.gov.../
]]> http://seekingalpha.com/article/76849-industries-to-avoid-industries-to-buy?source=feed#comment-166339 166339 Mon, 12 May 2008 13:17:55 -0400 http://seekingalpha.com/article/76849-industries-to-avoid-industries-to-buy?source=feed#comment-166334 166334 Mon, 12 May 2008 13:12:39 -0400 http://seekingalpha.com/article/76450-iphone-apple-vs-blackberry-rim-which-do-consumers-love-most?source=feed#comment-164659 164659 Fri, 09 May 2008 06:30:10 -0400 http://seekingalpha.com/article/75508-u-s-dollar-signaling-a-changing-tide?source=feed#comment-161598 161598 The NY Times article “The Nixon Recovery” of 2/4/04 admits they print or don't print money to sway elections, causing runaway inflation (as in the 70's): (query.nytimes.com/gst/...
The NY Time, article, The Education of Ben Bernanke admits the Fed created the housing bubble by pumping easy money in an effort to stem the damage of the dot.com bubble (that they fueled with easy money in the 90’s): www.nytimes.com/2008/0...
It notes the Fed “…has vast powers over the economy” with its “…control over the supply of money” and that this “…power to expand the money supply is unique... only the…Fed can create new money.” It notes Bernanke helped create the housing bubble and that the Fed ignored the warnings (of people like Ron Paul) and “the speculative lending continued.”
The same article notes the Fed flooded the economy with easy money specifically to manipulate the 72 election for Nixon, creating the “brutal recession” and massive double digit inflation that marked the economic havoc of that decade. We learn that idle builders (my father was a carpenter) “were so enraged that some sent him two-by-fours in the mail.”
Bernanke admits Fed caused depression in the conclusion of this 2002 Speech here on Fed Website: www.federalreserve.gov...
Bernanke admits creating money from nothing in a speech on 11/21/02 on the Fed’s website: www.federalreserve.gov.../ (4th paragraph under heading “Curing Deflation.” He duplicitous states the US gov’t creates it – is so, why pay independent private bankers interest? In fact, Congress allows the “Federal Reserve” (they aren’t federal and there are no reserves) to print monopoly “money” and loan it to the fedgov. We, the sheeple, pay 8% of our national budget in perpetual interest on that “money”. Talk about an investment! Imagine spending $3,000 to print a million back in 1960, lending it to the fedgov, and collecting 3% “interest only” for life. That’s $30,000 a year for perpetuity – a 1000% return on investment each and every year for perpetuity without investing another dime.
Ron Paul anyone?
]]> Sun, 04 May 2008 14:34:24 -0400 The NY Times article “The Nixon Recovery” of 2/4/04 admits they print or don't print money to sway elections, causing runaway inflation (as in the 70's): (query.nytimes.com/gst/...
The NY Time, article, The Education of Ben Bernanke admits the Fed created the housing bubble by pumping easy money in an effort to stem the damage of the dot.com bubble (that they fueled with easy money in the 90’s): www.nytimes.com/2008/0...
It notes the Fed “…has vast powers over the economy” with its “…control over the supply of money” and that this “…power to expand the money supply is unique... only the…Fed can create new money.” It notes Bernanke helped create the housing bubble and that the Fed ignored the warnings (of people like Ron Paul) and “the speculative lending continued.”
The same article notes the Fed flooded the economy with easy money specifically to manipulate the 72 election for Nixon, creating the “brutal recession” and massive double digit inflation that marked the economic havoc of that decade. We learn that idle builders (my father was a carpenter) “were so enraged that some sent him two-by-fours in the mail.”
Bernanke admits Fed caused depression in the conclusion of this 2002 Speech here on Fed Website: www.federalreserve.gov...
Bernanke admits creating money from nothing in a speech on 11/21/02 on the Fed’s website: www.federalreserve.gov.../ (4th paragraph under heading “Curing Deflation.” He duplicitous states the US gov’t creates it – is so, why pay independent private bankers interest? In fact, Congress allows the “Federal Reserve” (they aren’t federal and there are no reserves) to print monopoly “money” and loan it to the fedgov. We, the sheeple, pay 8% of our national budget in perpetual interest on that “money”. Talk about an investment! Imagine spending $3,000 to print a million back in 1960, lending it to the fedgov, and collecting 3% “interest only” for life. That’s $30,000 a year for perpetuity – a 1000% return on investment each and every year for perpetuity without investing another dime.
Ron Paul anyone?
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