varmit

How to Inspire More Panic in the Economic Crisis

Else where on this site James Quinn wrote:
"Thomas Jefferson, a wise man by most accounts, thought central banks were not a very good idea.

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.

We did not heed Mr. Jefferson’s prudent advice. The result for the American people has been persistent inflation that has destroyed the purchasing power of the US dollar. It takes $1.00 to buy what cost 5 cents in 1914, a 95% loss of purchasing power since the creation of the Federal Reserve. Most of this loss in purchasing power has occurred since 1971. “Tricky Dick” Nixon took the country off the gold standard in 1971 and uncorked the bottle and let the inflation genie out. The unchecked issuance of debt by our government, facilitated by Federal Reserve policies since 1971, has brought our great country to the brink of financial disaster. The organization that caused the problem, did not see this crisis looming, and has utterly failed in stemming the damage, is now taking actions completely outside of its mandate, while telling the public they have the answers. They have duped the American public for 85 years through the insidious use of inflation, and now they are trying to dupe the world into keeping their Ponzi scheme going for a while longer."



On Dec 25 09:09 AM TAS wrote:

> Leave it to a socialist government (and Spain has the real McCoy)
> to almost gleefully anticipate the fall of capitalism and the necessary
> rise of big government to resolve all of the problems to live life
> happily everafter.
>
> I recommend he take a break and play a game of "catch the terrorist"
> with a Basque buddy.
>

Toll Brothers: Are They Serious?

Out of control consumer debt and loss of confidence are screaming for help. Nothing will change until these are addressed

Unlike past recessions that hit blue collar workers hardest we are now confronted with large layoffs of white collar workers from the financial services
industry.

Throwing $ at home builders does nothing to address the root of our floundering
economy which is excessive consumer and public debt .

Better to drastically force reductions of credit card interest rates and forgive some accrued interest so the population will be better able to afford the basics
until some sense of normalcy returns.

America needs to again become a producing nation. The flirtation with the idea that we can somehow prosper as an information based society is flawed.

Rather than propping up failed models we to need to cultivate new industries that can not be exported.

There are a myriad of struggling innovative environmental and medical tech companies that are deserving. We can generate real jobs in new industries and
jump start the economy by upgrading our crumbling waste water systems bridges, roads and electrical grid while we wait

Peak Insanity: SEC Plans to Temporarily Ban Short-Selling

I'm sure I'm not the alone in wondering if the actions on the part of the US government may be more harmful than the natural consequences of allowing the mismanaged institutions to fail on their own.

We will never see true healing in our economy as long as 'leaders' are
so willing to continue to pursue solutions that only deal with the immediate issues and continues to bury the future under an insurmountable mountain of debt.

False Data Clobbers the Markets

Are you really concerned about the price of oil in 20 years?

I'm more worried about the gas pump price next week when we begin to see if Gustav is going to be a problem.

Relax and enjoy plenty of time to be paranoid next week

Contact Your Senators to Protest Government Bailouts

I entirely agree, I have already voiced my displeasure. However I'm
embarased to say I live in Illinois home to Dick Durban and Obama.
As soon as we can sell our home we are moving.

Beacon: Powering Up

Quercus Trust has been selling heavily for months. What do they know?

Historic Financial Collapse Underway?

The one scenario not raised is the possibility of raising interest rates
and that does seem to be in the offing.

Regardless of the path taken there will be wide spread pain. I do expect a nationalized health care plan and that will be the solution to the medicare dilemma.

This does not need to be the socialized disaster suffered by our northern neighbors. All Americans should see this series: Sick Around the world. Its available on the PPS web site

www.pbs.org/wgbh/pages.../

Why Investors Worship Old King Coal

Zero air emissions coal plants coming..as small as the size of a house ..no smoke stake either.
boston.bizjournals.com...

Coal Investors Partying Like It's 1999

Check out Babcock Power and its commitment to clean coal via Thermoenergy's TIPs technology. This is the real under the radar coal play. Put tmen.ob on your watch list

Fed Easing: No Free Lunch for Dollar, Oil and Commodities

The US needs to immediately reduce
its imported oil consumption.

The only way NOW the fuel can be rapidly replaced is by a massive effort to ramp up coal to liquid fuel production. The co2 issue is solvable using several technologies.
See TIPS + CANMET

We can not afford not to do this. If we do not
our way of life and economy will be ruined and we will not be able to afford convert to alternate energy sources .