and DOESN’T Move.
We (the United States) tax everything that moves and doesn’t move, and that’s not what we see in Pakistan,” she said.
This is in reference to how little is taxed on the GDP of Pakistan versus the United States of America.
Sphere: Related ContentThe United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the “privilege” of building a huge trade deficit.
Sphere: Related ContentThis is the same old rhetoric that we hear every time the Fed prints too much money. The loose monetary policies that have existed for some time have already laid the ground work for rampant price inflation. This has everything to do with a private bank given the authority to create money out of thin air. Doing so is the actual inflation. The price inflation of which they speak is simply the market response to dollars that have had their value reduced by the printing of more unbacked dollars.
Throw in the move on the global level to reject U.S. greenbacks as the standard reserve currency and you have the makings of a major monetary meltdown here in the United States.
This boom and bust cycle that is continually repeated is the very thing the Fed was supposedly set up to prevent. As we all know, the creation of the Fed had nothing to do with stabilizing the economy and every to do with power and control by the international banking elite. G. Edward Griffin’s book The Creature From Jykell Island is an excellent and well researched historical recount of the establishment of the Fed and the true purposes.
Sphere: Related ContentAngela Merkel won a majority in Germany with a tax cutting platform. Her socialist opponent advocated the typical tax the rich scam (not unlike our Congress here in the USA). Public sentiment and common sense show that lower taxes are better for society.
Our own government has lost sight of the fact that individuals should come first before any government mandate. After all, government has nothing to give except that which they first take.
Sphere: Related ContentThere are those who have worked for many years to educate the public about the loose monetary policies of an independent bank controlling the money supply of the U.S. There are those who have worked for years to educate the public about the dangers of too much government. Only now are many waking up as these thing hit them where it hurts. The tea party movement is a prime example of that although it’s being co-opted before our very eyes by neo-con politicians and organizations.
Now the chickens have returned to roost. The current administration, along with the previous administrations have allowed their elitist handlers to drive us into disasterous public policy that has shaken the world’s confidence in the U.S. dollar.
The continued printing of money is the problem. While schools and universities teach that inflation is simply rising prices, there are many of us who understand that rising prices is the response to inflation of the money supply. A supply backed simply by the faith and credit of the U.S. Government. A faith and credit that has lost much credibility in the eyes of the world because of its stupidity in maintaining a too big to fail policy in bailing out big companies with sorry management and using unbacked, printed money to do so.
It’s not rocket science to understand that it’s just bad policy!
The question now is who will bail U.S. out now because surely we’re too big to fail?
Sphere: Related ContentThis article from the Von Mises institute is as relevant today as it was in 2003. Government schemes to take from some in order to benefit others, always end up being destructive for all. The leftist refuse to admit this and continue on every level of govenment by telling us all the wonderful things they are going to do for some with our money.
In this time of raising taxes indescriminately, increasing the rates on utilities for which we are captured customers, and seizing title to property through forced annexation, every politician, administrator,appointee, school teacher, professor, and individual citizen needs to read and understand this.
Government with its inefficiencies can’t take from one, give to another, and make everyone whole through the pipe-dream good of society they are so fond of using as an excuse to steal.
Sphere: Related ContentIn a case that can only be looked at as the pot calling the kettle black, former Fed chairman Alan Greenspan says that if Congress takes back some of its rightful constitutional authority to regulate monetary policy, the Fed will not be able to control inflation and the economy.
Come on Alan, it doesn’t take a rocket scientist to understand that the Fed has already inflated the money supply with its expansionist policies. Realistically the value of the U.S. dollar has dramatically decreased which requires the exchange of ever more increasing quantities necessary to execute transactions. The only thing keeping price inflation in check is the well conditioned belief by the American public that our dollar still holds value. We are experiencing inflation in the form of tax and fee increases on the part of local, state, and federal governments.
The rest of the world is questioning whether the U.S. dollar should continue as the global medium of exchange because of the Fed’s expansionist (read inflationary) policies and the increasing debt being accumulated by the U.S. government.
The Fed like Congress and the President claims that the free market can’t operate without the “leavening hand of government.” Yes, it’s true that more free markets might be a little more wild and woolly in some instances, the fact remains that profit/failure incentives rather than bail outs have a profound effect on the risk practices of businesses.
The Fed should be audited (287 members of Congress agree) and then Congress needs to get control of the monetary policy as well as the spending policy.
Alan Greenspan was at the helm during the build up to our current Great Recession, are we now supposed to heed his words as being wise or should we pat him on the head, say “that’s nice Alan, now go play with your little friends and leave monetary policy to those who haven’t messed it up so badly.”
Sphere: Related ContentI would sincerely like to be optimistic and believe Mr. Bernake’s rhetoric about the recession being over but, when you look at what the experts are saying, it becomes very difficult to accept the Fed Chair’s rosy outlook.
The experts I’m referring to are the ones who saw the problem coming in the first place, not the Cramer-like individuals who are already calling a victory over recession and trying to convince us that bailing out banks, buying old cars, and pumping money we don’t have into the mortgage markets has won the day.
No, the experts I’m talking about are the ones who understand what caused the issue in the first place. While it’s typical to hear about how under-regulation lead to this crash, those who truly understand the problem tell a very different story that’s worth listening to.
Ream More on Bernake
Read More on White
Read More on Faber
With the absence of Mr. Obama, Vice President Joe Biden is tooting his own horn about his part in the un-Constitutional bail out scams in which Goldman Sachs personnel have been given the reins in controlling which of their competitors are allowed to fail (Bear Stearns) and which of their debtors (AIG) are bailed out with tax dollars.
Mr. Biden is singing his own praises about the good that he has done in this scam while the realities set in that the economy would have recovered on its own, and that allowing the failure of poorly managed companies would have opened opportunity in the markets for smaller well managed companies.
Mr. Biden seems to forget this: “I, Joseph Biden, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter. So help me God.”
Little he has done since he took office is toward the protection and preservation of our Constitution. The Constitution is a limitation on government power. What he, Mr. Obama, the Senate, and the House are doing is exactly the opposite. They are increasing the power, scope, and size of government – all of which can only be done with the sacrifice of individual liberty and wealth.
Sphere: Related ContentThe federal government faces exploding deficits and mounting debt over the next decade, White House officials predicted Tuesday in a fiscal assessment far bleaker than what the Obama administration had estimated just a few months ago.
Figures released by the White House budget office foresee a cumulative $9 trillion deficit from 2010-2019, $2 trillion more than the administration estimated in May. Moreover, the figures show the public debt doubling by 2019 and reaching three-quarters the size of the entire national economy.
It’s the genius of Socialism/Communism! Poverty for all!
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