America In Danger - The Blog

The first attempt at socializing the financial markets has been defeated. Public opposition is running in excess of 50:1 against the bailout. Keynesian and Friedmanian economists espouse a bailout as being the only option while Austrian school economists point to the failed monetary policies of both those schools of thought that have resulted in the very situation they claim will be fixed by more of the same. We are dangerously close to fulfilling the Utopian ramblings of Karl Marx in his desire for the centralization of credit in the banks of the state.

Jeff White posts an excellent analysis of the Marxist bailout scam that almost happened yesterday.

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Rocky Mount Electricities Utilities Online Petition

Text of Petition:

The Rocky Mount Utilities are outrageous and need to be lowered. We do not have a choice to get our power from Progress Energy, so we have to buy our electric from the City of Rocky Mount. I enjoy living in the city, but the electric and gas rates are too high. We the citizens of Rocky Mount want our gas and electric rates lowered and want them to be comparative to Progress Energy. Many residents electric bills are almost more than their mortgage payment each month. (Mine is one of them) If there is a law for Price Gouging, then this matter should be addressed and investigated as such. The City of Rocky Mount has to buy their electricity from NCEMPA (American Public Power Association, American Public Gas Association and Electricities).   I feel if we had a choice, the citizens of Rocky Mount would choose a different provider for our utilities. Now they are talking about another price increase in 2009 after we already had one in 2008. Please reply to this petition. If I can get 1000 people to respond, I will go to the next step, but I am young, energetic, and motivated, so I am willing to try to get our voices heard.  I need everyone to help get our voice heard.  Please sign this petition.  Comment your feelings.  Tell everyone you know that cares about our town’s wellness to sign the petition as well.

Here are some very interesting Numbers from one of the recent blogs on the Telegram Page:

Progress Energy,
Nashville electric prices are; 9.67c July-Oct Kwh
8.67c Nov- June Kwh (A decrease)

Rocky Mount- 12.91c Kwh. all year long.

If you need to know more about ElectriCities look at these sites.

http://www.rockymountnc.gov/utilities/faqs.html#8
and
http://www.electricities.com/index.htm

ElectriCities is a not-for-profit organization that is financed through membership fees and dues, as well as through rate and service revenue and tuition from training programs and workshops. Rocky Mounts annual due is $46,046. It is just interesting to look at this.

The House on Monday defeated a $700 billion emergency “rescue” package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.

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Needless to say, a lot.

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Virtually our entire financial system is based on an illusion. We spend more than we earn, we consume more than we produce, we borrow more than we save, and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency created out of thin air known as the Federal Reserve Note.

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Gas shortages are afflicting drivers across the Southeast. Some of the problems were caused by Hurricane Ike affecting oil production and refining along the Gulf Coast, but empty gas pumps also are being blamed on the consumers themselves.

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U.S. banks and money managers borrowed a record amount from the Federal Reserve in the latest week, nearly $188 billion a day on average, showing the central bank went to extremes to keep the banking system afloat amid the biggest financial crisis since the Great Depression.

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CNN commentary on our current economic crisis. Biggest problem: accountability!

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Two former employees of credit card issuer MBNA, now owned by Bank of America, said on Wednesday they were forced to use aggressive and deceptive practices with customers in order to boost revenues.

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Lines crawled out into the streets leading up to the Exxon gas station on Pineville-Matthews Road on Thursday morning, as it was one of the few stations in Charlotte with fuel. Exxon actually hired security guards to help with the lines.

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