Archive for December, 2009


Most Racist Quote of 2009

December 29, 2009
Posted by Economics9698 @ 19:47 PM

“I am concerned, as I’m sure many of you are, that these jobs not simply go
to high-skilled people who are already professionals or to white male
construction workers.” (Fmr. Sec. of Labor Robert Reich, Jan. 7, 2009, on how
the stimulus money should be spent.)

This little Jewish man pretty much sums up the thoughts of 78% of the Jews in America as far as their attitudes towards whites. He was Bill Clinton’s former Labor Secretary from 1993 to 1997.

The Jew 78% have been assaulting Christianity and the republic since the turn of the 20th century. They have been the primary founders and sponsors of such racist groups as the NAACP, SPLC, ACLU, ADL and others like the Annenberg Foundation.

What do these groups and people do? Shut down Christianity from the public square wherever they can. Form alliances with Negros (NAACP 1913) influencing them vote for radical leftist virtually cementing the prospects of a second civil war in America. 95% of Negroes vote democratic left even though the Democratic Party is the party of slavery, Jim Crow and has Robert KKK Bird still in the senate. Abraham Lincoln was a Republican. George Wallace a Democrat. Why would a oppressed group vote for the oppressing party? Ask a immigrant communist Russian Jew and the founders of the NAACP.

Oh and these groups defend terrorist, rapist, murderers and stifle free speech. What a contribution, not.

Robert Reich doesn't approve of white people getting federal dollars

Robert Reich doesn't approve of white people getting federal dollars


People forget Jews have a long history of communism. They are not innocent victims. Some are racist, kill and commit acts of terrorism. Read the communist manifesto by Karl Marx who while technically was not a Jew was born to Jewish parents until they converted later in life to Lutheranism. Leon Trotsky was another atheist communist born of Jewish parents.

The list of communist Jewish spies is long. Ethel and Julius Rosenberg, Harry Gold, David Greenglass, Martin Sobell, Harry Magdoff, Nathan Silvermaster, Isak Akhmerov, Maurice Halperin, Theodore Hall, Samuel Dickstein, and in the future you will most likely add Barbra Boxer, Diane Feinstein and Rahm Emanuel to the list. I could go on, the list is endless but what’s the point? 78% of Jews in America have done everything in their power to cripple the religious and freedom loving parts of the nation.

There seems to be a pattern. Probably the same pattern that has existed throughout European history since the Jews were scattered in 70 AD by the Romans. Seems that throughout history Jews are not always so innocent as portrayed and as Robert Reich shows and can be quite racist and vile. Maybe there were reasons for the numerous pograms throughout history. Maybe the natives got tired of being discriminated against by Jews and put them in their place. You would never know it reading current history. The truth seems to be buried in political correctness. Good thing we have Robert Reich to remind us of who Jews really are.

Is this racist?

No more so than the disgusting Robert Reich and his ilk spewing anti white policy and legal entanglements from coast to coast.

Frankly I and millions of whites are sick of being treated like second class citizens by our government. Every time we deal with the government or Private Corporations we are asked to group ourselves. White male go to the back of the line. This is not some insignificant form on a job application. Congressional allocation of federal dollars, college entrance and scholarship money, job placements, promotions and so forth are affected by ones race and sex in America today. And we have to ask ourselves why?

Martin Luther King wanted to be judged on the content of his character. So why have we developed a system that discriminates against white people? My whole adult working life I and millions of others have had to deal with this. Frankly I want my own government that represents the values of freedom and liberty. I will fight and die if need be to create it. I will not live under tyranny or be treated like a second class citizen. Our government is corrupt beyond repair and this is just one small part of the corruption. Time for the white man to stand up to the Jews, Negros, and secular progressives. Is that racist Robert Reich? I hope so. Change is coming and you might not like it much.

Finally I would like to apologize to the 22% of Jews who have in the past and currently fight for freedom and liberty. Ayn Rand is idolized by millions for her body of work, Atlas Shrugs, Fountainhead and many others. Blogger Pamela Geller and others seem to be born with total dedication to freedom and liberty. God bless them.

As for Robert Reich and his racist comrades may they go to hell or Germany. Makes no difference to me.

VN:F [1.9.1_1087]
Rating: 10.0/10 (1 vote cast)
VN:F [1.9.1_1087]
Rating: +1 (from 1 vote)

Obama Parties in Hawaii While America Suffers

December 27, 2009
Posted by Economics9698 @ 12:25 PM

The communist educated Obama now seems to be enjoying the fruits of capitalism and the people like no president in recent memory. Steve Wonder, The Jonas Brothers lavish food including Celery Soup, Wild Mushroom Crisps, Steelhead Salmon with Citrus sauce, Crispy Spinach, Toasted Saffron Couscous Pearls, Baby Iceberg lettuce with Maytag Bleu Cheese and Yogurt ranch dressing and for dessert, Milk Chocolate velvet cake” – all served on gold-rimmed china. Trips to Europe, New York, China, Japan and everywhere in between. Between extravagant travel and parties the Obama’s are living the high life that would make King Louis XVI and Marie Antoinette jealous. They have easily surpassed Bill Clinton in their extravagance and disdain for the people. “Let them eat cake” was the quote attributed to Marie Antoinette as the peasants formed in the streets of Paris. Michelle Obama’s quote seems to be “Let them have health care” as the peasants formed in the streets of Washington.

Obama living the high life in Hawaii

Obama living the high life in Hawaii


The Obama’s and Washington will get the credit card out for the first and second quarters of 2010 and there will be “economic growth” just in time for the mid term elections. But then the third and fourth quarters will arrive and the bills come due. The Obama’s will ignore the peasants in the streets of Washington in 2010 like they did in 2009. They will throw lavish Wednesday night parties, Hawaiian pig roast, and jet set around the world and make pigs of themselves. They have no decency for the plight of their fellow man just like almost all liberals. Now the American people who voted them in are really seeing who they are. Shallow and selfish more concerned about ideology than the welfare of the people. “Let them have health care” and to hell with the rest. High taxes and health care as the businesses go under from the burden of government plundering.
“Let them eat cake” was the famous quote attributed to Marie Antoinette while the peasants starved.  Michelle Obama’s quote will be “Let them have health care” while Americans starved.

“Let them eat cake” was the famous quote attributed to Marie Antoinette while the peasants starved. Michelle Obama’s quote will be “Let them have health care” while Americans starved.


No statement of solidarity for the passengers on the Detroit flight that suffered a terrorist attack. Silence. The same silence King Louis and Marie had at the Palace of Versailles the Obama’s now enjoy in Hawaii. The peasants will once again rise up and Obama will end up with the same fate as King Louis XVI.

VN:F [1.9.1_1087]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.1_1087]
Rating: 0 (from 0 votes)

Orlando Sentinel Ridicules Christians on Christmas Eve

December 24, 2009
Posted by Economics9698 @ 10:50 AM

In a disgusting display of vicious hatred towards Christians Orlando Sentinel columnist Mike Thomas has written an article mocking Christians for praying against health care reform. He like most secular progressives fails to understand Christianity. Christians don’t pray for or against health care they pray to Jesus. Christians have been for centuries, long before Obama was born, been out in the slums and ghettos providing comfort and yes health care to the poor. They don’t need a mandate from Messiah Obama to do the Christian thing.

Orlando Sentinel columnist Mike Thomas

Orlando Sentinel columnist Mike Thomas


Like all secular progressives Mr. Thomas believes and worships government. Only government is worthy of his and if it was up to him our prayers. He is blinded in his ideology to the corruption and graft all around the federal government’s health care bill as has been pointed out by opposing congressmen Denis Kucinich (D) and Ron Paul (R). He truly believes government will deliver heath care like Jesus would. Just like Social Security, AMTRAK, Medicare, and other deficit and corruption riddle programs. His god is government and his religion is ever evolving “for the people”.

His vile display on Christmas Eve shows his and other secular progressives hatred towards and contempt for Christians and all others who believe in a higher being.

Please e-mail the fascist and let him know what you think.

mthomas@orlandosentinel.com

Would Jesus pray to block health care for needy?

People are praying for many things during this holy season. But perhaps the most unusual request of all comes from religious conservatives, including some in Congress. They staged an Internet “prayercast” to block the health-care legislation being voted on today in the Senate.

Given that Democrats have the 60 votes lined up to pass it, they may have to call in Benny Hinn to pull off this miracle.

How exactly does one pray against health care?

Dear Lord, please do not send the downtrodden to the doctor because my taxes will go up and I’ll have to wait in line for my knee replacement.

Or: Dear God, please don’t give that other family health coverage taxpayers cannot afford so I can keep the Medicare Advantage and drug plan we also cannot afford.

Or how about a simple: Deliver us from socialism. Amen.

I certainly do not agree with everything in the health-care bills. But praying against access to medical care right before Christmas? And then claiming God’s political support?

It conjures up images of Scrooge, of Pottersville — of the crowd telling Bartimaeus to shut up when he pleaded to Jesus to cure his blindness.

Rest of article and comments section.

VN:F [1.9.1_1087]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.1_1087]
Rating: 0 (from 0 votes)

Health Care Insurance Stocks Soar to Protected Monopoly Status

December 23, 2009
Posted by Economics9698 @ 9:28 AM

With the prospect of government protected oligopoly status and the addition of millions of young healthy customers forced to buy their product investors are flocking to health insurance stocks. WellPoint had a 52 week low of $29.32 and is now at $60.05 near its high of $60.89. United Health Group had a 52 week low of $16.18 and is now at $32.15. AETNA 52 week low of $18.66 and now is at $34.00. Humana 52 week low of $18.57 and now trading at $45.79. Record highs for the year. A nice 100% plus gain since March. The health care reform legislation sure seems to be good business for the evil health care insurance industry.

MSNBC Reporter Dylan Ratigan

MSNBC Reporter Dylan Ratigan


What has happened here is nothing new. Governments have been setting up monopoly conditions in markets for centuries. Earl Gray and the importation and taxation of tea set the stage for the American Revolution. The Boston Tea Party was a protest of unfair trade and taxation of tea products. Governments and private companies do this to extract monopoly profits from the peasants. And now this practice has come to our health insurance.

This is how governments think. This is why the founding fathers separated government from business. This is why Andrew Jackson successfully fought with all his might to kill the Second Bank of the United States. Government has an inherent propensity to set up monopolies. It’s what they do. The reasoning is simple. Government is an unresponsive body designed to beat money out of peasants using force and coercion. That’s all it is. Nothing more than a bunch of Tony Soprano thugs beating down business owners and peasants for protection money. A bunch of lazy unproductive slugs willing to use force to live high on the hog. The founding fathers recognized this and did everything in their power to restrict government.

The bankers back in the early 20th century went to government to set up a monopoly bank we now call the Federal Reserve. Anyone wonder why those Wall Street types are so rich? It’s not because they are smarter than you. It’s because by concentrating the Federal Reserve in New York they are able to get inside information on financial conditions the rest of the country does not have access to. And that is the real reason the Federal Reserve is in New York and pretends to be regional. It’s a government monopoly designed to serve a narrow special interest group. And that all folks.

Congresswoman Debbie Wasserman Schultz another Political Science Major

Congresswoman Debbie Wasserman Schultz another Political Science Major


So why is financial reporter Dylan Ratigan of MSNBC so outraged when health care stocks rise 10% when this latest monopoly legislation takes hold? Did he miss history 101 in college? Or is he another victim of propaganda? He was probably told by his government school government is for the people and private business bad. The unusual crap and unfortunately for him he believed the propaganda. What we witnessed in his interview with Debbie Wasserman Schultz was another American coming to the realization that government almost never does what is in the best interest of the people. The same lesson our founding fathers realized 233 year ago. As for Mrs. Wasserman Schultz she’s a lost cause. People like her are the same ones who were saying the earth is flat and there is Global Warming.

A decade or so ago I was a math teacher. I taught math and hated the undisciplined students and overcrowded schools. But what I learned was not that our monopoly public school system was bad. I knew that and was already a strong supporter of vouchers. What I learned was how few people can really think coherently.

Algebra and other simple math classes require the ability to think rationally. It doesn’t depend on being pretty or talking a good game. It requires a little study and the application of a rational thinking process to get the right answers. I was simply astonished at the number of students that could not do simple logical thinking. These kids looked like normal human beings. They talked like normal human beings. It scared the hell out of me that these idiots would some day be voting!

Debbie Wasserman Schultz is an example of one of these idiots that cannot think. She most likely hated every math class she took. She passed the minimum and fled immediately to the refuge of political science. Oh the great world of illogical morons looking to control other people. People who think they are smart but are as dumb as a box of rocks. She is an example of why you should avoid anyone with a political science degree. To lazy to study something academically strenuous and brain washed up to her eyebrows in political crap.

And so we have another government created monopoly set up to plunder and pillage the peasants. Stupid morons like Debbie Wasserman Schultz set it up. It will cost you dearly. You think insurance premiums were high before? Oh yea baby you ain’t seen nothing yet.

Add health care to the Federal Reserve, education, post office, social security, AMTRAC and others. Dictatorship and the collapse are coming. The only thing we have to be grateful for is congress is spending us into a revolution. We just need to be smart and form a new government based on the founding fathers principals of limited federal government. We are repeating history because we strayed from the constitution. It’s that simple Debbie and Dylan.

MSNBC\'s Dylan Ratigan Yells at Congresswoman Debbie Wasserman Schultz (D-FL)

VN:F [1.9.1_1087]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.1_1087]
Rating: 0 (from 0 votes)

Obama sued AGAIN?

December 22, 2009
Posted by clinicalthinker @ 12:21 PM

larryklaymanHow is it that Obama has been sued so many times in such a short amount of time?

His supporters would like us to believe he is a victim of the political opposition.
Is he?
Perhaps, or perhaps not.
I always default to where there is smoke there just could be a fire burning.

Before election time last year when Berg filed his suit against Obama in the NO BIRTH CERTIFICATE issue I ran a search. I was looking for actual court documents so I could see for myself exactly what was going on. The first suit and court records I ran into was filed Feb. 11 2008. Filed by a Larry Sinclair against Barack Obama, David Axelrod and the DNC for calling him a nutjob, harassment and intimidation. Sinclair claims to have had a sexual liaison (in 1999) with Obama which Axelrod and the DNC were trying to quiet or totally dispatch.

During that research I ran across some of Sinclair’s fairly sorted Internet published accusations. All of this wound between a mysterious unsolved murder of a gay man in the Church of Reverend Wright.
View short story and papers filed …

Where was the MSM?
Well now we all know they are totally missing in action … UNLESS they are reporting on ANYONE APPEARING TO LEAN RIGHT.

I have learned to say OH WELL … what goes around comes around. Those faux journalists are close to joining the ranks of the unemployed.
Deservedly so!

Then came Berg and a bevy of other “Where is the Birth Certificate?” lawsuits that have been quickly dispatched by judges across the county.

Now we have Larry Klayman, founder of Judicial Watch and, more recently, Freedom Watch USA, filed a lawsuit in U.S. District Court in Washington, D.C., under the Federal Advisory Committee Act.
More information here …

The law requires disclosure of records of meetings between the executive branch and outside industry lobbyists. It also requires access to meetings.

What citizen is not aware of the boiler room antics going on daily to get the 60th vote to ram healthcare down the throats of a public who does not want it?

VN:F [1.9.1_1087]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.1_1087]
Rating: 0 (from 0 votes)

Health Care Industry gets $450 Billion Bail Out

December 21, 2009
Posted by Economics9698 @ 17:00 PM

The US Politburo has done it again. The dictatorship in Washington has ignored the will of the people and taken over another sector of the US economy. This time with a $450 billion bail out to the health care insurance industry. To most reading the political garbage in the main stream media this will come as a surprise to them. Affordable cost was the objective right?

Comrade Reid is very pleased to have you under his control

Comrade Reid is very pleased to have you under his control


The insurance industry saw an opening to consolidate market share and eliminate competitive practices for all time and they took advantage of it. Basically now all medical plans will have to be the same. This eliminates confusion but also makes it very easy for competitors to fix prices to near monopoly levels. Now with alternative forms of insurance closed down the insurance executives can get down to the business of price fixing. You the consumer will get plan A, B, C or D. And if you don’t like that you can pay on your own. Washington gets power and political patronage.

Monopolies look to deliver the least service for the maximum amount of revenue. The less innovation the better. Innovation will be almost gone. What equipment that the industry has now is what it most likely will be 30 years from now. Monopolies are not responsive especially if it will cost them money. New technologies will be sidelined for years before they are adopted.

Insurance companies will get to use the government as a back stop to deny claims. The government will be the bad guy now and insurance companies can say “it’s the governments fault not ours.” With huge amounts of profit to be made from denying insurance claims money will flow to politicians like a four foot wide sewer pipe full of feces. The pressure on government to deny claims will be tremendous both to make money for the insurance industry and to claim medical savings for voters. This is just evil.

The Hammer and Sickle fly proudly in Washington DC

The Hammer and Sickle fly proudly in Washington DC


The rich and upper middle income people will be able to pay out of pocket or buy better quality plans. For the rest of us we will be at the mercy of the government for health care. Consumers will be pitted against the insurance industry and special interest always wins in Washington. This is simply not a fair fight. This is evil.

The first to feel the effects will be the elderly. The Washington elites have been looking at the billions spent on the elderly for decades. Now they have their chance. The elderly will be powerless to stop them and they can look for inferior care for the rest of their lives. The elites will not care unless it is one of their own like Ted Kennedy. If you are 78 years old and need brain surgery you will not get it. You are now second class. Elections have consequences and this is a huge step towards eliminating “white privilege”.

So cost will increase, Washington dictatorship will increase, health care insurance profits will increase and you will die sooner. Hope and change are here. Hope you are a insurance executive.

VN:F [1.9.1_1087]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.1_1087]
Rating: 0 (from 0 votes)

Is Afghanistan a lost cause?

December 20, 2009
Posted by clinicalthinker @ 14:36 PM

For the most part the world would not consider me a dove.
Am I really a hawk?
If the people we fight for are not willing to fight for themselves I say LEAVE THEM ALONE. So goes it in Afghanistan.

Honestly it escapes me why we here in the USA are expected by our government to send troops and money to every other nation in the world who in the end hates us for the help or intrusion.

The job of our military is take care of the USA. If other nations need our help? … let them pay for it with their own money & military and then MAYBE WE WILL FIGHT BY THEIR SIDE.

If there is a skirmish in the middle east (when has there NOT BEEN?) let THEM settle it. Who said the USA is suppose to be bailout boy for everything?

Politicians who want to bail out other nations? Pack your bags … you get a free ticket (on us the American tax payer) to fight the good fight with YOUR OWN MONEY AND BLOOD!

VN:F [1.9.1_1087]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.1_1087]
Rating: 0 (from 0 votes)

What is the True Motivation of Bankers?

December 17, 2009
Posted by Economics9698 @ 21:28 PM

In my life time I have never see such a horrible job done by the Federal Reserve than has been done in the last decade. It first started with Alan Greenspan’s intentional sabotage of the final years of the Bush Administration. By keeping the federal fund rate at 1% while the housing bubble rose to catastrophic proportions Mr. Greenspan guaranteed disaster. The opposite reaction he had in 1989 to 1991 during the Savings and Loan crisis. Now we have Time’s “Man of the Year” Ben Bernanke completely blow up the Federal Reserve. With Bernanke’s actions we are almost assured of depression with inflation.

Ben Bernanke Federal Reserve Chairman

Ben Bernanke Federal Reserve Chairman


Let’s take a step back and look at “bubbles”. Money, rail road, housing, commercial real estate, stock and other “bubbles” have been around for centuries. Why create them if they cause damage? Bubbles take advantage of “irrational exuberance” to quote Mr. Greenspan. And the great thing about them is only a few insiders know that they are artificial. Everyone pretends the gains in the hot asset of the year will go up forever and the smart money sells. No one really knows when it will end but it always does.

Mr. Greenspan’s famous “irrational exuberance” quote was in 1997 concerning the NASDAQ bubble. He missed the peak by three years.

Basically for the banking industry a central bank, like the Federal Reserve, decides to print more money than the year before. This can be 5% to 120%. Most economist feel a modest inflation rate is desirable because it “lubricates” the economy. This is a fancy way of saying a employer can have a price cut or wage cut without changing anything. Just keep the prices on the menu the same for the next year or someone’s wage. If the inflation rate is predictable and modest business can easily adjust and plan future activities.

Where the devious part comes in is what is known as “Keynesian” economics which is what the current administration is practicing on the economy. John Maynard Keynes was an economist for FDR in the 30’s and 40’s. He came up with “priming the pump” and other nonsense that Nancy Pelosi spews to this day. His basic belief was that the federal government should continually increase spending “tricking” manufacturers into producing more than they would have in the belief that they were too stupid to realize the money stock was becoming devalued. This meant basically paying manufacturers with devalued dollars. The problem is this method builds distrust as was seen in the 1960’s and pretty soon everyone from producers to the unions automatically assume there will be more inflation than anticipated and contracts are adjusted accordingly. The federal government has to spend an ever increasing amount to “trick” manufacturers and a vicious cycle is created triggering inflation.

But let’s assume the only ones who know that the money supply was increased were the insiders at the Federal Reserve in New York. These guys are buddies with their pals at Goldman Sacks. They socialize at the finest New York restaurants, date, marry, play softball and intermingle. The Federal Reserve guys tell the Goldman Sacks guys what is happening on the Open Market Committee and with the Federal Reserve Chairman. Secrets don’t last long when there’s money to be made. So the Goldman employees know to buy now with valuable dollars before they depreciate. The same holds true for bankers. The bubble occurs and no one knows exactly when it will burst but it will. So the inside crowd sells off assets sometimes to soon or on time but they do sell off. And the public is left holding worthless assets. That’s how it’s supposed to work which is why we have a Federal Reserve and not “Free Banking”. Corruption and greed. This last housing bubble didn’t quite work out that way which is the real reason Bush Treasury Secretary Paulson freaked out and got the bail out billions to pay off a bunch of pissed off investment bankers.

And now we are in a dollar bubble just waiting to burst. Its 1931, 10% unemployment, bad economy and for the most part blissfully ignorant of how bad it will get in the coming years. And there is the federal government doing everything wrong. Printing money, buying unproductive junk, producing temporary jobs. Basically moving more and more of the economies resources from the productive sector to the unproductive sector. All the while increasing taxes and further retarding growth. And to top it off proposing new trillion dollar programs that add uncertainty to the business community. This is going to be a big fall.

The main point is that we don’t need a Federal Reserve. In the past banks would print their own notes and back them with gold, silver or even regional bank notes. So why do we have a Federal Reserve setting interest rates and exploding the money supply? It makes no sense.

One of the reforms that will need to occur if America is to remain viable is to strip the Federal Reserve of all it powers except as a partner to assist with bankrupt banks. We don’t need it. The damage far outweighs the benefit. We need to have a “Free Banking” movement in the United States and get back to “hard money” banking policies.

In the past I have supported the Federal Reserve because for most of my life from 1981 to 2001 it was rational and generally respectable in its operations. Wow was I ever wrong. Time to get back to Andrew Jackson’s values and the idea of killing the federal bank for another 77 years or so.

VN:F [1.9.1_1087]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.1_1087]
Rating: 0 (from 0 votes)

Barney Frank Borrows Fascist Tactics from Hitler to Rewrite Financial Laws

December 16, 2009
Posted by Economics9698 @ 12:30 PM

Oh how the fascist regime of Hitler’s Third Reich lives on in the Democratic Party and portions of the Republican Party. Just as Hitler and his fascist took over the banking system in the 1930’s so do Obama and his fascist in the party keep pushing for control of banks today. Of course we remember the first shot was fired by Bush and McCain to “save” our banks. What they were saving the banks from was a bunch of worthless paper generated by Fannie and Freddie.

Fascist Frank from Massachusetts

Fascist Frank from Massachusetts


Imagine a world where the banks that got involved in sub prime mortgages were allowed to fail. 50% of the banking system gone. The most corrupt insiders out of a job walking the streets desperately trying to sell their McMansions at 60% of purchase price. True evil both in Washington and Wall Street exposed and out on the street. Justice over insane banking practices.

And you know what? If the process was allowed to go forward as nature and capitalism intended the banking system would be nearly recovered today. Sure it would have hurt but new companies with sound banking principals would have emerged. Foreign banking concerns not caught up in the corruption would have bought assets from the toxic institutions. The United States and the world banking system would be stronger with the riff raff out of the way. Wall Street would have learned a valuable lesson to never trust Washington. Capitalism would have done its job of killing the corrupt and exposing lunacy.

But it was not to be. Goldman Sacks alumni Henry Paulson saved his old company with one of the worse pieces of crap legislation ever passed in the history of America. It will go down in history as the federal government final push for dictatorship over the people. You know the good old standbys used by the ruling class to establish dictatorship, war, economic crisis and yet to be experienced sever inflation. And the inflation is just around the corner.

For those not paying attention the producer price index was up 1.8% or 21.6% annually. The consumer price index was up 0.4% or 4.8% annually. With a reduction in production overcapacity, money growth of 20% in the past year, monetary base increases of 120% or more what do you think will happen when the democrats push to lower unemployment to 8% with more printed money? A whole lot of dollars chasing less supply. Hey we all loved the 70’s we just didn’t want to relive them.

Hitler's money man Hjalmar Schacht.  Barney Frank's predecessor.

Hitler's money man Hjalmar Schacht. Barney Frank's predecessor.


And now our fascist congressman from Massachusetts is pushing more “reform”. He wants to set up a Consumer Protection Agency and have a Harvard professor (Elizabeth Warren) run it. Oh gee another Harvard affirmative action genius. Thanks but no thanks please give me somebody from the University of Montana or anyplace where people are not indoctrinated into the communist ways of the world. Anyplace but an Ivy League school. These people are the stupidest most elitist snobs on the planet. Time to destroy the temple. Throw out the money changers.

Fascist Frank wants to reinstall Glass-Steagall on a case by case basis. This 1933 act separated banks from brokerage houses. Hey Frank the problem was not Glass-Steagall or lack thereof it was your Fannie Mae, Freddie Mac and the Community Reinvestment Act that forced the hand of lending institutions to make bad loans to the “disadvantaged” members of America. Look and the foreclosures fascist Frank and you will see they trend very nicely with increased minority home ownership. Ouch that hurts but it is so true. That and your liberal white scum scamming the housing bubble.

And who exactly is going to be the judge of this “case by case” basis? And how will it be decided? Let me guess. Goldman Sacks contributed $10 million to the democrats. No need for action against them. Sun Trust contributed $3 million to republicans. Got to break them up. Yea fascist Frank we get it. Loser.

And fascist Frank wants to limit company size and complexity. How about letting them fail if they get stupid? No fascist Frank wants to dictate the terms a company can grow. Why who would not want our bankers to be competitive with the rest of the world’s bankers? Fascism first right Barney? Why hell a “republican” bank might get big and we really need a law to cut them down to size.

One part of the fascist Frank’s bill that is unconstitutional would be to prevent overturning of the Gramm-Leach-Bliley Act. Now citizen privacy is a noble idea but who in the hell does Frank think he is to prohibit future legislatures from modifying or throwing out Gramm-Leach-Bliley if they god damn well please. Does Mr. Frank think he is writing the bible or some other great work that should be followed for thousands and thousands of years? Does Mr. Frank have a connection to god we are not aware of?

And the taxes on institutions holding over $10 billion in assets. Why of course there has got to be a tax in there somewhere butt it’s to assist in the dissolution of failed institutions. Why didn’t you let Goldman Sacks fail the first time? Has anyone told Mr. Frank that the United States has bankruptcy courts? You know that rule of law thing?

And of course there has to be a bone thrown to the Federal Reserve to assist troubled institutions with cash. What the hell why not? And of course there is that slight minor detail of the government closing down “troubled” institutions even though they may be operating in the marketplace and have not asked to be liquidated. Hey what the hell just close them down if they don’t meet some obscure measurement like say donations to democratic politicians. You know all for the party or shut them down.

The move towards dictatorship moves on in the financial sector championed by fascist Frank and his party buddies. This is such a Hitler repeat of the 1930’s. This just makes me sick to be an American.

VN:F [1.9.1_1087]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.1_1087]
Rating: 0 (from 0 votes)

Federal Reserve Still Inflating the Money Supply

December 14, 2009
Posted by Economics9698 @ 13:18 PM

As has been pointed out by myself and many economists the Federal Reserve is dramatically increasing the monetary base. What does this mean? If the Great Depression is indicator inflation with high unemployment as the federal government continues to “crowd out” the private sector in its insatiable appetite for good and services. The ultimate end game is fascist control over the economy like that which occurred in America and Germany in the 1930’s.

Monetary Base

Monetary Base


Obama and the democrats have authorized another trillion or so of debt. Soon we will be approaching 100% debt of the yearly GDP. That would be the same as me making $100,000 and owing $100,000. Not such a bad thing if the debt was over a long period of time but in the past year the Federal Reserve has had trouble selling long term bonds. Most have been seven years or less. To further compound the problem the current administration is looking to raise taxes. This will stunt economic growth. As the pool of taxpayers dwindles more and more of this burden will be carried by fewer and fewer citizens. Income inequality will go down because there will be less prosperity. This will be celebrated by Obama and fascist economist like Paul Krugman as a great victory. There will be less rich people and more equality.

And that is the goal “equality” and power. Everyone knows the scenario. Thanks to Glen Beck and Neal Cavuto if people want it they can get a pretty decent overview of the game plan of the fascist. None of this is new. What will we do about it?

At a recent political gathering I was asked about the Federal Reserve and its function. Alex Jones and his crowd have been demonizing the Federal Reserve and is a proponent of putting the Fed under congressional control. This would be the worst possible scenario possible. Congress would print and spend every election cycle.

The gold standard? A lot of economist favor going back to the gold standard. And it has its merits. The problem though is you are tied to gold so as the commodity, like all commodities, gyrates up and down against the world of currencies your imports and exports gyrate along with the currency. When gold is high imports are cheap and exporting industries are hurt. When gold is low exports are helped and imports expensive. Not the most stable position for a country to be in.

MZM Money Stock.  Did you get a 20% raise in 2008?

MZM Money Stock. Did you get a 20% raise in 2008?


Regional banking worked from 1836 to 1913. Yes there were problems but we had a competitive banking system. Instead of the monopoly Federal Reserve a receivership bank could be set up to monitor reserve requirements and currency stocks. When there is a failure the receivership bank would liquidate assets and reimburse a set percentage of bank holdings below 100% of value but more than 80%. The loss of value would partially eliminate moral hazard conflicts. After closure and investigation of the failure if banking laws were broken the guilty would be charged and jailed. This system would be much more competitive and currency would not continually lose value like under our current system. According to Dan Mitchell of the Cato Institute we have lost 92% of the value of our currency since the Federal Reserve was formed in 1913.

Finally if the Federal Reserve is to be maintained congress should restrict its operations. Set the reserve requirement once and print money at say 4% increase plus or minus 1%. No fed funds, no discount window. Remove the Federal Reserve from all functions except to increase the money supply 4% in good times and bad.

My 2 cents on the Federal Reserve. Also according to these Federal Reserve charts the inflation rate looks to be going to 20%. What a shocker. The inflation rate during the FDR years varied on various commodities about 10% to 15%. Hmmmm. Are these guys that good?

VN:F [1.9.1_1087]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.1_1087]
Rating: 0 (from 0 votes)