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POPSAbolish the Federal Reserve --- Ron Paul from '02 (cont.)From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts. With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America's exports or the low rate of savings should be enthusiastic supporters of this legislation.
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POPSGlobal freeze kills Nordic tiger The banks made the country wealthy and when they died so has the country. Banks have proven our dependence on them lately. Many will go back to cash under the bed.
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POPSInspired by Sarah Vowell Sarah Vowell was on the Daily Show and talked about how she couldn't read the paper so she started writing the Fireside Chats of FDR. She's the best :)
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POPSNew "currency" big in US prisons
Mackerel is hot in prisons in the U.S., but not so much anywhere else, says Mark Muntz, president of Global Source, which imports fillets of the oily, dark-fleshed fish from Asian canneries. Mr. Muntz says he's tried marketing mackerel to discount retailers. "We've even tried 99-cent stores," he says. "It never has done very well at all, regardless of the retailer, but it's very popular in the prisons." Mr. Muntz says he sold more than $1 million of mackerel for federal prison commissaries last year. It accounted for about half his commissary sales, he says, outstripping the canned tuna, crab, chicken and oysters he offers. Unlike those more expensive delicacies, former prisoners say, the mack is a good stand-in for the greenback because each can (or pouch) costs about $1 and few -- other than weight-lifters craving protein -- want to eat it. So inmates stash macks in lockers provided by the prison and use them to buy goods, including illicit ones such as stolen food and home-br
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POPSBlack Monday: Global Financial Crisis in Pictures Look: The Bailout did not stop this! The only things looking good are gold (soaring), government bonds (safer investments), the dollar (which has rebounded) and oil prices (which are now below 90 buck a barrel; hopefully $3 per gallon gas is coming soon; but we want 1.50 per gallon like when Bush and the war-spending neocons seized power, massively increasing government spending and national debt). World stock markets have plunged after government bank bail-outs in the US and Europe failed to stem fears of slower global economic growth. On Wall Street, the Dow Jones fell 370 points, ending below 10,000 for the first time since 2004. UK and French indexes also suffered big falls. For a definition of futures index in these charts go here.
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POPSForecasts for the 25 Years... From the page: "A Crisis or an Opportunity? What Makes the Difference? The critical difference is whether you are prepared. If you’re aware of possible developments… if you see changes coming… you can take action and prepare yourself. In a rapidly changing world, new opportunities are emerging everywhere. If you get an advance notice of these possible changes, you can be ready. You can ride these waves of change to benefit your career, your business, your family and your investments." Why not changing ourselves as well? it seems as if all that will come should not affect us on deep levels, but why? part of preparation is accepting the changing of human that may come.
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POPSPresidential Candidate AGAINST the $700 Billion Bailout I understand people need money to live, but they need real money not more paper money made out of thin air. American's need leaders that can help them understand our Constitution and what real money is and how it can turn our country around. Baldwin was endorsed by Ron Paul on Sept 22. Although Baldwin is a pastor, he has consistently and rightfully spoken out against Bush and Congress. Check the party platform. Watch the video. Then decide.
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POPSWhat it actually means to "print more money" Crazy times we're living in. Something tells me that my kids will be reading about this period when they're in high school and college (in 15 years or so) and it won't be pretty. We're going to have a lot of explaining to do.
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POPSThe Next Financial Bailout Bill Will Not Work
The truth is often so politically-incorrect. You will note that this was published in the UK, not in a US newspaper, and certainly not from the MSM. In other words get ready for a second hard sell since the first bailout bill was rejected (due to pressure from average citizens). Bush will bully-pulpit, Pelosi and Ried will scream again, and even republicans will line up, both Obama and McCain will push the same pitch and try to get wary Americans to sign on the bottom line. But the plan would not work. He says this is why bank stocks, not just investment firms are falling too: traditional banking – collecting retail deposits and making loans to ordinary customers – is barely profitable. Compared with the potential gains from a day at the currency-swap races, or a night in the derivatives casino, current accounts are cold potatoes. That is why bonus-hungry executives, at what we used to think of as boring banks, were so keen to spin the red-hot wheel of fortune. [/quo
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POPSWhy the Wall St bailout is a bad idea Oh, and let's not forget that we import a lot of stuff. If the dollar collapses in the FOREX, all that stuff will be a lot more expensive. And since oil is denominated in dollars worldwide, well, a collapse in the dollar means that the price of oil will be going nowhere but up.
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POPSWork With Lender To Stop Home Foreclosure Kicking people out of their home is not in the lenders best interest and contrary to what some people may believe, most lenders are willing to work with their customers to stop home foreclosure.
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POPSFINAL VOTE RESULTS FOR ROLL CALL Fed Pumps Further $630 Billion Into Financial System (Update3) The Fed's expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry. The crisis is reverberating through the global economy, causing stocks to plunge and forcing European governments to rescue four banks over the past two days alone. Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion. http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide
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POPSWe were warned Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow Wilson
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POPSDateline October 26, 2006: Henry Paul and this Well-Planned 'Economic Crisis' Quote from an investment newsletter I subscribe to: most of the time, they were aware of the dangers. They knew your future was in grave jeopardy. They saw it in their own government data and talked about it behind closed doors. They even made not-so-secret preparations for this day. They didn't suddenly discover these threats yesterday.
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POPSVOODOO ECONOMICS Over 20 years have they gone and resisted transparency thru smoke and mirrors and other charades, now the only question remains: Can we actually save Capitalism? And should; we?
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POPSConservative Columnist: Palin Should Drop Out Her gender is blinding many to her incompetence. (Sexism blinds). The last comment clipped above is dead on the mark, and it takes a female conservative columnist to finally say "the Emperor has no clothes". Palin is absolutely "out of her league" and unfit for office. There is a growing list of conservatives (David Brooks, George Will, and David Frum) saying the same thing , and nothing could be more dangerous than to have an immature, teen sounding, novice and unpredictable VP candidate that could very well become President. The other thing is that the swell of columnists are finally taking the "inexperience" line because there is likely truth to the sourced story about her affair and the Trooper-gate allegation is being pursued by republicans in Alaska, both of which could torpedo the entire ticket if they break before Nov. 4th. Palin brings alot of baggage with her, and the McCain campaign has been distancing her from reporters and media for a reason.
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POPSMoney as Debt Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.« a must see... The entire video can be seen at google videos here: http://video.google.com/videoplay?docid=-9050474362583451279&total=35&start=0&num=10&so=0&type=search&plindex=8 Some other documentaries on banking, the Federal Reserve & central banks, fiat currency and debt-money... o 'Fiat Empire' (59 mins) o 'The Money Masters' (3 hours 35 mins) o 'Money, Banking and the Federal Reserve' (41 mins) o 'Creature From Jekyll Island', inter
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