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POPSHYPERINFLATION (read, watch, learn) In late 1923, Germany undertook a monetary reform creating a new unit of currency called the rentenmark. The German government promised that the new currency could be converted on demand into a bond having a certain value in gold. Proponents of the standard answer argue that the guarantee of convertibility is properly viewed as a promise to cease the rapid issue of money. An alternative view held by some economists is that not just monetary reform, but also fiscal reform, is needed to end a hyperinflation. According to this view a successful reform entails two believable commitments on the part of government. The first is a commitment to halt the rapid growth of paper money. The second is a commitment to bring the government's budget into balance. This second commitment is necessary for a successful reform because it removes, or at least lessens, the incentive for the government to resort to inflationary taxation.
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POPSHousing Bill Passes Ron Paul has a very educational speech on this "bailout" Go here to watch, the video is in the upper right hand corner "Congressman Paul talks about the Housing Bill". http://www.house.gov/paul/index.shtml
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POPSHey Pal, Can You Spare $100 Billion? Since then the shelves of many shops and supermarkets have been largely bare, except when owners are prepared to risk being caught charging prices that reflect the cost of importing goods from South Africa. Huge queues form outside any bakery selling bread at a controlled price, and demand far outstrips supply.
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POPSBeating a Dead Horse I've commented on this topic many times over the past months, so why not give it one more go. There are two groups responsible for the mortgage mess - the individuals who took out exotic mortgages on houses they couldn't afford, and the financial institutions who sold them those mortgages. I understand we can't let the system fail, but I see no reason why my tax dollars have to go towards helping bail these two groups out. They made terrible decisions. All a bill like this does is reinforce stupid behavior, because if we fail, the government will bail us out. If you had your home re-possessed, it's because you couldn't afford it in the first place. If a financial institution is going down because of all the write-downs they've had to take on bad mortgages, it's because their leadership authorized bad decisions. Are there some exceptions to the above - sure there are. But those aren't the situations that this bill is addressing.
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POPSJohn McCain is truly an angry and frustated egomaniac This pretender needs to chill out on one of his wife’s luxurious estates and tend the barbecue. It is very evident that he would turn over our government to the corporate powers who have been running it for the last eight years. Not this time. — Posted by Luke Wright
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POPSTrusting teachers Val Harrison says that the standards of marking for tests has long been shoddy and calls on government to trust teachers with evaluation
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POPSBy hook or by crook, I WON! Indian government wins confidence vote... The drama that had unfolded involving the monumental corruption and horse trading of the MPs all across the parties, that were highlighted by the national media before the no-confidence motion, is a monumental shame to the congress-led Govt... The poor common man looks on, feeling furious and frustrated and this is the so-called largest Democracy in the World, my dear Watson!
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POPSRon Paul's GOP Counter-Convention Continues to get his revolutionary message out that the GOP is way off the mark in regard to their own traditional republican principles of limited government and individual liberty which the neoconservatives have trampled entirely. The popularity of the message cannot be overlooked and demonstrates the latent great dissatisfaction with the presumptive party nominees of McCain and Obama (who is continuing the talk of the "war on terrorism" as if it is a legitimate and constitutional war--see comments on Afghanistan). This might be the year of the greatest number of alternative candidates on the Presidential ticket: Constitution Party, Libertarian Party, Green Party, will probably be on every state ballot.
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POPSHousing Tax Credit Instead Fan & Fred pass some cheap money to home buyers, but the majority of it goes to banks. Why is the U.S. government subsidizing lenders? Instead, pass along the savings directly to homeowners.
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POPSIf An Oil Man is Saying It... It has to make you think just how out of touch our government is with reality, when a "big oil" tycoon is telling Congress we need to invest more in alternative energy to ween ourselves off of foreign oil. Maybe Bush will listen to one of his own. Or maybe that's putting too much of an assumption on Bush being intelligent, which is a BIG assumption.
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POPSGeneral Obama Calls For Shift Of U.S. Forces To Afghanistan Obama, who has made his opposition to the U.S.-led invasion of Iraq five years ago a centerpiece of his campaign, was in Baghdad to assess security in Iraq, where violence has fallen to its lowest level since early 2004. Iraqi government spokesman Ali al-Dabbagh said Obama did not mention his pledge to remove U.S. combat troops within 16 months if he takes office in talks with Prime Minister Nuri al-Maliki. But in comments suggesting Iraq and Obama are not far apart on the timeframe, Dabbagh said Baghdad's goal was for foreign combat forces to leave by the end of 2010 if security conditions allowed. Dabbagh has floated a similar timeframe before. "We cannot give any timetables or dates but the Iraqi government believes the end of 2010 is the appropriate time for the withdrawal of the forces," Dabbagh told reporters. http://news.yahoo.com/s/nm/20080721/pl_nm/iraq_dc
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POPS"My First-Hand Experience with Gov't Spies" America's new government, including the states, in action: Thanks to the Freedom of Information Act and the ACLU, we now know that "Lucy" was only one part of a vast, insidious project. The Maryland State Police's Department of Homeland Security devoted near 300 hours and thousands of taxpayer dollars from 2005 and 2006 to harassing people whose only crime was dissenting on the question of the war in Iraq and Maryland's use of death row.
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POPSUK House of Commons: U.S. Goverment Lied to us. Cont... "Britain's denials that its territories have been used for "extraordinary rendition" were dramatically undermined last night after the United Nations claimed that Diego Garcia has been used as a detention centre to hold US suspects. . . . The revelations raise fresh questions about the island's role in the process of extraordinary rendition -- moving suspects to interrogation centres in third-party countries where they are held outside the law -- and why the UK government was apparently unaware that its ally was operating a prison on Diego Garcia to house so-called "high-value detainees"."
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POPSWelcome To The Real World "Government is instituted for the common good; for the protection, safety, prosperity, and happiness of the people; and not for profit, honor, or private interest of any one man, family, or class of men; therefore, the people alone have an incontestable, unalienable, and indefeasible right to institute government; and to reform, alter, or totally change the same, when their protection, safety, prosperity, and happiness require it." -John Adams, Thoughts on Government, 1776
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POPSWhy Does The Government Keep Protecting People from Their Stupidity These credit rules are just the latest in a long line of our government feeling the need to protect consumers from their own ignorance and stupidity. I'll be the first to admit credit card rules and fees are difficult to understand. But consumers should be smart enough to know this, and not get in situations where they spent more than they can afford on their cards and end up paying these fees. Pay your bills on time and late fees aren't an issue. Don't charge more than you can afford to pay back at the end of the month and finance charges aren't an issue. There's no need for additional government legislation around this. If the gov really wants to spend our taxpayer money wisely, spend it on education programs to teach people how to be smart with their money.
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