The Big Squeeze–The Forced Downsizing of The U.S. Government–Rising National Debt Requires More Interest Payments–Cut Spending By At Least $1 Trillion Now!–Videos

Posted on April 1, 2012. Filed under: Banking, Blogroll, College, Communications, Demographics, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Raves, Regulations, Unemployment, Video, War, Wealth, Weapons, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , |

Led Zeppelin – Stairway to Heaven Live (HD)

There’s a lady who’s sure all that glitters is gold
And she’s buying a stairway to heaven
When she gets there she knows, if the stores are all closed
With a word she can get what she came for
Ooh, ooh, and she’s buying a stairway to heaven

There’s a sign on the wall but she wants to be sure
‘Cause you know sometimes words have two meanings
In a tree by the brook, there’s a songbird who sings
Sometimes all of our thoughts are misleading
Ooh, it makes me wonder
Ooh, it makes me wonder

There’s a feeling I get when I look to the west
And my spirit is crying for leaving
In my thoughts I have seen rings of smoke through the trees
And the voices of those who stand looking
and it makes me wonder
really makes me wonder

And it’s whispered that soon if we all call the tune
Then the piper will lead us to reason
And a new day will dawn for those who stand long
And the forest will echo with laughter

GUITAR SOLO

If there’s a bustle in your hedgerow, don’t be alarmed now,
It’s just a spring clean from the May Queen
Yes, there are two paths you can go by, but in the long run
There’s still time to change the road you’re on
Ooh, it makes me wonder
Ooh, Ooh, it makes me wonder

Your head is humming and it won’t go, in case you don’t know
The piper’s calling you to join him
Dear lady, can’t you hear the wind blow, and did you know
Your stairway lies on the whispering wind

GUITAR SOLO

And as we wind on down the road
Our shadows taller than our soul
There walks a lady we all know
Who shines white light and wants to show
How everything still turns to gold
And if you listen very hard
The tune will come to you at last
When all is one and one is all, yeah
To be a rock and not to roll.

And she’s buying the stairway to heaven

The Debt Clock

http://www.usdebtclock.org/

Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel

Geithner Admits: Obligations In President’s Budget ‘Unsustainable’

Tim Geithner to Paul Ryan: “We don’t have a definitive solution… We just don’t like yours”

Paul Ryan: President’s Budget Ensures Government Can’t Keep Its Promises

The Deal with Jack Hunter: Ignoring Rand Paul’s Budget

Ron Paul to Congress: If Debt Is the Problem, Why Do You Want More of It?

Another Day Older & Deeper In Debt: Federal Deficit to Top $1 Trillion for Fourth Year

Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending

Unfunded Liabilities and Hidden Taxes

Stunning Finding: President’s Health Law Creates $17 Trillion In Unfunded Financial Obligations

The National Debt: A Primer and A Plan by George C. Christy

How Big Is the U.S. Debt?

Charlie Rose The Movie (Bloomberg) – In The Year 2525

Default America: Interest Suppressed

Kotlikoff Says Next Generation to Suffer From Fiscal Gap

Default America: Deflation vs Inflation

Default America: Ron Paul has already won

Ron Paul Ad – Plan

SPECIAL REPORT: Ron Paul’s Plan To Restore America

Balance the Budget NOW

The Crimes of the Century

Fed Reserve Caught Red Handed

Enron: The Smartest Guys in The Room

http://www.hulu.com/watch/337496/enron-the-smartest-guys-in-the-room

Why doesn’t the Federal Reserve just buy Treasury securities directly from the U.S. Treasury?

“…The Federal Reserve Act specifies that the Federal Reserve may buy and sell Treasury securities only in the “open market.” The Federal Reserve meets this statutory requirement by conducting its purchases and sales of securities chiefly through transactions with a group of major financial firms–so-called primary dealers–that have an established trading relationship with the Federal Reserve Bank of New York (FRBNY). These transactions are commonly referred to as open market operations and are the main tool through which the Federal Reserve adjusts its holdings of securities. Conducting transactions in the open market, rather than directly with the Treasury, supports the independence of the central bank in the conduct of monetary policy. Most of the Treasury securities that the Federal Reserve has purchased have been “old” securities that were issued by the Treasury some time ago. The prices for new Treasury securities are set by private market demand and supply conditions through Treasury auctions. …”

http://www.federalreserve.gov/faqs/money_12851.htm

Lackluster Five-Year Auction Weighs On Treasury Market

By REUTERS Posted 03/28/2012

“…U.S. Treasury prices fell Wednesday after weak demand for a debt sale dampened gains built on Federal Reserve Chairman Ben Bernanke’s assurances U.S. interest rates will remain low.

In a day of choppy trade, the lackluster reception for $35 billion in five-year notes overshadowed weaker than forecast durable goods orders that earlier lifted bond prices from session lows.

Another influence was the Fed’s purchase of $4.81 billion of Treasuries maturing between August 2020 and November 2021. The purchases helped the bond market erase its morning losses, leaving it flat to slightly higher by early afternoon before the Treasury auction.

Treasury losses widened when the stock market began to erase some of the day’s worst losses and the S&P 500 index clung to the 1,400 level, hurting the bid for safe-haven U.S. debt.

In afternoon trade, the benchmark 10-year Treasury note was down 5/32, its yield rising to 2.20% from 2.18% late on Tuesday.

RSC Budget Has Ambitious Targets, Needs More Policy Detail

“…The Republican Study Committee (RSC) has once again pushed the outside of the fiscal envelope, presenting a budget that reaches balance in just five years—twice as fast as the group’s proposal a year ago—through entitlement reforms, deep spending reductions, and no tax increases. This aggressive plan incorporates many elements of the House Budget Committee resolution, in some cases going further toward cutting spending.

The RSC budget[1] is a highly ambitious effort that moves as far and fast toward its goals as seems possible. It is not a perfect plan. It falls short in substantiating all its significant spending cuts with adequate substantive policy detail. But it draws another clear, sharp contrast with the President’s vision of ever-expanding government, higher spending, and more debt. …”

“…How the Plan Could Be Improved

Even with the strengths cited above, the RSC plan would benefit from more substantive policy detail on how it would achieve its $112 billion reduction in 2013 discretionary spending from the 2012 cap level of $1.043 trillion. This is a tall order that warrants a fuller description; it cannot be accomplished solely through the worthwhile but inadequate eliminations of the Corporation for Public Broadcasting, Legal Services Corporation, National Endowment for the Arts, and National Labor Relations Board.

On the entitlement side, the RSC should explore the effects of its large and rapid cuts in major programs such as Medicaid and CHIP. To be sure, the RSC does not have the same access to the Congressional Budget Office and other resources that budget committees do; but budgets should be driven more by policy than just numerical targets.

Testing the Boundaries

The RSC budget reflects the need to reverse the explosion of federal spending and debt that threatens the country’s economy—and to do so soon. It pushes hard toward the limits of government spending reduction and reform. However ambitious this budget seems, and notwithstanding its limitations, the convictions behind it should not be ignored.

Patrick Louis Knudsen is the Grover M. Hermann Fellow in Federal Budgetary Affairs in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation. Senior Policy Analyst Curtis S. Dubay contributed to this paper.”

http://www.heritage.org/research/reports/2012/03/analysis-of-the-budget-proposed-by-the-republican-study-committee

1,000 Days Without a Budget: Facts on the Senate’s Failure

“…Tuesday, January 24, will mark the 1,000th day since the U.S. Senate has passed a budget—an egregious dereliction of duty on Senate Majority Leader Harry Reid’s (D–NV) watch. By enacting continuing resolution upon continuing resolution (short-term measures to keep the government running, spending money at the current rate), the Senate has taken a pass on leading, all to the detriment of the poor and middle class.

The budget process forces Congress to set priorities to protect the people’s money and put it to its appropriate use. Instead, the Democrat-controlled Senate has abdicated its responsibility. The result? The deficit is soaring, causing a looming tax burden and injecting uncertainty into the economy, leaving jobs and economic growth on the table. It’s no wonder the U.S. economy’s growth is so tepid.

As the 1,000th day nears, here are some facts about America’s budget and why the Senate must take action to be stewards of the people’s money as the Constitution requires:

  • The last time the Senate passed a budget was on April 29, 2009.
  • Since that date, the federal government has spent $9.4 trillion, adding $4.1 trillion in debt.
  • As of January 20, the outstanding public debt stands at $15,240,174,635,409.
  • Interest payments on the debt are now more than $200 billion per year.
  • President Obama proposed a FY2012 budget last year, and the Senate voted it down 97–0. (And that budget was no prize—according to the Congressional Budget Office, that proposal never had an annual deficit of less than $748 billion, would double the national debt in 10 years and would see annual interest payments approach $1 trillion per year.)
  • The Senate rejected House Budget Committee Chairman Paul Ryan’s (R–WI) budget by 57–40 in May 2011, with no Democrats voting for it.
  • In FY2011, Washington spent $3.6 trillion. Compare that to the last time the budget was balanced in 2001, when Washington spent $1.8 trillion ($2.1 trillion when you adjust for inflation).
  • Entitlement spending will more than double by 2050. That includes spending on Medicare, Medicaid and the Obamacare subsidy program, and Social Security. Total spending on federal health care programs will triple.
  • By 2050, the national debt is set to hit 344 percent of Gross Domestic Product.
  • Taxes paid per household have risen dramatically, hitting $18,400 in 2010 (compared with $11,295 in 1965). If the 2001 and 2003 tax cuts expire and more middle-class Americans are required to pay the alternative minimum tax (AMT), taxes will reach unprecedented levels.
  • Federal spending per household is skyrocketing. Since 1965, spending per household has grown by nearly 162 percent, from $11,431 in 1965 to $29,401 in 2010. From 2010 to 2021, it is projected to rise to $35,773, a 22 percent increase. …”

http://blog.heritage.org/2012/01/20/1000-days-without-a-budget-facts-on-the-senates-failure/

http://thf_media.s3.amazonaws.com/2012/Countdown/senate-counter.html

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The Ruling Establishment’s Robbery Of The American People–Deflation–Inflation–Hyperinflation–Bust–Bailout–Boom–Bubble–The Fall Of The American Republic–The Rise of One World Government and Currency–Videos

Posted on October 23, 2010. Filed under: Agriculture, Babies, Blogroll, College, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Immigration, Investments, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Psychology, Rants, Raves, Regulations, Security, Video, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , |


 

 

 

http://www.shadowstats.com/alternate_data/unemployment-charts

“The surest way to destroy a nation is to debauch its currency.”

~Vladimir Ilyich Lenin

“Inflation is running at rates that are too low.”

~Ben Bernanke, Chairman of The Federal Reserve System

“The gold standard has one tremendous virtue: the quantity of the money supply, under the gold standard, is independent of the policies of governments and political parties. This is its advantage. It is a form of protection against spendthrift governments.”

“The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.”

~Ludwig von Mises

Pulp Fiction – You’re The Weak – Extended Version

Jules: Well there’s this passage I got memorized. Ezekiel 25:17. “The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness. For he is truly his brother’s keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers. And you will know I am the Lord when I lay my vengeance upon you.” I been sayin’ that shit for years. And if you ever heard it, it meant your ass. I never gave much thought what it meant. I just thought it was some cold-blooded shit to say to a motherfucker before I popped a cap in his ass. I saw some shit this mornin’ made me think twice. See now I’m thinkin’, maybe it means you’re the evil man. And I’m the righteous man. And Mr. 9 Milimeter here, he’s the shepherd protecting my righteous ass in the valley of darkness. Or it could mean you’re the righteous man and I’m the shepherd and it’s the world that’s evil and selfish. Now I’d like that. But that shit ain’t the truth. The truth is you’re the weak. And I’m the tyranny of evil men. But I’m tryin’, Ringo. I’m tryin’ real hard to be a shepherd.

Pulp Fiction written by Quentin Tarantino & Roger Avary

 http://www.whysanity.net/monos/jules.html

 

Peter Schiff It’s Scary How Clueless Bernanke Is

 

The Dollar is now collapsing – Peter Schiff | Part 1

 

The Dollar is now collapsing – Peter Schiff | Part 2

 

The Dollar is now collapsing – Peter Schiff | Part 3

 

 

Peter Schiff: Deflation vs. Inflation Argument on FSN

 

Inflation or Deflation?

 

Irwin Stelzer on Inflation vs Deflation

 

Inflation or Deflation?

 

What is Inflation or Deflation?

 

Deflation Dangers

Highlights of Marc Faber and Deflation

NBR | Japan Deflation | PBS

NBR | Food Prices Could Signal Deflation Ahead | PBS

Inflation Deflation Debate Rages On: 2010 Economic Collapse

  

 

Hyperinflation Nation Part 1/3

 

Hyperinflation Nation Part 2/3

 

Hyperinflation Nation Part 3/3

 

The Boom & Bust Years P1

 

The Boom & Bust Years P2

 

The Boom & Bust Years P3

 

The Boom & Bust Years P4

 

The Boom & Bust Years P5

 

The Boom & Bust Years P6

 

Fall of the Republic HQ full length version

 

Fall Of The Republic 1/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 2/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 3/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 4/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 5/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 6/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 7/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 8/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 9/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 10/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 11/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 12/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 13/14: The Presidency Of Barack H Obama

 

Fall Of The Republic 14/14: The Presidency Of Barack H Obama

 

Bailout

 

“Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.”

“A man who chooses between drinking a glass of milk and a glass of a solution of potassium cyanide does not choose between two beverages; he chooses between life and death. A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.”

 

“There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.”

~Ludwig von Mises

 

Pulp Fiction – Just be Jules 

 

Background Articles and Videos

The Massive Fraud In Mortgages Continues–Crooks and Corrupt Politicians In Charge–Videos

 

Inflation and Debt: The Interaction of Fiscal and Monetary Policy (Part 1)

 

Inflation and Debt: The Interaction of Fiscal and Monetary Policy (Part 2)

 

Inflation and Debt: The Interaction of Fiscal and Monetary Policy (Part 3)

 

Inflation and Debt: The Interaction of Fiscal and Monetary Policy (Part 4)

 

Inflation and Debt: The Interaction of Fiscal and Monetary Policy (Part 5)

 

Inflation and Debt: The Interaction of Fiscal and Monetary Policy (Part 6)

 

Inflation and Debt: The Interaction of Fiscal and Monetary Policy (Part 7)

 

Richard W. Fisher Speech: Historical Perspectives on the Current Financial Crisis (Part 1)

 

(Part 2) Richard W. Fisher Speech: Historical Perspectives on the Current Financial Crisis

 

(Part 3) Richard W. Fisher Speech: Historical Perspectives on the Current Financial Crisis

 

Peter Schiff

“…Peter David Schiff (pronounced /ˈʃɪf/; born March 23, 1963) is an American businessman, author, financial commentator, and a former 2010 Republican primary candidate for the United States Senate.[12]

Schiff is president and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.[1] Schiff frequently appears as a guest on CNBC, Fox News, and Bloomberg Television and is often quoted in major financial publications[13] and is a frequent guest on internet radio[14][15][16] as well as the former host of the podcast Wall Street Unspun[17] and the current host of the The Peter Schiff Show.

He is known for his bearish views on the dollar and dollar denominated assets, while bullish on investment in tangible assets, as well as foreign stocks and currencies.

Financial career

Schiff began his career as a financial consultant at a Shearson Lehman Brothers brokerage.[1] In 1996 Schiff and a partner acquired a small brokerage firm that had been founded in 1980, reincorporated it in California and renamed it Euro Pacific Capital.[18] The company today has more than 15,000 clients[citation needed] and six offices nationwide, with its headquarters in Westport, Connecticut.[19][19] [20]

According to a 2005 article in The Advocate of Stamford, Connecticut Schiff relocated the firm to Darien, Connecticut to find brokers “who think like him”. The New York Metropolitan Area, Schiff says, has the biggest concentration of brokers in the country, making it easier to recruit employees.[21] The company has offices in Newport Beach, California as well as in Scottsdale, Arizona, Palm Beach, Florida, Los Angeles and New York. Euro Pacific Capital also holds the exclusive rights to broker some Perth Mint gold products in the United States.[22]

Economic forecasting

Schiff attributes his economic forecasts to an understanding of the Austrian School,[23] a school of economic thought generally categorized as heterodox (or non-mainstream).[23][24][25] Schiff voices strong support for the Austrian School, and says it was first introduced to him by his father, Irwin Schiff.[26] Schiff admits his economic views are not mainstream, and like the Austrian School, he makes judgments without a strict adherence to economic statistics.[citation needed]

U.S. bear market

In his 2007 book, Crash Proof, Schiff writes that the current United States economic policies are fundamentally unsound, and predicts that in the future the United States dollar will lose much of its value.[3]

Schiff feels that the imbalance between the amount of goods the U.S. consumes and what it produces will eventually lead to problems for the U.S. economy.[27][28] As a remedy Schiff favors increased personal savings and production which he says will stimulate economic growth.[29] Schiff cites the U.S.’s low personal savings rate as one of the causes of the its transformation from the world’s largest creditor nation in the 1970s to the largest debtor nation in the year 2000.[30] Schiff attributes the low savings rate to higher inflation and the artificially low interest rates set by the Federal Reserve.[31]

In a 2002 interview with Southland Today, Schiff predicted that the economic downturn triggered by the bursting of the stock market bubble would lead to a bear market likely to last “another 5 to 10 years.”[32][33] In November 2002, US stocks began a bull market uptrend which held steady for at least five years,[34] until reversing course in 2008, when the Dow, NASDAQ, and S&P 500 began a decline to less than half of their peak 2008 values,[35] followed in 2009 by the Dow climbing 61% from its low point over the following year.[36] After interviewing Schiff in 2009, journalist and finance author Eric Tyson, referenced various Schiff predictions during the 2000s and stated that “On all of these counts, Schiff wasn’t just wrong but ended up being hugely wrong.”[37] Schiff later released a video stating that, “When I gave that interview in 2002, I had no way of knowing how irresponsible the Fed was going to be … But I recognized that early: back in 2003 and 2004 I changed my forecast … if you look at what happened to the Dow in terms of gold [and not U.S. dollars], my forecast was extremely accurate.”[32]

In an August 2006 interview he said: “The United States economy is like the Titanic and I am here with the lifeboat trying to get people to leave the ship… I see a real financial crisis coming for the United States.”[38] On December 31, 2006 in debate on Fox News, Schiff forecast that “what’s going to happen in 2007” is that “real estate prices are going to come crashing back down to Earth”.[38]

As part of these exchanges on Fox News and his repeated appearances on financial news network CNBC, Schiff had mentioned factors such as speculators and “the absence of lending standards” which are now seen by many[39][40] to indeed be contributing factors to the housing crisis of 2007-2009. On December 13, 2007 in a Bloomberg interview on the show Open Exchange, Schiff further added that he felt that the crisis would extend to the credit card lending industry.[41] Following this observation, it was soon reported on December 23, 2007 by the Associated Press that “The value of credit card accounts at least 30 days late jumped 26 percent to $17.3 billion in October from a year earlier at 17 large credit card trusts examined by the AP… At the same time, defaults — when lenders essentially give up hope of ever being repaid and write off the debt — rose 18 percent to almost $961 million in October, according to filings made by the trusts with the Securities and Exchange Commission.”[42]

Since 2007, Schiff has stated many times that if the government doesn’t change course there will be hyperinflation in the US.[3] Schiff is one of a minority of economists credited with accurately predicting the financial crisis of 2007–2010 while “nearly all [macroeconomists] failed to foresee the recession despite plenty of warning signs”.[43][44] In his book Crash Proof, he described several aspects of the U.S. economy that would lead to a recession.[3] …”

http://en.wikipedia.org/wiki/Peter_Schiff

Remarks by Governor Ben S. Bernanke
Before the National Economists Club, Washington, D.C.
November 21, 2002
Deflation: Making Sure “It” Doesn’t Happen Here

“…Deflation: Its Causes and Effects
Deflation is defined as a general decline in prices, with emphasis on the word “general.” At any given time, especially in a low-inflation economy like that of our recent experience, prices of some goods and services will be falling. Price declines in a specific sector may occur because productivity is rising and costs are falling more quickly in that sector than elsewhere or because the demand for the output of that sector is weak relative to the demand for other goods and services. Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation. Deflation per se occurs only when price declines are so widespread that broad-based indexes of prices, such as the consumer price index, register ongoing declines.

The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand–a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.1 Likewise, the economic effects of a deflationary episode, for the most part, are similar to those of any other sharp decline in aggregate spending–namely, recession, rising unemployment, and financial stress.

However, a deflationary recession may differ in one respect from “normal” recessions in which the inflation rate is at least modestly positive: Deflation of sufficient magnitude may result in the nominal interest rate declining to zero or very close to zero.2 Once the nominal interest rate is at zero, no further downward adjustment in the rate can occur, since lenders generally will not accept a negative nominal interest rate when it is possible instead to hold cash. At this point, the nominal interest rate is said to have hit the “zero bound.”

Deflation great enough to bring the nominal interest rate close to zero poses special problems for the economy and for policy. First, when the nominal interest rate has been reduced to zero, the real interest rate paid by borrowers equals the expected rate of deflation, however large that may be.3 To take what might seem like an extreme example (though in fact it occurred in the United States in the early 1930s), suppose that deflation is proceeding at a clip of 10 percent per year. Then someone who borrows for a year at a nominal interest rate of zero actually faces a 10 percent real cost of funds, as the loan must be repaid in dollars whose purchasing power is 10 percent greater than that of the dollars borrowed originally. In a period of sufficiently severe deflation, the real cost of borrowing becomes prohibitive. Capital investment, purchases of new homes, and other types of spending decline accordingly, worsening the economic downturn. …”

….Conclusion
Sustained deflation can be highly destructive to a modern economy and should be strongly resisted. Fortunately, for the foreseeable future, the chances of a serious deflation in the United States appear remote indeed, in large part because of our economy’s underlying strengths but also because of the determination of the Federal Reserve and other U.S. policymakers to act preemptively against deflationary pressures. Moreover, as I have discussed today, a variety of policy responses are available should deflation appear to be taking hold. Because some of these alternative policy tools are relatively less familiar, they may raise practical problems of implementation and of calibration of their likely economic effects. For this reason, as I have emphasized, prevention of deflation is preferable to cure. Nevertheless, I hope to have persuaded you that the Federal Reserve and other economic policymakers would be far from helpless in the face of deflation, even should the federal funds rate hit its zero bound.19

http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021121/default.htm

 

Alex Jones

“…Alexander Emerick Jones (born February 11, 1974) is an American talk radio host, actor and filmmaker. His syndicated news/talk show The Alex Jones Show, based in Austin, Texas, airs via the Genesis Communication Network over sixty AM, FM, and shortwave radio stations across the United States and on the Internet.[1] His websites include Infowars.com and PrisonPlanet.com.[2]

Mainstream news sources have referred to him as right-wing,[3][4][5] conservative,[6][7][8][9] and a conspiracy theorist.[10][11][12]

Jones sees himself as a libertarian, and rejects being described as a right-winger.[13] He has also called himself a paleoconservative.[14] In a promotional biography he is described as an “aggressive constitutionalist”.[15][16]

Jones was born on February 11, 1974 in Dallas, Texas,[17] and grew up in the suburb of Rockwall. His father is a dentist.[18] He graduated from Anderson High School in northwest Austin, Texas in 1993. After high school he briefly attended Austin Community College.

He began his career in Austin with a live, call-in format cable access television program. In 1996, Jones switched format to KJFK, hosting a show named The Final Edition.[19] In 1998, he released his first film, America Destroyed By Design

In 1998, Jones spearheaded an effort to build a memorial for the members who died at the David Koresh-led Branch Davidian compound/church near Waco, Texas, including the ATF officers who died.[citation needed] He often featured the project on his cable access program and claimed that Koresh and his followers were peaceful people who were murdered by Attorney General Janet Reno and the ATF in the infamous Waco Siege.[19]

In 1999, he tied with Shannon Burke for that year’s “Best Austin Talk Radio Host” poll as voted by The Austin Chronicle readers.[20] Later that year, he was fired from KJFK-FM. According to the station’s operations manager, Jones was fired because his viewpoints made the show hard to sell to advertisers and he refused to broaden his topics.[19] Jones argued: “It was purely political, and it came down from on high,” and, “I was told 11 weeks ago to lay off Clinton, to lay off all these politicians, to not talk about rebuilding the church, to stop bashing the Marines, A to Z.”[19]

In early 2000, Jones was one of seven Republican candidates for state representative in Texas House District 48, an open seat swing district based in Austin, Texas. Jones stated that he was running, “to be a watchdog on the inside.”[21] He aborted his campaign and withdrew before the March primary when polls indicated he had little chance of winning.

In July 2000, a group of Austin Community Access Center (ACAC) programmers claimed that Jones used legal proceedings and ACAC policy to intimidate them or get their shows thrown off the air. The programmers made their views known via radio broadcast and websites.[22] Also in 2000, Jones and assistant Mike Hanson infiltrated Bohemian Grove and filmed the opening weekend ceremony, known as the Cremation of Care, claiming it to be mock child sacrifice in front of a 40-foot-tall (12 m) stone owl of Moloch.

On June 8, 2006, while on his way to cover a meeting of the Bilderberg group in Ottawa, Canada, Jones was stopped and detained at the Ottawa airport by Canadian authorities who confiscated his passport, camera equipment, and most of his belongings. He was later allowed to enter Canada lawfully. Jones said regarding the reason for his immigration hold, “I want to say, on the record, it takes two to tango. I could have handled it better.”[23]

On September 8, 2007, he was arrested while protesting at 6th Avenue and 48th Street in New York City. He was charged with operating a bullhorn without a permit. Two others were also cited for disorderly conduct when his group crashed a live television show featuring Geraldo Rivera. In an article, one of Jones’s fellow protesters said “It was … guerilla information warfare.”[24]

Media

The Alex Jones Show

The Alex Jones Show syndicated radio program is broadcast nationally by Genesis Communications Network to more than 60 AM and FM radio stations in the United States, and to WWCR Radio shortwave. Live-broadcast times are weekdays 11:00 a.m. to 2:00 p.m. CST and Sundays from 4:00 to 6:00 p.m. CST. The Sunday broadcast is also broadcast by Emmis Communications’ KLBJ Radio. All broadcasts are also available online at prisonplanet.com and infowars.com for live, streaming, podcast or smartphone listening.[25]

Guests have included congressman Ron Paul, country music icon Willie Nelson, former Minnesota governor Jesse Ventura, author and speaker Jordan Maxwell, actor Charlie Sheen, rapper KRS-One, musician Shooter Jennings, Muse frontman Matthew Bellamy, British politicians Nigel Farage and Christopher Monckton, trends researcher Gerald Celente, musician Dave Mustaine of Megadeth, antiwar activist Cindy Sheehan, writer David Icke, the Rev. Ted Pike,[26] the Rev. Lindsey Williams, as well as various other guests.

Websites

Alex Jones is also the operator of several web sites centered on news and information about civil liberties issues, global government, and a wide variety of current events topics. The best known of these sites are http://www.infowars.com and http://www.prisonplanet.com.[citation needed]

http://en.wikipedia.org/wiki/Alex_Jones_%28radio_host%29

Is Glenn Beck for Real?

 

Who Really Runs the New World Order Exposed: Part 2 of “Is Glenn Beck for Real?”

 

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Posted on October 22, 2010. Filed under: Blogroll, Business, College, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, history, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Rants, Raves, Taxes, Video, Wisdom | Tags: , , , , , , , , , , , |

Ron Paul 2012

Ron Paul: If Obama wants us to be “grateful” he should just leave us alone

 

Peter Schiff on FOX News 10/22/10

 

Nassim Nicholas Taleb – ‘Things are getting worst’ (12-May-10)(NWO ECONOMICS series)

 

Should We Be Concerned About Deflation?

 

Peter Schiff says DEFLATION will be BIG . . . . . . . . . . . . . . . . when you mesure it in gold !

 

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David Morgan Talks Dollar Default Risk, Deflation, Hyperinflation, & More, Pt. 2

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Background Articles and Videos

Nassim Nicholas Taleb: What We’re Doing Wrong

Nassim Taleb Says Banks `Hijack Us,’ Can’t Be Trusted

Nassim Nicholas Taleb – Air date: 12-03-01

Hedge Funds – Paul Solman

 

The Trillion Dollar Bet 1

The Trillion Dollar Bet 2

The Trillion Dollar Bet 3

The Trillion Dollar Bet 4

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Posted on August 12, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Education, Employment, Fiscal Policy, Monetary Policy, Video, Wisdom | Tags: , , , , , , |

 

Glenn Beck-08/12/10-A

Glenn Beck-08/12/10-B

 

Glenn Beck-08/12/10-C

 

Glenn Beck-08/12/10-D 

 

As long as the American economy remains in the Bush  Obama Depression (BOD) and the official unemployment rates exceeds 9% as measured by U-3 or the real unemployment rate exceeds 15% as measured by U-6, the Federal Reserve will be more concerned with deflation or with the general price level and production falling than with inflation.

Once significant inflation in the general price level manifests itself as a result of the Federal Reserve expansionary monetary policy of buying Treasury debt primarily 2-year and 10-year notes, the Federal Reserve will have no choice but to change course and reduce the money supply by selling Treasury Notes.

I expect an expansionary monetary policy for at least next thirty months until 2013.

The current concern with deflation will quickly shift to stopping inflation, always the first priority of the Federal Reserve System.

The so-called economic recovery will not really begin until President Obama’s  Keynesian stimulus spending with massive deficits., huge increases in the National Debt and tax hikes and new taxes are reversed.

The Obama Administration Keynesian fiscal policies have failed and continue to fail.

Neither President Obama nor his economic advisors have any new ideas, but are simply following policies that have failed repeatedly in the United States and in other nations throughout history.

They do not learn from theses mistakes but only repeat them, again and again. 

The earliest new growth and jobs creation economic policies can be implemented is  2013.

This will only happen  provided the person elected President of the United States is truly fiscally responsible and runs on a platform of cutting Government spending by shutting down 10 Federal Department and instituting a national broad-based consumption sales tax.

This could be either a Republican or a new third-party or Libertarian candidate.

The FairTax is a national consumption sales tax on the purchase of new goods and services that replace all other Federal taxes including income, payroll,  capital gains, estate and gift taxes.

Many of those supporting the tea party movement and the 9/12 project  are attending the August 28, 2010 rally in Washington D. C.and could be the core of a new political party.

While attending tea party events and 9/12 events are initially what needs to be done, eventually a new party with a slate of candidates and a platform must be formed.

Otherwise, the tea party movement will gradually decline and disappear, which is exactly what both the Democrats and Republicans want to happen.

Both the Democratic and Republican parties have been deeply penetrated by progressive radical socialists.

Both the Democratic and Republican parties bear responsibility for the financial mess that has resulted in the Bush Obama Depression.

Both the Democratic and Republican parties will never as political parties support the FairTax  and the shutting down of ten Federal Departments.

Both the Democratic and Republican parties are damaged goods.

The time has come for individuals to standup and come forward and get behind those who want to make faith, families, and freedom–first.

The Democrats and Republicans are more concerned about maintaining power than fundamental reforms that would significantly reduce the size and scope of the Federal Government and reform taxation by switching from an income based tax system to a consumption based tax system that encourages savings, investment, job and wealth creation, and the American work ethic and innovation.

Join us in Washington D.C. on August 28, 2010 and bring your children and friends.

Come by bus and be sure to register the bus with the National Park service.

If you come by car go to RFK stadium to park your car and take a shuttle over to the Lincoln Memorial, be positive and peaceful.

This is a celebration of America by the American people.

Keep your signs home and bring the kids.

The goal is a minimum of 3 million plus people–1% of the American people.

Big media will be hard pressed to ignore the American people.

God bless America.

The American People March on Washington D.C.–August 28, 2010–At The Lincoln Memorial! Mark Your Calendar–Be There–Three Million Minimum–Join The Second American Revolution

 

 

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The New SDS and The Progressive Radical Socialist Coming Economic Deflation and Hyperinflation–Videos

Posted on August 2, 2010. Filed under: Blogroll, Communications, Crime, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, Investments, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Rants, Raves, Regulations, Security, Strategy, Talk Radio, Taxes, Video, War, Wisdom | Tags: , , , , , , |

“On the other hand we do want, and want very much, to make men treat Christianity as a means; preferably, of course, as a means to their own advancement, but, failing that, as a means to anything-even to social justice. The thing to do is to get a man at first to value social justice as a thing which the Enemy demands, and then work him on to the stage at which he values Christianity because it may produce social justice. For the Enemy will not be used as a convenience.”

~C.S. Lewis

Glenn Beck-08/02/10-A

Glenn Beck-08/02/10-B

Glenn Beck-08/02/10-C

Glenn Beck-08/02/10-D

Background Articles and Videos

C.S Lewis’s surviving BBC radio address

 

C.S Lewis’s surviving BBC radio address: Part 2

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Inflation–Surprise–Surprise–It’s Back–An Inflationary Depression Arrives–The Obama Depression!

Posted on February 18, 2010. Filed under: Blogroll, Books, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, Investments, Law, liberty, Life, Links, People, Philosophy, Politics, Rants, Raves, Resources, Security, Strategy, Taxes, Technology, Video, Wisdom | Tags: , , , , , , , , , , , , , , , |

U.S. Debt Clock

http://www.usdebtclock.org/

http://www.federalbudget.com/  

   

M3, longer term chart

   

http://www.nowandfutures.com/key_stats.html    

   

Fed Raises Discount Rate – Peter Schiff – 02-18-2010

Meyer Expects Fed to Raise Funds Rate in Middle of 2011

 

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Ron Paul v Ben Bernanke (1.29.2010)

Glenn Beck- February 18, 2010 (Part 3/4)

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Inflation Nation The Movie Part 1/3 – Dollar Collapse Ft. Peter Schiff Ron Paul Faber Rogers.

Inflation Nation The Movie Part 2/3 – Dollar Collapse Ft. Peter Schiff Ron Paul Faber Rogers.

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CONSUMER PRICE INDEX – JANUARY 2010

“…On a seasonally adjusted basis, the January Consumer Price Index for All Urban Consumers (CPI-U) 

rose 0.2 percent, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index 

increased 2.6 percent before seasonal adjustment. 

The seasonally adjusted increase in the all items index was due to a rise in the energy index. An increase 

in the gasoline index was the main factor, and the indexes for fuel oil and natural gas rose as well, 

though the electricity index declined. 

The index for all items less food and energy fell 0.1 percent in January. This decline was largely the 

result of decreases in the indexes for shelter, new vehicles, and airline fares. In contrast, the medical care 

index posted its largest increase since January 2008, and the index for used cars and trucks increased 

significantly for the sixth month in a row. 

The food index increased in January, with the food at home component posting its largest increase since 

September 2008. Sharp increases in the indexes for dairy and related products and for fruits and 

vegetables accounted for most of the increase. …” 

“…Food

 The food index rose 0.2 percent in January. The food at home index increased 0.4 percent, with four of

percent in January, but still has declined over the past 12 months. The index for fruits and vegetables  

increased 1.3 percent due to a 2.8 percent increase in the index for fresh fruits. The index for meats, 

poultry, fish, and eggs rose 0.4 percent and the index for nonalcoholic beverages advanced 0.2 percent. 

The indexes for cereals and bakery products declined in January, falling 0.5 percent, and the index for 

other food at home declined 0.3 percent. The index for food away from home increased 0.1 percent in 

January. Over the last 12 months, the food index has declined 0.4 percent with the food at home index 

down 2.0 percent and the index for food away from home up 1.6 percent.

Energy 

The energy index rose 2.8 percent in January, its ninth consecutive increase. The index for energy  

commodities increased 4.9 percent, with the gasoline index rising 4.4 percent. The index for household 

energy rose 0.5 percent in January. The fuel oil index increased 6.1 percent and the index for natural gas 

rose 3.5 percent, while the electricity index declined 1.1 percent. Over the past 12 months, the energy 

index has risen 19.1 percent, with the gasoline index up 51.3 percent but the index for household energy 

down 3.5 percent.

All itmes less food d and energy

The index for all items less food and energy declined 0.1 percent in January after rising 0.1 percent in 

December. The shelter index declined 0.5 percent. The index for lodging away from home fell 2.1 

percent, while the rent index was unchanged and the index for owners’ equivalent rent declined 0.1 

percent. The index for new vehicles fell 0.5 percent, its second consecutive decline, and the index for 

airline fares turned down in January, falling 2.5 percent after increasing in each of the past six months. 

The indexes for household furnishings and operations, for apparel, and for recreation all decreased 0.1 

percent in January. In contrast, the medical care index rose 0.5 percent. The index for medical care 

commodities rose 0.7 percent and the medical care services index advanced 0.5 percent. Also increasing 

was the index for used cars and trucks, which rose 1.5 percent in January and has increased 12.9 percent 

over the past six months. The index for all items less food and energy has risen 1.6 percent over the past 

12 months.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.6 percent over the last 12  

months to an index level of 216.687 (1982-84=100). For the month, the index increased 0.3 percent prior 

to seasonal adjustment. 

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 3.3 percent 

over the last 12 months to an index level of 212.568 (1982-84=100). For the month, the index increased 

0.4 percent prior to seasonal adjustment. …” 

http://www.bls.gov/news.release/pdf/cpi.pdf  

 
Current Consumer Price Index
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave
2009 211.143 212.193 212.709 213.240 213.856 215.693 215.351 215.834 215.969 216.177 216.330 215.949 NA
2008 211.080 211.693 213.528 214.823 216.632 218.815 219.964 219.086 218.783 216.573 212.425 210.228 215.303
2007 202.416 203.499 205.352 206.686 207.949 208.352 208.299 207.917 208.490 208.936 210.177 210.036 207.342
2006 198.3 198.7 199.8 201.5 202.5 202.9 203.5 203.9 202.9 201.8 201.5 201.8 201.6
2005 190.7 191.8 193.3 194.6 194.4 194.5 195.4 196.4 198.8 199.2 197.6 196.8 195.3
2004 185.2 186.2 187.4 188.0 189.1 189.7 189.4 189.5 189.9 190.9 191.0 190.3 188.9
2003 181.7 183.1 184.2 183.8 183.5 183.7 183.9 184.6 185.2 185.0 184.5 184.3 183.96
2002 177.1 177.8 178.8 179.8 179.8 179.9 180.1 180.7 181.0 181.3 181.3 180.9 179.88
2001 175.1 175.8 176.2 176.9 177.7 178.0 177.5 177.5 178.3 177.7 177.4 176.7 177.07
2000 168.8 169.8 171.2 171.3 171.5 172.4 172.8 172.8 173.7 174.0 174.1 174.0 172.2
Get more Historical Data from InflationData.com
Consumer Price Index- All Urban Consumers- Not Seasonally Adjusted – (CPI-U) – Base Period : 1982-84=100
Note: NA means data has not been released yet. Effective January 2007 the BLS began Publishing the CPI to 3 decimal places.
However, InflationData.com is still the only place to get Inflation Rates calculated to 2 decimal places.
http://inflationdata.com/inflation/Consumer_Price_Index/CurrentCPI.asp

Producer Price Index News Release text

   

Transmission of material in this release is embargoed until                         USDL-10-0206
8:30 a.m. (EST), Thursday, February 18, 2010

Technical information:      (202) 691-7705  *  ppi-info@bls.gov  *  www.bls.gov/ppi
Media contact:              (202) 691-5902  *  PressOffice@bls.gov  

                            PRODUCER PRICE INDEXES - JANUARY 2010

The Producer Price Index for Finished Goods rose 1.4 percent in January, seasonally adjusted,
the U.S. Bureau of Labor Statistics reported today. This increase followed a 0.4-percent advance
in December and a 1.5-percent rise in November. In January, at the earlier stages of processing,
prices received by manufacturers of intermediate goods climbed 1.7 percent, and the crude goods
index jumped 9.6 percent. On an unadjusted basis, prices for finished goods moved up 4.6
percent for the 12 months ended January 2010, their third consecutive 12-month increase. (See
table A.)

http://www.bls.gov/news.release/ppi.nr0.htm

    

Exploding Inflation & Higher Interest Rates Coming

    

“…It’s been forecast by everyone but those beating the Obama Democratic drums. Even today, many pundits were saying that inflation wasn’t going to be much of a concern but then Thursday afternoon, Ben Bernanke & Boys raised the Discount Rate from .50% to .75%! This is the opening salvo of interest rates that might have to reach DOUBLE DIGITS to contain the massive printing of money that’s been going on.    

 

The Federal Reserve decided Thursday to boost the rate banks pay for emergency loans. The action is part of a broader move to pull back the extraordinary aid it provided to fight the worst financial and economic crisis since the 1930s. The move won’t directly affect borrowing costs for millions of Americans. But with the worst of the financial crisis over, it brings the Fed’s main crisis lending program closer to normal.    

The Fed decided to bump up the so-called “discount” lending rate by one-quarter point to 0.75 percent. The increase takes effect Friday.   

The central bank said the action should not be viewed as a signal that it will soon boost interest rates for consumers and businesses. Want to bet? Record-low borrowing costs near zero are still needed to foster the recovery, it said. The Fed repeated its pledge to keep interest rates at “exceptionally low” levels for an “extended period.” But with unemployment still near double digits, and demand for loans remains weak, many ordinary Americans and small businesses have found it difficult to borrow. …”   

http://www.articlesbase.com/economics-articles/exploding-inflation-amp-higher-interest-rates-coming-1876816.html   

    

Glenn Beck- February 18, 2010 (Part 1/4)

Glenn Beck- February 18, 2010 (Part 2/4)

Will Bernanke Spark Inflation?-Leslie Marshall-America’s Nightly Scoreboard 2-10-10

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Read Full Post | Make a Comment ( 2 so far )

Obama Follows Lenin’s Advice Uses Taxation, Inflation and Corruption To Crush Capitalism

Posted on October 6, 2009. Filed under: Blogroll, Communications, Economics, Employment, Fiscal Policy, Foreign Policy, government spending, Health Care, Immigration, Investments, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Psychology, Rants, Raves, Regulations, Resources, Security, Video, Wisdom | Tags: , , , , , , , , , , , , , |

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”

“The best way to destroy the capitalist system is to debauch the currency.”

~Valdimir Lenin

USD_purchasing_power

Stop Spending Our Future – The Crisis

 

Dollar Devaluation, SDRs & IMF – Jim Rickards

 

Jim Rogers On Fox Business Channel 10.06.09

 

Peter Schiff Vlog-Demise of the Dollar

 

Gerald Celente-Dollar Is Finished

 

UN Calls for the Creation of Global Reserve Currency

 

pt 1/3 Jim Sinclair on King World News

 

Gloom and DOOM report. Economic Collapse. Wars will be used to distract attention.

Glenn Beck -10-06-09-A

 

Glenn Beck -10-06-09-B

 

Glenn Beck -10-06-09-C

Glenn Beck -10-06-09-D

 

Glenn Beck -10-06-09-E

 

 

Background Articles and Videos

bush_obama_defitics

http://src.senate.gov/public/index.cfm?FuseAction=Graphics.ViewLarge&File_id=19780049-f853-4ad4-9e23-cb9cb3e8fc17

 

NationalGDP

United States of America National Debt Clock–Must See It To Believe It!

http://www.usdebtclock.org/charts/national-debt-as-a-percent-of-gross-domestic-product.html

 

US-Debt

 

 

 

Daniel J. Mitchell – USA: Drowning In Debt?

pt 2/3 Jim Sinclair on King World News

pt 3/3 Jim Sinclair on King World News

Outstanding Debt, GDP and Income Who Are They Fooling (NWO SERIES/ ECONOMIC COLLAPSE)

 

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Obama Depression–Yes We Can!–Hyperinflation–Hope Not–Double Digit Inflation Likely in 2012!

Posted on August 5, 2009. Filed under: Blogroll, Economics, Employment, Investments, Links, Monetary Policy, Philosophy, Politics, Quotations, Rants, Raves, Video, Wisdom | Tags: , , , , , , , , , , , , , , , , |

 

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The Obama Depression will last through the fourth quarter of 2010 with the official unemployment rate U-3 exceeding 13% during the second quarter of 2010 before declining to under 10% by the end of 2010.

 

U1: Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per ILO definition.
U4: U3 + “discouraged workers”, or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other “marginally attached workers”, or “loosely attached workers”, or those who “would like” and are able to work, but have not looked for work recently.
U6: U5 + Part time workers who want to work full time, but cannot due to economic reasons.
Note: “Marginally attached workers” are added to the total labor force for unemployment rate calculation for U4, U5, and U6. The BLS revised the CPS in 1994 and among the changes the measure representing the official unemployment rate was renamed U3 instead of U5.[35]

The current number of Americans seeking full time jobs exceeds 15,000,000 (U-3 unemployment measure) and 25,000,000 (U-6 unemployment measure).

The number of Americans seeking full time jobs will exceed 20,000,000 (U-3 unemployment measure) and 30,000,000 (U-6 unemployment measure) by the second quarter of 2010.

During 1933 the worse year of the Great Depression the number of unemployed Americans was roughly 13,000,000.

While the rates of unemployment measured by either U-3 or U-6 are still far below those of the Great Depression worse year’s of 24.9% in 1933, the number of unemployed Americans exceeds 1933 by at least 2,000,000 and closer to 10,000,000.

The Obama Depression is worse than the Great Depression in sheer number of unemployed Americans.

The failed stimulus and bailout packages demonstrate clearly that President Obama either does not know what he is doing or is deliberately wrecking the US economy, destroying jobs and killing the American dream.

Only a complete economic illiterate or enemy of the American people would be proposing the largest tax increase in US history in the middle of the worse recession/depression.

Sean Hannity Talks with Dick Morris about Barack Obama’s Cap-and-Trade Bill [FOX News]

 

Obama: My Plan Makes Electricity Rates Skyrocket

 

Greta: Will Barack Obama Break His No Tax Pledge for the Middle Class? [FOX News]

 

Mike Pence (R-IN) Cap & Trade Speech (close captioned)

 

 

If both the cap and trade energy tax and the Obama health care reform bills pass, the Obama Depression will last through 2011 before ending in 2012.

Expect the inflation percentage rates to hit a double digit range between 10% and 20% in the 2012 time period.

 

Economic Expectations – Why Inflation Isn’t the Danger – Bloomberg

 

Bernanke Walks A Tightrope – Bloomberg

 

In-Depth Look – Inflation Vs Unemployment – Bloomberg

 

Marc Faber there will be war and Hyperinflation

 

MARC FABER JULY 2009 EXPECT TOTAL COLLAPSE SOON

 

John Williams ShadowStats.com “Go long Scotch!”

 

ShadowStats.com founder John Williams on M3 Money Supply

 

 

Hyperinflation Nation Part 1/3

 

Hyperinflation Nation Part 2/3

 

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Peter Schiff and Marc Faber on The Glenn Beck

 

 

 

 

Background Articles and Videos

 

“…The Bureau of Labor Statistics measures employment and unemployment (of those over 15 years of age) using two different labor force surveys[32] conducted by the United States Census Bureau (within the United States Department of Commerce) and/or the Bureau of Labor Statistics (within the United States Department of Labor) that gather employment statistics monthly. The Current Population Survey (CPS), or “Household Survey”, conducts a survey based on a sample of 60,000 households. This Survey measures the unemployment rate based on the ILO definition.[33] The data are also used to calculate 5 alternate measures of unemployment as a percentage of the labor force based on different definitions noted as U1 through U6:[34]

U1: Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per ILO definition.
U4: U3 + “discouraged workers”, or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other “marginally attached workers”, or “loosely attached workers”, or those who “would like” and are able to work, but have not looked for work recently.
U6: U5 + Part time workers who want to work full time, but cannot due to economic reasons.
Note: “Marginally attached workers” are added to the total labor force for unemployment rate calculation for U4, U5, and U6. The BLS revised the CPS in 1994 and among the changes the measure representing the official unemployment rate was renamed U3 instead of U5.[35]

…”

Year Unemployment (% labor force)

1933   24.9
1934   21.7
1935   20.1
1936   16.9
1937   14.3
1938   19.0
1939   17.2
1940   14.6
1941      9.9
1942     4.7
1943     1.9
1944     1.2
1945     1.9

source: Historical Statistics US (1976) series D-86

http://en.wikipedia.org/wiki/Unemployment

Unemployment 1930’s vs Today

http://www.scribd.com/doc/13282170/Unemployment-1930s-vs-Today

U3 and U6 Unemployment during the Great Depression

U3U5UnemploymentGreatDepression

http://www.economicpopulist.org/content/u3-and-u6-unemployment-during-great-depression

 

Vintage pro-inflation propaganda

 

FDR on mortgages, gold, reflation, and labor standards

 

Power of the Market – How to Cure Inflation 1

 

Power of the Market – How to Cure Inflation 2

 

 

Power of the Market – How to Cure Inflation 3

 

 

 Duck Tales Inflation Lesson

 

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Fred Thompson On Borrowing and Spending–Yes We Can!

Posted on January 3, 2009. Filed under: Blogroll, Economics, Employment, Investments, Law, Links, Politics, Quotations, Raves, Regulations, Taxes, Video | Tags: , , , , , , , , , , , , , , , |

Trying to fix problems caused by excess consumption with more spending is like telling a fat guy that the way to lose weight is to eat more donuts.

~Fred Thompson

 

Fred Thompson on the Economy

 

Great video!

Ask not what your country can spend on you, ask what you can spend for your country. Is that what made American a great country?

~Fred Thompson

 

Background Articles and Videos

 

Postponing Reality

By Thomas Sowell

 

“…While Detroit’s Big Three are laying off thousands of workers, Toyota is hiring thousands of workers right here in America, where a substantial share of all our Toyotas are manufactured.

Will this save Detroit or Michigan? No.

Detroit and Michigan have followed classic liberal policies of treating businesses as prey, rather than as assets. They have helped kill the goose that lays the golden eggs. So have the unions. So have managements that have gone along to get along.

Toyota, Honda and other foreign automakers are not heading for Detroit, even though there are lots of experienced automobile workers there. They are avoiding the rust belts and the policies that have made those places rust belts.

A bailout of Detroit’s Big Three would be only the latest in the postponements of reality. As for automobile dealers, they can probably sell Toyotas just as easily as they sold Chevvies. And Toyotas will require just as many tires per car, as well as other parts from automobile parts suppliers.”

http://www.realclearpolitics.com/articles/2008/12/postponing_reality.html

 

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Recession–Recession–Recession–Scaring People–Have A Hot Dog!

 

 

Read Full Post | Make a Comment ( None so far )

BO’s Raw Deal: Obama’s Two Year Recession and Two Year Hyperinflation–Hopeless & Small Change!

Posted on November 26, 2008. Filed under: Blogroll, Climate, Communications, Economics, Employment, Energy, Immigration, Investments, Law, Politics, Regulations, Resources, Security, Strategy, Taxes, Technology, Video | Tags: , , , , , , , , , , , , , , , , |

Another freaking Bailout…

 

the Government causes most of our problems…

 

President-elect Barack Obama’s Raw Deal of investment–read more government spending, more deficits and more taxes– will result in a recession lasting upwards of 24 to 30 months.

Obama’s answer to every problem is a new or bigger government program and more and more bailouts.

Government spending takes time to implement– a year or more before it has any significant impact on the economy.

After two years of recession and higher unemployment rates the economy will be heading into a hyperinflation as a direct result of bailouts creating money or credit in unprecedented amounts–too many dollars chasing too few goods and services.

When this happens the Federal Reserve will slam on the brakes and institute a contractionary monetary policy with higher and higher interest rates.

In summary Obama Raw Deal consists of stomping on the gas pedal of government spending and leaving it there for two years followed by two years of slamming on the brakes by raising taxes.

The Federal Reserve will accommodate the Raw Deal approach until inflation rears its ugly head.

Then the Federal Reserve will also slam on the brakes and raise interest rates.

The election of 2012 will result in some real and needed change and a conservative/libertarian Presidential candidate to stop BO’s Raw Deal–the audacity of socialism–a wrecked economy!

The message will be restoring the American Dream with:

  1. A FairTax or flat income tax
  2. Lower capital gains taxes if there is flat income tax. 
  3. Lower business income taxes if there is flat income tax.
  4. Repeal of higher gasoline taxes and repeal of any cap & trade laws
  5. Cutting government spending
  6. Eliminating many Federal Government Departments
  7. Securing the borders and stopping all illegal immigration and the criminal aliens removal(CAR) and deportation to country of origin.
  8. Stiff fines and imprisonment for any business or union that employs criminal aliens or has members that are criminal aliens

Background Articles and Videos

 

Jolting’ the Economy

By Thomas Sowell

“…The Great Depression of the 1930s was in fact the longest-lasting of all our depressions.
Government policy in the 1930s was another bipartisan disaster. Despite a myth that Herbert Hoover was a “do nothing” president, he was the first President of the United States to step in to try to put the economy back on track.
With the passing years, it has increasingly been recognized that what FDR did was largely a further extension of what Hoover had done. Where Hoover made things worse, FDR made them much worse.
Herbert Hoover did what Barack Obama is proposing to do. Hoover raised taxes on high-income people and put restrictions on international trade, in order to try to save American jobs. It didn’t work then and it is not likely to work now.
Perhaps the most disastrous of all the counterproductive policies of the federal government was the National Industrial Recovery Act under FDR, which set out to do exactly what the politicians today want to do — micro-manage businesses.
Fortunately, the Supreme Court declared that Act unconstitutional, sparing the country an even bigger disaster. …”

http://www.jewishworldreview.com/cols/sowell112508.php3

 

Obama’s Pro-Growth Economic Team?
A liberal-conservative consensus?

By Larry Kudlow

“…Here’s my thought on his team. Summers, Geithner, and Romer will all recommend no tax hikes in a recession. Maybe for Keynesian reasons; maybe a nod to supply-siders. Obama talked about a liberal-conservative consensus. But what’s especially encouraging is the appointment of Ms. Romer, who easily could serve as CEA head in a Republican administration (just like Geithner could have been McCain’s Treasury man).

 

About a year and half ago economist Don Luskin sent me a long article about taxes by Christine and her husband David Romer, who were writing for the National Bureau of Economic Research. From the introduction: “The resulting estimates indicate that tax increases are highly contractionary. . . . The large effect stems in considerable part form a powerful negative effect of tax increases on investment.”

Later in the article, the Romers write: “In short, tax increases appear to have a very large, sustained, and highly significant negative impact on output.”

That’s what makes the Romer appointment so interesting. In fact, there is no question that Obama’s economic team is right of center. All three are market-oriented. They’re also pro-free-trade. Hopefully Summers and Geithner maintain the Robert Rubin King Dollar policy of the Clinton years. And if Ms. Romer can stop tax hikes, that will help the greenback even more.

At a minimum, both Romer and Geithner could have served under Gerald Ford or George H. W. Bush. But they may be more pro-growth than that. Romer’s study of the damage of tax hikes on the economy and her emphasis on investment are right on target. In a New York Times story, a former Treasury colleague of Geithner’s says, “he’s no liberal.” As for Summers, while he has been mau-maued by Democratic feminists and some of the unions, he is a tough, clear-headed thinker who has for years tried to merge Keynesian and supply-side policies. No mean feat.

Now here’s the rub: all this talk about a $700 billion stimulus package. I hate to be the one to pull the plug, but government cannot spend our way into prosperity. The wish list of Democratic spending initiatives includes short-term tax rebates, massive new transportation bills, even more education money, exotic green-technology spending, a big-government embrace of health care, and heaps of cash for UAW-Detroit carmakers. None of that will stimulate economic growth. …”

http://article.nationalreview.com/?q=M2U1ZDA2YTBkYzNhNTA4YWU2YWJmM2U0NzNlZjUwMzI=

 

Press Conference: Obama Chooses Economic Team

 

 

Peter Schiff on Forbes

 

Peter Schiff on Forbes

Economic Failure: 10% Unemployment, 20% Hyper Inflation Martial Law Coming Soon!!

 

Obama Economic Team Comes Together

 

Obamanomics: A Recipe for Disaster!

 

 

Obama’s welfare program and spending bonanza

 

 

OBAMA’s TAX PLAN – Penn & Teller and gang return to comment on Barack Obama’s socialist plans to turn the United States into a Marxist wasteland! ** FEATURING Plumber, Joe Wurzelbacher. *** Vett Barack Obama, NOT Joe the Plumber! ***

 

Gerald Celente on Fox Business predicting revolution, riots and civil unrest in America

 

 

Five most laughable words Obama has spoken as president-elect

By Michelle Malkin  

There’s a lot to choose from, I know. But these five snort-worthy — no, gag-worthy — words from Barack Obama’s radio address over the weekend will be hard to beat:

“A government that spends wisely.”

http://michellemalkin.com/2008/11/24/five-most-laughable-words-obama-has-spoken-as-president-elect/

 

 

Related Posts On Pronk Palisades

Auto Company Bailout On Saturday Night Live–SNL 

The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now! 

Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!

Frederic Bastiat–The Law–Videos

The Sovereign Wealth Fund Threat: Are Chinese Communists Behind Rush In Passing Bailout Bill?

Defeat the Cram Down Bullshit Bailout Bill: Emergency Economic Stabilization Act of 2008

Bailout Bill vs. Rescue Economy American People (REAP) Law

The American People Want A Full Meal Buffett Deal–Not A Bailout!

Stop The Bailout: The American Elites’ Bum Rush of The American People–No Sale!

Obama Bombs Bailout Meeting–Whitehouse Still Standing–McCain Saved By House Republicans

Obama–ACORN–CRA–Congress–Democratic Party–Fannie Mae–Freddie Mac–Bailout–Socialism– Just Say No!

ACORN–Association of Community Organizations for Reform Now–Obama’s Red Shirts 

Thomas Sowell and Conflict of Visions–Videos

Unconstrained Obama vs. Constrained McCain: A Conflict of Visions

Read Full Post | Make a Comment ( 92 so far )

Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!

Posted on November 10, 2008. Filed under: Blogroll, Economics, Energy, Immigration, Links, People, Politics, Quotations, Rants, Resources, Security, Strategy, Talk Radio, Taxes, Video, War | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.” 

~ Frederic Bastiat, The Law

 

President-Elect of United States of America Obama

President-Elect of United States of America Obama

 

Power of the Market – How to Cure Inflation 1

 

 

Power of the Market – How to Cure Inflation 2

 

Power of the Market – How to Cure Inflation 3

 

 

Inflation is the one form of taxation that can be imposed without legislation.

~Milton Friedman

No more bailouts.

Ban them all.

Enough is enough.

In a free enterprise economic system businesses go out of business every day.

New businesses are also started everday.

The management of the auto companies gave into union demands for higher wages, pensions and health care over many years resulting in cars that are no longer price competitive with auto companies that do not have unions.

On the Skids: Are U.S. Automakers Running Out of Time?

 

If the auto industry accepts a government bailout, I will never buy another American car again.

Either compete in the marketplace or go out of business–no bailouts.

Only if you are huge can you go to the Federal government hat in hand and ask for billions of dollars.

Your company may or may not get any money.

If you are a small to even large business, you will not get a dime and you will be lucky to even get a hearing.

Those companies that contribute to political campaigns whether Republican or Democrat due receive special consideration but no guaranntee of a bailout.

Now you know why Obama was getting all those bundled campaign contributions from Wall Street and the auto industry.

If you have a workforce with large unions, you will also get special consideration from the Democratic Party.

Looks like the economy is going into a period of stagflation or a repeat of the Carter years.

No more  bailout government intervention in the economy.

Hyperinflation is the final result of bailout after bailout.

A printing press inflation a la the German Weimar Republic inflation in 1922-1923 is now in the making.

When President Barack Obama calls for wage and price controls like Nixion and Carter you will know for sure that inflation has arrived and they are in panic mode.

The fact that wage and price controls always lead to higher inflation will not matter.

First, they institute the “Fairness Doctrine” to stop free speech on talk radio–to shut you up.

Second, they take your guns–to disarm you.

Third, they take your property–to make you poor and dependent on government.

Fourth, they call out their new national civilian police force if you protest or resist.

Fifth, they will force you to “serve” in one of their corps:

America Serves

“When you choose to serve — whether it’s your nation, your community or simply your neighborhood — you are connected to that fundamental American ideal that we want life, liberty and the pursuit of happiness not just for ourselves, but for all Americans. That’s why it’s called the American dream.”

The Obama Administration will call on Americans to serve in order to meet the nation’s challenges. President-Elect Obama will expand national service programs like AmeriCorps and Peace Corps and will create a new Classroom Corps to help teachers in underserved schools, as well as a new Health Corps, Clean Energy Corps, and Veterans Corps. Obama will call on citizens of all ages to serve America, by setting a goal that all middle school and high school students do 50 hours of community service a year and by developing a plan so that all college students who conduct 100 hours of community service receive a universal and fully refundable tax credit ensuring that the first $4,000 of their college education is completely free. Obama will encourage retiring Americans to serve by improving programs available for individuals over age 55, while at the same time promoting youth programs such as Youth Build and Head Start.

http://change.gov/americaserves/

Obama Poster

Obama Poster

 

Obama to “rule” as president

 

Htiler Youth

 

Triumph of the Will – Hitler Youth Rally 2

 

Seems like the revivial of the Hitler Youth corps in America together with the Sturmabteilung (the SA) or “brownshirts” as a new National Civilian Police force.

The similiarities are “creepy” as in the “creepy cult of personality.”

 

 Obama’s Cult of Personality

 

This is the road to socialism and serfdom.

Sounds like Nazis Germany in 1933.

This was one of the results of the fall of the Weimar Republic.

Chancellor Hitler was also an excellent speaker and very popular with the German people from 1933 to 1942.

Start connecting the dots people.

Obama is a radical socialist and is modeling his socialist movement and related organizations after Hitler’s National Socialism.

He is using the financial crisis as a cover for instituting radical change in America’s institutions.

The American elites are betraying the American people and believe they can control Obama.

Do not bet your life on it.

Many in Germany did and lost their lives.

Where is the adult supervision?

The inmates in Congress, the Whitehouse, and in the courts are running the asylum.

Lawrence G. Hrebiniak: The Mismanagement of America, Inc.

Inflation is another tax on the American people’s savings and investments.

All the Federal government needs to do is keep bailing out their political allies and have the Federal Reserve follow a low interest expansionary monetary policy.

Sooner rather latter inflation results.

The Rise of National Socialism in the United States of America?

Time for more SIN buttons–Stop Inflation Now.

 

 

 

 

 

 

sin1

 

‘Those who cannot remember the past, are condemned to repeat it.’

~George Santayana

 

Chancellor of Germany Hitler

 

 

Martial Law & Economic Disorder with Glenn Beck

 

 

Obama’s Homeland Security Police State

 

Obama’s Homeland Security Police State

 

Auto Industry Won’t Go Down

 

Wall Street “Socialism”, the new moral hazard

 

Ron Paul to Bernanke – Moral hazard of currency devaluation

 

THE NEWSHOUR WITH JIM LEHRER | Paul Solman’s Moral Hazard Pt. 1 | PBS

 

THE NEWSHOUR WITH JIM LEHRER | Paul Solman’s Moral Hazard Pt. 2 | PBS

 

LOL

Bird and Fortune – Financial Adviser

 

No More Bailouts!!!

Nationalizing Detroit

“…A bailout might avoid any near-term bankruptcy filing, but it won’t address Detroit’s fundamental problems of making cars that Americans won’t buy and labor contracts that are too rich and inflexible to make them competitive. As Paul Ingrassia notes nearby, Detroit’s costs are far too high for their market share. While GM has spent billions of dollars on labor buyouts in recent years, they are still forced by federal mileage standards to churn out small cars that make little or no profit at plants organized by the United Auto Workers.

Rest assured that the politicians don’t want to do a thing about those labor contracts or mileage standards. In their letter, Ms. Pelosi and Mr. Reid recommend such “taxpayer protections” as “limits on executive compensation and equity stakes” that would dilute shareholders. But they never mention the UAW contracts that have done so much to put Detroit on the road to ruin. In fact, the main point of any taxpayer rescue seems to be to postpone a day of reckoning on those contracts. That includes even the notorious UAW Jobs Bank that continues to pay workers not to work.

A Detroit bailout would also be unfair to other companies that make cars in the U.S. Yes, those are “foreign” companies in the narrow sense that they are headquartered overseas. But then so was Chrysler before Daimler sold most of the car maker to Cerberus, the private equity fund. Honda, Toyota and the rest employ about 113,000 American auto workers who make nearly four million cars a year in states like Alabama and Tennessee. Unlike Michigan, these states didn’t vote for Mr. Obama.

But the very success of this U.S. auto industry indicates that highly skilled American workers can profitably churn out cars without being organized by the UAW. A bailout for Chrysler would in essence be assisting rich Cerberus investors at the expense of middle-class nonunion auto workers. Is this the new “progressive” era we keep reading so much about?

The car makers say that bankruptcy is unthinkable and “not an option.” And bankruptcy would certainly be expensive, not least for Washington itself, which could be responsible for 600,000 or so retiree pensions through the Pension Benefit Guaranty Corp. In that sense, the bailout is intended to rescue the politicians from having to honor that earlier irresponsible guarantee. But at least that guarantee would be finite. If Uncle Sam buys into Detroit, $50 billion would only be the start of the outlays as taxpayers were obliged to protect their earlier investment in uncompetitive companies. …”

http://online.wsj.com/article/SB122628060458212379.html

Bailout Nation

“…Capitalism is a system of profit and loss. It works because each person and each company, in seeking its own interest, is led “as if by an invisible hand” to supply goods and services that others want. Companies that satisfy consumers prosper. Companies that can’t produce goods that consumers want–like Chrysler, repeatedly–suffer and sometimes go out of business. The failures are often painful. But as Dwight Lee and Richard McKenzie wrote in their book Failure and Progress (or at least in this column based on the book), “Economic failure is to the economy what physical pain is to the body. No one enjoys pain, but without it the body would lack the information needed to maintain its health.” Government subsidies to prevent business failure simply keep pouring money into businesses that are relatively unsuccessful at satisfying consumer desires. They are, among other things, censorship of vitally needed information. Employees, entrepreneurs, and investors need to know where their money and talent are most valuable. Profits and losses are key indicators of that.

When businesses make bad decisions, they should suffer economic losses. That’s how we keep the system honest and productive. Caroline Baum of Bloomberg points out that the bailout for subprime borrowers involved helping people to stay in homes that they couldn’t afford, in many cases because they misled lenders or connived with lenders who knew they could package and resell bad mortgages. When governments make bad decisions, they should not pour good money after bad. Instead, they should try to repeal burdensome regulations, privatize functions that ought to be private, and be willing to sell purchases they shouldn’t have made, even at a loss.

Plenty of people had warned about the problems of Fannie Mae and Freddie Mac. As Arnold Kling notes in a new Cato Briefing Paper, the current crisis ” may have been the most avoidable financial crisis in history.” Treasury Secretary Larry Summers was one of those Cassandras back in 1999. So was Lawrence J. White in a 2004 Cato Policy Analysis calling for privatization, or failing that, a clear removal of the federal guarantee for the two companies. Instead, Congress and successive administrations continued to push Fannie and Freddie to get bigger and to buy mortgages that were in clear jeopardy of default. And now, having created this crisis, the federal government proposes not to wind down the overextended companies but to take them over so they can get all the benefits of crack federal financial management. Kling proposes a better exit strategy. …”

http://www.cato-at-liberty.org/2008/09/08/bailout-nation/

 

Moral harzard

Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. Moral hazard arises because an individual or institution does not bear the full consequences of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to bear some responsibility for the consequences of those actions. For example, an individual with insurance against automobile theft may be less vigilant about locking his or her car, because the negative consequences of automobile theft are (partially) borne by the insurance company.

Moral hazard is related to information asymmetry, a situation in which one party in a transaction has more information than another. The party that is insulated from risk generally has more information about its actions and intentions than the party paying for the negative consequences of the risk. More broadly, moral hazard occurs when the party with more information about its actions or intentions has a tendency or incentive to behave inappropriately from the perspective of the party with less information.

A special case of moral hazard is called a principal-agent problem, where one party, called an agent, acts on behalf of another party, called the principal. The agent usually has more information about his or her actions or intentions than the principal does, because the principal usually cannot perfectly monitor the agent. The agent may have an incentive to act inappropriately (from the viewpoint of the principal) if the interests of the agent and the principal are not aligned. 

http://en.wikipedia.org/wiki/Moral_hazard

 

Inflation in the Weimar Republic

“In economics, hyperinflation is inflation that is “out of control”, a condition in which prices increase rapidly as a currency loses its value. Formal definitions vary from a cumulative inflation rate over three years approaching 100% to “inflation exceeding 50% a month.” In informal usage the term is often applied to much lower rates. As a rule of thumb, normal inflation is reported per year, but hyperinflation is often reported for much shorter intervals, often per month.

The definition used by most economists is “an inflationary cycle without any tendency toward equilibrium.” A vicious circle is created in which more and more inflation is created with each iteration of the cycle. Although there is a great deal of debate about the root causes of hyperinflation, it becomes visible when there is an unchecked increase in the money supply or drastic debasement of coinage, and is often associated with wars (or their aftermath), economic depressions, and political or social upheavals. …”

 

“…Although the inflation decreased with the introduction of the Rentenmark and the Weimar Republic continued for a decade afterwards, hyperinflation is widely believed to have contributed to the Nazi takeover of Germany. Adolf Hitler himself in his book, Mein Kampf, makes many references to the German debt and the negative consequences that brought about the “necessity” of National Socialism. The inflation also raised doubts about the competence of liberal institutions, especially amongst a middle class who had held cash savings and bonds. It also produced resentment of Germany’s bankers and speculators, many of them Jewish, whom the government and press blamed for the inflation.[5] …” 

http://en.wikipedia.org/wiki/Inflation_in_the_Weimar_Republic

 

Hyperinflation in Germany, 1914-1923

Daily Article by

“…The German inflation of 1914–1923 had an inconspicuous beginning, a creeping rate of one to two percent. On the first day of the war, the German Reichsbank, like the other central banks of the belligerent powers, suspended redeemability of its notes in order to prevent a run on its gold reserves.

Like all the other banks, it offered assistance to the central government in financing the war effort. Since taxes are always unpopular, the German government preferred to borrow the needed amounts of money rather than raise its taxes substantially. To this end it was readily assisted by the Reichsbank, which discounted most treasury obligations.

A growing percentage of government debt thus found its way into the vaults of the central bank and an equivalent amount of printing press money into people’s cash holdings. In short, the central bank was monetizing the growing government debt.

By the end of the war the amount of money in circulation had risen fourfold and prices some 140 percent. Yet the German mark had suffered no more than the British pound, was somewhat weaker than the American dollar but stronger than the French franc. Five years later, in December 1923, the Reichsbank had issued 496.5 quintillion marks, each of which had fallen to one-trillionth of its 1914 gold value.[1]  …”

http://mises.org/story/2347 

 

Adolf Hitler

“Adolf Hitler (20 April 1889 – 30 April 1945) was an Austrian-born politician who was elected to lead the National Socialist German Workers Party (Nationalsozialistische Deutsche Arbeiterpartei NSDAP), the Nazi Party. He was Chancellor of Germany (1933–1945) and Führer und Reichskanzler of Germany (1934–1945).

Hitler was a decorated veteran of World War I who led the Nazi Party in Weimar Germany. Following his imprisonment after a 1923 failed coup, he gained support by promoting nationalism, antisemitism and anti-communism with charismatic oratory and propaganda. The Nazis executed or assassinated many of their opponents, restructured the state economy, rearmed the armed forces and established a totalitarian and fascist dictatorship. Hitler pursued a foreign policy with the declared goal of seizing Lebensraum (“living space”). The German invasion of Poland in 1939 caused the British and French Empires to declare war on Germany, leading to the outbreak of World War II in Europe.[3]

The Axis powers occupied most of continental Europe and parts of Asia and Africa until defeated by the Allies. By 1945, Germany was in ruins. Hitler’s bid for territorial conquest and racial subjugation caused the deaths of 43 million people, including the systematic genocide of an estimated six million Jews as well as various additional “undesirable” populations in what is known as the Holocaust.

During the final days of the war in 1945, as Berlin was being invaded by the Red Army, Hitler married Eva Braun.[4] Less than 24 hours later, the two committed suicide in the Führerbunker. …”

Nazi Party Election Results
Date Votes Percentage Seats in Reichstag Background
May 1924 1,918,300 6.5 32 Hitler in prison
December 1924 907,300 3.0 14 Hitler is released from prison
May 1928 810,100 2.6 12  
September 1930 6,409,600 18.3 107 After the financial crisis
July 1932 13,745,800 37.4 230 After Hitler was candidate for presidency
November 1932 11,737,000 33.1 196  
March 1933 17,277,000 43.9 288 During Hitler’s term as Chancellor of Germany

“…Removal of remaining limits

With this combination of legislative and executive power, Hitler’s government further suppressed the remaining political opposition. The Communist Party of Germany and the Social Democratic Party (SPD) were banned, while all other political parties were forced to dissolve themselves. Finally, on 14 July, the Nazi Party was declared the only legal party in Germany. Labour unions were merged with employers’ federations into an organisation under Nazi control, and the traditional autonomy of German state governments was abolished.

Hitler also used the SA paramilitary to push Hugenberg into resigning, and proceeded to politically isolate Vice-Chancellor Papen. Because the SA’s demands for political and military power caused much anxiety among military leaders, Hitler used allegations of a plot by the SA leader Ernst Röhm to purge the SA’s leadership during the Night of the Long Knives. Opponents unconnected with the SA were also murdered, notably Gregor Strasser and former Chancellor Kurt von Schleicher.[48]

President Paul von Hindenburg died on 2 August 1934. Rather than holding new presidential elections, Hitler’s cabinet passed a law proclaiming the presidency dormant and transferred the role and powers of the head of state to Hitler as Führer und Reichskanzler (leader and chancellor). Thereby Hitler also became supreme commander of the military, whose officers then swore an oath not to the state or the constitution but to Hitler personally.[49] In a mid-August plebiscite, these acts found the approval of 84.6% of the electorate.[50] This action technically violated both the constitution and the Enabling Act. The constitution had been amended in 1932 to make the president of the High Court of Justice, not the chancellor, acting president until new elections could be held. The Enabling Act specifically barred Hitler from taking any action that tampered with the presidency. However, no one dared object. With this action, Hitler effectively removed the last remedy by which he could be dismissed from office—and with it, all checks and balances on his power.

In 1938, Hitler forced the resignation of his War Minister (formerly Defense Minister), Werner von Blomberg, after evidence surfaced that Blomberg’s new wife had a criminal past. Hitler replaced the Ministry of War with the Oberkommando der Wehrmacht (High Command of the Armed Forces, or OKW), headed by General Wilhelm Keitel. More importantly, Hitler announced he was assuming personal command of the armed forces. He took over Blomberg’s other old post, that of Commander-in-chief of the Armed Forces, for himself. He was already Supreme Commander by virtue of holding the powers of the president. The next day, the newspapers announced, “Strongest concentration of powers in Führer’s hands!” Many experts believe that it was at this point that Hitler became absolute dictator of Germany. It can, however, be argued that he became absolute dictator four years earlier with his assumption of the president’s powers. …” 

http://en.wikipedia.org/wiki/Adolf_Hitler 

 

Hitler Youth

 

“…The Hitler Youth (German: Hitler-Jugend  , abbreviated HJ) was a paramilitary organization of the Nazi Party. It existed from 1922 to 1945. The HJ was the second oldest paramilitary Nazi group, founded one year after its adult counterpart, the Sturmabteilung (the SA). …”

“…The HJ was organized into corps under adult leaders, and the general membership comprised boys aged fourteen to eighteen. From 1936, membership of the HJ was compulsory for all young German men. The HJ was also seen as an important stepping stone to future membership of the elite Schutzstaffel (the SS). Members of the HJ were particularly proud to be bestowed with the single Sig Rune (victory symbol) by the SS. The SS utilized two Sig Runes as their mark, and this gesture served to symbolically link the two groups.

The HJ was organized into local cells on a community level. Such cells had weekly meetings at which various Nazi doctrines were taught by adult HJ leaders. Regional leaders typically organized rallies and field exercises in which several dozen Hitler Youth cells would participate. The largest HJ gathering usually took place annually, at Nuremberg, where members from all over Germany would converge for the annual Nazi Party rally.

The HJ maintained training academies comparable to preparatory schools. They were designed to nurture future Nazi Party leaders, and only the most radical and devoted HJ members could expect to attend.

The HJ also maintained several corps designed to develop future officers for the Wehrmacht. The corps offered specialist pre-training for each of the specific arms for which the HJ member was ultimately destined. The Marine Hitler Youth, for example, was the largest such corps and served as a water rescue auxiliary to the Kriegsmarine[citations needed].

Another branch of the HJ was the Deutsche Arbeiter Jugend – HJ (German Worker Youth – HY). This organization within the Hitler Youth was a training ground for future labor leaders and technicians. Its symbol was a rising sun with a swastika.

The Hitler Youth regularly issued the Wille und Macht (Will and Power) monthly magazine. This publication was also its official organ and its editor was Baldur von Schirach.[3] Other publications included Die Kameradshaft (Comradeship), which had a girl’s version for the BDM called Mädelschaft, and a yearbook called Jungen eure Welt (Youth your World).[4] …”

Hitler Youth Poster

Hitler Youth Poster

 

http://en.wikipedia.org/wiki/Hitler_Youth 

 

CHANGING OF THE GUARD
Web faux pas: Plan leaked for ‘civilian security force’?
Before blogs caught it, Obama site told of requiring students to serve

“…The official website of President-Elect Barack Obama , Change.gov, originally announced that Obama would “require” all middle school through college students to participate in community service programs; but after a flurry of blogs protested children being drafted into Obama’s proposed youth corps, the website’s wording was softened.

 

 

Originally, under the tab “America Serves” Change.gov read, “President-Elect Obama will expand national service programs like AmeriCorps and Peace Corps and will create a new Classroom Corps to help teachers in under served schools, as well as a new Health Corps, Clean Energy Corps, and Veterans Corps.

“Obama will call on citizens of all ages to serve America, by developing a plan to require 50 hours of community service in middle school and high school and 100 hours of community service in college every year,” the site announced.

The language of requiring students to serve and the creation of a “Classroom Corps” sparked a surge of criticism from bloggers for bringing back memories of the much-publicized video of marching Obama youth and Obama’s “civilian national security force,” which the candidate said in July would be just as powerful and well-funded as the U.S. military. …”

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=80539

 

Overlord Obama is ready to “rule;” arrives at his palace

By Michelle Malkin  

obama_vadar

 

Other presidents have stepped up to “lead,” “serve,” and “govern.”

Not Barack Obama. He is ready to “begin to rule on Day One,” sayeth Obama minion Valerie Jarrett. …”

http://michellemalkin.com/2008/11/10/overlord-obama-is-ready-to-rule/

 

AIG uses my money to tell me how taking more of my money is good for me

By Michelle Malkin  

“…In the dark of night last night, the Bush administration and AIG hammered out a plan to confiscate more of my money and yours For The Good Of The Economy. The first $85 billion didn’t work. The next $38 billion work. So let’s throw more bad money after bad! Who needs Obama? Like I’ve said repeatedly over the last year, statism and socialism are here and now. Via WSJ:  

 http://michellemalkin.com/2008/11/10/aig-uses-my-money-to-tell-me-how-taking-more-of-my-money-is-good-for-me/

Bailout Politics
The Congressional Dems who enabled this crisis are now being trusted to fix it?By Thomas Sowell

“…Fannie Mae and Freddie Mac do not deserve to be bailed out, but neither do workers, families and businesses deserve to be put through the economic wringer by a collapse of credit markets, such as occurred during the Great Depression of the 1930s.

Neither do the voters deserve to be deceived on the eve of an election by the notion that this is a failure of free markets that should be replaced by political micro-managing.

If Fannie Mae and Freddie Mac were free market institutions they could not have gotten away with their risky financial practices because no one would have bought their securities without the implicit assumption that the politicians would bail them out.

It would be better if no such government-supported enterprises had been created in the first place and mortgages were in fact left to the free market. This bailout creates the expectation of future bailouts.

 

Phasing out Fannie Mae and Freddie Mac would make much more sense than letting politicians play politics with them again, with the risk and expense being again loaded onto the taxpayers. …” 

http://article.nationalreview.com/?q=OWE3OWU3OTExYzNlNTUzMzY2YmJmOWZjMzcwN2M1NjU=

 

Did the Obama Campaign Promise Media Companies Bailout Money For Positive Press?

“…The NYT’s debt has been downgraded to junk bond status.The Tribune Company has debt financing troubles. If banks,insurance companies,and car companies can loot the taxpayers because they’d paid off the right politicians: why shouldn’t we expect the media companies to do the same? The overt bias of the media,this campaign cycle,seems much more than liberal reporters air brushing Obama’s past.Has the Obama campaign promised the media companies taxpayer dollars for good coverage? Just in case you think what I written here is crackpot musings,GE the parent company of NBC,MSNBC,and CNBC is getting bailout money.A free press is only possible with the free market in goods and services which implies a healthy respect for property rights.Companies that take bailout money aren’t concerned with free speech or property rights.Something to think about as freedom gets extinguished.Just how independent can a news organization be when they are on the pad of the federal government? …”

http://nalert.blogspot.com/2008/10/did-obama-campaign-promise-media.html

 

Winners and Sinners

“…When President Ford began sporting his lapel button proclaiming WIN (for Whip Inflation Now), a Miami entrepreneur named Marvin D. Baida was quick to see the possibilities. But when he tried to peddle WIN pins for a quarter each, there were few takers. Then Baida had an inspiration: he started selling a 25¢ button that declared SIN (for Stop Inflation Now). The public took to SIN instantly: 60,000 pins have been ordered, and Baida has branched out into T shirts and bumper stickers (HONK IF YOU WANT TO SIN). …”

http://www.time.com/time/magazine/article/0,9171,945281,00.html?iid=digg_share

 

The Neglected Home Front

From Foreign Affairs

“…The Federal Reserve describes itself as a system that is “independent within the government.” This means it must work within the overall objectives established by Congress, but its decisions do not have to be ratified by the president or anyone else in the executive branch. This level of independence is justified as both a check on executive power and as a way to manage the risk that decisions directly affecting the operation of the marketplace might become dangerously politicized. The case for a similar approach to homeland security is compelling. In both instances, the goal is to better align commercial interests with public interests.

The overall thrust of this proposed FSRS is to create a participatory system that does not unrealistically rely on the activities of federal agencies. By using the Federal Reserve as a template for enlisting expertise beyond Washington, the United States can achieve a middle ground between placing the fate of critical networks entirely in the hands of overworked federal authorities and relying on a laissez-faire approach that provides no protection.

This, admittedly, is an ambitious proposal. But now is not a time for timidity. Nor is it a time for persisting with an outmoded national security framework, designed for a different enemy in a century gone by. Americans must demand that their government put in place the kind of structure that widens the breadth and quality of civic participation in making the United States safe. And the entire nation, not just the national security establishment, must be organized for the long, deadly struggle against terrorism.”

http://www.foreignaffairs.org/20040901faessay83504-p40/stephen-e-flynn/the-neglected-home-front.html

 

Stephen E. Flynn

Stephen E. Flynn is the Jeane J. Kirkpatrick Senior Fellow in National Security Studies at the Council on Foreign Relations.

Flynn is a retired U.S. Coast Guard commander and foremost expert on homeland security and border control, director of the Council’s Hart-Rudman Task Force on Homeland Security. Flynn’s expertise is in homeland security, transportation security, border control; international crime and the drug trade.

“Dr. Flynn serves as the principal adviser to the bipartisan congressional Port Security Caucus. In his position at the Council on Foreign Relations, Dr. Flynn directs a project on terror and the unprotected homeland. He served as director of the Office of Global Issues, National Security Council, … and the White House Office of Emergency Operations. …Earlier, he served as guest scholar and project co-director of the Foreign Policy Studies Program at the Brookings Institution and as adjunct fellow and project director of the Political-Military Program and the Americas Program at the Center for Strategic and International Studies[1]  …”

http://www.sourcewatch.org/index.php?title=Stephen_E._Flynn

 

Stephen E. Flynn

Ira A. Lipman Senior Fellow for Counterterrorism and National Security Studies

Stephen E. Flynn

Stephen E. Flynn

 

 

 

 

 

 

 

“…Author of The Edge of Disaster: Rebuilding a Resilient Nation (2007) and America the Vulnerable (2004). Former adviser on homeland security for the U.S. Commission on National Security (Hart-Rudman Commission) and retired Coast Guard officer. Researches and writes on issues related to homeland security.

Expertise:

Catastrophic terrorism; emergency preparedness; critical infrastructure protection;trade and transportation security; and border control modernization. …”

http://www.cfr.org/bios/3301/stephen_e_flynn.html

 

This is how liberty dies

 

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