Economics

Thursday, October 2, 2008

KILLBILL - TARP Same bailout plan with lipstick on it - Defazio

Paulson is wrong again!

Henry Paulson: Economy Czar

I wouldn't trust Henry Paulson with my checking account. Would you trust Paulson?

This is a good article from the MSM. I don't have high praise for the MSM, but I think that they probably realize by now that most people feel the same way. However, there may be hope for them after all:

http://www.cnn.com/2008/POLITICS/10/01/beck.future/index.html

Dick Armey Discusses the Dodd/Frank Bailout Bill

Dick Armey gives a good explaination of the bailout problem:

The Real Reason for the Bailout

Foreign investors are being bailed out!

Wednesday, October 1, 2008

Jim Rogers - Fannie Mae / Freddie Mac / US Federal Reserve

Jim Rogers understands this problem very clearly:

HR 3221: The Housing Bailout Bill

Is he right?

Critical Thinking

"When buying and selling are controlled by the legislature; the FIRST thing that will be bought and sold IS the legislature..."

"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance." (Charles Lindbergh)

"The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of colonists to get power to issue their own money permanently out of the hands of George the III and the international bankers was the PRIME reason for the Revolutionary War." (Benjamin Franklin)

“Banking was conceived in iniquity and born in sin. Bankers own the earth; take it away from them but leave them with the power to create credit, and, with a flick of the pen, they will create enough money to buy it all back again. Take this power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this world would be a happier and better world to live in. But if you want to be slaves of bankers and pay the cost of your own slavery, then let the bankers control money and control credit.” (Lord Stamp, Director of the Bank of England, 1940)

In 1797, John Adams wrote to Thomas Jefferson, "All the perplexities, confusion and distress in America arise, not from defects of the Constitution or Confederation; not from any want of honor or virtue, as much as downright ignorance of the nature of coin, credit and circulation."

“If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.” (Thomas Jefferson)

“I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” (Thomas Jefferson)

Economics

Freedom Blogs

Economics

Thursday, October 2, 2008

KILLBILL - TARP Same bailout plan with lipstick on it - Defazio

Henry Paulson: Economy Czar

Paulson is at it again!

America's Chilling Future

Dick Armey Discusses the Dodd/Frank Bailout Bill

The Real Reason for the Bailout

Wednesday, October 1, 2008

Jim Rogers - Fannie Mae / Freddie Mac / US Federal Reserve

HR 3221: The Housing Bailout Bill

Should the Federal Reserve be abolished?

Blog Archive

Critical Thinking