MONEY: Fiat versus commodity; we’re not free to choose!

http://www.amconmag.com/article/2009/feb/09/00016/

Fed Up
The popular uprising against central banking
By Thomas E. Woods Jr.

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Under a commodity standard, people could save for the future by accumulating gold and silver coins. The coins’ value appreciated over time because of their natural increase in purchasing power, as the relatively slow increase in the production of precious metals was outpaced by the much faster increase in the production of other goods and services. Today, only a fool would try to save for the future by piling up dollar bills. Everyone is forced to enter the financial markets, which are risky even for knowledgeable investors, in order to prevent the value of his retirement savings from vanishing before his eyes.

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A timeless indictment of the Fed and its fiat money!

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RANT: House Democrats propose $410B spending bill

http://finance.yahoo.com/news/House-Democrats-propose-410B-apf-14450221.html

House Democrats propose $410B spending bill

House bill to keep govt. running totals $410 billion, features thousands of pet projects

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WASHINGTON (AP) — House Democrats unveiled a $410 billion spending bill on Monday to keep the government running through the end of the fiscal year, setting up the second political struggle over federal funds in less than a month with Republicans.

The measure includes thousands of earmarks, the pet projects favored by lawmakers but often criticized by the public in opinion polls. There was no official total of the bill’s earmarks, which accounted for at least $3.8 billion.

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Has everyone in the District of Corruption lost their mind?

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POLITICAL: A minor oversight? Hogs at the public trough

http://www.washingtontimes.com/news/2009/feb/23/congress-will-investigate-postmasters-pay/

Postmaster’s pay to be probed
Raises, bonuses mount while service struggles
Jim McElhatton (Contact)
Monday, February 23, 2009

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Congress will hold a hearing next month into why Postmaster General John E. Potter has gotten a nearly 40 percent pay raise since 2006 and was awarded a six-figure incentive bonus last year, even as the U.S. Postal Service faces a multibillion-dollar shortfall that threatens a day of mail delivery.

Postmaster General John E. Potter received a compensation package totaling more than $800,000 for fiscal 2008.

“Last year, the Postal Service took a loss of nearly $3 billion and recommended that the public take austere cuts in service to allow it to operate, including cutting a day of mail delivery and raising the price of stamps,” Rep. Stephen F. Lynch, Massachusetts Democrat, said Friday.

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Didn’t Congress and the President limit executive compensation of all those who took Federal bailout money?

Guess they just forgot this political, and all, political hacks.

What about Amtrak?

It’s all a giant joke!

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