FUN: Chuck Woolery discusses which sacred government programs

Tuesday, November 29, 2011

http://youtu.be/XQa0eqABWAg

Chuck Woolery discusses crazy budget cuts

Uploaded by SaveUsChuckWoolery on Nov 28, 2011

Game show legend Chuck Woolery discusses which sacred government programs should be saved from the budget cuts.

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ROFL! Sad that these are true programs!

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INTERESTING: Abandoned Water Parks versus houses for people

Tuesday, November 29, 2011

http://www.environmentalgraffiti.com/urban-exploration/news-10-creepiest-abandoned-water-parks-earth

Eerie, Abandoned Water Parks

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Interesting in that this is the “malinvestment” that the Austrian School of Economics talks about.

Look at the lost “wealth” in those pictures.

(For those that skipped eckynomics in Gooferment Skrules, those “water parks” might have been “houses”. See the problem?)

Clearly, the free market, where someone risks their own money on an idea, is the best way to minimize the mistakes.

One problem, that Ron Paul points out on the national stage, is the “Federal Reserve System”. It engages in all sorts of non-free market activities that leads directly to those water parks aka malinvestments. The manipulation of interest rates denies the free market critical information about how much investment versus consumption is optimum.

Argh!

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MONEY: Fat cats surely want to keep the FED secrets; vote Ron Paul

Tuesday, November 29, 2011

http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html

Secret Fed Loans Helped Banks Net $13 Billion
By Bob Ivry, Bradley Keoun and Phil Kuntz – Nov 27, 2011 7:01 PM ET
Bloomberg Markets Magazine

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Nov. 28 (Bloomberg) — Bloomberg Markets magazine’s January issue examines how the Federal Reserve and big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. And how bankers failed to mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. (Source: Bloomberg)

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.

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Argh!

Clearly, “We, The Sheeple” have no idea how badly they are being screwed!

Ron Paul’s demand to audit the Fed is the first step to cleaning the stable.

Naturally the crony capitalists don’t want their perfidy to be exposed.

“Central Banking” has long be criticized as a banking cartel that’s run, like OPEC is for the oil producers, for the benefit of the bankers.

It’ll take some smart thinking to unwind this disaster. We have to begin with the audit. Everyone needs to know how deep a hole we are in. Like the debt, deficit, and out-of-control spending, the journey of trillions of dollars starts with the first step.

After all, what is a “dollar”?

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