Day: January 25, 2012

MONEY: Kill the FED; save the Republic

Published on by reinkefjLeave a comment

http://www.pittsburghlive.com/x/pittsburghtrib/opinion/s_777634.html

Kill the FedBy Eric Heyl, PITTSBURGH TRIBUNE-REVIEWSaturday, January 21, 2012
Read more: Kill the Fed – Pittsburgh Tribune-Review

*** begin quote ***

John Allison is the former chairman and CEO of BB&T, the nation’s 10th-largest financial holding company. He was named one of the 100 most successful CEOs by the Harvard Business Review and since 2009 has been on the Wake Forest University Schools of Business faculty as Distinguished Professor of Practice.

*** and ***

Q: In the long term, what do you think should be done with the Fed?

A: If I were in charge, I would get rid of the Fed. I believe that as long as the Fed exists, Congress can effectively print money. And it doesn’t matter whether they are Democrats or Republicans, they would rather print money than tax people. They want to spend because that effectively buys votes, and they don’t want to tax people because that loses votes.

I think the Fed provides the temptation for massive government deficits. If the federal government couldn’t print money, it would have to have better financial discipline than it has today.

*** end quote ***

Vote Ron Paul.

There’s no other candidate on the horizon that understands or articulates that the FED is the problem.

It gives the duopoly — the D’s and the R’s are two sides of the same coin intended to give “We, The Sheeple” the illusion of a choice — an unlimited checkbook to borrow and spend.

# – # – # – # – #

FUN: Of Bankers and Ship Captains

Published on by reinkefjLeave a comment

Of Bankers and Ship Captains: “The same was true of engineers during the Roman era. If they built a bridge that fell down, the people who paid for it were out a considerable amount of money. So the engineers were required to stand under the bridge when the scaffold was taken away. If the bridge failed, the engineer was toast.”

# – # – # – # – #

I never heard that one. Someone is pulling my leg?

# – # – # – # – #  2012-Jan-25 @ 13:55

INTERESTING: Paradigm shift — the Praetorian Class

Published on by reinkefjLeave a comment

http://lewrockwell.com/orig12/kofod2.1.1.html

The Rise of the Praetorian Class
by Pete KofodCasey Research

*** begin quote ***

Legions and Lictors – the Praetorian Class

The Praetorian Class includes members of the Armed Services, federal, state and local law enforcement personnel as well as numerous militarized officials including agents from the DEA, Immigrations, Customs Enforcement, Air Marshalls, US Marshalls, and more. It also includes, although to a lesser extent, various stage actors in the expanding security theater such as TSA personnel. The main mission of the Praetorian Class is to keep the order of the day. This requires displaying an intimidating presence in their interactions with the Economic Class.

*** end quote ***

Hmm, very profound statement of the meme — Political Class oppresses Economic Class with the Praetorian Class.

Certainly, a paradigm shift!

Explains a lot about why us in the Economic Class are losing our freedom.

Argh!

Might be too late to reverse this trends.

Time to nuke the TSA.

# – # – # – # – #