POLITICAL: Nuke the FED!

Monday, November 3, 2008

http://www.lewrockwell.com/rockwell/austrian-econ-more-than-ever.html

Why Austrian Economics Matters More Than Ever
by Llewellyn H. Rockwell, Jr.

*** begin quote ***

Abolishing the Fed would put a huge brake on the planning state. Without the ability to expand the money supply at will, the federal government would become about as threatening as state or local government. That is to say, the federal government would still be an intolerable imposition on life, liberty, and property. But we wouldn’t be worrying about hyperinflation, large scale bubbles in specific sectors, crazy business cycles, trillion-dollar bailouts, controls that reach into every nook and cranny of our lives, a cradle to grave welfare state, or a global empire that invades any and every country at will, and makes America the enemy to whole regions of the world.

That’s only the beginning of what the end of the Fed would mean. It would dramatically change the political culture in this country. Bureaucracies would tumble. Trade would stabilize. The investment-risk calculus would accord with the free market. The left could no longer live out its pipe dreams of socialist utopia at our expense. The right would have to give up its wacky notion of a world police state. The power ambitions of whole sectors of society would be scaled back.

The state is always and everywhere a danger, even when it has no monopoly on money and no printing press that can create money tickets at will. But a state with the ability to make its own money is a grave and relentless threat to prosperity and freedom. It leaves the future entirely to the discretion of the money managers. Every day we live under the threat that the US could be the next Weimar Republic or even another Zimbabwe. All that stands between us and that day is the wisdom and prudence of the Fed.

*** end quote ***

There was a fundamental shift in America that was done without the People even being aware of the terrible path they were being taken down.

With the financial meltdown (i.e., criminal collusion between Congress and Wall Street), it seems like an appropriate time to put the Fed out of business.

It’s un-American!

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POLITICAL: Are elections important where there is no choice?

Monday, November 3, 2008

http://www.lifetrekcoaching.com/current/

PROVISION #589 (11/02/08): ELECTION ENERGY

>You’re also participating in that great movement called democracy. The opposite of democratic
>is not republican; the opposite of democratic is aristocratic. “Democratic” means rule of the
> people, the “demos” in Greek, while “aristocratic” means rule of the best, the “aristos”.

You have got to be kidding. This is a joke. Right? You can’t be serious. This is what the Founding Fathers feared most; the inflamed passions of the mob.

Sorry, given today’s education system, which is right out of the Socialist Horace Mann’s playbook, we have functionally illiterate people picking based on TV. I’ve got more respect for “Dancing with the Stars” election process than I do “the gooferment’s one”. (Have you seen the mechanics of voting?) Mann wanted an education system to create good factory workers and soldiers for the army. People who were easily lead by the elite.

See any elite in this election?

I sure do!

Sarah is the only wild card in the deck. And, at least she has some demonstrated executive ability. She is probably the most qualified of all of them. At least she hasn’t been in Washington DC at all.

No, this isn’t about an Athenian democracy. Or Plato’s “Republic”. This is about “manipulation”. Yes, you did see raw intelligent passion as folks came out for Ron Paul. There was a TRUE choice. A completely different path! Hopeless; throwing themselves against the entrenched elites of the Republican Party. Mao said “All power comes from the end of a gun”. He was dead on.

We have an American because some Dead Old White Guys stood up to the entrached power elite and said “hell, no!” and were willing to die for their liberty. We’ve seen from time to time that fighting spirit come out — the Second American Revolution aka the War of Norther Aggression aka the Civil War (there’s a misnomer).

The elite allows “elections” on the hope that the sheeple will carry on the illusion of “their government”. In fact, it is a fraud. Your friend was absolutely right there’s no difference between the two “parties”. In the election that you abhor the Supreme Court deciding, there was only two choices the Harvard guy with the blue tie and the Harvard guy with the red tie. They are so much alike I can even remember who wore what!

No, the whole thing is a farce! Except at the end of it, the gooferment kills. It kills with its diversion of our attention to REAL problems. To the real loss of liberty here at home and abroad. Eventually, the chickens do come home to roost.

At some point in time, the oppressed decide that they are tired of “the shit end of the stick”. They look at their lot in life and make a decision to say “enuf”! If we are lucky, it’s relatively peaceful like Ghandi, the Polish Soladarity, or the Russian Communism collapse. If we are not, it’s bloody like the French Revolution, Mao taking China Communicst, North Korea, Nazi Germany.

I fear we are merely traveling the road that ends in disaster. Election, or not. When you have Socialism, whether it be from a Democrat or a Republican, that takes an ever increasing percentage of wealth and earnings, while one’s accumulated wealth is inflated away, you have the focus point of revolution. At some point, even American’s will say “enuf”?

Can’t tell you at what point exactly that is. When the taxes so much, that survival is in doubt? When a life’s savings are stolen? When the insame gooferment diktats about drugs have half the people in prison? When the unemployment is 50%? When the dollar ceases to be the reserve currency and we have a Zimbabwe inflation? When Hispanics become the dominent race here in America? If Obama loses and half the people think the other half are racists? If McCain loses and half the people think the other half are Marxist Communist Socialists?

Eventually, all gooferments get around to killing their citizens. Like the JPFO says: “Frist comes disarmament; then genocide.” We will have a “vote” then. I pray it’s Ghandi-like. But, I’m not so sure of that. I do know that “cold dead hands” will decide the issue eventually. Not ballots.

Peace,
fjohn

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POTUS08: FLASH! Obama calls me “selfish”!

Saturday, November 1, 2008

http://tinyurl.com/6dm767

Political Punch
Power, pop, and probings from ABC News Senior National Correspondent Jake Tapper
October 31, 2008 10:58 AM

*** begin quote ***

“John McCain and Sarah Palin they call this socialistic,” Obama continued. “You know I don’t know when, when they decided they wanted to make a virtue out of selfishness.”

*** end quote ***

Well, that tears it! It’s all out in the open now. His stealth campaign is unmasked.

Think it’s just big gooferment; you’re selfish.

<shaking my head at the hubris of the socialists>

Argh!

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MONEY: Potentially a raid on your 401K?

Monday, October 27, 2008

http://www.wnd.com/index.php?fa=PAGE.view&pageId=79168

Democrats target your 401(k)

Posted: October 27, 2008 1:00 am Eastern

Roger Hedgecock is the longtime top-rated radio talk host in San Diego, Calif., on KOGO and, more recently, a nationally syndicated Saturday radio host heard already in 47 markets and on XM Satellite.

*** begin quote ***

Democrats plan to tap your private retirement plan to fund Barack Obama’s many promises to expand the power and size of the federal government.

Your pre-tax annual contribution to a 401(k) will be taxed under a plan considered by House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim McDermott, D-Wash., chairman of the House Ways and Means Subcommittee on Income Security and Family Support.

*** and ***

They would eliminate the annual tax deferral for 401(k) contributions, which reduces federal revenues by about $80 billion per year. Instead, they propose that the federal government pay every worker $600 per year (inflation adjusted each year) and require every worker to invest 5 percent of their after-tax pay into a new retirement account to be administered by the Social Security Administration. The money would be invested in a new class of government bond which would yield 3 percent per year, adjusted for inflation.

This plan was originally proposed by Theresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, and presented to Miller and McDermott last week at a House hearing.

These liberal Democrats thought the plan ingenious. They could take over the largest pool of private savings in the U.S., redirecting some $3 trillion to government spending.

*** end quote ***

This is scary stuff. Need to look for more details.

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POLITICAL: Last night’s “debate”

Thursday, October 16, 2008

We are in for a rough road!

Anyone remember Clinton’s promise to lower taxes? Who’s more likely to lower taxes? Certainly not O.

Anyone remember that corporations do NOT pay taxes? They just pass them along.

O, flat out, lied about Infantacide! Reminded me of Clinton parsing the word ‘is’!

McC will give us nuke power; just like France and the Navy. That’ll take us a long way to energy independence.

Doesn’t anyone else feel that O is an empty suit. The guy doesn’t have ANY qualifications. Zero! Of all them, only Palin has ever actually run anything!

Didn’t anyone find it humorous that O refers to Biden’s foreign policy experience? Is the ticket upside down?

Finally, it all boils dow to who do you trust. O with his Chicago corruption machine, some strange bedfellows, and the usual democratic special interests (i.e., tort lawyers, teacher’s union, assorted left wing loons). Or the cranky old guy from the last generation.

Both are socialists. Both won’t be able to do much. But, whose ‘much’ do you want.

Batten down your “financial hatches”. I think we are going to have another Carter.

Argh!

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RANT: It’s not an “economy” failure, nor a “free market” failure. It’s a “political” failure!

Saturday, October 11, 2008

On Oct 10, 2008, at 10:08 PM, P wrote:

*** begin quote ***

From: “Chuck & Joyce”
Date: October 10, 2008 7:18:54 PM EDT
To: <Undisclosed-Recipient:;>
Subject: Fw: Our failed economy

Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wits who couldn’t make money running a whore house and selling booze?

*** end quote ***

TO WHICH I REPLIED:

the economy hasn’t failed. we’ve failed to keep our politicians in line with what the dead old white guys outlined as the proper role of gooferment. at our own peril. anyone who votes for an incumbent this year is part of the problem. even if the incumbent had NOTHING to do with it or did nothing bad, they were: (1) tacitly complicit; (2) too stupid to realize what was coming down the road; OR (3) ineffective to stop it. Look at how many times Ron Paul was the lone voice “no”! No on the war. No on taxes. No on Fannie and Freddie. No on the Fed. Sigh. Best gooferment money can buy. Sorry. It wasn’t an economy failure; it was a political failure. We may become the next hyperinflation — like present day Rhodesia, Argentina of the 70s, or Germany of the 1930s. We know how well those all worked out. Gold coins may be needed. The Dead Old White Guys told us that was money. But we didn’t listen as FDR and Nixon fooled us. The 1913 FED started to procession to where we are today. Spinning out of control. Does no good to be right when the commonweal goes over the cliff taking us all to perdition. Argh. It’s all socialism and the elite in their hubris have led us there. Now where is my pitchfork and torch!

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Warning! Don’t stick your fingers in the Libertarian’s cage and poke or prod them. They can snap back. Us little L libertarians are very frustrated. No amount of warning “Here comes The Cliff” has done any good. All we get are dumb looks as people ask “Who’s Cliff?” Guess you know now. Welcome to what Mises, Hayek, Rothfarb, and all the “Austrian School” economists have been warning about!

Don’t blame me. I supported Ron Paul!

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RANT: It’s not a “financial crisis”; it’s a moral crisis!

Tuesday, October 7, 2008

http://www.glennbeck.com/content/articles/article/198/16171/


Glenn Beck: What happened?

October 6, 2008 – 13:01 ET
Glenn’s letter to his family explaining how we got into this economic crisis…
Yes, another email letter from your crazy brother. You raised a lot of questions in your last email and I am going to try to answer all of them.

I think all of your questions fall into three areas: (1) how did we get here; (2) what’s coming; and (3) what can I do to prepare myself and my family.

Consider this email as my answer to your first question, “how did we get here?”. I’ll be sending you 2 more emails answering your other two questions. Since there’s a lot of misinformation out there I will document each of the facts in my emails so you know where I pulled the information from and where you can go to read and learn more.


{Article Continues}

*** end quote ***

A well-reasoned well-documented apolitical (there’s a lot of blame to go around!) piece. Clearly, there are a lot of people who deserve some tar and feathers. Clearly, it ain’t going to change anytime soon. Clearly, not only will NEITHER prez candidate be ABLE to DO anything about it. So what’s some one to do. (1) Get rid of incumbent politicians. Good start. (2) DownsizeDC dot org to slow them down and put them under a microscope. (3) Get ready for a “japan decade” of low growth tight times and look at the stagflation of the Carter years. Morose, yes. Realistic, yes. We need to summon up the Dead Old White Guys for government reform, the courage to start making hard political choices, and good old American ingenuity. We have to THINK our way out of this mess. And, “thinking” is not Washington’s strong suit. Spending is. We have to follow the lead of Andrew Jackson and kill the FED. It’s the root of all evil in that the inflation tax allows COngress to spend money it doesn’t get from taxes. We need them to run an honest set of books. You want a war, pay for it. You want welfare, pay for it. You want spending, where is the tax to cover it. Painful, yes. Necessary, yes. Unavoidable, yes.

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RANT: Wooden arrows?

Sunday, October 5, 2008

http://deepbackground.msnbc.msn.com/archive/2008/10/03/1489413.aspx

*** begin quote ***

Tucked into pages 262 and 263 of the bill, for example, are provisions that will aid the manufacturers of “certain wooden arrows designed for use by children.” The bill will exempt the arrows from an excise tax of 39 cents. There are also tax breaks for race-track owners, for rum imported from Puerto Rico, for worsted wool makers, Hollywood film and television production companies and on and on.

*** end quote ***

Maybe this will be a wake up call to Get Rid of Incumbent Politicians (GRIP)?

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LIBERTY: Don’t privitize Social Security. It’s too risky!

Thursday, October 2, 2008

http://channel-surfing.blogspot.com/2008/10/market-meltdown-is-best-argument.html

Thursday, October 02, 2008

Market meltdown is best argument against privatizing Social Security

*** begin quote ***

It has always been pretty clear to me that the notion that we could fix our retirement system by handing it over to Wall Street was, well, nuts.

*** and ***

American workers shouldn’t have to face this kind of uncertainty. The cautionary tale is before us — listen to this NPR Morning Edition report on soon-to-be retirees who thought they would live off their savings and investments, but whom the experts now council to “keep on working.”

Posted by Hank Kalet at 3:00 PM

*** end quote ***

Of course, I was enraged and commented:

fjohn said…

Arghhh!

So let me understand this.

It’s OK to rob poor black men to pay off rich white women? (Who designed this one out, the KKK?)

It’s OK to rob the future generations in an intergenerational transfer of wealth. (Like eating your young?)

It’s OK to have a forced savings plan that has an implied interest rate of negative 2 percent. (OK, you may not have enough left from your job, but nanny gooferment will save you some dog food for your retirement.)

It’s OK for a poor person’s largest asset (i.e, “their” social security accrued benefits) to “evaporate” when they die. Absorbed back into the gooferment till for a $225 ‘death benefit’. (Even a passbook savings account can be inherited.)

Argh!

Yes, save us from the Stock Market that earns an average of 8% a year over LONG periods of time.

Save us mommy gooferment from the big bad real world. The fact the the gooferment — specifically the congress critters took payoff from the monsters they created — caused the problem and you seek to save us by MORE gooferment.

Really explain it to me again. Use littler words. Cause I’m getting screwed by all you socialists and I can’t stand it any more.

Explain to me how Chile privitized their social security in 1970 with a population so illiterate they had to use pictures for the investment companies because people could NOT read the names. (Haven’t heard about dying old folks in Chile lately. Maybe everyone died of privitazation there and we have NOT had it reported yet?)

Argh!

It must by the fault of those Liberty loving dead old white guys.

I’m sure they must have mentioned Social Security in the enumerated powers.

Please give me a break with this circular logic on an un-Constitutional un-Liberty disabling disempowering Socialist program.

Karl Marx must be laughing in his beer at us! Him and his cousin Groucho. They couldn’t have made a funnier skit.

4:39 PM

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In summation, don’t fix a failed program because of stock market volatility. What caused the volatility, criminal negligence by the ploiltical class.

OK. Lets kill the porgram completely.

Even if one stipulates that a bunch of dead old white guys 200 years ago can bind me to an obligation, let’s see where it says that you Socialists can steal my money “for my own good” of course.

Argh!

Leave me alone. Take your Socialism and keep it to yourself.

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POLITICAL: Corporations don’t pay taxes; people do. Zero the Corporate Tax Rate!

Sunday, September 28, 2008

http://www.doughroller.net/2008-presidential-elections/presidential-debate-fact-check-obama-mccain-economic-cla

First Presidential Debate Fact Check: Obama and McCain’s Economic Claims
Written by DR | Bookmarks: Reddit this, del.icio.us

*** begin quote ***

The first 2008 Presidential Debate saw both Senators Obama and McCain defend their economic proposals and attack the other’s plan. Facts, figures and statistics were flying back in forth during the exchange so fast it was difficult to keep up. So after the debate I watched the replay and read the transcript to pick out the economic claims made by both Presidential candidates. In this article, we’ll look at their claims to determine whether they are rock solid true (earning a score of 1), true but with a lot of spin (earning a score 2) or flat out, nose-growing false (earning a score of 3).

*** end quote ***

MY COMMENT ON THIS STORY

Excellent job on fact checking. Calm and reasoned. Apparently fair.

I have no “dog” in this fight. I’m a little L libertarian. Don’t care much for either candidate.

I would like to comment on “Corporate Income Tax”.

It’s a sham designed to deceive the folks as to what is the overall level of taxation that Americans pay.

CORPORATIONS DON’T PAY TAXES OR FEES. YOU DO!

As a “frugal” site, I read often, I think you’d hammer this home.

Corporations are very much like a zero sum game. If they have a cost, they pass it along to the person who buys their product or services. If it’s a widget with a pound of steel in it, your paying for that pound. Price of steel goes up, the corporation marks up the price of their product. Simple enough. If they didn’t they’d go broke.

When the gooferment imposes taxes on Corporations, that’s just another cost that the business pass along to you. EXCEPT now you can’t see it. You don’t know what portion of the cost of a loaf of bread is taxes and what portion is bread.

It gets worse, regulations and laws add costs. They come to you hidden in the cost of the products.

It gets even worse, when the gooferment taxes a product that corporations use to make or deliver other products (e.g., gasoline), that tax is a tax on taxes. And is passed along and even buried further. It has an exponential effect!

I’ve seen estimates that the real tax percentage in products is HUGE! 50 to 75%!! I don’t think anyone can tell. AND that’s excatly the politicians purpose.

Bottom line: Corporate taxes imho should be ZERO!

Let’s put the cost of gooferment squarely out in the open! These bozos are no fools. There’s a reason that Tax Day is a half a year away from election day. That reason is that they couldn’t get it any further away.

So, when either candidate talks about corporate taxes, regulation, and fees, I think they are, possibly unknowingly (But I don’t beleive that) DEFRAUDING us from know the true cost of how badly we are being ROBBED!

sigh, imho,
wake up sheeple,
fjohn

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