Tag: democrats

How Gold Could Save America from Nazi Theory

Keynesian economics is the root of economic problems for most countries around the world today. So it’s important to understand both what Keynesian economics stands for and what the opposing brand of economic thinking called Classical economics maintains. In a nutshell… Classical Economics: Keynesian Economics: Thrift, hard work, and productivity are virtues. The classical gold standard restrains the state from inflating and provides a stable monetary environment in which the economy can flourish. Government should strive for balanced budgets and fiscal responsibility. The state should adopt a general policy of laissez-faire of non-interventionism in economic affairs: low taxes, free trade, and minimal bureaucracy. Production is more important than consumption. Say’s Law: Supply is more important than demand since supply of one good creates the demand for another. An increase in savings can contract income and reduce economic growth. Consumption is more important than production, thus turning Say’s Law upside down. There is no need for a gold standard; fiat currency is preferable. Demand is more important than supply. Teaches that governments and politicians can be trusted. It’s no wonder politicians love Keynesian economics over Classical economics. To control the economy, most governments around the world have been using Keynesian economics for the past 75 years. It is the only economic thought that is taught in the schools and universities. “They” want us to believe they are wise and intelligent souls who know what is best for us. But nothing could be further from the truth throughout most of economic history… Read this quote from Adolf Hitler, who openly embraced Keynesian ideas: Gold is not necessary. I have no interest in gold. We will build a solid state, without an ounce of gold behind it. Anyone who sells above the set prices, let him be marched off to a concentration camp. That’s the bastion of money. The Nazis’ economic success when Hitler first came into power was a result of Hitler cooking the books. The rest of his time in power goes down in history as one of the worst atrocities in the history of mankind. Only two other twisted power-seeking devils in the annals of time are responsible for the killing of more people than Hitler &mdash…

Continue Reading »

NEWSFLASH: The Meltdown Didn’t Have to Happen

Filed in Alan Greenspan, BP, democrats, Federal Reserve, Gold, Gold Market, lead, Lear, o, Yahoo by on January 28, 2011 0 Comments
NEWSFLASH: The Meltdown Didn’t Have to Happen

Watching the government do practically anything is often akin to watching molasses run down the hill in January. But like that slow running ooze, even the government eventually manages to accomplish its feat. The problem in this case is that they are telling us what we already know. So here’s the newsflash sportfans: the financial meltdown could have been stopped. Gee thanks… From the New York Times by Sewell Chan entitled: Financial Meltdow was ‘Avoidable’, Inquiry Concludes “ The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a Congressional inquiry. The government commission that investigated the financial crisis casts a wide net of blame, faulting two administrations, the Federal Reserve and other regulators for permitting a calamitous concoction: shoddy mortgage lending, the excessive packaging and sale of loans to investors, and risky bets on securities backed by the loans. “ The greatest tragedy would be to accept the refrain that no one could have seen this coming and thus nothing could have been done,” the panel wrote in the report’s conclusions. “If we accept this notion, it will happen again.” The commission’s report finds fault with two Fed chairmen: Alan Greenspan, a skeptic of regulation who led the central bank as the housing bubble expanded, and his successor, Ben S. Bernanke, who did not foresee the crisis but then played a crucial role in the response to it. It criticizes Mr. Greenspan for advocating financial deregulation and cites a “pivotal failure to stem the flow of toxic mortgages” under his leadership as “the prime example” of government negligence. It also criticizes the Bush administration’s “inconsistent response” to the crisis — allowing Lehman Brothers to go bankrupt in September 2008 after earlier bailing out another bank, Bear Stearns, with help from the…

Continue Reading »

Illinois is No Peter Pan

Filed in BP, democrats, economy, Gold, Gold Prices, o by on January 14, 2011 0 Comments

“I’ll never grow up, never grow up, never grow up, Not me!” – Peter Pan, Lyrics from play “I knew Peter Pan and you’re no Peter Pan.” – Vice-Presidential candidate Lloyd Bentsen, (sort of), 1988 “Top Illinois Democrats have agreed to push a plan that would temporarily boost income taxes by 75 percent and double Illinois is No Peter Pan originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

Continue Reading »

Why Soaking the Rich Doesn’t Work

Filed in Debt, deflation, democrats, inflation, lead, o, recession, revenue, Spot Gold, US Dollar by on November 8, 2010 0 Comments

Last week’s episode of 60 Minutes featured a 13-minute segment on “taxing the rich” in order to cure the government’s debt problem. In addition to being an outrageously biased story, the coverage was filled with more economic fallacies than I can address in a single article. “Progressive” Income-Tax Codes Lead to Volatile Revenues In the opening moments of the segment, correspondent Lesley Stahl explains “eight states have increased so-called millionaire income taxes so far as a way of avoiding drastic budget cuts.” Of course, many of you reading this really mean it when you say theft is wrong, and that a majority cannot justly take an individual’s property, even if they plan on doing something nice with it. On this score, raising taxes is wrong for purely ethical reasons. Unfortunately, most Americans don’t endorse this way of thinking, and so, in the present article, I’ll focus on pragmatic arguments. In the first place, Stahl had to use the qualifier “so-called millionaire income taxes” because not all of the high surcharges kick in at that level. According to this compilation, only two states — California and Maryland — actually have a bracket for people making at least $1 million. The term in practice simply means a high tax rate for people earning big incomes. For two examples, Connecticut’s income tax has three brackets: 3 percent on incomes below $10,000, 5 percent on incomes between $10,000 and $500,000, and 6.5 percent on incomes above $500,000. New Jersey has a similar state-income-tax code, with the first five brackets jumping modestly up through $75,000 in income, but the sixth and highest tax rate kicking in at $500,000. To be sure, someone making, say, $550,000 per year is not on the verge of starvation. Yet it’s not clear that such a person is a “millionaire” either, especially if he is young, has kids, and works in a big city with a high cost of living. The very term “millionaire tax” — which conjures up landed aristocrats who sip martinis on their yachts instead of going to work every day — is misleading. Beyond the deceptive terminology, the policy of “socking it to the millionaires” actually exacerbates the boom-bust cycle in state-government revenues. As I explain in this policy paper, what …

Continue Reading »

Sweeping Fraud under the Rug

Filed in bank of america, Debt, democrats, Gold Market, jp morgan, obama by on October 22, 2010 0 Comments

It’s things like this that aggravate me… Americans have been ransacked by Republicans and Democrats alike… for years. Failed policies and ideas have been nothing more than a joke. Debt is out of control. Housing isn’t improving. Yet we’re told that all is well. That we’re in a recovery… but it just won’t feel like a recovery. We’ve bailed out the banks countless times.. only to watch them screw us again and again. And now we’re told the foreclosure crisis is nothing to get upset about. Come on. As I’m reporting in Saturday’s Wealth Daily: A Wells Fargo employee in South Carolina said in a March deposition that she typically signed 300 to 500 foreclosure documents in a single day and that her only other responsibility was to make sure her name and title were written correctly. Shown a foreclosure affidavit that she had signed in 2009, she said she did not know if the information was accurate. “My knowledge of this affidavit is very minimal,” she said in the deposition. And there’s overwhelming “spin” that these are merely paperwork problems. Sham documentation and paperwork, and clerical gaffes aside, the systemic risk here is troubling. No one knows how many fraudulent mortgages and proceedings are out there. According to JP Morgan’s Ed Reardon, “In our view, many of the mortgage foreclosure problems highlighted in the…

Continue Reading »

Democrats Announce Plan to Bribe Seniors with $250 Check as Election Nears

Filed in democrats, gld, Gold, Gold Spot Market by on October 19, 2010 0 Comments

Kurt Nimmo | Democrats insist the bribe is meant to make up for a second year without a cost-of-living increase.

Continue Reading »

Microsoft Proposal Opens Door For Government Licensing To Access Internet

Filed in Bank Gold, democrats, gld, Gold, Gold Spot Market, lead, obama, ubs by on October 7, 2010 0 Comments
Microsoft Proposal Opens Door For Government Licensing To Access Internet

State should have power to block individual computers from connecting to world wide web, claims Charney Paul Joseph Watson Prison Planet.com Thursday, October 7, 2010 A new proposal by a top Microsoft executive would open the door for government licensing to access the Internet, with authorities being empowered to block individual computers from connecting to the world wide web under the pretext of preventing malware attacks. Speaking to the ISSE 2010 computer security conference in Berlin yesterday, Scott Charney, Microsoft vice president of Trustworthy Computing, said that cybersecurity should mirror public health safety laws, with infected PC’s being “quarantined” by government decree and prevented from accessing the Internet. “If a device is known to be a danger to the internet, the user should be notified and the device should be cleaned before it is allowed unfettered access to the internet, minimizing the risk of the infected device contaminating other devices,” Charney said . Charney said the system would be a “global collective defense” run by corporations and government and would “track and control” people’s computers similar to how government health bodies track diseases. Invoking the threat of malware attacks as a means of dissuading or blocking people from using the Internet is becoming a common theme – but it’s one tainted with political overtones. At the launch of the Obama administration’s cybersecurity agenda earlier this year, Democrats attempted to claim that the independent news website The Drudge Report was serving malware , an incident Senator Jim Inhofe described as a deliberate ploy “to discourage people from using Drudge”. Under the new proposals, not only would the government cite the threat of malware to prevent people from visiting Drudge, they would be blocked from the entire world wide web, creating a dangerous precedent by giving government the power to dictate whether people can use the Internet and effectively opening the door for a licensing system to be introduced. Similar to how vehicle inspections are mandatory for cars in some states before they can be driven, are we entering a phase where you will have to obtain a PC health check before a government IP czar…

Continue Reading »

Asiatic Adventurism, Part I

Filed in currencies, deflation, democrats, economy, obama, Spot Gold, US Dollar, yuan by on October 5, 2010 0 Comments

Just when we think Democrats can’t do any more to damage the economy and Republicans cannot be any more gullible, the boys and girls in the House of Representatives get together, 348 to 79, to pass a bill so stupid the mind reels. The only thing I can think of worse would have been a declaration of war against a land mass in Asia. Uh…come to think of it, that’s what they did, without the threat of invasion and intercontinental ballistic missiles. They declared a currency and economic war. One which I expect to be every bit as successful as the punitive tariffs on tires some months ago. Mr. Obama fired the opening salvo last week, urging Chinese Premier Wen Jiabao “to speed up the revaluation of the yuan, telling him in a two-hour meeting at the United Nations that the slow pace of reforms was affecting both global and U.S. economies.” I’m going to give you a lot of quotes in this article because they are simply too hilarious to pass up. According to CNNMoney, “Lawmakers say China’s currency is unfairly cheap and passed a measure Wednesday that opens the door to tariffs that aim to help U.S. companies compete. The legislation, which authorizes the Commerce Department to impose duties on imports from countries with undervalued currencies, passed the House of Representatives by a vote of 348 to 79. The Senate, however, is not expected to take up the issue until later this year.” The article continues…

Continue Reading »

Gold bullion, Silver bullion and United States Constitutional …

Filed in Australian Gold, Bank Gold, democrats, Gold, Indonesian Gold, silver by on October 2, 2010 0 Comments

25 Comments for “ Gold bullion , Silver bullion and United States Constitutional soldiers”. politicalratfinder. October 2, 2010 – 11:34 am. @rolficus I agree, Republicans are worse, because they should know better, Democrats are just out …

Continue Reading »

Jimmy Carter Says US More Polarized Than During Civil War

Filed in Bank Gold, democrats, Gold Spot Market, obama by on September 21, 2010 0 Comments

T. Christopher Republican Redefined Tuesday, September 21, 2010 In a day where Jimmy Carter stole headlines for referring to his own tenure post-presidency as “superior” to that of other presidents, I thought it was somewhat disappointing that his real mind-bender was seemingly overlooked – even though it came in the very same interview as his other absolutely ridiculous comments.  Remarking on the “state” of the United States, after being asked by Brian Williams if he views it as “glass half-full or half-empty”, Carter said he thought President Obama suffers from a Washington that has become more polarized than it was during the time of Abraham Lincoln and the “initiation of the ‘war between the states.’” “This country has become so polarized that its almost astonishing….  Not only with the red and blue states…  President Obama suffers from the most polarized situation in Washington that we have ever seen – even maybe than the time of Abraham Lincoln and the initiation of the war between the states.” Skip to 2:25…. I was just going to let this go after referencing these remarks in another post , but after my brain really came to terms with the enormity of what he was saying there, I couldn’t help but give it a home of its own.  ”Washington is more polarized than during the time of Abraham Lincoln”.  Lets just explore the ridiculousness of that notion. Even if we give Carter the benefit of the doubt and assume he meant “Washington” to only include those doing business in our nations capital rather than the political tone of the nation generally, this is still among the most ridiculous things I have ever heard – rivaling only claims as ridiculous as …. “Eminem is the most influential musician in American history”, ” Tiger Woods is a faithful husband”; “Paula Deen makes light and healthy treats”; or “The casts of Jersey Shore, Celebrity Rehab, or  Kourtney and Khloe Take Miam i have cultural relevance.” I mean are you kidding me?  So, the representatives of the soon-to-be Confederate states that seceded from the Union were more cooperative with their respective Pro-Union counterparts than Republicans and Democrats of 2010?  Newsflash to Jimmy Carter on the fifth planet from the Crazy Star…   they seceded .  They waged a war against the people they disagreed with!!  You can call it a “war between the states” – rather than a civil war – or THE CIVIL WAR – if you’d like – you goofy and misguided revisionist historian, but seriously; what the hell was that “ WAR between the states” all about? Full story here.

Continue Reading »

‘It won’t be long before Sweden Democrats show true anti-Semitic nature’

Filed in democrats, Gold, lead by on September 21, 2010 0 Comments

It will not be long before the true anti-Semitic nature of the far-right anti-immigrant Sweden Democrats (SD) party – which won an unprecedented number of seats in Sunday’s elections, is revealed – a leader of the local Jewish community there warned on Monday.

Continue Reading »

Huckabee Opposes Insurance For People With Pre-Existing Conditions

Filed in Bank Gold, democrats, Gold, Gold Spot Market by on September 18, 2010 0 Comments

When Republicans attack health care reform, Democrats like to counter by accusing Republicans of wanting to repeal a law that requires insurance companies to cover people with pre-existing conditions. According to Republican Presidential hopeful Mike Huckabee, that’s exactly right. People with pre-existing conditions, he explains are like houses that have already burned down.

Continue Reading »