Archive for September, 2007
On 6 September 2007 the Federal Reserve decided to use its unconstitutional power to both tax us and further pull back the spring on our coming economic crash!
What do I mean by “pull back the spring”?
Over extension of credit causes major problems, because banks loan out money to people who are very likely to default on their loans. When they default, serious problems ensue. When lots of people start defaulting, losing homes, closing businesses et cetera, the problem compounds itself.
The recent housing bubble is an example of this. Prices went through the roof and everyone who could pick up a phone and call a loan officer was able to buy a house; a far more expensive house than they could afford. Now, they’re losing them and credit is drying up. This leads to a recession. But what if you print more money and lend that money out at the same terms? The problem gets worse! If the initial over expansion of credit stretched the spring a little bit, the subsequent expansion of credit pulls the spring back more and more. Eventually, you have to let go. The farther back you’ve pulled the spring, the more violent the retraction becomes. Brace yourselves, because it’s going to get nasty.
The Fed decided yesterday to “inject” 31.25 billion dollars of “liquidity” into the markets. In layman’s terms, that means they decided to print some money and lend it to their buddies who could in turn lend out MUCH more of it. This is great for their buddies. When they get this 31.25 billion, they get to in turn lend out almost 10 times this amount of money! If you’re the first person to get your hands on newly printed unbacked money, you can call yourself one lucky bastard! That money is just as useful as the money that already existed. Once you spend it, though, everyone’s money goes down in value. This is called inflation, and it happens when governments print money out of thin air.
Make no mistake: what the Fed did was to just tax us. We didn’t get to vote on it. Our representatives didn’t get to vote on it. We just lost money. Each and every one of us.
Who made money? Bankers. They made lots of money.
This is disgusting. It is the most regressive tax out there, it is a silent tax that most people don’t even realize that they’re paying and it doesn’t even pay for any government services (unless you count the credit that becomes available, which means that our government accumulates more and more debt).
This has got to end or the great depression is going to look like a cake walk in comparison to whats coming.
Those of us who understand this are going to get very rich, because we are buying up gold left and right. Average, working people are going to suffer; they are going to suffer seriously.
This is the reality of the government that we have today. Politicians and their friends are getting rich at our expense.
There is only one man who can save this country, and his name is Ron Paul. He will work to give us sound money again.
No, I haven’t. I’m sure that someone will soon suggest that I watch it. Here is why I haven’t done so yet:
Socialized Health Care proposals scare the hell out of me. I am about to start medical school.
When I have a medical license, I will not practice in any state or country that has a socialized health care system. I will not accept medicare, medicaid or any government subsidized insurance. Those who are dependent upon such things will be welcome as patients, and I will reduce my fees to an affordable rate, but I will not participate in an immoral and deadly system. As a patient, I won’t allow government to be involved in my treatment. Why would I allow it as a doctor?
Check out this video. Yeah, you socialists thought Canada was soooo compassionate!
Yes, the TSA is made up of a bunch of fools. They are, in large part, dim witted bureaucrats with seriously inflated notions of their importance.
I usually get frustrated with them, because I recognize their stupid pranks as such.
Today’s adventures with the jolly minimum-wage bureaucrats:
At the Sea-Tac International Airport, I arrived on a flight from Spokane on Alaska Airlines with a connection on Continental. This shouldn’t be a problem. My flight was late. To make matters worse, I stumbled out of the secured area while looking for my next gate.
There was a huge line at the security checkpoint. I have no clue why there was such a line: it was 10:00 PM!
So, I politely asked a stout, red-nosed bureaucrat if he would be so kind as to let me skip to the front of the line since my flight was boarding. His response: “We will get you through as soon as we can, Sir.” He walked away. That’s what I call excellent customer service.
I did make my flight, but just barely.
In the past, I have persuaded TSA agents to let me cut in line when my flight was about to leave. Other times, they just don’t give a damn. It just depends upon the day.
It would make so much more sense to allow airlines to set their own security standards and employ their own screeners. If the TSA screws up, they will just use it as justification to get congress to increase their budget. If an individual airline screws up, it could put them out of business. I wonder who is likely to do a better job! I would also imagine that Continental Airlines would have let me cut in line so that I would be sure to not miss my flight. In fact, I’m pretty sure that they’d make sure that their security procedures were a quick and convenient as possible so that people don’t miss flights because of them.
The TSA never should have been created. It should be abolished. Dr. Ron Paul will do this, so support him. Now.