That kind of rounds it off after yesterday's 4.6 trillion. We're talking economy and bailout rescue cash and credit, don't you know?
There has never been a more urgent need for a public clamor for information and explanation of the actions of these financial powers who assume authority to act in our name.
Who are the people doing this and what are they up to? To think that The Fed can toss around two trillion dollars and refuse to name the recipients ought to jar the complacent and apathetic folks who populate this land. But that's not all - they doubled down, twice.
The dollar is being defaced by wild and unbacked currency creation. Our creditors have to wonder.
In the Great Depression, The Fed virtually killed the economy's recover by retracting the supply of currency. Now, in this time of credit freezes, job losses and investors' panic, The Fed goes far beyond too far in the other direction.
Intervention is much worse than inaction when it comes to markets and corrections in the economy. The guvmint should keep its filthy hands off.
Meanwhile, call the cops, wring your senator's neck, storm the Bastille, do something.
It's all so simple.
Wednesday, November 26, 2008
Tuesday, November 25, 2008
$700 BILLION MORPHED INTO $4.5 TRILLION
First, they (Paulson and Bush) came for 700 billion bucks. Next, the Fed announced that it had gone ahead and spread two trillion Federal Reserve notes to entities not identified - probably foreign banks. Now, the figure has risen to a total of four and one half trillion smackeroos.
And you thought it was your country; that Congress is the power; and talk of secret deals (conspiracies) is nuts. Please assign staff to look into this and have your people call my people.
Is it time to move to China? Or should we move on Washington?
Let's just abolish the Fed, return to gold money and shoot the 50 worst Congresspersons every year, as H.L. Mencken suggested.
It's all so simple.
And you thought it was your country; that Congress is the power; and talk of secret deals (conspiracies) is nuts. Please assign staff to look into this and have your people call my people.
Is it time to move to China? Or should we move on Washington?
Let's just abolish the Fed, return to gold money and shoot the 50 worst Congresspersons every year, as H.L. Mencken suggested.
It's all so simple.
Monday, November 24, 2008
WE DOTH PROTEST TOO LITTLE, ME THINKS
Our president tells us to support the bailouts because "your hometown bank might be in trouble."
Our president elect calls our economy "the worst in a century" and insists "things will get worse before getting better."
This shallow pair has scared many of us into actions which will fulfill their dire observations.
Even the not-too-swift Franklin Delano Roosevelt, a president whose nation was already in a real depression, knew enough to calm the people. "All we have to fear is fear itself," he said just before he turned around and installed a frightful New Deal.
Now the meddling begins. Guvmint will attempt to fix this and then correct that. They almost admit they don't know what to do, but they can't resist doing something.
Free enterprise was never free enough. It has a nature of cycles, brief and not deep, which are self-correcting. But the neosocialists don't have faith in freedom.
A Pressident Ron Paul would have had this crisis over by now, by adopting laissez faire policies.
It's all so simple.
Our president elect calls our economy "the worst in a century" and insists "things will get worse before getting better."
This shallow pair has scared many of us into actions which will fulfill their dire observations.
Even the not-too-swift Franklin Delano Roosevelt, a president whose nation was already in a real depression, knew enough to calm the people. "All we have to fear is fear itself," he said just before he turned around and installed a frightful New Deal.
Now the meddling begins. Guvmint will attempt to fix this and then correct that. They almost admit they don't know what to do, but they can't resist doing something.
Free enterprise was never free enough. It has a nature of cycles, brief and not deep, which are self-correcting. But the neosocialists don't have faith in freedom.
A Pressident Ron Paul would have had this crisis over by now, by adopting laissez faire policies.
It's all so simple.
Thursday, November 20, 2008
AUTO MAINTENANCE
America has neglected its major industry. That would be automobiles, which comprise about one seventh of our economy, if you include related enterprises such as auto parts, fuel, etc.
In our penchant quest for national economic suicide, we dropped tariff protection on Henry Ford's invention.
Tariifs were great revenue producers before income taxes became the rage. Why shouldn't a nation protect its favorite, most exotic product against foreign competition which employs "coolie" labor costs plus sneaky government subsidies? Doesn't fair play mean anything?
Factories - especially car makers - are jewels on the American landscape. As they tend to disappear, for many despicable reasons, we should treat them with care.
The bad guys are trying to give "protectionism" a bad name. The opposite of protection would be neglect. We have a national duty to protect people and companies which provide jobs and advance our civilization. Sure, the American consumer pays more this way, but those are the costs you see. The hidden costs of lost industries are far greater.
Tariffs are the answer. We have tariffs to save our steel industry, why not for Buicks, Lincolns and Dodges?
In our penchant quest for national economic suicide, we dropped tariff protection on Henry Ford's invention.
Tariifs were great revenue producers before income taxes became the rage. Why shouldn't a nation protect its favorite, most exotic product against foreign competition which employs "coolie" labor costs plus sneaky government subsidies? Doesn't fair play mean anything?
Factories - especially car makers - are jewels on the American landscape. As they tend to disappear, for many despicable reasons, we should treat them with care.
The bad guys are trying to give "protectionism" a bad name. The opposite of protection would be neglect. We have a national duty to protect people and companies which provide jobs and advance our civilization. Sure, the American consumer pays more this way, but those are the costs you see. The hidden costs of lost industries are far greater.
Tariffs are the answer. We have tariffs to save our steel industry, why not for Buicks, Lincolns and Dodges?
Outlaw union strikes and add $3000 duties on every foreign-made chariot landing at our seaports. Forget the bailouts.
It's all so simple.
Overheard at Only The Lonely
"So the blog is back, huh?"
"You mean Dixie Thinker?"
"Whatever. Now they call it No Liberty, No Peace."
"Ya, that will last about two months."
"Two weeks."
Meetings & Events
At downtown library next Tuesday at 3 pm - English Immigrants Support Group demanding left turns on the roundabouts.
Free tea daily at Frenchy's to: "Welcome back, Snowbirds. We hope you remembered to bring your cash (Euros and Yen)."
In Town Square: Tug of war between gays who want to marry versus straights who want to live together in sin. No television coverage will be permitted.
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