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Doug Casey Sees Currency Controls in US Future
As he says in this interview posted at lewrockwell.com, the zombies are going to hunger to "eat the rich"...
http://www.lewrockwell.com/casey/casey28.1.html
Be Seeing You!
Obama Admin to Expand Bank Bailouts to SMALL Banks -- Gee, Could That Have ANYTHING to Do with the BANKRUPTCY of the FDIC?
What a surprise, huh?
http://www.google.com/hostednews/ap/article/ALeqM5i_WrL-yKI0kVBHbacyZTzS...
Nothing like expanding the moral hazard.
Notice how the reporter can't help bu tmention what all the pro-administration, pro-gubment propagandists are pushing: the bogus claim that the gubment is getting a lot of the original TARP loans back.
He says: "a combination of unallocated money and more than $70 billion in repayments from banks that received bailouts since late last year."
So, not only is he misleading people into thinking the money came only from private instruments to repay, but he doesn't even explore the fact that now that the gubment has some of the cash, they want to doll it out ALL OVER AGAIN.
Feds Decide Not to Pursue Medical Pot Users/Suppliers in States Where Deemed Legal
Too bad it took them so damned long. And isn't it interesting that they don't mention the US Constitution in this policy change? The matter of medical pot or ANY pot is a state issue. But, of course, admitting this fact would set the feds on a path that would abolish about 99% of everything they do. No wonder they don't bring it up.
http://www.msnbc.msn.com/id/33376482/ns/health/?GT1=43001
Be Seeing You!
As Free Market Folks Like Us Have Said: Fed Insurance Schemes Would Inspire Price Increases For Private Plans
It doesn't take a genius to figure this one out, yet people like Senator Jeanne Shaheen (despite being warned that this would happen when she pushed a similar plan in NH) love this kind of fascism. Interesting. One suspects they might actually, um... WANT this to happen. The feds will impose "guaranteed issue" regulations on the insurance companies, forcing them to accept people with pre-existing conditions. This will inspire healthy people who would normally be paying their premiums without making a lot of claims, to drop their policies, leaving sicker/older people in the pool, and forcing prices higher. The insurance lobbyists have been pushing for the feds to FORCE people to carry plans -- force through fines. Nice huh?
Bogus Federal Misconception of "Net Neutrality" Leading to Further Regs on Internet Markets
If one were a producer who owned a recording studio, and rented space on it to allow people to record their work with you, would it be right for parties not invovled in the transactions between you and your clients to tell you whom you had to admit to record? If you wanted to admit only the best clients, and give them the highest quality recording services, but someone who couldn't afford your services wanted in, should you be forced to do business with him? If producers who dealt with crap bands demanded that you let them in, should the gubment force you, even though you would lose money by letting them in for a lower price and for the production of inferior material?
Head of FDIC FINALLY Admits: It's GOT NO MONEY LEFT.
As we've been saying for oh, four months? Five? This thing is a bankrupt MENACE. The FDIC is a very, very dangerous and patently unconstitutional government creation, always inspiring more risky loans by banks than they would otherwise allow, because the banks can get below-market insurance rates from the FDIC rather than private insurers. The government has a tacit aggrement to ALWAYS bailout the FDIC, and so what happens? Yep, moral hazard, as economists say.
Guess who will bail out the FDIC? Yeah, you got it. YOU and your neighbor.
Be Seeing You!
http://globaleconomicanalysis.blogspot.com/2009/10/bair-admits-fdic-in-r...
WSJ Reports: Insane Cash 4 Clunkers Plan Will Cover... GOLF CARTS.
Makes you wanna watch Caddyshack, doesn't it...
http://online.wsj.com/article/SB1000142405274870410720457447372409954243...
Be Seeing You!
Federal Deficit Hits Mega-High at $1.42 Trillion
And THAT'S a LOW aggregation!
http://news.yahoo.com/s/ap/20091016/ap_on_bi_go_ec_fi/us_deficit_danger
Can't wait for the feds to continue trying to sell bonds while the Federal reserve is forced to raise interest rates. Gonna be "intersting times"...
Be Seeing You!
Fascist Mortgage Modifications to Continue
Meanwhile, CNN laments the fact that it's so "hard" to conform to the paperwork. Jeez!
http://money.cnn.com/2009/10/16/news/economy/Obama_modification_program/index.htm?section=money_topstories
Gold Hits New Record High
The questions that arise are these:
The false recovery that we'll see in the US... How long will it last before the near hyper-inflation the Fed and US Govt have inspried really starts to show itself?
WSJ Offers Overview of Dollar Problem...
It's no wonder the Dollar is losing adherents!
http://online.wsj.com/article/SB10001424052748704107204574470961505506386.html?mod=djemEditorialPage
Be Seeing You!
Report: Dollar Losing Position as International Reserve Currency
Did anyone see the price of gold today?
Inflationary spirals cannot be stopped. It will come, and foreigners and those who are buying precious metals understand this.
Be Seeing You!
Lone Republican Snow Votes YES on Insurance Fascism - Moves It Outta Committee
Was anyone surprised by this? And how about that arrogance? Her quote about "history" calling, that's so sweet, isn't it?
http://www.msnbc.msn.com/id/33290417/ns/politics-health_care_reform
Be Seeing You!
Obama Silently Deploys 13,000 More US Soldiers in Afghanistan - Seems only Guardian UK Reports It
Funny how the US pop media seems to have overlooked this, even as they kneel before the altar of the omnipotent Presidency, and the Nobel 'Piece' Prize...
http://www.guardian.co.uk/world/2009/oct/13/obama-afghanistan-troop-deployment
Be Seeing You!
"Pro-Fascist Medicine" Reporters for AP Lament Insurance Corporations Pulling Away from Insurance Bill
Please listen to our next pod, coming out early Tuesday, 10-13, to find out more about this situation!
http://apnews.myway.com/article/20091012/D9B9QLO81.html
Be Seeing You!
An Example of Biased Reporting, the NYT Still Doesn't Get Why They Are Going Bankrupt
With so-called "reporters" like these, is it any wonder people are sick of the rag?
http://www.msnbc.msn.com/id/33264375/ns/politics-the_new_york_times
Be Seeing You!
Pop Media Avoids It: Dems Follow Bush Admin, Continue Unconstitutional Patriot Act
Not surprising. All the "civil libertarians" in the pop media who excoriated Bush and his criminal neo-con pals in the Republican Party for imposing the "Patriot Act" have now let Obama and Pelosi off the hook for doing the exact same thing as Bush. Nice.
Be Seeing You!
So Satisfying...
... Isn't it nice to see people stand up and berate the politicians at open forums, to see them shout and holler about their livelihoods being stolen, about the government-backed money supply system being immoral and wrong? It's a sign that people are standing up for their ownership of themselves, regardless of whether those who would mess with their lives through government call it "Democracy" or anything else.
The key is freedom, and one cannot be free when government has a claim on him. We need more angry protesters at town hall meetings, more livid faces, more heated words. Take a look at this story, and enjoy!