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Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Jul 27, 2010

Obama's CLAIMED Inherited Deficite

The Washington Post babbled again today about Obama inheriting a huge deficit from Bush. Amazingly enough ... a lot of people swallow this nonsense. So once more, a short civics lesson.

Budgets do not come from the White House. They come from Congress, and the party that controlled Congress since January 2007 is the Democratic Party. They controlled the budget process for FY 2008 and FY 2009, as well as FY 2010 and FY 2011. In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.

For FY 2009 though, Nancy Pelosi and Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets.

And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete FY 2009. Let's remember what the deficits looked like during that period: (below)

If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets. If Obama inherited anything, he inherited it from himself.


Jul 15, 2010

As the U.S. Economy Grinds To Halt....


WASHINGTON—The U.S. economy ceased to function this week after unexpected existential remarks by Federal Reserve chairman Ben Bernanke shocked Americans into realizing that money is, in fact, just a meaningless and intangible social construct.

What began as a routine report before the Senate Finance Committee Tuesday ended with Bernanke passionately disavowing the entire concept of currency, and negating in an instant the very foundation of the world’s largest economy.

“Though raising interest rates is unlikely at the moment, the Fed will of course act appropriately if we…if we…” said Bernanke, who then paused for a moment, looked down at his prepared statement, and shook his head in utter disbelief. “You know what? It doesn’t matter. None of this—this so-called ‘money’—really matters at all.”

“It’s just an illusion,” a wide-eyed Bernanke added as he removed bills from his wallet and slowly spread them out before him. “Just look at it: Meaningless pieces of paper with numbers printed on them. Worthless.”

According to witnesses, Finance Committee members sat in thunderstruck silence for several moments until Sen. Orrin Hatch (R-UT) finally shouted out, "Oh my God, he's right. It's all a mirage. All of it—the money, our whole economy—it's all a lie!"

Screams then filled the Senate Chamber as lawmakers and members of the press ran for the exits, leaving in their wake aisles littered with the remains of torn currency.

U.S. markets closed as traders left their jobs and resolved for once to do or make something, anything of real value.

As news of the nation's collectively held delusion spread, the economy ground to a halt, with dumbfounded citizens everywhere walking out on their jobs as they contemplated the little green drawings of buildings and dead white men they once used to measure their adequacy and importance as human beings.

At the New York Stock Exchange, Wednesday morning's opening bell echoed across a silent floor as the few traders who arrived for work out of habit looked up blankly at the meaningless scrolling numbers on the flashing screens above.

"I've spent 25 years in this room yelling 'Buy, buy! Sell, sell!' and for what?" longtime trader Michael Palermo said. "All I've done is move arbitrary designations of wealth from one column to another, wasting my life chasing this unattainable hallucination of wealth."

"What a cruel cosmic joke," he added. "I'm going home to hug my daughter."

Sources at the White House said President Obama was "still trying to get his head around all this" and was in seclusion with his coin collection, muttering "it's just metal, it's just metal" over and over again.

"The president will be making a statement very soon," press secretary Robert Gibbs told reporters. "At the moment, though, his mind is just too blown to comment."

A few U.S. banks have remained open, though most teller windows are unmanned due to a lack of interest in transactions involving mere scraps of paper or, worse, decimal points and computer data signifying mere scraps of paper. At a Bank of America branch in Spokane, WA, curious former customers wandered aimlessly through a large empty vault, while several would-be robbers of a Chase bank in Columbus, OH reportedly put their guns down and exited the building hand in hand with security guards, laughing over the inherent absurdity of the idea of $100 bills.

Likewise, the real estate industry has all but vanished, with mortgage lenders seeing no reason to stop people from reclaiming their foreclosed-upon homes.

"I don't even know what we were thinking in the first place," said former banker Nathan Collins of Brandon, MS, as he jimmyed open a door to allow a single mother and her five children to move back into their house. "A bunch of people sign a bunch of papers, and now this family has no place to live? That's just plain ludicrous."

The realization that money is nothing more than an elaborate head game seems to have penetrated the entire country: In Wilmington, DE, for instance, a collection agent reportedly broke down in joyful sobs when he informed a woman on the other end of the phone that he had absolutely no reason to harass her anymore, as her Discover Card debt was no longer comprehensible.

For some Americans, the fog of disbelief surrounding the nation's epiphany has begun to lift, with many building new lives free from the illusion of money.

"It's back to basics for me," Bernard Polk of Waverly, OH said. "I'm going to till the soil for my own sustenance and get anything else I need by bartering. If I want milk, I'll pay for it in tomatoes. If need a new hoe, I'll pay for it in lettuce."

When asked, hypothetically, how he would pay for complicated life-saving surgery for a loved one, Polk seemed uncertain.

"That's a lot of vegetables, isn't it?" he said.

(Part 2: Half of US citizens riot, randsack & plunder. Other Half becomes the New Pioneer Patriot.)

Jul 14, 2010

DO YOU WANT TO BE THE ONLY ONE WITHOUT A CHAIR WHEN THE MUSIC STOPS?


Empty Store Shelves coming soon!

Read This... http://christopher-conservativeperspective.blogspot.com/2010/07/empty-store-shelves-coming-to-america.html (Thanks Christopher for the great link)

What does the average Joe or Jane do —

personally or collectively — if the lights go out, the

banks close down, gas dries up, food gets scarce and

crime increases substantially?

Anyone who sits on paper dollars for very long is a fool.

In my opinion, you can trust tangibles (like silver, food and guns), but you shouldn't put much trust in paper currency in the long term. To safeguard your net worth in the inflationary days to come, always remember: Don't leave your earnings in paper money for long. As quickly as possible, convert it into tangibles, to protect your savings from the ravages of inflation. Consumer price inflation is mild now, but that probably won't be the case in the near future. Adjust your monetary mindset and your modus operandi!

http://www.trendsresearch.com/SubscriberArea/wp-content/2010-Q2/neo-survivalism.pdf

http://geraldcelentechannel.blogspot.com/

Jun 19, 2010

Storm is Brewing...Indicators


Citing what he believes are clear signs the economy is bouncing back from recession,Vice-President Joe Biden yesterday touted Barack Obama's 'stimulus package' and bailout of Wall Street.

The Obama administration's economic stimulus program has allocated $620 billion so far and created or saved at least 2.3 million jobs, Vice President Joe Biden said Thursday. "The Recovery Act is working," Biden said. "It's going to continue to work. It's not over."

Time for yet another fact-check on the pathological liars of the Obama Administration.

Banks are failing at double the rate of last year. During 2009, which the government claims was the peak of the recession, the total number of bank failures at this point in the year was 40. It is already 83 for this year. As losses have mounted on loans made for commercial property and development, the growing bank failures have sapped billions of dollars out of the deposit insurance fund. It fell into the red last year, and its deficit stood at $20.7 billion as of March 31. Yet the FDIC is running ads on radio stations across the country attempting to scare people away from keeping their savings at home and making the wildly erroneous and reckless assertion that as long as the FDIC insures bank accounts they can never fail, no matter what. That statement is a bare-faced lie.

The FDIC depends on bank fees and taxpayers to insure deposits in banks. So, what if banks continue to fail? Where will the money come from to 'cover' bank accounts? A taxpayers bailout? Such a notion is also ludicrous when the U.S. is in debt by over 13 TRILLION dollars, and when one adds in unfunded liabilities, that debt is actually 109 trillion. usdebtclock

If the U.S. were to sell every single asset we have--land, homes, businesses, everything, the total value would be roughly 50 trillion. Thus, we are in debt at the rate of DOUBLE the amount of our entire value.

In addition, the number of jobs the Obama Administration claims it has 'saved or created' includes multiple thousands of temporary jobs, such as census workers, who will be out of work very shortly. The private sector is clearly NOT rebounding when it comes to job creation.

One more dire indicator of continued economic distress is the rate of home loan defaults and foreclosures. The number of homes repossessed during April is at an all-time high of 92,432. That is a 45% increase over April 2009. If repossessions continue at this pace, more than 1.1 million homes will be lost in 2010. About one in four U.S. homeowners is underwater and 5 million of those borrowers owe mortgage debt that exceeds their property values by 25% or more. The total of negative equity in these deeply underwater borrowers is a whopping $655 billion.

These various factors add up to one simple, sobering truth--the economy is not on the rebound, and the Obama Administration and the Democrat-controlled Congress (which has been in Democrat hands since 2006) can take little comfort in what that means for the upcoming midterm elections in November....but alot can happen between now and then...are you prepared?

Jun 11, 2010

Agriculture Needs Your Support...Now

Agriculture's silent crisis:

We should prepare for hard times. All forcasts for America are not good. The political face has changed, the government is taking over the private sector and people in power are creating more policy offered by ‘experts,’ many of whom are direct descendants of 19th century snake oil salesmen or are gorelike crazy scientists or are old 60's radicals- with agendas.

We can no longer let the treehuggers and uneducated liberals sway policies that restrict production and create lasting impact on how US agriculture has provided cheap food for it's citizens for centuries.
We no longer have the luxury of picking between animal rights and meat production. We don't have the luxury of choosing between minnows and California farmers.
We no longer have the luxury of investing in years of 'research' before we move forward on every issue... unless it is CapandTrade or Open Borders with little care to long range effects.
We no longer have the luxury of trusting the education of our children to school systems who indoctrinate.
We no longer have the luxury of providing health care for those who will not work to better themselves.
We no longer have the luxury of ignoring how other countries are cheating in international trade and just calling it laissez faire.
We don't have the luxury of not building nuclear energy plants or restricting energy reserves for the future, our future is now.
We don't have the luxury of pretending wolves don't stalk and eat little children and livestock. We don't have the luxury any more to pretend sharks don't deplete fish stocks. We don't have the luxury to pretend bears don't break into homes and kill people.
We don't have the luxury of trying to have the omlette without breaking the egg, or that butchering hurts.
We don't have the luxury to trust elected officials, the mainstream or free press, bonds with other countries, or the judicial system.

A safe and productive America is one that has mines, steel mills, meat production, grain in storage, oil wells, a strong military and honest politicians.
To cry that the sky is falling and that our country is Broke, then continue proposing protectionist measures (economic, political and social), will not only NOT reverse the trend of where we are headed, but most likely make things worse. We can't shut down all offshore oil production to spank the one that leaked, instead we should look to why they have to go so far out in the first place. Extracting oil on land is far safer and cheaper to produce, so I hope the environmental wackos like the tradgedy they created...it's not the method or blowout preventers or uncharted method of cleanup, it's Why do they need to be out there in the first place??

Fuel makes the world go around and the US stable....the supply and cost of fuel is detrimental to all aspects of everything we do or consume.

The mood in the country is alarmist and reactionary, but those in agriculture have always responsed with adaptibility and attitude of roll with the punches, so-to-speak. Yes, we need to be ready to accept and adapt to any change, like it or not. The problem lies with how the People will adapt to less food on the grocery shelves. The big question, and one that history offers, has varied answers. Without low energy costs, less food will be produced or the food prices "will neccesarily skyrocket". For every action politicians and environmental extremists take, there is a reaction. These people with curious ideas about the place of modern agriculture, present liberal ideas that have little to do with the realities of making a living on a ranch or a farm. People who live in the cities better wake up. They have the voting power to protect their food source. Urban districts are loaded with big voting blocks and big money, they can do massive damage or collectively get behind the family farm. If city-people want to pick a cause to get behind, it should be the forgotton ones in agriculture. You have to know who 'really' butters your bread. Obama and his ilk will have you believe in redistribution of wealth. I say, he's not talking about $$$, he's talking about food/welfare.... and when there is a shortage of good food, 'everyone' no matter your status, will be in the same boat.

But let's not be so foolish as to expect we can keep production agriculture as it has been. Those days are over. Those in DC want a Modern Agriculture. Modern agriculture is big business. It has to be in order to feed a rapidly growing world population. They want to Increase Exports to have a bigger stake in the Global Economy and to pay off their tremendous foreign debt. Today Obama sent 400 million to Gaza...on top of millions to Haiti. Where's that money come from? I say, we need to keep our OWN people fed first. Paying off national debt with exports is not the ahh hahh solution. Exports should be the leftovers or the surplus of a good year, not the target.

And for you treehuggers I say this, Corporate Agriculture is the only part of the industry that needs regulation. They have no love of the land and it's ecosystems. It's all about the 'profit' and they can pick up and leave to other states and even other countries, if the bottom lines can be increased. American farmers are 'true' environmentalists and protect the land that they 'own'. And to Washington I say, cancel every usda program and all the ag subsidies, especially the ones that ration production. You can have them all...in return set a 'fixed price' for off-road fuel used for agriculture production. That's it. Mother nature should be the only storm to worry about, not policies set in DC. Government needs to get out of small agriculture just as they need to butt the hell out of ALL small business. The private sector is America's saving grace and when it is forgotton for the 'global good', there goes America.


Comment by Tom Vilsack, Sec. of Agriculture about his tour of rural America :
“What I saw was a silent crisis in rural America. Too many of our small towns are struggling. Although they are some of the hardest working folks I know, rural Americans earn, on average, $11,000 less than their urban counterparts each year. And they are more likely to live in poverty."

So, you city dwellers, if the economy crashes, don't you be thinking on day tripping to the country for your veggies. We are not the fat-cats or the rich ready to distribute to the rich...it doesn't work that way, no more than it works to go to an oil rig to get gas for your car.

Support agriculture by voting for small Government and 'believe' in the Constitution as written.
As prominent Democrat James Carville said last week, "..., the political stupidity [of this administration] is unbelievable!"
Democrats now have permission to abandon partylines and vote common sense.
Don't give up. Instead vote for sanity in November and food on your plate in the near future.

(notice I didn't mention no or less 'Taxes' in this entire article...it was hard, but a good solution too)

May 31, 2010

Our National Debt Passes $13 Trillion--90% of GDP


For the first time in our history, the U.S. National Debt has now reached $13 Trillion and there is no stopping in sight.

The Obama Administration and the crazies that control Washington D.C. have proven they do not care about the future of our country and only care about getting their wacko agenda passed through Congress. They brush aside the idea that the United States will bankrupt, and instead they fatten their check book from contributions that will keep them in office and retain their power hold over the American people...


The House and Senate "spendulous" bills this last week include:

--$23 billion in a public school teacher bailout

--Extension of unemployment benefits through November

--Billions of dollars for more Medicare funding(doc fix)

--$4 billion in foreign aid to Pakistan, Iraq and Afghanistan

--$5.1 billion for Haiti

--$1.7 billion for police and firefighters

--$5.7 billion for Pell Grants

All we citizens can do is Say "NO" to unfunded spending, but then the DEMS aren't listening...they are just hellbent on bringing the USA and us down to the level of the other big nations that are in big,BIG,big financial trouble. The main plan is to enter into the global Union of the new world order on an equally fubared statis with no longer a 'free choice'...or Constitution either.

May 8, 2010

Barney Fricken Frank

Barney Frank, the chairman of the House Financial Services Committee, sent a letter this week to the White House urging the President to reject the attempt by Republicans to include GSE (Fannie Mae-Freddie Mac) reform in any financial reform bill. Frank argued that had already been reformed and did not need to be included in the Senate’s financial reform bill. Frank told democratic senators, “As Fannie and Freddie operate today, going forward, there is no loss.”

President Bush warned the Democratic Congress 17 times in 2008 alone about the systemic consequences of financial turmoil at Fannie Mae and Freddie Mac and also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. Unfortunately, these warnings went unheeded, as the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those like Frank and Pelosi who emphatically denied there were problems.

Instead of curtailing the power of these failed mortgage giants, Frank passed legislation that limited oversight of Freddie and Fannie’s mortgage holdings.
Morgen Richmond added this on Frank’s failed record:

Let it be noted that in May 2007 Barney Frank and the Democrat-controlled House would go on to pass GSE reform legislation. Legislation which was adamantly opposed by the Treasury Dept. and the Bush Administration for limiting federal oversight of Fannie and Freddie’s mortgage holdings. Legislation which included Frank’s pet project, an “affordable housing” fund backed by tax payers.

Let it also be noted that going into 2007 Fannie and Freddie had never in history been allowed to purchase or finance sub-prime mortgages. But under pressure from Democrats in Congress (including Frank), they were granted this authority by regulators in September 2007.

Let it also be noted that in 2007 Frank aggressively pushed to increase the maximum loan limits which could be underwritten by the GSE’s. A move which would ultimately transfer tens of billions of dollars of loan liabilities from private financial institutions to tax payers.

It’s no wonder that even after the total collapse of Fannie and Freddie in 2008, at an ultimate cost to tax payers which could exceed $400B, Barney Frank is still adamantly opposed to legislation which would prevent any further federal bailouts of the GSE’s. For Democrats like Frank, continued control over Fannie and Freddie represents the effective nationalization of the entire mortgage industry. It’s a dream come true for those who wish to use the power of the federal government to implement their desired social and redistributive policies.

Barney Frank was a key figure at the center of the financial collapse in 2008. Today he’s still pushing his radical and misguided agenda on America. He never learns.
Isn’t it time Barney Frank was retired from his leadership duties?

Barney Frank Played Major Role in Financial Collapse & Is Still Pushing His Dangerous Agenda on America ....and I say we need a Congressional Hearing and start the ball rolling on criminal investigations of Barney and other major progressive liberals!

Mar 9, 2010

First Lady Michelle Obama's Servant List and Pay Scale

Sean Hannity is getting ready to tell us his annual 'List of Wasteful Spending' any day now but, I don't think this is likely to be one of them. It Should be.


First Lady Requires More Than Twenty Attendants:

1. $172,2000 - Sher, Susan (Chief Of Staff)

2. $140,000 - Frye, Jocelyn C. (Deputy Assistant to the President and Director of Policy And Projects For The First Lady)

3. $113,000 - Rogers, Desiree G. (Special Assistant to the President and White House Social Secretary)

4. $102,000 - Johnston, Camille Y. (Special Assistant to the President and Director of Communications for the First Lady)

5. $100,000 - Winter, Melissa E. (Special Assistant to the President and Deputy Chief Of Staff to the First Lady)

6. $90,000 - Medina , David S. (Deputy Chief Of Staff to the First Lady)

7. $84,000 - Lelyveld, Catherine M. (Director and Press Secretary to the First Lady)

8. $75,000 - Starkey, Frances M. (Director of Scheduling and Advance for the First Lady)

9. $70,000 - Sanders, Trooper (Deputy Director of Policy and Projects for the First Lady)

10. $65,000 - Burnough, Erinn J. (Deputy Director and Deputy Social Secretary)

11. $64,000 - Reinstein, Joseph B. (Deputy Director and Deputy Social Secretary)

12. $62,000 - Goodman, Jennifer R. (Deputy Director of Scheduling and Events Coordinator For The First Lady)

13.. $60,000 - Fitts, Alan O. (Deputy Dir ector of Advance and Trip Director for the First Lady)

14. $57,500 - Lewis, Dana M. (Special Assistant and Personal Aide to the First Lady)

15. $52,500 - Mustaphi, Semonti M. (Associate Director and Deputy Press Secretary to The First Lady)

16. $50,000 - Jarvis, Kristen E. (Special=2 0Assistant for Scheduling and Traveling Aide to The First Lady)

17. $45,000 - Lechtenberg, Tyler A. (Associate Director of Correspondence For The First Lady)

18. $43,000 - Tubman, Samantha (Deputy Associate Director, Social Office)

19. $40,000 - Boswell, Joseph J. (Executive Assistant to the Chief Of Staff to the First Lady)

20. $36,000 - Armbruster, Sally M. (Staff Assistant to the Social Secretary)

21. $35,000 - Bookey, Natalie (Staff Assistant)

22. $35,000 - Jackson, Deilia A. (Deputy Associate Director of Correspondence for the First Lady)

(This is community organizing at it's finest.)

There has NEVER been anyone in the White House at any time who has created such an army of staffers whose sole duties are the facilitation of the First Lady's social life. One wonders why she needs so much help, at taxpayer expense, when even Hillary, only had three; Jackie Kennedy one ; Laura Bush one ; and prior to Mamie Eisenhower social help came from the President's own pocket.

Note: This does not include makeup artist Ingrid Grimes-Miles, 49, and "First Hairstylist" Johnny Wright, 31, both of whom traveled aboard Air Force One to Europe. Or the extra childcare aids.

FRIENDS.....THESE SALARIES ADD UP TO SIX MILLION, THREE HUNDRED SIXTY FOUR THOUSAND DOLLARS ($6,364,000) FOR THE 4 YEARS OF OFFICE????? AND WE ARE IN A RECESSION????? WELL....MOST OF US ARE. I GUESS IT'S OK TO SPEND WILDLY WHEN IT'S NOT YOUR OWN MONEY?????

Copyright 2009 Canada FreePress.Com
Yes, I know, The Canadian Free Press had to publish this because the USA media is too scared they might be considered racist.

Feb 19, 2010

Government - Get out of the Jobs Market


Arianna Huffington: A person I detest almost as much as Nancy Pelosi, wrote this today and I felt It was worth a show here on this blog and worth discussing.

"" A stunning new study found that while the unemployment rate among those making over $150,000 was only 3 percent, the rate for those in the bottom 10 percent of income was a staggering 31 percent. Does anyone believe that we would be facing the same lack of urgency about the jobs crisis in Washington if it were the unemployment rate among the top 10 percent that was 31 percent? If one-third of television news producers, pundits, bankers, and lobbyists were unemployed, would the measures being proposed by the White House and Congress still be as pathetic as the ones we're seeing now? Of course not -- the sense of national emergency would be so great you'd practically be hearing air raid sirens howling. Instead we get baby steps, bipartisanship, and band-aids.

It's unclear. Again and again, the administration has had the opportunity to show that it gets what's happening outside the fully employed sectors of Wall Street and Washington. And again and again, it comes up short.
It's time for something bold. Unfortunately, we've now seen enough of President Obama to know that boldness isn't exactly his forte. Bold rhetoric at times, sure, but not bold action. His natural caution and incremental approach would be well-suited to many times -- but this is not one of them. The jobs crisis is simply too large and the suffering too great. Obama needs to put aside the clichés about changing how Washington works and change the way he works.

The chasm America has fallen into cannot be crossed with bipartisan baby steps. The president needs to grab Congressional Democrats by the hand... and leap. How Obama responds to this crisis will not only define his presidency, but the long-term future of our nation. ""


Here's what I think.... The jest of the article makes sense and I can agree that if the tables were turned, those top 10% would have a louder bark, but seriously, if the top 10% were 31% umemployed we would be in Full Meltdown already. The bottom 10% of income earners pay NO TAXES!!

And notice the group of people she speaks of in her example, "one-third of television news producers, pundits, bankers, and lobbyists". She obviously circulates in a very narrow group of cronies or just lives in a small world and can't come up with a real set of top 10% that are Producers and not a part of the service force. And I hope she is included in the third that becomes unemployed....sooner than later.

But the biggest part of this article that is missed if you aren't really listening is that she speaks of Bipartisanship as if it is a BAD thing... The president needs to grab Congressional Democrats by the hand... and leap. Bypass the system of balanced debate and doing whatever an inexperienced president wants, then demand that all democrats follow lock step. What she is calling for is another MOVE just like the hurry-up stimulus-gotta doit in 24 hours or else. Big steps! She says, "put aside the clichés about changing how Washington works" sounds alot like throwing out the constitution and doing what is essentially treasonous in the name of hurry up and save us!

Scary huh? And this was just a simple article that sounded pretty good and on the right track until you really 'think' and then it just becomes another propaganda type story to cover the progressive agenda of overstepping to get things done one way when the true answer to unemployment and jobgrowth is for government to get out of the way, eliminate all tax burdens, restrictions and mandates that cripple small and large businesses and manufacturers for the risk they are willing to take to provide good paying jobs at whatever price they are willing to pay. You don't need wallstreet to give shares to an employee that helps build a successful business. LESS from government means job rates will come back and so will those companies that moved to foreign countries.

Feb 17, 2010

Social Security..Worth Fighting For???

For years, we’ve been hearing that the Social Security Trust Fund would run out of money. The recent economic recession only worsened the outlook for Social Security Insurance.

According to current projections by the trustees responsible for the Social Security Trust Fund, the Social Security program will begin to pay out more benefits than in collects in taxes beginning in the year 2016. And by 2037, the Social Security Trust Fund will be insolvent, and will be unable to pay full benefits to retirees.

( I feel it will happen much sooner than 2016, based on the unemployment levels, just who are they kidding? The biggest issue I have is if they are not going to have funds at any given point and they know it, just how is it not Fraudulent to be mandatory and withheld from every paycheck? Why haven't the young adults who will never see any payout or middleaged adults who have paid in for years, not making this a BIGGER issue than Healthcare. Our current Heathcare is the best in the world, but our Social Security is BROKEN, fix that first! If Congress is hellbent on looking busy before the economy crunches, this would bear better reviews in the press before elections!)

There are no easy solutions to the Social Security Insurance crisis. One thing is clear, however. Each year that goes by without taking action to solve the problem will only make the solution more painful when the time comes.

Feb 10, 2010

Time to Take Care of Your OWN Money!

A bill to move New Mexico's money out of big national banks


and into local banks and credit unions has some serious legs in the state's legislature. The bill passed the New Mexico House of Representatives unanimously on Monday, and it already is scheduled for a hearing on Wednesday in the Senate.

The idea is that more liquidity in local banks translates into more loans to local businesses and a stronger local economy.
They got the idea for the legislation directly from the Move Your Money campaign, which encourages individuals to withdraw their deposits from "Too Big To Fail" banks in favor of local banks.

Imagine that!

I think the bigger message here is that if people at the State level are doing it...why wouldn't YOU???



Now here's a thought....why wouldn't you want to move 95% of your cash to your pocket, then home to a very safe place???
Think for a minute. Cash sitting in the bank drawing zippo for interest, then suddenly there's a run on the bank. Are you going to get there before the doors are closed? Are you going to be able to cash out, so to speak. With cash on hand, you will be able to get to the grocery and load up before the shelves are bare or before the looting and riots begin. Do you see where I am taking this conversation?

This is my warning to you 80% of the people who are not Preppers. Prepare now. The best investment you can make with that money is in food. If you listen to the news and sifer though the bs, do 3rd grade math, you can only come to one conclusion. Things are not going to get easier in life no matter how much you work or how secure you think your job is. Collapse of the Economy, Meltdown, Death of the Dollar, these are just names given of what will happen in society and is out of your control. But your 'family' is your world. Wouldn't the best investment for the future be to make sure you did everything you could to get ready for it?

http://moveyourmoney.info/

Feb 7, 2010

Just who in Washington is holding back on Economic Recovery?


SPECIAL INTERESTS...and there's a bunch of them!

We have the power to tap vast shale gas reserves that lie under our feet through large swaths of America, but special interest groups aligned with the Democratic Party are trying to frustrate plans to bring this cheap, plentiful, and clean energy to the surface.
We are the Saudi Arabia of shale gas. The potential is enormous. Already, landowners and states have benefited from royalty payments. Hard-hit communities are experiencing an economic revival. Small business, people looking for jobs, community centers, fire departments, and schools have all been beneficiaries.

More importantly, Americans have all benefited from low natural gas prices because of the bonanza of shale gas that has just begun to come our way. The talk of the need to build giant, expensive liquefied natural gas ports has ended. Threats of a natural gas cartel formed by our adversaries are just so much gaseous talk. Our national security has been bolstered (if Europe taps their own substantial shale gas reserves, the threats from Iran, Russia, and Algeria will be empty). Even the Russians are fretting about our fracking, expressing concern that this revolutionary development will weaken their own power. There is so much shale gas waiting to be tapped that the dream of natural gas-powered vehicles can very well reach fruition.

Who could possibly want to throw a wrench into these bright prospects?
Low shale gas prices create a problem for the renewable energy industry and for the promoters of solar, bio-fuels, and wind power.

These alternative energy sources all have problems associated with them. They are vastly more expensive than gas. For example, generating a megawatt-hour of electricity using natural gas costs $80; with wind it would cost $142, and solar would cost $396. Wind power is intermittent, interferes with birds, and is terribly inefficient; ironically, wind farms often must be backed up with natural gas-powered plants. Solar farms have a huge footprint and must be located in sunny areas; huge transmission lines trigger the NIMBY (Not In My Backyard) reflex. Ethanol, created by refining corn, has caused a spike in food prices, may require more energy to produce than it creates, and depletes aquifers (corn is a thirsty crop).

Even nuclear power, recently touted by Barack Obama as a way to bolster his political prospects, has no chance of meeting our energy needs. Even if any plants are able to navigate through all the obstacles that have prevented the building of any new nukes for decades, they will take additional decades to go online -- if ever -- and will merely replace the old nuclear power plants being decommissioned.

The technology to meet our energy demands is just not there; but for shale gas production, the technology is ready to go and being used today.

Unlike shale gas that fills the coffers of communities and state governments, all those renewable ventures consume our tax dollars. They could not survive on their own merits. They get billions in grants, subsidies, and tax breaks. The clean-energy industry is among the biggest winners among stimulus money recipients. The windfall? Over thirty billion dollars (and counting), including millions flowing to a geothermal-drilling technology company that has its address at an empty office. Ethanol and bio-fuels get subsidies that, measured on a per-unit-of-energy basis, are 190 times any subsidies given to oil and gas, and the subsidies given to the former are on the way up, while the latter are on the way down. California force-feeds utilities renewable electricity at a price five times more than the current price of electricity.

Democrats pass mandates requiring that a percentage of power be generated by renewable sources, and they force utility companies to buy power from renewable producers at vastly inflated prices. Green jobs are absurdly expensive to generate; studies have shown that for every "green job" created by artificial subsidies, more than two jobs are lost in the real world. Most such green jobs are temporary. Barack Obama's dream to have them filled with felons reveals an agenda at work that has little to do with energy. Green jobs are just another government boondoggle.

Meanwhile, in the real world, Americans who hold acreage in the vast lands above shale gas fields are enjoying having their retirement needs met and their dreams of affording college for their kids and grandchildren fulfilled. Many of them are elderly farmers and are otherwise hard-hit. Should their dreams be denied so that well-connected venture capitalists and their political pals can become enriched with taxpayer dollars?

The federal government, under Barack Obama and his Interior Secretary Ken Salazar, is busy clamping down on leasing of lands with shale gas potential, toughening drilling rules, and imposing a bevy of taxes that will be recycled into subsidies and grants to their partners in the "renewable energy" racket. While he is turning off homegrown energy, Obama is helping China develop its own shale gas potential with technology developed by the American energy companies he wants to hinder.

Perhaps Barack Obama really is a true believer in climate change (despite the cascade of news stories showing it to be snake oil). Maybe we can nickname him President Moonbeam. Perhaps he just wants to punish Big Oil and Gas, many of whom are headquartered in that red state of Texas. Or perhaps there is an ulterior motive. When campaign time comes, the tax dollars gifted to the executives and venture capitalists behind these endeavors will be recycled back into the Democrats' campaign coffers -- one recycling program that does work all too well. Barack Obama was the top recipient of campaign funds from both alternative energy and environmentalists, and received two million dollars from the agribusiness sector (that includes ethanol producers) during his presidential run.

Robbing Peter to pay off Paul is not a path to prosperity.

Who pays the price for this obstructionism? America does. We have the ability to remake the energy profile of our nation, keep our homes warm, our factories buzzing, and our cars fueled up -- all with clean energy liberated from the rocks beneath our feet. All with our own technology. But not if the enemies of cheap natural gas have their way.

So, are you wondering who stands in the way or who the people arwho stand to fill their pockets? and.... Why Man-made climate change is not happening around the world, but it is happening in Washington? Read Ed Lasky's article @ ...
http://www.americanthinker.com/

When history is discussed in the future, I'm sure the USA will be impossible to comprehend. By not developing our own energy supplies, we are setting ourselves up for economic disaster and possibly worse. Why are we trading boatloads of money for boatloads of oil? We could develop a cheap and reliable infrastructure keeping our wealth and building a stronger economy. The things that could be accomplished by America are easy to imagine. What will we do if we find ourselves cut off from the global sources? I think someone intends for us to find out, but then it will be too late.

(Click the 'comment' button below and TELL me what you think!)

Feb 4, 2010

Why You’ve Never Heard of the Great Depression of 1920

This will Melt your brain...great history lesson, but my god, I wish Glenn Beck would have this guy on with the chalk board and all, to give us a condensed version. Try to get through this and reaffirm that what we have been saying is the solution and that there has been a time in the past that will show us a remedy to this financial meltdown we are going through.
I especially liked the last 3 minutes in his closing where he says what WE can do... and he reassures the rational of why I have this blog!



Feb 1, 2010

Obama Retirement Trap - Mandatory IRAs






Mandatory IRAs just proposed by Obama Administration on 1/25/10 is the 1st step in stealth nationalization & forced investment of our retirement benefits to support the treasury debt market!

The largest source of liquid private wealth remaining in the United States is the $15 trillion in private retirement funds. The ultimate ownership, control and future of these funds has already been compromised and exchanged for the favorable tax treatment of private retirement plans. Congress writes the laws, so they can tax, penalize, hold your funds hostage and, although they'd never use the word "confiscate," use your assets at their discretion.

The retirement trap I'm writing about is only a proposal at the present time and since it may well begin in the latter years of the Obama Administration, assuming the Democrats can somehow maintain their majorities in Congress, I'm calling it the "Obama Retirement Trap." But make no mistake, the government need for current revenue and their frenzied search for liquidity to monetize their debt obligations is an unspoken quest of both political parties. The establishments of both political parties will do whatever it takes to stay in power, including the raiding and pillaging of your retirement funds.

I fear that today the control, nationalization and ultimate confiscation of trillions in private US retirement plan assets is on the horizon. Rick Santelli alluded to the possible nationalization and forced investment into treasuries on CNBC as recently as January 8, 2010. There was also similar coverage on Bloomberg and Business Week.
http://www.lewrockwell.com/holland/holland12.1.html

His goal in writing this report is to make you aware of the threat with enough time to take some recommended actions to protect your retirement wealth, and thereby minimizing the Washington threat and their future confiscation efforts.

Jan 25, 2010

Barrack's Coach & Fix-it Team... Game Plan or Bandaid


Obama is gathering his forces to try and prevent Democratic disaster this November.

WASHINGTON — President Obama is reconstituting the team that helped him win the White House to counter Republican challenges in the midterm elections and recalibrate after political setbacks that have narrowed his legislative ambitions.

Mr. Obama has asked his former campaign manager, David Plouffe, to oversee House, Senate and governor’s races to stave off a hemorrhage of seats in the fall. The president ordered a review of the Democratic political operation — from the White House to party committees — after last week’s Republican victory in the Massachusetts Senate race, aides said.

In addition to Mr. Plouffe, who will primarily work from the Democratic National Committee in consultation with the White House, several top operatives from the Obama campaign will be dispatched across the country to advise major races as part of the president’s attempt to take greater control over the midterm elections, aides said.

“We are turning the corner to a much more political season,” said David Axelrod, a senior adviser, who confirmed Mr. Plouffe’s role. “We are going to evaluate what we need to do to get timely intelligence and early warnings so we don’t face situations like we did in Massachusetts.”

Hmmmmm.......
Time to get your game on Mr President? Some call it Plan 'B'. Some call it Calamity Control.
Only the 'wise' will see the subtle changes being made in the days to come. What political strategies will be used to bamboozel the citizen's this second time around....after all, he thinks, they all think, the average citizen is gullible and stupid. Barrack lied all the while he campaigned, he has lied since, what can he do now that will be any different.....I suspect blackmail. There's already been a hint of it with the EPA stepping in if some kind of Cap & Trade is not passed. I believe bribes in the form of more welfare to the poor and amnesty to the illegals are the 2 ways they will get their votes, bipassing us regular tax paying citizens.

What kind of creative masterminding will Plouffe come up with to reverse the ever cognizant and aware people who were voting with their voices the day MA voted in 41-Scott Brown! Every State sat on the edge of their seats. The message has been sent. They deny the message, but they KNOW. The biggest drawback to the whole situation is that politicians, as well as the President, will now focus on alot of ass-kissing and venting blame, instead of keeping their eye on the ball.....their job. The USA will be on hold until November, stagnet and unaware of a bigger threat than losing a few Democrat seats. The economy and terrorism are going to sneak up and bite us.

Obama made over 400 speeches his first year. Starting with his State of the Union speech, let's all keep a real close eye on the demeanor and tone. Let's all remember the campaign lies, all the numbers and so called predictions they falsely used to back or justify the crap they have done so far. Be leary...if you find yourself relaxing, then you might just be getting sucked in, again.

Jan 22, 2010

Depression or Collapse...Angry America


We are rapidly moving toward a dangerous time in our history. Society as we know it is vulnerable to political and social unrest.

The dollar, mismanaged by the Fed, has not been a benefit to the savers who sought to responsibly take care of themselves. They’ve been cheated by a rotten system and are just beginning to understand exactly how the Federal Reserve has been responsible for the swindle.
It’s impossible to predict the time when confidence will be lost, but it can come quickly. Resorting to buying other paper currencies will not be of much help. When the dollar crashes, most likely the purchasing power of all currencies – since all countries hold dollars as a reserve – will go down as well.

This means that dollars and other currencies will go into buying consumer items, precious metals and other physical properties. Consumer prices will soar, as well as interest rates. The central bank will lose control; and the more they inflate, the worse the confidence becomes. The interest rates will respond to these efforts by rising sharply.

If the Fed tries to reverse the run on the dollar, interest rates will also soar, and the pain on the American citizens will be of such proportion that political chaos will result. Either scenario leads to political and social chaos – the third event, and the most dangerous.

With no ability of the federal government to fund its commitments, international or domestic, major changes will occur in our system. The social unrest will elicit cries for government to exert unusual force to head off a complete breakdown of law and order. The ultimate trap will be set for a system of government claiming to protect a free society.

If more power and police authority are not given to the federal government, it will be argued that only anarchy will result. If more government policing power is given, it will mean a lethal threat to civil liberties. Already we have permitted the notion that a single person, the Attorney General or the President, can decide who is an “enemy combatant”, thus denying that individual the right to habeas corpus, permitting indefinite detentions without charges made. This attitude toward civil liberties has changed significantly since the fear built around 9/11.

Yes, I know, declaring one an “enemy combatant” is reserved only for the radical Muslims engaged in terrorism against the United States. To be reassured by this reasoning is quite dangerous and naïve. Logic should not lead us to equate suspects with terrorists, and include American citizens, and yet this has already been set by precedent. Under difficult circumstances, our political leaders will not be hesitant to use these powers to maintain order. Tragically, the people may even demand it.

We are rapidly moving toward a dangerous time in our history. Society as we know it is vulnerable to political and social unrest.

This impending crisis comes as a consequence of our flawed foreign and domestic economic policies, a silly notion about money, ignorance about Central Banking, and ignoring the onerous power and mischief of out-of-control intelligence agencies, our unsustainable welfare state, and a willingness to sacrifice privacy and civil liberties in an attempt to achieve safety and security from an inept government. Dangerous times indeed!

What can be done about it? Must we wait for the inevitable and expect to restore our liberties in a street fight against the overwhelming power of the state? Not a good option!

The only way that we can prevent blood from running in the streets is to offer a better idea of the proper role of government in a society that desires first and foremost liberty.

And that is impossible without a firm commitment by our thought leaders to the ideas of freedom, the source of all creative energy and prosperity. An all-powerful state is the threat to that ideal.

The prevailing attitude of the people, as it once was in early America, must be that of liberty and self reliance, rather than the nanny state and dependency, relying on government force to mold all private choices.

If this is understood, a smooth, although not painless, transition to a free society is achievable. Ignoring this option will be very destructive to everything that is dear to the hearts of most Americans.

What is it that we must do? We must immediately embark on:

*Balance the budget by reducing spending
*Change our foreign policy to that of non-intervention
*A full audit and more supervision of the Federal Reserve leading to abolishing
the Federal Reserve
*Legalize competition to the Federal Reserve with competing currencies
*Regain respect for civil liberties and privacy while reigning in the CIA
*Wean ourselves off the dependence of wealth transfers by government
*Abolish crony capitalism: no subsidies, no bailouts, no regulatory or tax
privileges to protect the powerful elite, especially the military-industrial complex
*Eliminate the income tax, inheritance tax and taxes on savings and dividends.

None of this can happen without the restoration of Congress to its dominant position of the three branches of government as was originally intended by the Constitution. The Executive and Judicial must be reined in, and Congress must assert its prerogatives over all legislation curtailing all unconstitutional agendae through budgetary controls.

Signs abound that angry Americans are now more ready than ever before for a change in direction that is indeed real. If this program were improvised, even suddenly and dramatically, the adjustment, though significant and to a degree somewhat painful, would be much shorter and of minor consequence compared to the chaos and poverty that will result if we refuse to change our gluttonous appetite for a free lunch.

Particial excerpt from Ron Pauls article


Dec 28, 2009

Financial Tornado 2010 - The Day the Dollar Died


Ordinary citizens worked at their jobs, sent their children to school and worried about their grades, maneuvered for promotions and rejoiced when they got them, and generally expected things to get better than the year before, for it was the American Way. You work hard, pay your taxes, live a good life, stay out of trouble with the law and all is well.

2009 ushered in a new President who rode the wave of 'change'. The people wanted less government and transparency. They wanted the politicians to clean up their porkbellied wild spending from the Bush days and they thought the young Obama was their man. Instead, we got a inexperienced idealist who is failing everywhere: foreign policy, domestic initiatives, and most importantly, in forging connections with the American people. The promises of his campaign were lies, he's a phony, knows nothing about economics, and is historically illiterate and woefully small minded for the size of the task. He has enlisted advisors for every aspect of his administration and lets the unelected run the country. He has no clue to the long term effects of having a majority vote for any bill, ignoring the wisdom of those who oppose him and the wishes of the people, the citizens. He closes his first year with false stimulation, with a huge Healthcare bill under his belt and Global Cap and Trade well on it's way, blameing the previous presidents for the state of the economy.

2010 will be the year of change....these changes will take everyone by surprise.

There will be a Run on the U.S. Dollar ....Soon - Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Foreign countries own over 44% of our debt. The USA is a net debtor to the world.

We have seen the storm brewing for some time now. There are big banks of clouds building on the horizon. Picture a big funnel dropping down out of the clouds. Swirling round and round is WallStreet,the Fed, Banks, Agriculture, Congress, Imports, Exports, Oil, and the US Dollar.
The funnel is swirling and growing everyday, swirling and making a fine whippet of a tail, just about to hit ground. When the Financial Tornado hits, it will zig-zag through every state, county and town. No person will go unharmed.

The tornado hits soil....The Dollar is Dead.
With the currency goes many of the lifetime plans of average citizens, also the American Way.

Most Citizens are taken by surprise by the financial tornado. Those who didn't plan ahead for any type of disaster, natural or otherwise, are suddenly desperate.

The Banks are closed, credit cards and atms are worthless, as are all paper investments:401K's, pensions, savings, stocks, bonds and insurance policies. Citizens will scramble to get rid of their currency on hand, exchanging it for any hard asset that has a seller willing to accept cash, even at a much inflated price. Food will be the most desirable commodity, water will soon follow.

Survivors of the Great Depression and those who 'think' it will be similar, will be shocked at how events turn out this time around.

"People just didn't understand what was happening. All the economic theory they had been taught didn't provide for the phenomenon. There was a feeling of utter dependence on anonymous powers -- almost as a primitive people believed in magic -- that somebody must be in the know, and that this small group of 'somebodies' must be a conspiracy."

"The cities were still there, the houses not yet bombed and in ruins, but the victims were millions of people. They had lost their fortunes, their savings; they were dazed and inflation-shocked and did not understand how it had happened to them and who the foe was who had defeated them. Yet they had lost their self-assurance, their feeling that they themselves could be the masters of their own lives if only they worked hard enough; and lost, too, were the old values of morals, of ethics, of decency."

No Fema or RedCross to the rescue.
Companies, businesses, factories and all manufacturing will close
until they can figure out a way to pay their employees.
No money=No heat, electricity, phone,cable and other infrastructure.
Moms and Dads will do the unthinkable to keep their children fed.
No SS checks for the elderly or Welfare for the poor.
People who had worked a lifetime found that their valuables would not buy one cup of coffee.
The law-abiding citizens will crumbled into petty thievery. Riots and looting, and drastic elimination of the population will occur for both good people and bad.
Gasoline is siphoned from cars until there is no more.
Hospitals and pharmacies will be emptied of all drugs and medicines, patients as well.
Trucking will end and grocery stores will not be restocked.
Farmers will not be able to plant or harvest.
There will be no laws or anyone to enforce the old ones.

Those families who survive the first month, will have received the education of a full combat veteran. America will be a 3rd world country and surviving will only be possible for those willing to adapt. Those who stay morally just and are willing to work harder than they ever have in their lives will survive.

There will be roaming criminals and gangs of lazy entitled people who think their survival is more important than yours. True survivors will walk softly and carry a big stick. Yes, guns will be the only way to protect the haves from the havenots. And the banding together of good people in small protective groups, who will work to protect and survive all dangers presented, will be the norm.

And what happens with the government and the USA? Those officials who are not assassinated or have commited suicide, will have gone into hiding. There will be no one left in Washington to take charge. The World economy will suffer and other countries will soon follow suit. The foreign investors who feel they need to be paid back for their ustreasury bills and other assets, will come calling to take possession. Other countries may see it as a great opportunity to do the same and they will go to war against each other on our soil.
Our troops are stranded in Iraq and Iran. Our military here at home, as well as citizen volunteers, will be commanded by true Patriots and will fight the good fight. The outcome is anyone's guess. If nuclear warheads are never used and foreign intruders are sent packing, recovery of the homeland will be slow.

Survivors will be as the pioneers were and the economy be built by trading and bartering for labor or the products made. Trade fairs and farmers markets will bring in more buyers and sellers. Gold and junk silver coins will be the mobile currency until small town banking can back notes and loans to bring local commerce back. A Free-Market entrepreneurial economy will pave the way for the New Libertarian - one who opposes government intervention, i.e., a defender of Liberty and Constitution.

It will take years, possibly decades before the people slowly allow any formal government to intrude in their lives. When government and taxes are needed for the expansion, the Constitution will be followed. All tax dollars will be held by the States as the new Treasury. The Government will never spend more than what is collected and any Bill that spends tax dollars that effects future generations, will be voted on by the citizens before going to the President for signing.
America will become American again and alot of tuff Patriots will sacrifice everything to make this happen.

Parting thought, as we head into 2010, go prepared people. Do the simple research of what you need to do to get prepared for the worst, it will be the best insurance you can buy. Invest your dollars while they still have value. Have plenty of food and water on hand and get the skills and knowledge to make the right decisions for optimal self sufficiency. Also, follow the wise advice on many great websites, forums and podcasts. Get Ready!

http://www.preparednesspro.com/blog/
http://americanpreppersnetwork.blogspot.com/
http://www.thesurvivalistblog.net/
www.TodaysSurvival.com/forum
http://vikingpreparedness.blogspot.com/
http://www.prepperpodcast.com/
http://www.grandpappy.info/honehour.htm


Dec 27, 2009

What's Gold worth?



Those commercials to invest in Gold flood the radio and TV. They say to secure your portfolios with gold. There's no doubt about it, we're in the middle of a very bad economy and 2010 is going to be a tough year.

If you look up the prices, you think there is 'no way' to get involved buying now.
As preppers, we have read that it is a good idea to have some on hand before SHTF.
So what's your reason or definition of gold & silver?? And what's it worth?

What if things get really bad? What if every "asset" you have disappears and you are on your own? What if the government is gone and there is no order? Gold coins will be your secret weapon to get through the mess. No matter what, they are always worth money. You will be able to use your old coins to barter and get yourself and your family to safety. Of course, it will be the wild west and you will need to fend for yourself and avoid getting taken advantage of (and your gold stolen) but if you're savvy, it's better to have gold on your side than nothing. Of course, in this case, it's unlikely you will be able to get to your safe deposit box and that's why I recommend being smart about hiding some gold and silver coins in your home and on your person.

Gold jewelry is going to be worthless in trade and gold bought from the trading houses and held in reserve 'on paper' is going to be worthless.
Only Coins...will be trusted.Gold coins or old silver, pre-1965 and in any condition, will be far more valuable that bullion chunks because it would be hard to make change from large amounts.
Coins in hand, are portable, readable, measured, authentic and good from any country. These coins will not be backed by any government, they are valued for just what they are...pre-measured valued asset in assayed metal.
Barter will be the fare of the day, but adding a few coins to the deal, will assure you make the trade. Adding a few coins in the post economy of your immediate trade area will also add 'currency' into the hands of those who didn't plan ahead.

If you ask the average person what they think about gold, they picture a pirates treasure chest of chains and goblets, bags of nuggets from a miner or they picture big heavy bricks at the Mint. When they see a coin, all they can come up with for value is just a little above face value for vintage sake. Check out this Youtube...
http://www.youtube.com/watch?

Average people on the street have no clue to the value of gold and silver. They don't realize they will need something of value when the paper dollar is worthless. Clueless is, what clueless does...so they must have looting as their game plan when the dollar hits the skids....

And if gold and silver coins are not in your budget, better be checking with aunt Betsy or Grandpa NOW to see if they have some pre-65's in a fruit jar somewhere that you can trade some work for. Next best thing is to collect high priority barter items and that list is long. Buy junk coins in this recession, and your life could improve! I truly wish you the absolute best of luck and hope these tips help you through some difficult times.

Dec 16, 2009

For Better or Worse...Man of the Year


Ben Bernanke is More Powerful Than Obama and is Man of the Year!

Ron Paul: "Ben Bernanke is the most powerful man in the world because he controls the supply of money, which is the dollar, which is the reserve currency of the world. He can create a trillion dollar in secret without any monitoring by the Congress. So there's no transparency and I think he is more powerful than the President.

The big question is, has he used that power for good, or for evil? And of course, my side of the argument is, the system is evil, and the chairman, whether it's Greenspan or Bernanke, they can do no good. They cause our troubles, they cause the inflation, they cause the bubbles. And therefore the bust, the correction, is always their fault.

Ron on YouTube:
http://www.ronpaul.com/2009-12-16/ron-paul-reacts-to-ben-bernanke-as-time-person-of-the-year/