Sunday, April 23, 2006
Cash Is Trash!
(Chart source – Baron’s)
THE PICTURE - Your wealth is being stolen due to inflation, period. Whether you like it or not, central banks continue to churn out a ridiculous amount of paper currencies thereby robbing you of your savings. This is a crucial issue which you must understand if you want to survive and prosper over the coming years.
Money is supposed to be a store of value that acts as a medium of exchange. Well, the paper in circulation today does act as a medium of exchange because you can go to Starbucks and buy a cup of fancy coffee but it surely isn't a store of value! How can it be a store of value when it buys less and less with every passing year? In fact, the US dollar has proven to be such a great store of value that it has lost 92% of its purchasing power since the Federal Reserve was established in 1913! Figure 1 clearly demonstrates the consistent decline in the purchasing power of the US dollar. Unfortunately, this trend is going to worsen in the future, thanks largely to the loose monetary policy of the central banks. So, you can be rest assured that parking your wealth in the "safe haven" of cash is the quickest route to the poorhouse! It is sad but true - cash is trash!
Remember, Rome fell when the money was debased 90%.
Bush warns of 'tough summer' with higher petrol prices
While the oil companies deny any manipulation, public confidence was eroded at the recent report that exiting Exxon Mobil executive Lee Raymond was getting a 400 million dollar retirement package. [breitbart.com]
Imagine my surprise!
Thursday, April 20, 2006
A LOOK BEHIND AMERICA'S IMMIGRATION NIGHTMARE
By Steven YatesApril 20, 2006 NewsWithViews.com
We The People will be helpless in responding effectively to the current crisis unless we make a concerted effort to identify who the enemies of America really are and understand how this crisis was brought about. Perhaps we can even enlist some of the Hispanics themselves if they can be made to realize they are being used as cattle, just as we are.
We ‘gringos’ are certainly not their enemy. Nor are they necessarily our enemies. What we must be willing to do is expose the global-hegemonists—the one-worlders (Fabians, CFR / Trilateralists, Rockefellers, etc.)—as the enemy, and then start getting behind ideas, institutions, companies, and candidates for public office who are not bought and paid for by them. [NWV]
Friday, April 14, 2006
Village Councilman refuses to take oath of office.
His loyalty is to the Constitution, not to this government:
In Florida, prior to performing the duties of public office, the public officer must take and file an oath of office which states that “I do solemnly swear (or affirm) that I will support, protect and defend the Constitution and government of the United States and the State of Florida.”
State law is very specific that if a public officer does not take and file his oath of office he in essence refuses to serve and vacates the office as a matter of law.
No oath, no office.
Dalack has stated that if he takes the oath, then he in essence is supporting the war in Iraq and the Bush administration which he does not do.
He has sued the municipality in federal court to have the oath declared unconstitutional because he says it violates his right to free speech and denies him, without due process, his right to occupy his elective office. Dalack also wants the words “and government” removed from the oath so that a person doesn’t have to swear or affirm that he or she supports the government.
Monday, April 10, 2006
This is your brain on paper money.
Sunday, April 02, 2006
An inversion of reality, or the reality of the inversion?
UK - Government in secret talks about strike against Iran
The United States government is hopeful that the military operation will be a multinational mission, but defence chiefs believe that the Bush administration is prepared to launch the attack on its own or with the assistance of Israel, if there is little international support. British military chiefs believe an attack would be limited to a series of air strikes against nuclear plants - a land assault is not being considered at the moment.
"If Iran makes another strategic mistake, such as ignoring demands by the UN or future resolutions, then the thinking among the chiefs is that military action could be taken to bring an end to the crisis. The belief in some areas of Whitehall is that an attack is now all but inevitable. [news.telegraph]
Fed Orders 2 Trillion Dollars Printed, Put In Circulation
Three separate sources in the U.S. Treasury have told me that this week, the federal reserve ordered TWO TRILLION dollars to be printed! The U.S. Treasury is allegedly running printing presses 24/7 to accommodate that order. Treasury employees were specifically ORDERED not to talk about this to anyone because it could cause economic collapse.
No they didn’t.....
Editor's Note: On 3/28/06 we published an article which stated that the Federal Reserve has ordered 2 Trillion dollars to be printed by U.S. mints. We mistakenly published this text instead of the one we meant to publish (below) from Free Market News. The report on the Fed's printing of 2 Trillion Dollars is not adequately supported with sources and supporting factual information. Therefore we pulled that article today, March 29, 2006 and replace it with the article we meant to publish. We apologize to our readers for this error on our part. – LMB [Axis of Logic]
FED - 'FESS UP ON M3
Thursday, March 23, 2006 - FreeMarketNews.com
As of today, the Fed has stopped publishing this data for public analysis, and DownsizeDC is not alone in its suspicions about the reasons why. There have been a spate of articles on the 'Net recently speculating about the Fed's fairly dramatic move, some linking it to a possibile Iranian commodities bourse that will offer an
alternative to the so-called US petrodollar. "The Fed is planning to do a lot of 'legal counterfeiting,' and wants to hide it," the release concludes. [FMNN]
So, what’s the lesson in all this?
“He who prints the money makes the rules”-- at least for the time being.