During the Senate discussions about the impending bailout of the banking system, Ron Paul questioned Bernanke’s authority to create money to purchase bad debt and take a gamble that they can get rid of it later. Bernanke’s response was that the Congress “is given the authority to coin money, and to regulate its value, and they delgated that to us [the Federal Reserve].” (in this video, at the 6:20 mark) Bernanke’s right, but he’s also very, very wrong. Here’s why. Read more»
Apr
24
The guys over at Market Ticker have a nice piece on why we’re experiencing this economic crunch. Here’s some excerpts:
People blame “Cheney” for the high price of oil and invading Iraq to “boost his buddies” but in point of fact the remaining reason we have high oil prices that are squeezing you like a turnip is that our nation’s accounting is fraudulent, corporately and nationally, and other nations have had enough of it, driving down the value of our currency. The consequence is served up upon you as a consumer in the form of higher costs for food and energy as the price of everything we import translates directly into your wallet.
Oh, and a little bit on the second ammendment
And don’t start with “the army has more guns than I do, therefore it doesn’t matter.” Of course the military and police have more guns than you do! They’re also better trained. So what? The purpose of the Second Amendment isn’t to allow you to “go postal” against the government, it is so that you and all 299,999,999 if your neighbors in this great nation can do so all at once if it ever becomes necessary.
I say, power to the people, not the government (which is not the people, but of the people and for the people).
