Archive for the Category » Federal Reserve «

March 21st, 2009 | Author:
It does not require a majority to prevail,
but rather an irate, tireless minority
keen to set brush fires in people’s minds.
-Samuel Adams

  • CBS news poll: 53% disapprove of the government giving money to banks and financial institutions
  • Gallup poll: 60% oppose the federal government taking steps to help prevent major Wall Street investment companies from failing
  • Rasmussen poll: 54% say no to all, given the choice between federal bailouts for the auto companies, the finance industry and financially trouble homeowners or no bailouts

Given that the Washington crowd continues to pour money out by the trillion, ignoring the clear will of the people they are supposed to represent, I think this constitutes a clear case of taxation without representation.

According to the First Amendment, we have the right peaceably to assemble, and to petition the Government for a redress of grievances. And some people have already done it:

Is it time? Have you finally had enough of Washington power games? Are you ready to do something about it besides talk? Then join a Tea Party near you.

There are grass-roots movements all over the country at various times and places. Here in New York, Fresh Tea Daily is keeping track of events scheduled for April 15th – you know, tax day! As of this moment, there are events listed for Albany, Fishkill, Gardiner, New York City, Rochester, and Staten Island, each with their own facebook page where you can get details and sign up.

If you absolutely can’t do the 15th, then do a google search and find one in your area on a different day.

If you just can’t attend an actual protest, you can still get the T-shirt – or the bumper sticker.

And if you don’t have enough money to buy a T-shirt or a bumper sticker, you can still participate. Another group is mailing tea bags to Washington, DC, but they want them all mailed on April 1st, to make sure they get there by – you guessed it – the 15th.

So you are out of excuses. If you want the government to stop giving money away, pick one of the above and just do it.

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March 18th, 2009 | Author:


CBSNEWS The Federal Government’s flood of red ink hit another high-water mark as the Treasury Department quietly reported today that the National Debt hit $11-trillion for the first time ever.

To be exact, the Debt now stands at $11,033,157,578,669.78. Divide it by the U.S. population and it comes up to over $36,000 in debt for every man, woman and child among us.

My brain just freezes when I see numbers like this. The debt jumped a full $1 trillion since September 30, and based on the budget, by next September 30, it’ll be up to $12.7 trillion. Then throw in this kicker:

The Administration’s four year estimate shows that by the end of September 2012, the Debt will have soared to $16.2-trillion – which amounts to nearly 100% of the projected Gross Domestic Product that year.

There’s only one thing that I see to do about this: sing.

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Category: abuse of power, economics, Federal Reserve  | Comments off
March 18th, 2009 | Author:

If we don’t want to know that the Fed has been sending our tax dollars to bail out overseas banks, then surely we don’t want to know that the G20 finance summit this weekend is planning to have the IMF (International Monetary Fund)

print billions of dollars worth of a global “super-currency”

which a former IMF head acknowledges will create world-wide inflation.

The Primate Party, of which I am a founding member, has determined that not only are party members forbidden from discussing Washington, they may no longer read any financial news.

In addition, we don’t want to hear any conspiracy-nut theories about a One-World Currency.

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Category: economics, Federal Reserve, Primate Party  | Comments off
March 17th, 2009 | Author:

Regular readers are aware that I have strongly supported Ron Paul’s bill to make the Fed accountable for the billions of tax dollars they play with – but I think I’m changing my mind.

I think, instead, that I’m going to adopt a new political policy that seems to work well for many Americans. I call it the Primate Party, because it looks like this:

hear no evil, see no evil, speak no evil

The first obvious requirement of membership in this party is that we’re not allowed to talk about anything done in Washington. I believe this must include the Fed, so I won’t tell you that for more than a year, the U.S. Federal Reserve System has been increasingly acting as the world’s central bank, injecting hundreds of billions of dollars into foreign government treasuries in an effort to increase liquidity in those countries. I won’t mention that we, the taxpayers, have also bailed out foreign banks indirectly by pumping billions into American Insurance Group, which announced Sunday that it had forwarded that cash to counterparties that include foreign banks such as Societe Generale, Deutsche Bank, Calyon, Credit Suisse, the Royal Bank of Scotland and Barclays.

Nope. I won’t speak of this, and I think HR 1207 should not be supported by the Primate Party.

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March 11th, 2009 | Author:
When I first posted on this bill from Ron Paul, it had 11 co-sponsors. As of today, it has 21. Because I’m usually slamming Congress, I want to give these folks an “attaboy” for supporting something that might actually help our economic situation. The links are to each reps page on gov.track.us.

Rep. Roscoe Bartlett [R-MD]

Rep. Tom McClintock [R-CA]

You might notice that there’s not even one rep from New York on this list. Is yours? If not, go to Congress.org and tell them to support this bill.

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Category: economics, Federal Reserve, Ron Paul  | Comments off