Monday, January 28, 2008
We are all keynesians now...
"The truly depressing feature of all the stimulus talk is that even someone as knowledgeable as Treasury Secretary Paulson believes a rebate is only good if the recipients “spend” it, rather than using it to pay down debts. Here we see the true insidiousness of the Keynesian mindset: In a time of recession, when we need to tighten our belts, the politicians encourage us to go buy new cars and plasma screen TVs. The idea seems to be that if we all just ignore the recession, it will get bored and go away."
PS: Treasury Secretary Henry Paulson - President's Working Group on Financial Markets.
Mais do "Mr Bomb, bomb Iran and more 100 years in Iraq"
PS: Um dia destes anda a alguém distraído se sai com uma sobre os 1000 anos de Reich, sorry, de liberation.
Ron Paul e a "old wisdom" dos "founding fathers"
"In 1802, then-President Thomas Jefferson wrote the following in a letter to Secretary of the Treasury Albert Gallatin:
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
[... "standing armies" e espalhados por todo o mundo e - monetary - "inflation" é o que mais têm, Jefferson conhecia a história de Roma...]
Thomas Jefferson's words are proving prophetic indeed. Today, the economic bubbles created by the Fed have resulted in massive foreclosures across the country while China and Saudi Arabia, sitting on trillion-dollar sovereign wealth funds, snap up major interests in marquee American companies. America, once the world's greatest creditor nation, is now its greatest debtor.Jefferson also stated in his letter to Secretary Gallatin that
"the issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Ron Paul, as well as the tens of thousands flocking to his campaign, is saying precisely the same thing: By legalizing competing currencies we can end the Federal Reserve's monopoly on our money supply and begin to restore value to the dollar."
Sunday, January 27, 2008
Arab propaganda wrong about Israel
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Yuval Zaliouk is an orchestra conductor with extensive experience in Israel, Europe and the United States.
The worst Israeli Prime Minister
By Yuval Zaliouk August 12, 2006
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The first thing leaders need to do
By ISI LEIBLER
January 22, 2008
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Don't Expel Jews From Gaza!
Parents of Slain Son Cry For An End to Deadly Peace Process
Megillat Bush - The Bush Scroll
Lying Visions of Peace
Israel's Only Way Out: Follow Kahane!
Ron Paul slams stimulus package, Fed rate cuts
Talking to Fox News television Paul asked where the money for the tax refunds - the cornerstone of the Bush administration stimulus package - was coming from.
"Where is the money coming from? We don't have any money over here in Washington," Paul told Fox News's Your World with Neil Cavuto.
"We have consumed everything we have gotten. So, we either have to borrow it from China or we print the money, which is inflationary. So, I'm opposed to that."
Paul says Federal Reserve moves to cut rates would further hurt the US dollar. Paul, a congressmen representing Texas, is also on the House Financial Services Committee and the Joint Economic Committee. He is a strong advocate of sound monetary policy.
The sub-prime bubble he points out was caused by rates as low as one percent maintained by the Fed under Alan Greenspan which led to reckless lending and a property bubble. Now the Fed was giving its own 'stimulus' by cutting rates.
"This is a bit of a fiction, too, because the problem comes from artificially low interest rates," he pointed out.
"And we can't solve the problems of a weak dollar by printing more dollars."
"So, I think the dollar is still going to remain under attack, because you can't solve the problem of too much credit stimulus by more credit stimulus, because it will just lead to a weaker dollar. And I think they [Fed] are between a rock and a hard place."(...)"