I'm a free market conservative/libertarian, and I call em as I see em. I believe strongly in Austrian economic principles, personal liberties, and small governments. I believe these are the necessary ingredients to a prosperous and moral nation.
Don’t get me wrong, Ron Paul is a great GOP presidential candidate and masterfully explains Austrian economic theory better than I’ve heard from any politician. His eagerness and will to abolish the Federal Reserve and return us to the Gold Standard are two great tactics for restoring America’s diminishing prosperity and superpower status.
U.S. foreign policy in southeast Asia at the time was based on the Domino Theory, which demanded that we support any opposition to communism because once a country fell, others in the region would also fall to communism, like dominos. This would theoretically lead to millions of political executions, thousands of political prisons, skyrocketing poverty, and mass starvation. Liberals mocked it, Ron Paul opposed it then and now, and the mainstream media deemed it ridiculous.
But it was true.
EVERYTHING the Domino Theory predicted came to fruition. One after another, southeast Asian nations fell to communism, a half-century of prosperity vanished, tens of millions of people were killed on battlefields or executed, and millions more would starve over the following 30 years.
Ron Paul was wrong then, and he’s wrong now.
South Vietnam was an ally of ours. They were invaded by a ruthless, well-armed, and well-funded communist neighbor to their north, and they asked for our help. If Ron Paul thinks we should turn our back on our allies every time they are in trouble, we’re not going to have many allies left. Why would they trust us? Or a better question is, Why would they trust President Ron Paul?
I know most people aren’t paying attention at all to the current debate over the federal government budget, simply because they are clueless as to what’s at stake. They have lived their lives in relative comfort, all their basic needs being met just by working a steady job, taking out a few loans when they want something they don’t have the cash for, and just relying on the wise politicians to keep everything going.
Those days are over.
Let me be more blunt. Your standard of living has just peaked sometime in the past 5 years. For the rest of your life, you will not have as much “stuff” as you have now.
Watch this cute video about where we’ve been and where we’re going:
It’s really not that complicated. The federal government spends a WHOLE LOT more than it actually takes in. Regardless of all the naysaying you hear from the media and politicians, almost ALL government spending is simply giving money or free stuff to people. A LOT of people. But as the spending gets bigger and bigger every year and the money brought in stays almost the same (mostly because of the recession), we are approaching a breaking point.
This CANNOT go on forever. It’s like renting an apartment that costs twice as much as your actual monthly take-home pay. Since you can’t afford it, you just put the rest on credit cards. You pay only the minimums every month and just apply for more credit cards. Every couple of months you get a new card, max it out, and add its monthly minimum payment to your big stack of bills. Eventually, you will reach a point when, even while paying only the minimums, your monthly credit card bills are bigger than your paycheck. Credit card companies will want their money, and they will get it, one way or another. You can only refinance so many times. The banks will want their money back. You can’t go on stealing from them forever. Game over. You lose.
Now at the federal government level, this problem is a lot bigger with much more dire consequences. You see, most of this debt isn’t held by credit card companies with sensitive PR departments. It’s held by foreign countries. With militaries. And no sense of humor.
When the government reaches a point that it can no longer pay back the trillions of dollars that it has borrowed from China, what do you think is going to happen? You think they can just print more and China will take it as payment? Not likely. If they just print more, the money becomes worthless. China gave us the trillions of dollars back when the dollar could buy 2 apples. They are NOT going to take the same trillions of dollars back when it takes 5 dollars to buy one apple. No way, no how.
Instead China will demand the apples, not the money that can’t buy apples anymore. Or maybe some money from another country that still has the ability to buy apples. They aren’t likely to “negotiate” either. That’s a lot of apples. And they have a lot of mouths to feed. And they don’t have a sense of humor. This is where their military comes in. They will use it to demand what’s due to them. And the ENTIRE WORLD will back them. You can’t just take money from somebody, promise to give it back, then only give back a little bit of it and expect them to go away happy.
And that’s only the half of it.
Remember all that money the government has been borrowing from China to give away to the American people or to buy stuff to give to the American people? Well, when China figures out our government can’t pay them back anymore, they’re going to stop loaning the USA the money. No money = no freebies to the American people. And that’s a LOT of American people that are going to stop getting their freebies. And, of course, the biggest problem here is that they have been receiving their freebies for so long and they have been given so many promises by politicians, they believe they have earned these freebies and have a right to them. Just like in Greece, when you take away peoples’ free stuff, they get very, very, very angry.
And nobody will be there to bail us out. I promise you.
Because of the nature of financial dealings, both of these problems – China and the pissed-off entitled Americans – are going to occur at roughly the same time, with horrible consequences.
1) China will launch a large-scale war and invade the United States.
2) The entitled Americans will ignite a civil war.
These two things are inevitable. And they will happen within the next thirty years.
There is one, EXACTLY 1…let me repeat, there is ONLY ONE way to prevent the destruction of the United States. There are NO OTHER FEASIBLE SOLUTIONS:
We must reduce the size of the federal government to LESS THAN ONE-THIRD of its current size.
There is absolutely no other way. I don’t care about all the lies you hear in the media. There is no other way. Your country will cease to exist within 30 years and tens of millions of people will die if this doesn’t happen.
The is probably the most common question I read from Democrats who claim they want to compromise with Republicans.
The answer is pretty simple: Because Republicans refuse to kill any chance of an economic recovery and increase unemployment just so the Democrats can continue their unfathomable social program expansions and trillions of dollars in free handouts to their special interest groups.
The Republicans believe it is because of these Democrats’ issues that got us into this predicament to begin with! It’s absolutely, 100%, completely ABSURD to continue on such a destructive path!
It’s like a crack addict losing his job, car, house, and all his money then becoming confused and belligerent because his brother won’t give him $20 to buy another crack rock.
Yesterday on PBS, Senator John McCain (R-AZ) said this:
“I am a little bit aggravated by this hype that somehow Al Qaeda is going to take over this organization. There is no evidence...And in addition to that, you know, you have got to go a long way to be worse than Qaddafi”
…breaking barriers by becoming the first female VP candidate on a major party ticket.
I was in elementary school when she ran, but some of us remember her for something far more important: losing an election by the biggest landslide in nearly 50 years. Lucky for everybody on the planet, the Democrats lost and Reagan won…the economy took off, the Berlin wall came down, we won the Cold War, and the world would go on to see its greatest victory for liberty and largest economic expansion in history.
It’s a good thing Ferraro didn’t break any bigger barriers.
A recent article says that poverty levels in the U.S. are expected to reach 15% in an upcoming report, the highest in nearly 50 years. Obama has been saying more often lately that the key to reducing poverty is creating jobs. He is correct! But temporary stimulus jobs created by the government shifting money around in the economy is NOT the way to do it!!
John Maynard Keynes has been proven time and time again to be WRONG! His theory of massive government deficit spending to try to reduce the effects of recessions has one again become a catastrophic failure!
The only jobs that can bring us out of a recession and reduce poverty must be a result of long-term investment into capital projects that raise levels of production. Businesses at all levels of the supply chain must be convinced that the orders coming down the chain are NOT temporary but recurring sales.
Business leaders do not make long-term decisions like full-time hiring, expansion, inventory level increases, etc., just because there was a blip in the sales this month. These ridiculous infrastructure projects of FDR's and Obama's have NO effect on long-term job creation.
Full-time jobs are created by employers who have confidence that their sales are up PERMANENTLY. Sure, companies that receive part of a $700 billion stimulus package are going to be thrilled, but they will NOT use this to create jobs. That would be insane. They'll use it to pay down debt, fix some delayed maintenance issues, maybe repave the parking lot, or put it in the bank.
You want to create jobs across the board? Reduce or eliminate the corporate income tax, personal income tax, sales tax, or any of these other taxes that serve no purpose other than to shift wealth out of the private sector and into the hands of government bureaucrats.
I'm sick and tired of public school teachers whining about there not being enough money in the schools. It's all a bunch of bull! I've had it with them guilting everybody into agreeing to yet ANOTHER increase in their property taxes this year. Nearly everyone in the private sector has been affected negatively by this recession: lost jobs, salary cuts, benefit cuts, salary freezes, hours cut, etc. When's the last time a TEACHER suffered from any of these things? Ha!
I'd like to see one of these greedy teachers explain to little Sally the REAL reason why her parents both lost their jobs this year: "Sorry sweetie, I know your parents are unemployed, you won't have a Christmas, you've lost your health insurance, your grandmother is moving into the Projects, and you're about to lose your house and all, but I really need to retire with a full pension and free health care before I turn 47."
The central banking and political world are up in arms about a planned John Maynard Keynes book burning.
The burning was announced by Jeff Berwick, Chief Editor of The Dollar Vigilante, to take place on December 23, the anniversary of the Federal Reserve Act of 1913.
Top central bankers in the United States warned that flimsy economic theories would be in danger if the burning of a copy of John Maynard Keynes, The General Theory of Employment, Interest & Money went ahead.
"What is most dangerous," stated one central banker, "is if this causes people to even logically think for more than a few moments about economics then this entire structure we've built could begin to collapse. We've done a great job for a long time telling the average man on the street that economics is too difficult to understand."
According to USA Today, About a dozen communities around the country are now printing and issuing their own currency, like the Detroit Cheers, Ithaca Hours, and Massachusetts Berkshares.
Although this practice did become widespread during the Great Depression, it was NOT because of bank closings, as the article mentions. Under the governship of Benjamin Strong before his untimely death before the Depression in 1928, the Federal Reserve of New York justifiably wielded its power to head off runs on banks by printing MORE currency and loaning more money to commercial banks and bank associations. This put a lot more currency in the hands of banks that customers thought were on the verge of collapsing.
Because of the nature of the industry, banks had access to only 5-10% of the cash needed to fulfill the withdrawal demands of every customer desposit. When customers got wind of a bank’s potential failure, they would rush to the bank to withdraw their own money. If the bank complied with every request, they were forced to seek emergency funds and loans from the Federal Reserve, other banks, or bank associations. So a bank run that wasn’t headed off could cause a domino effect. Strong's policy to supply the banks with a little more cash during bank runs saved dozens of bank closings during the 1920’s and actually delayed the Depression by at least 2 years.
After his death in 1928, the Federal Reserve, under EUROPEAN PRESSURE, was more scared about tiny fluctuations in inflation (that these emergency distributions of cash to banks caused) than they were about the closings of banks and the public's loss of confidence in the banking system. So when bank closings began in mid-1929, and in particular the collapse of the Bank of United States in New York in 1930, the Federal Reserve began REDUCING the printing of currency and loans to banks. This caused even more bank closings, eventually reaching into the thousands by 1933, costing Herbert Hoover the 1932 Presidential election.
So the Federal Reserve, under new direction and new policy at the beginning of the Depression was the REAL CULPRIT of the Depression, NOT PRIVATE BANKS. They simply didn't do their job and caused the largest economic failure in world history.
In response to a lack of federal notes, communities all over the United States started issuing their own currency. They saved a lot of local banks, local businesses, and jobs. But the Federal Government had created such a catastrophe; local banks and communities could only ride it out. And they would have helped end the Depression by 1936 if Roosevelt hadn't bankrupted the country with the "New Deal", precisely the formula that Obama is ruining the country with today.
As if the irrational, irresponsible, illogical, and gullible public needed more fuel on the fire of their unjust outrage over AIG’s 400-employee bonus program, Connecticut Attorney General Richard Blumenthal tells anyone that will listen—so far, this includes CNN, The Wall Street Journal, and Associated Press—that AIG understated the total of its March bonuses by $53 million.
As it turns out, Blumenthal, and everyone working in the Connecticut Attorney General’s office, missed one small detail: they included in their 2009 total the bonuses AIG distributed to employees and openly reported to the Treasury Department in 2008!
When President-Elect Barack Obama arrived at the White House for the first time after the election, nobody really knew what to expect from him or his wife, Michelle. But after seeing Obama walk with President Bush to their first presidential meeting, it's painfully obvious that Bush will take the last remnants of class with him. As you can see from the video below, Bush demonstrates sophistication and a little grace, while Obama simply looks like a street thug in a suit.
How utterly embarrassing to the United States, democracy, and the electorate.
After taking over the Oval Office in 1977 during bad and worsening times, former President Jimmy Carter succeeded in making everything far worse and lost his 1980 re-election bid in a landslide to Ronald Reagan. Lately he's been reviving his political career by befriending every leftist, murderous, tyrannical dictator in the world and validating their sham elections while never missing an opportunity while traveling to all of the countries of our sworn enemies to denounce every domestic and foreign U.S. policy in existence.
Zimbabwe's President Robert Mugabe, one of the worst national leaders in world history, has led an ethnic cleansing of Zimbabwe's economic infrastructure over the past 15 years that has resulted in annual inflation rates exceeding 10,000%, mass starvation, cholera outbreaks, record joblessness, and record crime rates. One would think that the recent history of these two men would create an instant child-like bond. But no, Mugabe doesn't trust Carter and has refused him and communist Kofi Annan access to Zimbabwe while on a mission to "address the humanitarian crisis", which is a cleverly written expression by the group's public relations team that hides its more likely intentions: to shore up Mugabe's political base and re-organize the effort to both literally and physically stamp out all political opponents, women's rights groups, and free market proponents.
In the two days of trading on the NYSE since the presidential election, the Dow Jones Industrial Average (DJIA) has lost a record-breaking 929.49 points. After the Dow closed at 9625.28 on Election Day, Barack Obama was declared the winner of the 2008 Presidential Election just a few hours later. The Dow responded by closing at 9139.27 (486.01 point loss) on Wednesday, then 8695.79 (443.48 point loss) on Thursday. As of today, November 7, 2008, The Dow has not had a bigger two-day point loss in its 80-year history.
How does the percentage loss compare with historical losses? It's almost as bad. The 9.657% decline is the 13th worst in history and the worst since the market crash of Oct. '87. In fact, as you can see below, excluding the week of Black Monday, the Dow's 2-day losses were the worst since the Great Depression.
It's curious that the Obama supporters have been claiming that only Obama can "fix" the economy when the stock market, the backbone of the U.S. economy, is clearly preparing for the complete opposite. I wish that only the Obama voters would get what they deserve, but unfortunately, as demonstrated on Wall Street this week, they're going to drag the rest of us down with them.
For all of you greedy baby-boomers out there that were so worried about your retirement savings under Bush and have been clamoring for "change"? Don't come running to the rest of us to bail you out when your president of "change" wipes out the rest of your retirement by destroying confidence, taxing you up the wazoo, and saving Social Security by raiding your 401k's and IRA's!
Obama's election victory hasn't even been validated by Congress yet, and history is already looking poorly upon his administration. In the 2012 election, when the GOP gets an easy victory over Obama, the only question will be which president did more damage to the U.S. economy: Barack Obama or Jimmy Carter?
Consider the game of chicken that plays out every day across Pennsylvania State Highway 441. In Marietta, where the road hugs the Susquehanna River, a Rutter's Farm Store gas station stands on one side, a Sheetz gas station on the other.
Kelly Bosley, who manages Rutter's, doesn't even have to look across the highway to know when Sheetz changes its price for a gallon of gas. When Sheetz raises prices, her own pumps are busy. When Sheetz lowers prices, she has not a car in sight.
She calls Rutter's headquarters to report the competition's new price and wait for instructions.
"I call a lot of times and say, 'They went down, hurry up! Hurry up! Call me! Call me!' Or it could be where theirs goes up, and I'll say, 'Take your time! You know, I like being busy.' But I have no control over that."
Without getting into all of the Constitutional Amendments that have been violated by Texas authorities in the FLDS situation, I've noticed something peculiar about how efficiently CPS and local law enforcement were able to take 400+ children into custody. Haven't government officials in nearly every state been telling us for years that they don't have the resources to handle a potential deportation of illegal aliens and they fear the moral dilemma of ripping families apart? How strange now that Texas was able to whip up the resources to arrest innocent children, predicated on a phone call that may actually have been a hoax, and that they suddenly have no problem with ripping families apart?
One wonders that if these FLDS members had been either illegal aliens or anything other than Mormon, would this have ever happened?
Let me say that I have been a big supporter of Mitt Romney for years. He's one of the best things going for conservative Republicans in a time when we desperately need something or someone to pull us through this Bush-led coup d'etat of the GOP. Bush and his socialist wing of the party are slowly destroying any principles that the GOP has ever stood for. McCain has more than aided the destruction - he's transparently befriended the mortal enemies of the party.
So while Romney has become more conservative with each passing year and is actively courting a slowly diminishing conservative bloc, why is he bothering to endorse a man with whom he has such obvious differences with? I think a deal was made, and I have a theory as to what it might be.
Think back to Super Tuesday. McCain swept the field and emerged as the clear front-runner. Long-time GOPers and the entire Huckabee campaign staff were asking Romney to step aside for various reasons, but they were all pointing toward consolidated support for McCain. But Romney refused and said he would remain in the race. Only two days later, with the GOP delegate count remaining the same, Romney did a 180 and announced he was suspending his campaign. Why the change of heart?
My best guess is that McCain and Romney made a deal. McCain will be 72 years old next January when the next President takes office. If McCain becomes our next president, after 4 years of failing health, anger management problems, and an awkward public personality, McCain will be a terrible candidate to run for re-election in 2012. I think McCain and Romney made a deal that includes:
Romney must suspend his 2008 campaign for President
Romney will endorse McCain publicly
In 2012, McCain would not seek re-election
Romney will seek the 2012 GOP nomination with a crucial endorsement from President John McCain
Others are speculating that Romney may end up on the McCain ticket, but I doubt it. McCain desperately needs to court Conservatives and the South, both of which Romney has not been a clear favorite. More obvious VP candidates include Mike Huckabee, SC Senator Lindsey Graham, and Florida Governor Charlie Crist. McCain's already received Graham and Crist endorsements, but I strongly believe that Lindsey Graham (an Air Force Colonel and Judge Advocate and an actual Iraq War Vet) has already made a deal with McCain to receive an appointment as U.S. Attorney General. If Huckabee can work out a deal with McCain to leave the race, he will clearly be the favorite for VP.
In an appalling pronouncement of Marxism rarely seen from a mainstream political party, an office of eager volunteers for Barack Obama's campaign in Houston, TX shamelessly hung a Cuban flag depicting Fidel Castro's notorious psychopathic executioner, Che Guevara.
Watch this video from MyFox Houston to see for yourself.
An Open Letter To Mexican President Felipe Calderon
Dear President Calderon:
As you are no doubt aware, America the Great is quickly becoming America the Gray. The so-called "boomer" generation, comprised of approximately 40 million Americans, will soon reach retirement age.
As they age, America's boomers yearn for a less frantic pace---and a lifestyle that allows one to pause and smell the roses now and again.
In other words, boomers are looking for the "Good Life" which is supposed to accrue to those who work 45 years, pay ungodly amounts in taxes, raise a family, put children through college, and baby-sit the grandchildren.
In one of the most brazen displays of hypocrisy in Bush's tumultuous years as President and head of the U.S. military (aka, "Commander-in-Chief"), he phoned Pakistani President Pervez Musharraf today to tell him, "You can't be the president and the head of the military at the same time."
two great tactics for restoring America’s diminishing prosperity and superpower status. 
