Category Archives: Economics

US Government broke so let’s spend another $600 Billion

The Federal Reserve and the Federal Government partners in crime

The Federal Reserve and the Federal Government partners in crime

You probably know someone who lives high on the hog on credit cards and money borrowed from home equity lines of credit. These people always have the latest new toy and the best of everything. Only they know how deep in the hole they’ve dug themselves. Until one day the For Sale sign appears on their front lawn. And the foreclosure notice appears in the newspaper. There are many people who live this way and most probably wish they had a secret printing press to rescue themselves from the fruit of their excess.

Generally, those people hurt only themselves, their immediate family, and the risk takers who foolishly lent them money.

What happens though when those engaged in riotous and carefree living are elite members of your government? America for decades has been subjected to one series after another of huge entitlement programs that are literally sapping the lifeblood out of the country. Like the neighbor who spends money it doesn’t have, the US government has been on a lunatic spending spree that threatens the very survival of the nation itself.

Today, the Federal Reserve, which shouldn’t even be in existence, is publicly discussing the infusion of $600,000,000,000 into the economy – to get the economy “moving again”. This is like that neighbor going wildly into debt, teetering on the brink of bankruptcy, and then borrowing hundreds of thousands of dollars to get back on their feet. You would never live like that. I would never live like that. Most Americans know better.

So why then do we sit back and say absolutely nothing while a conceptually Marxist central bank that shouldn’t even be there, issues a policy statement that will lead to the certain destruction of America? Artificially propping up the economy by infusing a 1/2 billion dollars worth of fake currency is just plain suicidal.

I mean, who else wants to prop up their failing finances with fake money that they spend anywhere they want? I would love to go into my basement and print up $100,000 or so and retire all my debt. Or go out and ‘stimulate’ the economy with my own ‘infusion’ of cash. Why don’t we all just go out and print up some money?

The US federal government along with the gangsters at the US Federal Reserve are going to drive up your costs beyond anything you can imagine. History is full of events that detail out of control renegade governments who print funny money. Zimbabwe and WWII Germany come immediately to mind.

History tells us your gas costs for your vehicle could well hit $9 per gallon or more as a result of US federal government monetary policy. Don’t blame the oil companies. Blame your government. Electricity could double or triple in price. Again, don’t blame your utility, blame your government. Food is already marching upward in cost. It’s going up so rapidly, the government conveniently leaves food out of it’s monthly cost of living increase report. Adding food into that report would show in stark detail that inflation is rapidly growing.

Americans must immediately demand the end to fraudulent Quantitative Easing and the rest of the funny money shenanigans perpetrated by the thugs in the Federal Reserve along with their accomplices in the federal government. Now that there are new elected officials, can we hope for some restoration of sanity to our government?

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Filed under Banking, Economics, Socialism

Shouldn’t Obama Be Fired Too?

President Obama recently terminated Rick Wagoner, CEO of General Motors. Now, Wagoner may have deserved punitive action for his failure to lead the giant auto maker through the latest government created financial crisis. But did he really deserve to lose his job? If so, why not apply the same logic and get rid of Obama too?

Look at the federal government’s actions for 1st quarter 2009. Their $3.6 trillion budget plan projects a deficit of $1.4 trillion for fiscal 2010 and $3.95 trillion from 2010 to 2014. Incredibly, the Office of Management and Budget titles the bloated spendapalooza, “A new era of responsibility”. Billions of taxdollars have been handed over to private banks and AIG. Billions more were given to automakers. Billions are in the budget for new government programs. In the midst of this orgy of spending, Obama and his merry band of socialists are busy trashing American business as the ‘cause’ of all our economic troubles.

And don’t you love Obama playing the big shot President of the United States? It’s like something out of a fantasy socialist reality TV show. Here he is ‘firing’ the CEO of GM. A CEO who spent a lifetime of creating real jobs and real value for shareholders. What has Obama done to deserve to tell GM how to run its finances? Let’s see. He spent 20 years walking the Chicago slums creating unrest as a “Community Organizer”. And he taught a bit on the Constitution. (On how the Constitution is a flawed document). Business experience? Uh- anybody got anything? Oh yeah – he was a lawyer for awhile.

But back to GM. They made a deal with the devil – the US government. Now they are paying the price. This is what happens when you do business with the US government. Don’t forget however that GM created hundreds of thousands of jobs. They sold millions of cars. They endured endless government meddling, regulations, and taxes. Foreign competitors hacked away at their market share. Through all this, they managed to make payroll and until recently, a profit.

Our federal government on the other hand, never has to worry about pesky profits or where they’ll get the money to float their endless spending programs. First, they have the military. So when they demand that you pay up – you pay up or else. Another special resource at government disposal is the private Federal Reserve. It’s like having your own money machine right in your basement. But you can’t have one – it’s only available to huge spending profligates like the current Keynesians taking up space in the White House. When they promise you a huge free program like health care – why they simply print more money to pay for it. Or they suck the taxpayer dry like a spider on a fly.

If the federal government had to conform to regular accounting principles like the businesses they publicly trash, they would be bankrupt. Compare the finances of the US government to those of GM. If GM CEO Wagoner needed to go, so does Obama. He’s no better.

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Filed under Economics