Archive for July 2011

U.S. debt ceiling fiasco and total abandonment of leadership in Washington

Mike Adams,
Natural News
July 30, 2011

For the last few decades, it all seemed so simple for the USA: We’ll spend other people’s money, and when we run out, we’ll just borrow from yet more people. It worked for a while… until all those “other people” (foreign central banks) got sick of buying U.S. debt. So lately, Ben Bernanke, Tim Geithner and other arsonists at the Federal Reserve have simply been counterfeiting new money instead: A whopping $16 trillion of it in just the last couple of years.

How much money is $16 trillion? Here’s a great visualization of a similar mount ($15 trillion) that really drives the point home:http://usdebt.kleptocracy.us/

Now, every time the U.S. government needs more money to prevent itself from going into a total financial collapse, it turns to the Federal Reserve which simplyprint more moneyand hands it over to the government in exchange for IOUs (debt), meaning that the Fed creates money for FREE, and then the taxpayers owe it the same amount of money it just created. Huh? Yeah, it’s like that.

But that’s not even the real theft issue here. By printing all this money and injecting it into the circulating money supply,the Fed devalues all the current dollars in circulation while eroding the value of the dollar-denominated paycheck you’re receiving, too. So all the money you worked for and saved is being stolen by the Fed through dollar devaluation coupled with the fact that you the taxpayer nowOWEthe Fed trillions more! (A double theft scam. They steal your money twice!)

Why Washington loves to steal your money

In Washington, our so-called “leaders” are not even negotiating a way to end this system. They love the fiat currency / Federal Reserve / counterfeit money machine system! It’s what keeps all politicians popular: Simply print more money, then spend it on their favorite pork projects while claiming to be bringing “jobs” to their local states and districts. Every corrupt government needs an unlimited stream of money (created out of nothing) in order to stay in power through perpetual spending. This is why corrupt governments always — ALWAYS — abandon the gold standard (which limits the creation of new money).

That’s why Boehner, Reid, Obama and others aren’t even talking about the commonsense idea of, “Hey, how do we STOP being financially burdened by this whole system?”

The answer, of course, is actually quite simple. Ron Paul already suggested it when he said, “We simply write off all the debt to the Fed.” Cancel those IOUs and let the Fed eat the loss for a change. The Fed created all that money out of nothing anyway… why should we “pay it back?” Doesn’t even make sense.

Better yet, as Ron Paul has suggested, what we really need to do is end the Fed and put control of the money supply back into the hands of Congress as it was before 1913 (the year the Fed was created, which started a century of looting of the U.S. economy by global banksters).

The Federal Reserve, you see, is a criminal gang of international money thieves who are now engineering a total economic collapse of the USA. This has been their plan from the very start, of course. Read “The Creature From Jeckyll Island” by Ed Griffin (http://www.realityzone.com) to learn some rather shocking details about the origins of the Fed and why it always intended to suck the money out of this nation.

Or watch this amazing animation film,The American Dreamat:http://www.youtube.com/watch?v

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Ron Paul & Rand Paul On The Debt Ceiling Theatre

» Alex Jones’ Infowars: There’s a war on for your mind! .socialwrap li.icon_text a img, .socialwrap li.iconOnly a img, .followwrap li.icon_text a img, .followwrap li.iconOnly a img

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Black Swans of Politics: Tricks the Media Use Against Ron Paul

I remember once arguing with an honest young atheist, who was very much shocked at my disputing some of the assumptions which were absolute sanctities to him (such as the quite unproved proposition of the independence of matter and the quite improbable proposition of its power to originate mind), and he at length fell back upon this question, which he delivered with an honourable heat of defiance and indignation: “Well, can you tell me any man of intellect, great in science or philosophy, who accepted the miraculous?” I said, “With pleasure. Descartes, Dr. Johnson, Newton, Faraday, Newman, Gladstone, Pasteur, Browning, Brunetiere

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Boehner Deficit Plan Passes: Here Is What Happens Next

Zero Hedge
July 30, 2011

As expected, the revised revised Boehner plan has passed the Congress garnering the required 216 votes to be successful (218-210 to be precise). And now that the ball is in the Senate’s court, here is was happens over the next 3 days…

Via Nancy Vanden Houten of Stone McCarthy.

Majority Leader Reid today set the wheels in motion for the Senate to begin consideration of the House bill, assuming it passes, or his own debt ceiling/deficit reduction plan.

Our understanding of the procedures in the Senate is pretty basic, but the bottom line seems to be that the soonest we would see any meaningful vote in the Senate would be shortly after midnight on Saturday (i.e. early Sunday morning.) It’s not clear to us whether that initial vote would be on some version of the House bill, Reid’s original proposal, or Reid’s proposal modified based on recommendations from Minority Leader McConnell. Without Republican input on the legislation, the odds of filibuster go up. People with more knowledge of the workings of the Senate than we have are looking for another procedural vote on Monday morning, and a final vote on some piece of legislation on Tuesday (August 2.)

Putting the logistics of the Senate aside, Reid is going to have to make some adjustments to his bill to get enough Republican support so that Republicans don’t block legislation through filibusters or other tactics.

A d v e r t i s e m e n t

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Celente: Elite won’t trade off revenues to save America from default

RT
July 30, 2011

While the politicians battle it out over who would be to blame if the American economy hit a brick wall, Gerald Celente from the US-based Trends Journal says the political elite will not recognize simple solutions to curb America’s deficit.

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