Archive for the ‘Politics’ Category

“Audit The Fed”-HR 1207 Sponsors reach 190-June 07, 2009

June 7, 2009

If your representative is not yet a co-sponsor of HR 1207, contact them and urge them to support it. There’s a list of cosponsors via the link below.

www.dailypaul.com/node/90775

Brentwood Senator Fights “Cap and Trade” Bill-May 18, 2009

May 20, 2009

Apparently, the proponents of the Global-Tax & Control- Environmentalist- Kyoto Convention are having a problem forcing the idea of our energy expenses doubling or tripling-down our throats. They’ve been trying to get the U.S. on board for the last fifteen years or so. So the “Cap&Trade” scam will just have to serve as an equivalent substitute; right?

Let’s see what at least one Tennessee Senator thinks about it. Check out the link below.

www.tennessean.com/article/20090518/NEWS01/90518008/Brentwood+senator+backs+bill+to+reject++fed+s+clean+air+plan

YouTube – For Liberty Trailer – Let It Not Be Said We Did Nothing

May 17, 2009

Let It Not Be Said We Did Nothing

www.youtube.com/watch?v=emaeln–tzo

Greg’s Newsletter, Keeping the American Middle Class Informed-May 07, 2009

May 7, 2009

(Poster’s Note: To read some of Greg’s previous newsletters, go to the side bar and click on “Greg’s Newsletter, Keeping the American Middle Class Informed-Archive”)

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May 07, 2009

As the G-20 and many others have been telling us how warm and fuzzy this one world system will be, that we are all in this together, and other things to attempt of disarm and reduce our loyalties to the United States, here is another article that will you an idea of how people and governments around the world want to tell the USA what would be good for them at our expense:

 

http://euobserver.com/19/28065

 

As we continue to lose our autonomy to this one world system, I believe the current administration will be going it into warp drive to join these international governing and regulatory groups. With the end result of our position in the global community will be equal with all other countries, except of course the largest consumer nation.

 

I understand the world is getting smaller due to technology but my questions is why do we in the United States have to give up so much while much of the world is gaining economic and political power? Someone had to pay for this economic transition to this one world system and we are the ones who have and will pay for it. By shipping our industrial base out of the country, with the help of our government through tax incentives to do so, it supplied many countries around the world the economic base to compete for our sovereignty.

 

In other words, as they increase their economic position in the world economy and we are reducing ours, due to our industrial base being shipped off shore and we being the largest debtor nation, many more countries will have the economic where-with-all to influence our global and internal decision making processes. Bottom line, we are selling off our sovereignty for the benefit of the bottom lines of these huge international corporations and financial institutions, with the help of Washington’s unrelenting appetite to spend our way into indentured servitude to stronger economies like China and India.

 

Final thing, for you that live in the 3rd Congressional District of Tennessee and other people in the East Tennessee area who are aware of Zack Wamp’s performance while in office, the Republican Liberty Caucus has asked me to attach a survey they are producing. Go to it and please answer the survey questions, thank you.

 http://blog.rlctn.org/?p=8

 

Republican for Congress, 3rd District of Tennessee 2010,

Greg Goodwin

5/7/09

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Audit The Fed-DownsizeDC.org-April 23, 2009

April 24, 2009

D o w n s i z e r – D i s p a t c h


Quote of the Day: “Gold still represents the ultimate form of payment in the world.” — Alan Greenspan, former Chair of the Federal Reserve speaking before the House Banking Committee in May 1999

Subject: The Counterfeiting Numbers

Counterfeiters create new money, illegally. The Federal Reserve (FED) does the same thing, legally.

The legal counterfeiting is worse than the illegal.

Money created by illegal counterfeiters tends to be small, easily discovered, and quickly removed from circulation.

FED counterfeiting is immense, seemingly hidden, and tends to remain in play. This “funny money” . . .

  • attacks your standard of living
  • rips away your savings
  • jacks up your expenses

Just how much counterfeiting has the FED done?

  • The base money supply stands at roughly 1.6 trillion dollars
  • But it was only half that as recently as April, 2007

Your money’s value is roughly half what it was a mere two years ago!

Economic scam artists claim FED counterfeiting doesn’t reduce your money’s value, if the economy is also growing.

But without their counterfeiting, your money would buy more goods and services as the economy expanded, NOT just the same level of goods and services that it bought before, and certainly not LESS than it bought in the past.

The prime benefit of economic growth is gradually falling prices, because entrepreneurs create ways to do more with less.

More with less = gradually falling prices . . .

. . . if the money supply remains roughly constant.

FED counterfeiting robs YOU of this benefit.

Prices go up instead, and people think it’s natural.

The economic scam artists also claim that gradually falling prices are actually bad for us. They say price declines cause an economy to freeze. They claim businesses won’t borrow if they must repay their loans using appreciated dollars.

We have a harmful debt obsession! Borrowing isn’t the best way to fuel business expansion. Investors can fund it.

With sound money, the cost of borrowing money would go down, just like it would for goods and services.

And historical evidence refutes the claim that gradually falling prices freeze the economy.

The U.S. had a fairly stable money supply, based on gold and silver, for most of the 19th century. The economy grew rapidly and prices fell gradually. Workers benefitted greatly from their productivity.

The economic contractions that did occur in the 19th century were associated with government interference with the money supply. The song remains the same today . . .

Look at the FED’s recent counterfeiting. Here are the average base money supply numbers by year, combined with the amount of increase over the previous year . . .

2000 — $585 billion
2001 — $618 billion — up $32 billion
2002 — $673 billion — up $55 billion
2003 — $716 billion — up $43 billion
2004 — $752 billion — up $36 billion
2005 — $782 billion — up $30 billion
2006 — $811 billion — up $29 billion
2007 — $827 billion — up $16 billion

This caused the housing bubble. FED counterfeiting entered the economy through the banking system and impacted the very things banks deal with, especially housing!

And notice also that the decrease in the rate of counterfeiting, most notable in 2007, coincides with the bubble bursting.

Stable money doesn’t cause business downturns, as the economic scam artists would have you believe. FED counterfeiting is the culprit! The scam artists want to blame the patient, and their remedy is doing more of what caused the sickness.

Look how much counterfeiting they’re doing now . . .

2008 — $987 billion — up $160 billion (the FED responds to the mess they made)
2009 — $1.628 trillion (with a “T”) — up $641 billion (in just the first three months of this year!)

What can we do about this? We can . . .

  • End the FED, but that will be hard
  • Audit the FED to better expose its activities — we’ll launch a campaign on this next week
  • Break the FED’s stranglehold on our economy by taking away its monopoly control of money

For us, this last idea is the path of least resistance. Please tell your representatives to co-sponsor Ron Paul’s Honest Money bills. If you’ve used our Educate the Powerful System before, do the following . . .

  • Go to the DownsizeDC.org home page http://www.downsizedc.org/
  • Log-in using the log-in button at the right of the navigation bar near the top of the page
  • Scroll down and click on the link for campaign number 8. End the Inflation Tax (We recommend you follow these steps, but in case you need it, here’s the direct link) http://www.downsizedc.org/etp/campaigns/85
  • Scroll down to the form at the bottom of the page and send your message

If you’re sending your very FIRST message to Congress using our system, click on this link, scroll down to the form, fill it out, and send your message.

Use your personal comments to share the money supply numbers from above. Point out how this is what caused the housing boom and the bust that followed. Cut and paste from this message, if you want.

Ask your friends to join you by forwarding them this message, and Digg this message on our blog so more people will see it.

Thank you for being a part of the growing Downsize DC Army. We’re just about to pass 25,000 members.

Perry Willis
Communications Director
DownsizeDC.org, Inc.

D o w n s i z e r – D i s p a t c h
is the official email list of DownsizeDC.org, Inc. & Downsize DC Foundation
Normally published 3 – 6 times per week.

CONTRIBUTE in support of the “Educate the Powerful System”

http://www.DownsizeDC.org is sponsored by DownsizeDC.org, Inc. — a non-profit educational organization promoting the ideas of individual liberty, personal responsibility, free markets, and small government.  Operations office: 1931 15th St. Cuyahoga Falls, OH 44223, 202.521.1200

Agenda 21 Is Not Constitutionally-Friendly, It’s Anti-American-April 22, 2009

April 22, 2009

Sustainable Development sounds good, warm & fuzzy on the surface. But the Devil is in the details.

www.freedomadvocates.org/

Financial Terrorism and You – April 01, 2009

April 1, 2009

Financial Terrorism and You

Sean Brodrick

Can we just drop the pretense and start calling the bank bailout what it is: Financial terrorism.

Terrorism can be defined as achieving one’s aims through fear. And it sure seems to me that bankers and their friends in government are extorting money from the taxpayers (you and me) with a threatening “or else” that goes something like this: “Give us the money or the entire financial system will implode.”

And as we fork over the extortion money, these corporate gangsters put us on the hook for trillions of dollars MORE.

Obama's bailout of AIG is just one example of Washington robbing you of your hard-earned money under the pretext of 'fixing' the problem.
Obama’s bailout of AIG is just one example of Washington robbing you of your hard-earned money under the pretext of “fixing” the problem.

For example, AIG posted the largest quarterly loss in American corporate history — $61.7 billion — for the final three months of last year. That means the company lost more than $27 million every hour. That’s $465,000 a minute, or $7,750 a second.

As a result of its losses, AIG has been awarded hundreds of billions of taxpayer dollars. Otherwise, we’re told, the company’s collapse could devastate the economy.

And that’s just ONE of the companies robbing you of your hard-earned money under the pretext of “fixing” the problem.

In fact, one of the ways we know this is financial terrorism is that the steps being taken to “fix” the problem aren’t fixing a single thing.

The Roots of the Crisis
Go Back to 1999

Glass-Steagall was passed after the Great Depression, the last time outrageous financial chicanery brought our country to its knees economically. This law placed a barrier between everyday banking, such as lending and deposit-taking, and riskier areas, such as derivatives trading.

But the law was repealed in 1999, thanks to lobbying by the very companies we’re bailing out now. And the effort was midwifed by Phil Gramm, a laissez-faire-lovin’ Republican senator from Texas who co-authored the Gramm-Leach-Bliley Act that repealed many key provisions of Glass-Steagall.

Gramm quit the Senate to go work for UBS AG, one of the beneficiaries of the repeal. I believe that kind of thing — passing a law to help a future employer — should be illegal. We can only be thankful that Gramm didn’t go on to higher office — he was an advisor to McCain’s Presidential campaign and probably would have ended up as Treasury Secretary had McCain won.

But this isn’t just a Republican problem. Oh, if it were only that simple. You see, there were shady characters on both sides of the political aisle in this terrorism caper.

Instead of Gramm, we got Tim Geithner as Treasury Secretary. He’s a protégé of Robert Rubin, former co-CEO of Goldman Sachs and one-time Treasury secretary in the Clinton administration, who went on to work for Citigroup after whole-heartedly supporting the Glass-Steagall repeal. Due to the current financial crisis, Citigroup lost $27.7 billion last year and has needed $45 billion in government funds to stay afloat.

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But Wait, It Gets Better!

Clinton had more than one Treasury Secretary. And the last one was Lawrence Summers. At the time Glass-Steagall was repealed, Summers said:

“Today Congress voted to update the rules that have governed financial services since the Great Depression and replace them with a system for the 21st century. This historic legislation will better enable American companies to compete in the new economy.”

Good thing Summers isn’t around anymore, eh? After making such a colossal mistake, he wouldn’t dare to show his face. Oh wait — would you believe he is now the Director of the White House’s National Economic Council?

In other words, one of the persons who got us into this mess is now in charge of fixing it! Isn’t that like hiring an arsonist to put out your house fire?

And people wonder why I’m pessimistic.

You may have heard Washington officials say on TV: “No one could have foreseen what would happen.”

Except that someone did foresee EXACTLY what was going to happen. When Glass-Steagall was up for discussion, Senator Byron Dorgan (D-North Dakota) made an impassioned speech on the floor of the Senate, asking his colleagues NOT to repeal the regulation. He said:

“I think we will look back in 10 years’ time and say we should not have done this but we did because we forgot the lessons of the past, and that which is true in the 1930’s is true in 2010. I wasn’t around during the 1930’s or the debate over Glass-Steagall. But I was here in the early 1980’s when it was decided to allow the expansion of savings and loans. We have now decided in the name of modernization to forget the lessons of the past, of safety and of soundness.”

Only eight senators opposed the Gramm-Leach-Bliley repeal of Glass-Steagall:

  • Richard Shelby (R-AL)
  • Barbara Boxer (D-CA)
  • Richard Bryan (D-NV)
  • Byron Dorgan (D-ND)
  • Russell Feingold (D-WI)
  • Tom Harkin (D-IA)
  • Barbara Mikulski (D-MD)
  • Paul Wellstone (D-MN)

If your senator was around in 1999, and he or she isn’t on that list, you can be fairly certain that your senator does the bidding of the Wall Street banksters, not you.

While Wellstone is dead, I find it interesting that none of these other, prescient senators have been tapped by President Obama to fix the crisis. Instead, all roads to high-level White House financial appointments seem to lead through Goldman Sachs.

The Goldman Fix
Is in …

The original plan to bail out AIG was dreamed up last fall at a meeting run by then-Treasury Secretary Hank Paulson. Paulson had been CEO of Goldman Sachs before becoming Treasury Secretary. Also attending the meeting was Lloyd Blankenfein, the current CEO of Goldman Sachs and Tim Geithner, then head of the New York Fed.

Paulson and Geithner set the stage for Goldman: AIG was not going to fail.
Paulson and Geithner set the stage for Goldman: AIG was not going to fail.

AIG was not allowed to fail — remember Geithner has taken both bankruptcy and nationalization off the table. So AIG’s trading counterparties are being paid 100 cents on the dollar.

Much of the $170 billion bailout AIG has received has gone to pay off obligations to Wall Street banks, such as Goldman Sachs. Goldman has maintained that it got no bailout money from the Treasury, apart from the $25 billion it was “forced” to take. But in fact, it received at least $13 billion through AIG!

It’s almost as if Goldman knew that the money would be coming.

Along with Goldman, Bank of America, Merrill Lynch, UBS, JPMorgan Chase, Morgan Stanley, Deutsche Bank and Barclays are all recipients of AIG’s payments to its former trading partners.

Former New York Attorney General Elliot Spitzer — who knows a thing about financial shenanigans — recently wrote:

“The appearance that this was all an inside job is overwhelming. AIG was nothing more than a conduit for huge capital flows to the same old suspects, with no reason or explanation.”

You can read Spitzer’s two articles on the AIG fiasco HERE and HERE.

So here’s where an administration’s spokesperson says on TV: “Well, it’s a mess, but we’re doing our best to fix it.”

Are they? Let’s look at the track record (in both the Bush and Obama administrations) …

* No serious attempt at re-regulation. You’d think the first order of business would be to reinstate Glass-Steagall. The Obama Administration hasn’t done that. In fact, while Secretary Geithner recently proposed “sweeping” changes to Federal regulation of the financial system, Glass-Steagall wasn’t part of the package.

* Goldman Sachs’ unprecedented access to the corridors of power in D.C. continues. Another former Goldman Sachs employee, Gary Gensler, has been nominated to head the Commodity Futures Trading Commission.

* Not even a token attempt at justice. Where are the indictments? Why aren’t we seeing Wall Street executives frog-marched to the paddy wagons? And don’t tell me about Bernie Madoff — he was a rogue operator who turned himself in, not the head of one of the major Wall Street banks that have ripped us off through systematic pillaging. Indeed, everything I see tells me that our government is a willing co-conspirator with the robber barons.

* The looting continues. In just one example, Citibank and Bank of America are now using the TARP funds they received not to extend more loans as they were supposed to, but to buy up more of the toxic debt they’re supposed to be getting rid of! Why? Because they know that, under Geithner’s plan, they will be able to sell the toxic debt at a substantial profit as the government props up the market for those troubled assets. These banksters are speculating with the same taxpayer money that was supposed to pull them back from the abyss.

* The threats continue. In the Bush administration, Treasury Secretary Paulson was able to get his original bailout package passed by Congress in a very simple manner. According to Representative Paul Kanjorski, the Capital Markets Subcommittee Chair, Paulson told them, with a great sense of urgency, that there was an electronic run on the banks. And if Congress didn’t go along with Paulson’s rescue plan, Kanjorski recalled being told, “It would have been the end of our economic system and our political system as we know it.”

Well, it’s déjà vu all over again. Geithner recently told the House Committee on Financial Services: “The U.S. Government does not have the legal means today to manage the orderly restructuring of a large, complex, non-bank financial institution that poses a threat to the stability of our financial system.”

Geithner could be sincere, in which case, we are in a very dire situation indeed. I’m just not sure he’s the right man to reform the system, because I can’t tell whose side he’s on.

After all, last week, the Obama administration urged the U.S. Supreme Court to stop New York and other states from enforcing their fair-lending and other consumer-protection laws against federally chartered banks, including JPMorgan Chase and Wells Fargo & Co. This is the same position that the Bush administration had and a slap in the face for consumer and civil-rights groups.

Our government is going to have to choose whose side it is on. It’s a choice that — if not correct — could bring this country to the brink of anarchy.

Could We Go the Way of Argentina?

Desmond Lachman — former chief strategist for emerging markets at Salomon Smith Barney and a long-time official with the IMF — recently wrote in The Washington Post that comparing the economic crisis in the U.S. to Japan’s “lost decade” was wrong. Instead, he said a better comparison is to Argentina, Russia, Thailand, and other countries that collapsed both economically and politically, weighed down by their own corruption.

He wrote:

“Watching Goldman Sachs’s seeming lock on high-level U.S. Treasury jobs as well as the way that Republicans and Democrats alike tiptoed around reforming Freddie Mac and Fannie Mae — among the largest campaign contributors to Congress — made me wonder if the differences between the United States and the Asian economies were only a matter of degree.”

From what we’ve seen so far, the only response to the catastrophic collapse of major American financial institutions is to try and reinflate the balloon with our tax dollars. There is no serious attempt at reform. And without that, there can be no real recovery. And Lachman’s words could come back to haunt us.

Physical gold can be a good investment for economic hard times.  But it isn't the only investment you might consider.
Physical gold can be a good investment for economic hard times. But it isn’t the only investment you might consider.

What to Consider Investing in When Your
Government Is in Danger of Collapsing …

Physical gold and silver are good investments for economic hard times. But they aren’t the only investments you might consider. Cash is king, at least in the short run. And I’ve spoken to people from Argentina who said what saved them during their country’s collapse was getting their money out of the country — in other words, investing abroad.

The trouble is, this time around, the entire world seems to be going down together.

Land is also a good investment, at least if you think the markets are approaching a bottom. My crystal ball is cloudy on that one.

As for the market, I think certain commodities, especially precious-metals related issues, still have a lot of promise. And if the markets tank, you can always play that move with inverse ETFs.

I think the best lesson is to be diversified. Spread your assets out. You can hope for a speedy recovery, but be prepared for a long-term downturn. When the government isn’t seriously addressing the problems we face, that’s probably the best you can do.

All the best,

Sean

P.S. For daily updates on gold and more, check out my new blog at http://blogs.uncommonwisdomdaily.com/red-hot-energy-and-gold/


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YouTube – Glenn Beck and Penn Jillette on MIAC report

March 20, 2009

www.youtube.com/watch?v=iSohi9pocc8&eurl=http%3A%2F%2Fwww.lptn.org%2Fblog%2Findex.php&feature=player_embedded

The U.S. Economy: Designed to Fail

March 2, 2009

-by Richard C. Cook-Global Research-via Infowars.com-March 01, 2009 www.infowars.com/the-us-economy-designed-to-fail/

Greg’s Newsletter, Keeping the American Middle Class Informed – March 01, 2009

March 1, 2009

I need some help here. With CPAC meeting and trying to define what conservative Republicans are and the Democrats running all aspects of our government, where are the organizations at that support the true middle class Americans? Remember us, the people who wind up paying for all of these extremes the government comes up with?

The Democrats used to  support the working class of this nation. They don’t anymore, ever since Clinton signed NAFTA, the working class has shouldered the burden of job loss and reduced representation. Clinton then signed into law the Gramm-Leach-Bliley Act which deregulated the financial industry and because of that deregulation, most people have lost their property values, 401Ks value, and destroyed our economy. They are now the party who promotes liberal agendas that, if left to their goals, we will become a socialistic society. That means through taxation and laws regulating every aspect of our lives, they will determine how we should live and spend our earnings. Not good for the majority of this nation who pays the bills of the governmental tax and spend ideals, they wish on our country.

Then there is this Republican party, who over the last eight years, increased our Federal deficit to record levels, increased this size of the government, allowed big business to run amuck with no oversight, and reduce our liberties beyond comprehension. They are the ones who introduced those bills Clinton signed into law, giving business the green light to destroy our industrial and financial bases. This is not the Republican party Ronald Reagan envisioned, what has happened to this two party system?

I’ll tell you what happened, both parties have succumbed to the financial powers that influence our government through our lobbying system. With over 41,000 self serving lobbyists for 535 elected politicians, the ones that contribute the most to these politicians are the ones who direct these parties.

In both instances, the change from both parties has become a top down fix which never seems to reach the people paying for all of this. We now have elitist socialist liberals running the government and the spineless Republican politicians can’t even define who they are, so they let a radio talk show host define the conservative movement. Because they are afraid of standing for something that may go against what the lobbying power wants or get into controversial positions that might cost them votes. In both cases, we have lost our representation in the Federal Government.

Until we as a people demand from our government to do the things that are responsible to we the people, we will forever be receiving the direction of what the financial powers behind our political system wants. It appears to me both parties have forgotten what this country is based on, the Constitution of the United States of America which guarantees life, liberty, and the pursuit of happiness for we the people of this great republic of ours.

I can hear it now, as I am running for Congress, “I had better get instep with the Republican party or I am finished before I start.” Let me tell you what I say to that, if we don’t start following the Constitution, support individual freedoms, allow people to pursue their abilities for a better life for them personally and for the nation, and getting the government out of every aspect of our lives, we are finished anyway being a Constitutional Republic for We The People. Remember the primary word in Republican, “Republic,” for which we stand.

Greg Goodwin
3/1/09