The Federal Reserve Is Bailing Out Europe With Your Money
...as I assured you they would. Just wanted you to know.
Senate Republicans Offer Amendment to Stop $108 Billion Bailout to Foreign Countries
Kudos to these Senators for finding a way to preserve hard-earned taxpayer money: "U.S. Senators Jim DeMint (R-South Carolina), Orrin Hatch (R-Utah), David Vitter (R-Louisiana) and John Cornyn (R-Texas) today offered an amendment to the Economic Development Revitalization Act to roll back the International Monetary Fund’s (IMF) ability to use $108 billion in taxpayer dollars [...]
Asset-Stripping: A Term To Remember
The principle purpose of banking is asset-stripping. What is asset-stripping? The best way to understand it is this: financial terrorism. It's really very simple, very insidious, very effective, and it wears a suit. First, it's important to understand the main operational aspect of banking: counterfeiting. Ooops, did I say counterfeiting? I mean "Fractional Reserve Banking." [...]
Charlie Munger Draws a Bright Line
Bloomberg: Munger Says ‘Thank God’ Bailouts Came Before Handouts (Update1) I, for one, genuinely appreciate Mr. Billionare Munger speaking truthfully. "Charles Munger, the billionaire vice chairman of Berkshire Hathaway Inc., defended the U.S. financial-company rescues of 2008 and told students that people in economic distress should “suck it in and cope.” “You should thank God” [...]
Recovery? WHAT Recovery?!
(Data sources are US CBO and Federal Reserve) The chart above (click, then click again to enlarge) shows three data sets: 1) in red, the federal budget deficit; 2) in dark blue, US Gross Domestic Product (GDP), the supposed size of the US economy; 3) in highlighted light blue, shows what US GDP would be [...]
Controversy Debates: Should the government bailout businesses?
We had our pilot last month and received lots of positive feedback. We have made the appropriate changes based on your suggestions. We are now ready to roll and have a great topic and speakers lined up! Should the goverment bailout businesses? That is the big question of the night for this Controversy Debate. Les [...]
Unlimited Bailout Authority to Feds – Stop Senate Bill 3217
This Friday Senate Bill 3217, also known as the Restoring American Financial Stability Act of 2010, introduced by Democrat Senator Chris Dodd of Connecticut, is scheduled to hit the floor of the US Senate where it must wait 72 hours before it comes up for a full vote. CLICK HERE to read the actual 1,421 [...]