It’s End-the-Fed day today. I thought I’d commemorate it by posting a video featuring Peter Schiff (Ron Paul’s campaign finance advisor), who accurately predicted the sub-prime meltdown and the ensuing recession.
Some great quotes (emphasis added):
Our markets are going lower. This is not just a financial crisis; this is an economic collapse. Our entire phony economy [...]
UVU is showing an important (although significantly flawed) documentary tonight. “I.O.U.S.A.” is important because it highlights just how bankrupt we are as a country. It describes how our current debt and obligations (unless significantly curtailed) will enslave future generations for years to come, essentially charging the cost of our glut to our children’s and grandchildren’s [...]
On the bailouts, I just came up with this one liner (in the tradition of Yakov Smirnoff):
“In Soviet America, bank robs you.”
It would be more funny if it weren’t so true –or if it were said by a Ukrainian.
Well, the $700 billion (pre-pork) bailout bill passed 263 to 171, and our “conservative” president GWB has already signed it into law. Here’s the House vote and the Senate vote so you know who to hate.
Here in Utah, Senators Bennett and Hatch broke their oaths to defend the constitution, with Bennett being one of the [...]
Today the US House of Representative is very likely to pass one of the most stupid pieces of legislation I have ever seen. They’re getting MAJOR pressure by the president, majority and minority leaders in congress, both major party presidential nominees, the Federal Reserve, and everyone else you can think of to pass an “emergency” [...]
I wish more people understood the substance of this recent article from Ron Paul:
Big Government Responsible for Housing Bubble
The House passed two bills attempting to rehabilitate the housing and mortgage market this week. There doesn’t seem to be any shortage of criticism and blame for the bad decisions, and rightly so. Lenders and banks do [...]
If you think not being able to flip your house in a shrinking housing market is bad, you ain’t seen nothin’ yet.
Our government’s epidemic overspending and the Federal Reserve’s willingness to devalue your money by simpling printing more will eventually leave the American middle class impoverished as compounding interest drives taxpayers to their knees. The [...]
