Federal Reserve begins QE3

This can't end well...

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If this is what "Occupy Wall Street" is about, I gotta agree

Have to confess that until tonight I haven't seen any rationale at all for the "Occupy Wall Street" protests going on right now in New York City. I mean, isn't part of the American dream having the freedom to get as rich as you want to be from honest hard work and taking risks and making investments on those risks?

Let me be more succinct: in my mind, the Wall Street protests are being driven by activists determined to bring about socialism, to the detriment of industry that has allowed this country to boast the highest standard of living of any nation in recorded history.

Is our country perfect? No... and it never will be either. There's always going to be room for improvement. But socialism has never proven itself in the long term to be a viable model and we would be wise to remember that.

However, tonight I was sent this video and, I have to agree with at least this young man who has made himself part of the demonstrations on Wall Street. Because he's not advocating socialism at all. Instead he's speaking in favor of honest government and a sound economy build on actual money... and not the fiat currency issued by the Federal Reserve!

I dare anyone to watch and listen to the following, and not be persuaded that this guy is 1000%, absolutely RIGHT!

It's 8 and a half minutes long, and some mature language... but well worth viewing.

Thanks to good friend Eric Smith for passing this along!

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Is America headed to bankruptcy?

Well, it's more than a fair question. Yesterday I was reading how the Federal Reserve might soon be in need of a "bailout". More than anything else I've heard in recent months, that raised a honkin' big red flag. But then, I've been thinking for awhile now that conditions are ripe in this country for hyperinflation.

A good friend of mine, James S. Hodges - writer, Baptist minister, and all-around astute thinkin' dude - published an essay today about the possibility of the United States going totally broke this year. And as with all such things, I'm compelled to lean y'all's attention toward it...

Recently there have been disturbing reports on various news outlets about the rise of food and oil prices. Now the housing market also appears to be collapsing once again. The floods in Australia is said to affect the meat market due to cattle being lost that some American companies purchase from. Also the price of corn and rice is said to be on the rise as a result of not so good harvests. And on a side note, should we be surprised since corn is used to make ethanol as we see the increase of ethanol placed in our fuel supply?

To go even further on this matter, our dollar is continuously being devalued by the U.S. government printing more paper. They got by with it for a long time since the foreign governments always recognized the dollar as the standard exchange of currency since World War II. Oil, for example, was always purchased with dollars by other countries instead of their own currency. But it is even more disturbing that in restaurants and stores in foreign countries are now placing signs on their front doors no longer accepting the American dollar.

Hit here for more of James' observations. One of the more disturbing things that he makes note of is that American currency is being brazenly ignored in international markets as a form of payment.

But, can ya blame other countries for that?

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$9 TRILLION unaccounted for by the Federal Reserve...

...and they haven't a clue where all that money went.

Watch as Inspector General Elizabeth Coleman of the Federal Reserve stumbles and stalls as she tries to 'splain how in the world did her bunch lose $9,000,000,000,000:

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$1 TRILLION, which may or may not really exist, getting pumped into economy

The Federal Reserve is sending $1 trillion more into the flagging economy via "purchasing Treasury bonds and mortgage securities".

At this point I have lost count of how much money - the evidence for the actual existence of which is about as substantial as that for the Loch Ness Monster - has been "pumped" into the markets over the past six months.

Hyper-inflation, here we come...

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Federal Reserve won't say who's getting TWO TRILLION DOLLARS of taxpayer money

Either way you cut this, it screams out "biggest heist of all time".

The Federal Reserve is refusing to disclose the recipients of $2 TRILLION of emergency loans financed by American taxpayers.

On a related note, President Bush is considering tapping into the same funds since the "bailout" failed in the Senate last night.

Time to revisit "Hell Époque" post that I made all the way back in January. That was the term that future historians, I'm sure of it, would give our current era.

The era of United States history that stretched from the early 1990s until the end of the first decade of the 21st century, that has come to be regarded as the final years of America's long-time domination of the world's culture and economy.

Although noted for considerable achievements in computers and telecommunications that led to apparent empowerment of the individual, the Hell Époque was also a time of cultural and political stagnation in America that coincided with tremendous loss of individual liberty as the American government began to seize unprecedented power. Most authorities agree that although this had already been a long-time trend in America, the election of Bill Clinton as U.S. President in 1992 saw the start of the final phase of escalation toward an all-powerful American state. This would climax during the presidency of George W. Bush, whose disastrous domestic and foreign policies catapulted the country toward utter ruin.

Most historians agree that it became widely accepted among the American people during the Hell Époque that their government had finally become too corrupt and that the life they had come to believe in had drawn to a close, and that the "rule of law" under the Constitution no longer existed. This was especially apparent following the collapse of the traditional "two party system" and the failure of the American economy in...

Seems more and more like that's all happening these days.

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Monetary hypocrisy

If your or I were to make counterfeit money, we would go to prison.

If the Federal Reserve makes counterfeit money, it's considered "business as usual".

$17 billion today that got injected into the system. That's almost $90 billion since last week.

If this keeps up, the "dollars" that you can print up with the Epson on your desktop are going to be worth more than actual Federal Reserve notes.

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