Talking Down the Economy

theCL  2009-03-04  Economic

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What say you?
  • Jason March 4, 2009 at 11:36 pm

    Great Post!

    Let me ask you this. When will Obama start assuming ownership especially when considering all of this amazing spending legislation? Obviously none of them have translated into recovery. They've only added to debt and I think will be the source of our future insecurity.

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  • John Imrie March 5, 2009 at 2:34 am

    Thankyou for posting this, it is most helpful.

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  • Aaron March 5, 2009 at 11:28 am

    Obama's Administrative checklist:

    Step one: nationalize the banks...... Check
    Step two: socialize healthcare...... Working on it
    Step three: Force citizenry to rely on federal government for financial security..... working on it
    Step four: Disarm the citizenry...... Working on it
    BINGO!!!!! Socialism! Next comes Obama with a small mustache and his fist in the air shouting that we need to round up all those evil jews!

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  • theCL March 5, 2009 at 11:55 am

    I don't know ... my head's been swimming in all sorts of "unthinkable" thoughts. I pray we get through it all somehow, and it's possible we will. But we're in strange times ...

    All of the world's central banks are essentially insolvent, the middle east is a ticking time bomb, and Mexico is at war with militarized drug cartels.

    Add to that 20+ states with legislation reasserting their sovereignty. I guess Hawaii wants out! On the surface this may seem symbolic, but at the same time, can have serious ramifications down the road. Then there's the Obama spending bill that rearranges our form of government. Card check. Localism. A homeland military battalion. Police with military gear. Hillary turning on Israel ...

    So who knows? These are historic times indeed. While I haven't started building a bunker in the backyard (yet) ... I believe it's important that we should at least be aware of some of the extremes that can take place. Their odds certainly have increased.

    A major depression ... a civil war ... UN laws and taxation ... who knows? But you don't need to put a tinfoil hat on to realize these are the times that "unthinkable" things happen ...

    Has Obama started a "Prozac for the Masses" program yet???

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  • Jason March 6, 2009 at 10:11 pm

    Has Obama started a “Prozac for the Masses” program yet???

    Now there is a thought!

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  • Michael Polidori May 10, 2011 at 1:54 pm

    The key - Abolish the Federal Reserve, with detailed pre-conditions regarding any USA debt the Fed helped create. Keep in mind that The Federal Reserve is a group of private banks, is not a federal institution, is not a reserve for our government to draw on, and was created by an Act of Congress late in December of 1913, when most congressional reps were not in DC. The Fed (a group of private banks) was given the exclusive power of the mint... THEY OWN THE CURRENCY WE THINK BELONGS TO OUR NATION

    When the Fed (a group of private banks) prints money or runs up credits in govt accounts to buy treasuries that is a fraudulent unconstitutional transaction.
    The Fed resells the bonds to other countries or large financial institutionsand gets something of value in exchange.
    The Fed is off the hook for the treasuries (others are now waiting to get paid) and The Fed (a group of private banks) has grown in actual wealth for merely printing money or running up credits in an account.

    ANY DEBT CREATED BY SUCH FRAUDULENT TRANSACTIONS IS NOT OWED BY THE AMERICAN PEOPLE.

    ANY INTEREST WE HAVE PAID ON THIS FRAUDULENT DEBT TO THE FEDERAL RESERVE OR TO ANY COUNTRY OR ENTITY THAT HAS TRADED IN IN SUCH DEBT IS OWED BACK TO THE AMERICAN PEOPLE.

    PENDING TREASURIES TRANSACTED IN THIS WAY SHOULD BE REDEEMED BY THE FEDERAL RESERVE, WHOSE STOCKHOLDERS AND BOARD MEMBERS DIRECTLY PROFITED FROM THESE UNCONSTITUTIONAL TRANSACTIONS, NOT BY THE USA GOVERNMENT OR THE PEOPLE OF THE UNITED STATES OF AMERICA.

    ANY INTEREST PAID ON DEBT TRANSACTED OR CREATED IN THIS WAY IS OWED BY THE FEDERAL RESERVE TO THE BEARERS OF THESE BONDS. ANY INTEREST PAID BY THE UNITED STATES GOVERNMENT THROUGH SUCH FRAUDULENT TRANSACTIONS IS OWED BY THE FEDERAL RESERVE TO THE AMERICAN PEOPLE

    The Federal Reserve is a group of private banks and the power of the mint should never have been given to a private corporation. This can be undone, just as we created the Fed out of thin paper and The Fed created most of our debt out of thin paper we can undo The Fed and cause it to be the payer on all of these fraudulent treasury bonds

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