Federal Reserve Still Inflating the Money Supply

As has been pointed out by myself and many economists the Federal Reserve is dramatically increasing the monetary base. What does this mean? If the Great Depression is indicator inflation with high unemployment as the federal government continues to “crowd out” the private sector in its insatiable appetite for good and services. The ultimate end game is fascist control over the economy like that which occurred in America and Germany in the 1930’s.

Monetary Base

Obama and the democrats have authorized another trillion or so of debt. Soon we will be approaching 100% debt of the yearly GDP. That would be the same as me making $100,000 and owing $100,000. Not such a bad thing if the debt was over a long period of time but in the past year the Federal Reserve has had trouble selling long term bonds. Most have been seven years or less. To further compound the problem the current administration is looking to raise taxes. This will stunt economic growth. As the pool of taxpayers dwindles more and more of this burden will be carried by fewer and fewer citizens. Income inequality will go down because there will be less prosperity. This will be celebrated by Obama and fascist economist like Paul Krugman as a great victory. There will be less rich people and more equality.

And that is the goal “equality” and power. Everyone knows the scenario. Thanks to Glen Beck and Neal Cavuto if people want it they can get a pretty decent overview of the game plan of the fascist. None of this is new. What will we do about it?

At a recent political gathering I was asked about the Federal Reserve and its function. Alex Jones and his crowd have been demonizing the Federal Reserve and is a proponent of putting the Fed under congressional control. This would be the worst possible scenario possible. Congress would print and spend every election cycle.

The gold standard? A lot of economist favor going back to the gold standard. And it has its merits. The problem though is you are tied to gold so as the commodity, like all commodities, gyrates up and down against the world of currencies your imports and exports gyrate along with the currency. When gold is high imports are cheap and exporting industries are hurt. When gold is low exports are helped and imports expensive. Not the most stable position for a country to be in.

MZM Money Stock. Did you get a 20% raise in 2008?

Regional banking worked from 1836 to 1913. Yes there were problems but we had a competitive banking system. Instead of the monopoly Federal Reserve a receivership bank could be set up to monitor reserve requirements and currency stocks. When there is a failure the receivership bank would liquidate assets and reimburse a set percentage of bank holdings below 100% of value but more than 80%. The loss of value would partially eliminate moral hazard conflicts. After closure and investigation of the failure if banking laws were broken the guilty would be charged and jailed. This system would be much more competitive and currency would not continually lose value like under our current system. According to Dan Mitchell of the Cato Institute we have lost 92% of the value of our currency since the Federal Reserve was formed in 1913.

Finally if the Federal Reserve is to be maintained congress should restrict its operations. Set the reserve requirement once and print money at say 4% increase plus or minus 1%. No fed funds, no discount window. Remove the Federal Reserve from all functions except to increase the money supply 4% in good times and bad.

My 2 cents on the Federal Reserve. Also according to these Federal Reserve charts the inflation rate looks to be going to 20%. What a shocker. The inflation rate during the FDR years varied on various commodities about 10% to 15%. Hmmmm. Are these guys that good?

Want to meet congressional candidates? Then do it!

Here in the Orlando, Florida area we suffered like the rest of the nation at the hands of ACORN voter registration drives and general disenchantment with former President Bush’s policies. Both our local republican candidates lost seats to democrats. One of the pick ups was the now infamous Alan Grayson in Florida’s 8th congressional district. The other candidate is the exact opposite in personality; I refer to her as “the mouse”, Suzanne Kosmas (D) in the 24th district. Fortunately 2008 will turn into 2010 and we the people have a chance to get some representation against Obama for at least for a couple of years before reapportionment of congressional seats occurs in 2012.

Todd Long Republican candidate for Florida’s 8th congressional district

If you pay attention and get on e-mail list you can get incredible access to candidates. These candidates have meet and greets everywhere not just parades. Typically they have an announcement party in their homes and it is open to the public. I have been to a couple of these and am always surprised by the modest turn out. These events are excellent opportunities to get to know the candidates one on one. You can ask them anything and they may laugh at you but nothing is out of bounds. You can get a feel for their personal style and how liberal or conservative they are. Granted these are up and coming candidates but they have very legitimate shots at winning their elections.

I personally am involved with libertarians and all the infighting of party politics so I can only imagine the headaches that occur on a bigger scale. These people present a very pleasant outward image but if their party politics are anything like the libertarians it surly must be some nasty infighting going on. God bless them for sacrificing financially and putting up with the additional obligations coming their way.

As examples of getting to know the candidates by simply paying attention here are a few:

Candidate X is constitutionally conservative in the mold of the founding fathers. He ALWAYS attends parades, holds fundraisers open to the public, makes time to communicate by phone, in person, e-mail to anyone interested in his platform. He is always available to explain a position to the news media or citizens. He believes in limited federal involvement and prefers the states and local governments deal with social engineering programs including entitlements.

Dan Fanelli Republican candidate for Florida’s 8th congressional district

Candidate Y is also a constitutional conservative candidate. Sometimes he makes the parades and evens and sometimes not. His educational level is not quite the same as candidate X’s. He is not as organized and it can be difficult to get in touch with him at times.

Candidate Z is a staunch republican. Z believes in social entitlement programs. Z is more business like and formal. Very conventional positions. A very reliable person of integrity but not one to think outside the box. Maybe a Reagan conservative but that might be stretching it some.

And there ten months before the election you have a real feel for the candidates running. Obviously candidate Z is the safe bet. Candidate Y is eliminated right away. If this person can’t make the rounds in a primary what will they be like in Washington? Sorry.

Candidate Z in another time before our national debt was $12.2 trillion with an economy of $14.4 (85%!) might be the preferred candidate but sorry not in today’s world. With unfunded liabilities of $106,514,122,657,391 I don’t want a candidate that will not go after Social Security and Medicare. More of the same is not good enough. Clearly candidate X is the best choice for my district and the country.

Karen Diebel Republican candidate for Florida’s 24th congressional district

It’s really that easy if the citizens would just take the time to get involved. Sadly most of us sit at home watching Olbermann or Beck getting mad and complaining. With just a little research and initiative you can meet these people and personally tell them your complaints one on one. You can get to know who they really are and their positions. Maybe they will agree, maybe they will laugh at you but at least you are involved in the process and not standing on the sidelines.

I truly believe if more people got involved and meet their representative at these events both the people and representative would have a greater respect for each other. It’s just sad when a major candidate for congress or the senate has a event open to the public and there are maybe 20 people there. Get out there and let them know what you really think!

Protest at Lake Eola

There was an insignificant protest both for and against “health care reform” at Lake Eola in beautiful downtown Orlando. Florida on 12-8-09. It was at 7:00 PM on a Tuesday night. Much too early in the week for the regular working folks to take much interest in. The cool people don’t show up for political events until Thursday at the earliest. And if the protest doesn’t involve a plane ticket to DC then maybe for the beautiful people it really isn’t an event worth participating in. But there was a protest Tuesday next to beautiful Lake Eola in downtown Orlando in front of Florida Senator Bill Nelson’s office at Landmark Two, 225 East Robinson Street across from our gorgeous lake. It did take place and it was real for the peasants.

Pro Health Care Reform protesters at Lake Eola

I parked my car on the wrong side of the lake as usual. As I was walking to the lake I noticed a large group of odd looking people seated at the informal seating area located at the south east section of the park. This is away from the main band shell area where the big events take place. It is conveniently a short distance away and sheltered from the main jogging path the young executives use to both recreate and make a statement that they have arrived and they run around the lake in circles displaying their youthful vigor and energy. The “I have arrived” path for the young executives.

Was this the demonic opposition camp? I stopped and listened to a young black man poring out his soul to the crowd with every ounce of strength and passion he had. He looked like a Jamaican Bob Marley type but from his dialect it was immediately clear he was as American as I was. Behind him seated at a table where members of what I guessed was a local church. Mother, daughter and father looked at the young preacher delivering his sermon waiting eagerly to assist in any way possible. As I listened to this young man pour out his soul to the audience I felt ashamed. He was not there to preach about health care or some other politicians’ cares but to deliver the word of God to these homeless men and women in our mist. Even though I never said a word I felt like apologizing to the man and the crowd right then and there. I was there for a political game and this man was trying to comfort the homeless and helpless as they face another night without food and shelter. God please forgive me for prejudging this man. I walked silently away absorbed in shame.

I arrived at 225 East Robinson Street on the east side of the lake and on the west side were the anti health care protesters. I was immediately questioned if I was for or against “heath care reform”. I told them I was a Libertarian and was against it. They breathed a sigh of relief and asked me where my sign was. I told them I forgot my “Don’t Tread on Me” flag that had flown over Washington DC on 9-12 so they assured me that they had an extra sign for me. Maybe they didn’t hear that I was a Libertarian the first time?

The “Move On” crowd on the opposite side of the street had maybe 30 people. We had eight. I quickly moved over to the “Move On” side of the street and took some pictures of this occasion and quickly scuttled back. One of the things that always strike you at these events is the smell of alcohol on both sides of these off Broadway protest. Seems to make the event more interesting.

Our side accused the other side of paying their protesters. Maybe this was true maybe not but we were both kind of peeved to be on a sidewalk on a beautiful Tuesday night in downtown Orlando screaming at each other. Maybe they were paid and maybe we were not but either way this was going to end in one hour not two. Let the union pick up the other three hours of the four hour minimum.

We got down to business yelling slogans at each other. “Health care now”. “Socialism now”. “We want health care now”. “What do we want?” “Health care now!” “Socialism”. “Fascism”. “Communism.” And so the idiotic diatribe went as planned. If Senator brain dead old fart ex astronaut Bill Nelson had a video feed he surly went to sleep after the second rendition of the back and forth. One of “our” guys had a megaphone. They didn’t. To bad for them. Get a job and buy one next time. So our guy had the amazing technology in his hand able to replicate with volume their more intense shout downs. Hey who ever said numbers count never fought a real battle.

As the night wore on the insane slogans wore on and became boring to even the most partisan among the bunch. We actually began yelling coherent sentences at each other like “there will be a $1,000 dollar fine if you don’t buy health insurance.” “Who do you think will go to jail?” “I would gladly go to jail for health insurance”. Most of the zombies regurgitated the party slogans from the left and right with no thought. As the yelling went back and forth one of the opposition smart guys accused the Republicans of blowing up the budget deficit!

And I agreed.

I said “Yes the Republicans are guilty and so are the democrats” or something to that effect. Gasp! The Republican next to me immediately stood up to me and read me the riot act. “Do you want to be over here or over there?” “Get over there if you want to be on their side!” Did these guys not hear me when I told them I was a Libertarian? Guess not.

One of their guys on the other side was actually a thinker and he asked for what reform we “Republicans” would push for to make health care more affordable. I told him “repeal the anti trust exemption for insurance companies” referring to the FDR era McCarran-Ferguson Act of 1944. He was thinking but didn’t know how to respond. Of course he didn’t. Like all thinking Americans he has been manipulate with misinformation from his political party. Same as the Republicans with their supporters and their equally narrow minded crap.

The Republicans on my side of the street looked at me like they wished they could pummel me. Maybe with three of them they could. The other side looked on in awe as they saw division in the opposition ranks of only eight opponents! The majority of idiots thought this was great but the 10% on the other side had to wonder why there was division in the ranks. Maybe someday they will break out of the lock step of fascism and learn about the politicians money grab for health care. Maybe? Maybe not. There is always hope.

By the end of the protest both sides pretty much despised me. Libertarian and proud of it. Always alone against the majority. So sayeth the lord.

This brings me to the saddest part of the protest. All this time while I was arguing over the $1,000 fine that would be imposed on those who didn’t have health insurance. I was thinking of those homeless souls at the south east section of the park praying to our lord. Am I a religious man? No, but I know Gods mercy when I see it. Do I crumble before God? Of course I do. I am nothing before God like the entire human race is nothing at the hour of judgment. We all die and it doesn’t matter in the end if you dined at Bennigan’s or had a peanut butter and jelly from the Church of Christ. We all die sooner or later. I realized these homeless people in the south east section of Lake Eola would be the first ones to end up in jail under Obama’s health care “reform” bill. Just as the elites in Washington DC envisioned. No justice for the poor.

Some beautiful young lady, “big boned” with an eastern European genetic blend in there somewhere came over to our side. She claimed to be a graduate from the University of Florida. She asked me and others on the “opposition” side rhetorical questions. Her mother was 62 years old and needed insurance. When I suggested getting a federal, state, local government or privet sector job she dismissed it. When I suggested as a business owner getting a health saving account she dismissed it again. When I told her I was forming a company in January and I would hire her mother if she was good at secretarial work she insisted her mother was unqualified because she was a psychologist or something. Finally I gave up. Clearly she was a tape recorder looking to capture “dumb” republicans making stupid comments for some political web site. Yea lady there are a lot of dumb comments on both sides but if you really graduated from the University of Florida you would understand catching dumb comments means nothing to anyone but dumb people. Maybe the University of Florida has the “cool” people but the University of Central Florida has people who think. I gave up and drove off.

In this health care debate what is lost on the left are the hundreds of thousands of homeless who will be thrown in jails for not paying their $1,000 fine. What is lost on the right is the injustice of the 1944 FDR anti trust exemption for the health insurance companies. Both are injustices brought about by both parties. Why do Republicans defend the insurance companies? Why do democrats defend a plan that would imprison hundreds of thousands of defenseless homeless people? Both parties are equally sick in the head and both parties need to be destroyed. So sayeth the people.

Sarah Palin’s Going Rogue Book Review

The best selling book by Sarah Palin has been reviewed in the Wall Street Journal and other outlets. Most concentrate on her beefs with the John McCain camp or her economics. Some do the same old same old and try to nit pick her and belittler her. To me they miss entirely the real story of her life. The transformation of American culture from one of God, family and country to the government is god.

Sarah like millions of isolated white Americans grew up in an isolated America in the 60’s, 70’s and 80’s believing America was good. Work hard and trust in god and family. She had a lower middle class nuclear family with both the mother and father present in her life. School was the usual rivalries in sports and competition for boys. There was not a lot of political correctness from what I can detect in her school or politics. From her accounts she had the all America lower middle class upbringing surrounded by friends and family. She was lucky.

Also going on in the 70’s in the inner cities throughout America was forced desegregation that brought political correctness, white flight, riots and the begging of the end to the American school systems as nonpolitical entities. This started in the 50’s but reached new plateaus in the 70’s brought about by abortion rulings and busing orders from liberal activist judges. I was there in Pontiac, Michigan in the 1970’s and saw first hand this insidious destruction of values and academic standards in favor of politically correct agendas that destroyed and disabled the moral and traditional values of our kids. Sarah and millions of other “regular” kids missed this and for years were ignorant of this movement into the schools of America by the leftist.

Then one fine summer afternoon she got a call from John McCain to run with her for vice president of the United States. And suddenly her world changed from local skirmishes with weasels involved in local issues to dealing with the fascist machine both in Washington and in the media. She like millions of other good and decent Americans sheltered from the viciousness and derangement of these New Leftist. Emboldened by a declining intelligent electorate and years of propaganda in our educational institutions both in lower and higher learning and she was shocked! Prey tell Sarah and the rest of white America where were you as our cities were destroyed in the 70’s and 80’s?

Sarah like millions of other middle and upper class white people have finally been awakened to the reality us lower class whites have been dealing with for decades. These b

Sarah Palin

astards are vicious, prejudice and anti American. They will stoop to any means to demonize and destroy anyone who stands in the way of power and total annihilation of “white privilege”. They have federal, state and local policies in place that discriminate as a matter of public law. Welcome to the club Sarah. Was it fun?

Sarah, like millions of other Americans, seems to have wakened up from her slumber. Will she run for the White House? My bet would be yes. It’s in her nature. So to it’s in the lefts nature to destroy her by any means necessary and I mean that literally. She would be putting her life at risk because with the exception of General Petraeus her road to the Republican nomination is strait as an arrow. I wish Sarah the best. She’s not perfect but who is?

She’s somewhat ethnocentric but only has a mild case of the world revolves around me syndrome. Her economics is tolerable but she would be well advised if she ever graces the White House to name Cato scholar Dan Mitchell as treasury secretary and LISTEN to every word he says.

And yes Sarah you did the “slime line” but millions of Americans have done worse. I worked as the asbestos inspector back in my college days. When I got done with class on the other side of campus I got in my car to drive across campus to my job supervising illegal aliens and they removed the carcinogens from the University of Central Florida Administration Building. I got in my car not because I was lazy but because I didn’t want my professors or fellow classmates to see what my real job was. Yes I and millions of other American have done these types of jobs that we don’t like to brag about. You are not alone.

And yes Sarah’s family was lower middle class but she had a family. She obviously doesn’t know how valuable that is unless you never had one. It is a HUGE advantage having a male biological father figure in the house protecting you and providing for your siblings. This is why I don’t get Sarah’s “I am woman” and support of Title IX attitude.

How many men were denied scholarships at universities because of Title IX? And for what? To make room for women’s badminton? The answer is college wrestling programs were drastically reduced in the 70’s to make way for women’s sports teams that were almost impossible to field. Another attempt by the left to marginalize men and their masculinity as well as their sports. Let the marketplace dictate the number of men and women in athletics. Shame on Sarah. She needs to scrap the women crap and support the removal of Title IX and all other anti male legislation. It’s not a whole lot of fun going to the welfare office with your single mother to get the necessities of life from some government worker. It is better to be lower middle with a father than suffer the depravity, be ostracized and endure the humiliation of poverty and no father.

I get the feeling she doesn’t really see the war in the lower 48 that has occurred on fatherhood brought about by welfare, child support and the virtual elimination of men’s role in their children’s lives. In the lower 48 men are looked at as walking wallets and nothing more to the leftist.

Sarah is cute and smarter than most women. She would be a great president over the dolt we currently have who is in love with the idea of being dictator for life. She needs to drop the feminist ego and listen to her kid Track. If she does that she can make a positive change for America if for no other reason than she will be the final straw that broke the republics back and separated the lower 48 forever. Live free or die.

Good luck Sarah and cover up when that buckshot starts falling down on you.

Guess What Dorothy the races are not equal!

For years anyone who pointed the obvious differences in the races was called a racist and shunned from society. When Charles Murray wrote the Bell Curve in 1994 pointing out the obvious he was ostracized and his book was accused of manufacturing data. This has got to be one of the stupidest debates on the face of the planet. The evidence for differences in human intelligence is literally on every street and neighborhood. Go to any predominately black neighborhood and look around. Then go to a Chinese, white or Hispanic. Take a look around and tell me what you see.

One of the stupidest con games of government propaganda ever played on the people is that the races are equal. There has been forced school bussing, affirmative action, inner city development and federal regulations from here to eternity denying the obvious. All these games for decades where everyone pretends we are equal. All one big lie that has cost billions of wasted dollars. Just like the Global Warming scam is falling apart so to is the idea that we are of equal characteristics.

The following is from The Economics showing the revelation through genetics that we are not equal. What this means politically is that as America gets more populated with lower IQ voters our system of government will gravitate towards dictatorship as this population swells and demands to be taken care of by the state. With whites down to 66% of the population we may have a few election cycles before we are voted into insignificance and enslaved by the future majority. It is time to get real about immigration and returning the Senate representation back to the states.

The looming crisis in human genetics

“We will also identify the many genes that create physical and mental differences across populations, and we will be able to estimate when those genes arose. Some of those differences probably occurred very recently, within recorded history. Gregory Cochran and Henry Harpending argued in “The 10,000 Year Explosion” that some human groups experienced a vastly accelerated rate of evolutionary change within the past few thousand years, benefiting from the new genetic diversity created within far larger populations, and in response to the new survival, social and reproductive challenges of agriculture, cities, divisions of labour and social classes. Others did not experience these changes until the past few hundred years when they were subject to contact, colonisation and, all too often, extermination.”

The Messiah gives his orders for Afghanistan

The Magic Half Negro has given his orders for the troops in Afghanistan and the military will obediently obey. From a military and political point of view the half Negro walked a fine line about as well as he could be expected. He had to give in to the military or lose all military support. This is important for a dictator wanna bee like Obama. No military support no dictatorship. End of story. So the dictator in training conceded somewhat to the military and gave them some troops.

Affirmative Action President

Doesn’t change the fact that the fascist wanna bee is squarely pitted against the people of the United States. Like Hitler in 1933 this scum needs to develop a contingent of Brown Shirts like the SEIU union to carry the fight to the people. But the fool failed to realize the power of the modern internet and the press repeatedly broadcasting his SEIU thugs beating up civilians. The con also failed to realize there are plenty of red necks and the like just waiting in the wings for a chance to take the SEIU thugs down a notch or maybe quite a few notches. Just give us an excuse. This ain’t going to be no 1933 Mr. President. So the communist educated affirmative action idiot flails away on foreign policy. So be it.

Nothing changes. The march to civil war continues. No quarter.

Sarah Palin will be the Second Abraham Lincoln

With the ouster of Mike Huckabee, who forever justified or not, will be known as the man who commuted the sentence of a four time cop killer. The road to the Republican nomination is wide open for Sarah Palin. Romney will give her a fight as well as Pawlenty of Minnesota. It will be interesting but not very interesting in the Republican Primaries in 2012. But has anyone thought of what this will do to the liberal elite establishment that has run America since Teddy Roosevelt?

The liberal establishment looks down at the peasants from their high perch. Those elitist snobs in control of Hollywood and the lame stream media. The pukes at GE and other corporations lobbying congress to get as complex tax codes to shield themselves from start up competition. The medical insurance industry with it’s anti trust exemption. All the oligopolies both foreign and domestic that extract higher profits from complex tax laws and useless regulations. Doctors, lawyers, businessmen and women from large protected corporations. What will they do if a 21st century Andrew Jackson actually stands up for the people?

Sarah is not one of the elites. Why would she support the Department of Education, Housing or even the Federal Reserve? Sooner or later, probably sooner, she will figure out all these agencies are a way to enslave the population and or rip them off. And she has never been on the inside getting that special treatment from these organizations and she will work to kill them.

The first reaction will be for the powerful elites to buy her off. They will try to corrupt her as much as possible with trips and contributions. Suddenly the Federal Elections Commission that was missing in action in 2008 will grow a spine and investigate every donation to Palin. Forget 2008 when millions of overseas donations poured into Obama’s coffers. In 2012 the FEC will be as pure as Snow White but only to Palin.

And if Sarah makes her way through the traps that will be set for her? I give her a good chance of doing just that. Her experience with the crap thrown her way in Alaska as governor has had the unintended side affect of making her keenly aware of the dirty tactics that will be used against her. I would not be surprised if her campaign makes every single dollar donated to her have a name and address behind it. The current requirement is only donations over $50 which is how Obama filtered millions in illegal donations into his coffers. After her Alaska experience she will be extra diligent in running a squeaky clean campaign. And I doubt she will not hesitate to fire those under her that try to sabotage or deviate from her strict standards.

So all goes as intended. She is elected. And how long will it be before Obama and his thugs do the Fort Sumter succession dance? History tells us it won’t be long. Try a couple months at best. The elites will not tolerate someone in the White House who is really for the people.

This time instead of trying to keep the union together lets split it up. Red states and blue states. Red counties and blue counties. Let the fascist, socialist and communist interbreed and live the workers paradise. Let the rest of us go on with our lives without the really super duper really smart elites in the northeast. Good riddance and have fun with that 70% tax rate. Death to tyrants.