The dollar headed for the biggest weekly loss against the euro since December after Federal Reserve Chairman Ben S. Bernanke signaled the bank may cut interest rates further to avert a recession.

(click play on video below to see more…)

the following is an excerpt of Feb. 15 (Bloomberg) article by By Stanley White and Kosuke Goto– “The dollar headed for the biggest weekly loss against the euro since December after Federal Reserve Chairman Ben S. Bernanke signaled the bank may cut interest rates further to avert a recession.

The currency traded near a one-week low versus the euro as Bernanke said the Fed “will act in a timely manner as needed to support growth.” The allure of U.S. assets diminished as the yield premium of European government bonds over Treasuries widened to the most in more than a week.

“The dollar will remain weak today after Bernanke’s speech,” said Motonari Ogawa, vice president of interest-rate products and foreign exchange in Tokyo at Morgan Stanley, the second-largest U.S. securities firm. “The U.S. yield disadvantage is increasing. I was about to turn into a dollar- bull, but I’m now rethinking it.”

CNNMoney (See original article here.) By Brian O’Keefe, senior editor, quoting Jim Rogers on the US economy right now:

“Conceivably we could have just had recession, hard times, sliding dollar, inflation, etc., but I’m afraid it’s going to be much worse,” he says. “Bernanke is printing huge amounts of money. He’s out of control and the Fed is out of control. We are probably going to have one of the worst recessions we’ve had since the Second World War. It’s not a good scene.”

(The central bank’s second interest rate cut in a week raises the risk of inflation and bails out the banks.)

(Interest rate cut=increased money supply=inflation=hard times for poor and working families)

Rogers looks at the Fed’s willingness to add liquidity to an already inflationary environment and sees the history of the 1970s repeating itself. Does that mean stagflation? “It is a real danger and, in fact, a probability.”

Great explanation of what is going wrong with our economy and why we should be upset on behalf of the people and the founding fathers:

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Congressman Ron Paul, MD vs. Fed Reserve Chairman Ben Bernanke, 11/08/2007:

Interesting video of Congressman Ron Paul explaining Our Founders’ Constitution and the insidious transfer of wealth form poor and working class to Corps. and banks via “inflation tax” to Federal Reserve Chairman Ben Bernanke

Ron Paul explaining these things to Fed Reserve Chairman Ben Bernanke:

Recent news montage of sliding dollar and dangerous fiscal policy of Federal Reserve to protect banks:

Wall Street Wiz Jim Rogers predicts worst recession since WW II

Wanted to share this portion of an article at CNNMoney (See original article here.) By Brian O’Keefe, senior editor, quoting Jim Rogers on the US economy right now:

“Conceivably we could have just had recession, hard times, sliding dollar, inflation, etc., but I’m afraid it’s going to be much worse,” he says. “Bernanke is printing huge amounts of money. He’s out of control and the Fed is out of control. We are probably going to have one of the worst recessions we’ve had since the Second World War. It’s not a good scene.”

(The central bank’s second interest rate cut in a week raises the risk of inflation and bails out the banks.)

(Interest rate cut=increased money supply=inflation=hard times for poor and working families)

Rogers looks at the Fed’s willingness to add liquidity to an already inflationary environment and sees the history of the 1970s repeating itself. Does that mean stagflation? “It is a real danger and, in fact, a probability.”

Mike Huckabee seems like a good man.

With Chuck Norris on your side, who can be against you Mike Huckabee? (Read Chuck’s Endorsement here.)(Click to see Huckabee responding to Criticisms on Wolf Blitzer 11/05/2007)

(Click to see Huckabee on CBS great interview to get to know Mike Huckabee 11/11/2007)

(Click to see Huckabee on Chris Mathews, 11/08/2007)

(Click to see Huckabee on Tucker Carlson, 11/14/2007)

(See Youtube Chuck Norris Ad.)

visit chucknorrisfacts.com to see most popular facts!

Quotes to ponder this election season!

“Preventive war was an invention of Hitler. Frankly, I would not even listen to anyone seriously that came and talked about such a thing.”-Dwight D. Eisenhower, 34th President of the United States.

“A government which robs Peter to pay Paul, can always count on the support of Paul.” – George Bernard Shaw

“Peace, commerce and honest friendship with all nations; entangling alliances with none.” – Thomas Jefferson

“The natural progress of things is for liberty to yield and government to gain ground”. –Thomas Jefferson

“The spirit of resistance to government is so valuable on certain occasions, that I wish it always to be kept alive.” -Thomas Jefferson

“I believe that banking institutions are more dangerous to our liberties than standing armies.” -Thomas Jefferson

“I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.” -Thomas Jefferson

“Timid men prefer the calm of despotism to the tempestuous sea of Liberty.” –Thomas Jefferson

“A wise and frugal government which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.”– Thomas Jefferson (1801)

“Religious institutions that use government power in support of themselves and force their views on persons of other faiths, or of no faith, undermine all our civil rights. Moreover, state support of an established religion tends to make the clergy unresponsive to their own people, and leads to corruption within religion itself. Erecting the ‘wall of separation between church and state,’ therefore, is absolutely essential in a free society.” – Former US President Thomas Jefferson

“I must study politics and war that my sons may have liberty to study mathematics and philosophy. My sons ought to study mathematics and philosophy, geography, natural history, naval architecture, navigation, commerce, and agriculture, in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry, and porcelain.” -John Adams

“In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress.” -John Adams

“Democracy never lasts long. It soon wastes, exhausts and murders itself. There was never a democracy that did not commit suicide.” -John Adams, Letter, April 15, 1814