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:

“Don’t Taze me Bro!” Watch video of University of Florida student journalist, Andrew Meyer, being Tasered for asking US Senator John Kerry the wrong question at a school Q and A session.

See Video by pressing play here:

Mr. Andrew Meyer, a University of Florida student journalist, was handcuffed and tasered after asking Senator John Kerry some questions during a structured Q and A session following Kerry’s speech in Gainesville on September 17, 2007.Wire Services report that Senator Kerry released a statement about the event on Tuesday, saying:

“In 37 years of public appearances, through wars, protests and highly emotional events, I have never had a dialogue end this way.” Kerry said. “I hope that neither the student nor any of the police were injured. I regret enormously that a good healthy discussion was interrupted.”

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!

Jesus Christ on the evils of Nationalism and War:

“In the former law it was said: “Do good to men of your own nation, and do evil to strangers.” But I tell you, love not only your own countrymen, but people of other nations. Let strangers hate you, let them fall upon you, wrong you; but you speak well of them, and do them good. If you are only attached to your countrymen, why, all men are thus attached to their own countrymen, and hence wars arise. Behave equally towards men of all nations, and you will be sons of the Father. All men are his children and therefore all brothers to you.” -Jesus Christ (Mt. v. 43)
(Click here for a link to Tolstoy’s The Kingom of Heaven is Within You, then read it, then readThe Gospel in Brief by Tolstoy as well Thank you.)

Air Force completes investigation into “loose nukes” it flew over US.

I just read a good article explaining how the Air Force says it’s soldiers ended up flying a B-52 mounted with six nuclear-armed cruise missiles (each more powerful than 10 Hiroshimas according to the article’s author) from North Dakota to Louisiana on August 29, 2007. Click on these sentences to read it for yourself; very interesting, very sad, and very scary.

power of 10 HiroshimasX6 flown over US by USAF

Chinese Proverb: An interesting distinction to consider when leading or educating anyone…

“Tell me and I’ll forget; show me and I may remember; involve me and I’ll understand.”— Chinese proverb