“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy. -U.S. Congressman from Texas, Ron Paul, M.D.

“The greatest threat facing America today is not terrorism, or foreign

economic competition, or illegal immigration. The greatest threat

facing America today is the disastrous fiscal policies of our own

government, marked by shameless deficit spending and Federal Reserve

currency devaluation. It is this one-two punch -Congress spending

more than it can tax or borrow, and the Fed printing money to make up

the difference -that threatens to impoverish us by further destroying

the value of our dollars.”

“Unfortunately no one in Washington, especially those who defend the

poor and the middle class, cares about this subject. Instead, all we

hear is that tax cuts for the rich are the source of every economic

ill in the country. Anyone truly concerned about the middle class

suffering from falling real wages, under-employment, a rising cost of

living, and a decreasing standard of living should pay a lot more

attention to monetary policy.”

-Texas Congressman Ron Paul, M.D., April 10, 2007

People have hope:

“The official national debt figure, now approaching $9 trillion,

reflects only what the federal government owes in current debts on

money already borrowed…It does not reflect what the federal

government has promised to pay millions of Americans in entitlement

benefits down the road…Those future obligations put our real debt

figure at roughly fifty trillion dollars -a staggering sum that is

about as large as the total household net worth of the entire United

States…Your share of this fifty trillion amounts to about $175,000.”

-Texas Congressman Ron Paul, M.D. March 6, 2007

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.”

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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.”

The U.S. Economy in 2007

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” –Thomas Jefferson

“We face a coming financial crisis. Our current account deficit is more than $600 billion annually. Our foreign debt is more than $3 trillion. Foreigners now own over $1.4 trillion of our Treasury and mortgage debt…We must borrow $3 billion from foreigners every business day to maintain our extravagant spending. Our national debt now is increasing $600 billion per year, and guess what, we print over $600 billion per year to keep the charade going. But there is a limit and I’m fearful we’re fast approaching it.” –Congressman Ron Paul, M.D., September 17, 2005

“Make no mistake, the problems faced by the American people are not caused by unscrupulous mortgage brokers or the rising price of oil; these are symptoms of an economic disease caused by a spendthrift Congress enabled by loose monetary policy.” –Congressman Ron Paul, M.D., November 3, 2007

“Now, the Democrats have released a report on the total costs of the military operations in Iraq and Afghanistan, including “hidden costs” such as interest on the money we’re borrowing, and long-term healthcare for vets…The bill comes to $3.5 trillion…If $3.5 trillion is the true cost of these military adventures, $11,500 is the amount every man, woman and child in this country pays. So, a family of four would pay $46,000 just for this war…In other words, war has cost more than an entire year’s worth of income from each middle class Texas family…Congress should not increase taxes by $3.5 trillion and the administration meeds to end the occupation of Iraq, with its costs of $3.5 trillion to taxpayers. Let the hardworking American taxpayers keep their money. Families need that $46,000 far more than government does.” –Congressman Ron Paul, M.D.

“Federal Spending, deficits, and Federal Reserve mischief hurt the poor while transferring wealth to the already rich. This is the real problem, and raising taxes on those who produce wealth will only make conditions worse. Borrowing money to cut the deficit is only marginally better than raising taxes. It may delay the pain for a while, but the cost of government eventually must be paid.

Federal borrowing means the cost of interest is added, shifting the burden to a different group than those who benefited and possibly even to another generation. Eventually borrowing is always paid for through taxation.” –Congressman Ron Paul M.D.

Is Ron Paul a Great Man? Watch videos to see what you think.

Ron Paul : Stop Dreaming:

Ron Paul : Don’t Tread on Me:

Ron Paul : A New Hope:

Ron Paul : Schooling Ben Bernanke and the Federal Reserve:

Ron Paul : Courageously Speaks the Truth:

Ron Paul : Great Answers to hate received from pro war Republicans

Trent Lott, “I have a six-year contract with the people of Mississippi,” announces retirement one year after election to begin lobbying career!

In a letter explaining his intent to retire from government service by the end of December this year, [Trent Lott]…denied that the change in lobbying laws (prohibiting senators from becoming lobbyists for two years, as opposed to one year at present), which kicks in on December 31, right after his re$ignation takes place, had anything to do with his decision.The following is reported by By Carl Hulse in the New York Times 11-30-2007:

“…What is even more striking is that Mr. Lott had barely begun his fourth term. Just a year ago, he persuaded the voters of Mississippi to send him back to Washington for another six years. Politicians are usually loath to break that unwritten agreement with the voters unless they have a pretty good reason. Some people expect politicians to fulfill their obligations.

Mr. Lott himself cited his bond with the voters in 2002 when he decided to remain in the Senate after being forced to step aside as Republican leader following the furor over a racially charged remark he made at Strom Thurmond’s 100th birthday party.

“I have a six-year contract with the people of Mississippi,” he said at the time. “I have a job to do.”

True, Mr. Lott exhibited some reluctance about running this time around and in 2006 flirted with retiring to go into the private sector. But he signed on again, citing the need to help the state recover from the hurricane that claimed his own home. Once he was back, he seemed to jump in with both feet, persuading his colleagues to give him a spot in the leadership — an amazing political rebound.

But the Senate evidently doesn’t hold the allure it once did. Among those departing in January 2009 — at the designated end of their terms — are Republicans Chuck Hagel of Nebraska, Wayne Allard of Colorado, John W. Warner of Virginia, Pete V. Domenici of New Mexico and Larry Craig of Idaho. The reasons include general frustration, changes in the political climate of their states and advancing years, not to mention an undercover sex sting and the prospect of remaining in the minority.

No doubt Mr. Lott, a lawmaker who took real joy in cutting deals both during his days in the House and as a skilled Senate broker, is frustrated by the current Senate stalemate. But the timing of his departure seems aimed more at beating tougher restrictions on lobbying by former members. And it seems more than coincidental that his friend and fellow deal maker, former Democratic Senator John Breaux of Louisiana, is breaking away from his firm to open a new lobbying and consulting shop.

The draw of the dollar on K Street is strong. Mr. Lott can make millions providing advice to big-money interests willing to pay handsomely for his tutelage on navigating Congress. Compared to some other former lawmakers working the street, Mr. Lott might be worth it. He really knows how to play the game after serving as whip in the House and both majority and minority leader in the Senate. He could be invaluable to insurance companies, airlines, banks, defense contractors, health care entities and anyone with tax issues, not to mention the oil and gas interests he and Mr. Breaux backed as lawmakers.

Mr. Lott might be the first senator to forfeit part of his term to become a lobbyist, but not the first who was checking his bank balance when he quit. Mr. Chandler, the Kentuckian who left to oversee baseball, made no bones about his motives. He later wrote that the $50,000 starting salary was a major factor.

“I was making $10,000 as a United States senator from Kentucky and losing the battle then common to senators who tried to maintain separate residences in Washington and their home states,” he said.

Translation: Show me the money.”