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Collectivist Banking

So many Americans believe that the Federal Reserve is a Governmental institution because it has the word Federal in the name. You couldn’t be more wrong. It is a private banking group formed by Woodrow Wilson a Progressive President and it just plays with your money. We have a Federal institution; it is called the U.S. Treasury.

Ron Paul: “The Fed’s Massive Bubble Is Creating A World Of Economic Pain”

There shouldn’t be a Federal Reserve, but it exists, and it’s constantly creating a world of economic pain.?

Each Federal Reserve bubble must turn into a bust. It’s unavoidable.

According to the central planners, the “solution” for the bust is more creation of new money and credit. That’s the only way they can keep their “system” alive.

When the Fed’s stock market bubble burst in 2000, it responded by creating new money and credit. Lo and behold, this led directly to the next bubble that was even bigger.

When the housing bubble burst in 2008, Wall Street was bailed out by taxpayers, and TRILLIONS of new dollars were created as the “solution.”

And now, almost 10 years later, we have an even bigger bubble than 2008.

The central planners at The Fed have done it again.

How much longer will we allow this “system” to last? How much economic pain will it take to return to sound money again?

To understand this one needs to look at currency against the price of a commodity benchmark, usually gold at a given point in time. The best point is when Nixon took the Country off the Gold Standard. Gold was priced around $300USD so we can start there.
Then it took $300 dollars to buy one ounce of gold. (12 troy ounces in a pound) Now gold is selling for close to $1300USD an ounce. Did gold rise up that much or is the dollar worth less (worthless). Loking at this another way, if you have $10 bill and the government prints another $10 bill, is your money worth $20 or worth $10, each bill now worth only $5 each. One way to find out is to try to exchange the dollars for another currency. Then you will find out what they believe the value of the dollar is. We are a debtor nation, like others with a fiat currency. We have nothing to back up the dollar except the “Full Faith and Credit” for what that is worth.
An example of where this financial idiocy terminates, observe Venezuela.

Maduro faces financial nightmare in Venezuela — just in time for Halloween

With its coffers empty and its financial moves restricted by U.S. sanctions, Venezuelan President Nicolás Maduro’s government is facing a nightmarish scenario with the approach of Halloween, when a series of debt payments totaling more than $3.5 billion are due.

Analysts said the government will do everything possible to make the payments, even if it means further cuts in already reduced food imports, which would deepen shortages in a country where a majority of people cannot get three meals a day.

But a default cannot be ruled out because of the precarious state of the country’s finances, the low level of reserves and the reluctance of strategic allies like Russia and China to continue lending money to Venezuela. [snip]

But the government could also decide to suspend all imports of food and medicine, De La Cruz added.

“They have demonstrated that they do not care about the well being of the people if it risks their hold on power,” he said.

The government has averted default in recent months because of timely loans from the Russian government, which so far has always seemed ready to provide the millions of dollars needed by its foundering Latin American ally. [snip]

“The Russians are not very happy,” Dallen said, noting a report in June that Venezuela had failed to make a $1 billion payment due to Moscow.

One billion dollars may not look like much in the United States, but it’s a lot for Russia, said Dallen, who often consults with Washington officials on Venezuelan affairs.

The Russians may well be approaching the point of concluding that continuing to invest in Venezuela is too risky, he added.

These ending ain’t pretty, usually finishing off with lots of gunfire and blood.

Sunday Toon

Honoring the NFL and ‘Free Speech’

The State owned Media colludes with the NFL to make sure that the clowns players rights to FREE SPEECH is not impinged. We note how they always stood up for thin in the past.

IF you watch a game, think about how these players were treated for their Speech rights.

NFL History – Says it all

    • In 2012 the NFL had an issue with Tim Tebow kneeling for each game to pray, they also had an issue with Tebow wearing John 3:16 as part of his blackout to avoid glare and made him take it off.
    • In 2013 the NFL fined Brandon Marshall for wearing green cleats to raise awareness for people with mental health disorders.
    • In 2014 Robert Griffin III (RG3) entered a post-game press conference wearing a shirt that said “Know Jesus Know Peace” but was forced to turn it inside out by an NFL uniform inspector before speaking at the podium.
    • In 2015 DeAngelo Williams was fined for wearing “Find the Cure” eye black for breast cancer awareness.
    • In 2015 William Gay was fined for wearing purple cleats to raise awareness for domestic violence. (not that the NFL has a domestic violence problem…)
    • In 2016 the NFL prevented the Dallas Cowboys from wearing a decal on their helmet in honor of 5 Dallas Police officers killed in the line of duty.
    • In 2016 the NFL threatened to fine players who wanted to wear cleats to commemorate the 15th anniversary of 9/11.
    • So tell me again how the NFL supports free speech and expression all of a sudden….

Cognitive dissonance

These late night bloviators want to make jokes about current events, but when the event fouls their nest, well not so much is it humorous.

Kimmel had much to say as the Pope of America’s probity on ObamaCare, gun control and the President. Now the scandalous and possible criminal actions of Weinstein, Kimmel claims a “no license” to engage in making comment abut someone else’s behavior.

Kimmel on Lack of Weinstein Jokes: Look, I’m Not the Country’s Moral Conscience, Okay?

Well, you could have fooled us, Jim.  It really seemed like you were supremely comfortable with serving as the country’s self-appointed moral conscience as you agitated against Obamacare repeal (having admitted to never meeting any of the millions who’ve been harmed by the law) by literally reading Democratic talking points — all to great media acclaim.  And you appeared mighty fine with scolding Republicans on gun control, smearing Second Amendment advocates as somehow complicit in the Las Vegas massacre.  Given this sobering, complicating reality check from Dianne Feinstein, I was half expecting you to primary her from the left out there in California.  But what’s this?  Are you suddenly surrendering your mantle as High Priest of Moral Rectitude and Wokeness all because you’re hesitant to go nuclear on your buddy whose grubby fingerprints are all over the industry in which you make your lavish living (and also unwilling women’s bodies)?

Kimmel had to be dragged, kicking and screaming into targeting Weinstein by Donald Trump, Jr. — following two full shows of silence.  Why is this professional comedian (and others) still soft-pedaling the topic?  Is there no ridicule-worthy content in a man whose employment contract basically allowed for sexual harassment, so long as he paid fines to the board, whose members are now feigning terrible shock over his long history predatory abuses?  And who’s reportedly planning to challenge his termination as wrongful?  Nothing to skewer here, amirite, Jimmer?

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