Is the economy really getting better? This is the question being debated daily on the daily financial news. Why don’t we discuss it a bit. It is kind of important! (more…)
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Archive for the 'economy' Category
U.S. Economy; Is it really getting better?
Posted by Richard on July 10th, 2009
Too Socialist for socialists?
Posted by Richard on June 3rd, 2009You know our move toward a more socialist country is out of control when criticism comes from the former Soviet Union!
Merge of U.S. and Soviet Ideas
Socialists mainly share the belief that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital, creates an unequal society, and does not provide equal opportunities for everyone in society. (Wikipedia) This is what I believe to be Obama’s understanding and guiding factor for his vision in his presidency
An article in Pravda online magazine speaks of our march toward Marxism and blatant this move is. The author, Stanislav Mishin, has written about how American capitalism is dying. Piece by piece it is disappearing.
Our Government is making moves that are unheard of in a free market society. Some steps involve communist ideas such as common ownership. GM, AIG are examples of this. Others are socialist in nature. Equality for all no matter how hard one works is a central idea here. Marxism , however is leading us into this future that very few people realize or want. Marxism is an economic political theory by which law is considered an instrument of oppression and control, and which the ruling class uses against the working class. (Wikipedia)
The government is the true ruling class and they are using the rule of law to oppress the way of life in the United States. Our Government officials do not truly represent us anymore. They represent their own political agendas. Our ability to enact change is a smoke screen and the proverbial carrot on a string. It seems as though the government is getting in business for themselves. The only way they can pay for all these large entitlement programs is to get income from business. Taxes are not enough to feed the insatiable appetite of the larger government programs. Mishin recognizes this. He has been writing on the fall of U.S. Capitalism for some time. In October of 2008 Mishin wrote another article for the Pravda online news outlet. It can be found here at the Information Clearing House.
His perspective is one of a person who lived in a communist country that was headed toward severe socialism. Now Russia is much more open. They are still a mixture of communism and capitalism, but they are polar opposites of the once massive Cold war Russia. They have embraced the ideas of free market capitalism for the most part. They also involve the people much more in their decision making. The point, is that they went the opposite direction. We are moving backwards.
Ex. It is like two cars passing in opposite directions on a two lane road. Russia is driving away from the cliff having climbed out of the cavern at it’s end. The United States seems to be ignoring that fact that the Russian car is driving away. We are driving at the cliff at 100mph.
Our Driver, evidently knows of an invisible bridge or is completely blind. Hopefully we find out before the bottom of the cavern swallows us whole and China takes over the world.
A lot of smart people are warning of what is going on and how we are getting there. We are getting there by borrowing from everyone in the world to the point where it is going to be virtually impossible to repay our debts. Glenn Beck is speaking out against these moves daily. Ben Bernanke, our Fed Chairman even said today while at a hearing on Capital Hill, “large U.S. budget deficits threaten financial stability and the government can’t continue indefinitely to borrow at the current rate to finance the shortfall.” He also said, “Unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth.” (courtesy of Bloomberg) Even if his political views are parallel to the President’s and his administration, Bernanke knows we can not keep the faucet open forever.
Let’s hope the government heads his warnings. The Fed Chairman was practicing the idea of (CYA) to the American people today! We are in dangerous territory and he is protecting himself.
It takes a cheat……to catch one I guess!
Posted by Richard on May 4th, 2009Tim Geithner is going to catch the “tax cheats”. Isn’t that kind of like putting the fox in charge of protecting the hen house? Tim Geithner is one of the ones that was using the “loopholes” to keep more of his “hard earned” money. (more…)
Tired of Welfare!
Posted by Richard on April 13th, 2009Personal story of my trip to Wal-Mart the other day. I stood in line and watched people on welfare purchase their groceries and was amazed to see the actual numbers. While in line I saw 3 people use the little American Flag “Credit card” that is the new welfare card. I only got to see one of the ladies total and what she had to pay, but it was amazing. Here are the stats;
Total Buggies of Goods: 3
Goods in buggy: Steaks, all name brand goods, Tide, Barrons Pizza, etc.
Total $ amount of goods: $494
Total lady had to pay out of her pocket: $131
She paid 26% of the total amount of her goods in her buggy and is eating better than I do. I buy almost all non-name brand goods and spend roughly $400.00 per month on food and other groceries. This is not right. We work hard and have to scrape to get by and these people get ridiculous help. This is another thing wrong with this country. Now they want to take more of the money from hard working people and give it to these types of people. BS, is all I have to say.
Did I mention she also bought clothes, purses, etc!
Thank you uncle SAM!
What do you think of Peter Schiff?
Posted by Richard on April 9th, 2009Here is an article posted by economist Peter Schiff at Euro Pacific Capital. Peter is the President of Euro Pacific Capital. I think he hits the nail on the head with his commentary about the steps being taken currently to “fix” the Economic problems. I have seen him numerous times on many different financial television shows and he seems to know what he is talking about. His common sense approach is why I listen to what he has to say.
Article courtesy of: http://www.dollarcollapse.com/
Still think your money is safe?
Posted by Richard on March 4th, 2009If everyone thinks that their money is completely safe in the banks, you need to read this news article on Bloomberg. It talks about the FDIC fund that is meant to protect your money in the banks. It quotes the head of the FDIC who states that the fund may be insolvent if banks continue to fail. Many banks have already failed and continue to fail.
Rick Santelli tells it how it is!!
Posted by Richard on February 19th, 2009Here is the link for today’s video of Rick Santelli on CNBC.
http://www.cnbc.com/id/15840232?video=1039849853
Watch the whole video. This is exactly how the responsible people of this country feel! Well…….at least this one!
GM, Chrysler May Get Bankruptcy to Protect U.S. Loans
Posted by Richard on February 9th, 2009That’s not all that’s in the “Stimulus”
Posted by Richard on February 4th, 2009Just when you thought you got all of the items in the stimulus that should not be there, you find some more. (more…)
Ethics be gone!!
Posted by Richard on February 3rd, 2009Obama promised a different kind of Washington under his guard. Was he lying? (more…)