Tag Archive: Ben Bernacke


SOTU Least Watched In 14 Years, Snowden Gets Nobel Nomination, Dems Lose Ground In Party ID

 

It’s amazing to me how many people think that voting to have the government give poor people money is compassion. Helping poor and suffering people is compassion. Voting for our government to use guns to give money to help poor and suffering people is immoral, self-righteous, bullying, laziness.” — Penn Jillette “

 

 

 

 

   United Liberty brings us a roundup of news items sure to give advocates of individual liberty reason to be optimistic for the future .

 

 

 

” — The State of Our Union is…YAWN: Yeah, Americans just aren’t as into the State of the Union address as they used to be. Maybe they’re tired of hearing the same rhetoric repackaged every year. Maybe they’re just sick of Washington politics. Whatever the reason, the 2014 State of the Union address was the least watched since 2000. It’s not like Americans missed much. All anyone seems to be talking about is Joe Biden.”

 

 

Be sure to check out all the links that include stories on …

 

” Hero, Traitor…Nobel Prize nominee?

Holder unable to defend executive overreach

This is, basically, the only way to get Obama’s attention

It would be nice to hear Republicans talk like this

Bernanke’s legacy

Democrats lose ground in state party identification

Tax Hike Mike leads the GOP pack

This is why the Liberty Movement is so amazing “

 

 

    All the stories captioned above are sure to inspire the liberty minded and serve as stark reminders that the MSM does not speak for the people , only the State .

 

 

 

 

 

 

 

 

Cyprus: Can It Happen Here?

 

 

 

 

” After going back and forth, the government of Cyprus ultimately decided, under international pressure, to go ahead with its plan to raid people’s bank accounts. But could similar policies be imposed in other countries, including the United States?

One of the big differences between the United States and Cyprus is that the U.S. government can simply print more money to get out of a financial crisis. But Cyprus cannot print more euros, which are controlled by international institutions.

Does that mean that Americans’ money is safe in banks? Yes and no. The U.S. government is very unlikely to just seize money wholesale from people’s bank accounts, as is being done in Cyprus. But does that mean that your life savings are safe? No. There are more sophisticated ways for governments to take what you have put aside for yourself and use it for whatever politicians feel like using it for. If they do it slowly but steadily, they can take a big chunk of what you have sacrificed for years to save before you are even aware, much less alarmed.”

 

 

 

Welcome To Obamaville 

 

 

” ‘I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” – Ben Bernanke, November 8, 2002.

That was how Federal Reserve chairman Ben Bernanke concluded his remarks at a conference honouring Milton Friedman on his 90th birthday. Anna Schwartz was Friedman’s less famous yet no less significant collaborator; she died in June.

Bernanke refers to Friedman and Schwartz’s A Monetary History of the United States: 1867-1960, published in 1963, as “the leading and most persuasive explanation of the worst economic disaster in American history, the onset of the Great Depression”. Their research, which countered decades of Keynesian orthodoxy on the 1930s, placed the blame for what they dubbed the Great Contraction of 1929 to 1933 squarely at the feet of the Fed.

Bernanke read Monetary History as a graduate student and became a self-described Great Depression buff. Not convinced the 1929 to 1933 contraction of the money supply was sufficient to account for the fall in output, he offered an additional explanation in a 1983 paper, “Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression”.”

  Things to come ?

” So the Bernanke Put is a lie. The markets will be realizing this in the coming months if not sooner. When they do, we’ll see the REAL
Collapse: the one to which 2008 was just a warm-up. “

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“Everyone is suddenly waking up to the horrors of the “fiscal cliff” that arrives on January 1, 2013, but the real clear and present danger keeps getting misdiagnosed. It’s the taxes, not the spending.”

Here’s the cliff …

“[T]he cliff that could break the economy’s neck is the scheduled tax hikes. These include a tripling of the tax on dividends, a
near 60% increase in the capital gains rate, a 20% increase in personal income-tax rates that will hit small businesses, and the
repeal of tax breaks allowing businesses to write-off capital purchases. “