PoliticalByproduct.com

July 22, 2008

THE TORTURE NEVER STOPS!

Why should the normal person care about the value of the dollar? Well take a look at this:

5yr dollar chart

This is having a direct effect on gas (think about where gas prices were one year ago) and food prices. We need monetary reform in this country. It is time to get off of the fractional reserve banking system. Call your congressman and senator tell them to about the Monetary reform act!

More on this later. In the meantime if you want to see how deep the rabbit hole goes about fractional reserve banking click here.

Get Ready: Food Prices About to Leap

Don’t believe the hype. Think for yourself! Think differently leave a comment.

July 18, 2008

So, You Got FDIC Insurance eh?

You got F.D.I.C. Insurance Eh? -

FDIC LOGO

According to the FDIC WEBSITE

“Why Is FDIC Insurance Important to You?

All FDIC-insured banks must meet high standards for financial strength and stability. The FDIC, with other federal and state regulatory agencies, regularly reviews the operations of insured banks to ensure these standards are met. Even with these safeguards, some insured banks fail. If your insured bank fails, FDIC insurance will cover your deposits, dollar for dollar, including principal and any accrued interest, up to the insurance limit.

Historically, insured deposits are available to customers of a failed bank within just a few days. Since the start of the FDIC in 1933, no depositor has ever lost a penny of insured deposits.”

In some recent stories people have been told there is going to be a hold on their money for up to 8 weeks!

Other banks wary of IndyMac checks

Can IndyMac customers get a break?

IndyMac Bank Checks “On Hold”

Why would a bank hold on to money which is guaranteed by the FDIC insurance which will cover your deposits, dollar for dollar, including principal and any accrued interest, up to the insurance limit?

Is there a bigger problem?

Don’t believe the hype! Think for yourself. If you disagree with me, have additional insight, or just an observation leave a comment.

STOP THE PRESS!

Imagine if you will an evil plot to “legally” steal from you by people who you think are good! This is what is happening folks. It is time to wake up and realize you are being robbed of the value of your money.

Congressman Ron Paul
Statement before the Financial Services Committee
U.S. House of Representatives
Humphrey Hawkins Hearing on Monetary Policy
July 16, 2008
Mr. Chairman,
Today we find ourselves on the verge of an economic crisis the likes of which the United States has not
seen in decades. Our economy is very clearly in a recession, and every time someone tells us that the
worst has passed, another serious event takes place, as we saw once again last week and early this
week. Everyone now realizes that the situation is dire, yet either no one understands the cause behind
the credit crisis, or no one is willing to take the necessary steps to ensure as orderly an end to the crisis
as possible. Instead, we hear talk of further bailouts. The Fed-brokered takeover of Bear Stearns, a
supposed one-off incident, has now been joined by a potential bailout of the Government-Sponsored
Enterprises, Fannie Mae and Freddie Mac.
The two GSE’s have been disasters waiting to happen, as I and many others have warned over the
years. It was bad enough that Fannie and Freddie were able to operate with significant advantages,
such as lower borrowing costs and designation of their debt as government debt. Now, the implicit
government backstop has turned out to be an explicit backstop, just as we feared. The Greenspan
reflation of the economy after the dot-com bust pumped additional liquidity into an already-skewed
housing market, leading to an unsustainable boom that from many accounts has only begun to unravel.
With a current federal funds rate of two percent, and inflation at over four percent, the Fed is currently
sowing the seeds for another economic bubble.
At the heart of this economic malaise is the Fed’s poor stewardship of the dollar. The cause of the
dollar’s demise is not the result of a purely psychological response to public statements on US dollar
policy, but is rather a reaction to a massive increase in the money supply brought about by the Federal
Reserve’s loose monetary policy. The policies that led to hemorrhaging of gold during the 1960’s and
the eventual closing of the gold standard are the same policies that are leading to the dollar’s decline in
international currency markets today. Foreign governments no longer wish to hold depreciating
dollars, and would prefer to hold stronger currencies such as the euro. Foreign investors no longer
wish to hold underperforming dollars, and seek to hold better-performing assets such as ports and beer
companies.
Every government bailout or promise thereof leads to moral hazard, the likelihood that market actors
will take ever riskier actions with the belief that the federal government will bail them out. Bear
Stearns was bailed out, Fannie and Freddie will be bailed out, but where will the line be drawn? The
precedent has been established and the taxpayers will end up footing the bill in these cases, but the
federal government and the Federal Reserve lack the resources to bail out every firm that is deemed
“too big to fail.” Decades of loose monetary policy will lead to a financial day of reckoning, and
bailouts, liquidity injections, and lowering of the federal funds rate will only delay the inevitable and
ensure that the final correction will be longer and more severe than it otherwise would. For the sake of
the economy, I urge my colleagues to resist the temptation to give in to political expediency, and to
oppose loose monetary policy and any further bailouts.

July 17, 2008

Things you will never ever hear from John McCain or Barack Obama!

In full disclosure I supported Ron Paul to become president. Even though he is out of the race at least his message is still going strong (www.campaignforliberty.com). So what is it you will not hear from John McCain and Barack Obama?

Ron Paul in an interview with Cavuto said “it is not that people don’t have enough money it’s they don’t have enough value!” How true!

Check out another 5 year chart of the dollar:

5yr chart of the dollar vs euro

Also check out a chart of our national debt! (ever hear of compound interest?)

Actual National DEBT and GDP

July 16, 2008

Sit down, Shut up, Stop whining, and don’t be nervous!

Filed under: Dollar, Economy, Euro, Gas Prices, Greed, IndyMac Bank, Politics, Senate, Stock Market, Uncategorized — Brent Spychalski @ 4:01 am

Calm down or get arrested!

This is how the NEO-CONS try to tell you every thing is ok about the economy. Phil Gramm said we are all whiners and today the president was holding a news conference and his “bottom line” was: “We’re going through a tough time, but our economy has continued growing, consumers are spending, businesses are investing, exports continue increasing, and American productivity remains strong. We can have confidence in the long-term foundation of our economy, and I believe we will come through this challenge stronger than ever before.”

After this statement he was asked if he thought the banking system was in trouble. His response was very telling. He said ” I think the system basically is sound, I truly do. And I understand there’s a lot of nervousness. And — but the economy is growing, productivity is high, trade is up, people are working. It’s not as good as we’d like, but — and to the extent that we find weakness, we’ll move. That’s one thing about this administration, we’re not afraid of making tough decisions. And I thought the decision that Secretary Paulson recommended on Fannie Mae and Freddie Mac was the right decision.

The economy is growing? Take a look at an alternative viewpoint. Oh by the way growth has been less than one percent.

Productivity might be high, but are you making more for your productivity? – The answer is no!

People are working – Click here for some interesting facts.

The Royal Bank Of Scotland and Guido Lippens, the chairman of Fortis Bank, predicted a major financial collapse in the U.S. including bankruptcies of 6,000 regional banks and many major companies – Is the system sound?

OUR DOLLAR IS BECOMING WORTHLESS!

People can’t get a straight answer when trying to get money out to pay for bills.

This guy can’t check his balance or get money from an ATM.

So, Don’t Believe The Hype! — Think for yourself. IF you disagree with me, leave a comment.

July 11, 2008

McCain adviser says stop being so “mental” and such a “whiner”!

In a Washington times interview with Phil Gramm he said the economic meltdown is merely a “mental recession” and America is a “nation of whiners.” He stated growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices.

He also said “We’ve never been more dominant; we’ve never had more natural advantages than we have today,” he said. “We have benefited greatly” from the globalization of the economy in the last 30 years.

Chuck D said it best “Don’t Believe The Hype.”

We’ve never been more dominant? Let’s see here are some of the major economic headlines:

Chart of our Dollar Against The Euro: ( Dollar has been on a steady decline and Gas prices have been going up! Any correlation?)

Photobucket

Foreclosures Rose 53% in June, Bank Seizures Tripled

Shares of GM tumble to new 54-year low on speculation about financial health, bankruptcy

California town creates parking havens for homeless

Store Closings: Symptoms of A Depressed Economy

Rising food prices, sagging economy hurting food banks

And for those who like to think this is just whining then check out this article by Kevin Phillips a former republican party adviser.

Numbers racket: Why the economy is worse than we know


Bookmark and Share


Subscribe with Bloglines

It’s the dollar. Stupid!

Filed under: Congress, Dollar, Economy, Euro, Fuel, Gas, Gas Prices, Money, Politics, Senate, Stock Market — Brent Spychalski @ 5:29 am

Here is a 5 day chart of the Dollar Vs The Euro:
5 Day Chart Dollar Vs Euro

The mainstream media does not want you to know about how the decline of the dollar is causing Oil Prices to move higher! It is barely covered on all of the cable channels and is only covered in print, but is usually thrown in with some middle east crisis rhetoric.

The decline of the dollar is the main cause of your gas bill getting higher. Don’t believe me! Here are financial experts who are saying the same thing.

OPEC Leader Khelil Says Dollar Will Drive Oil to $170

Oil, Gasoline, Rise to Records on Middle East Violence Concern - “Oil also rose because of the weakening dollar, which bolstered the appeal of commodities as a hedge against the U.S. currency’s drop.”

Oil Rises for a Third Day on Dollar Declines, Output Disruption

Crude Oil Is Steady After Rallying More Than $5 on Dollar Drop

Oil Climbs To New Record Above $147 –

Avoid U.S. Dollar, Buy Commodities, Jim Rogers Says

Still don’t believe me! Well, look at these 5 yr charts for The Price Of Gas and The Value Of The Dollar:

5 YR GAS PRICE CHART

Gas Prices

5 YR CHART OF THE DOLLAR

Photobucket

Gas goes up while the dollar goes down.

Think differently go ahead and leave a comment.

June 27, 2008

Getting You Ready For Martial Law One City At A Time!

Filed under: Chicago, Police, Police State, Politics — Tags: — Brent Spychalski @ 5:21 pm

In response to a recent 12.7 rise in homicides, the Chicago Police Department is doing roll calls out side in a way to make communist China happy. The roll calls will be held out in the street in a parade type fashion with squad-car sirens, flashing blue lights, and Specialized units such as the SWAT team deployed in full battle dress.

Police Superintendent. Jody Weis said Tuesday “When people see police officers in uniform like this, it sends a message!” ” I’ll admit they are a little intimidating and they do have more of a military presence, but if that will cause people to disperse an area or maybe not engage in criminal activity, I’m willing to send that message.”

This quote comes after 3 known cities in the last month have hosted what are called Urban Warfare Drills. Indianapolis, In., Columbus, In., and Denver, Co. were cities who were interrupted by these drills with an “intimidating military presence!”

Get ready for more of these types of tactics to be used in the future!

Link: Click Here For Chicago Tribune Story

May 3, 2008

Unbelievable!

Filed under: Politics — Tags: , , — Brent Spychalski @ 4:39 pm

OK, so I live next door to Indiana in a state called Illinois.  If it wasn’t for Chicago there would really be no difference between the two states, but this video is unbelievable.  It just shows how the so called “elite” in this country show contempt for those actually make this country work. So, here you go for your viewing pleasure!

How to get a great car lease, general maintenance, insurance, registration fees and excess mileage charges all for FREE!!!

Filed under: Congress, Greed, Politicians, Politics, Uncategorized — Brent Spychalski @ 4:58 am

How would you like to get a luxury car lease, general maintenance, insurance, registration fees, and excess mileage charges for FREE? Well, all you have to do is get elected to congress!

In a time where families are losing their jobs, paying record high gas prices, and getting the screws put to them by rising food costs. Your congressional representative could be getting a free ride!

Let’s look at a sample of how these congressional members “roll.”

Congressional Member

Type Of Car

Gregory Meeks

’07 Lexus LS 460

Michael R. McNulty

’07 Mercury Mariner

Louise M. Slaughter

’07 Buick Lucerne

Charles Rangel

’04 Cadillac DeVille

Edolphus Towns

’08 Lincoln MKX

Thomas Reynolds

’07 Mercury Mountaineer

Maurice D. Hinchey

’07 BMW 530i

’07 Nissan Altima

Brian Higgins

’07 Ford Explorer

Vito Fossella Jr.

’08 Jeep Grand Cherokee

Jim Walsh

’08 Jeep Grand Cherokee

Jose E Serrano

’05 Buick LaCrosse

Jim Saxton

’04 Chevy Trailblazer

Anthony D. Weiner(NY)

’08 Chevy Impala

Nancy Pelosi(CA

Chevy Suburban

John Dingell (MI)

Ford Escape

Alcee L. Hastings (D-Fla.)

Infinit M45 (would rather drive a tank!)

John T. Doolittle

Toyota Highlander

John E. Peterson

Chevy Tahoe

Rep. Elton Gallegly

Ford Expedition

Joe Barton

Chevy Tahoe

Emanuel Cleaver

Ford Econoline

Diane Watson

Lincoln Town Car

Laura Richardson

Lincoln Town Car

Xavier Becerra

Toyota Prius

Wally Herger

Ford Expedition

So, while business is up for pawnshops by people who need money for gas, and American’s are losing $6 Trillion dollars in home equity, you can feel like a great American because you are paying for 30% of congress to drive around and as Chuck Rangel said “project an image of success!”

Oh, by the way. They decided to go green put together a list of “approved” environmentally friendly cars. My next post will go over how many years these congressional representatives have been in office as well as senators. You will find this amazing!

.

http://www.nytimes.com/2008/05/01/nyregion/01cars.html?ref=us

http://www.latimes.com/news/nationworld/nation/la-na-cars1-2008may01,0,1453419.story?page=2&track=mostviewed-storylevel

 

Older Posts »

Blog at WordPress.com.