“Our country is collapsing because we have turned our back on God….”

Say John, not wanting to be on the wrong side of the Big Guy can you tell me which way he faces on the capital gains tax issue? Yes it should be lower than that on regular gain, or no it should be the same or even higher because mostly fat-cats make their money that way?

Maybe he said it in the Book of Numbers and I just missed it, but I’m *damned* sure he didn’t say anything about the AMT either so ….

Cheers,

“[Secular conservatism] is a party which never conserves anything. Its history has been that it demurs to each aggression of the progressive party, and aims to save its credit by a respectable amount of growling, but always acquiesces at last in the innovation. What was the resisted novelty of yesterday is today .one of the accepted principles of conservatism; it is now conservative only in affecting to resist the next innovation, which will tomorrow be forced upon its timidity and will be succeeded by some third revolution; to be denounced and then adopted in its turn. American conservatism is merely the shadow that follows Radicalism as it moves forward towards perdition. It remains behind it, but never retards it, and always advances near its leader. This pretended salt bath utterly lost its savor: wherewith shall it be salted? Its impotency is not hard, indeed, to explain. It is worthless because it is the conservatism of expediency only, and not of sturdy principle. It intends to risk nothing serious for the sake of the truth.”

Our country is collapsing because we have turned our back on God (Psalm 9:17) and refused to kiss His Son (Psalm 2).

John Lofton, Editor, TheAmericanView.com
Recovering Republican
JLof@aol.com

PS – And “Mr. Worldly Wiseman” Rush Limbaugh never made a bigger ass of himself than at CPAC where he told that blasphemous “joke” about himself and God.

I’m not sure how exactly, but I’ve read suggestions that the Obamas are trying to prevent falling prices rather than allowing them to sink to the level of the money supply. I think I read they’re doing this because falling prices for assets and wages increases the burden of debt, and also because they believe Keynes’ assertion that constant, controlled inflation leads to constant growth(?)

I have not yet had a chance to read Rothbard, but he’s now at the top of my summer reading list, especially after a glowing biographical sketch I read on Mises.org.

Nice plug for Dr Paul’s “Audit the Fed” legislation. It’s hard for Lib’s/Neo’s/Prog’s to argue that the “Free Market” is the source of inequity when they are confronted with the government-granted privilege of the Fed to be the sole source of legal tender (paper-only no less) in the US. It his hard for them to accept, but the twisted reality of the financial sector is not the result of “cowboy capitalism” or free market “ideology”, but the result of those businesses being the first stop for money created out of thin air by a government-mandated monopoly.

The fractional-reserve banking system, established by the Federal Reserve Act of 1913 to oversee a debt-based currency, is obsolete and destructivel to the needs of the American people in the 21st Century. The very act of creating money by debt-assumption on the part of the citizenry gives unwarranted power to the present banking structure and erodes the very foundations of the American Republic. The constantly increasing debt with its associated interest acts as a millstone around the neck of industry and stifles economic creativity.

Therefore—-by amendment to the US Constitution, establish a new currency, the American Freedom Note.

All debt instruments (loan contracts, bonds, govt debt, etc.) originating in Federal Reserve banks, all existing Federal Reserve Notes and checking account balances, are exchanged for American Freedom Notes. Creditors forgo liens and are cashed out 100%. Debt is exonerated, and debtors assume 100% ownership of any encumbered assets, including—and most importantly—the productive assets of the country (factories, farms, productive enterprises in general).

A fixed quantity of AFNs results from this system-wide exchange and these fresh accounts can be loaned at interest rates determined freely in the marketplace, with the strict proviso that fractional-reserve lending is considered fraud (which it most assuredly is—-even the Romans of the Republic era knew this intimately and passed laws against it) and is prohibited by law from that point forward.

Over time a natural deflation occurs as the economy grows and the American Freedom Notes, fixed in quantity by this Amendment, acquire increasing purchasing power.

Debt forgiveness, greed forgiveness. Lenders are bought out (even though in a fractional-reserve banking system these loans were made without “consideration”, in the sense of contract law), the rest of us indentured servants are freed, and most importantly, no blood in the streets. We get to keep America.

My suspicion is that Bernanke feels he’s somewhat in the situation of a paramedic at the scene of an emergency: You got a guy hit by a falling timber in a burning house about to collapse who says he can’t move his legs. If you move him quick you risk causing permanent paralysis but if you don’t he’s gonna get burned to death anyway. What you do is move him obviously to avert the immediate and just hope you can cope with the subsequent.

Lots of similar situations appear all the time in medicine and indeed in life generally.

Scares hell out of me thinking that Bernanke apparently does think the house is about to collapse given that he undoubtedly knows lots more than we do.

Cheers,

I have an 18-year-old son whom I have been raising by myself for 16.5 years. At best, the U.S. government wants to destroy his future; at worst to use him as cannon fodder (kill him).

It’s not difficult to be an Anarchist.

Today the House Committee on Banks & Banking held a hearing, & the bill’s supporters asked me to testify. Needless to say, the banks will fight it tooth & toenail, because they don’t understand it. If they did, they would support it as it offers the only chance for them to survive.

Listening to the banking lobbyists specious objections, it dawned on me: Their time is past. A wave of revulsion against fiat money & uncontrolled fractional reserve banking will become a tidal wave as the economic crisis deepens. Within two decades at most, the fiat system will be dead, and with it, banking as we know it today.”

Pat Buchanan for President!!!!!!

But what loometh after the next spike in GDP?

What looms? ‘Tis war, and this next big one, too, will be pinned on international conspirators in money and finance by hysterical demagogues who will go too far in claiming that these conspirators also wanted the war. Yet a germ of truth will remain in what the demagogues say, politically incorrect though it may be to admit it.

In the meantime, the Muslims will strive for and get a single currency for Islamic republics. Do-gooders from the West will claim that it will be good for world peace and regional development. Maybe someone will convince them to back it with gold, silver, or other precious metal.

So, let’s see now. The Chinese will want to protect their interests in American assets to offset their losses in depreciating US debt. The Muslims will swell with pride at their new currency and have in it the means to develop industry, e.g. shipbuilding and aircraft. Muslims hate the Chinese who in turn are contemptuous of Americans most of whom in turn have the good sense to distrust Islam which calls for a single, global religion.

War looms, and preparing for it will be good for business and prosperity. The great war will come and go, leaving in its wake humanity’s first global state, the first language of which will be English, the language already common to all. It’ll be a multicultural eutopia.