michaelsuede

Ron Paul: We Need To Take Out The CIA

OK. Now I know without a doubt that Ron Paul has been reading my blog. Mao be praised. The Director of the CIA, Leon Panetta, has released this statement in response to congressman Paul’s speech: I know I have no real intelligence experience, and I’m currently a sitting board member of the New York Stock…

Fannie and Freddie Declare Epic Looting Spree

The US Treasury has declared the bailout caps for Fannie and Freddie will be raised to “unlimited”.  Hence, you will be paying unlimited bailout money to the banks by way of men showing up to your door with guns in your face looting you for half your paycheck.  Which will then be deposited into Fannie…

Goldman Craps Has Largest Profits In History

The WSJ reports: NEW YORK (Dow Jones)–Goldman Sachs Group Inc. (GS) on Thursday delivered its richest quarterly profit in the investment bank’s 140-year history, driven in part because it restrained compensation amid a public outcry about excessive pay. The most profitable bank on Wall Street capped off a record year with quarterly earnings of nearly…

Competing Currencies

How competing currencies can get us out of the financial mess and put an end to the criminal practices of the private federal reserve bank: Ron Paul, as usual, knocks it out of the park. Economic freedom is the answer to our problems, not more big government regulations. Dr. Paul comments further on competing currencies here.

Keynesian Economics Doesn’t Work

The Center for Freedom and Prosperity fills us in:   Keynes spent his days masturbating over how to expand the power of the political and banking establishment. Unsurprisingly, his theory of economics is what all politicians, federal reserve bankers, and federally funded economists go by when deciding economic policy. It hasn’t worked, its never worked,…

Democrats propose $1.9T increase in debt limit

AP reports: WASHINGTON – Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion. The unpopular legislation is needed to allow the federal government to issue bonds to fund programs and prevent a…

Place Blame Where It Belongs

Mises’s Stephen Mauzy weighs in on institutionalized Ponzi schemes: The 1960s voting generation seems to have learned a thing or two about the fine art of institutionalized Ponzi schemes from their progenitors. Medicare’s costs doubled every four years between 1966 and 1980. Total Medicare spending reached $440 billion for fiscal year 2007, which was 16% of…

Government Is Too Big to Succeed

Ron Paul explains why this is the case: It is big government that gives out tax breaks to engineer behavior, often creating large pockets of malinvestments. It is government that created the FDIC and the Fed as lender of last resort which all encourages moral hazard. It is big government that gives bureaucrats the ability…

Fwank: Fowget The Filibustew

Huffpo reports: Rep. Barney Frank (D-Mass.) suggested that the Senate abolish the filibuster in recent interview with Air America Radio. “It is time to shut it down,” Frank said. “God didn’t create the filibuster, it’s part of the Senate rules.” He continued: “We have a serious constitutional problem. There has been a de facto amendment of…