Monday, April 25, 2011

Federal Reserve - 2843 - Gasoline Prices and Speculators They Think You Are Stupid - American Thinker (2) Obama Versus the Constitution - American Thinker

It is with great interest that I read this past week about the President's initial response to rising gas prices. What or who was to blame? According to the President...speculators. Nameless, faceless speculators. They are to blame for the rising price of crude oil up and the accompanying price at the pump!........Let me remind you that the Federal Reserve (Fed) began "quantitative easing" (using printed money to buy assets, chiefly Treasury Bonds) in September 2008 with over $2 trillion. "QE1" continued through the end of the first quarter of 2010, the end of March 2010. Thereafter, we got QE2, which continues to this very day but is slowly wrapping up QE2 is a third the size of QE1, but it means the same: monetizing debt.

On the fiscal side, our President has run up a lot of debt in the past two years, despite running in 2008 on a "net spending cut." He's up to nearly 4 trillion in debt over just a little more than two years. How are we financing this? Well, the Fed is stepping up to buy 70% of treasuries. They're doing it with printed money, "quantitative easing." What's the effect of this? You're dollar is worth less. Using printed money to buy the debt of the same country will inflate the currency. Our dollar is not backed by anything. It floats. Therefore, the money that you have has been drastically devalued since the onset of "quantitative easing." This is what I call "loose money.  Read more.......

Obama Versus the Constitution - The genius of the Constitution is not some person, time, or place. It is a very improbable conjunction of all three. Jefferson and Madison were not the only ones to fear the abuse of power. That idea goes back to the Epic of Gilgamesh. Every family with an alcoholic father or a tyrannical grandmother knows it. In England John Locke and Edmund Burke feared tyranny as much as the American founders, but they never had a chance to build the foundations of a new, independent, great power. Obama is our first Marxist-Leninist president. He never quite uses those words, but in words and deeds he makes it clear beyond doubt. His two autobiographies all but say it. 'I chose my friends carefully. The more politically active black students. ... The Marxist Professors and the structural feminists ... we discussed neocolonialism, Franz Fanon, Eurocentrism,and patriarchy.'The Cardinal Mindszenty Foundation has also published a careful summary of the public record that leaves no doubt about who Obama is.  Obama wrapped himself in his own lifelong cult. Universities are supposed to be places of open debate and open minds, but Obama knew his own life course from childhood on, and never opened up to anything else.  Read more....... Great article, extensive research and background information, please read.

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