Bernanke reelection?

Uncertainty on Bernanke Vote Raises Economic Fears

http://www.foxnews.com/politic…..mic-fears/ (from AP)

WASHINGTON — A defeat of Federal Reserve Chairman Ben Bernanke’s quest for another four-year term could raise the risk of a “double dip” recession if political jousting over a successor were to drag on for months, economists warn.

But Bernanke’s prospects appeared to brighten Sunday, with three more senators, including Republican leader Mitch McConnell of Kentucky, predicting he’ll be confirmed. A vote is expected later this week.

Still, the chance of Bernanke’s defeat has unsettled Wall Street, contributing to last week’s 4 percent loss by the Dow Jones industrial average, its worst performance in 10 months. If Bernanke were rejected, uncertainty over a successor would further roil global markets, at least in the short run.

Anxiety, along with sagging investments, could cause consumers and businesses to cut spending. Joblessness, already at 10 percent, could worsen. And the recovery might fail.

You would think this guy was God.  “Oh no, if we don’t elect Bernanke we’ll have another recession!!” (i.e. The sky is falling, the sky is falling!)

Wake up people, we are going into another recession in about a year.  There is no doubt so I suggest you prepare.  It doesn’t matter who is elected to head the Fed, the damage is done and only God could bring about a miracle to save the US economy.  I hate to be the bearer of bad tidings, but the American people must be warned.

Unless Congress agressively cuts spending and welfare handouts, the American economy will fall, just like the Roman Empire and others since then.  If you want to see what is going to happen to America, study the Roman Empire.  The similarities between America and Rome are amazing.  In short, Rome once had a booming, thriving economy, but over the years due to taxation and handouts, the Empire was laid to ruin.  The same thing is happening to America.

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Local Solutions to Common Dilemmas

Do people sometimes forget that we are all individuals with common goals, diverse circumstances, and unique perspectives? In many situations this is the case. The more governments, both local and national, expand in size and scope, the more politics become a game of winning and losing rather than representation of the people, providing individual freedom and choice, and encouraging local solutions and creativity. The world faces no shortages of problems, but the solution does not, as often believed, lie in continued centralized power of government, but increased freedom on a local level.

As centralized representatives are empowered with more responsibilities, their ability to directly and effectively represent their constituency decreases. Certainly it is more difficult to directly represent 200 million people than it is to represent 100 people. Such power maintained by a select few opens the door to lobbyists, special interests, and privileged groups who seek to grab a portion of that extraordinary power in order to gain an unnatural advantage over fellow individuals. In 2008 alone, 14,808 lobbyists contributed $3.3 billion to government. In such a scenario, who receives more direct treatment, the 14,808 lobbyists or 14,808 individual citizens? A large government is easily influenced not by individual citizens, but by large and privileged groups with the means to essentially bribe those in control, thus decreasing the power of individuals over our government. Central policies simply can’t represent the unique needs of local communities, towns, and counties.

As governments centralize and expand in power, the power and freedom of individuals decreases. It is not necessary to increase our individual abilities through a complex system managed by far-off politicians. In fact, all that is necessary is a simple concept that is commonly blurred or forgotten: freedom. Freedom is the only “system” that sees all individuals as naturally equal; freedom is based on individual, not central, power, and recognizes that we, the people, can solve our dilemmas free of constraint, force, and coercion. Freedom provides individuals the opportunity to keep the full fruits of their labor and appropriate their money to where they see fit, whether it be to the elderly, those in need of food, or any other service. The element of choice lies with the individual, not with the power of others. Simply put, when focusing on local solutions, individuals maintain far greater freedom and influence of participation, activism, and travel (voting with their feet), than they have in a strongly centralized system.

Individuals carry the greatest initiative, responsibility, and obligation over government in their counties, towns, communities, and neighborhoods. Things would appear much differently today if individual people, rather than federal officials and bureaucrats, were the driving force behind environmental, medical, and other policies. Chances are that many communities would oppose the opening of a nearby coalmine and would work together, as individuals, to find a cleaner, sustainable energy source. People will certainly feel a greater sense of charity and responsibility if they see or know people in their town who need but can’t afford health care. People are simply connected to something that they personally understand, see, and love, and will work together to protect and improve such a place. This is a basic world where solutions are based not on conflict and political gain, but community involvement and cooperation.

A locally managed government created to represent and serve the people fully can only function with an informed and active public. To do my own part in bringing this about, I developed Freedom Chatter in March 2009 with the slogan, “Involve, Interact, Inform.” Freedom Chatter is an ongoing project of mine with the objective to bring together a community of contributors and excited individuals eager to analyze all areas of business, economics, and public policy. Freedom Chatter recognizes the inherent qualities of human nature to be creative, diverse, and develop original ideas; it is unreasonable to expect everyone to subscribe to one viewpoint or ideology, whether it is on a local or national scale. By acknowledging the power and creativity each one of us carries locally as individuals and utilizing our ability to interact and inform, a rebirth in freedom, prosperity, and happiness is well within reach.

Originally written as a college application essay in November 2009.

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Recommended Video: Applying Economics to American History

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Global warming… or lack of, or not

30 Years of Global Cooling Are Coming, Leading Scientist Says

http://www.foxnews.com/scitech…..cientists/

Oranges are freezing and millions of tropical fish are dying in Florida, and it could be just the beginning of a decades-long deep freeze, says Professor Mojib Latif, one of the world’s leading climate modelers.

Latif thinks the cold snap Americans have been suffering through is only the beginning. He says we’re in for 30 years of cooler temperatures — a mini ice age, he calls it, basing his theory on an analysis of natural cycles in water temperatures in the world’s oceans.

[several paragraphs skipped]

The U.S. National Snow and Ice Data Center (NSICD) agrees that the cold temperatures are unusual, and that the world’s oceans may play a part in temperatures on land.

“Has ocean variability contributed to variations in surface temperature? Absolutely, no one’s denying that,” said Mark Serreze, senior research scientist with NSIDC. But the Center disagrees with Latif’s conclusions, instead arguing that the cold snap is still another sign of global warming.

“We are indeed starting to see the effects of the rise in greenhouse gases,” he said.

First of all, these scientist don’t have a clue.  If they can’t predict the weather over the course of a few days how can they predict the weather for the next 30 years?  Secondly, and these are the biggest idiots, how can you argue that COLD WEATHER INDICATES GLOBAL WARMING???  Global alarmists (Al Goreians) are sticking to their story no matter what the weather does.  Hot or cold, it doesn’t matter…. it’s global warming and we need to do something IMMEDIATELY or the world is doomed!!!!!  Don’t look at the sun which supplies 98%(?) of the worlds warmth.  No, instead look at a natural gas and call it poison, a gas that is only .000385 [Only 385 parts per million by volume... http://wiki.answers.com/Q/How_.....in_the_air] of the atmosphere.

Sheesh, give me a break!

If anyone were to study the sun and solar activity it would be easy to see a direct correlation between the heating and cooling of the earth.  The sun is our primary source of heat.  Wouldn’t it be logical to look at the sun FIRST, instead of a NATURAL trace gas (i.e. carbon dioxide)?Man does put carbon dioxide into the atmosphere, a natural gas that helps trees and plants grow.  However, if man-made carbon dioxide were the problem, how do scientists explain the temperature when the dinosaurs roamed the earth?  Wasn’t it a lot hotter back then and man wasn’t even around.  If man is the cause of the temperature rising, how do you explain the temperature back then?  Over the history of the earth we’ve had 5 major ice ages with warming periods between them. http://en.wikipedia.org/wiki/Ice_age Wouldn’t this seem to indicate a natural freezing/thawing of the earth?  Furthermore, during the history of man, hot periods frequently caused a “golden era”, an era of expansion (e.g. the Renaissance period).  A warmer period allows for crops to grow longer and at higher elevations.  Isn’t this good?

Actually the temperature has been going down over the last several years.  There was a period of about 10 years that it went up, but now it’s going down and scientists are trying to hide these facts.  (Sorry, I don’t have time to look all this up and even if I did many people wouldn’t believe the data).

The people who are trying to convince you to continue with business as usual do not want you to be free, they want you to keep buying their consumer output. They want you to keep buying oil and gas. They have an interest to the shareholders to make sure you keep buying stuff.

Companies are in business to make a profit and to keep their shareholders happy (and many shareholders are common Americans).  However I don’t believe you’re taking into account that need for profit.  If I were CEO of an oil company not only would I be spending money on drilling, I would also be spending money on alternative sources of fuel.  Why would I do this… to make even more money!  That’s why I’m in business.  I don’t care where the money comes from, oil or some other place.  You may say that’s just greed and greed is bad.  I agree, greed is bad, but making a profit is not necessarily greed.  If we didn’t have oil companies how many people would be unemployed, how would products be delivered, how would people get to work?  Why would a person start a company unless they had a motive to make a profit?  Profit is good, greed is bad. Are the oil companies screwing people, or is there a demand for their product?  No one forces anyone to buy gas.  If you think gas and oil are bad things… don’t drive.  It’s pretty simple.

Here’s my opinion for what it’s worth.  There is no man made global warming.  We are seeing a natural cycle of warming and cooling that has been going on since the begining of the earth.  There is nothing wrong with using gas or oil, a commodity that will last for another hundred (two hundred?) or so years.  I agree that we need to be seeking alternative sources of energy for the future, but cutting our supply now is simply stupid.  New forms of energy will emerge in the future as we need them.

If the governments of the world really wanted to reduce carbon dioxide in the atmosphere, why not just plant more trees?  Trees remove carbon dioxide from the atmosphere.  No one in government ever mentions this because there is no money in it.  Cap and Trade is merely a way to redistribute wealth, primarily from the USA to other countries.  If there is any greed and corruption, it’s here in Cap and Trade.

IMHO it all boils down to this… Who do you trust?  Do you trust the UN and the governments of the world or not?  Personally I don’t like them or trust them.  Anything and everything they say is most likely a lie and subject to suspicision.

I don’t believe the scientists because they are all getting government grants.  How would it benefit them if they said, “there is no global warming”?  There goes their grant money.  Doesn’t it bother you about this “Climate-gate” stuff?  Emails where all the data is fraudulent and prominent scientists are trying to blackmail/smear their peers?  Doesn’t that make you wonder?  Most of the things Al Gore is saying are total lies.  Why would anyone listen to him?

I’m all for conserving energy and recycling.  I’m not saying we shouldn’t conserve.  I’m just saying we shouldn’t destroy the American economy (and possibly the worlds) on a science that still has a lot of questions.

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Aid for the Haiti Disaster

Words are not sufficient for the immense and unimaginable loss of perhaps 100,000 lives during the recent earthquake in Haiti.  The immediate question is what can be done to help.  I wrote recently in “Guns or Health Care?” that it was Clara Barton and a group of fellow Americans who founded the Red Cross and Red Crescent, and not the federal government.  The Red Cross has already begun operations by contributing $1 million from their International Response Fund and sending stocks of tarps, mosquito nets, and cooking sets to Haiti.  I myself made a donation today to the International Response Fund, which can be done here or from the home page, redcross.org.  There are other charities working there as well, and I encourage anyone to investigate if you choose to donate.

The federal government has also pledged assistance with our military.  While I certainly hope this assistance helps save lives, Americans should not forget the Hurricane Katrina fiasco so quickly.  Our own country was wracked by a serious disaster, though smaller than Haiti’s, and the federal response of FEMA was famously ineffective.  Now, I will not question the government’s benevolent intentions to help, but we must recognize that they are incapable of even balancing their own budget, and was within 72 hours of a technical default last month.  They have failed for 8+ years, spending billions and billions, to locate the leader of the al-Qaeda terrorist group.

As George Washington once said, “Government is not reason; it is not eloquent; it is force.“  The function of the government is to provide the rule of law and protect liberty, not to redistribute wealth, grant special privileges, or interfere with the lives of individuals and their actions.  Government has nothing – it must first tax or plunder resources by force from citizens before redistributing to Haitians or even fellow Americans.
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Is the Dollar a Ponzi Scheme?

Ponzi schemea fraudulent investment operation that returns assets to the defrauded from assets they previously loaned to the scheme’s operators or assets paid by subsequent newer “investors” rather than from any actual profit earned

While it is (comparatively) well-known that the US dollar, while a currency, is a solely an instrument of credit issued by the Federal Reserve. All holders of dollars – including myself and most readers of this article – are in debt to the Federal Reserve. Now, this debt is really phantom debt, but the key really is printed on each dollar, more properly known as a Federal Reserve Note: “This note is legal tender for all debts, public and private.” (1)

The total federal debt issued was $11.933 trillion dollars at the end of fiscal year 2009 in September per the Treasury Department, an increase of $1.9 trillion from 2008. (page 37/123) This debt will continue to increase every year until the monetary system collapses due (just in part) to the compounding “miracle” of interest rates. Federal debt is bought at auction by primary dealers (Goldman Sachs, JP Morgan Chase, etc.) and “resold” to the FED, which then inflates the money supply by creating new dollars, or “injecting liquidity.” The FED can also “inject liquidity” by purchasing assets, such as toxic mortgage debt or even company stock like AIG or GM. Individual community banks, whether Citibank, Bank of America, or small local banks and credit unions, can also create new dollars with the fractional reserve system, which is can be viewed graphically here. However, a proof I wrote demonstrates that fractional reserve banking broke down years ago, and can be more aptly named as the “no-reserve lending” system.
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Parents arrested for failing to register home-schooled kids

Government controls nearly every inch of education in the U.S. with lackluster results at best. Education must be brought back to a local, personal scale based on individual choice and involvement. Parents should get active in the education of their kids, work with teachers, and schools should be bound by individual, not federal, regulation.

FONDA — A Montgomery County couple has been arrested on child endangerment charges for failing to register their children with the school district as they were home-schooled, the Montgomery County Sheriff’s Office said Monday.

Richard Cressy, 47, and Margie Cressy, 41, both of the town of Glen, never registered their four children or their home-schooling curriculum with the local school district, said the Sheriff’s Office.

The Superintendent of the Fonda-Fultonville Central School District, Richard Hoffman, confirmed the four children, ranging in age from 8 to 14, had not been registered with the school district for the last seven years.

“From what I can gather, it sounds like there was education going on, so I don’t know if they really slipped through the cracks,” Hoffman said, “[but] they didn’t fulfill their legal responsibility to file with the school district to be home-schooled.”

Under state law, parents who choose to home school their children must register their curriculum with the local school district superintendent. The Cressys never submitted one in the seven years they lived in the Fonda-Fultonville Central School District, according to the Montgomery County Sheriff’s Office, which began investigating the parents after receiving an anonymous tip.

http://www.cbs6albany.com/news…..ounty.html

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The Next Defense – Nullification of the Health Care Tax

It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.” – C.S. Lewis

In questions of powers, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution.” – Thomas Jefferson, from the Virginia Resolution of 1798

Last month both the House and Senate passed two very dissimilar bills with the same purpose – to tax the American people around $900 billion more, and intervene government bureaucrats into the private lives of each man, woman, and child. Congress is currently working out the differences, my prediction is that the bill will be quite the Frankenstein after the pork is added.

As I painstakingly laid out in my health care plank last summer, its unintended consequences will worsen the quality of care and affordability of health care.  I believe the TRUE issue at stake is affordability and cost - if an MRI cost $200 instead of $3,000, it would be a lot less imperative to suggest  drastic changes like socialized medicine.  The TRUE root cause is government-sponsored insurance cartels and quality-depleting, cost-increasing legislation such as the HMO Act of 1973.  After all, President Nixon was told “all the incentives [of HMOs] are toward less medical care, because the less care they give them, the more money they make and all the incentives run the right way.”
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Icy hazards persist through US, deep into South

So, the earth is supposedly too hot because of humans. But we like colder temperatures… why? Cold temperatures mean lower food production, more diseases, among other rather undesirable things.

http://l.yimg.com/a/p/us/news/editorial/9/f6/9f6e463c08edd50f1f736fc2d0ac6362.jpeg?x=426&y=200&xc=1&yc=1&wc=426&hc=200&q=85&sig=c_KIq9SKeiKzVsEHOK1s7Q--

ATLANTA – The unyielding cold spell gripping much of the nation was expected to hang on tight over the weekend, though some areas that saw snowfall during the week were expected to have drier weather.

In Atlanta, more accustomed to winter temperatures in the low 50s, a glaze of ice coated roads Friday after light snow overnight melted and froze. And authorities said the continuing freeze called for renewed caution on the roadways.

Nearly 30 cars piled up in a pre-dawn crash near Hartsfield-Jackson Atlanta International Airport.

“I wanted to stay home today, but my boss never called me back, so I thought I should try to get in,” said Beth Ament, 30, who was fueling her car so she could get to a nearby transit station to take the train to her job in downtown Atlanta.

In Alabama, packed shelters brought out extra cots and opened doors for people fearful of the deadly cold.

http://news.yahoo.com/s/ap/us_…..F6YXJkc3Bl

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Tampa Bay area gets a brief warm spell

More food for thought…

After one more night of possible freezing, a brief spell of warmer weather should show up today.

Don’t blink, though; we’re talking really brief.

Temperatures around Tampa Bay may come close to 60 this afternoon. It will be a one-day-only appearance, and then we’ll be in Round 2 of the 2010 chill.

Rain could start showing up tonight ahead of the next cold front, which is barreling toward the state and towing another mass of cold air as potent, or more so, than what we’ve seen this week.

Residents of the Bay area already have seen plenty from the cold spell that started Sunday: strawberry fields frozen like hockey rinks, chilly students at bus stops, cold-stunned tropical fish and invading rodents.


The low Wednesday of 27 at Tampa International Airport easily broke the record of 30 degrees for Jan. 6 set in 1999. A brisk breeze made it feel like the low 20s and teens in some places.

http://www2.tbo.com/content/20…..l-arrives/

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