dollar
Ron Paul on Obama’s Federal Budget
Dr. Paul, once again, outlines the real culprits of the current economic crisis, and points to the real solutions- less government, lower taxes, decreased spending, the end of devaluing the dollar.
H/T: Matt Chancey
Peter Schiff: Why the Meltdown Should Have Surprised No One
Naturally a recurrent theme of this lecture was monetary policy, specifically having to do with the dollar’s spiral toward hyper-inflation in the midst of the current economic collapse. Schiff stressed that sooner than later the rest of the world, more importantly those still buying our debt would wise up to our inability to repay those fiscal obligations. He told a short story about a wily old man in a certain neighborhood who had hoodwinked the neighborhood kids into vying for the job of painting his fence. He related the metaphor by surmising, “We’ve got the world painting our fences, as if they don’t have their own fences to paint.” Essentially, he said the way it is now, we get all the stuff and they only get the jobs. He then fittingly asked, “What good are jobs without stuff?” In short, we are barreling straight toward a currency crisis.
Elections, And Why The American Economy Will Collapse
I know what you’re thinking: man that Pete is a positive guy. I like to describe myself as realistic, with a bit of fatalism throw in. Either way, I find it hard to look at the economic landscape and have any hope. It is especially dreadful when politicians have to get re-
elected, AND said politicians consult certain “economists”.
Economists have for years looked at what is happening in a society and sought to come up with solutions as to how an economic crisis can be “fixed”. The problem is, like in all fields, you have good economists, and you have the not so good (The latter seem to be the ones that always find their way onto the public payroll).
In extremely broad terms economists can be split into two categories:
in the future; AND what it does for not only one segment of society,
but the whole.
2. The “bad” economist does the exact opposite; they examine only what
will fix the present issue and usually concentrate on only one segment of
the population.
If you are a student of American history your eyes should be opening as to which economist is most often chosen by our elected officials. The real question is “why”?
Well, why wouldn’t a politician pick economist #2?
Peter Schiff issues a Red Alert: “Get out of the US dollar”
The Federal Reserve Is Causing The Collapse
The author of this video compiles cable news excerpts and famous quotes to channel a message that the government and FED are the problem, not the solution, to the crisis.
Gas Prices, Market Crash, and the Future
Recently, I was in a discussion about a good friend of mine who serves in the Alabama legislature. In the conversation, I mentioned this individual and said you can count on that person to do what is right. They are the kind of people we need in the legislature. The other person with whom I was conversing would call themselves a conservative Republican, but immediately they began to discuss legislators and members of Congress. That individuals sole criterion for quality of an elected representative is the amount of money that elected representative brings back to their home area.
For generations, politicians have held onto office by boasting of money brought back into the district. Particularly distressing is that so-called conservative Republicans go to Congress with a vengeance to fight the leviathan of big government, but are soon lured into voting for unconstitutional spending because some of that money comes back to the district. Hence, we vote our way into the treasury and buy votes to re-elect us.
Our representatives have spent our huge federal revenues, have spent deeply into the Social Security Trust Fund, and then have borrowed to the gills to finance spending. The vast majority of funds spent are not authorized by the US Constitution. The vast borrowing sprees by our Federal Government have now reached foreign banks as a great portion of our national debt is held by international investors. Shockingly, lenders in Red China hold billions and billions of loans to the US Government. Congressman Ron Paul warned that Red China could wage economic warfare simply by dumping their vast holdings in US dollars.
Is He a Republican or Democrat?
As I read through the “Issues” of US Senate Candidate Bob Conley, I became confused. I was under the impression that he was a Democrat, running against incumbent Republican, Lindsey Graham. But as I read his stances on several issues, it occurred to me that he was far more “Republican” than Senator Graham.
Read for yourself-
Great Pain at the Gas Pumps
Perhaps no issue places our economy in a pinch and our foreign standing in peril, more than issues concerning oil. The price of a barrel of oil fluctuates, but consistently climbs as the downward fluctuation is always higher than the last low price.
Granted, gas prices at the pump are not going to go down quickly, but we do need to consider how we have found ourselves at the place where we are, so that we might evaluate a sound approach to the issue. Consider the following issues:
1) Primarily due to lack of tax incentives and stringent environmental regulations, we have not seen a new refinery built in the US in the last ten years. At the same time, a new refinery is built every two years in the Middle East.

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