The Failure of T.A.R.P. and More Bailouts to Come.

Here it is a beautiful Sunday morning in February, 1012, and I'm scanning the news as usual. This morning an article in the Sydney Morning Herald caught my eye.

Germany prepares for 'inevitable' Greek crash

Bruno Waterfield, Brussels
February 20, 2012

PLANS for Greece to default, potentially leaving the euro, have been drafted in Germany as the European Union faces up to the fact that Greek debt is spiralling out of control, with or without a second bailout.

The German finance ministry is pushing for Greece to declare itself bankrupt and to agree to a ''haircut'' on the bulk of its debts held by banks, a move that would be classed as a default by financial markets. FULL STORY

Didn't I just write about "All Eyes On Greese" yesterday?

So your sitting there wondering why this is important news to you. Well, as I sit here in my nice warm sunbeam, it's hard to imagine that our whole world will soon be turned upside down again. This time, it will be the worse financial disaster the world has ever seen and we will not escape it.

You see, while the Private NY Federal Reserve bank has been bailing out banks around the world in your name, they also have been helping to bail out Greese. And with the world trade tied to the US Fed Dollar, this Greek default will have a domino effect starting in Europe. This next article explains it far better than I can and even gives the time line.

My only hope is, you read it, and if you aren't planning to vote for Ron Paul and like minded candidates, RECONSIDER!

Greece “Officially Defaults” March 23, Banks Close (EWG, VGK, FXE, EWQ, GLD)

“A written document giving firm dates and detailed actions for a planned Greek default has been in the possession of two top Wall Street bank currency trading bosses since the second week in January,” Ward begins his blog post of the morning of Feb. 16. “The Slog has separate but corroborative sources affirming the existence of the document, and a conviction among senior bank staff that – at least at the time – the plan represented ‘a timetable, not a contingency’. The plan gives a firm date of March 23rd for default to be announced after the close of business.”

Ward makes a compelling case for a backdoor arrangement made between Germany, IMF and the U.S. to take matters into their own hands for saving the global banking system has been the plan all along. FULL STORY

There is no question that Greese will default. But if you read the article you know that certain inside investors have already pulled their money out of the banks and failing investments. There safe. What about the Greek citizens? Well, they will wake up FRIDAY, March 23rd to a Bank Holiday, inflation, and depression.

March 23, 2012 will be the start of the Global Financial Melt Down.

All Eyes On Greese

All the Financial Markets are watching what happens in Greece right now. Will the rest of the world through the IMF bail Greece out? Will the Greek cabinet make the austerity cuts are now being demanded by the Central Private Bankers? Are the people of Greece happy with their reduction in life style? Well Greece has been a Socialist country for a long time. I can remember my Step-Grandfather, Chris Kotsifis (1896 - 1979), who came to the United States as a young man to get away from Big Government Socialism.

Chris Kotsifis was sponsored to the United States by his older brother George. He opened up a restaurant in Grand Rapids, Michigan, sleeping on the counter because he was opened all night. Chris built up a small chain of Chris's Hamburger Shops around Grand Rapids. My parents meet at one of them back in the late 40's, my father the short order cook, my mother a waitress.

In the early 60's, my older sister worked for Chris, and I followed but not as a waitress as Chris expected, I wanted to cook.

I wonder if Chris Kotsifis were alive today, what he would say about the Greek Financial Crises?

Greek cabinet discusses austerity implementation

ATHENS, Feb 18 – Greece’s cabinet tackled on Saturday how to implement austerity demanded by the EU and IMF as a €130bn ($171bn) rescue seemed within reach, while the eurozone considered modifying a deal with private creditors to help Athens reduce its huge debts. FULL STORY

Going to a Consumption Fair Tax hasn't seemed to help Greece out with their debt problem has it.

I wonder what he would say about the looming financial crises facing the United States today.

The state of Utha passed a bill last year as I mentioned below, then 13 other states followed with similar bills, and now Colorado. It seems that some of these states like Utha had already passed a Fair Tax in their state. But, with inflation, something they didn't take into account when passing a bill that made Busiess tax exempt, and went to a higher sales tax, inflation cuts into the amount of spendable income to buy the product or service and pay the sales tax. And no matter how the spin misters try to spin their tail about the Fair Tax, they never talk about inflation, because gas and food are never included in inflation numbers.

So now, like the other 13 or so states, Colorado joins the crowd on what Ron Paul has been saying for the last 30 years. Get rid of the Federal Reserve and return to the Gold monetary standard.

Colorado looking at gold, silver currency

Worried that the U.S. dollar may not be good as gold, some Colorado lawmakers are pushing a bill to legalize gold and silver coins as usable currency.

"There are lots of concerns about the U.S. monetary system," said the bill's sponsor, Republican Sen. Kent Lambert of Colorado Springs. "Individuals and states ought to be increasing their gold reserves. There's no way to maintain the value of anything if countries start a race to the bottom by inflating their currency to get out of debt." FULL STORY

Think about this for a minute. If there is no Private Federal Reserve bank for Congress to borrow from to fund all their favorite people (donors), then there will be no need for an IRS to collect the INTEREST ON THE DEBT to pay back the Corrupt Private Bankers called the Federal Reserve.

For 150 years this country flourished and prospered without a Private Federal Reserve. Since 1913, we have had nothing but economic chaos. Bubbles and Bursts, but always INFLATION, rising prices, up's and down's.

Gerald Celente's Trends 2012: The Good, The Really Bad and The Very Ugly

NTERNATIONAL. Are you ready for a 2012 that will be “Good” for the well-prepared, really “Bad” for wishful thinkers, and very “Ugly” for the see-nothings and do-nothings – those with their heads in the sand who blindly trust their leaders?

A few weeks ago we sent you a recap of the Trends Journal’s “Top Trends 2011” forecasts. There is very little in today’s headline news that was not in last year’s Trends Journal forecasts.

The newly released Top 12 Trends 2012 cuts through the hype, confusion and political baloney. This Trends Journal provides directions for navigating through the turmoil along with practical advice on how to capitalize on the positive trends-in-the-making we have identified.

Top 12 Trends 2012 runs the gamut from “Economic Martial Law” to “Safe Havens" to “Going Out in Style.” FULL STORY

I want to share with you a couple of emails responses to the article below "$5 for 1 LB of Butter"

Here in Canada we also have had a thing called the GST... a value-added tax on goods
and services. And that brought our Ontario sales taxes up to 15% on top of every purchase of anything NOT food or medicine or child's clothing. Now, they've reduced our sales tax recently by introducing a "harmonized sales tax", which is a blend of federal and provincial sales taxes.

Note the little trick they play on people with your property taxes and how businesses escape... this little bit of juggling reminds that in both our countries, neither federal government has the right to impose general income tax, it is the state or provincial governments that have that right, but they do it anyway.

Food prices, under all this garbage, have soared here, as local produce is a thing of the past, everything is shipped (at a high cost) from everywhere else instead of stimulating the local economy. Everything feeds the rich.

And then this one:

Five bucks for a pound of butter. It's amazing people don't realize how much food has gone up Already, since the markets pull tricks. The food markets put out this ridiculous high price as the "regular" price, then they put a "markdown" below it so you think you're getting a bargain. Except the markdown is still higher than the regular price used to be. It must work since they keep doing it, so there are a lot of stupid people who have no memory ;')

I was against food stamps most of my life but the banks have thrown so many out of work, I've changed my opinion. A lot of people don't realize that it was Clinton, not the GOP, that destroyed welfare, even though we actually need it during a bad recession.

And of course, the government does Not count food and fuel in inflation, making their figure totally bogus and worthless.

Goldman-Sachs, who has their boy Timmy in the White House, also helped raise the price of food. They got a "special" dispensation from the government to speculate in needed commodities like food. That actually caused starvation in some nations and raised food prices in ours.

No matter Who gets elected, they will be in the pocket of Goldman-Sachs. Your vote is a joke, IMHO.

Yes, most of these tax schemes are a ruse. They look good because they are "simple" but they always end up screwing the middle class even more.

The Battle Has Begun

Her we are in another primary season. We are looking at who we want to nominate to run against President Obama? Who do we want to nominate to run against Debbie Stabenow? Are we happy with our state legislator or do we want to replace them with who? Lots of questions here.

All over the state we have various groups and everyone is getting behind this one or that one, depending on what they consider to be Conservative Issues. I hear things like, "My Johny Candidate is more electable because of name recognition." Never mind how Johny voted in the past, he is the only one who can win.

Now look, I've been hearing for years, and years, and years this mindset. Can anyone here define "MANIPULATION"? If your Johny didn't vote within their Constitutional Limited Job Description before, why would you ever put that person in another position of authority again?

I'm not sure if it's because people in this state are just afraid to look at another candidate who is honest, incorruptible, and willing to honor their oath to Defend and Protect the Constitution of the United States and the State of Michigan.

There was one Tea Party group here in Michigan in 2010 that didn't fall for the "My Johny" theory. Grand Rapids elected Justin Amash. They worked tirelessly and it paid off. They sent Justin Amash to Congress. It makes me want to move back to Kent County because Muskegon County just doesn't get it. But then I guess that's why Muskegon is on Forbes top ten list of the "Worst Cities To Find A Job"

But than again, one must assess the mentality of the average Muskegon Tea Party member. Here's an example.

"Really I have no use for it, just taking up space, anyone want it, going....going..."

#1 Worst Small City for Jobs…Jackson, Mi.

Apr.30, 2009 in Business Advice, Leadership
So I turn on the local news station tonight, and the first this I hear is something like this…”Jackson, MI makes it to #1 on Forbes list…but it is not for something they want to be recognized for.”

Jackson, MI is the hometown that I LOVE! It was a hit to hear that Forbes.com has ranked my town as the #1 worst small city in the U.S. for Job Opportunities. The following is from the wilx.com Fox News web site…

“It’s all subjective information,” says Jackson city councilman Dan Greer of the Forbes.com report.Yes, unemployment in Jackson is at 13.4 percent, but Greer says Jackson is adding jobs, from Brownfield projects to Smartzone facilities.

“I can tell you Jackson’s doing very well, especially in the medical profession and health care,” Greer says.

The report cites Jackson’s drop in manufacturing as a reason for its dubious honor, but Surgener sees that as an opportunity.

“There are jobs here in Jackson. Jobs are being created. We’re shifting away from manufacturing and more to service jobs,” he says.

“I hate to sound like Bob Barker but come on down,” Greer says. “The price is right, we have the right economic tools. We’re willing to go to work for you.”
They’re looking for the sweet in a pretty sour report.

Six out of the ten worst small cities for jobs, according to Forbes, were in Michigan; Jackson, Battle Creek, Muskegon-Norton Shoes, Grand Haven-Holland, Saginaw and Flint. FULL STORY

Lets take a look at some of the reading I found today. I hope that everyone takes a little time to read through this and start connecting the dots. When you start with the first article here, and work you way through to the last one, perhaps, just maybe, you will start to understand why Ron Paul has such a committed base that for some reason, the Republicans and Democrats not only envy, but for some reason outright hate.

China Seen Overtaking India As Top Gold Buyer

India, China and Europe were the main drivers of investment demand, which comprises the purchase of gold bars and coins as well as exchanged-traded funds, the WGC said, as the protracted debt crisis in Europe heightened the yellow metal's appeal.
Growing wealth in China, where gold is traditionally favored, has combined with economic uncertainty as well as inflationary pressure to spur rapid growth in the country's demand for the precious metal, which investors view both as a commodity and as a store of value in times of uncertainty. FULL STORY

Utah House Passes Bill Recognizing Gold, Silver as Legal Tender

Published March 04, 2011 | FoxNews.com

Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency. FULL STORY

More US states seek gold, silver currency

Friday, February 3rd 04:49 PM IST

Lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option.

Just three years ago, only three states had similar proposals in place. FULL STORY

Do any of you see Michigan taking measures to counter the coming inflation? Oh, that's right, were working on passing the Fair Tax as a Baby Step toward the Steam roller that's coming at us.

Lets take a look at what happened back in 2007 during our last Primary Campaign.

Liberty Dollar office raided

The future of an Evansville-based company that produces a "private voluntary barter currency" known as the Liberty Dollar is in question after federal agents raided the facility this week, according to an e-mail sent by its founder. FULL STORY

Boiling Frogs: Bernard von NotHaus, Convicted for Creating the Liberty Dollar

by PETER B. COLLINS on JUNE 20, 2011

In the latest Boiling Frogs interview, co-hosted with Sibel Edmonds, we meet Bernard von NotHaus, convicted as a “domestic terrorist” for creating a private barter system based on a silver coin medallion called the Liberty Dollar. Our guest is quite smart, very funny, and deadly serious. FULL STORY

Moody’s Weighs Ratings Cuts for Major Banks

BY JULIA WERDIGIER

Moody’s Investors Service headquarters in Manhattan.
LONDON — Moody’s Investors Service has put Goldman Sachs, Morgan Stanley, Deutsche Bank, UBS and more than 100 other financial institutions on notice.

Citing increasingly challenging market conditions, the credit rating agency said it would review its grades for 114 banks based across Europe, as well as eight other financial institutions based elsewhere, including JPMorgan Chase, Bank of America and Nomura. FULL STORY

2010 June 30 - July 6 [FINANCE]

Is a 10% consumption tax really to benefit social welfare services?

To cope with the aging society and increasing poverty, the budget for social security increases every year by one trillion yen. If “covering the shortfall with the consumption tax” goes on, as Kan says, the tax rate will continue to rise.

In the first place, the consumption tax is the most inappropriate resource for social welfare services on the grounds that the regressive tax imposes heavier burdens on lower income earners. It has been 21 years since the consumption tax was introduced. Is there any social welfare program that has improved due to the consumption tax? FULL STORY

Well there you have it. Moody's is going to down grade our Bailout Banks three steps and Japan and the EU who have had a Consumption Fair Tax for years are saying it isn't working.

Now I understand that as "Just a Housewife" I'm by no means an expert like the great Economist's we see on TV. They keep telling us there isn't going to be a crises, just like there wasn't a Dot Com Bubble, Housing Bubble, so there isn't going to be a Dollar Bubble either. Can't be, all the great thinkers in all the great think tanks say so.

One of my readers did a little research on Butter that relates to the post below. I just thought I would share it with you.

Hi Rose;

I've been assisting Sherman Institute with their start-up and have been using an 1872 Arithmetic textbook to compile word problems. In that 1872 textbook (http://babel.hathitrust.org/cgi/pt?seq=11;view=thumb;size=100;id=nyp.33433069101313;q1=the%20first;page=root;orient=0#page/n0/mode/1up is a later edition, but the cost for butter had not changed) butter was at $.16/lb. To do a "reality check", I checked http://www.measuringworth.com/uscompare/ to see if the cost of butter had realy increased, or if the value of our dollar had decreased. The calculator at "measuring worth" only goes up to 2010, however, is consistent with what was said in the post.

The following comparison for .16 in 2010 "real price" dollars was copied from the measuring worth site.

"If you want to compare the value of a $0.16 Commodity in 1872 there are three choices. In 2010 the relative: real price of that commodity is $2.95 . . . "

$5 For 1 LB Of Butter

This article is going to irritate all those small business men around our great state of Michigan who are lobbing for the Michigan Fair Tax as well as the Federal Fair Tax proposal. But then again, I've never been in favor of either of these proposals because they do not address the real problems that we face. The only thing either of these tax proposal's do is shift from one abusive tax system to another.

Here's the reality that none of these promoters want to admit. In the Michigan Fair Tax Proposal, it states in Article IX, Section 3. "NO TAX SHALL BE LEVIED BY THIS STATE ON REAL PROPERTY THAT IS BUSINESS PROPERTY, AS DEFINED BY LAW; HOWEVER, A LOCAL TAXING UNIT MAY LEVY A TAX ON REAL PROPERTY THAT IS BUSINESS PROPERTY, AS DEFINED BY LAW.

That's right, there will not be any property tax collected by the State on Business Property, and it will be up to the County to decide if they want to tax or not tax a business. While this may create competition between counties to attract business and jobs to the community, SOMEONE is going to have to make up that lost revenue. That would be us, the home owners. So while our property tax goes up, business pay nothing. Do you think that the Pre-Bate they offer will cover this increase? Has your pay increases keep up with the cost of inflation that you can afford to cover another property tax increase? I guess that depends of if your lucky enough to still have a job or are you among the many underemployed in this state.

Ok, lets move on to the title of this article, $5 for 1 lb. of Butter! Two years ago, I was buying butter for $1.99 a pound. Then last year, it was $2.99 on sale. The other night my husband ask me if I needed anything from the store and I asked him to get me a pound of butter. He's so sweet, he knows how much I hate shopping. That 1 Pound of Butter was $5.00. Well over the last couple of years we have had QE1, QE2, and I guess we will also see QE3. Our Private Federal Reserve Bank just loves printing money and giving it away to their special friends. Every time they do, it reduces the value of the dollar, and we loose our purchasing power down here in the real world.

Right now, we here in Michigan do not pay a sales tax on things like food, medicine, or our medical. But if the Michigan Fair Tax gets passed here we will. Here's how it will work. If you have insurance, you will pay the sales tax on your co-pay. Insurance Co. will not pay tax on the portion they cover. If you go to the doctor, you will be taxed on the portion you pay. If you have a prescription, you will pay a tax on your portion. If you don't have insurance, you will pay a tax on the full amount. Do you think that the Pre-Bate they offer will cover this increase? What happens if Insurance Co. increases your Co-Payment. Oh don't worry, our state legislators just passed the bill to implement Obama Care here in Michigan.

And how about that news that came out this morning?

Oil Jumps on Iran Supply Threat

LONDON—Brent crude rose to a six-month high on an Iranian report that the country will cut oil exports to six European countries in retaliation for sanctions imposed by the European Union and U.S.

"They are playing hard ball," said Olivier Jakob, managing director of Swiss consultancy Petromatrix. "Especially they cut exports to Greece, and Greece is importing about 50% of its crude from Iran."

Last night our local news team announced that we will be paying $4 a gallon because we threatened Iran with sanctions to take effect July 1. Iran said why wait, we'll just stop selling you our oil because China and Russia will buy form us.

So what is that going to do to the cost of 1 Pound of Butter? Or Bread? Or anything else you buy? As the price of oil goes up, so does the cost to ship and that gets passed on to the consumer. Still think that eliminating the amount of state income tax you pay in exchange for a higher sales tax, and making the necessities of life taxable, is a fair exchange?

Here's what it's going to do. Those people like me who have been watching this trend are already forming community gardens to grow our own food. We are spending our summers not at our lovely beaches, but in the garden and the kitchen canning what we grow. More and more of us are taking to the woods in the fall and hunting, and yes, canning what we shoot.

So Mr. Small Business man, if you own and operate a restaurant, you aren't going to see us because you taxed us right out the door. We simply can't afford you anymore.

But wait, there will not be a tax on used items. So GM, Ford, I guess we won't be buying new cars anymore either. But after Cash for Clunkers, the price of a used car has gone up and there are fewer of them around. Good move for Obama, he was looking out for the Auto makers wasn't he. So we will have to pay more for the used, but still, it's not like we have to buy a new car and pay the tax is it. Now how long before the car companies lobby to include a tax on used as well as new? How many times has the IRS amended the tax code? Like I said before, we are only trading one PROGRESSIVE Tax for another PROGRESSIVE Tax.

If the small business people in this state ever sit down and really examine this so called Fair Tax, and look at the whole picture, they might not want it. But as usual, they are only looking at the fact that their business will save and they like that. But if they lose consumers because we can no longer afford to buy what they offer, are they really gaining?

Michigan legislators could bring down the cost of gas and oil if they would just Un-Cap the wells here in Michigan. That I guess is way to simple a solution to jump start the Michigan economy.

This article is from a simple housewife's perspective. We're the ones who have to make ends meet and decide what is a priority and what we will now have to do without. We're the ones who get the sewing machine out during tough times. We're the ones who dig up the flower garden to plant vegetables. We're the ones who dust of our fishing polls. We're the ones who revert back to grandma's home remedy when we can't afford the doctor. We're the ones who make the hard decisions while the legislators screw off.

O’Reilly Tries to Tie Child Molestation to Ron Paul, Doyle Fires Back ‘I Have the Dirt on O’Reilly’

Bill O’Reilly hits a new low with his latest attack on Ron Paul. Thanks to Jerry Doyle for bringing to light an amazing attempt by O’Reilly to attached the Joe Paterno sex abuse scandal and Ron Paul’s fight to end the war on drugs. O’Reilly has stepped over the line once again and is sure to receive some more massive Blowback from Paul supporters.

Meanwhile the plot thickens, during Jerry Doyle’s show he exposes some unsavory behind the scenes shakedown attempts by Fox News, Roger Ailes and Bill O’Reilly. They called Doyle and threatened to find a way to take him down after his endorsement of Ron Paul. Doyle wasn’t phased by this and he came out today saying that he has dirt on Bill O’Reilly, he has the names and the places?

Folks, all I can say is that this is getting really interesting. What does Jerry Doyle know about Bill O’Reilly? SOURCE: Liberty Pulse

This is what a Debate should be like.

Michigan needs to elect a new United States Senator. There was a debate which is posted below. This is what a real debate looks like, not the dog and pony show the MSM puts on at the national elections. I hope that you will take the time to watch and listen to these candidates.




I am now going to publicly announce my endorsement for Michigan United States Senate. The person I am endorsing is the only Republican Candidate who I know will respect and uphold his oath of office and the Constitution. I Endorse Scotty Boman.

http://boman12.org/

Three NH Newspapers Endorse Ron Paul

FORBES
Kenneth Rapoza, Contributor

Three New Hampshire newspapers endorsed Ron Paul for President on Wednesday, the Texas congressman’s campaign headquarters said in a press statement.

The Littleton Courier, Berlin Reporter, and Coos County Democrat all endorsed Paul for president in the 2012 election.

“Former Massachusetts Gov. Mitt Romney has been in the lead for months,” wrote one of the op-eds, “but voters still seem desperate for an alternative. There’s always another candidate pulling stronger or almost as strong numbers in the polls. Voters have lost faith in Obama, but they are not sold on Romney to replace him. Congressman Ron Paul, however, has never voted to raise a tax and voted against all of the bailouts that have riled up Tea Partiers and Occupy Wall Streeters alike,” editors at these papers said. The three dailies are all owned by the same company, Salmon Press Newspapers out of Meredith, NH. Full Story

CNN SLIPS UP ON LIVE TV: They're WORRIED About Ron Paul's Success!!!

BLATANT Ron Paul CENSORSHIP by CNN of Soldier Supporting Ron Paul's Foreign Policy

ATTENTION RON PAUL SUPPORTERS. Please start focusing your attention on NEW HAMPSHIRE and don't waste your time arguing with the anti-Ron Paul agitators and false flag provocateurs in the comments. WE GOT JUST AS MANY DELEGATES AS ROMNEY AND SANTORUM AND WE'RE GOING ALL THE WAY TO THE CONVENTION. Yes, a win for us in Iowa was likely stolen, but don't fret. This is what happens with Revolutions. We are trying to overthrow an establishment that has been in place since the time of the Progressive Theodore Roosevelt, over 100 years.

Ron Paul Brings Back Silenced Soldier

Red Alert for U.S. Residents: Dollar Fades in International Oil Trading

By Robert Fisk

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading. Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars.

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold, and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, United Arab Emirates, Kuwait, and Qatar. FULL STORY