Fed job approval rating lower than IRS: Gallup poll

With more and more Americans finally understanding that the Federal Reserve Bank is a PRIVATE FOR PROFIT institution and not a Federal Government Agency, Americans want accountability. Any Congressman or Senator who does not Cosign and vote for

H.R. 1207: Federal Reserve Transparency Act of 2009 / 279 cosponsores

and

S. 604: Federal Reserve Sunshine Act of 2009 / 20 cosponsors

SHOULD be removed from office and never elected to any public office again.

(Senators Levin and Stabenow of Michigan, don't believe they could ever be voted out of office. But wait, isn't Stabenow's husband, Tom Athans THE Liberal TalkUSARadio Founder)?

Tue Jul 28, 11:20 am ET

NEW YORK (Reuters) – Americans think the Federal Reserve is doing a worse job than even the much-maligned Internal Revenue Service.

Only 30 percent of Americans think the Federal Reserve's Board of Governors is doing a good job despite the central bank's unprecedented efforts to battle a crippling recession, according to a Gallup Poll released on Monday.

That makes the Fed the worst reviewed of nine key agencies -- including the tax-collecting IRS -- the Gallup poll of more than 1,000 Americans between July 10 and 12 showed. Twenty-two percent of Americans said the central bank was doing a poor job.

"It is unclear how much of the Fed's image decline is due to the general decline in the country's economic climate, as opposed to specific perceptions about the agency's performance in carrying out its monetary responsibilities and possibly its role in the crisis surrounding U.S. financial markets," the pollsters wrote.FULL STORY

'Goldman Sachs Are Scum'

Max Keiser takes the bark off the most powerful part of the state-Wall Street complex.

Conyers Sees No Point in Members Reading 1,000-Page Health Care Bill--Unless They Have 2 Lawyers to Interpret It for Them

(CNSNews.com) - During his speech at a National Press Club luncheon, the chairman of the House Judiciary Committee, Democratic Congressman John Conyers (D-Mich.), questioned the point of lawmakers reading the health care bill.

“I love these members, they get up and say, ‘Read the bill,’” said Conyers.

“What good is reading the bill if it’s a thousand pages and you don’t have two days and two lawyers to find out what it means after you read the bill?”

(My Comment: Maybe it's time to VOTE this incompetent out of office. Maybe it's time for Legislators to write Bill's in plain ENGLISH so they can understand what they are voting for.)

"We the People" Vol.#1

"We the People" Vol.#1 is a hard bound book that points to an important time in American history. Embossed dust jacket and 96 full color high gloss pages assures you of high quality. Very colorful artwork and an educational tool for all ages. Book measures 8 1/2" X 11 1/2". The dust jacket and the cover are full color quality. This book is truly a collectors item. ORDER BOOK HERE

Income Tax Causes Crime

Astonishing findings on the relationships between the federal tax burden, and crime, child abuse, divorce, and teen pregnancy

What really happens when the government raises taxes?

ORDER BOOK HERE Copyright © 2008
All rights reserved

Crooks Catching Crooks

Well, the big story for the last few days is how the FBI and IRS,
those noble crusaders for truth and justice, have busted a bunch of
New Jersey Mayors, and other crooks, in a money-laundering
operation (among other things). So you can all sleep tonight with a
feeling of security, knowing that the federal government is out
there protecting you! Incidentally, here is the rather impressive
list of the people accused and the charges filed against them:

List of Names and Charges in NJ Corruption Probe - 7/23/2009

Political Corruption
- Moshe Altman, 39, of Monsey, NY, charged with conspiracy to commit extortion under color of official right & money laundering
- Charlie Ammon, 33, of Lakewood, NJ, charged with conspiracy to commit extortion under color of official right
- Leona Beldini, 74, of Jersey City, charged with conspiracy to commit extortion under color of official right
- Peter Cammarano III, 32, of Hoboken, NJ, charged with conspiracy to commit extortion under color of official right CLICK HERE FOR ENTIRE LONG LIST

However, even though the New Jersey example is a big one, a
headline along the lines of "Politician Caught Breaking the Law!"
is about as surprising as "Sun Rises in the East!" And the stories
always talk about "corruption." But what does that word mean? It
implies something like this: "Instead of using their power and
influence for the benefit of the general public, they used it for
personal gain!"

Well, I guess you can call that "corruption," or you could just
call it "government." (Many of the people in the New Jersey case
were charged with "extortion," which basically means, "Give me
money or I'll do something bad to you." But isn't that pretty much
the motto of the IRS every day?) Is there anyone in the country who
still believes that the politicians seek office to help us? Is
anyone still really that delusional? Everything the politicians do,
Republican or Democrat, is for their own benefit and nothing else.
For example: FULL STORY

WHAT IS INCOME?

COURT CASE CITATIONS ON THE NATURE OF "INCOME"
What is Income?

Various Court statements about TAXABLE INCOME:

Stapler v U.S., 21 F Supp 737 AT 739 (1937): "Income within the meaning of the Sixteenth Amendment and the Revenue Act, means 'gain'... and in such connection 'Gain' means profit...proceeding from property, severed from capital, however invested or employed, and coming in, received, or drawn by the taxpayer, for his separate use, benefit and disposal... Income is not a wage or compensation for any type of labor."

Oliver v. Halstead 86 S.E. Rep 2nd 859 (1955): "There is a clear distinction between `profit' and `wages', or a compensation for labor. Compensation for labor (wages) cannot be regarded as profit within the meaning of the law. The word `profit', as ordinarily used, means the gain made upon any business or investment -- a different thing altogether from the mere compensation for labor."

Helvering v Edison Bros. Stores, 133 F2d 575 (1943): "The Treasury cannot by interpretive regulations, make income of that which is not income within the meaning of the revenue acts of Congress, nor can Congress, without apportionment, tax as income that which is not income within the meaning of the 16th Amendment."

Flora v U.S., 362 U.S. 145, (1959) never overruled: "... the government can collect the tax from a district court suitor by exercising it's power of distraint... but we cannot believe that compelling resort to this extraordinary procedure is either wise or in accord with congressional intent. Our system of taxation is based upon VOLUNTARY ASSESSMENT AND PAYMENT , NOT UPON DISTRAINT" [Footnote 43] If the government is forced to use these remedies(distraint) on a large scale, it will affect adversely the taxpayers willingness to perform under our VOLUNTARY assessment system.

Evens v Gore, 253 U.S. 245 (1920): US Supreme court, never overruled "After further consideration, we adhere to that view and accordingly hold that the Sixteenth Amendment does not authorize or support the tax in question. " (A tax on salary) FULL LIST OF CASE HISTORY

A Prophetic 1944 Interview

Norman Mattoon Thomas (November 20, 1884 - December 19, 1968) was a leading American socialist, pacifist, and six-time presidential candidate for the Socialist Party of America. He said this in a 1944 interview:

The American people will never knowingly adopt socialism. But, under the name of "liberalism," they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.... I no longer need to run as a Presidential Candidate for the Socialist Party. The Democratic Party has adopted our platform.

This statement reveals several key ideas:

The first is that a third party can win support for its policy positions without winning any elections if one of the two main parties adopts its positions.

The second is that it is a winning political strategy to advantage a small segment of the voters at the expense of a smaller segment. Do that for enough small segments and eventually you will have socialism.

The third is that it is a winning strategy to avoid allowing your ultimate objective, or the constitutional implications, to be framed as the question to be decided by the voters. People wouldn't vote for socialism, or for violating the Constitution, if the question were framed in those terms, but will vote for incremental steps toward it, and fail to understand the opponents when they try to explain to voters what those steps lead to, or that they are unconstitutional.

The problem for libertarians is that liberty doesn't sell as well as government benefits. People don't really appreciate liberty until they have lost it, and too often they will not even realize they have lost it, or they will attribute the loss to something other than their own past election choices. It is easier for most people to imagine a prospective financial gain or loss than a loss of liberty. Money can be counted in a way that liberty can't.

What is the relationship between the Federal Reserve Act and the Federal Income Tax?

"If we American people ever allow monopoly banking to control the issue of currency, first by inflation & then by deflation, these banks & bureaucracies that will grow up around them will deprive we, the people of all our property until our children will wake up homeless on the continent which God gave us for stewardship." - Thomas Jefferson

http://www.jeremiahproject.com/trashingamerica/federal-reserve.html

Ignoring Watchdog Report, Treasury Gives Three Major Banks Sweetheart Deals

Less than two weeks after a congressional watchdog called attention to backroom deals in which the Treasury Department repurchased stock warrants from bailed-out banks at well below market value, three more such transactions have now been reported. The big loser: The U.S. taxpayer.

The Congressional Oversight Panel reported earlier last month that in 11 transactions with small banks, taxpayers walked away with about 66 percent of what they could have gotten.

At a hearing on the warrant repurchase program in the House on Wednesday, Herbert Allison Jr., a senior Treasury official, insisted that the sweet deals the banks got were needed to aid the liquidity of the smaller institutions.

But now, in three out of the four newly-reported transactions, all with much bigger institutions, the deals have only gotten worse. The transactions returned between 54 and 65 percent of what the taxpayers could have gotten on the open market, according to one estimate. FULL STORY

World Prepares to Dump the Dollar

July 21, 2009 | From theTrumpet.com
American economists think the world can’t afford to let go of the dollar’s reserve currency status. The world is about to teach them differently.

What do China, India, Brazil, Russia, France and Germany have in common? These countries most often can’t agree on anything. But they are united in one strange—and ominous—way. They blame the United States for wrecking the global economy. And they think the dollar is the wrecking ball.

One rock-solid, foundational belief underpins almost all economic theory in America: faith in the dollar’s unassailable status as the world’s reserve currency. Foreigners hold so many dollars that they can’t afford to stop buying them, the theory goes. Therefore the dollar’s status as the world’s reserve currency is sound. But the dollar is now coming under a concentrated attack. Are American economists about to get schooled? FULL STORY

Texas Governor Might Invoke State's Rights to Reject Nationalized Health Care

With the fight going down in Washington D.C. over the President's plan for a nationalized health care system, in Texas Governor Rick Perry suggested that he might invoke state's rights to reject any kind of mandate to be placed upon the states. FULL STORY

Health Care Reform Bill

Congressman John Fleming, Representing Louisiana's 4th District, is asking us to contact our Congress Critters and tell them to support his House Resolution 615, promising that if they vote for Government Controlled Health Care, they themselves will give up their cushy Federal Employees Insurance and go with the Government Plan. Here is what Rep. Fleming has on his web site.

Over the past few weeks, members of Congress and the American people have come to know the details of the Administration's proposed health care plan. Call it whatever you like, I believe this proposal is nothing more than government-run health care. As a physician, I am amazed at the number of bureaucrats in this House who are quick to claim a government-run health care plan is the reform this country needs. In response to this, I have offered a resolution that will offer members of Congress an opportunity to put their money where their mouth is, and urge their colleagues who vote for legislation creating a government-run health care plan to lead by example and enroll themselves in the same public plan.

Under the current draft of the Democrat healthcare legislation, members of Congress are curiously exempt from the government-run health care option, keeping their existing health plans and services on Capitol Hill. If Members of Congress believe so strongly that government-run health care is the best solution for hard working American families, I think it only fitting that Americans see them lead the way. Public servants should always be accountable and responsible for what they are advocating.

Together we will work to ensure that any plan that is good enough is for American families is good enough for every member of Congress.

View Resolution

To see a list of Representatives who currently support H. Res 615, please click here.

Here is the Letter you may send to your Representative if they are not on the list of supporters.

I, ______________________, fully support House Resolution 615, which expresses the sense of the House of Representatives that Members who vote in favor of the establishment of a public, federal government run health insurance option are urged to forgo their right to participate in the Federal Employees Health Benefits Program (FEHBP) and agree to enroll under that public option.

Highlights From Health Care Bill

PG 425 Lines 4-12 Government mandates Advance Care Planning Consultations. Think Senior Citizens end of life prodding.



Pg 425 Lines 17-19 Government will instruct & consult regarding living wills, durable powers of attorney. Mandatory!



PG 425 Lines 22-25, 426 Lines 1-3 Government provides approved list of end of life resources, guiding you in how to die.



PG 427 Lines 15-24 Government mandates program for orders for end of life. The Government has a say in how your life ends.



Pg 429 Lines 1-9 An "advanced care planning consultant" will be used frequently as patients' health deteriorates.



PG 429 Lines 10-12 "advanced care consultation" may include an ORDER for end of life plans. AN ORDER from the Government to end a life!



Pg 429 Lines 13-25 – The Government will specify which Doctors can write an end of life order.



PG 430 Lines 11-15 The Government will decide what level of treatment you will have at end of life.

I INSTRUCT my representative, __________________, to become a cosponsor of the resolution and be willing to be accountable for any vote they make to reform health care in America.
______________
Name
______________
______________
Address
______________
Email Address

Ron Paul On The Kudlow Report

Best Tee Shirt Ever

Government by Goldman Sachs

You Can't Print Production and Prosperity

Mises Daily by Doug French | Posted on 7/23/2009 12:00:00 AM

It's hard to imagine that the monetary policy talk can get any nuttier, but we've likely only just begun. After all, despite the Federal Reserve growing its balance sheet by 140 percent and dropping rates essentially to zero, the bankruptcies just keep on coming. Ex-Fed governor Wayne Angell told Larry Kudlow's CNBC audience, "monetary policy always works!" Although Angell does stipulate that it takes time before the tromping on the monetary gas pedal will spin the economic tires and spray the prosperity gravel.

But good grief, the Fed started cutting rates in September 2007, dropping the federal-funds rate from 5.25 percent to 4.75 percent, and it was cut, cut, cut until daddy set the target rate at 0 to .25 percent in December of last year. In the meantime, one trillion dollars has been added to the M-2 money supply.

Despite all this money creation, Circuit City, Sharper Image, Goody's, Gottschalk's, Comp USA, Levitz Furniture, Chrysler, General Motors, General Properties, and — most recently — Eddie Bauer have filed for bankruptcy protection. And personal bankruptcy filings are up in every state and soaring in Nevada, Georgia, Alabama, Tennessee, Indiana, and Michigan.

The talking heads and policy wonks are trying to tell us that we're not borrowing enough, and that's why we're in a depression and why the Japanese economy has been depressed for more than a decade.

However, the real reason we're in a depression is because businesses and individuals borrowed too much and invested it poorly. Economist Murray Rothbard explained that a depression is the recovery stage: "The liquidation of unsound businesses, the 'idle capacity' of the malinvested plant, and the 'frictional' unemployment of original factors that must suddenly and en masse shift to lower stages of production — these are the chief hallmarks of the depression stage."

That's why monetary policy isn't working and won't work. People must save and pay off their debts. The malinvestments of the boom must be liquidated. New liquidity and zero-percent interest rates will only create new malinvestments, not a sound economy. FULL STORY

SOTOMAYOR'S CONFIRMATION VOTE RESCHEDULED - HERE'S WHY

By: Devvy
July 22, 2009
© 2009 - NewsWithViews.com

On July 15, 2009, Dr. Richard Cordero, was a guest on my radio show. Dr. Cordero has been trying to get the seventeen members of the Senate Judiciary Committee to question U.S. Supreme Court Justice nominee Sonia Sotomayor on these issues:

1. The Committee's questionnaire

2. Judge Sotomayor’s answers to it and her conduct

3. The docket of the DeLano case, 06-4780-bk, CA2

Here's the bottom line:

Enough Americans have been calling these senators with a demand the vote be stopped and Dr. Cordero's evidence (not speculation) be examined.

Sessions can simply pick up the phone, call Dr. Cordero and get him to Washington, DC with his boxes of evidence. These senators have their own lawyers to assist with complicated legal matters. Get them all into a hearing room with Dr. Cordero and go through the evidence.

Dr. Cordero will be a guest on Jeff Rense Radio, Monday, July 27, 2009. If those of us in the "alternative" media can find Dr. Cordero, certainly the aides in these senator's offices can do the same. Dr. Cordero is waiting and willing to speak to these senators in person.

There is absolutely no doubt in my mind that Sotomayor has been a willing participant in a judicially run and tolerated bankruptcy fraud scheme. There is no hesitation on my part when I say that if given all the evidence, a grand jury would indict not only Sotomayor, but several other federal judges involved in this fraud. This is a major scandal that has gone unchecked, but must be stopped. Integrity and honesty in our judiciary must be of the highest priority. FULL STORY

Ron Paul on CNBC and MSNBC Morning Meeting 7/21/2009

Ron Paul on MSNBC Morning Meeting

"IT WILL BE A COLD DAY IN HELL BEFORE HE SOCIALIZES MY COUNTRY"

Tuesday, July 21, 2009, 12:01 AM

Obama adminisration officials visited the town of Reserve, Louisiana to pitch the Obama health care plan Monday, and were greeted by a tough crowd. .

Media reports indicate that it was a tough sell for Health and Human Services Secretary Kathleen Sebelius.

THE DEAD PELICAN has obtained footage from WGNO in New Orleans where one audience member decried what he called Obama's "socialistic" health plan.

The gentleman attending th rally was greeted with thunderous applause when he told Sebelius that "It will be a cold day in hell before he socializes my country!"

Peter Schiff 60-Second Political Spot

invite - Campaign for Liberty Summer Hog Roast

Tony DeMott

On 25-July-2009 2:00 pm to 8:00pm

At 9428 Talladay
Willis, Mi 48191

Please Join the Washtenaw Campaign for Liberty for their first ever Summer Hog Roast. The Event includes food, games, kids activities, and live music. Children Under 12 are free, udults are $10 (all food and events included).

RSVP Reply to this email or call Tony Demott at 734-717-8599

Bernanke, BATF, Border Patrol, Digital TV, and the Power of the Sheriff

We The People Foundation

http://RestoreTheRepublic.com | In this edition Gary Franchi presents another update from Ron Paul on the Audit of the the Federal Reserve system and a shocking admission from Ben Bernanke that he's clueless about where the money is, and he provides a story about the new global currency, and presents an update from the pastor that was beat up by the Boarder Patrol. Gary will also present to you the Bureau of Alcohol, Tobacco, Firearms response to Tennessee and Montana's recent legislation against federal intervention in their state firearms laws. He will also share what a recent IBM employee thinks will happen to the new swath of frequencies recently opened up by the abandonment of the analog TV signal, and present part one of a series on The Power of the Sheriff, presented by Sheriff Mack.

Bernanke: “I Don’t Know” Which Foreign Banks Were Given Half a Trillion

Grayson grills Fed chairman on destination of credit swaps

Paul Joseph Watson
Prison Planet.com
Wednesday, July 22, 2009

Federal Reserve chairman Ben Bernanke was confronted yesterday by Congressman Alan Grayson about which foreign banks were the recipients of Federal Reserve credit swaps, but he was unable to provide an answer as to where over half a trillion dollars had gone.

Asked which European financial institutions received the money, which was handed out by The Federal Open Market Committee (FOMC), a component of the Federal Reserve System, Bernanke responded, “I don’t know.”

“Half a trillion dollars and you don’t know who got the money?” asked Grayson.

As we have previously reported, the destination of trillions in bailout funds remains hidden after the Fed refused to disclose where it had gone despite a lawsuit filed by Bloomberg.

Bernanke said the Fed had a “long standing legal authority” to hand money to foreign banks under section 14 of the Federal Reserve Act, a claim contradicted by Bernanke’s own report, as Grayson soon highlighted.



Grayson said that he had investigated one of the arrangements, a $9 billion dollar package to New Zealand, which works out at $3000 dollars for every citizen of New Zealand.

“Seriously, wouldn’t it have been better to extend that kind of credit to Americans rather than New Zealanders,” said Grayson.
The Congressman then implied that handing money to foreign institutions was unconstitutional, reading from Article I, “No money shall be drawn from the treasury, but in consequence of appropriations made by law.”

“Do you think it’s in the spirit of the Constitution for a group like the FOMC to hand out a half a trillion dollars to foreigners without any action by this Congress?” asked Grayson, to which Bernanke responded that Congress had approved it with the Federal Reserve act of 1913. Grayson responded that in 1913, the entire GDP of the U.S. was well under half a trillion dollars.

“Is it safe to say that nobody in 1913 contemplated that a small little group of people would decide to hand out half a trillion dollars to foreigners?,” asked Grayson, to which Bernanke again claimed that the authority had been used numerous times before.

Grayson debunked this claim by pointing to Bernanke’s own report, which stated that the entire amount had been handed out starting from the last quarter of 2007, and the amount given out before that to foreign banks was zero.

Peter Schiff on His Dad Irwin, a Political Prisoner July 17, 2009

OK, I'M BACK.

I had the opportunity to go camping with family. What a great time we had and what a bad packer I am. I loved every minute of it. But, now I'm back so here's the latest.

International treaty gives foreign troops identity of American gun owners

Have you called your Senators today to INSTRUCT them to cosponsor S. 604 and to STOP S. 1261, THE PASS ACT?

Status Report on S. 604

Sen. Bernard Sanders [I-VT] cosponsors (17)

Cosponsors [as of 2009-07-21]
Sen. John Barrasso [R-WY]
Sen. Robert Bennett [R-UT]
Sen. Samuel Brownback [R-KS]
Sen. Richard Burr [R-NC]
Sen. Saxby Chambliss [R-GA]
Sen. Thomas Coburn [R-OK]
Sen. John Cornyn [R-TX]
Sen. Michael Crapo [R-ID]
Sen. Jim DeMint [R-SC]
Sen. Russell Feingold [D-WI]
Sen. Thomas Harkin [D-IA]
Sen. Kay Hutchison [R-TX]
Sen. James Inhofe [R-OK]
Sen. John Isakson [R-GA]
Sen. Blanche Lincoln [D-AR]
Sen. John McCain [R-AZ]
Sen. David Vitter [R-LA]

The Senate Switchboard number is: (202) 224-3121 or toll free at 1-888-355-3588 or 1-888-818-6641

CONSTITUTION OF MICHIGAN OF 1835

In convention, begun at the city of Detroit, on the second Monday of May, in the year one thousand eight hundred and thirty five:

Preamble.

We, the PEOPLE of the territory of Michigan, as established by the Act of Congress of the Eleventh day of January, in the year one thousand eight hundred and five, in conformity to the fifth article of the ordinance providing for the government of the territory of the United States, North West of the River Ohio, believing that the time has arrived when our present political condition ought to cease, and the right of self-government be asserted; and availing ourselves of that provision of the aforesaid ordinance of the congress of the United States of the thirteenth day of July, one thousand seven hundred and eighty-seven, and the acts of congress passed in accordance therewith, which entitle us to admission into the Union, upon a condition which has been fulfilled, do, by our delegates in convention assembled, mutually agree to form ourselves into a free and independent state, by the style and title of "The State of Michigan," and do ordain and establish the following constitution for the government of the same.

ARTICLE I BILL OF RIGHTS



Right to assemble and petition.

20. The people shall have the right freely to assemble together, to consult for the common good, to instruct their representatives, and to petition the legislature for redress of grievances.

CONSTITUTION OF THE STATE OF MICHIGAN OF 1963

PREAMBLE

We, the people of the State of Michigan, grateful to Almighty God for the blessings of freedom, and earnestly desiring to secure these blessings undiminished to ourselves and our posterity, do ordain and establish this constitution.

Article I § 3

§ 3 Assembly, consultation, instruction, petition.

Sec. 3.
The people have the right peaceably to assemble, to consult for the common good, to instruct their representatives and to petition the government for redress of grievances.

History: Const. 1963, Art. I, § 3, Eff. Jan. 1, 1964
Former Constitution: See Const. 1908, Art. II, § 2.

John 15: 20

"If they have persecuted me, they will also persecute you"

What Bubble?

Obama Welcome - Audit the Fed Event. Live vs. TV

It might be an invitation-only crowd, but there will be plenty of protesters and supporters gathering at Macomb Community College today when President Barack Obama arrives to give a speech on higher education.

There will be people protesting the impact of the economic stimulus package, the Federal Reserve system and the fact that Obama is giving a speech rather than holding a town hall meeting. Others will call on Obama to stop foreclosures and evictions.

Macomb County Republicans, a group supporting U.S. Rep. Ron Pauls legislation on the Federal Reserve and Repower Michigan, which supports climate change legislation, will rally outside the Warren campus during the presidents visit."

A press release read:
Protesters call for an Audit of the Federal Reserve

Back on Uncle Sam's plantation

Six years ago I wrote a book called Uncle Sam's Plantation. I wrote the book to tell my own story of what I saw living inside the welfare state and my own transformation out of it.

I said in that book that indeed there are two Americas -- a poor America on socialism and a wealthy America on capitalism.

I talked about government programs like Temporary Assistance for Needy Families (TANF), Job Opportunities and Basic Skills Training (JOBS), Emergency Assistance to Needy Families with Children (EANF), Section 8 Housing, and Food Stamps.

Instead of poor America on socialism becoming more like rich American on capitalism, rich America on capitalism is becoming like poor America on socialism.

Uncle Sam has welcomed our banks onto the plantation and they have said, "Thank you, Suh."

Now, instead of thinking about what creative things need to be done to serve customers, they are thinking about what they have to tell Massah in order to get their cash.

There is some kind of irony that this is all happening under our first black president on the 200th anniversary of the birthday of Abraham Lincoln.

Worse, socialism seems to be the element of our new young president. And maybe even more troubling, our corporate executives seem happy to move onto the plantation.

In an op-ed on the opinion page of the Washington Post, Mr. Obama is clear that the goal of his trillion dollar spending plan is much more than short term economic stimulus. FULL STORY

Seen on US Hwy 15-501 at Lamm's Grove intersection. (near Durham , N.C. )

Chips in official IDs raise privacy fears

In this April 10, 2009. photo, Chris Paget, a self-described "ethical hacker," sits in the back of his car with electronic equipment seeking information from imbedded radio frequency identification, or RFID chips as people pass him along the Embarcadero in San Francisco. (AP Photo/Eric Risberg) (Eric Risberg - AP)

By TODD LEWAN
The Associated Press
Sunday, July 12, 2009; 6:10 AM

-- Climbing into his Volvo, outfitted with a Matrics antenna and a Motorola reader he'd bought on eBay for $190, Chris Paget cruised the streets of San Francisco with this objective: To read the identity cards of strangers, wirelessly, without ever leaving his car.

It took him 20 minutes to strike hacker's gold.

Zipping past Fisherman's Wharf, his scanner downloaded to his laptop the unique serial numbers of two pedestrians' electronic U.S. passport cards embedded with radio frequency identification, or RFID, tags. Within an hour, he'd "skimmed" four more of the new, microchipped PASS cards from a distance of 20 feet.

Increasingly, government officials are promoting the chipping of identity documents as a 21st century application of technology that will help speed border crossings, safeguard credentials against counterfeiters, and keep terrorists from sneaking into the country.

But Paget's February experiment demonstrated something privacy advocates had feared for years: That RFID, coupled with other technologies, could make people trackable without their knowledge.

He filmed his heist, and soon his video went viral on the Web, intensifying a debate over a push by government, federal and state, to put tracking technologies in identity documents and over their potential to erode privacy. FULL STORY

Cloning passport card RFIDs in bulk for under $250

Have you called your Senators today to INSTRUCT them

to cosponsor S. 604, Federal Reserve Sunshine Act,

to STOP S. 1261, THE PASS ACT

and OPPOSE Supreme Court nominee Sonia Sotomayor?

The Senate Switchboard number is: (202) 224-3121 or toll free at 1-888-355-3588 or 1-888-818-6641

Bombshell: Orders revoked for soldier challenging prez

BORN IN THE USA?
Posted: July 14, 2009
9:53 pm Eastern

By Chelsea Schilling and Joe Kovacs
© 2009 WorldNetDaily

A U.S. Army Reserve major from Florida scheduled to report for deployment to Afghanistan within days has had his military orders revoked after arguing he should not be required to serve under a president who has not proven his eligibility for office.

His attorney, Orly Taitz, confirmed to WND the military has rescinded his impending deployment orders.

"As an officer in the armed forces of the United States, it is [my] duty to gain clarification on any order we may believe illegal. With that said, if President Obama is found not to be a 'natural-born citizen,' he is not eligible to be commander-in-chief," he told WND only hours after the case was filed.

"[Then] any order coming out of the presidency or his chain of command is illegal. Should I deploy, I would essentially be following an illegal [order]. If I happened to be captured by the enemy in a foreign land, I would not be privy to the Geneva Convention protections," he said.

Cook said without a legitimate president as commander-in-chief, members of the U.S. military in overseas actions could be determined to be "war criminals and subject to prosecution."

He said the vast array of information about Obama that is not available to the public confirms to him "something is amiss."

"That and the fact the individual who is occupying the White House has not been entirely truthful with anybody," he said. "Every time anyone has made an inquiry, it has been either cast aside, it has been maligned, it has been laughed at or just dismissed summarily without further investigation.

"You know what. It would be so simple to solve. Just produce the long-form document, certificate of live birth," he said.FULL STORY

Norma McCorvey, "Jane Roe," Arrested At Sotomayor Hearing

The Huffington Post

WASHINGTON — The plaintiff in the landmark abortion-rights case Roe v. Wade, who became an abortion protester in recent years, was among four demonstrators arrested Monday for disrupting Sonia Sotomayor's Supreme Court nomination hearing.

Norma McCorvey, 61, of Texas, better known as "Jane Roe," began screaming that Sotomayor was "wrong" about abortion during the opening statement of the newest member of the Senate, Al Franken, D-Minn.

McCorvey's suit led to the 1973 Supreme Court decision that legalized abortion. But in recent years, she switched sides to speak out against abortion.

Capitol Police identified the other three arrested as: Robert James, from Virginia; Andrew Beacham of Indiana; and Francis Mahoney of Florida. Police did not provide their hometowns.

The first outburst came during Sen. Dianne Feinstein's opening statement. A man in the back of the room interrupted the California Democrat's remarks by shouting: "Senator! What about the unborn!" He called abortion "genocide."

Sotomayor briefly turned her head toward family and friends seated in the front row as the first protester was taken away and his shouts faded.

The initial episode prompted a warning by the Judiciary Committee chairman, Sen. Patrick Leahy, D-Vt., that no displays for or against the nominee from observers would be tolerated.

McCorvey was among a group that had been in seats reserved for the public. She began shouting as the group was escorted out so a new group could enter. Another man protested in Spanish.

Fed "Independence" = Fed Secrecy

On Thursday, Congressman Paul questioned economist and professor Allan Meltzer and economist James Galbraith concerning transparency at the Federal Reserve.

Debt and Financial Scam's- Six Syllables to a Savage Truth

THE MARKET ORACLE
Jul 11, 2009 - 05:29 PM
By: Stewart_Dougherty

On December 9, 2008, $65 billion of investor money was at peace. On the fear / greed seesaw that is said to characterize investor emotion, fear was down on the ground, while greed was high in the sky, having all the fun. Greed was earning a steady 1% per month, making fear look like an over-cautious fool.

On December 10, 2008, six simple syllables transformed that greed into lead, sending it crashing to earth while launching fear to the moon.

The syllables were these: "It's all just one big lie," and they were spoken by Bernard Madoff, in an admission that his investment fund was nothing but an illusion and a fraud. They represented a savage truth that would wipe out the savings of thousands, and toll the bell for the rest of the world's investing public.

The fact is that the United States is suffocating in what has become an airless House of Lies. Social Security is a promise that cannot be kept with anything even remotely resembling America's current "money," and is therefore a lie. Medicare and Medicaid are promises that cannot be kept, and are also lies. SSI benefits cannot be paid into the future, and are lies. The federal debt cannot be paid, and is a lie. Government pensions cannot be paid, and are lies. The prescription drug program is unaffordable, and is a lie. Food stamps and other forms of welfare are unaffordable, and are lies. And the list goes on and on. FULL STORY

The GOP is grass, guess who's the mower

In another article from The Sentinel, it appears that in-house squabbling is getting in the way of any recruiting efforts or party re-definition. In an apparent disciplinary attempt, it seems that the Republican Party of Florida is attempting to remove voices that either fail or refuse to tow the "party line". Most of these voices appear to be supportive of the views of Dr. Ron Paul. In fact, some Ron Paul supporters feel that the party is attempting to "purge" itself of the Libertarian influence.

This is not a good move for a party that is struggling to find its direction. For a political party that has disconnected with its main constituency, hard working, family oriented, "bread-basket" Americans, it certainly does not want to alienate a potential candidate whose supporter base is measured in Facebook and MySpace subscribers. However, there does seem to be resistance among "old school" Republicans like South Carolina Senator Lindsey Graham regarding the popularity of Ron Paul and his supporters. FULL STORY

How the media ignored Ron Paul and why it will be their undoing

I came across this article written by Doug Wead on MinistryValues.com

Once again, Ron Paul deserved to be in the headlines and once again the national media totally ignored him. Recently Ron Paul took on the Federal Reserve seeking to audit the secretive financial institution and a few months ago the nationwide ‘Tea Party’ protests of big taxes and big spending was the number two story in the nation on most television networks and number one on some. And how could they avoid it? Thousands showed up from coast to coast to express their dismay. What is Obama doing? How can we keep printing paper money? Doesn’t he know that a wave of inflation will hit the shore?

The fact is that many in big business switched to the Democrats in 1964 when they learned how Lyndon Johnson’s new regulations could wipe out their small business competitors and gain them monopolies. And it gained momentum, even in Republican administrations where powerful corporate lobbies ponied up for their share of government largesse. McDonalds, for example, wanted and received government subsidies to compete with French hamburger joints. Chuckle, chuckle. Now you try that. Go ahead. Open a hamburger stand and ask the government for money. Good luck.

ABC blamed the tax revolt on Fox television and talk radio and said that Democrats blamed corporate interests, none of the corporate interests were named but ABC reported it anyway, gotta be fair and give the other side. But I was watching ABC, not Fox and I never listen to the radio and I, too, think that we are spending big. Gee, how did I get that idea? Come to think of it, it must have been ABC. Maybe they are part of the very fringe they fear and don’t yet know it.

Ron Paul’s name was not mentioned. Well, I am told that it was mentioned once on Fox by the good Judge Andrew Napolitano.

That’s okay. Keep it up. Makes us mad. Real mad. And we will take over the GOP and we will give the American people a choice, and when the economy is good and shaken, and the middle class has lost 70% of its wealth, and is no longer middle class, then there just might be enough new poor people out there to elect Ron Paul.

Go on, no really, keep it up. Keep it up. Give us another news story that ignores the only person in America who saw this coming and the only one who is talking sense and the only one who has the answers. Go on. FULL STORY

Community Organizers

The other day, this young lady came to my door and introduced herself as a community organizer. My first question to her was, "Have you read the Constitution of the United States and Bill of Rights?"

She said NO. She had never read the Constitution.

I then asked if she had read the Constitution and Bill of Rights of Michigan.

Again she said NO.

I asked her what type of community organization she was promoting if she didn't know what the communities RIGHTS were?

She didn't know.

I felt compelled to educate her.

I gave her a copy of the "Citizens Rule Book" complete with the U.S. Constitution and Bill of Rights as well as information on Jury Duty.

I gave her FIJA fliers (that's Fully Informed Jury Association).

I gave her a Fiat Empire DVD and a Freedom to Fascism DVD.

That's when she told me that she had to go pick up her daughter and had to leave.

I'm sure she had some questions she wanted to ask me but didn't have time. Maybe she will come back.

Ron Paul's Opening Statement at Fed Hearing, 7/9/09

To Senators Levin and Stabenow

senator_levin@levin.senate.gov senator@stabenow.senate.gov

In accordance to Article I § 3 Michigan Constitution of 1963

§ 3 Assembly, consultation, instruction, petition.

Sec. 3.
The people have the right peaceably to assemble, to consult for the common good, to instruct their representatives and to petition the government for redress of grievances.

I am instructing you Senator Levin and Senator Stabenow, to add your names to the list of Cosponsors to S. 604.

To STOP S. 1261 THE PASS ACT

and to OPPOSE Supreme Court nominee Sonia Sotomayor.

S. 604 Cosponsor Status Report

S. 604 Federal Reserve Sunshine Act of 2009

A bill to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes. STATUS REPORT.

SPONSOR

Sen. Bernard Sanders [I-VT]

COSPONSORS [as of 2009-07-10]

Sen. Samuel Brownback [R-KS]
Sen. Richard Burr [R-NC]
Sen. Saxby Chambliss [R-GA]
Sen. Michael Crapo [R-ID]
Sen. Jim DeMint [R-SC]
Sen. James Inhofe [R-OK]
Sen. John Isakson [R-GA]
Sen. David Vitter [R-LA]

The Role of Government Affordable Housing Policy in Creating the Global Financial Crisis of 2008

STAFF REPORT
U.S. HOUSE OF REPRESENTATIVES
111TH CONGRESS
COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM
JULY 7, 2009

INTRODUCTION

The housing bubble that burst in 2007 and led to a financial crisis can be traced back to federal government intervention in the U.S. housing market intended to help provide homeownership opportunities for more Americans. This intervention began with two government-backed corporations, Fannie Mae and Freddie Mac, which privatized their profits but socialized their risks, creating powerful incentives for them to act recklessly and exposing taxpayers to tremendous losses. Government intervention also created “affordable” but dangerous lending policies which encouraged lower down payments, looser underwriting standards and higher leverage. Finally, government intervention created a nexus of vested interests – politicians, lenders and lobbyists – who profited from the “affordable” housing market and acted to kill reforms. In the short run, this government intervention was successful in its stated goal – raising the national homeownership rate. However, the ultimate effect was to create a mortgage tsunami that wrought devastation on the American people and economy. While government intervention was not the sole cause of the financial crisis, its role was significant and has received too little attention. FULL REPORT

Ron Paul questions Fed Vice Chair on Transparency

Ron Paul questioned Vice Chairman of the Federal Reserve Board of Governors today in a hearing on Fed independence on Capitol Hill today.

It’s now their “official” opinion that auditing the Federal Reserve completely will inhibit their ability to do their job, which apparently is to print money endlessly forcing a hidden tax on every person who trades in U.S. dollars.

Watch the exchange below.



Just more subterfuge in the fight to audit the Fed. Call your Senators and Congress folk about HR1207 and S604!

Have you called your Senators today to INSTRUCT them

to cosponsor S. 604, Federal Reserve Sunshine Act,

to STOP S. 1261, THE PASS ACT

and OPPOSE Supreme Court nominee Sonia Sotomayor?

The Senate Switchboard number is: (202) 224-3121 or toll free at 1-888-355-3588 or 1-888-818-6641

AIG May Have Zero Value After Rescue,

July 9 (Bloomberg) -- American International Group Inc., the insurer bailed out four times by the government, fell the most in nine months after Citigroup Inc. said the firm may have no value left for shareholders after repaying the U.S.

AIG plunged $3.62, or 28 percent, to $9.48 at 4:15 p.m. in New York Stock Exchange composite trading, the biggest drop since September 2008. The insurer has lost more than half its value after implementing a 1-for-20 reverse stock split when trading closed June 30. FULL STORY

Weekly Unemployment Claims Decline, Record Continuing Claims

Note: The numbers are adjusted for the holiday, but this might still be an aberration.

The DOL reports on weekly unemployment insurance claims:

In the week ending July 4, the advance figure for seasonally adjusted initial claims was 565,000, a decrease of 52,000 from the previous week's revised figure of 617,000. The 4-week moving average was 606,000, a decrease of 10,000 from the previous week's revised average of 616,000.
...
The advance number for seasonally adjusted insured unemployment during the week ending June 27 was 6,883,000, an increase of 159,000 from the preceding week's revised level of 6,724,000. FULL STORY

Injustice Exposed: The Secret Code on Veteran's DD214

Edwin H. Crosby III Vietnam Vet. explains the secret code on the 26,000,000 veteran's DD214 forms, and how it is used against the Veterans. Special Veteran's Forum April, 2007 Edwin H. Crosby III gave permission to upload this video. Website: http://www.injusticexposed.org More info: http://www.apfn.org/apfn/DD214.

"Bernanke Threatens The Congress" We will cause an Economic Collapse if you audit the Fed!

Rep. Duncan questioned Federal Reserve chairman Ben Bernanke on Thursday about what his opinion of a majority in Congress who have co-sponsored Ron Pauls bill to audit the Federal Reserve.

Bernanke clearly regarded the bills intent as hostile to the institution he represents:

"My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation."

The brunt of Bernankes statement is as crystal clear as a threat from a common street thug back off from the Fed, or the economy gets it.

The chairman clearly implies that any attempt to restore monetary powers constitutionally granted to the Congress would be seen as a "takeover" and that the defensive and "repudiated" Fed would respond destructively.
Of course Congress constitutional power over money is in the U.S. Constitution:

The Congress shall have power To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;

Bernankes open use of financial terrorism in the face of Congress blatant Constitutional authority is absurd and despicable.

WE THE PEOPLE: How We Win

We will win if we fight at the school board meetings, city council meetings, and make our state representatives and senators do our will, while we hold their feet to the fire to burn if they disobey.

Clean Energy and Security Act brings auditors into your home

H.R. 2454 is a 1400-page promise to audit every aspect of your home and life under the guise of creating jobs, clean energy and a sustainable world. However, before we get into the bill lets examine the way it’s been handled.

The secrecy of the bill and the speed of which the legislation is being railroaded is quite alarming. The last two times I’ve seen this was with the Patriot Act and TARP legislation.

Congressman Ron Paul told the Washington Times that no one was allowed to read the Patriot Act, and for that, we received one of the most anti-American legislations we’ve ever seen. Complete with secret arrests, indefinite detentions and forced DNA collection from “suspected terrorists.”

TARP had similar shenanigans, it was rushed through the house, no one could read it and threats of Marshal Law were made. Rep. Brad Sherman tells us in the clip what happened behind closed doors.



Senator James Inhofe later revealed on a Tulsa Talk Show the US Secretary of the Treasury Henry Paulson was behind the Martial Law threat. The bill passed and TARP and other bailout schemes are currently at $13.9 trillion. It promised jobs, growth and economic recovery. Unemployment rates continue to sky rocket and most economists will tell you we are already in a depression. FULL STORY

Bureaucrats Will Carry Out Mandatory Home Inspections Under Climate Bill

The controversial climate bill that is set to be taken up by the Senate on Monday after its passage in the House will legislate home inspections by government regulators who will demand to audit every aspect of your property under the threat of substantial and repeated fines if their visits are denied or their demands not satisfied. FULL STORY

Social Security Numbers Can Be Predicted With Public Information

ScienceDaily (July 7, 2009) — Carnegie Mellon University researchers have shown that public information readily gleaned from governmental sources, commercial data bases, or online social networks can be used to routinely predict most — and sometimes all — of an individual's nine-digit Social Security number. FULL STORY

Jim DeMint Presses Senate to Audit the Fed!

On Monday, Senator Jim DeMint offered S 604, the Senate version of Ron Paul's Audit the Fed bill, as an amendment to pending Senate legislation.

Senate leadership refused to allow a vote on the amendment, however, claiming a rules violation. As seen in this featured video, Senator DeMint responded by defending the amendment's legitimacy and confronting hypocrisy in the legislative process.

Help Senator DeMint keep up the pressure in the Senate! Click here to sign our online petition.

Have you called your Senators today to INSTRUCT them to cosponsor S. 604 and to STOP S. 1261, THE PASS ACT?

The Senate Switchboard number is: (202) 224-3121 or toll free at 1-888-355-3588 or 1-888-818-6641

CONSTITUTION OF MICHIGAN OF 1835

In convention, begun at the city of Detroit, on the second Monday of May, in the year one thousand eight hundred and thirty five:

Preamble.

We, the PEOPLE of the territory of Michigan, as established by the Act of Congress of the Eleventh day of January, in the year one thousand eight hundred and five, in conformity to the fifth article of the ordinance providing for the government of the territory of the United States, North West of the River Ohio, believing that the time has arrived when our present political condition ought to cease, and the right of self-government be asserted; and availing ourselves of that provision of the aforesaid ordinance of the congress of the United States of the thirteenth day of July, one thousand seven hundred and eighty-seven, and the acts of congress passed in accordance therewith, which entitle us to admission into the Union, upon a condition which has been fulfilled, do, by our delegates in convention assembled, mutually agree to form ourselves into a free and independent state, by the style and title of "The State of Michigan," and do ordain and establish the following constitution for the government of the same.

ARTICLE I BILL OF RIGHTS

Right to assemble and petition.

20. The people shall have the right freely to assemble together, to consult for the common good, to instruct their representatives, and to petition the legislature for redress of grievances.

CONSTITUTION OF THE STATE OF MICHIGAN OF 1963

PREAMBLE

We, the people of the State of Michigan, grateful to Almighty God for the blessings of freedom, and earnestly desiring to secure these blessings undiminished to ourselves and our posterity, do ordain and establish this constitution.

Article I § 3

§ 3 Assembly, consultation, instruction, petition.

Sec. 3.
The people have the right peaceably to assemble, to consult for the common good, to instruct their representatives and to petition the government for redress of grievances.

History: Const. 1963, Art. I, § 3, Eff. Jan. 1, 1964
Former Constitution: See Const. 1908, Art. II, § 2.

WE THE PEOPLE (Silent Majority No More)

S. 604 Federal Reserve Sunshine Act of 2009

A bill to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes. STATUS REPORT.

SPONSOR: Sen. Bernard Sanders [I-VT]

COSPONSORS: Sen. Michael Crapo [R-ID]
Sen. Jim DeMint [R-SC]
Sen. David Vitter [R-LA]

Have you called your Senators today to INSTRUCT them to cosponsor this bill?

CONSTITUTION OF MICHIGAN OF 1835
ARTICLE I BILL OF RIGHTS

Right to assemble and petition.

20. The people shall have the right freely to assemble together, to consult for the common good, to instruct their representatives, and to petition the legislature for redress of grievances.

The Senate Switchboard number is: (202) 224-3121 or toll free at 1-888-355-3588 or 1-888-818-6641

U.S. Senator Debbie Stabenow

e-mail: senator@stabenow.senate.gov

Washington, DC Office Phone: (202) 224-4822

Mid-Michigan Office Phone: (517) 203-1760

Southeast Michigan Office Phone: (313) 961-4330

Western Michigan Office Phone: (616) 975-0052

Flint/Saginaw Bay Area Office Phone: (810) 720-4172

Upper Peninsula Office Phone: (906) 228-8756

Northern Michigan Office Phone: (231) 929-1031

Senator Carl Levin

Washington, DC Office Phone (202) 224-6221 Fax (202) 224-1388

DETROIT Phone (313) 226-6020

TRAVERSE CITY Phone (231) 947-9569

ESCANABA Phone (906) 789-0052

SAGINAW Phone (989) 754-2494

GRAND RAPIDS Phone (616) 456-2531

WARREN Phone (586) 573-9145

LANSING Phone (517) 377-1508

1983 - Larry McDonald, Pat Buchanan, and Tom Braden on the New World Order

Around May of 1983, approximately 4 months before being shot down in KAL007, Congressman Larry McDonald takes on Pat Buchanan and Tom Braden on Crossfire as they badger him about his new role as Chairman of the John Birch Society. He easily handles them and answers questions concerning the Elite's Conspiracy for a One World Government.



Around May of 1983, approximately 4 months before being shot down in KAL 007, Congressman Larry McDonald took on Pat Buchanan and Council on Foreign Relations member, Tom Braden on Crossfire. They badgered him about his new role as Chairman of the John Birch Society. He easily handled them and answered questions concerning the Elite's Conspiracy for a One World Government. Some things survive the test of time. It is interesting to consider how many of the assertions; that were ridiculed 1983, have since been proven to be accurate and amazingly perceptive.

As you watch, reflect on the present situation that we now have. Consider NAFTA, NAU, WTO, FTAA, or such things as going to war on UN resolutions.

Ask yourself this: How many things that were ridiculed in 1983, have now been admitted?
Ask yourself this: How many things that were ridiculed in 1983, have now been revealed so clearly that they can no longer be denied?

Pastor Anderson Speaking at the Gilbert Arizona Tea Party

Remember the pastor who was tazered in AZ about 2 months ago? Watch his speech at a Tea Party:

Pastor Anderson Speaking at the Gilbert Arizona Tea Party:

The Creature from Jekyll Island - A Second Look at the Federal Reserve by G Edward Griffin

Where does money come from?
Where does it go?
Who makes it?

The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It sounds like a detective story, which it really is, but it's all true. Based on Mr. Griffin's book of the same title, this address will shatter your old ideas about money and change the way you view the world. 1998 lecture



On Monday,July 6th, call your Senator and politely insist that he or she cosponsor "SB 604: Federal Reserve Board Sunshine Act of 2009."


The Senate Switchboard number is:
(202) 224-3121 or toll free at 888-355-3588 or 888-818-6641.

Day of Reckoning

by Martin D. Weiss, Ph.D. 07-05-09

This is a day of reckoning for California and, ultimately, for all of America.

Will our nation’s largest debtors meet their massive financial obligations? Or will many ultimately default?

In California, the answer given by the state Treasurer’s office was a commitment never to default, seeking to directly refute my forecast issued here 13 days ago under the headline “California Collapsing.”

According to the BusinessJournal:

“The California’s state Treasurer’s office on Monday refuted an analyst’s recommendation last week that investors dump California municipal bonds and that the state is likely to default.

“Analyst Martin Weiss of Weiss Research said in a June 22 report that California’s financial woes create ‘a very high probability’ that California will eventually miss debt service payments.

“Mr. Weiss’ analysis and recommendation, to put it kindly, is misinformed,” responded Tom Dresslar, a spokesman for state Treasurer Bill Lockyer. “Even the credit rating agencies said, in announcing possible downgrades, that the likelihood of default is low.”

Ironically, just two days later …

California Defaulted on Its
Short-Term Debt Obligations

To the contrary, California’s budget crisis is rooted in an unprecedented economic depression with 11.5 percent unemployment and the greatest concentration of mortgage delinquencies in the nation. Even if the i.o.u.’s are ultimately paid in full, California’s debt troubles are not going away.

Why I Expect a Default on California’s Bonds FULL STORY

Ron Paul: Recommendations for U.S.

Economy In Crises
Published 07/04/09 Dustin Ensinger

Congressman Ron Paul, writing in the Washington Times, offers a five-point plan to reform America’s foreign policy in a way that would make our Founding Fathers proud.



First, Paul says that America should no longer cede its sovereignty to international institutions. This includes the North American Free Trade Agreement, the World Trade Organization, the United Nations and the North American Treaty Organization.

Second, America can no longer afford to police the world and stretch our military thin by having them deployed across the globe on humanitarian missions. Instead, America should strictly focus on having a military strong enough to defend itself against any foreign threat.

Third, according to Paul, Congress must reassert its Constitutionally mandated and exclusive power to declare war. In those cases in which Congress does not decide to deploy troops and the decision is left to the executive branch, America tends to end up in long and very costly wars.

Fourth, Paul states that America should lead by example instead of engaging in nation-building. Instead America should demonstrate to the rest of the world what a free and democratic society looks like.

Finally, Paul says that America must stop its practice of intervening in the matters of other sovereign nations. If America’s sovereignty is to be respected, it must do so in other countries as well.

Click here to read Ron Paul's proposal in its entirety.

Click here to contact your Representative in Congress.

INDEPENDENCE DAY

CONSTITUTION OF MICHIGAN OF 1835

In convention, begun at the city of Detroit, on the second Monday of May, in the year one thousand eight hundred and thirty five:

Preamble.

We, the PEOPLE of the territory of Michigan, as established by the Act of Congress of the Eleventh day of January, in the year one thousand eight hundred and five, in conformity to the fifth article of the ordinance providing for the government of the territory of the United States, North West of the River Ohio, believing that the time has arrived when our present political condition ought to cease, and the right of self-government be asserted; and availing ourselves of that provision of the aforesaid ordinance of the congress of the United States of the thirteenth day of July, one thousand seven hundred and eighty-seven, and the acts of congress passed in accordance therewith, which entitle us to admission into the Union, upon a condition which has been fulfilled, do, by our delegates in convention assembled, mutually agree to form ourselves into a free and independent state, by the style and title of "The State of Michigan," and do ordain and establish the following constitution for the government of the same.

ARTICLE I

BILL OF RIGHTS

Political power.

First. All political power is inherent in the people.

Right of the people.

2. Government is instituted for the protection, security, and benefit of the people; and they have the right at all times to alter or reform the same, and to abolish one form of government and establish another, whenever the public good requires it.

No exclusive privileges.

3. No man or set of men are entitled to exclusive or separate privileges.

Religious worship.

4. Every person has a right to worship Almighty God according to the dictates of his own conscience; and no person can of right be compelled to attend, erect, or support, against his will, any place of religious worship, or pay any tithes, taxes or other rates, for the support of any minister of the gospel or teacher of religion.

Support of religious societies; by state treasury prohibited

5. No money shall be drawn from the treasury for the benefit of religious societies, or theological or religious seminaries.

Rights of conscience.

6. The civil and religious rights, privileges and capacities of no individual shall be diminished or enlarged on account of his opinions or belief concerning matters of religion.

Freedom of speech and press.

7. Every person may freely speak, write, and publish his sentiments on all subjects, being responsible for the abuse of that right; and no law shall be passed to restrain or abridge the liberty of speech or of the press. In all prosecutions or indictments for libels, the truth may be given in evidence to the jury; and if it shall appear to the jury that the matter charged as libelous is true, and was published with good motives and for justifiable ends, the party shall be acquitted; and the jury shall have the right to determine the law and the fact.

Search and seizure.

8. The person, houses, papers and possessions of every individual shall be secure from unreasonable searches and seizures; and no warrant to search any place, or to seize any person or things, shall issue without describing them, nor without probable cause, supported by oath or affirmation.

Trial by jury.

9. The right of trial by jury shall remain inviolate.

Criminal prosecution; rights of accused.

10. In all criminal prosecutions, the accused shall have the right to a speedy and public trial by an impartial jury of the vicinage; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor; to have the assistance of counsel for his defense, and in all civil cases, in which personal liberty may be involved, the trial by jury shall not be refused.

Same; prerequisite of presentment or indictment, exceptions.

11. No person shall be held to answer for a criminal offense, unless on the presentment or indictment of a grand jury, except in cases of impeachment, or in cases cognizable by justices of the peace, or arising in the army or militia when in actual service in the time of war or public danger.

Twice in jeopardy, bail, habeas corpus.

12. No person for the same offense, shall be twice put in jeopardy of punishment. All persons shall, before conviction, be bailable by sufficient sureties, except for capital offenses, when the proof is evident or the presumption great; and the privilege of the writ of habeas corpus shall not be suspended, unless when, in cases of rebellion or invasion, the public safety may require it.

Right to bear arms.

13. Every person has a right to bear arms for the defense of himself and the state.

Military subordinate to civil power.

14. The military shall, in all cases, and at all times, be in strict subordination to the civil power.

Quartering of troops.

15. No soldier shall, in time of peace, be quartered in any house without the consent of the owner, nor in time of war but in a manner prescribed by law.

Treason

16. Treason against the state shall consist only in levying war against it, or in adhering to its enemies, giving them aid and comfort. No person shall be convicted of treason unless on the testimony of two witnesses to the same overt act, or on confession in open court.

Attainder, ex post facto, impairment of contract.

17. No bill of attainder, ex post facto law, or law impairing the obligation of contracts, shall be passed.

Excessive bail, fines, punishments.

18. Excessive bail shall not be required; excessive fines shall not be imposed; and cruel and unjust punishments shall not be inflicted.

Taking property for public use; compensation.

19. The property of no person shall be taken for public use, without just compensation therefor.

Right to assemble and petition.

20. The people shall have the right freely to assemble together, to consult for the common good, to instruct their representatives, and to petition the legislature for redress of grievances.

Acts void.

21. All acts of the legislature contrary to this or any other article of this Constitution shall be void.

EMERGENCY ALERT - Stop the NEW Real ID - S.1261 - The PASS Act

MOUNTAIN OF DEBT: Rising debt may be next crisis

MOUNTAIN OF DEBT: Legacy of debt from Founding Fathers not celebrated on Independence Day

By Tom Raum, Associated Press Writer
On Friday July 3, 2009, 11:32 pm EDT

Deficits don't reflect holdover indebtedness from previous years. Some spending items -- such as emergency appropriations bills and receipts in the Social Security program -- aren't included, either, although they are part of the national debt.

The national debt is a broader, and more telling, way to look at the government's balance sheets than glancing at deficits.

According to the Treasury Department, which updates the number "to the penny" every few days, the national debt was $11,518,472,742,288 on Wednesday.

The overall debt is now slightly over 80 percent of the annual output of the entire U.S. economy, as measured by the gross domestic product. FULL STORY

Woods Tells the Story of the Meltdown

[Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse. By Thomas E. Woods Jr. Regnery 2009. Xi + 194 pages.]


Tom Woods has made an invaluable contribution with his latest book. The public today looks for an explanation of the current economic crisis and a prescription for recovery. Conflicting accounts abound. Should the collapse of the housing bubble and the accompanying credit crunch be met by increased government spending, as Keynesians aver? Does the key to the mystery lie in maintaining an adequate supply of money, as monetarists think? Those of us inclined to the Austrian School know better: such foolish resorts to the government serve only to worsen matters.

Austrian business-cycle theory is straightforward, for those willing to devote the necessary time to study praxeology. But therein lies a problem. The average person lacks the patience to read Human Action and Man, Economy, and State. How then can he acquire the rudiments of Austrian cycle theory and grasp why the theory is true? To set the question aside, on the grounds that it is unnecessary for the man in the street to bother with such matters, is a counsel of despair. If the public does not understand the economics of depression, there is little hope that we can avoid disastrous government policies. Unless the free market receives sufficient popular support, our economic future is bleak. FULL STORY