Thursday, February 10, 2011

Ron Paul's Subcommittee Hearing 2/9/11: Can Monetary Policy Really Create Jobs?

QUESTION: If the Federal Reserve didn't see the Monetary Crises coming, will they see the Inflation in time to STOP printing Fed Fiat Dollars???

QUESTION: Should Michigan Citizens accept the proposed Michigan Fair Tax that would eliminate the Michigan Corporate Income Tax as well as Business Property Tax and EXPAND the Michigan Sales Tax to include Tax on Food, Medical and Services ( Labor )???

My ANSWER: No! With the rising Inflation that we are facing, it would be IMMORAL to place a tax on the most basic needs of every individual.

Transcript of Interview with Jim Rogers: Why Inflation is Raging Worldwide And He Shorted US Treasury Bonds

Chris: So inflation is really out of the bag. Then why is it that the U.S. seems to be experiencing what they claim to be no inflation. What is going on there?

Jim: Well Chris, if you shop in the U.S., you know that there is inflation – whether it’s taxis or tolls or insurance or education or entertainment or food. I mean, the price of everything is going up. It’s only the U.S. Government that says prices aren’t going up. I guess CNBC says that too, but shop – I impore you. Go and try to buy something. Go see that there is inflation in the U.S. just as there is everywhere else. I mean, Chris, people in American pay the same for cotton or rubber or tin or oil as everybody else in the world. So when they say there is no inflation – I mean, I don’t know how there could be possibly no inflation because prices of nearly everything are going up.

Chris: Well, certainly if we look at a chart of commodities going back from about 2002, there was a little spike in ’08, which sort of rippled there, but otherwise you can draw a line with a ruler from 2002 to now. It’s almost ten years where we’ve been in almost double digit commodity inflation – it’s been a very impressive run there.

So one way to look at this then is the U.S. is exporting this inflation and expecting the rest of the world to shoulder that pain. Either the rest of the world accepts higher inflation, or they have to accept a stronger currency to fight it. Either of which is a form of past and current U.S. monetary and fiscal excesses. As a student of history, are their any parallels to tell us what happens next in this story?

Jim: What happens next is the rate of inflation continues to grow eventually; even the U.S. and U.K. will have to acknowledge it. You will see one more price increases make it through to the public. It will lead to higher interest rates. It will lead to a lower standard of living for all of us. Except the ones, of course, who have figured out what’s going on and can invest to protect themselves. But no, this is going to get worse. This has happened many, many times. There is nothing unusual about it. I’m not a very smart guy, I just looked it up. Your listeners can look it up too. Throughout history when it started happening, eventually politicians and economists started saying, “Oh well, don’t worry, it’s a one-shot thing. It’s just because of a bad harvest or bad this or a bad that and don’t worry, it won’t last." But of course, since they either don’t realize what’s going on or because they’re lying about what’s going on, it gets worse before anybody tries to do something to solve the problem. FULL STORY

Dr. Mercola Interviews Rep. Ron Paul


SoCalShaker said...

Press Release for the IVAMU Currency 2 step Solution:



SUBJECT: New invention: IVAMU = Intrinsic Value Added Monetary Unit provides

Answers to Loss of Currency Values World-Wide

A Brand New Currency Invention-- A New Standard for Value of Money

"Divers weights, [and] divers measures, both of them [are] alike an abomination to the LORD." --Proverbs 20:10

"Declare ye among the Nations, and Publish, and set up a Standard; Publish, [and] conceal not:" -- Jeremiah 50:2

IVAMU is a Brand New Currency and CONTAINS real precious metal, such as gold, silver and or platinum. It does not need to be declared as "backed by gold," because this Paper Money contains flat and flexible precious metal--with thickness measured in microns within the currency itself.

Claims of being 'backed by gold' are always suspect due to historical accounts of 'accidental' invention of what is called “fiat money” in which bankers permitted themselves to issue MORE currency than could be "backed by -- gold!" Born of greed and concealed, it worked well for the charging of interest on loaned money until too many people DEMANDED their precious metals be DELIVERED BACK to the rightful owners or depositors. What is about to happen today is a good example. JP Morgan is selling un-backed silver contracts which certainly will result in a coming “Bank Holidays” once the people catch on to the banking and investment SCAM.

Far better, IVAMU Currency *contains those precious metals!

The designer of the concept, Ken Lowndes, says, “Some IVAMU may 'only' contain silver, while larger denomination currencies will contain gold or platinum. Some IVAMU denominations may even contain two or more metals. This answers the problem today of paper currency-backed-by-nothing except more paper.”

He goes on to say, “The CONfidence game is over. We and our future generations will NOT be paying off the wicked Bankers! We will NEVER, EVER be their SLAVES. “

For further information contact:

Ken Lowndes @ 626-358-0108, or @ or SKYPE @ IVAMUConnect


SoCalShaker said...

2 Step Solution IN BRIEF:

Monopolized Private Central Banks have created enormous problems - (the Federal Reserve is no more "federal" then is Federal Express) - not only of inflation, but also in how it depreciates the quality of human life itself. For instance, in the current economic climate the current bankers indulge in un-resisted temptation to grant "bail-outs," using taxpayers to replace those funds placing world-wide hyper-inflation into high gear. In the process in desperation and in greed, they Murder the hopes of the American people.

Fixing the (any) economy involves two steps:


Do not despair in thinking that fixing an economy can not be done .... it certainly can. Once the problem is properly Identified anyone can easily discover the SOLUTION.

What is the problem?

Fiat Money issued by the Central Banks, which is unregulated and privately issued, is therefore, dishonest money loaned at interest since their money costs them nothing off the printing press at the Bureau of Engraving and Printing.


Remove and or suspend ALL interest FROM the economy, (can roll back inflation by up to 97%, especially within the USA), [SEE: ] and,

Issue the IVAMU as the New Currency Standard.

"When the enemy shall come in like a flood, the Spirit of the LORD shall lift up a Standard against him".-- Isaiah 59:19

This solution will fix the currency problems for any nation in the world. IVAMU’s precious metals-based currency will then enjoy world-wide acceptance for Standardized Value, no matter at what level it is issued. And, IVAMU Currency isn't "phony" money! No, the IVAMU is all REAL because it contains the precious metal rather than referring to it to be transferred to an account at a later date or different place.

Some Examples of which authorities may Issue this new currency includes:


Private Barter or Script Companies,


Cities, Townships, Counties, and Parishes,

State, Federal or National banks

The IVAMU opens the door for EVERYONE to consider being their own "honest banker," eliminating even the 'perceived need' for one world-wide, monopolistic Centralized Bank's "Reserve Currency."

It defangs “Central Banking” into a neutral clearing house for transactions of “REAL MONEY”, and NOT dishonest “FIAT (Inflation based) MONEY”!

Or Click to Return to:

Daar said...

Rose, you just love associating the MI FairTax with other issues, doncha.