Brits Pounded As Debts, Deficits Hit Home. Next Up: Us!

by Mike Larson 03-05-10

Boy are things getting ugly in the U.K. The British currency, the pound, is getting crushed. The price of long-term British debt securities, called gilts, is heading down. And the cost of default insurance on the country’s debt is rising steadily.

My takeaway: This is but a preview of what’s to come here in the U.S.

Why the Crisis Is Coming

To a Head in the U.K.

Britain’s finances are in shambles. The country’s budget deficit is running at more than 12 percent of gross domestic product, roughly the same as in Greece. In fact, for the first time, the country recorded a whopping $6.7 billion deficit in January … much worse than the $3.9 billion SURPLUS economists were expecting.

The U.K. government is planning to sell $349 billion in debt this year, the most ever, to cover its deficit. But demand is flagging, with foreign investors dumping the most U.K. sovereign debt in nine months in January and yields generally rising.

Then a few days ago, the crisis came to a head. The catalyst: New polling data that threw the British political outlook into chaos. Polls showed that the Conservative Party’s lead over the Labour Party shrunk to its lowest level in more than two years.

It now appears that neither party could come out of spring elections with a clear majority, leaving the U.K. with a “hung” parliament. That would make it much more difficult for the government to reduce the nation’s debts and deficits. FULL STORY

My Plan for a Freedom President

How I would put the Constitution back in the Oval Office

by Ron Paul

Of course, just as the welfare-warfare state was not constructed in 100 days, it could not be dismantled in the first 100 days of any presidency. While our goal is to reduce the size of the state as quickly as possible, we should always make sure our immediate proposals minimize social disruption and human suffering. Thus, we should not seek to abolish the social safety net overnight because that would harm those who have grown dependent on government-provided welfare. Instead, we would want to give individuals who have come to rely on the state time to prepare for the day when responsibility for providing aide is returned to those organizations best able to administer compassionate and effective help – churches and private charities.

Now, this need for a transition period does not apply to all types of welfare. For example, I would have no problem defunding corporate welfare programs, such as the Export-Import Bank or the TARP bank bailouts, right away. I find it difficult to muster much sympathy for the CEO’s of Lockheed Martin and Goldman Sachs.

No matter what the president wants to do, most major changes in government programs would require legislation to be passed by Congress. Obviously, the election of a constitutionalist president would signal that our ideas had been accepted by a majority of the American public and would probably lead to the election of several pro-freedom congressmen and senators. Furthermore, some senators and representatives would become “born again” constitutionalists out of a sense of self-preservation. Yet there would still be a fair number of politicians who would try to obstruct our freedom agenda. Thus, even if a president wanted to eliminate every unconstitutional program in one fell swoop, he would be very unlikely to obtain the necessary support in Congress. FULL STORY

Fair Tax Plan or Judge Napolitano's Plan?

In spite of what the promoters of the Michigan Fair Tax tell you, things like,

"Everyone can't be a policy maker, and it is an American Fact that wide-sweeping changes can't happen overnight. One thing at a time, one step at a time. We got here through Progressivism, and if we are to get away from it, we must step back, one step at a time."

Or, "Take responsibility for your own previous apathy, and do something in united fashion now, letting fringe conservative arguments rest until another day!"

"While waiting for citizens to address their level of taxation, the FairTax will extract revenue from the economy in the least damaging way to the economy."

Well, Judge Andrew P. Napolitano disagrees with these statements. In his new book, and last night on Glenn Beck, Judge Napolitano said what we FRING CONSERVATIVES have been saying all along. "WE, the American people have the power to end the Income Tax and Get RID of the IRS. We don't need to "Step back, one step at a time." The Judge doesn't advise "Stepping back, one step at a time."

Where does this power come from? Take a look at Article I § 1 of your state constitution.

§ 1 Political power.
Sec. 1.

All political power is inherent in the people. Government is instituted for their equal benefit, security and protection.

How does a peaceful people take back their country and stop the government from stealing them blind and enslaving future generations? JURY DUTY.

If people knew and understood that a Grand Jury is an independent body of government and not under the control of the prosecutor, they would be demanding that the IRS provide the LAW that shows LIABILITY and not indict on a mere Penalty Statute as they do now.

If people knew their Power and Duty while serving in the jury box, they would know that:

The jurors have the power to ignore the court's instructions and bring in a not guilty verdict contrary to the law and the facts. Horning v. District of Columbia, 254 U.S. 135, 138, 41 S.Ct. 53, 54, 65 L.Ed. 185 (1920).

But they should not be told by the court that they have this power. United States v. Krzyske, 836 F.2d 1013, 1021 (6th Cir.), cert. denied, 488 U.S. 832, 109 S.Ct. 89, 102 L.Ed.2d 65 (1988); United States v. Avery, 717 F.2d 1020, 1027 (6th Cir.1983),
cert. denied, 466 U.S. 905, 104 S.Ct. 1683, 80 L.Ed.2d 157 (1984); United States v. Burkhart, 501 F.2d 993, 996-997 (6th Cir.1974), cert. denied, 420 U.S. 946, 95 S.Ct. 1326, 43 L.Ed.2d 424 (1975).

They should instead be told that it is their duty to accept and apply the law as given to them by the court. United States v. Avery, supra at 1027.

But, you don't have to believe me, get Judge Napolitano's new book and read it for yourself.

Lies the Government Told You: Myth, Power, and Deception in American History ORDER HERE

The Census Bureau Refuses to Answer About

Its Collection and Use of Personal Information

Liberal Delusions About Freedom

Contradictions

First of all, let’s talk about the economic system that existed in the United States from the inception of the nation to the latter part of the 19th century. The principles are simple to enumerate: No income taxation (except during the Civil War), Social Security, Medicare, Medicaid, welfare, economic regulations, licensure laws, drug laws, immigration controls, or coercive transfer programs, such as farm subsidies and education grants.

There was no federal department of labor, agriculture, commerce, education, energy, health and human services, or homeland security. There was no SEC, DEA, FEMA, OSHA, or EPA.

There was no Federal Reserve System and no paper money or legal-tender laws (except during the Civil War). People used gold and silver coins as money.

There were no foreign military bases and no involvement in foreign wars. The size of the military was small.

Now, I ask you a simple question: Does that way of life resemble even in the remotest way the way of life under which Americans live today? Of course it doesn’t, because the way of life under which we live today is precisely opposite to that under which our American ancestors lived. Today’s Americans do live under all those programs, departments, and agencies, and principles that were absent during the first 125 years or so of American history. FULL STORY

Detroit homes sell for $1 amid mortgage and car industry crisis

One in five houses left empty as foreclosures mount and property prices drop by 80%

Chris McGreal, in Detroit
guardian.co.uk, Tuesday 2 March 2010 19.45 GMT
Article history


Some might say Jon Brumit overpaid when he stumped up $100 (£65) for a whole house. Drive through Detroit neighbourhoods once clogged with the cars that made the city the envy of America and there are homes to be had for a single dollar.

You find these houses among boarded-up, burnt-out and rotting buildings lining deserted streets, places where the population is shrinking so fast entire blocks are being demolished to make way for urban farms.

"I was living in Chicago and a friend told me that houses in Detroit could be had for $500," said Brumit, a financially strapped artist who thought he had little prospect of owning his own property. "I said if you hear of anything just a little cheaper let me know. Within a week he emails me a photo of a house for $100. I thought that's just crazy. Why not? It's a way to cut our expenses way down and kind of open up a lot of time for creative projects because we're not working to pay the rent."

Houses on sale for a few dollars are something of an urban legend in the US on the back of the mortgage crisis that drove millions of people from their homes. But in Detroit it is no myth.

One in five houses now stand empty in the city that launched the automobile age, forged America's middle-class and blessed the world with Motown. FULL STORY

Ron Paul: Another Crisis is Coming!

Wed. March 3, 2010

U.S. lawmakers launch push to repeal NAFTA

(Reuters) - A small group of U.S. lawmakers unveiled legislation on Thursday to withdraw from the North American Free Trade Agreement in the latest sign of congressional disillusionment with free-trade deals.

The bill spearheaded by Rep. Gene Taylor, a Mississippi Democrat, would require President Barack Obama to give Mexico and Canada six months notice that the United States will no longer be part of the 16-year-old trade pact.

"At a time when 10 to 12 percent of the American people are unemployed, I think Congress has an obligation to put people back to work," Taylor said.

He argued NAFTA has cost the United States millions of manufacturing jobs and hurt national security by encouraging companies to move production to Mexico.

The high unemployment rate makes it the "perfect" time to push for repeal even though past efforts have failed, he said.

"You'll see the American people rally behind this, in my humble opinion," said Rep. Walter Jones, a North Carolina Republican who is one of about 28 co-sponsors of the bill. FULL STORY

Keiser Report №22: Markets! Finance! Scandal!

US: The next USSR

Ron Paul on CBS News: Fed Needs to Clear the Air on its History

Watch CBS News Videos Online

Squandering our children's future

Massive debt burden threatens to impoverish generations to come

By Ruth Mantell, MarketWatch

WASHINGTON (MarketWatch) -- My five-month-old daughter is going to have some serious financial troubles when she grows up, mainly because I'm already borrowing money from her.

Many parents like to at least try to transfer some of their own wealth to their kids. But not me, and not the millions of other moms and dads across the country. Unless we do something about our government's massive annual deficits and debt our kids could be paying dearly tomorrow for our spending today.

As debts rise so will interest payments, "and every generation of Americans is going to face a larger burden," said Edmund Mantell, my child's grandfather and a professor of economics and finance at Pace University's Lubin School of Business in New York. "We are borrowing from future generations. Instead of transferring our wealth to them, we are transferring their wealth to us."

The deficit has funded expensive wars and efforts to rescue the economy. As a parent, I'm worried that our spending has been poorly executed, and that incompetency and partisanship in Washington will hurt families stuck in a crippled economy.

Debt can be dangerous, as any credit-card holder whose future has been threatened by growing bills knows. We hope that future generations will be wealthier than us, but we may be standing in the way of economic growth. FULL STORY

I sent a Constructive Notice of Instruction to My State Rep.!!!

To all those people who don't believe that a Constructive Notice of Instruction produces results than read the very FIRST reply that I have receive from my so called Rep. Doug Bennett (D) in the 92nd District. I was beginning to wonder if Doug Bennett was even a real person as I have NEVER received any response form him before this. It's evident from Mr. Bennett's response that he does not support Parental Rights.

Perhaps Parents should form a UNION, then Doug Bennett would be more supportive of them.

Begin forwarded message:

From: "Doug Bennett"
Date: March 3, 2010 4:27:12 PM GMT-05:00
To: "Rose"
Subject: Re: Parental Rights House Concurrent Resolution

Dear Mr. and Mrs. Lear,

Thank you for letting me know your support for Rep. Joel Sheltrown's House Concurrent Resolution about parental rights. I appreciate hearing from you, but at this time I am not co-sponsoring the resolution.

Sincerely,

Doug Bennett
State Representative
92nd District


>>> Rose
"Dear Representative Bennett,

I am contacting you to INSTRUCT (Article 1 § 3 Michigan Constitution) that you become a Co-Sponsor of the Parental Rights House Concurrent Resolution that Representative Sheltrown will have on his desk on the floor of the House of Representatives today, Tuesday and Wednesday.

This resolution stands for Michigan's State interests by preventing ratification of the UN Convention on the Rights of the Child, which would transfer jurisdiction over family law from the state to the federal level.

The resolution also protects the traditional liberty of parents to direct the upbringing of their children, because that same treaty would take away parents' rights and make them merely agents of the state in raising children.

The Amendment being called for will also protect families from the shifting view of the Supreme Court pertaining to parental rights; as it is now, while states like Michigan continue to uphold traditional parental rights, the federal courts are less and less clear on what legal standard to use. The Amendment will adopt the same view our state now upholds.

The resolution will also communicate clearly to the U.S. Congress that Michigan cares deeply about the traditional freedom of parents, and that we want them to take appropriate action to preserve that freedom.
Could you please let me know by this Thursday that you have signed as a Co-sponsor?

With sincere thanks,

William & Rose Lear

Address

Phone

NYPD Officer claims pressure to make arrests

Wednesday, March 03, 2010

NEW YORK (WABC) -- An Eyewitness News investigation talks to a police officer who reveals the pressure they are under to make quotas.

When Officer Adil Polanco dreamed of becoming a cop, it was out of a desire to help people not, he says, to harass them.

"I'm not going to keep arresting innocent people, I'm not going to keep searching people for no reason, I'm not going to keep writing people for no reason, I'm tired of this," said Adil Polanco, an NYPD Officer. FULL STORY