"The essence of Government is power; and power, lodged as it must be in human hands, will ever be liable to abuse." -- James Madison - (1751-1836)


"We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force. " : Ayn Rand in "The Nature of Government"


"Throughout history there have been tyrants and murderers. And for a while they seem invincible, but always they fall. Always."-Mahatma Gandhi

Science may have found a cure for most evils; but it has found no remedy for the worst of them all -- the apathy of human beings: Helen Keller

The notion that a radical is one who hates his country is naive and usually idiotic. He is , more likely, one who likes his country more than the rest of us, and is thus more disturbed than the rest of us when he sees it debauched. He is not a bad citizen turning to crime ; he is a good citizen driven to despair.--H.L Mencken


"When even one American-who has done nothing wrong-is forced by fear to shut his mind and close his mouth-then all Americans are in peril" Harry S. Truman


"The power of the Executive to cast a man into prison without formulating any charge known to the law, and particularly to deny him the judgment of his peers, is in the highest degree odious and is the foundation of all totalitarian government whether Nazi or Communist."- Winston Churchill, Nov. 21, 1943


"When you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed: Ayn Rand - (1905-1982) Author - Source: Atlas Shrugged, Francisco's "Money Speech"

"Loss of freedom seldom happens overnight. Oppression doesn't stand on the doorstep with toothbrush moustache and swastika armband -- it creeps up insidiously...step by step, and all of a sudden the unfortunate citizen realizes that it is gone." ~ Baron Lane

U.S. Constitution - R.I.P.

Thursday, May 22, 2008

Megabubble waiting for new president in 2009 'Numbers racket' exposes potential disaster for economy, markets

A
RROYO GRANDE, Calif. (MarketWatch) -- Remember that big ah-ha moment in the 1939 classic "The Wizard of Oz?" Dorothy wants to see the Wizard. His voice booms: "Do not arouse the wrath of the Great and Powerful Oz! Come back tomorrow!" Afraid, Lion, Tin Man, Scarecrow shake. Dorothy's dog runs up, tugs on a curtain. She chases Toto, pulls curtain open: "Who are you?" Dr. Marvel stutters: "Well, I - I - I am the Great and Powerful, Wizard of Oz." Dorothy: "You are? I don't believe you!" He replies: "No, it's true. There's no other Wizard except me." Dorothy's miffed: "Oh, you're a very bad man!" Wizard: "Oh, no, my dear. I'm a very good man. I'm just a very bad Wizard."

2009 Sequel: Script exposes diabolical cover-up conspiracy Flash forward: Real life, Washington, new leaders, a new Congress, old wizardry. Be forewarned: No matter who's elected president, America will soon see a massive statistical curtain pulled back, exposing a con game of historic proportions. And when that happens, you and I will suffer another ear-splitting global meltdown, bigger than today's housing-credit crisis, dragging us deep into a recession and bear market for years.

Cast: New 'leading man' from old Nixon political machine Yes, the lead character pulling back the curtain is none other than Kevin Phillips, a former Republican strategist for Nixon, and today America's leading political historian. Phillips just published "Bad Money: Reckless Finance, Failed Politics & the Crisis of American Capitalism," everything you need to know about today's credit meltdown.

One of the things that is discussed in this article is the unbelievable way that inflation figures have purposely distorted by the government for years now...a subject that I have been following, and just one aspect of the smoke and mirrors which are used to hide the real economic condition of this country from the people. They cannot afford to clue us in, as consumer spending is the ONLY thing that keeps the elaborate facade intact. If you set aside the government propaganda and evaluate the facts and figures for yourself, you will realize very quickly that the US is bankrupt and we are in big trouble. Our economy is just a house of cards built on a shaky foundation of debt and worthless paper, like the layer upon layer of debt backed "securities" that are traded like currency....and the wind is picking up folks...the meltdown of those mortgage backed securities is just the beginning. The link to the entire article can be found in the title.

Posted by Melinda L. Secor at 9:30 AM

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1 comment:

Anonymous said...

Several years ago, having lunch with a friend, I spoke about how I longed for a world without money. Of course, I am naive. There are enough people who have malicious intentions, ingorance, and fear in large enough quantities to foul up the good intentions of the many. Maybe that's pessimistic, but it's how I feel. Eco-stats, including employment figures, are corrupt from way back. Under-reporting of unemployment stats. The use of Gross Product as a measuring stick on the general economic condition is just too vague to be meaningful. Too much negative is in the Gross Product number (health care, unhealthy products, et al). Phil

Thursday, May 22, 2008 at 6:58:00 PM CDT

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