Ron Paul - The Financial System has Collapsed
This YouTube Video will give you all the information you need about why this is such a mess.
“Western central banks are and have been selling gold to pretend the dollar is stronger than it really is.”
Whew! This is some deep information.
Current account deficits are because of the fiat monetary system.
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Mitt Romney lashes out to Detroit -”suicidal course of declining market shares”
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Mitt Romney Auto Bailout
Finally, Mitt Romney “grew a pair” and lashed out at Detroit’s Big 3 CEO’s.
While one can sympathize with the auto industry’s problems, they are a prime example of EXACTLY what’s been going wrong in America’s job markets for years.
This according to the AP:
In an op-ed essay in Wednesday’s editions of The New York Times, Mitt Romney, a candidate for this year’s Republican presidential nomination, wrote: “If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.”
Romney, who was born in Detroit and whose father was an auto industry executive, wrote: “Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.”
Can you believe Mitt Romney said that?
Where was this fearless Mitt Romney in the Republican nomination? Where was this opinionated and strong willed individual when the Republican party was looking for direction?
Whew! Mitt Romney lashes out at Detroit for their inadequate business abilities and while you may or may not agree with his position - you have to respect that he actually said something strong without “flipflopping.”
This Mitt Romney is strong. America loves strong leaders.
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American people lose over $700,000,000,000 to Congressional Bailout Scam - (Yeah, sort of like that Oregon woman Nigerian Email Scam Fraud)
Okay, so here’s a story that has been “all the news” lately as FOX posted this story on Monday, November 17, 2008.
Scam - Who
According to Fox News:
SWEET HOME, Ore. — An Oregon woman who is out $400,000 after falling for a well-known Internet scam says she wasn’t a sucker or an easy mark.
Janella Spears of Sweet Home says she simply became curious when she received an e-mail promising her $20.5 million if she would only help out a long-lost relative identified as J.B. Spears with a little money up front.
Spears told KATU-TV about the scammers’ ability to identify her relative by name was persuasive.
“That’s what got me to believe it,” She said. “So, why wouldn’t you send over $100?”
Spears, who is a nursing administrator and CPR teacher, said she mortgaged the house and took a lien out on the family car, and ran through her husband’s retirement account.
“The retirement he was dreaming of — cruising and going around and seeing America — is pretty much gone for him right now,” she said.
She estimates it will take two years to clear the debt that accumulated in the more than two years she spent sending money to con artists.
Her family and bank officials told her it was all a scam, she said, and begged her to stop, but she persisted because she became obsessed with getting paid.
The scheme is often called the “Nigerian scam” and it’s familiar to many people with e-mail accounts. It still exists and it still works.
Spears first sent $100 through an untraceable wire service as directed by the scammers. Then, more multimillion dollar promises followed so long as she sent more money.
The scammers sent Spears official-looking documents and certificates from the Bank of Nigeria and the United Nations. President Bush and FBI Director Robert Mueller were also involved, the e-mails said, and needed her help.
They sent official-looking documents and certificates from the Bank of Nigeria and even from the United Nations, saying her payment was “guaranteed.”
But it wasn’t and now Spears is paying the price for her costly lesson.
“The hope is [other people] are not going to fall as hard as I fell,” Spears said.
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Funny Money Chuckypita
Now, isn’t that an ironic story? Some poor woman in Oregon fell hard as a scam against some Nigerian Bank. She believed it. All of it.
Compare that to the American taxpayers. We believe, and are taught, that it’s okay to give Congress $850 billion dollars. It’s okay to “bailout” the big banks and AIG’s of the world. After all, if these companies fall, then where will Americans work?
America is getting ripped off everyday from a fraudulent creditor - the Federal Reserve. Ms. Oregon’s $400,000 dollar loss was a pittance to what “ride” Americans are getting taken for with the way the fraudulent monetary system is in the United States.
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