Over the past few months, against my normal behavior, I have become increasingly likely to contact our local elected officials when issues under their consideration warrant such comments, encouragement or correction.

As a result, I thought I would share with each of you, some of the communications which I have directed to US Senator Saxby Chambliss’ (R-GA) office regarding the bailout bill.

Now, I am quite sure that I have better odds of being abducted by aliens, winning the lotto, or being struck by lightning 10 consecutive times on a sunny day than of having one of my messages actually reach Senator Chambliss’ desk. (Amazingly Senator Chambliss has responded, the response and my response to his response are at the end of this article) All this aside, I would like to share with you the comments I have entered into the form on Senator Chambliss’ web site. Read the rest of this entry »

Thomas Jefferson warned us many years ago, “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks … will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

In light of last week’s announcement by US Treasury Secretary Henry Merritt Paulson, Jr. where we were informed that the Troubled Asset Relief Program (TARP) which Congress passed with $350 billion in initial funding and a proposed $350 billion extension in funding, totaling $700 billion would not be implemented in the way Congress was told. While such news should not surprise the average reader of this blog, what will surprise you is what the US Treasury knew and when they knew it. Enter Karl the Ticker Guy, a civilian watchdog and financial guru whose latest video shows the US Treasury has lied to the US Congress and to the American people.

Normally, I would not write about such an item as I am today, however; these indeed are strange times. Perhaps the best way to preface this is to suggest that everyone reading should by now have their tinfoil hats properly affixed.

This weekend, the G20 member nations will be gathering in Washington, D.C. The G20 is comprised of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom and United States, or basically put, the world’s largest 20 economies.

During the Great Depression, an executive order was issued by then president, Franklin Delano Roosevelt. Executive order number 6102 forbid the hoarding of gold coins, bullion and certificates. Those holding gold were required to deliver all gold they owned to the Federal Reserve by May 1, 1933.

By now, you’re wondering why I mention this, however; this is just the beginning of what happened. Furthermore, it serves as a historical precedent for what could happen now if the economy declines too far or the government needs to pay its debts in short order. Read the rest of this entry »

Back on October 22nd, 2008 I made an ominous prediction, that within 4 years the US Government would bankrupt itself. After reading the news sites that I usually check this morning, and following a few links, it appears that I am not alone in my thinking. Consider the following video, which was made before the economy began to recede:

Of course, this is not my only source for this morning’s writings. Seems we have some additional elements, both economic and social which are pushing us even faster toward the precipice of utter financial ruin and a federal bankruptcy. Read the rest of this entry »

It’s long been said that 70% of all accidents occur within 1 mile from your home. I suspect the remaining 30% happen in voting booths. Tomorrow is the day, one thing is for sure, about half of us will be disappointed and the remaining half, hopeful that our candidate will keep their promises.

Polittering will be another problem once again this year. A politter bug is someone who puts political signs up and does not remove them after election day. At least that is how I define it, although since I am a bulldozer (someone who sleeps through political speeches) you may want to check Webster’s to be sure.

All joking aside, perhaps the greatest tragedy of this voting season is the lack of a quality choice. Considering both candidates voted for the $700,000,000,000.00 bailout bill, neither can say they are pro-free market economy or concerned with fiscal responsibility and a reduction in deficit spending. I fear voting this time is nothing more than an act of selecting the candidate likely to do the least amount of damage to our country and its economy. Moreover, the actual voting process itself is suspect due to the lack of secondary accounting means. For example, how do you perform a recount on a system where only the machines are used? Read the rest of this entry »

These numbers come from 1998. I doubt this organization will have improved itself much by now. In fact, in recent months this organization has spent over a trillion dollars, all of them borrowed of course.

Can you imagine undertaking any business venture or allowing the following business members to have partial or full control over the things in your life? Read the rest of this entry »

Some of you have been reading my blog entries recently regarding my thoughts on the economy and my opinion of our government’s actions regarding borrowing money for the purpose of bailing out their friends on Wall Street.

While I have indeed been suggesting the cost of the bailout would exceed $700,000,000,000.00 (700 Billion), I had not expected it to happen so soon. Currently, adding all of the Federal reserve efforts, the efforts of the Federal Deposit Insurance Corporation, and others in the government arena, I can report to you that my running total is now estimated at $2,960,000,000,000.00 (2.96 Trillion). Read the rest of this entry »

So I’ve decided to take an afternoon off to do some research. I decided to read all 451 pages of the bailout bill passed last night by the Senate. Having done this, I would like to reaffirm my displeasure at our government for even trying to pass this behemoth. The cost of the bill now is around 800-850 billion dollars. Consider the following items which I found in the bill (Complete details appear toward the bottom below the one-line summaries): Read the rest of this entry »

Albert Einstein once said, “No problem can be solved from the same level of consciousness that created it.”

While sitting in line waiting for gas, the thought occurred to me that this concept also applies to Government and Financial sectors. With all of this in mind, I have come up with a new idea for a better bailout. Consider the following: Read the rest of this entry »