The Federal Reserve Bank continues to screw America into the ground

Here is the Fed chairs announcement:

The Story via CNN.COM:

NEW YORK (CNNMoney) — The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy.

The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air, as the Fed will re-evaluate the strength of the economy in coming months.

The Fed is wasting no time. The purchases begin Friday and are expected to add up to only $23 billion for the remainder of September.
The bond-buying policy “should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative,” the Fed’s official statement said.

Meanwhile, the Fed will continue its existing policy known as Operation Twist. Together the two programs will add $85 billion in long-term bonds to the Fed’s balance sheet each month.

Now what effect will this have on our money supply?

Ryan W. McMaken writing over at Lew Rockwell’s blog correctly observes:

The effect of this will be:

  1. Even less saving going on than is happening now. Why do the lending institutions need more liquidity? Because there are no real life loanable funds in the first place. No one is putting money in depository institutions, for example, because interest rates are at rock-bottom levels, but also because people have no excess money to save. So, the Fed is creating fake loanable funds through the purchase of the MBSs. Much of this will probably be newly-created money.
  2. It will maintain the focus on consumer spending rather than investment. The idea is to keep people spending on real estate. Thus, less will be spent on business investment.
  3. People will incur more debt.

We’ve heard for years from some incorrigible economists that what we need is the Fed to pump up the real estate market to get people spending again. Their answer is: more debt, more spending, less savings and investment.

This is what has been happening for years to no avail, of course, and the Fed is now just turning it up a notch. I’m sure recovery is right around the corner.

The definition of insanity/Keynesianism: Doing the same thing over and over and expecting a different result.

A-farking-men. This is what happens, when you elect the same very idiots, who screwed the housing markets squarely into the ground.  People that voted for this sort of Government, get exactly what is coming to them and the sort of Government that they voted for. Who the heck ever heard of printing money, that you do not even have to print? It is the textbook case of utter insanity.

I will say this; if Mitt Romney loses this election and the way recent events have turned out, he just might lose —- and this Nation goes into the crapper, because Conservatives and the Republican Party decided to pick a safe candidate. Then the Republican Party should be shut down for good and a new Conservative Party formed. Others have said it, I know and they are absolutely correct.

This stuff right here is the very reason why I hung it up with the Democratic Party and stopped voting for them and supporting them. I am not a millionaire or even someone with any sort of money at all. Hell, I have been unemployed for 8 damned years. However, I do know stupidity, when it see it; and it is on full display here.  Only insane people would do stuff like this, and try to rev up the economy. The solution is to let the free-market work and do its job, not stick a statist finger in it.

Also too; as much as I am not a big fan of weaving ads into my blog postings. I believe this one is important. This would be a good time as any to get into Gold, Silver and other metals. I deal with two companies that sell the stuff. Their banners are below and they both come highly recommended.

They are:


GoldSilver.com

and…:

Buying Gold

Current Prices:




It would be absoutely insane not to get into at least some sort of Gold or other precious metal investment.

 

Others: Michelle MalkinNewsyGuardianLewRockwell.com Blog and Real Time Economics — Blogger Roundup at Memeorandum.com

My Thoughts on the situation in Egypt and Libya

I remember seeing this news breaking early this morning, before I finally drifted off to sleep. I remember thinking to myself, “oh crap…” and thinking, here we go again, another situation in the middle east.

At first, I heard it was over a lamely produced Movie trailer, which was produced by someone claiming to be a Israeli Jew — who might not even be a Jew after all; then I hear it might be a coordinated attack in retaliation over the number 2 of Al-Qaeda’s being killed.

Meanwhile, an couple of Americans are dead today. Their bodies being drug through the streets in some God-forsaken Country. What does our President do? Act like some aloof jackass, who cannot be bothered with the situation.  As for Romney, he takes advantage of the Situation and points out that this President’s foreign policy has been a utter failure. In response, the media tries to portray Mitt Romney as not ready for Prime time. A typical tactic that was used on John McCain as well.  Not to mention the fact that the media is coordinating to try to tear down Romney in this election.

I could sit here and yowl on about this shows that America and Judeo-Christian Values are under attack by Islam and Muslims.  However, I believe most of you, that read this blog already know this. Whatever the cause of these American Embassies being attacked, it is a tragic thing.

However, as a Non-Wilsonian Conservative, allow me to float this idea. Could this be a piece of living, in color, proof that the United States of America ought to just withdraw from these Countries and not have American Embassies in those Country? Perhaps that this is one of the signs that America needs to stop kowtowing down to the United Nations and stop trying to be the world’s policeman. Perhaps we should stop getting involved in the affairs of other Nations. Perhaps we should being to restrict our immigration polices more and stop allowing a free flow of Muslims into this Country.

Perhaps we as a Nation need to take a second look at the practice of Islam and how it is intolerant to other Religion and to criticism; and possibly pass laws banning the Religion in this Country, on grounds it is threat to Nation security.  After all, this attack happened one day after the 11 year anniversary of the terrorist attacks in NYC and at the Pentagon, and Shakesville, Pa.

Again, is it wrong to ask such questions? I am not hating on any religion of any sort. I am looking at the protection of our Republic and all I really know, is that foreign citizens have killed Americans working abroad; this is unacceptable and something needs to be done. However, with the current leadership in the White House, nothing will be done, at all. Yes, I know, Military has been dispatched;  at this point, that is nothing more than window dressing and buttocks covering by the White House. The truth is, that once again, leadership in the White House has failed us.

This is why we must vote differently, come November.

Videos: Obama in his own words

I saw this over at HotAir.com and I thought I would share it here:

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Not that this is anything new really. I have been writing about this crap sack’s lies since 2007 on my old blog.

Here are some more of Obama’s lies:

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and they wonder why Joe Wilson said this:

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Welcome to reality Democrats! This is what you elected and what you are about to be stuck with, when he LOSES!

Vote for Mitt Romney, he might not be perfect; However he will tell us the truth — whether we like it or not. 

Drew Peterson guilty of first degree murder

This is good thing.

Video: (Via Fox News)

The Story:

JOLIET, Ill. – DEVELOPING: Jurors convicted Drew Peterson of murdering his third wife Thursday, capping a sensational, five-year legal saga that began after the swaggering former Illinois police officer’s fourth wife vanished.

Peterson, 58, sat stoically looking straight ahead and did not react as the verdict was read, but several of Savio’s family members gasped before hugging each other as they cried quietly in the courtroom. Illinois has no death penalty, and Peterson now faces a maximum 60-year prison term when sentenced on Nov. 26.

The trial was the first of its kind in Illinois history, with prosecutors building their case largely on secondhand hearsay thanks to a new law, dubbed “Drew’s Law,” tailored to Peterson’s case. That hearsay, prosecutors had said, would let his third and fourth wives “speak from their graves” through family and friends to convict Peterson.

Hearsay is any information reported by a witness that is not based on the witness’ direct knowledge. Its use at the trial could also be grounds for an appeal from Peterson.

Here is hoping this scumbag loses the appeal and spends a long time in jail.

Video: Alex Jones on Ron Paul’s campaign manager

I happened to have found this on Facebook.

I know what I said earlier about Ron Paul.

Alex Jones’s delivery and acting aside; the information is interesting.

Watch it:

http://www.youtube.com/watch?v=18PgaZzJDzE

I had heard about this before, but didn’t realize the extent of it.

Interesting indeed.

Video: Living proof that Bill O’Rielly is a big government statist

Check out Bill O’Rielly’s impassioned defense of big Government statism.

(H/T HotAir.com)

UPDATED: Another mass shooting, this time in Wisconsin

First Colorado, now this.

A mass shooting at a Sikh Temple in Wisconsin. Go Here, Here, Here, Here and Here to read all about it. (Via Memeornadum)

Via NBCNews.com, a detail that I am hoping like hell is wrong:

A temple committee member, Ven Boba Ri, told the Journal-Sentinel that people inside the temple described the shooter as a white male in his 30s.

“We have no idea,” he said of the motive. “It’s pretty much a hate crime. It’s not an insider.”

Ri told the Journal-Sentinel the gunman walked up to a priest who was standing outside the temple and shot him. Then he went inside and started shooting.

If this is even remotely true; we are so.very.much.screwed, when it comes to gun rights. It is over and we will have to wait to see if Mitt Romney wins or not and if the Republican take both houses. Because you know good and well; that the Democrats will enact strict Gun laws. It is that whole, “never let a crisis go to waste” thing.

Right now, prayers. Prayers for the victims, Prayers for the families —- and Prayer for our Nation. We’re about to lose it, if we are not real careful here. 🙁

Update: Via CNN: Video of witness describing what he saw:

Update #2: Round of blogs, right and left — covering this story: Washington Monthly, Guardian, The Lede, Outside the Beltway, The Moderate Voice, Los Angeles Times, The Raw Story, JOSHUAPUNDIT, ABCNEWS, The Hinterland Gazette, New York Magazine, Washington Examiner, Shakesville, BBC, The Other McCain, Wizbang, Scared Monkeys, Mashable!, American Power, Gawker, The Mahablog, Newsy, Taylor Marsh, The PJ Tatler, Blazing Cat Fur, First Draft and Booman Tribune, Newsy, The Talking Dog, Runnin’ Scared, The Hinterland Gazette and American Power, The Gateway Pundit, Guardian, Mediaite, Angry Black Lady Chronicles, The Raw Story, Joe. My. God. and ABCNEWS, Hot Air and Los Angeles Times, ABCNEWS and Crooks and Liars

Obama’s Liberal Fascists Kill Donald A. Perry Chick-fil-A’s Vice President of Corporate Public Relations

Yes, I am blaming Obama and his brown shirts. (Update: ….and if anyone does not like it, I think it is just too darned bad… everything is coordinated by this Marxist President, everything — including harassment.)

The story via WRBL-TV:

News 3 has learned that Donald A. Perry, the Vice President of Corporate Public Relations has passed away.

Ross Cathy, the owner of the Midland, GA Chick-fil-A and family member of company CEO, Dan Cathy, tells News 3, Perry passed away this morning from a heart attack.

Chick-fil-A Inc. relased the following statement:

We are saddened to report the news to you that our dear friend Don Perry, vice president of public relations, passed away suddenly this morning.

Don was a member of our Chick-fil-A family for nearly 29 years. For many of you in the media, he was the spokesperson for Chick-fil-A. He was a well-respected and well-liked media executive in the Atlanta and University of Georgia communities, and we will all miss him.

Our thoughts and prayers are with his family.

You can read all about the latest involving intolerant liberal fascists and Chick-fil-A, by going here and here.

Well, Liberals, pat yourselves on the back. You have reached a new level, with me at least. You have actually achieved the feat of driving a man to his grave, with your idiotic and quite fascist ways. Now, bask in the glory that is of murderers. It really should not be of any strange feeling; after all, your people on a daily basis commit the murder of millions of unborn children every year. So, this should not be any different really. The man disagreed with your worldview, and you drove him to his grave.

For the record, the so-called right does it too; namely to me. However, I never thought I would ever see the day, when someone would drop dead, because someone who owns a company dared to take a stand for Christian Morals and gets persecuted for it, even to the point of one his own company officers dying of a massive heart attack.

My friends, this, is the Neo-Left and this; is why I no longer vote progressive — nor will I ever again. 😡

The neo-left, which is represented by the Democratic National Committee; is not the party of Roosevelt or Truman — and is not even remotely the honorable party as referenced by Ronald Reagan. It is a totalitarian fascist party, that is a small wooden bridge’s width away from outright Communism. The sad part is, that is that it is taking American and its people with it.

This is why I continue to blog, even when my own people attack me. This why I fight against the Neo-leftist, Anti-Christian, Anti-Business. progressive menace. Because of stuff, like this here.

God Bless America.

Others: Michelle Malkin, Twitchy, Boing Boing, Outside the Beltway, The Daily Caller, Riehl World View, The Raw Story, Chicago Sun Times, The Hinterland Gazette, Washington Free Beacon, NewsBusters.org and Gawker Datechguy’s Blog, JOSHUAPUNDIT, Wizbang, Clayton Cramer’s Blog, National Review, Sister Toldjah Mother Jones Hot Air, The Huffington Post

Special Comment: When facts become passé

Unless you have been living under a rock somewhere, you most likely know about the tragic events that have taken place out in Aurora, Colorado on Friday June 21, 2012. The magnitude and scope of this horrific event have not even begun to settle in with the Nation, not to mention the world. The families of the dead are just now being notified, and the crime scene is still gone over by the police department and the FBI, ATF and many others. This horrific tragedy will forever be associated with this Batman Movie. Because of the tragic events in Colorado; no one, not matter who they are; myself included, will never be able to walk into a movie theater and feel safe ever again.

As many of you know, I once was a Democratic Party voter. I voted for that party from the time I was eligible to vote, until 2008. I am 40 years of age, so that should give you an idea of how long I have been voting. So, when I see someone who is supposed to be a respected movie reviewer, exploiting this horrific and tragic event to further his own political agenda — I have to wonder, has the left gone that mad?

I am of course, referring to Roger Ebert, of whom, at one time, I actually respected as a film reviewer — posting an opinion piece in the New York Times, which is supposedly the paper of record, on this event in Aurora, Colorado. In this piece, Roger Ebert condemns the right, condemns those who own guns, and dismisses the notion that anyone really should own a gun at all. This is typical boilerplate progressivism and liberal Democrat gruel from people like Ebert and I usually do not get bothered by such things.

However, when I see Ebert and people like him, actually resorting to the distortion of fact, I really have to wonder. Case in point, Ebert writes the following in his piece:

That James Holmes is insane, few may doubt. Our gun laws are also insane, but many refuse to make the connection. The United States is one of few developed nations that accepts the notion of firearms in public hands. In theory, the citizenry needs to defend itself. Not a single person at the Aurora, Colo., theater shot back, but the theory will still be defended.

Okay, this is where I actually have to correct a man, who is supposedly a respected writer and film critic. Here is the truth from the media:

Via USA TODAY:

James Eagan Holmes, 24, legally bought the four weapons he allegedly used. Police said he opened fire in a suburban Denver theater with four sold-out showings of the premiere of the Batman movie Dark Knight Rises. He was dressed head-to-toe in black bullet-proof gear, including helmet, vest, leggings and a groin and throat protector. He wore a gas mask, goggles, and black gloves.

You see, Roger Ebert omitted the fact that this man was wearing armor to protect himself from being shot at in the theater. Therefore, it would not have mattered at all, if someone would have shot back at him or not — that is unless someone was shooting armor piercing ammunition, which is generally not available to the public, unless someone happens to have an old stash of it. This is because of our over reactionary Government decided to outlaw those types of bullets after the North Hollywood Bank shootout that happened in 1997. This resulted in the outlawing of automatic assault rifles and armor piercing bullets. The ban on the assault rifles expired, but the ban on armor piercing bullets never did. This would leave someone unable to defend himself or herself against an attacker wearing body armor.

I do not believe this attempt to cover this little known fact up is an isolated incident. I believe as time goes on, the fact that he was wearing body armor is going to be buried by the media for a reason. The United Government does not want the American people to know that if someone in that theater, had been armed with armor piercing bullets, this killer could have, and would have been stopped dead cold in his tracks. Not to sound like an devotee of the “Alex Jones school for mental awareness” or anything; but, the fact is that we are living in a bit of a police state, where even the simplest of calls for things like domestic violence can get a swat team sent to someone’s house.

I believe this not to be an accident, our Government wants to have an upper hand on its citizens, and they are doing this by restricting access to those kinds of bullets. Because logic would tell one, that if an law enforcement officer knew that someone had this sort of ammunition, that they would be less inclined to perform some of the unconstitutional acts against the citizens of this Country that has been documented on various websites, including this one here.

This is what, we as Constitutional Conservatives, must fight against, the seizing of our freedom to own and possess a firearm. If left unchecked, laws that diminish our freedoms will be passed. If it were left to the “Liberal left” in this Country, we would be much like Europe, where there are no guns at all; and the only ones who own them would be criminals. This is our mandate going forward, even if Mitt Romney is elected, we must fight against those who would pressure the President to restrict gun ownership.

As Conservatives, we all know that love for this great Country of ours is imperative. However, blind, child-like trust of our Government is a futile mistake —– just ask Randy Weaver.