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:

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.

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.

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:

and…:

Current Prices:

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

Others: Michelle Malkin, Newsy, Guardian, LewRockwell.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:

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:

and they wonder why Joe Wilson said this:

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.

UPDATED BIG TIME!: Video: Former Michigan Governor Jennifer Granholm’s DNC Speech

Drudge called this a “meltdown” and AllahPundit mocked it.

The Video:

Okay, first off, it is quite obvious that she was trying a wee bit too hard. However, I disagree with both of these opinions. ~~What you were possibly seeing here, is a dress rehearsal for 2016.~~ I mean, Jennifer Granholm is still young, she still has mass appeal; well, everywhere, but here in Michigan, of course. S~~he could have very well been testing the waters for a run in 2016~~. She did rev up the crowd. (Sorry.)

The problem is, the Lady has baggage. Her tenure here as a Governor was an utter disaster. She just did not know how to Govern the State of Michigan, and she also did not know how to deal with the Republicans. However, seeing how low the bar has been set in the Democratic Party; ~~she could make a good candidate in 2016.~~ By then, most people will have forgotten her negatives and will only remember her positives.

Heck, if Obama loses and Romney is the winner and his plans for America fail, the Democrats do have someone to go to. I mean, I am being sarcastic; but the Democrats have done this before — I mean, run an unelectable candidate. (Remember John Kerry?) Again, it is setting the bar quite low. However, I would not rule it out.

Just my thoughts.

UPDATE: D’oh!

I totally forgot. Granholm is from Canada, as in being born there. She can never be President. I confess, I totally forgot about that, when I wrote this. Oops! 😳 Nonetheless, it is a rather funny video.

Video: A Better Future

http://www.youtube.com/watch?v=M6rJSqVEmmY&feature=colike

The funny thing is, the best that the liberal controlled media could do, is point out that Clint Eastwood was not in the video. How lame. 🙄

Vote for and support Mitt Romney and really stick it to the Liberal Media establishment!

Irony of the Day

Oh the Irony here!

It seems that Jonathan S. Tobin, is not too happy that someone dared to tip a sacred now and actually write something critical of Ronald Wilson Reagan.

Check it out, the first paragraph:

There is a longstanding tradition on the political left to attack contemporary conservatives by comparing them to the right’s leaders in the past. That means that Republicans who were reviled by liberals during their lifetimes are sometimes treated kindly in retrospect because it serves the political purpose of diminishing the reputations of their successors. But in some precincts of the left, bashing Ronald Reagan never goes out of style.

via Smearing Reagan Never Goes Out of Style « Commentary Magazine.

Here is where the irony is at, this Magazine will go out of its way to defend Ronald Reagan; but has absolutely no problem smearing Ron Paul at all. However, considering whom this magazine caters to, this should not be a great surprise at all. However, the irony is not lost, not on this American Conservative. Again, let me clear; Ron Paul was not perfect and no saint, not in the least. However, when one posts complaints of smearing, when one’s publication smears a true-American patriot; one must be held accountable for those actions.

Not to mention, it is quite funny to point out. 😆

Jobless claims revised up (again)

The Weekly Standard notes that jobless claims have been revised up and makes the following observation:

Americans need to work and not merely to pay the bills. They define themselves by their work and take pride in their work and in doing a good job. “I can outwork anyone,” is a common American boast. John Henry vowed he could drive more steel than a steam engine and he “died with a hammer in his hand.” The government can hand out unemployment checks but even if they cover the bills, it isn’t the same

Mark this on your calendars, because this is the first time that this non-wilsonian conservative will say of the wilsonian Weekly Standard; and that is they hit it out of the ballpark on this one here.

Of course, it would intellectually dishonest of me to not remind them and my readers that we are in this mess because of the idiocy of BOTH PARTIES. With Bush’s wars and Obama’s idiotic keynesian spending; it is a wonder that were not living in subjugation to China now.

So, yeah, that’s the reality of America and its my reality for the last eight years.

Chuck Baldwin minces no words about Paul Ryan

I have to like Chuck Baldwin, he does not mince words:

It has happened again. We go through this every four years, and every four years the vast majority of “conservatives” fall for it. This is such a broken record. What did Forrest Gump say: “Stupid is as stupid does”? And wasn’t it P.T. Barnum who said, “There’s a sucker born every minute”? Well, here we go again.

Neocon RINO George H.W. Bush picks “conservative” Dan Quayle. “Conservative” G.W. Bush picks neocon RINO Dick Cheney. Neocon RINO John McCain picks “conservative” Sarah Palin. Now, neocon RINO Mitt Romney picks “conservative” Paul Ryan. As long as there is one “conservative” on the ticket, mushy-headed “conservatives” across the country will go into a gaga, starry-eyed, hypnotic trance in support of the Republican ticket. I’m convinced that if Lucifer, himself, was the GOP Presidential candidate, he would get the support of the Religious Right and Republican “conservatives” as long as he selected a reputed “conservative” to join his ticket. And, by the way, the notable “conservative” wouldn’t think twice about joining such a ticket, either, I’m convinced.

Let’s just get this on the record: since 1960, there have only been two Presidential nominees (from the two major parties) who were not controlled by the globalist elitists. One was a Democrat, John F. Kennedy; the other was a Republican, Ronald Reagan. Kennedy was shot and killed; Reagan was shot. Every other President, Democrat or Republican, has been totally controlled, which is why none of them have done diddly-squat to make a difference in the direction of the country. On the issues that really matter, Mitt Romney and Paul Ryan are just more of the same!

via Chuck Baldwin — Paul Ryan: More Of The Same.

He goes on to say that Ron Paul is the only one; and I disagree with that. However, I will say this; he is right about Romney and Ryan. Which is I am voting for:

Goode/Clymer in 2012

He will not win the election

But voting for anything else is simply Anti-American

Click here to Donate

Whoa: MSNBC’s Toure actually apologizes for being a racist nitwit

I am actually a bit shocked about this one.

The video: (Via Mediaite)

He is, of course, referring to the word “niggerization” that he used to describe Romney’s campaign, something that I responded to yesterday. Apparently, The Romney campaign reached out to the suits at NBC and told them they were not to happy about the comment. Hence, the apology.

Well, it’s a start.

Dear MSNBC: Obama is engaging in the ‘niggerization’ of America

Yes, I said that and do please, quote me on it.

Video: (Via Mediaite)

Via Mediaite:

Touré didn’t just say that – he said that Romney was “using the playbook Republicans have been using for decades now.” In other words, Republicans have been involved in so-called “niggerization” for decades.

This is disgusting. It’s a lie, and what’s more, it waters down racism to the point where anything qualifies – and to the point that real racism isn’t taken seriously anymore. According to Touré, it’s racist to suggest that Obama is the “food stamp president,” even if he’s elevated food stamp usage to record levels; it’s racist to call him angry; but it’s not racist for Joe Biden to suggest that freeing Wall Street will put black people “back in chains.”

Only MSNBC would put a fool like Touré on the air every night. And only the racially extreme left would consider Touré an eloquent spokesperson for their perverse views.

Okay, now I am going to say what Ben did not have the room or even the heart to say up there in that quoted text above. As a white man, who has been unemployed for the last eight goddamned years and has watched as family members, friends and neighbors of mine lose their jobs, their homes, and their dignity over the last eight years —- of which Obama has been in office for almost four years of that time. Let me say that I have watched as Obama has engaged in the ‘niggerization’ of America.

I have watched as President Obama bailed out Wall Street and left people on Main Street to suffer. I have watched as Barack Obama went out of his way to protect failing companies like General Motors and Chrysler (READ —- UNIONS!) — Which are headed for bankruptcy again —- and then not do a goddamned thing for non-union working class folk —-like myself.

The fact is that unemployment is up, food stamp enrollment is up, social security enrollment is up and the Nation’s GDP is down, manufacturing is down and economy is just goddamned awful. Whose fault is that? It is President Barack Obama’s fault. If Barack Obama had just left the economy alone, it would have been just fine and would have recovered. However, no, he spent like a drunken sailor and now this Country is $15 TRILLION dollars in debt and what do we have to show for it? —– Not one goddamned lousy thing except for the debt itself. Oh, we got something all right, a lousy goddamned healthcare bill that utterly robbed Medicare!

So, if the liberal Democrats want to talk about ‘niggerization’ of anything, I suggest they look in the goddamned mirror and also take a look in the White House and look real close at what the “magic negro” that they elected to the office of President of the United States is really doing! Because I tend to suspect that, these clowns are just plain damned clueless.

This is what the Democrats have left, their leader has failed, and his reelection is in jeopardy. They have nothing left in their bag; —- except for class and racial warfare. This will cost them dearly too. Because Independent people are going to see this and they are going to run away from it. Racial resentment is a turnoff to most people.

This is not what Martin Luther King Jr. taught; this is the sort of thing Malcolm X preached and practiced. It was wrong then and it is wrong now. This is why Martin Luther King Jr. has a monument in Washington DC and Malcolm X does not. Because preaching this sort of division does nothing to advance the black cause, all it does is cause hate and resentment. It used to work in the 1970’s and even in the 1980’s. However, I tend to believe the Americans, even black Americans, are just a little smarter than that anymore. They are tired of the division and the warfare and just want to get along with everyone. I mean, blacks can go to Selma, Alabama now and eat, shop and sleep about anywhere they want to there now.

Therefore, to MSNBC and this Toure character, I say this: Your racial resentment and “the evil white man” magic act are getting a bit stale. I think it is time you found a new script and some new talking points. Because smart Americans, like me, see right through this and reject it wholeheartedly. By that, I mean; Black Americans, White Americans, Latino Americans, and every other goddamned race of Americans too. All Americans see right now is the fact that there are no jobs, and that they have no money and huge bills and mortgages that are underwater — and the best thing you idiots at MSNBC can do is play the race card? My God —- has defending hope and change gotten that bad?

In closing: ‘niggerization’ —- Nigga please! You idiots do not even know the meaning of the word! 🙄

Others: Power Line, The Gateway Pundit and Washington Post, The Gateway Pundit, We are respectable negroes, The PJ Tatler, The Daily Caller and Riehl World View (Via Memeorandum)

Update: Toure apologizes