The prayer asked for Blessing on all Little Ones & those yet to Be. We need to open our eyes and see. Lying is not legal, it is Fraud

Interesting times we are in.  Had Granddaughter's  First Birthday at Church today.  The prayer asked for Blessing on all Little Ones and those yet to Be.  We need that One to Lead us who will set us free.  That is what got Obama elected, riding the Wave.  The Truth will yet come. 

 

We need to open our eyes and see.  Lying is not legal, it is Fraud, no matter who does it, from the dog catcher to the President.  Isn't that right old media, makers of false realities to fulfill one's desires.

Ron Paul: Be Prepared for the Worst

The Alan Greenspan lower interest rates with employment allowed to drop freely bottoming out at 3% unemployment has done much to help put off what has been coming.  If we do not allow America to alter their tax structure to obtain manufacturing equity, we will not like the result.  FairTax please

 

R. George Dunn

 

Sent: Sunday, November 01, 2009 11:24 AM

Subject: [ronpaul-39] Ron Paul: Be Prepared for the Worst

 

Be Prepared for the Worst

Ron Paul
Forbes Magazine dated November 16, 2009

The large-scale government intervention in the economy is going to end badly

http://www.forbes.com/forbes/2009/1116/opinions-great-depression-economy-on-my-mind.html

Be Prepared for the Worst
Ron Paul, 11.16.09, 12:00 AM ET

Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession.

A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble.

Anytime the central bank intervenes to pump trillions of dollars into the financial system, a bubble is created that must eventually deflate. We have seen the results of Alan Greenspan's excessively low interest rates: the housing bubble, the explosion of subprime loans and the subsequent collapse of the bubble, which took down numerous financial institutions. Rather than allow the market to correct itself and clear away the worst excesses of the boom period, the Federal Reserve and the U.S. Treasury colluded to put taxpayers on the hook for trillions of dollars. Those banks and financial institutions that took on the largest risks and performed worst were rewarded with billions in taxpayer dollars, allowing them to survive and compete with their better-managed peers.

This is nothing less than the creation of another bubble. By attempting to cushion the economy from the worst shocks of the housing bubble's collapse, the Federal Reserve has ensured that the ultimate correction of its flawed economic policies will be more severe than it otherwise would have been. Even with the massive interventions, unemployment is near 10% and likely to increase, foreigners are cutting back on purchases of Treasury debt and the Federal Reserve's balance sheet remains bloated at an unprecedented $2 trillion. Can anyone realistically argue that a few small upticks in a handful of economic indicators are a sign that the recession is over?

What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years. As the housing market fails to return to any sense of normalcy, commercial real estate begins to collapse and manufacturers produce goods that cannot be purchased by debt-strapped consumers, the economy will falter. That will go on until we come to our senses and end this wasteful government spending.

Government intervention cannot lead to economic growth. Where does the money come from for Tarp (Treasury's program to buy bad bank paper), the stimulus handouts and the cash for clunkers? It can come only from taxpayers, from sales of Treasury debt or through the printing of new money. Paying for these programs out of tax revenues is pure redistribution; it takes money out of one person's pocket and gives it to someone else without creating any new wealth. Besides, tax revenues have fallen drastically as unemployment has risen, yet government spending continues to increase. As for Treasury debt, the Chinese and other foreign investors are more and more reluctant to buy it, denominated as it is in depreciating dollars.

The only remaining option is to have the Fed create new money out of thin air. This is inflation. Higher prices lead to a devalued dollar and a lower standard of living for Americans. The Fed has already overseen a 95% loss in the dollar's purchasing power since 1913. If we do not stop this profligate spending soon, we risk hyperinflation and seeing a 95% devaluation every year.

Ron Paul is a Republican congressman from Texas.

 

http://www.FireCongress.org 

http://www.FireCongress.Meetup.com 

http://www.wagthedog2010.com

http://www.endthefed.us 

http://oathkeepers.org 

http://FreePeopleOnTheLand.wordpress.com/ 

http://www.InfoWars.com  

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Do your part and forward this to everyone you know. WE THE PEOPLE are the new media!

"We have a greater moral responsibility to act than those who live ignorance. Once you become knowledgeable you have an obligation to do something about it."
www.campaignforliberty.com

If we do not allow America to alter their tax structure to obtain manufacturing equity, we will not like the result.  FairTax please

OIL (not a joke)

 

Sent: Sunday, November 01, 2009 7:09 AM

Subject: Re: OIL (not a joke)

And here we are wringing our hands,  buying,  making other countries rich so they can buy our land,   people out of work, losing the homes.  , need i go on.  I hope we do something before some country walks in and takes over our abundant country. Just why didn't the Bushes take steps to free our oil. We sure wouldn't be in this pickle. Turn off the T.V and turn on your minds.  Already A.B.C has given The White house full responsibility for the news. How about  reading the Drudge Report, instead???????????? 

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This is an important read. Also if I may add, about 6 months ago I was watching  a news program on oil and one of the Forbes Bros. was the guest. This is out of context, but  this is the actual question as asked. The host said to Forbes, "I am going  to ask you a direct question and I would like a direct answer, how much oil does the U.S. have in the ground." Forbes did not miss a beat, he said, "more than all the Middle East put together." Please read below. The U. S. Geological Service issued a report in April ('08) that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota ; western South Dakota  and extreme eastern Montana .... check THIS out: The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion. 'When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea..' says Terry Johnson, the Montana Legislature's financial analyst.     'This sizable find is now the highest-producing onshore oil field found in the past 56 years' reports, The Pittsburgh Post Gazette. It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' And it stetches from Northern Montana, through North Dakota and into Canada . For years, U. S. oil exploration has  been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves.... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!   That's enough crude to fully fuel the American economy for 2041 years straight.  2. And if THAT didn't throw you on the floor, then this next one should - because it's from TWO YEARS AGO! U. S. Oil Discovery- Largest Reserve in the World! Stansberry Report Online - 4/20/2006  Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?   They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates: - 8-times as much oil as Saudi Arabia - 18-times as much oil as Iraq - 21-times as much oil as Kuwait - 22-times as much oil as Iran - 500-times as much oil as Yemen - and it's all right here in the Western United States .   HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY ames Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post. Don't think 'OPEC' will drop its price - even with this  find? Think again! It's all about the competitive market place, - it has to. Think OPEC just might be funding the environmentalists? Got your attention/ire up yet ? Hope so! Now, while you're thinking about it ..... and hopefully P.O'd, do this: 3. Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you want to complain about gas prices--- because by doing NOTHING, you've forfeited your right to complain. -------- Now I just wonder what would happen in this country if every one of yousent this to every one in your address book. By the way...this is all true. Check it out at the link below!!! GOOGLE it or follow this link. It will blow your mind. http://www.usgs.gov/newsroom/article.asp?ID=1911%3E http://www.usgs.gov/newsroom/article.asp?ID=1911%3Ehttp://www.usgs.gov/newsro

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- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
- and it's all right here in the Western United States .