Two Rotten Financial Apples
There are two things wrong with the economic structure in the United States. The two major organizations have the mandate to ‘adjust’ factors which effect the US economy in the effort to maintain stability, prosperity and growth of the US economy.
The first is the Federal Reserve Board. A previous post details the ‘quantitative easing’ strategy. This has been a complete failure. As the previous post suggests, it seems that almost everything that the FED does is ineffectual at best and more likely disastrous. I have no idea how much money Goldman Sachs makes selling Treasury bills to the FED, but how can this continue? Is the purpose of the FED to enrich those at Goldman Sachs, I hope not. Then FIX it.
The second is the Treasury Department of the Federal Government. Currently the banks are allowed to ‘borrow’ money from the Treasury at almost 0% if not 0%. The banks are not restricted from using these funds to buy US Treasury bills which yield much higher than 0%. Guaranteed money for the banks. Now the point of making these funds available to the banks is to ensure liquidity and to assist in the commercial flow of funds by making loans available to business etc. Is Congress really this stupid? Bankers are not famous for their largesse or charity. Why would they take a risk when they can guarantee a profit? My only answer is by charging a very high interest rate and loaning only to businesses which are overly secure. Are those two actions why the Treasury makes the funds available? I hope not. Then FIX it.
Democrats Love Europe
Several months ago Greece experienced very harsh economic realities. Because of the common currency used in Europe, the rest of Europe felt the ripples of the Greek difficulties. Later it was Spain, Portugal and Italy. Now it is Ireland. Basically, the welfare estate in Greece has grown beyond the ability of the Greek economy to support it. The story is pretty much the same throughout Europe. With paid holidays, paid retirement, paid health care, paid education for everyone, … the general population has lost its motivation to work at all. Plus they are so entrenched in the welfare estate that it is now a right not a privilege.
What is amazing is that the Greek population is angry with their government for this predicament. The government gives the people what they want. Government cannot pay for all of it and eventually goes broke. People do not support cut backs on their paid holidays, paid retirement, paid health care, paid education for everyone, … Welcome to nanny state land. Accountability has been erased from their dictionary.
By the way, if Greece and most of the European countries has such ideal living conditions, then why is the net population movement from Europe to the USA?
The Democrats love Europe. Obama loves Europe. His changes for the USA are toward the European model for society. I have a suggestion for Obama and his Democrats – emigrate to Europe. Stop trying to change the very fabric of our country.
Does any understand the Napoleonic Code? Something about guilty until proven innocent I think …? We should try that one with our Congressmen and Senators.
If you love the European model, then be my guest. File papers. Move to Europe. I wish you only prosperity and good luck in your new home.
Health Care and Europe
How many times have we heard the praises of the French and other European health care systems? Every time we started to object to the cost and typical inefficiency of government operations, the Democrats trotted out how cheap and efficient the national health care is in Canada, England and especially France and other European countries.
I do not have the statistics and I do not know if they are even available, but I would love to know how many people travel to one of the socialistic countries for their health care. Then I would like to know how many travel from the rest of the world to the United States for specific health care issues.
You may be a Muslim if …
Jeff Foxworthy … You may be a Muslim if …
1. You refine heroin for a living, but you have a moral objection to liquor. You may be a Muslim
2. You own a $3,000 machine gun and $5,000 rocket launcher, but you can’t afford shoes.. You may be a Muslim
3. You have more wives than teeth. You may be a Muslim
4. You wipe your butt with your bare hand, but consider bacon unclean. You may be a Muslim
5. You think vests come in two styles: bullet-proof and suicide. You may be a Muslim
6. You can’t think of anyone you haven’t declared Jihad against. You may be a Muslim
7. You consider television dangerous, but routinely carry explosives in your clothing. You may be a Muslim
8. You were amazed to discover that cell phones have uses other than setting off roadside bombs. You may be a Muslim
9. You have nothing against women and think every man should own at least four. You may be a Muslim
10. Your cousin is president of the United States . You may be a Muslim
11. You find this offensive or racist and don’t forward it. You may be a Muslim
Earmarks
What is McConnell thinking? This is the type of leadership that the Republicans cannot afford. How can he hesitate in eliminating earmarks? The citizenry has spoken. Out with the old, in with the new. No more politics usual. Even after this significant election result … he withheld his support from the elimination of earmarks. Earmarks, probably the poster child of old style politics. HOT AIR link below comments on his reversal to a TEMPORARY support of earmark elimination from federal budgets. Gee thanks.
Quantitative Easing II
A major policy of the U.S. Federal Reserve is Quantitative Easing. Already dedicated and spent is $2,000,000,000,000. That’s right trillion. Ben says let’s belly up to the bar for another $600,000,000,000.
Finally an explanation of The U.S. Federal Reserve which is understandable. Click the UTube link below. Thank you Garnet.
Perhaps we should buy some more Goldman Sachs stock. No, all the profit has already been taken by the insiders as usual.
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