The Establishment Keynesians, the D.C Intelligentsia statists, and Marxists-owned Mainstream Media are up in arms about Rick Perry’s comments on “The Benanke” and The Federal Reserve bank. Well, seeing that the aforementioned groups are the ones responsible for America economic woes and dire financial straits, the comment has merit.
Who suffers/loses from the Federal Reserve Banks QE actions:
American citizens through price inflation of goods and services
American citizens not provided interest on their savings
American small businesses utilizing debt to finance operations not given adequate access to low interest loans afforded to the Federal Reserve member banks
Americans indebtedness to the Federal Reserve Bank for the spread they make on buying up U.S. Treasuries with money created from thin air
Who benefits/profits from the Federal Reserve QE actions:
The Federal Reserve member banks given minimal interest loans to clean-up their accounting fraud
The Federal Reserve member banks given minimal interest loans to buy U.S. treasuries and profit from the interest spread
Well-connected American and multinational corporations to clean up their finances and to buy their own stock
Other world Central Banks so they clean up their accounting fraud and lend to their member banks to clean up their fraud, at minimal interest, and to buy U.S. Treasuries/other sovereign debt so they can profit from the interest spread
If you were looking for any sign of Tea Party protests in the Lamestream Media, forget about it. Unfortunately for Progressives, Socialists, and Marxists, wishing something doesn’t make it necessarily so. To the chagrin of these haters of Americanism, there were too many Tea Party Rallies to list. Here is a reminder to the left – the harder you try to destroy the Tea Party movement, the more steadfast our resolve to cure the American government’s fiscal insanity and snub out rabid Progressivism.
Rand Paul wrote a letter to his Congressional colleagues urging them to not extend the provisions of the unconstitutional, 4th amendment abolishing, and improperly worded Patriot Act. As it stands he held off a push to have it extended for three years or become permanent. His letter spelled out the acts Constitutional violations and asked his colleagues to act within the confines of the American Constitution they swore to uphold. Of course, one of Rand’s colleagues proved why he is no friend of American Freedom. Here is the quote from the Constitution-trampling, Joe Lieberman. Take it away Joe!
…there will be a full-fledged debate on it. That was what is discussed and that is okay with me. I support the Patriot Act as is. I think these three provisions are very sensible. There is no record that they have compromised everybody’s rights but there is a record that they have helped protect our homeland security.
Back to the real world. Here is the video and letter from Rand Paul.
Dear Colleague:
James Otis argued against general warrants and writs of assistance that were issued by British soldiers without judicial review and that did not name the subject or items to be searched.
He condemned these general warrants as “the worst instrument[s] of arbitrary power, the most destructive of English liberty and the fundamental principles of law, that ever w[ere] found in an English law book.” Otis objected to these writs of assistance because they “placed the liberty of every man in the hands of every petty officer.” The Fourth Amendment was intended to guarantee that only judges—not soldiers or policemen—would issue warrants. Otis’ battle against warrantless searches led to our Fourth Amendment guarantee against unreasonable government intrusion. Read the rest of this entry
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