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AIG Bonuses are Pure Subterfuge By Guest Blogger (Donna)

Written by guest blogger Donna

The American people are being distracted from the more important issues at hand by the AIG bonus fiasco. Hundreds of millions is just a drop in the bucket compared to the massive bailout programs being instituted by a government that no longer represents the people of this once great nation.

Who managed to write these enormous bills hundreds of pages long, and then submitted to our Congress with mandates from Nancy Pelosi, Barney Frank, Harry Reid, Christopher Dodd and our illustrious president to pass them immediately without careful consideration and discussion in Congress of the repercussions to our already fragile financial system? I submit that Congress had to rely on the “experts,” who are nothing more than lobbyists.

When the American people learned that AIG executives were receiving bonuses, which, frankly, they do not deserve, all of a sudden our politicians are up in arms scrambling to rectify a situation that they themselves created, by passing bills that they did not have time to read. Of course, they do not want to take the blame for something that has inflamed the ire of their constituents, so they have to undo what they have done by ignoring the constitutionality of contract law. Again, consider the repercussions to all contract law, and the impact of using taxes as a punitive measure.

AIG stands for American International Group, Inc. The operative word here, my fellow Americans, is INTERNATIONAL. Our TARP money is going to sustain other countries, to maintain our credibility in an international market. American needs must take a back seat.

Would you allow your favorite chef to perform your much needed brain surgery, or ask your third grade English teacher to fly you through a hurricane? Then why do you allow your politicians to manage your financial system when their skill set is primarily focused on getting reelected?

The more our politicians try to manipulate a financial system they do not fully understand, the more Americans will suffer. “Too big to fail” is nonsense in a capitalist society. Let the free market work, and we will get through this debacle more quickly as Americans, instead of experiencing a long, protracted depression as “internationalists.”


March 21, 2009 Posted by | General | 1 Comment

Zimbabwe or Bust!! By Guest Blogger (Donna)

Written by guest blogger Donna

It doesn’t take a Ph.D. in Economics to understand that printing trillions of dollars will devalue our currency. While we were blinded by the AIG smokescreen, Ben Bernanke decided to crank up the presses again while no one was watching. Americans have experienced a devaluation of their homes and investments, and the Federal Reserve seems hell-bent on making what little we have managed to salvage in currency valueless.

It is said that those who do not learn from history are doomed to repeat it. In July, it was estimated that Zimbabwe’s inflation reached 231,000,000%. This is not a typo; that is 231 million percent! Your calculator will not work on these percentages; you will need your computer to translate this type of inflation to the American dollar. The Zimbabwe dollar has lost all credibility as a trading currency, and if the Fed insists on keeping the presses running, we will be in the same situation. (Did I mention that the unemployment rate in Zimbabwe is 80%?)

Although I do not condone vulgarity to make a point, I have been known to make exceptions. I invite you to view a fellow American’s opinion of the Federal Reserve entitled F**k the Fed on YouTube –.

Start growing your own produce, fatten up your pets, and prepare your “Will Work for Food” signs. This is going to get ugly.

March 21, 2009 Posted by | General | 1 Comment

They Came For The Bankers – How Tyranny is Set in Motion


When the Nazis came for the communists,
I remained silent;
I was not a communist.

Then they locked up the social democrats,
I remained silent;
I was not a social democrat.

Then they came for the trade unionists,
I did not speak out;
I was not a trade unionist.

Then they came for the Jews,
I did not speak out;
I was not a Jew.

When they came for me,
there was no one left to speak out for me.

“First they came..”

I am no fan of Wall Street sleaze bags that through blind greed and corrupt alliance with Congress and Senate put this nation into a financial free fall but and this is a huge BUT there is grave danger in jumping on the band wagon and letting the Gov’t dictate salary and bonus for financial workers. To pass arbitrary confiscation laws that are unconstitutional is a grievance that should be roundly rejected by all. You could be next.

You see, the plan is to create this uproar over bonuses, you are supposed to get mad at the workers, it takes the light off of the real culprits, the Paulsons and Thains, the  Dodds and Franks, the CEOs and politicians that constructed this disaster from the top. Do not be fooled, do not be drawn into a tyrannical plan to limit or otherwise tamper with a citizens ability to earn or keep his or her money, to do so is to violate the basics of liberty. Sure, you may be angry with financial workers today and rightly so, but don’t let that anger stop you from seeing the bigger picture. The next worker to have his money confiscated arbitrarily by the US gov’t is you.

Please re-read the the poem.

Let’s not let history repeat itself.

March 21, 2009 Posted by | General | 1 Comment

Meet The New Boss – We Guarantee Chinas Assets – Or Else

On Friday, Wen called on the Obama administration to “maintain its good credit, to honor its promises and to guarantee the safety of China’s assets.” (full article)

Tax cheat Timmy Geithner, Helicopter Ben Bernanke and all of Obamas clowns now answer to the Chinese. Actually, so do we. You see in order to finance all the bailouts, stimulus plans, earmarks, wars and other assorted frauds it costs money. The solution for the US up until now has been to simply print more money. Money that wasn’t earned, money that wasn’t saved, money that wasn’t in the Treasury, just paper converted into money via the magical Federal Reserve and instruments known as Treasury Bills, essentially IOUs backed up by the full faith of the US Government (you).

So now we have the folks that bought up these Treasury Bills (IOUs) getting a little antsy about whether they will get paid back and some of these folks don’t play nice. So like any other debt collector they will begin to dictate behavior. The only upside to the situation is that China and other creditors may force Bernanke, Congress and the Administrations hand and tell them to “Hold the Presses”, to quit making magic money. Or else.

March 13, 2009 Posted by | General | 3 Comments