BS Bernanke doing his thing on 60 Minutes again....

Luckily for me, I was enjoying a delicious crab dinner in Maryland during Ben Bernanke's interview on 60 minutes this past Sunday night, so I missed it.

 

John Stewart supplied the exact same cynicism that I would have if I had watched it- this is very funny:

 

http://www.thedailyshow.com/watch/tue-december-7-2010/the-big-bank-theory

 

Summary: 

• When the Fed creates dollars to bail out the banks, that is printing money (from 2009 interview)
• When the Fed creates dollars to buy Treasuries in the open market through it's primary dealer, that it not printing money. (from 2010 interview)

 

So, it goes like this. If the purchase flow is:

 

Treasury --> open market --> primary dealers --> Fed  

 

Then the new dollars that bought the treasuries were not "printed". HOWEVER, if the purchase flow goes:

 

Treasury --> Open Market --> Fed

 

then the new dollars that bought the treasuries ARE "printed" and that's a no-no...

 

You have GOT to be kidding me.

 

The bottom line kids is whenever the Fed issues dollars to credit the account of ANYONE without adjusting the equivalnet amount by marking down or selling assets on the other side of the balance sheet, then the Fed is printing money- Period; and creating new dollars depreciates the value of all existing dollars and the result is a loss of purchasing power. End of discussion.

 

I would love to interview Ben Bernanke. 

 

There is only one safe place for your savings for the immediate future- and that is hard assets that can not be created without work. If it can be denominated in anything that can be created without work, then it will depreciate in value.

National Security? Nope. It's pure BS, People

The DHS, TSA, ATF... the SS, Gestapo, and the Brownshirts.

All were implemented in the interest of preserving the peace and keeping the citizenry complacent by taking a hard stand against unrest and nonconformity.

To hear the Progressives tell it, today's airport body scans and invasive personal searches are a necessary part of maintaining "National Security".

False. These measures are being implemented as part of a continuing effort to condition people toward submitting to a false authority.

The intellectually elite knows that a free person will abrogate their freedoms if the right crisis scares them adequately into doing so.

Airport body scans, uniformed security agents- none of this is about national security. There is simply no such thing as national security. For the nation to be characterized as secure, there must be an equally valid opposite condition- ie: an "insecure nation"

DHS and TSA were formed following 9/11/2001. Apparently, following that event, some group of power hungry sociopaths decided that our nation was at risk of becoming "insecure", but they never adequately explained exactly HOW our nation was is trouble; they just started enacting more oppression against the lawful and the fearful.

I will contend that following 9/11,  our nation was not only not insecure, but was actually the strongest and most secure it had been since WWII. People came together, united as Americans under a common flag. Skin color, social status, all became irrelevant as people re-affirmed themselves as Americans.

The idea that the nation needed more police agencies to enforce greater internal security was, and still is, completely bogus. The reality is that the crisis offered those who crave power over others the opportunity to make a move, and they made it...

And now we all stand in 45 minute lines in airports all over the country- waiting our turn to have our basic dignities challenged by someone whose only real sin is that they willingly choose to wear a uniform and follow the orders of a constutionally invalid agency...

I'm beginning to feel about as safe as the average German citizen circa 1939.

A Huge Thumbs Up For Oath Keepers

I have one real regret in life (as opposed to many minor pseudo-regrets :-)

I regret that I never served in the military. I come from a family where all the men in the generations prior to mine served their country. My father, my uncles, my grandfathers- all are Veterans.

But not me. I'm a spoiled college puke. Ok, granted, I paid for a sizeable percentage of my education myself (I have 3 degrees- two of which I financed completely on my own) - but I admit- I'm still spoiled.

Now, I have a myriad of excuses for why I never enlisted, ranging from "I was already in college when Desert Storm got underway" to "I spent the entire decade of my 20's (and a sizeable percentage of my 30's) in school. 

So why the personal regret, you ask? Simple- I never got to swear an oath to defend our Constitution before God and my brethren.

Many in the military probably live their lives in blissful ignorance of the real underlying power of that pledge.  

It's pretty long, but you have got to read this article about Oath-Keepers:

http://www.thedailybell.com/1541/Oath-Keeper-Stewart-Rhodes-on-the-Rise-of-Authoritarianism-and-How-US-Law-Enforcement-Can-Take-a-Stand-for-Freedom.html

I was intrigued by some of the under-currents in the interview- such as how many people have formally signed up with Oath Keepers as opposed to how many might simply hold similar values but are unwilling to associate themselves by signing up with a centralized group (I would certainly fall into the 2nd category if I were in law enforcement or the military)

I salute everyone who has served, or are serving today, and are making the effort to understand that which they are sworn to defend, and are solidifying their personal conviction and their lack of willingness to blindly obey unconstitutional orders...

and even though I've never worn a uniform to work- I will stand by my neighbors to defend the Constitution as if I had.