Current Interest Rates

By libertees on Mar 14, 2009 | Reply

But Obama and Hillary want to give people free houses. That will defiantly help home values.

By Believe What You Want on Mar 14, 2009 | Reply

The FED is not government is private and that, opposed to your point, is the problem.

By Bush Sucks! on Mar 17, 2009 | Reply

I agree with you 100%!!

I am a natural-born (NOT my choice!) US citizen, and I HATE, ABSOLUTELY DESPISE Bush, and this ENTIRE SYSTEM of government and the way that it has deteriorated since 1913.

Clinton left us with a MASSIVE budget SURPLUS, while in just 8 years in office, Bush the Bozo, has created a 9 TRILLION dollar national debt, which will take us SEVERAL GENERATIONS to pay off!!

The sad thing is, that this whole mess of massive budget deficits, and TRILLIONS of dollars of national debt have been ENTIRELY created by greedy money-grubbing politicians who think nothing of frivolously wasting BILLIONS of dollars on NEEDLESS wars, gold toilet seats, lavish government parties, and worthless bureaucratic agencies like the IRS, the Federal Reserve, ATF, DEA, ICE, FBI, HUD and the rest of the alphabet soup who do nothing but bleed taxpayers of their hard-earned money.

We need to go back to the system of government in the US BEFORE 1913 when there was NO Federal Reserve, NO IRS, nor any of the other bureaucratic government departments that citizens pay for through numerous taxes.

Americans are so busy working to pay taxes from birth to death for everything under the sun, that they have no time, energy, or money to attain the American Dream.

It is NOT like that in other countries such as Belize, Panama, and many others, where there is NO income tax, no estate taxes, no capital gains tax, etc.

It was also not like that in this country before 1913.

That was when Congress set up the Federal Reserve, and the Internal Revenue code. From that point on, government started getting GREEDY, and the number of taxes increased EXPONENTIALLY.

I mean, name almost ANY tax we have today, and chances are that it did NOT exist 100 years ago.

Seriously, look at all the taxes that we currently have to pay:

Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel permit tax
Gasoline Tax (42 cents per gallon)
Hunting License Tax
Income Tax
Inheritance Tax
Interest expense
Inventory tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road usage taxes
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft registration Tax
Well Permit Tax
Workers Compensation Tax

Not a SINGLE ONE of these taxes ever existed 100 years ago, and our nation was the most prosperous in the world.
We had absolutely no national debt, we had the largest middle class in the world, and Mom was able to stay home to raise the kids and as a result, kids weren’t on the street joining gangs, getting pregnant, and shooting up their schools!

ALL the problems started when government created the Federal Reserve and the IRS.

The Federal Reserve creates inflation when it issues US dollars backed by government debt. Since 1913, when the Federal Reserve was created by Congress, US money has lost 96% of its purchasing power due to inflation. The more “money” the Federal Reserve creates – the less that Federal Reserve “money” will buy.

From 1913 to 2001 the national debt grew to $6 trillion in 88 years. In the next three years it increased a trillion to $7 trillion dollars in 2004. In the following year it increased sharply to over $8 trillion dollars. The national debt is now well over $9 trillion dollars! The acceleration of the national debt is alarming!The corresponding loss of purchasing power will also accelerate in the near future.

The Federal Reserve’s mismanagement of the US caused the dollar to lose value & created the Great Depression. Its vicious business cycle caused unemployment, created asset price bubbles, and is now on the verge of causing even more damage including debt catastrophe and even complete economic collapse.

As a result of the way that government has deteriorated over the last 100 years or so, thanks to all the HORRIBLE, GREEDY, MONEYGRUBBING politicians, once globalization takes control, sadly America as an “independent nation” will cease to exist, and we will be invaded, and put under the control of one (or more) of our “creditor nations”

The progression to that ultimate result, has unfortunately already begun, with the global outsourcing of entire industries of jobs (call centers, automotive plants, factories, etc.).

This is all just one of the MANY reasons that I am making plans to emigrate OUT of this doomed country, and renounce my US citizenship completely, before America is taken over by China or Saudi Arabia, to pay our TRILLIONS of dollars of national debt.

Which is why I am making plans to emigrate OUT of the US – first to Canada, and then once I get Canadian citizenship, and completely renounce my US citizenship, then spend the rest of my life dividing my time between Canada and other countries.

I can NOT wait to get out of this CESSPOOL of a country and renounce my citizenship, so no one can associate me with the arrogance, and foolishness of many Americans.

By thunderthighs mcgee on Mar 18, 2009 | Reply

Thats why we have the stock market… you just have to use inflation to your advantage.

By I luv America on Mar 21, 2009 | Reply

This bernake guy is nuts
He should be replaced before he does more damage
I do not appreciate having my savings account ravaged by inflation
Why do I have to pay for the bailout of the banks
There is no benefit to me
Bernake is a loon!
Give me Paul Volker

By cajunbiggeorge on Mar 23, 2009 | Reply

BushSucks throws a great rant, but her statements are completely false. Here are the FACTS!

You said “Clinton left us with a massive budget surplus” (meaning no National Debt based on your Bush comment following). False. The national debt at the end of Clinton’s term was $5.674 Trillion. What did happen was that when a Republican Congress came in during Clinton’s second term, they blocked all of his extravagant spending proposals and forced him into a balanced budget, which he fought against hard. Only when it returned annual budget surplus numbers did Clinton claim it for his.

You said Bush created a $9 Trillion national debt; once again false. When Bush took over the National debt was $5.674 Trillion. Therefore he has been responsible for $3.334 Trillion of the debt. Annual budget surpluses were projected to keep growing but two things happened; one, Bush had to deal with a recession from the Clinton years, and two, 9-11 screwed up our economy terribly. Neither of these were the fault of Bush, no matter how bad you want to blame him.

Now for the OP, why does lowering interest rates fuel inflation? Typically, lowering interest rates allows more consumer spending and stimulates the economy. So once again, your question is based completely on false information.

The reason liberals have to make this stuff up is because if they stick to the facts they lose their argument.

Facts are a liberal’s worst enemy.