Political Ramblings

[duckluck]

You might want to read this one asap. http://www.examiner.com/article/ill...nday-gun-ban-vote?CID=examiner_alerts_article

Gonna look into that and see what number to call, but doesn't surprise me...this is the heart of crooked politics.

 

[duckluck]

Why they would do that right after this, I don't know...

http://articles.chicagotribune.com/...11_1_court-strikes-appeals-court-david-sigale

Exactly. Every gun owner I know here is gearing up to get an Illinois concealed carry permit.

 

[hemet dennis]

Quote:
Yes you can always pay more then you owe in taxes to the Government. But I think you missed most if not all of what I said.

 

[hemet dennis]

Quote:
Is it the Fed that overspends and causes inflating the currency ? Maybe you should learn what the FED is and does.

http://home.hiwaay.net/~becraft/FRS-myth.htm#hd2

 

[Q9]

Is it the Fed that overspends and causes inflating the currency ? Maybe you should learn what the FED is and does.

http://home.hiwaay.net/~becraft/FRS-myth.htm#hd2

It doesn't spend, but it causes inflation. Inflation is a devaluing of the currency - supply and demand. The more money in circulation, the less it's worth. It's basic economics. For another instance, see the infamous "Continental." They printed a ton, it became worthless. The Confederacy and the Union printed lots and experienced hyperinflation. Zimbabwe and Weimar Germany are probably the most awful examples.

 

[hemet dennis]

Quote: Did you read any of the link I posted ? Were all those other currencies inflated by a FED or a Government ?
The Fed handles everyday monetary policies but they don't make Government policies. They try to improve the economy in spite of Government policies. If inflation did start to rise to much then the FED would contract the money supply. Most of the people that want to do away with the FED don't have a good alternative. Should we have Congress control everyday monetary policies ?

 

[rufus]

Have you ever seen the Fed refuse to buy US bonds? It works hand and glove with the US Treasury. Unfortunately, that government body is now controlled by people that slept through economics 101.

Hyper inflation will reduce us all to the poverty stage. The rich will not be able to buy anything with their ruined money. The poor will still be crying for the government to take care of them and complaining because someone has better rags than them.

Worse, the social parasites will not accept doing without. No matter how much the government drops into their food stamp accounts, they will not be able to buy anything.

Society will break down. The lazy, greedy and desperate will do horrible things. Unprincipled politicians will exploit the situation and blame everyone but themselves.

Without a viable currency, commerce comes to a halt. Goods stay in warehouses because no one wants to sell them in return for worthless money. People will not work for worthless money.

In Argentina, people are raiding and looting supermarkets. In response, the government is giving away thousands of free condoms, as if that would remedy the situation. In 2008 the government seized the retirement funds of the nation. In 2011, Portugal did likewise.

On our currency it says "In God We Trust," not the US government, not the Fed, and not politicians that want to make a better world with someone else's money.

 

[kstaven]

117 is going to create a lot of "criminals"...I don't know ANYONE who will submit to registering their guns.

They tried this in Canada and the administration costs where huge. Beyond that, the whole registry was a dismal failure which has finally been removed.

 

[hemet dennis]

Have you ever seen the Fed refuse to buy US bonds? It works hand and glove with the US Treasury. Unfortunately, that government body is now controlled by people that slept through economics 101.

Hyper inflation will reduce us all to the poverty stage. The rich will not be able to buy anything with their ruined money. The poor will still be crying for the government to take care of them and complaining because someone has better rags than them.

Worse, the social parasites will not accept doing without. No matter how much the government drops into their food stamp accounts, they will not be able to buy anything.

Society will break down. The lazy, greedy and desperate will do horrible things. Unprincipled politicians will exploit the situation and blame everyone but themselves.

Without a viable currency, commerce comes to a halt. Goods stay in warehouses because no one wants to sell them in return for worthless money. People will not work for worthless money.

In Argentina, people are raiding and looting supermarkets. In response, the government is giving away thousands of free condoms, as if that would remedy the situation. In 2008 the government seized the retirement funds of the nation. In 2011, Portugal did likewise.

On our currency it says "In God We Trust," not the US government, not the Fed, and not politicians that want to make a better world with someone else's money.

All good points about inflation. But as I said if inflation was to rise to much then the FED could start to contract the money supply right away. If it was left up to Congress then it would take months if not years to get it done.

Yes I have seen times when the FED hasn't bought U.S. bonds. It was good economic times and the FED wasn't needed to buy them. When the Government is spending over a trillion dollars more then they take in they have to sell more bonds. If you take that trillion dollars from the investment people who will have the money to invest in business ? So business will contract and lay off millions of workers. You cant put the blame on the FED, it's the Government overspending that's the problem. What do you think the Government would do if no one bought any bonds ? Do you think they would stop spending ? Do you think they would stop printing money ?

So if we ended the FED what then ?

 

[kstaven]

Besides overspending being a real issue: The debt is now so high that it is outstripping the secured assets to cover it many times over. This is the same issue that the investment banks found themselves in. Leveraging capitol always has had dire end consequences.

When it all comes home to roost the whole political machine will claim they didn't see it coming.

People will blame this party or that one, when the reality is this has been building for decades and not one administration has been effective in stopping the spiral. Nor has the public yet been pushed hard enough to force THEIR GOVERNMENT back into line. Some where along the line we forgot the government works for us rather than them dictating policy too us.