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Archive for April, 2010
We try to give inspiration once in a wile instead of business all the time. Please view this 10 minute inspiring video montage of Will Smith – He understands quite a bit.
Departing words for Friday – Life is only an experience – We’re here to learn and ultimately create, some may not understand this and go through this life experience never understanding it.
However, those that want more and grasp certain mindsets – a whole new world opens up and answers to what ever life questions you have present themselves, but this is a journey that you must take. It can’t be told to you or done for you, it takes a conscious awakening. Once certain truths are relized, previous belief systems and mental prisons no longer hold you back.
I’ll leave you with this equation:
Mindset + Applied Knowledge + Action = Success
Earlier this week, Fed Chief Ben Bernanke told Congress to basically raise taxes and cut the federal budget. The inference was, if Congress doesn’t get its financial house in order, it will be their fault if the economy tanks. Here is how Bernanke actually said it, “. . . Maintaining the confidence of the public and the financial markets requires policy makers more decisively to put the budget on a sustainable fiscal balance.”
Bernanke also said the federal debt “. . .is already expected to be greater than 70%” of Gross Domestic Product, “. . . at the end of 2012.” And if that is not bad enough, Bernanke said that by 2020, “. . .federal debt would balloon to more than 100% of GDP,” provided taxes are not raised and budgets are not cut. The mainstream media gave this story a great big yawn; but don’t kid yourself, what Bernanke said was a powerful, ominous warning.
All I can say is Ben Bernanke has a huge set of cojones. He is scolding Congress to keep taxes up and spending down to help pay for the gigantic bailout of Wall Street Banks. Meanwhile, the Federal Reserve is fighting tooth and nail to keep from revealing its secret bailout of the same banks during the financial meltdown in 2008!
The Fed was sued by financial news network Bloomberg two years ago. Bloomberg wants the Fed to reveal which banks received $2 trillion in bailout money and why. Bloomberg won the case and the Fed appealed. Bloomberg, also, won the appeal in March 2010! The precedent setting case would force the Fed to reveal the details of secret bank bailouts–including $500 billion given to foreign financial firms!!
In a Bloomberg story earlier this week, lawyers representing the Federal Reserve (which is made up in part by big U.S. banks) said, “U.S. commercial banks will take their fight against disclosure of Federal Reserve (documents) in 2008 to the Supreme Court if necessary . . .” Lawyers representing the Fed say they are worried that if details of trillions of dollars in bailouts are revealed, it could cause another financial meltdown. General Council for the Fed, Paul Saltzman, says, “Our member banks are very concerned about real-time disclosure of information that could cause a run on the banks.” This is another story, with dire implications, the mainstream media is ignoring. (Click here for the complete Bloomberg story)
So, if the secret slimy deals of the Fed are revealed, people will lose confidence in the banks and want their money? If that is the case, and I think it is, we Americans need to know why the Fed printed up at least $2 trillion and handed it out to their banking syndicate.
Written By: Greg Hunter
Congressman Ron Paul questions Federal Reserve Chairman Ben Bernanke at the Joint Economic Committee hearing “The Economic Outlook,” April 14, 2010.
Hyperinflation Nation starring Peter Schiff, Ron Paul, Jim Rogers, Tom Woods, Gerald Celente, and others. Prepare now before the US dollar is worthless.