Posts Tagged 'Federal Reserve'

TAX DAY TEA PARTY AT YOUR STATE CAPITOL!

When:April 15, 2010 Noon-2:00pm
Where:State Capital Building 100 N.Capitol Ave,Lansing, MI

April 15th marks the day when many Americans pay more than their fair share in taxes. Grass roots patriots in Michigan will join thousands across the state of Michigan and the nation to voice our opposition to big government and spending that has pushed the federal deficit to record levels as part of the continuing movement of nationwide “Tea Parties.”

The protest is one of hundreds to be held at the same time in cities and towns all across Michigan and the United States. Tea parties will also be held in Chicago, Washington, Atlanta, Anchorage, Honolulu, Phoenix, Sacramento, Cleveland, Pittsburgh, Fort Worth, San Diego, Portland, Ore., and at hundreds of other locations.

Joan Fabiano of Grassroots in Michigan says, “As Michiganders we have seen the results of progressive tax and spend policies. After eight years Michigan is in shambles. Unemployment is at almost 15%, the Car Capitol of the World has seen a government take over of GM, jobs evaporate, foreclosures rise and families leave.”

Fabiano, goes on to say,” 2010 is the year that We the People will “Take Michigan Back” from the politicians and progressive policies that have brought Michigan down a road towards ruin and economic destruction.”

BE THERE!
BRING YOUR STATE OF MICHIGAN FLAG

Just in..Bernanke Warns of Dangers Posed by Deficit

Bernanke on the topic of deficits and government spending: “To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above”. Republicans are opposed to raising taxes, and democrats are loathe cut cut entitlement programs, the combination of which help to explain why our country has such massive debt problems……

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AUDIT THE FED-Central Banks – The Shell Game – How the Federal Reserve is Monetizing Debt


Below is the first part of a Martenson Report from a few weeks ago, previously available only to enrolled members but now available for free to everyone.

Executive Summary

* The Federal Reserve and the federal government are attempting to “plug the gap” caused by a slowdown of private credit/debt creation.
* Non-US demand for the dollar must remain high, or the dollar will fall.
* Demand for US assets is in negative territory for 2009
* The TIC report and Federal Reserve Custody Account are reviewed and compared
* The Federal Reserve has effectively been monetizing US government debt by cleverly enabling foreign central banks to swap their Agency debt for Treasury debt.
* The shell game that the Fed is currently playing obscures the fact that money is being printed out of thin air and used to buy US government debt.

The Federal Reserve is monetizing US Treasury debt and is doing so openly, both through its $300 billion commitment to buy Treasuries and by engaging in a sleight of hand maneuver that would make a street hustler from Brooklyn blush.

This report will wade through some technical details in order to illuminate a complicated issue, but you should take the time to learn about this because it is essential to understanding what the future may hold.

One of the most important questions of the day concerns how the dollar will fare in the coming months and years. If you are working for a wage, it is essential to know whether you should save or spend that money. If you have assets to protect, where you place those monies is vitally important and could make the difference between a relatively pleasant future and a difficult one. If you have any interest at all in where interest rates are headed, you’ll want to understand this story.

There are three major tripwires strung across our landscape, any of which could rather suddenly change the game, if triggered. One is a sudden rush into material goods and commodities, that might occur if (or when) the truly wealthy ever catch on that paper wealth is a doomed concept. A second would occur if (or when) the largest and most dangerous bubble of them all, government debt, finally bursts. And the third concerns the dollar itself.

In this report, we will explore the relationship between those last two tripwires, government debt and the dollar. To read the reportCentral Banks – The Shell Game -How the Federal Reserve is Monetizing Debt

CALL YOUR REP TO SUPPORT THE AUDIT THE FED BILL (H.R.1207)!

AUDIT THE FED FACT SHEET

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