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H.R. 6550 would ABOLISH the Federal Reserve and Fractional Reserve Banking if implemented
The Irresponsibility of Ben Bernanke and How He Will Destroy the Dollar
...Federal Reserve Chairman Ben Bernanke’s Quantitative Easing approach is immoral, failed Keynesianism and harmful. ..... It is a deliberate but hidden default on government obligations. It steals from taxpayers because it is a hidden tax on income and wealth. In all of these respects, it is outright theft!
...All economists know the solution to unemployment is lower real wages.
All economists know the solution to unemployment is lower real wages. A central part of Keynes’ theory was the notion of money illusion. Keynes believed that workers would not accept nominal decreases in wages but that they could be fooled via inflation, a belief that only an elitist could have. If the cost of living goes up and wages stay the same, then real wages go down and presumably employment goes up (or down less than it otherwise would). Inflation, the critical tool in the Keynesian paradigm, has been used regularly. Since the formation of the Federal Reserve, the purchasing power of the dollar has fallen almost 96%.
Inflation, the critical tool in the Keynesian paradigm, has been used regularly. Since the formation of the Federal Reserve, the purchasing power of the dollar has fallen almost 96%.
Could Bernanke Spark a Run on the Dollar?
...QE2′s greatest shortcoming is that is really doesn’t create jobs as advertised. It’s just more supply side, “trickle down” monetary theory designed to goose the market while workers languish in unemployment lines. Here’s how the Wall Street journal’s Kelly Evans summed it up: ”…the limits of monetary policy are becoming clearer. History suggests any further easing probably would do too much for the stock market and asset prices, and too little for jobs.The only real fix is to lower the cost of U.S. workers relative to foreign rivals and machines, or else raise their bang for the buck. The latter, while clearly preferable, requires education and training that won’t turn things around overnight.” (“The Fed’s Magic Show Appears to Be Over”, Wall Street Journal)
In other words, the Fed is planning to give every working man and woman in the US a big pay-cut so they can go nose-to-nose with foreign labor.You can see how this blends seamlessly with Obama’s State of the Union Speech where he focused on “competition” as his central theme. More importantly, Obama reiterated his pledge to double exports in the next 5 years. The only way that can be achieved is by destroying the dollar.
It is these losses of the groups that are the last to be reached [consumers] by the variation in the value of money which ultimately constitute the source of the profits... a fundamental aspect of Mises's monetary theory that is rarely mentioned: the expansion or contraction of money is a zero-sum game.
[3.] If output is rising in a free market, and the money supply is fairly constant, then prices will fall. The market's clearing price is that price which allows a sale in which there are no further buyers or sellers at the sale price. The high bid wins. When output is rising, buyers of money (sellers of goods) increase their bids by offering more goods for sale at the old price. This is another way of saying that prices denominated in money fall,
He speaks of "a general tendency of money prices and money wages to drop" (p. 417). This is not deflation, which Mises defined as a decrease in the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. Price competition is not deflation. Mises on Money: www.lewrockwell.com...
How are we going to create jobs and rebuild our economy? What is the best path to take?,
You then become a 'corporation' and compensation is less than taxes on wages, You can deduct every 'business lunch' instead of just the elites doing it.... Wake Up citizens
Exit of Meat Slaughter Plants During Implementation of PR/HACCP
Implementation of the Pathogen Reduction and Hazard Analysis and Critical Control Points (PR/HACCP) regulations has occurred across all U.S. meat and poultry plants. A probit model is estimated to determine which factors have affected the probability of red meat slaughter plant exit during implementation of the regulations. While controlling for plant-level, company-level, regional-level, and supply conditions that may affect the probability of plant exit, smaller plants are found to exhibit a much greater probability of exit than larger plants.....
.....Although species go extinct on Earth on a regular basis, every so often there is a major event that comes along and wipes out 40 or 50 percent of them. The same thing happens in the small business world. A few businesses fold every year due to retirement, poor management, and changes in the market, and that is quite normal. But then every so often a catastrophe comes along and causes a wholesale wipeout.
.... The most recent extinction event occurred at the turn of the millennium, when small and very small USDA-inspected slaughter and processing plants were required to adopt the costly Hazard Analysis and Critical Control Point (HACCP) food safety plan. It has been estimated that 20 percent of existing small plants, and perhaps more, went out of business at that time.... www.theatlantic.com...
This investigative report, as part of an ongoing series on corporate and government accountability, was researched and written by GAP Legal Director, Tom Devine.
...The Government Accountability Project (GAP) has just completed the first phase
of an investigation....
Starting in late summer 2000, FSIS repeatedly discovered that ConAgra had been receiving products returned from its customers as E. coli O157:H7 positive.....
Each time the agency allowed the tainted beef to be cooked and reentered into commerce, without warning the public or imposing systematic corrective action. The USDA did not require ConAgra to recall all other product produced on the same day as the E. coli O157:H7 contaminated returned product, even though the same processing equipment produced all of the product for the entire day. This significantly increased the odds that the rest of the product was likewise contaminated. Overall, the government’s noninterference may have shielded over 90% of ConAgra ground beef over a two year period after USDA was on notice that the public was in danger....
USDA has set the pace in passive resistance to traceback of contaminated products to the source of public health threats. Its paperwork for government E. coli tests did not even have a line to fill in the origin of product sent for laboratory testing. It made a record of where the tainted beef was found, but skipped where it came from....
4) USDA engaged in persistent, ugly retaliation against anyone who attempted to expose the ongoing cover up, whether the whistleblower is government or corporate, employee or small business. While corporate workers have state of the art free speech rights created in Sarbanes Oxley, small businesses are excluded. As a result of the harassment, Mr. Munsell has been forced to sell his business. Further, the Whistleblower Protection Act for government workers is bankrupt, and the agency has taken advantage by purging its top HACCP talent. It appears they are being systematically replaced with staff too green to catch disintegrating food safety standards, let alone protest....
5) The regulatory double standard is a microcosm why the integrity of HACCP is at risk. The ConAgra-USDA cover up sustains a pattern of using HACCP as a vehicle to obstruct its staff from enforcing food safety laws at big business, while bullying small businesses such as family firms....
RETALIATION AGAINST GOVERNMENT WHISTLEBLOWERS
FSIS smashed anyone who challenged its efforts to protect ConAgra from accountability, not just Mr. Munsell. After Mr. Smith took charge of the Munsell dispute from Washington, every official was moved off the job who blew the whistle internally on harassment of MQF, or who sought accountability from ConAgra. The harassment victims ranged from inspectors to supervisory vets. In some instances the agency simply isolated them from the case. Numerous whistleblowers have reported that the Inspector General staff’s primary interest was to attack the critics, while discouraging or only grudgingly accepting evidence of agency misconduct to shield ConAgra. Agency management forced some of the agency’s most seasoned veterinarians out of the government through steady harassment....
The problem with governining is that the larger and more diverse your people get - the harder it is to please everyone.
Remember that these people making the laws are elected by the people, so people must agree with what they say or what their intentions are.
Sometimes I think we should have more nationwide referrendums such as for joining the EU (which we never got) and even possibly declaring war.
Would I force you? I would definetley use force if you continued to spread hate, incite hate or endanger the people i.e. murderering. But I wouldn't stop you protesting peacefully.
So inclusion I believe yes they can on a basic level and without law and order comes chaos and destruction. Does that answer your question?
By the way are you an anarchist?
Originally posted by CaptHowdy
Several of the comments left here seem to have hit the proper point. Its about the American outsourcing of jobs. We need to implement tarriffs on goods manufactured by American companies in foriegn countries. The tarriffs are essentially the companies' way to reimburse the USA for the societal costs of the loss of these jobs. If companies wish to have overseas manufacturing facilities so they can better serve local markets, then they are free to do so, and frankly, more power to them. However, any goods produced for the domestic market should be taxed just to the point where it is more profitable to produce them in America than in another country.
Originally posted by CaptHowdy
Yes, but you are assuming a global balance of trade. You are basing your argument that any given locale has, for one reason or another, efficiencies in production, that they can capitalize upon. They can then spend their profits on goods and services that are perhaps more efficiently produced in another locale. This is the fundamental argument in favor of globalism, that by funneling money into developing economies (by providing jobs to the local population), you thereby raise their standard of living to the point where they have the means to purchase goods and services from developed economies, resulting in a net win-win situation for all involved. While American outsourcing does indeed raise the standard of living in other countries, the loss of manufacturing in this country yields a net decrease in standard of living. Are we willing to accept a 70% decrease in our energy consumption per capita so that developing nations can double or triple theirs? As you can see from my comments, I tend to have protectionist tendencies. However in this global "economy", amongst the varied issues of monetary devaluation, and subsidized manufacturing, I don't think its a bad view to hold. In fact, I would probably say that more countries tend toward protectionism than globalism.
Why not just crash the whole economic system and start over with a simple phone call to George Soros? I'm guessing he already has a plan to solve all our problems.
Originally posted by CaptHowdy
Well, Neo, I agree with you 100% concerning the true issues that are devastating economies and even the fabric of our societies. The question I was trying to address with my first post, however, was that of the OP who was fishing for input on how to create jobs and repair our failing economy. I am still firmly of the opinion that we should set in place a structure that will incentivize US companies to utilize Americans as the primary human resource for production. Now whether that incentive comes in the form of tarriffs, tax breaks, presidential mandate or whatever, I am certainly open to ideas. If you reread the post, by the way, I was recommending action be taken concerning US companies producing goods offshore, then importing and selling them domestically. I made no mention of foriegn companies producing goods for sale in the American market, although I understand that once I used the word "protectionist", it tends to generate all sorts of images in ones head. btw, nice discourse.
Originally posted by SGTGerman
reply to post by Neo_Serf
Then what is your answer?
Originally posted by observe50
As I see it the answer is simple just do it, like minds group together and simple just do it.......this is the American way. People have good minds you need to work together.