bernanke

My Take on OWS

With the desecration of a statue of Mary in Rome, I have no doubt that the story will make waves in the Catholic blogosphere.  Because I don’t think it would be fair to paint a broad brush over tens of thousands of people all over the world over one statue being destroyed, I thought I’d give my thoughts on the movement itself.

Being a Constitutionalist, there are elements of the Occupy movement that I sincerely agree with, and I think you should too.  These points are:

1)  Corporations hold too much power over our politics.

2)  End the wars.

3)  There is only one party in America, it is represented by two factions fighting over power with one another.

4)  The banks should not have been bailed out.  Pull your money out of a Big Bank (BofA, Wells Fargo, etc) and put it in a Credit Union.

On point #1, this one is the most obvious and easiest to sympathize with.  Corporations have huge influence in Washington DC and our State Capitols.  They donate huge sums of money to politicians who return the campaign contributions with political favors.  OWS says the answer is to regulate the corporations.  Reading this article (http://hotair.com/archives/2009/08/22/how-cpsia-hits-one-small-business-owner/) will show you one tiny example of how regulations written to “protect us” are actually written by the corporations themselves, and are used against mom and pop shops to drive them out of business.  

People say that “deregulation” led to the financial crisis.  This is not true by any measure, the financial crisis came about because of artificially low interest rates imposed by Alan Greenspan in the 1990s that led to the NASDAQ bubble, when this bubble burst, Ben Bernanke kept interest rates low, and a Housing Bubble was formed.  You can see Ben Bernanke here (http://www.youtube.com/watch?v=Kowdi1mM-i8) in 2005 denying a Housing Bubble existed and saying that if it did exist, it wasn’t anything to worry about.  This man has been running our economy for years.  Yep.  Think the Housing Bubble couldn’t be seen?  Here is an amazing speech by Ron Paul on the House floor in 2001 on the Housing Bubble: http://www.youtube.com/watch?v=KONpt9a6HrI

Point #2, the wars we are engaged in should be halted as quickly as can be done in a safe manner.  We are borrowing money from China to fight a war in Afghanistan with 100,000 troops.  That is not sustainable.  We have been at war for over 10 years now. Obama was elected to end the wars, he lied and the wars continue.  We now have troops and/or are bombing Iraq, Afghanistan, Libya, Somalia, Yemen, and Central Africa.  On top of this we have over 900 military bases in over 120 countries.  We spend over ONE TRILLION a year on our foreign policy; including foreign aid (in billions) to countries like Pakistan, which this year showed is not a trustworthy ally.  The status quo CANNOT continue indefinitely into the future; we must scale back our foreign presence heavily, and as this video lecture shows, suicide bombing is directly linked to foreign occupation (http://www.youtube.com/watch?v=X4HnIyClHEM).

On point #3, I will simply submit that President Obama ran a campaign against the wars (though actually wanted to escalate Afghanistan), against torture, against the [un]PATRIOT Act, CIA Rendition, etc.  He has broken all of these promises.  Here is a full listing here: http://www.humblelibertarian.com/2011/08/bush-20-100-ways-barack-obama-is-just.html

Point #4, the banks should never have been bailed out.  They should have gone bankrupt because of the bad loans they made.  Right now we have a system of privatized gains and socialized losses, THAT IS NOT CAPITALISM, that is crony capitalism (or a term I prefer, Corporatism).  To fully educate yourself on the economy, check out Peter Schiff’s How an Economy Grows and Why it Crashes, Thomas Woods Jr.’s Meltdown will give you a full explanation of the latest bust from a Free Market perspective, and Ron Paul’s End the Fed is a great book for learning about the entity that caused this decade long slump, the Federal Reserve.  Lastly, banking with a credit union is superior to a bank.  CC’s are owned by YOU the account holder, so they give you better interest rates and loan quotes (because they aren’t trying to make boatloads of money), banks are owned by shareholders, and the banks are trying to make money for THEM.  Simply watching “It’s a Wonderful Life” shows this perfectly.

Congrats if you read this far, please check out the links (and movie) at your pleasure and pm me if you have questions.  I wrote this so that we can think objectively about the OWS movement, and not let some thug blind us to common ground we may share with them.  Thoughts?

why is always all abuot cpi & ppi whnever ron paul & ben bernanke get in a room together?

wtf the fuck is wrong with with either:

1 of these guys?

both of these guys?

our system?

cuz apparently, the chairman of the fomc coming up to the hill a few times a year does not seem to be a good way to get fundamental systemic shit addressed. addressed in a way that satisfies… aaaa, fuck it, idk.

Watch on ybfishel.tumblr.com

Federal Reserve Primer