Overpopulation is our greatest enemy. I'm For World Depopulation - politics In reference to the column by Paul Krugman, "The GOP's punishment cure" (The New York Times, Dec. 8, 2013), neither Krugman, the Democrats nor the Republicans have any understanding about the unemployment problem which the U.S. and all of the nations of the world are facing. Since Earth is finite, the resources which Earth can provide humanity are finite. Therefore, Earth cannot supply the resources to permit an ever-growing human population to have an ever-growing number of jobs. The unemployment problem is not caused by the monetary or political philosophy of either party. It is caused by the fact that humanity is attempting to maintain continued economic and population growth on the finite Earth, which is impossible. Our failure to understand the fact that Earth is finite will lead to wars and the deaths of billions.
Indict Bernanke! Abolish the Fed. 'Bernanke bubble,' deficits are the road to ruin - politics The March 31 letter from Pelvo White Jr. ("Bull market doesn't translate to a healthy economy," The News Herald) brings to mind a few thoughts. White asks why the average person isn't benefiting from the stock market gains. Let's look at why we are experiencing a bull market at this time. It's actually pretty simple. It goes back to two factors: 1) enormous deficit spending by the current administration, and 2) multiple episodes of quantitative easing. "Quantitative easing" is nothing more than freely printing new money with no substance to back it. Federal Reserve Chairman Ben Bernanke is the culprit here, backed in full by the Obama team. In case you haven't heard the term the "Bernanke Bubble," you need to remember it now. It is going to come back to bite us, and folks are going to wonder how this happened. In addition, the two other major banking systems, the Bank of Japan and the European Central Bank, are doing the same thing in an effort to devalue their currencies to gain a competitive edge in the world market. Historically, it's well known that every country that has tried this has failed miserably. It was the beginning of the Great Depression, and has occurred two more times since then. The "Bernanke Bubble" has kept interest rates artificially low, primarily helping big banks get cheap money, but in turn they are lending only to clients with the highest credit ratings. This is all contrary to what President Obama would have us believe. Of course, the low interest rates are hurting most savers, thus forcing investors into the stock market and raising the prices (bull market). The second factor — the enormous deficit spending — keeps pumping money into sectors of the economy, which hasn't helped the average person. Much of the spending has gone into subsidizing Obama's pet industries, such as Solyndra and the ethanol boondoggle, among many. Can anyone point out a spending program under Obama that has truly and actually helped the economy? When this country's overspending and money printing finally reaches a critical mass, we will see much more difficult times. When the "Bernanke Bubble" bursts, the inflation rate will skyrocket, hurting the average person the most. If case you haven't noticed, the prices of our commodities are creeping up already. Due to our country's fiscal irresponsibility, you haven't seen anything yet!
THE FED: INDEBTING THE NATION SINCE 1913. Stop Counterfeiters... Abolish the Fed! - politics As the Federal Reserve's 100th anniversary approaches on Dec. 23, Andrew Huszar, who helped manage the Fed's quantitative easing program, is publicly apologizing for what he has done. He says that quantitative easing has accomplished next to nothing for the average person on the street. Instead, he says that it has been "the greatest backdoor Wall Street bailout of all time." Other aspects of the Fed's dubious record: the economy has experienced just as many recessions in its 100-year history as it did in the 100 years prior to its existence; the U.S. dollar has been destabilized and its value has declined by more than 95 percent; the U.S. national debt has gotten more than 5,000 times larger. In short, under the Fed, the rich have gotten richer, the poor have gotten poorer, the middle class is getting smaller and the rest of world is beginning to openly wonder why they should continue to use the U.S. dollar as the de facto reserve currency. No wonder the latest Rasmussen Reports national telephone survey finds that 74 percent of American adults favor auditing the Federal Reserve and making the results available to the public.
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