Posts Tagged ‘fiat money’

Gillian Tett, Insight: Time to expose those CDOs

Friday, February 27th, 2009

http://www.ft.com/cms/s/0/2970532c-0421-11de-8, triple A assests45b-000077b07658.html?nclick_check=1

Folks, I have mentioned on air long ago that I’m “in love” with Gillian Tett.  This woman’s mind is captivating.  She is by far the best writer the Financial Times has.  Certainly, she is more conservative and Gillian Tett’s insight is impeccable!

Moreover, Miss Tett is right.  She is absolutely correct:  THE HUGE HOLES THAT HAVE BEEN BLASTED IN THE BALANCE SHEETS OF THE BANKS HAVE NOT BEEN BASED ON ANY REAL MARKET NUMBERS.

And what we have to do in order to have any semblance of confidence  in investing in the markets is to establish the real capital hit to the banks and insurance groups.  Until that time, how can one invest in the market, any market, with confidence?

That answer:  You can’t!

We need a public sale, even an auction to establish what if anyvalue remains. 

Until that time, it is mere fiat money

You Stupid People!

Thursday, February 19th, 2009

Forget about asking for more government regulation.  You are buried in government regulation and it is killing you.  Insist upon a return to Constitutional Law.  The only way out of this mess is to return to Constitutional Rule.

 

Did you know that the Sixteenth Amendment was NEVER ratified by the states?  Did you know that the Federal income tax is illegal?

 

It is unconstitutional.  The Federal government was meant to be funded by tariffs & duties but instead they’ve taxed us and enslaved us.  They throw open our borders and insist upon “free trade” while enslaving US!

 

Did you know that the Federal Reserve is neither?  It is neither “Federal” nor is it a “reserve!” 

 

Do you realize Federal Reserve notes are NOT Constitutional money?  Do you know that the Federal Reserve notes we are forced to accept are unconstitutional?

 

It’s time to throw off the yoke and stop the madness of the United States Congress and the United States Senate!

 

You want freedom?  You want liberty?

 

Insist upon Constitutional Law and limit the Federal government before it is too late! 

 

Stop asking for more government regulation.

 

Stop asking for more government programs.

 

Stop asking the Federal government to help in any way.

 

Why?

 

Because it is all enslaving.