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>End The Fed:Ben Bernanke Press Conference A Litany of Lies

>Fed Chairman Ben Bernanke lied to the American public. And I think it’s high time the public got upset with both him and the Federal Reserve System, mad enough to tell their Congress to end the Fed. They spend our taxpayer money; they have no accountability to Congress or the public; they cause inflation to go to almost zero, but for what cause? To create jobs? Are you kidding. They have ruined our monetary system, and they planned to do so to bolster the banks, the Fed’s only client. The only group the Fed is beholden to. You saw how fast trillions of dollars flew out of the Treasury Department to buy General Motors, AIG, Fanny and Freddy, and to boost Bank profits and reserves, didn’t you?

This lying has got to stop. When is Barak Obama going to take his job seriously and look at the Fed as an unnecessary hindrance to ;progress in America? During Abe Lincoln’s time the nation printed its own money that was not tied to interest payments. We could fire the Fed by legislative action. If Obama and harry Reid don’t want to go along, this could be a reason for the American taxpayer to repudiate Obama at the polls in November, 2012. He has had numerous chances to sit down with Bernanke and tell him what to do. Romney would have done this a long time ago. But Obama hasn’t even met with the rating agency that is about to pull our rating down to insolvency, Standard and Poors.

When I was president of Western National Mutual Insurance Group I made trips to A.M. Best, insurance company rater, just to maintain our A- rating. Had I not done that, the rating could have fallen to B or lower.

Presidents have real responsibilities, fiduciary responsibilities to keep the company –and in Obama’s case, the Nation–solvent. It’s a much more important thing than visiting Cape Kennedy to watch the second to last Space Ship take off into space.

Here is an article by the AI A, the American Inflation Association. I agree with everything they said. You should, too. Please read the entire article. Then comment below and call your Congressman. Tell him/her to create a bill that would effectively repeal the Fed which was passed into law 97 years ago. Let’s pound this item. Let your neighbors know why we will soon have six dollar a gallon gas and milk at the grocery store at ten dollars a gallon. Can you afford this? I can’t. let’s get the message out before this thing makes it impossible for any of us to eat. Our way of life is threatened this time because we have a non-responsive president. He told us he wanted to level the financial playing field and that’s just what he’s doing. Our money isn’t going to be worth a thing if this can’t be righted. Don White

 
Food and Energy Inflation is Not Transitory

Federal Reserve Chairman Ben Bernanke on Wednesday held his first press conference in history. The press conference took place shortly after the Fed announced its decision to leave the Fed Funds Rate at a record low of 0% to 0.25%, where it has been for an unprecedented 28 months. The U.S. economy is flooded with U.S. dollars and is close to overdosing on excess liquidity. The fact that our financial markets are not falling on the possibility of the Fed not unleashing QE3 immediately at the end of QE2, shows that we could be on the verge of hyperinflation with or without QE3.

The Federal Reserve currently has a mandate of both maintaining price stability and facilitating job creation. However, central banks don’t have the ability to create real employment. If any jobs happen to be created as a result of a central bank’s policies, they are only temporary jobs created due to the errors and distortions of phony asset bubbles. All phony asset bubbles that are fueled by monetary inflation eventually burst, sending unemployment through the roof.
Almost every major central bank besides the Federal Reserve, understands the truth about job creation, and has a mandate that focuses solely on keeping price inflation low. The Bank of Japan, Swiss National Bank, Bank of Canada, and Bank of New Zealand, all have mandates that are entirely about low inflation and don’t even mention the creation of jobs or the rate of employment. Bernanke said on Wednesday that, “while it is very, very important for us to try to help the economy create jobs and to support the recovery, I think every central banker understands that keeping inflation low and stable is absolutely essential to a successful economy.”
Bernanke has decided to go down a route that no central banker has ever gone before. Bernanke has literally invented countless ways to create inflation that nobody else has ever thought of. If keeping inflation low was ever Bernanke’s slightest concern, the Fed Funds Rate would currently be north of 5% and the U.S. economy would be in a steep recession. Bernanke has never once thought about keeping inflation low. He has literally implemented every measure he could possibly think of to create as much inflation as possible, while outright lying to the American public and saying that he isn’t printing money and that inflation is under control.
Bernanke would like the public to believe that his policies of expanding the money supply through cheap and easy money will cause the U.S. economy to recover and unemployment to decline back to pre-crisis levels, and that right before price inflation spirals out of control, he can raise interest rates and prevent massive price inflation without disrupting the recovery. Unfortunately, this is impossible because the recovery isn’t real and massive price inflation is already here. Bernanke’s policies may have created 1 million artificial jobs since December of 2009, after 8.75 million jobs were lost in the previous two years, but he did this at the expense of 310 million Americans already seeing double-digit percentage increases in food and energy prices.
Since after the Real Estate bubble burst in late-2008, the primary economic concern of Americans has been finding a stable job in order to make mortgage payments and put food on the table. Under the pressure of Congress, the Fed printed enough money to prevent a much needed recession that would be healthy for the long-term U.S. economy. In its attempt to reinflate the Real Estate bubble, the Fed has been destroying the free market and creating new economic distortions, which caused an artificial bounce in the rate of employment. Unfortunately, when you add together the money the Fed has either printed or committed for bailouts and stimulus programs, over $4 million has been spent for each job created. The Fed would have been better off just crediting the bank accounts of unemployed Americans with the average U.S. income.
When asked about rising gas prices, NIA is very happy that Chairman Bernanke acknowledged that gas prices “have risen quite significantly” and are “creating a great deal of financial hardship for a lot of people”. Bernanke admitted that gas is a “necessity” as “people need to drive to work” for the artificial jobs Bernanke created at a cost of $4 million per job. However, Bernanke seemed to be confused when he said “higher gas prices add to inflation”. The truth is, Bernanke’s zero percent interest rates and quantitative easing are the inflation, and inflation leads to higher gas prices.
Bernanke is directly responsible for gas prices rising back to $3.87 per gallon, yet refuses to admit it. Bernanke placed the blame on the growing global and emerging market economies, and their strong demand for oil. He said that America’s demand for oil is going down, which NIA believes is actually due to the U.S. dollar losing its purchasing power and Americans seeing their standard of living decline. Bernanke said there is nothing that he can do about rising oil and gas prices “without derailing growth entirely”. The truth is, Bernanke already derailed growth entirely when he derailed the free market. It is impossible to see real economic growth when a government and central bank is interfering in every aspect of the economy and impeding the free market in every possible way. All nominal GDP growth in the U.S., along with growth in retail sales, is solely due to inflation. Even when the government adjusts GDP and retail sales growth to the rate of inflation, it is based off of the consumer price index, which NIA believes is currently understating price inflation by approximately 4%.
Although Bernanke denies he has the ability to reduce gas prices, he claims he can prevent “gas prices from passing into other prices and wages throughout the economy and creating a broader inflation which will be much more difficult to extinguish.” Bernanke obviously doesn’t want Americans to see higher wages because he believes it could lead to broader inflation, but NIA believes rising wages would be a good thing. Inflation hurts Americans most when the rate of inflation is far outpacing wage increases. The fact is, the U.S. is already experiencing broad inflation even without wage increases.
Bernanke’s brand new favorite word as of late seems to be “transitory”, which he used about a dozen times during his press conference. Despite what Bernanke says, NIA strongly believes that rising food and gas prices are not transitory. Bernanke likes the word “transitory” because he can use it to try and pretend that rising food and gas prices are only just a temporary phenomenon and that their current high levels aren’t here to stay. Many Americans can remember the day 40 years ago when a can of Coca-Cola cost a dime and a Hershey chocolate bar cost a nickel, with a gallon of gas back then costing only thirty-five cents. Have rising food and gas prices over the past four decades been transitory?
NIA first predicted two years ago in its documentary ‘Hyperinflation Nation’, that rising food and gas prices would soon become the primary concern of all American citizens as a result of the Fed’s dangerous and destructive monetary policies. Bernanke back then claimed that inflation would not be a problem and said that the U.S. risked deflation. If Bernanke has been so wrong about the inflation that Americans are faced with today, NIA doesn’t see how anybody can possibly believe that Bernanke will be right and that current high food and gas prices aren’t here to stay. In our opinion, the food and gas price inflation that Americans have experienced over the past 40 years, is likely to occur all over again during the next 4 years. NIA believes that 4 years from now, Americans will look back at the good old days of having cheap $4 a gallon gas.
The last thing the U.S. government wants is for the American public to realize that Bernanke is responsible for rising food and gas prices. If the public demanded to end the Federal Reserve, the government will no longer be able to spend recklessly knowing that the Fed will be there to monetize their deficit spending. In an attempt to make up excuses for rising gas prices and deflect attention away from the Fed, Congress has been pressuring the U.S. Attorney General to investigate the matter. Attorney General Eric Holder just announced the formation of the Oil & Gas Price Fraud Working Group. The stated purpose of this working group is to monitor the oil and gas markets for potential violations of criminal or civil laws to safeguard against unlawful consumer harm.
NIA considers this to be complete insanity. Any government interference in the oil markets will only drive oil prices up even higher. Oil prices are rising solely do to supply and demand. Demand is going through the roof because the Federal Reserve is creating a lot of inflation, and inflation always gravitates to the goods that Americans need the most to live and survive. Oil supplies are falling because President Obama has ordered U.S. troops to occupy Libya. In the past we at least made up excuses to invade countries like Iraq over oil by claiming they had weapons of mass destruction. Today, the U.S. government doesn’t even bother. Obama campaigned as an anti-war President, saying he would bring our troops home from the middle-east. Instead, he has increased our middle-east troop levels, and the sheep who voted for him are showing absolutely no signs of outrage.
It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at:http://inflation.us
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>Don’s Blogs

>

Complete List of Don White’s Blogs

Affinity: Don White’s Sunshine Cabal Always show
46 Posts, last published on Jan 7, 2009
New Product Clearinghouse Always show
53 Posts, last published on Jan 7, 2009
House ABC’s Always show
126 Posts, last published on Jan 7, 2009
His Heart Pounds To The Tempo of Hers Always show
22 Posts, last published on Jan 7, 2009
Yankee Wizard Always show
153 Posts, last published on Jan 7, 2009
Church Wire Always show
4 Posts, last published on Jan 5, 2009
Discrimination Always show
38 Posts, last published on Jan 5, 2009
Anger Stimulates Action Always show
225 Posts, last published on Jan 5, 2009
Political Disconnect Always show
287 Posts, last published on Jan 5, 2009
Don White Portfolio Always show
298 Posts, last published on Jan 5, 2009
Job World: World Organization of Work Always show
70 Posts, last published on Jan 4, 2009
Women Love and Men Admire Always show
52 Posts, last published on Jan 2, 2009
COSMIC Light LOGIC Always show
104 Posts, last published on Jan 2, 2009
BODY & MIND ATTRACTION Always show
58 Posts, last published on Jan 2, 2009
FAMILY HISTORY Always show
47 Posts, last published on Jan 1, 2009
Women Love & Men Admire Always show
51 Posts, last published on Dec 31, 2008
Auto Always show
62 Posts, last published on Dec 31, 2008
Auto Ecstasy . . . Always show
41 Posts, last published on Dec 31, 2008
Hot Air Machine Always show
6 Posts, last published on Dec 31, 2008
WOW1 Always show
68 Posts, last published on Dec 31, 2008
Displaying 20 of 20 blogs – Show all Minimize list

var BLOG_feedlessStreamId = “feed/none” Reading List

The latest from Blogger Buzz

Your blog, your data

December 10, 2008permalink
Today’s release features a brand new graduate from the Blogger in Draft testing ground: Import and Export for Blogger blogs.

The import/export feature opens up a whole new range of portability for your blogs, as well as allows for a few new options in the blog creation process. To get you started, we’ve rounded up a handful of ideas that can be done with importing and exporting:

You can access Import and Export from the Blog Tools section on the Settings | Basic tab.
We have also added new importing options to the blog creation process:
For some more detailed info on all of the things you can do with Import and Export, please check out our accompanying help article.

A couple caveats

— JJ from the Data Liberation Front

iLike: Add a soundtrack to your blog

December 5, 2008permalink
Sometimes we stumble across gadgets that are just too cool to keep to ourselves. And such is the case with the slick iLike gadget, which should be a real treat for all of you Blogger audiophiles out there.

iLike brings music to your blog by letting you embed and share playlists that you make yourself. Using their simple interface, you can organize and arrange your tunes, then seamlessly integrate them into your blog’s sidebar.


To get started, head on over to the playlist editor and build up your list of tunes from the iLike database. When you are finished, simply click the orange ‘Done!’ button at the bottom of the page, and you will be taken to a preview of what your playlist will look like on Blogger.

If everything looks good, click the orange ‘Add to Blogger’ button to go to Blogger’s Import Page Element Page (if not already signed in you will be prompted to do so.) Then choose the blog which you want to have the playlist, and click ‘Add Widget.’

The iLike gadget will now show up in your blog’s page elements editor for you to arrange as you wish. Pretty cool, eh?

Keep in mind though that playlist editor feature of iLike is still technically in beta, so the usual caveats apply. However, if you are feeling extra entrepreneurial you could help out the iLike dev team by answering their quick survey.

— Brett

Reactions: easily engage your readers

November 6, 2008permalink
One of our goals at Blogger is to make it easy for authors to get feedback on their content; we believe that authors are driven in part by the reactions and criticisms offered by their readers, and that these interactions enhance the quality of blog content. In support of this effort, we’re launching Reactions, simple annotations chosen by authors and given by readers.
With Reactions, readers can easily respond with one click, increasing feedback on posts.
Photo by Kevin Steele

To enable Reactions, log in to your dashboard, go to Layout > Page Elements and click the Edit link in the Blog Posts element to open the blog post configuration tool. Then, check the box next to Reactions, edit your reactions as a comma-separated list, and click Save.

Reactions works with Layouts templates, though if your template is heavily customized, you may have to reset your widget templates for Reactions to appear. If you have a Classic template you will need to switch to Layouts to use Reactions.

Of course, Reactions isn’t the only way to gather great feedback from readers; we also recently launched the Embedded Comment Form. With both Reactions and better commenting, we aim to make it easier for you to get the response and adoration you deserve.

Try Reactions now! We hope your reaction is <3.

Updated, 2:30 PM: Corrected to say that Reactions is a Layouts-only feature.

— taj
Get more news from the Blogger team at the Blogger Buzz blog

The latest from Blogger in Draft

New feature: Geotagging

December 10, 2008permalink
We’ve just added geotagging to the new post editor on Blogger in draft. With geotagging, you can add a location to your each of your blog posts. Just as time stamps help readers find posts from a certain date or time, geotags give your readers a way to browse posts near a specific location.

Adding a geotag to your post is easy. Log into draft.blogger.com, open the post editor, and click the add location link below the main text field.

Use the location editor to search, drag, click and zoom on a map to choose and save a location. We’ll try to label the location you choose using our reverse geocoder, which looks up a name for a point on the map. You can also edit the location name by clicking the blue location name text below the search field.

When you publish your post, the geotag is displayed below your blog post as a link, which will open up Google Maps.

We also include each post’s location in your blog’s RSS and Atom feeds using GeoRSS, a standard for geotagging. This means that feed readers, map applications and search engines can associate your posts with their locations.

We’re still working on other ways to show geotag information on your blog. Brian, the Google engineer who created this feature in his 20% time, has written a gadget that will display your posts on a map. To add it to your blog, click “Add Your Own” on the “Add a Gadget” page and paste in this URL: http://blogmap-gadget.googlecode.com/svn/trunk/blogmap.xml

Geotagging has a few known issues. We’ll be addressing them shortly, but here are some suggested workarounds for the near-term:

What types of posts are you adding a location to? What other functionality would you like to see in this feature? Leave us a comment and let us know what you think!
— Brian
Learn more about upcoming features at Blogger in Draft

The latest Blogs of Note

January 7, 2009
January 6, 2009
January 5, 2009
January 2, 2009
January 1, 2009
December 31, 2008
December 30, 2008
December 29, 2008
December 26, 2008
December 25, 2008
See more Blogs of Note

Blogs

Items

New update on Blogger Buzz – View posts
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posted by John Mahoney at Gizmodo – 31 seconds ago
On top of their Blu-ray-packing BD series, Sharp’s E-series is new for CES. Sharp’s big-panel LCD prowess lets them hit 65-inches for under 5 grand—a size (and price) we’re not seeing a lot of. Price an…

Find Out How to Get Employer Discounts From Your Cellphone Provider [Dealzmodo]

>Don White’s Other Blogs–Try Them

>

Complete List of Don White’s Blogs

Affinity: Don White’s Sunshine Cabal Always show
46 Posts, last published on Jan 7, 2009
New Product Clearinghouse Always show
53 Posts, last published on Jan 7, 2009
House ABC’s Always show
126 Posts, last published on Jan 7, 2009
His Heart Pounds To The Tempo of Hers Always show
22 Posts, last published on Jan 7, 2009
Yankee Wizard Always show
153 Posts, last published on Jan 7, 2009
Church Wire Always show
4 Posts, last published on Jan 5, 2009
Discrimination Always show
38 Posts, last published on Jan 5, 2009
Anger Stimulates Action Always show
225 Posts, last published on Jan 5, 2009
Political Disconnect Always show
287 Posts, last published on Jan 5, 2009
Don White Portfolio Always show
298 Posts, last published on Jan 5, 2009
Job World: World Organization of Work Always show
70 Posts, last published on Jan 4, 2009
Women Love and Men Admire Always show
52 Posts, last published on Jan 2, 2009
COSMIC Light LOGIC Always show
104 Posts, last published on Jan 2, 2009
BODY & MIND ATTRACTION Always show
58 Posts, last published on Jan 2, 2009
FAMILY HISTORY Always show
47 Posts, last published on Jan 1, 2009
Women Love & Men Admire Always show
51 Posts, last published on Dec 31, 2008
Auto Always show
62 Posts, last published on Dec 31, 2008
Auto Ecstasy . . . Always show
41 Posts, last published on Dec 31, 2008
Hot Air Machine Always show
6 Posts, last published on Dec 31, 2008
WOW1 Always show
68 Posts, last published on Dec 31, 2008
Displaying 20 of 20 blogs – Show all Minimize list

var BLOG_feedlessStreamId = “feed/none” Reading List

The latest from Blogger Buzz

Your blog, your data

December 10, 2008permalink
Today’s release features a brand new graduate from the Blogger in Draft testing ground: Import and Export for Blogger blogs.

The import/export feature opens up a whole new range of portability for your blogs, as well as allows for a few new options in the blog creation process. To get you started, we’ve rounded up a handful of ideas that can be done with importing and exporting:

You can access Import and Export from the Blog Tools section on the Settings | Basic tab.
We have also added new importing options to the blog creation process:
For some more detailed info on all of the things you can do with Import and Export, please check out our accompanying help article.

A couple caveats

— JJ from the Data Liberation Front

iLike: Add a soundtrack to your blog

December 5, 2008permalink
Sometimes we stumble across gadgets that are just too cool to keep to ourselves. And such is the case with the slick iLike gadget, which should be a real treat for all of you Blogger audiophiles out there.

iLike brings music to your blog by letting you embed and share playlists that you make yourself. Using their simple interface, you can organize and arrange your tunes, then seamlessly integrate them into your blog’s sidebar.


To get started, head on over to the playlist editor and build up your list of tunes from the iLike database. When you are finished, simply click the orange ‘Done!’ button at the bottom of the page, and you will be taken to a preview of what your playlist will look like on Blogger.

If everything looks good, click the orange ‘Add to Blogger’ button to go to Blogger’s Import Page Element Page (if not already signed in you will be prompted to do so.) Then choose the blog which you want to have the playlist, and click ‘Add Widget.’

The iLike gadget will now show up in your blog’s page elements editor for you to arrange as you wish. Pretty cool, eh?

Keep in mind though that playlist editor feature of iLike is still technically in beta, so the usual caveats apply. However, if you are feeling extra entrepreneurial you could help out the iLike dev team by answering their quick survey.

— Brett

Reactions: easily engage your readers

November 6, 2008permalink
One of our goals at Blogger is to make it easy for authors to get feedback on their content; we believe that authors are driven in part by the reactions and criticisms offered by their readers, and that these interactions enhance the quality of blog content. In support of this effort, we’re launching Reactions, simple annotations chosen by authors and given by readers.
With Reactions, readers can easily respond with one click, increasing feedback on posts.
Photo by Kevin Steele

To enable Reactions, log in to your dashboard, go to Layout > Page Elements and click the Edit link in the Blog Posts element to open the blog post configuration tool. Then, check the box next to Reactions, edit your reactions as a comma-separated list, and click Save.

Reactions works with Layouts templates, though if your template is heavily customized, you may have to reset your widget templates for Reactions to appear. If you have a Classic template you will need to switch to Layouts to use Reactions.

Of course, Reactions isn’t the only way to gather great feedback from readers; we also recently launched the Embedded Comment Form. With both Reactions and better commenting, we aim to make it easier for you to get the response and adoration you deserve.

Try Reactions now! We hope your reaction is <3.

Updated, 2:30 PM: Corrected to say that Reactions is a Layouts-only feature.

— taj
Get more news from the Blogger team at the Blogger Buzz blog

The latest from Blogger in Draft

New feature: Geotagging

December 10, 2008permalink
We’ve just added geotagging to the new post editor on Blogger in draft. With geotagging, you can add a location to your each of your blog posts. Just as time stamps help readers find posts from a certain date or time, geotags give your readers a way to browse posts near a specific location.

Adding a geotag to your post is easy. Log into draft.blogger.com, open the post editor, and click the add location link below the main text field.

Use the location editor to search, drag, click and zoom on a map to choose and save a location. We’ll try to label the location you choose using our reverse geocoder, which looks up a name for a point on the map. You can also edit the location name by clicking the blue location name text below the search field.

When you publish your post, the geotag is displayed below your blog post as a link, which will open up Google Maps.

We also include each post’s location in your blog’s RSS and Atom feeds using GeoRSS, a standard for geotagging. This means that feed readers, map applications and search engines can associate your posts with their locations.

We’re still working on other ways to show geotag information on your blog. Brian, the Google engineer who created this feature in his 20% time, has written a gadget that will display your posts on a map. To add it to your blog, click “Add Your Own” on the “Add a Gadget” page and paste in this URL: http://blogmap-gadget.googlecode.com/svn/trunk/blogmap.xml

Geotagging has a few known issues. We’ll be addressing them shortly, but here are some suggested workarounds for the near-term:

What types of posts are you adding a location to? What other functionality would you like to see in this feature? Leave us a comment and let us know what you think!
— Brian
Learn more about upcoming features at Blogger in Draft

The latest Blogs of Note

January 7, 2009
January 6, 2009
January 5, 2009
January 2, 2009
January 1, 2009
December 31, 2008
December 30, 2008
December 29, 2008
December 26, 2008
December 25, 2008
See more Blogs of Note

Blogs

Items

New update on Blogger Buzz – View posts
Loading…
posted by John Mahoney at Gizmodo – 31 seconds ago
On top of their Blu-ray-packing BD series, Sharp’s E-series is new for CES. Sharp’s big-panel LCD prowess lets them hit 65-inches for under 5 grand—a size (and price) we’re not seeing a lot of. Price an…

Find Out How to Get Employer Discounts From Your Cellphone Provider [Dealzmodo]