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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

>Big Spending, Small Results

>This is the tail end of a Michael Moore Wall Street Journal story about foolish people and outrageous spending. You know what I’m talking about — Democrats in the White House and in Congress and the non-focused spending we’ve seen these past several months. it’s nothing more than amateurs’ efforts to right the ship of state and it isn’t working.

Here it is:

We are closing in on stagnant Western European levels of government intrusion into the economy. That economic model, by the way, which the left in the United States openly wants to emulate, has created half the jobs that the United States has over the past two decades and generated half the growth rates. Is it any wonder that the Chinese want an extra guarantee on U.S. Treasury debt and say it might be time for a new reserve currency?
I have never been a fear monger when it comes to deficits and debt. If the economy grows faster than the debt, as occurred in the 1980s and 1990s then the nation’s burden of financing government borrowing becomes smaller over time. Incurring debt is legitimate, moreover, if the borrowing is paying for future prosperity. The 1980s deficits were probably one of the highest-return investments in American history. We bought a victory over the Evil Empire in the Cold War and borrowed to finance reductions in tax rates that launched America’s greatest ever period of wealth and prosperity: 1982-2007. The national debt grew by about $6 trillion while U.S. net wealth grew by $40 trillion. A pretty good trade.
This debt we are now incurring is paying for windmills, unemployment benefits, new cars for federal employees, weatherizing homes, high-speed trains to nowhere, and the like. It buys almost nothing of long-term economic benefit. Most of the money that has been borrowed since September 2008 has been used to bail out irresponsible borrowers, failed financial institutions and car companies, and for expansions of welfare programs. The three biggest areas of government expenditure increases sought by the Obama budget are education, energy, and health care. Any unbiased assessment of the return on investment–to use an Obama term–for these programs would find dismally low payoffs for taxpayers. Government programs are the only things in the world that when they yield failing results, we reward them with more money.
Some five years ago Tom -Daschle and many other leading liberals cursed George W. Bush as “the most fiscally irresponsible president in history.” He may have been. But he isn’t anymore.

>Wake Up Finland. Welcome to Kaupunki, Or is It Cowpunki?

>

A good steam helps sauna-mad Finns cope with life

Mon Aug 18, 2008 4:15pm EDT

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By Agnieszka Flak
HELSINKI (Reuters Life!) – Forget horoscopes and fortune-tellers — steam is the hot way to ensure marital bliss for a bride-to-be in sauna-loving Finland.
A few days before Anna Solovjew’s big day, friends invited her to a bridal initiation in a steam room to ensure good fortune in her married life.
“It was the first time I profoundly thought over what getting married and married life really means,” Solovjew said.
One of her fellow bathers rubbed salt into her back and whipped her with a whisk to chase away all her old loves.
All those present poured milk on the bride’s body symbolically to impart gentleness to her married life and honey to ensure the union would soon produce children.
“After that, I was more ready to tie the knot and was totally sure I wanted to do it,” she said.
The ritual stems from the centuries-old tradition of using a sauna to cleanse the body and the soul.
Finns say the darkness of the room and the scalding hot steam are an escape from everyday troubles and provide an opportunity to indulge in positive thoughts.
The sauna is embedded in Finns’ lifestyle, with one sauna for every three people.
Saunas are found in other parts of the world but the Finns have made it an intrinsic part of their life.
With winter temperatures falling to minus 40 degrees Celsius (minus 40 Fahrenheit) in some parts of the country, in the past the sauna was the room Finns constructed first when building their homes.
“That’s how we survived, because we needed it for the warmth, to wash ourselves and to dry meat,” said Merja Hedman, the head of the 3,800-member Finnish Sauna Society in Helsinki.
OPTIONAL EXTRAS
Routines vary, but the basic idea is the same: basking in temperatures of between 70 to 140 degrees Celsius (160 and 280 Fahrenheit) followed by a quick cool-off.
Having a washing attendant, flaying oneself with birch twigs, plunging into a hole cut into the ice of a frozen lake or rolling in the snow are optional extras.  Continued…


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>Wake Up Finland! Welcome to Your Blog

>

In Finland the title of this blog means city, except it is spelled Kaupunki.
I hope that we can develop a Finnish audience and participation on this blog, because that’s what was intended.

Last I heard, the best high tech company in the world, conceived and located in the beautiful land of Finland, Nokia, was laying off some people.
Can someone comment below and tell me about it.

Also, I would like emails from real Finns in English, with facts and figures on any subject they would like to expound on, and that means almost anything in good taste. There are real Finns all over the world — in Canada, America, South America, Europe, Russia, and especially in Finland. Send it with Subject “Cowpunki” to
dusanotes@yahoo.com
Thanks, Don White
 _________________________________________________________________
dusanotes@yahoo.com

>Don’s Jokes

>

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For Don
Monday January 26, 2009

Life After Death

“Do you believe in life after death?” the boss asked one of his employees.

“Yes, Sir.” the employee replied.

“Well, then, that makes everything just fine,” the boss went on. “After you left early yesterday to go to your grandmother’s funeral, she stopped in to see you.”

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Four-Word Story

Four-word story of employment: Hired, tired, mired, fired.
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Mexican Bandit

A Mexican bandit made a specialty of crossing the Rio Grande from time to time and robbing banks in Texas. Finally, a reward was offered for his capture, and an enterprising Texas ranger decided to track him down.

After a lengthy search, he traced the bandit to his favorite cantina, snuck up behind him, put his trusty six-shooter to the bandit’s head, and said, “You’re under arrest. Tell me where you hid the loot or I’ll blow your brains out.”

But the bandit didn’t speak English, and the Ranger didn’t speak Spanish. Fortunately, a bilingual lawyer was in the saloon and translated the Ranger’s message. The terrified bandit blurted out, in Spanish, that the loot was buried under the oak tree in back of the cantina.

“What did he say?” asked the Ranger.

The lawyer answered, “He said ‘Get lost, you turkey. You wouldn’t dare shoot me.'”

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Apprentice Blacksmith

The village blacksmith finally found an apprentice willing to work hard for long hours. The blacksmith immediately began his instructions to the lad, “When I take the shoe out of the fire, I’ll lay it on the anvil; and when I nod my head, you hit it with this hammer.”

The apprentice did just as he told. Now he’s the village blacksmith.

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>$100,000 Jobs Go Wanting

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Search 30,000 New $100k+ Positions

Thursday, January 8, 2009 2:16 PM
To:
dusanotes@yahoo.com

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