Obama is it because he is Black or Democrat

dukeanthony said:

The Racists are just a voting Bloc the Republicans are trying to keep

See Nixon
Southern Strategy

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mame said:

The Fed was legislated into existence and can only be legislated out of existence; It seems any executive order trying to undermine the power of the Fed would also undermine the seperation of powers written into the constitution and therefore would warrant a challenge, wouldn't it?

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Ron Paul said:

Congress created the Federal Reserve, yet it had no constitutional authority to do so. We forget that those powers not explicitly granted to Congress by the Constitution are inherently denied to Congress – and thus the authority to establish a central bank never was given." - Ron Paul

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Even before a currency collapse occurs, the damage done by a fiat system is significant. Our monetary system insidiously transfers wealth from the poor and middle class to the privileged rich. Wages never keep up with the profits of Wall Street and the banks, thus sowing the seeds of class discontent. When economic trouble hits, free markets and free trade often are blamed, while the harmful effects of a fiat monetary system are ignored. We deceive ourselves that all is well with the economy, and ignore the fundamental flaws that are a source of growing discontent among those who have not shared in the abundance of recent years.

Few understand that our consumption and apparent wealth is dependent on a current account deficit of $800 billion per year. This deficit shows that much of our prosperity is based on borrowing rather than a true increase in production. Statistics show year after year that our productive manufacturing jobs continue to go overseas. This phenomenon is not seen as a consequence of the international fiat monetary system, where the United States government benefits as the issuer of the world’s reserve currency.

Government officials consistently claim that inflation is in check at barely 2%, but middle class Americans know that their purchasing power – especially when it comes to housing, energy, medical care, and school tuition – is shrinking much faster than 2% each year.

Even if prices were held in check, in spite of our monetary inflation, concentrating on CPI distracts from the real issue. We must address the important consequences of Fed manipulation of interest rates. When interest rates are artificially low, below market rates, insidious mal-investment and excessive indebtedness inevitably bring about the economic downturn that everyone dreads.

We look at GDP numbers to reassure ourselves that all is well, yet a growing number of Americans still do not enjoy the higher standard of living that monetary inflation brings to the privileged few. Those few have access to the newly created money first, before its value is diluted.

For example: Before the breakdown of the Bretton Woods system, CEO income was about 30 times the average worker’s pay. Today, it’s closer to 500 times. It’s hard to explain this simply by market forces and increases in productivity. One Wall Street firm last year gave out bonuses totaling $16.5 billion. There’s little evidence that this represents free market capitalism.

In 2006 dollars, the minimum wage was $9.50 before the 1971 breakdown of Bretton Woods. Today that dollar is worth $5.15. Congress congratulates itself for raising the minimum wage by mandate, but in reality it has lowered the minimum wage by allowing the Fed to devalue the dollar. We must consider how the growing inequalities created by our monetary system will lead to social discord.

GDP purportedly is now growing at 3.5%, and everyone seems pleased. What we fail to understand is how much government entitlement spending contributes to the increase in the GDP. Rebuilding infrastructure destroyed by hurricanes, which simply gets us back to even, is considered part of GDP growth. Wall Street profits and salaries, pumped up by the Fed’s increase in money, also contribute to GDP statistical growth. Just buying military weapons that contribute nothing to the well being of our citizens, sending money down a rat hole, contributes to GDP growth! Simple price increases caused by Fed monetary inflation contribute to nominal GDP growth. None of these factors represent any kind of real increases in economic output. So we should not carelessly cite misleading GDP figures which don’t truly reflect what is happening in the economy. Bogus GDP figures explain in part why so many people are feeling squeezed despite our supposedly booming economy.

But since our fiat dollar system is not going away anytime soon, it would benefit Congress and the American people to bring more transparency to how and why Fed monetary policy functions.

For starters, the Federal Reserve should:

Begin publishing the M3 statistics again. Let us see the numbers that most accurately reveal how much new money the Fed is pumping into the world economy.
Tell us exactly what the President’s Working Group on Financial Markets does and why.
Explain how interest rates are set. Conservatives profess to support free markets, without wage and price controls. Yet the most important price of all, the price of money as determined by interest rates, is set arbitrarily in secret by the Fed rather than by markets! Why is this policy written in stone? Why is there no congressional input at least?
Change legal tender laws to allow constitutional legal tender (commodity money) to compete domestically with the dollar.

How can a policy of steadily debasing our currency be defended morally, knowing what harm it causes to those who still believe in saving money and assuming responsibility for themselves in their retirement years? Is it any wonder we are a nation of debtors rather than savers?

We need more transparency in how the Federal Reserve carries out monetary policy, and we need it soon.

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deprave said:

Real cute that you buy into his little excuse...real cute

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Filthy Phil said:

[ QUOTE=Beansly;6335309]I thinks it's cause the republicans secretly love him and they can't stand it.
lol

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How is that not true? The republicans NEVER gave him a chance from the beginning. They have been fighti.g against everything he has tried to do, everything. For the people who historically are too stupid to even be able to recognize.they fucked up, they sure are emphatic about not letting anyone else have a try...whys that?

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Beansly said:

I thinks it's cause the republicans secretly love him and they can't stand it.
lol

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deprave said:

theres a lot a president can do without congress, a lot of VERY positive things he could do, as I have discussed in detail on these forums, he has done NOTHING for humanitarianism and NOTHING for progression, NOTHING for the people, same old shit, ZERO CHANGE.

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Filthy Phil said:

Really???? Your nuta, the reason you say hd has done notthing good is because you dismiss everythi.g good he has done and call it bad, agaon, to save face. You dont think trying to give everyo.e health care was something for the people? Or increasing grants for adults to go back to college? And no, there iant a ton you can do without congress, it was intentionally designed that way.

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Bobby2times said:

First off the last portion of this is not a direct attack on you Phil,just some personal rage I have towards grants.

Healthcare for everyone in theory is brilliant,but could It even work for the country that is approaching 15 tril. in debt? I honestly got sick of politics around early 2009(really before that circa 2005 gave up on bush, definitely gave up on Obama), I'm really not sure how he has it set up..But I assume everyone is offered government healthcare and can also buy a plan of their own? I would think it would end up like social security...I'm a middle class white college student, my parents make NOWHERE near enough to send me to school.Yet I don't qualify for a grant.I have to pay for all of my schooling/assets,(apt. car insurance etc. by no means a sob story ,fuck that noise) I hate hearing the fucking word Grant....STUDENT FUCKING LOANS,Everyone should have to get them. Wonder why I smoke weed.

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ihatepolice said:

I don’t know which it is or maybe it’s neither but I never seen so much hatred for a president so what is it and don’t say it’s because he does not do what he says he was going to do because if that’s the case then we would be talking about every president. I’m not posting a thread to bash Obama but I would love to know why he’s hated so much. Is it because he black or democrat.

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Carthoris said:

You remember a guy named Bush? The country hated him more. Was it because he was white? People always turn their anger towards the government in bad times. Obama is the poster child for the current times, just as Bush was before.

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DopeFeen said:

True but who else we going to blame for their piss poor job

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sso said:

hmm, the majority of the people are in debt same as the government, i dont see the difference. both have equally badly run their shit.

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dukeanthony said:

Hey And Fucktard

Afghanistan Never posed a risk to Israel

But they did harbor and give santuary to Terrorists who killed 3000 american men women and children 10 years ago

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Jack Fate said:

I think we need to take over Pakistan to make sure it doesn't get taken over by Islamists who are itching to use a nuke. We're not dealing with rational people here like the Soviet Union or China.

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Carne Seca said:

And trigger a nuclear holocaust. Very smart. Good thing you're in charge.

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