My Letter to Rep. Nydia Velazquez (D-NY 12th District) for Support of H.R. 1207

 Posted by on 2009-06-09 at 19:24  Economy, Editorial, News, Politics  Comments Off on My Letter to Rep. Nydia Velazquez (D-NY 12th District) for Support of H.R. 1207
Jun 092009
 

I’ve been pushing my representative Nydia Velazquez (D-NY 12th District) to support H.R. 1207: Federal Reserve Transparency Act of 2009 for several weeks now. I’ve made phone calls, tonight I wrote a letter. That letter is below:

Dear Rep. Velazquez,

I won’t bore you with a form letter. I am writing today to ask you co-sponsor HR 1207 to allow the G.A.O. to audit the Federal Reserve.

As a member of the financial services committee you are in a unique position to help further President Obama’s promise of transparency and vote in this bi-partisan issue. This bill has over 200 sponsors from both sides of the isle, and is now being considered by your committee for further action.

There is no logical reason why the Federal Reserve shouldn’t be audited by Congress. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.

If you are not going to support HR 1207, I would appreciate a letter from your office with the reasoning behind your decision, so that I may further understand all sides of this issue. At this point I see no logical reason why this shouldn’t be supported by all members of congress.

Thank you for your time and consideration in this very important matter. We have a historical opportunity to change this country for the better, and I hope we can make it happen.

-Concerned constituent in NYC

I encourage everyone to contact their members of congress and ask that hey support H.R. 1207. There are currently over 200 cosponsors as of today (June 9, 2009), both Democrats and Republicans.

Frontline: Inside the Meltdown – Watch It Streaming Online

 Posted by on 2009-02-18 at 10:30  Economy, Featured, Politics, Video  Comments Off on Frontline: Inside the Meltdown – Watch It Streaming Online
Feb 182009
 

Everyone should watch the episode of Frontline: Inside the Meltdown that aired Feb 17, 2009.  It gives a great chronological of what lead up to our current economic crisis.  What really gets me, is how there were certain people (think Ron Paul) saying that this event would happen back in 2007 or earlier, yet they  are and were ridiculed for sounding the warnings about an imminent disaster.  Hindsight may be 20/20 as the old saying goes, but it does not make any difference if you don’t learn from the experience.

We will continue to see the same problems over the next few years, only worse.  As I write this, the DOW sits at 7495(!!!) and people continue to lose their jobs, homes, and savings.  Yesterday our new President Obama has signed into law another bailout bill, and by the market’s reactions, it is probably not going to help.  Many of the same people who’ve gotten us into this mess in the first place are still in positions of power in both government and private industry.  The fools in the US Government continue to give $BILLIONS$ (In reality it’s now in the $$TRILLIONS$$) to their old pals in the private sector that caused this mess through greed and corruption. Now millions of American tax payers for generations to come will suffer the consequences, while these greedy bastards continue to live the good life.

There are many people who feel they have the solution to our problems.  Truth is, nobody knows what the best fix will be, but I can tell you printing money and giving it away to the same people who fucked us in the first place, is not the solution.  Harder times are on the horizon.

Please enjoy the episode of PBS’ Frontline: Inside the Meltdown.  Encourage others to see and understand how this mess has happened, and continue to educate those close to you.

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Dec 172008
 

I am posting this letter from Congressman Dr. Ron Paul because his message is more important now than ever.  During the 2008 Republican primary race Dr. Paul was ridiculed and belittled for warning about exactly what is hapening in the economy today.  The vast majority of people didn’t want to heed his warnings and advice, and as a result they lost a lot of money, and are now struggling to make ends meet.  All the while they still do not understand why this all is happening.  It is not the fault of free market capitalism, it is the result of greedy elite, broken monetary policy by the (Private) Federal Reserve Banks, and corrupt politicians on both sides of the isle.  I hope you read this letter and decide to help Ron Paul in his continuing quest to restore America to greatness.

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Money As Debt

 Posted by on 2008-06-03 at 11:53  Economy, News, Politics, Video  1 Response »
Jun 032008
 

I find that most people do not understand how money and credit work, how it came to be, and why the economy functions as it does. These are basic concepts that aren’t really taught in school. It’s amazing that when you try to explain these things to people, their eyes glaze over and they are not interested, despite the fact that virtually everyone living in a capitalist society has to handle some form of money.

I think most people would be amazed if they found out that banks create money out of “thin air”, most would even disbelieve the concept. Banks create money out of debt. When you go to take a loan from a bank, you are not borrowing on someone else’s savings, the bank is basically printing the money on demand. Our economy survives because people are in debt. If all debt were to be repaid, there would be virtually no money left. It boggles the mind.

The following video “Money As Debt” breaks down how our money system works in simple terms, that is easy for anyone to understand. I believe everyone should watch this video at least once to gain a basic understanding on how the monetary system works, and what it means for you and your family. This video simply lays out “how it is”. Enjoy.
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