Saturday, November 24, 2007

Inflation redifined for Ron Paul and Ben Bernanke


‘Inflation’ is a word that has too many definitions. Confusion comes from trying to use this word in conversation when the meaning of the word is not concrete. Therefore I am going to follow the teenage mutant ninja turtle’s guideline and invent new words to crack this word into three.

Inflation has 3 definitions.
1- Money supply increase.
2- Overall price of goods and services increase.
3- Currency value decrease, or devaluation
The third meaning comes from the first two and is oxymoronic, for how can a decrease come from the word inflate?
My new words are:
1- Monflation,
2- Priflation, and
3- Demonvaluation.
Cool words huh. Cowabunga dude

When the Federal Reserve chairman is being grilled by my favorite man in politics, Dr. Ron Paul, they are speaking of two different things. Mr. Smooth himself, Ben Bernanke attempts to dismiss Dr. No by stating things that he knows are not 100% true. They both use the word Inflation, but Dr. No is talking about monflation, while Mr. Smooth is talking about priflation; both of which they know produce demonvaluation. Dr. No believes that monflation creates demonvaluation and therefore priflation. Mr. Smooth believes that priflation is controlled by attempting to reduce demonvaluation through keeping interest rates rather than monflation as the criteria.

Most people don’t know it, but the priflation statistics that the Federal Reserve uses are not what you would think. In their “core” CPI (consumer price index), the only relevant data to them regarding priflation, they do not include things that you or I would. You know, things like food, gas, and the price of buying a house. I may not be a rocket scientist, but that is kinda like lying if you ask me. The inflation rate, according to Mr. Smooth (priflation), is 3%, but according to Dr. No (demonvaluation), it is 10%. For some reason, I believe Ron Paul more than Ben Bernanke.

Thursday, November 15, 2007

The Last Ron to run sounds like to the new one

"A Time For Change" Speech for Barry Goldwater in October 1964


O that conservatives were as liberal as Milton Freidman

Tucker Carlson as Press Secretary

Wednesday, November 14, 2007

The Ron Paul Cabinet

Vice President- Mark Sanford/Walter Jones
Chief of Staff- Lew Rockwell
Secretary of State- Lt. Colonel Karen Kwiatkowski
Secretary of Defense- Paul D. Eaton
Deputy Secretary of Defense- Robert Pape
Secretary of Treasury- James Grant
Secretary of the Interior- Walter Williams
Director of National Intelligence- Michael Scheuer
Secretary of Veterans Affairs- John McCain
Director of the Office of Management and Budget- Karen DeCoster
Attorney General- Andrew Napolitano
Press Secretary- John Stossel/ Tucker Carlson

Social Security Administration- Mike Gravel
National Drug Control- Mike Ruppert
Homeland Security- Tom Tancredo
Energy- Michael Badnarik
Education- Kevin Chavous
EPA- Ralph Nader
Transportation- me :0)
Secretary of Commerce- William Grieder
HUD-
Health-
Labor-


CIA- Flynt Leverett

Friday, November 9, 2007

The Amero vs Social Security

The Amero is coming. What is the Amero you ask? The Amero is a new currency that is based on a new international bank and the North American Union. It is a currency that will compete with the dollar as legal tender in Canada, the United States, and Mexico. This new bank is already in existence, so don't think this is a conspiracy "theory" WATCH

The downturn of our economy is precipitating a need for the Amero as the dollar gets weaker and weaker. We are going to see a need for it, but there is a BIG problem, and that is it is unconstitutional and seriously undermines United States soveriegnty. What I propose is something much better AND will have no adverse impact on our economy. In fact it would stimulate it like nothing else. What is that you say?

THE SOCIAL SECURITY BANK

The more I contemplate this idea, the more I like it. It would be politically correct, bipartisan, and have popular support. Not only that, it would lower the federal deficit and repair Social Security at the same time. The only problem is overcoming ignorance from the masses and lack of ignorance from the banking lobby.

In essence it would be a chartered Central Bank that has only one client but tons of investors. It would save Social Security while at the same time lowering the National Debt. The Federal Reserve would have necessary congressional oversight, and the dollar would begin to rise in value.

The chartering of the bank would include rules removing the ability of the Federal Reserve to buy Treasury Securities and requires them to Issue Federal Reserve Securities to borrow the money from the Social Security Bank that it loans to other banks. This new bank would be directly managed by the Congress of the United States, thus making it legal under the Constitution. All the Citizenry can invest in this bank by buying retirement "Social" securities called FEDERAL RESERVE BONDS. The money we inject into this bank will buy these bonds from the Federal Reserve.

Along with the bill chartering this bank new rules will mandate all banks including the Federal Reserve to raise their reserves at a steady rate while keeping the discount and federal funds rates frozen at 5%. This intrest rate rule would end when reserves reach 100%. This will build in a demand for loans from the Federal Reserve, and thus demand for the Federal Reserve to issue Fed Securities to gain this needed money. The Social Security Bank will have NO reserve requirements except for the Federal Government demand deposits. Congress can use tax money to buy Fed bonds if needed. All interest income from these bonds would go into the Treasury.

I haven't gone to college, haven't taken any economics courses, but I have read alot about our monetary system. This looks viable and practical to me, but would gladly take any criticism of it. Am I nuts?

Monday, November 5, 2007