Shaun,

Don't be so sure. The liberals need to feed the military/industrial complex as much as the neo-cons. Evidence the fact that we had troops on three continents during the Clinton admin (Bosnia, Somalia, Haiti). And don't forget the bombing of an aspirin factory in Sudan, just for show.

Military hardware is one of the few things that we still manufacture in this country. The only way to justify buying new stuff is to use the old.

Today, we have the "perfect war" against an undefined enemy, terror, and no way to declare victory. It can be sustained for many decades.

Under a more openly socialist, aka liberal, president and congress, we might not have gone to war in Iraq, but we would have troops on the ground somewhere. You know damned well that we would have troops in Darfur trying to play world cop. Worse yet, our troops would be under the command of the U.N., an institution dedicated to erasing the influence of the U.S. and the advancement of a one-world government.

Alan Greenspan understood the power held by the Federal Reserve and the evil that could be done with it long before he was chairman and admitted it while he was enthroned.


"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. The abandonment of the gold standard made it possible for welfare statists to use the banking system as a means to an unlimited expansion of credit (debt creation)" - Alan Greenspan (#8), 1966

"It was the case that the price level in 1929 was not much different, on net, from what it had been in 1800. But, in the two decades following the abandonment of the gold standard in 1933, the consumer price index in the United States nearly doubled. And, in the four decades after that, prices quintupled. Monetary policy, unleashed from the constraint of domestic gold convertibility, has allowed a persistent over issuance of money. As recently as a decade ago, central bankers, having witnessed more than a half-century of chronic inflation, appeared to confirm that a fiat currency was inherently subject to excess." -
Chairman Alan Greenspan Before the Economic Club of New York, December 19, 2002 "Issues for Monetary Policy"

I never realized that Ken Pollack was a Bush war-for-oil conspirator and propagandist. And you are right -- who needs to read a book before judging what lies beneath its cover.

Clinton or no Clinton, liberals or no liberals, we have troops on every continent with the possible exception of Antarctica, and I'd bet we have troops there too. We can, and so we do, control the behavior of every nation on the planet. Pretty unfair, wouldn't you say, for third world countries to hate us because we control them for our own purposes? If you don't consider terrorism recruiting in this light, then you're never going to "get it."

I too do not visit liberal websites. If, standing behind me right now, you asked me to find one, I'd have to guess. I'm guessing that www.moveon.org is one? I have no idea.

Can a robust economy cause its own inflation? I mean, separate from the Fed placing too much money into the economy? What has the economy done during the period discussed (1920 to present)?

In a robust and fast-growing economy, what happens if the supply of money does not increase? Can this be a barrier to economic growth? What happens to the price of money in this scenario?

Here is more of the Greenspan thinking from 1966:

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit (debt creation)." by Allan Greenspan (#8) in The Objectivist newsletter published in 1966, reprinted in Ayn Rand's Capitalism: The Unknown Ideal.

The Fed rapes and pillages and the government continues to move us toward a totalitarian communist regime by expansion of the welfare state at the direction of their masters: The Fed.

To answer your question about the economy since 1920, what the Fed has done is to reduce a dollar earned in 1920 to 9.5 cents. Having departed from the gold standard, there remained no restraint on the Fed's ability to pump money into the economy, create mountains of debt and rampant inflation.

You wanted to hear from economists? Here's one:

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." Lord John Maynard Keynes (1883-1946), renowned British economist

So the Fed is Emperor Palpatine who enjoys the conflict between the Republican clones and the Democrat droids. The Emperor always wins because he pulls the strings on both. Likewise as the political winds shift from Liberal Democrats to Neo-Cons and back, The Federal Reserve has not a care in the world. No one is beyond their reach.

How interesting, U boyz make the Scare Crow from the Wizard of OZ seem like a genius. Shaun where didja get your ouotes, the talking points from Move On.Org? On Ramp, Lothar, Stuart and Nota ignorance must be bliss.

I just listened to the Greenspan interview on Charlie Rose. I suggest that you Boyz click on C Roses web site and watch the interview.

First of all Greenspan said that the USAs supply of oil is tenous, and if the US doesn't get its supply the economic "system" is in BIG TROUBLE..."Catastrophic" was the word used.

Second, he said Sadam was always trying to get control of the oil in the Region and the US can not afford to be "blackmailed" or held hostage by a dictator, and thats why the US decided to take out Sadam.

Therefore AG is basically saying the same thing I have said over and over....That the the toppling of Sadam was not about oil per say but the fact that oil is the life blood of the Global economic system. Without a steady stream of oil we are FKED....

I also have been saying that GW has led the USA to the brink of the abyss as well. In that if Iraq goes bang and the Region is dragged into a war where the supplly of oil is either in jeapordy or the flow is interupted WE ARE FKED....KISS EVERYTHING U HAVE AND KNOW GOODBYE.

The function of the Federal Reserve folks is to insure that the economic sytem in the US and now world has liquidity so that assets such as stocks, bonds, bank accounts, currency, hard assets and RE has value. For without the ability of being able to sell an asset as mentioned above and turn it ino cash...WE ARE FKED.

I have also been saying that the reason the Fed dropped interest rates to 1% after 911 is to insure that the economic system remained liquid after such a shock to the systyem.

AG also said that Cheney and Rummy are good guys who are only guility of making the wrong decisions at the wrong time. However if events had turned out differently and the US had suffered further attacks on our soil, Cheneys and Rummys decsions might have looked like genius instead. It was also brought up that Americans have voluntarily given up some of our freedoms for a little bit of security...like I said threaten to take away your Porsche and YOU will bend over for the man. Americans have become *******s.

One little aside here our new Fed Chairman Mr Breneke field of expertise is the Great Depression of the 1930s which was largely brought on by the lack of liquidity in the economy. Someone sure picked the right guy to head the Fed...cause if ya have beeen paying attention the latest volatility in the financial markets have been over the issue of liquidity. Everybody got paniced that all those Sub Prime RE loans would go into default, so you couldn't sell a package of loans to an investor for love nor money, which caused their value to plummet. Meanwhile the average investors got paniced and wanted their money out NOW of those institutions that had those loans as part of their portfolios. So those institutions had to start dumping other assets to meet the demand of
their investors...One vicious downward spiral that if the Fed did not act to pump liquidity into the system WE WOULD BE FKED as in kiss everything you have and know goodbye.

So U can THANK ole GW Bush for selecting Brenke.

Clinton or no Clinton, liberals or no liberals, we have troops on every continent with the possible exception of Antarctica, and I'd bet we have troops there too. We can, and so we do, control the behavior of every nation on the planet. Pretty unfair, wouldn't you say, for third world countries to hate us because we control them for our own purposes?


Well Stupidman...if U weren't a hypocrit you'd be living in Montana in a shack like Teddy Kozinski's. He truly walked the walk of the true anti-business, anti-imperialist and anti-technologist. Everything you have in the world is a direct result/benfit of those imperialist policies of those Greedy guys on Wall Street and in Washington. So get real and take a good look at yourself in the light of day Super...Your sucking on the tit of the third worlds misery just like everybody else in America.

Its either your standard of living/way of life or Islam thats going to have to give way. So which do U choose??? U don't get to sit on the sidelines anymore and equivicate about how insensative the US is to other peoples in the world. U either join the Great Satan and go to he11 for it or join the rightous forces of Allah and Islam.

A centralized bank in control of the money supply is a feature of communism (please see the 10 planks of the Communist Manifesto), not the constitutional republic established by The Constitution. Its establishment was unconstitutional and the Federal Reserve Act of 1913 should be abolished for that reason.

If the Government has constitutional authority to print money, why would they give that authority to a collection of private entities and then borrow from them with interest? It's just stupid.

This is fking brillance at work...the Fed was established so that guys like JP Morgan wouldn't have to get his friends to help bail out the US financial markets in times of liquidity crisis.