Today’s Report on Monetary Policy summary

Posted on July 16th, 2008 by bile Tags: , , , , , , , , , 4 Comments »

Barney Frank(D):

  • Wants more socialist welfare state programs so the Federal Reserve is more free in manipulating the economy.
  • Thanks Bernanke for opening the discount window to Frannie Mae and Freddie Mac.
  • Excuses Bernanke of criticism for taking too long to act.

Ron Paul(R):

  • Brings up (again) that the Austrians predicted this years ago and yet no one bothers to listen to them.
  • Talks about inflation, its true source, that its actually a hidden tax. Calls Bernanke, as the Fed chair, the biggest taxer in the nation.
  • “Labor never keeps up with inflation.”
  • “What we are seeing here is the collapse of a dollar bubble that has building for the last 30 years.”

Michael Capuano(D):

  • Speaking to Bernanke: “You’ve been bold, contagious. You’ve been the leader … in helping this country. Among those who did is similar in the 1930’s.”
  • “To state that no action should be taken is obviously wrong.”

Donald Manzullo(R):

  • “The evidence for this housing bubble has been around for years. Why did it take the Fed so long to act? And why wait 15 months to implement new regulation?”

David Scott(D):

  • Where are the government incentives for biodiesel? In my own district there is a company doing it. It’s super. Bernanke, don’t you think we should create incentives?
  • Don’t you think we should send out more stimulus checks to people?

Other Random Congressmen:

  • “Chairman Bernanke, you are totally awesome. Good job. Other fawning praise!”

Ben Bernanke:

  • Wants to put more regulation on credit card issuers.
  • “The housing market is the center of these current problems.”
  • Responding to Paul: “I couldn’t agree with you more, inflation is a tax.”
  • “I have complete confidence, as we all should, in the FDIC in that they can cover the insured deposits.”
  • “Even if our forecasts aren’t good we have to take a stab.”

A story of police state excessiveness on innocents

Posted on September 4th, 2007 by bile Categories and Tags: Uncategorized, , , , , , , , , , , ,

 http://freestudents.blogspot.com/…

It was a scene of domestic tranquility. David and Lillian Scott were in their living room talking. Their 15-year-old daughter was in the garage with two friends. Their 16-year-old son was elsewhere in the house feeding the 5-month-old baby. This was just last week in Temecula, California.

Just past 9:30 p.m. a gang of armed men burst through an unlocked front screen door shouting orders that couple and forcing them to the floor. The couple were then handcuffed. They begged to know what was happening and got no answer.

In the garage the men went after the teen aged girls ordering them to “get down on the fucking floor”. They too were handcuffed. And the son was in a similar situation as the armed men forced him to the ground. Lillian could hear her new-born crying and she asked one of the armed thugs if her baby was all right. She says that he “told me if I moved he was going to put a bullet in my head.”

Welcome to the police state. A horrible act performed by those who we are told are there to protect us (though it’s been ruled that the police are not responsible for protecting you). Who’s going to protect us from the protectors?



No Legislation Without Representation Conference

© 2008 blog of bile is powered by Wordpress