America’s Rating as a Free Country Continues to Plummet

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This is a sad article for me to post….we are losing our freedoms folks.

Freedom can be defined in many ways. However, one of the greatest indicators of freedom and liberty is economic freedom. True free-market capitalism is the basis of individual liberty. However, America is no longer a top 5 contender, and we haven’t been for a years. Actually, America is barely even in the top 10. The 2012 Index of Economic Freedom study reports that America continues to fail. Who took first place in economic freedom in 2012? The

Source:http://www.gfmag.com/tools/global-database/economic-data/12067-economic-freedom-by-country.html#axzz2JI3AV7Pz

Source: http://www.gfmag.com/tools/global-database/economic-data/12067-economic-freedom-by-country.html#axzz2JI3AV7Pz

answer may surprise you. It was Hong Kong. Hong Kong’s score was an 89.9%, which was a 0.2% increase from 2011. Following Hong Kong in order: Singapore, Australia, New Zealand, Switzerland, Canada, Chile, Mauritius, Ireland, and finally America at number 10. America’s economic freedom score was a 76.3%, which is down 1.5% from 2011. In fact, America is no longer even rated as a “Free” nation, which is a title granted only to countries with a score above 80%, but a “Mostly Free” nation. Right behind America rated at number 11 is Denmark. Denmark places the highest total tax pressure on its citizens in the world.

This study takes the following 10 benchmarks into account when rating countries: Freedom from corruption, property rights, individual fiscal freedom, restrained government spending, monetary freedom, business freedom, labor freedom, trade freedom, investment freedom, and financial freedom. As mentioned earlier, economic freedom is more vast than it may sound on the surface. It includes all of the above benchmarks, which affect our everyday lives. Money is not the root of all evil; however it is at the root of our lives and if we are not economically free one must ask themselves if our freedom simply a fallacy. There are 9 other countries more economically free than America and our rating is dropping drastically. In 2010, America was rated number 8.  With the numbers trending down and all of the benchmarks trending towards negative values America’s rating should not be expected to improve when the 2013 ratings are released.

There can be no liberty unless there is economic liberty. -Margaret Thatcher

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Fed Sends Thank You Letters To Congress For Letting Them Destroy Our Economy In Secret

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It was Politico that first broke the story about the thank you letters that Federal Reserve Chairman Ben Bernanke sent to five members of Congress back in July.  Bernanke acknowledged in the letters that there was never any worry that the “Audit the Fed” bill would actually get through Congress and be signed into law, but he was still extremely grateful that a number of members of Congress got up and publicly denounced the bill….

In July, the Fed chairman sent letters of gratitude to five Democratic members of Congress after they delivered speeches on the House floor urging fellow lawmakers to reject the “Audit the Fed” bill authored by retiring Texas Republican Ron Paul, the central bank’s chief antagonist.

Their efforts failed to defeat the bill, but they were not in vain, at least in Bernanke’s eyes.

“While the outcome of the vote was not in doubt, your willingness to stand up for the independence of the Federal Reserve is greatly appreciated,” Bernanke wrote in the letters, which were obtained by POLITICO through a Freedom of Information Act request.

So who did Bernanke send those letters to?

According to Politico, the thank you letters were delivered to U.S. Representatives Barney Frank, Elijah Cummings, Melvin Watt, Carolyn Maloney and Steny Hoyer.

By refusing to take action against the Federal Reserve, the U.S. Congress is silently endorsing their incredibly foolish policies.

Sadly, most Americans don’t even realize that the Federal Reserve has more control over our economy than anyone else does.  Most Americans that are actually concerned about politics are busy arguing over whether Obama or Romney will be better for the economy when it is actually the Fed that controls the levers of economic power.

Just think about it.

The Federal Reserve played a major role in creating the housing bubble which severely damaged our financial system a few years ago.

As the chart below shows, after 9/11 the Federal Reserve dropped interest rates to historically low levels.  This allowed potential home buyers to get into much larger mortgages, and the big banks (which the Fed supposedly “regulates”) started making home loans to almost anyone with a pulse.

When interest rates started to go back up to normal levels in 2005, many home owners discovered that their adjustable rate mortgages started to become much more painful.  By 2007, we started to see a massive wave of mortgage defaults.  In 2008, the financial system crashed.

In response to the financial crisis of 2008, the Federal Reserve dropped interest rates to record low levels.  The effective federal funds rate is essentially at zero at this point, and the Fed has promised to keep interest rates at ultra-low levels all of the way into 2015.

But didn’t artificially low interest rates cause many of our problems in the first place?  The central planners over at the Fed are convinced that this is the right course for our economy, but can we really live in a zero interest rate bubble indefinitely?  Won’t this eventually cause even greater problems?….

The Fed is also destroying our economy by recklessly printing money.

Once upon a time, the U.S. monetary base rose at a very steady pace.  But since the financial crisis of 2008, Ben Bernanke has been flooding the financial system with money and this has caused an unprecedented explosion in our money supply.

It isn’t too hard to see from this chart what the foolish “quantitative easing” policies of the Federal Reserve have done to our monetary base….

Fortunately a lot of the money from previous rounds of quantitative easing is being stashed by the big banks as “excess reserves” with the Federal Reserve, but when that money starts flowing into the “real economy” (and it will at some point), we are going to have a major problem on our hands.

But more than tripling our monetary base was not enough for Bernanke.  He recently announced yet another round of quantitative easing which he says will last indefinitely.

Basically, Bernanke is taking a sledgehammer to the U.S. dollar.  Our currency is being systematically destroyed, and the U.S. Congress is standing by and doing nothing.

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Media Blackout: Ron Paul Calls Out Herman Cain For Lie Over Fed Audit During GOP Debate

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Well I believe this is a first for me. I don’t think I’ve ever posted an article from the Huffington Post ….but here goes…..because have you heard about this on CNN or Fox News?  I don’t think so, at least not as of today.

I might add, I just found out not too long ago that Herman Cain was head of the Kansas City Federal Reserve office…folks that is not a good sign for Mr. Cain. To me, it means he’s not the friend of the Tea Party like we might think he is. We better be careful of voting for him based on this fact alone.

Do you still stick by this, that that this is frivolous, or do you think it’s very important? Sixty-four percent of the American people want a full audit of the Fed on a regular basis.”

Cain said that, in fact, he didn’t oppose an audit, and that when he served on the Fed it was a different institution. “You have misquoted me. I did not call you or any of your people ignorant. I don’t know where that came from,” he said. “You’ve gotta be careful of the stuff you get off the Internet.”

A careful check of the Internet, however — guided by the Paul campaign — turns up audio of Cain saying just what Paul accused him of saying. As recently as 2010, long after the Fed began engaging in the lending Cain says he opposed, Cain belittled those calling for an audit.

Cain said, “Some people say that we ought to audit the Fed. Here’s what I do know. The Federal Reserve already has so many internal audits it’s ridiculous. I don’t know why people think we’re gonna learn this great amount of information by auditing the Federal Reserve. I think a lot of people are calling for this audit of the Federal Reserve because they don’t know enough about it. There’s no hidden secrets going on in the Federal Reserve to my knowledge,” he said.

Glenn Beck’s Decline: What Caused It?

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What’s going on with Glenn Beck? Or is this the elite’s propaganda trying to get rid of Beck?

Glenn Beck’s Decline: What Caused It?

Six months ago, Glenn Beck held his “Restoring Honor” rally on the
National Mall, drawing a crowd of about 100,000. Newspapers and
magazines featured the rally on front pages around the country. The next
month, The New York Times Magazine devoted a cover story to him. “In record time,” the piece observed, “Beck has traveled the loop of curiosity to ratings bonanza to self-parody to sage.”

Just six months later, however, Beck seems to have traveled somewhere
else entirely. His ratings and reputation are in steep decline: His
show has lost more than one million viewers over the course of the past
year, falling from an average of 2.9 million in January 2010 to 1.8
million in January 2011. He now ranks fifth among Fox’s six weekday talk
hosts, trailing lesser-known personalities like Shepard Smith and Bret
Baier. Beck’s three-hour radio show has been dropped in several major
cities, including New York and Philadelphia, and has seen a ratings
decline in most other markets.

Beck’s commercial viability also seems to have suffered. His viewership
among 25- to 54-year-olds, a prized advertising demographic, declined by
almost one-half in 2010. An advertising boycott organized by liberal
groups has caused over 300 companies—including Procter & Gamble,
UPS, Coca-Cola, and Wal-Mart—to stop showing commercials during Beck’s
show. The Beck brand isn’t what it used to be off the airwaves either:
His most recent non-fiction book, Broke: The Plan to Restore Our Trust, Truth and Treasure, was his first book in eight years not to reach number one on The New York Times best-seller list.

Recently, however, conservatives have been criticizing Beck openly.
Bill O’Reilly, who feted him for an hour after the Restoring Honor
rally, has rapidly become more and more dismissive. The Weekly Standard’s Bill Kristol has criticized Beck’s “rants about the caliphate taking over the Middle East.” Conservative Washington Post blogger Jennifer Rubin called Beck a “ranting extremist,” and former Bush administration staffer Pete Wehner wrote for Commentary’s website, “If conservatism were ever to hitch its wagon to this self-described rodeo clown, it would collapse as a movement.”
What happened? Beck built a following by making outlandish,
conspiratorial claims—about ACORN, Obama, and so on. (Bizarrely, his
extremism may have augmented the number of curious liberal viewers
tuning in: A Pew Research Center poll from last September found that 9
percent of Beck’s Fox viewers identified as Democrats, and 21 percent as
moderates or liberals.) But “anytime you have extreme stimulus,” says
Alexander Zaitchik, author of the unauthorized Beck biography Common Nonsense, “you’ll have diminishing returns.”

To be fair, Beck’s decline may be stark in part because of the
extraordinary rapidity of his earlier ascent. “What he was doing in his
first two years was unprecedented,” says Zaitchik. And Michael Harrison
of Talkers, a radio trade publication, cautions that, “in radio,”
one has “to look [at] over a year’s ratings. … It’s just too soon to
determine anything.”

Then there is always the possibility he will still recover. Beck has
successfully changed his persona before: He was a morning drive-time DJ
on Top 40 stations long before becoming a political pundit. “He’s a
showman,” says Harrison. “I have no doubt in my mind” he’ll adapt. On
the other hand, maybe Beck really has reached a tipping point.
Demagogues, after all, have a way of outwearing their welcome.

New Republic

The Federal Reserve: History of Lies, Thievery, and Deceit

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This is a very interesting and factual article:

The Federal Reserve: History of Lies, Thievery, and Deceit 

by Dr. Ken Matto

Former Congressional Candidate, 6th District N.J.

“I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt.”

-Thomas Jefferson

Did You Ever Wonder Why The National Debt Keeps Going Up and Up?

One of the most ungodly and fraudulent institutions ever perpetrated on the American people and the world, is the Federal Reserve System which through deceit became the central bank of the United States in 1913. The idea came about on a meeting in Jekyll Island off the coast of Georgia in 1910. The bankers in this country, especially J.P. Morgan, created a currency panic in 1907 in order to get the American people to accept the idea of a central bank.

A central bank already existed in England from as far back as 1694. The Rothschilds completely dominate the banking system. It is estimated their wealth goes into the trillions.

Baron Nathan Mayer Rothschild boasted:

• “I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man that controls Britain’s money supply controls the British Empire, and I control the British money supply.”

The idea of a central bank is to so enslave the people of the country to a debt money system that you continue to collect taxes continuously which just covers the interest. The duped people of the United States are paying about $400 billion dollars per year to the IRS which is the collection agency for the Federal Reserve. By the way, the Federal Reserve is a privately owned bank with 10 private members. The Chase Manhattan Bank is a member which is owned by the Rockefellers who are Rothschild Agents. I will list the ten member banks at the end of this article..

At this point the citizens of the United States falsely owe these lemmings over 13 trillion dollars. Have you ever asked the following question?

WHO HAS THAT MUCH MONEY TO LOAN TO THE UNITED STATES?

Read the entire article @ Scion of Zion

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Where is the Money Mr. Bernanke?

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This is Rep. Alan Grayson, a liberal Democrat from Florida, who was defeated this election.  He is well known in Washington for agreeing with Ron Paul’s questioning of the Fed.  Watch this and the hair on the back of your neck will raise.  Who knows where the money is going? This is the Chief Inspector General for the Fed, Elizabeth Coleman. Here is the ineptness of Washington at it’s best:

 

You mean GM and Chrysler weren’t the only ones?

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So, Ford was bragging about not taking any bailouts, GM was the only bad one…and we were sending US dollars to bail out foreign carmakers too?  Well, why not, we apparently are going to bail out the EU too.  Sure, let the taxpayers suffer, let the unemployed suffer, but by golly, lets help everyone outside this country.  I can’t wait for the progressives to go home..

Ford, BMW, Toyota Took Secret Government Money

Ford, BMW, Toyota Took Secret Government Money In the depths of the financial collapse, the U.S. Federal Reserve pumped $3.3 trillion into keeping credit moving through the economy. It eventually lent $57.9 billion to the auto industry — including $26.8 billion to Ford, Toyota and BMW.

The Fed on Wednesday was forced to reveal the identity of the companies it aided during the crisis, after contending to Congress that keeping their identities and the details of such lending secret was essential. Much of Wall Street, and corporate giants such as General Electric, Harley Davidson and McDonald’s, took advantage of the Fed’s help. We’ve done the math on how the Fed propped up the auto industry.

While Chrysler and General Motors had to go to Congress to beg for cash in 2008, every other automaker’s finance arm was having trouble as well. Typically, once they lend money to a buyer, they sell the loan, get the cash upfront, then pump the proceeds back into the business. They also take out short-term loans called commercial paper that keeps the day-to-day business afloat. The crash cut the circuit, raising the chances the automakers couldn’t make loans to buyers and keep selling new vehicles.

That’s where the Fed stepped in. In normal circumstances, the Fed only lends money to banks, leaving the decisions about who should get credit to them. But when the financial markets started to collapse in late 2008, the Fed set up several programs to lend money directly to corporations, a highly unusual step.

According to the data, from October 2008 through June 2009 the fed bought $45.1 billion in commercial paper from the credit arms of four automakers – Ford, BMW, Chrysler and Toyota – along with GMAC (the former General Motors credit arm). Of those, Ford sold the most, with $15.9 billion.

The Fed also lent $13 billion to investors who bought bonds backed by loans to new car buyers from automakers and banks. The Fed made clear that while investors got the loans, the move was meant to keep the lenders in business; the credit arms of Ford, Chrysler, Nissan, Volkswagen, Honda and Hyundai all benefited directly.

Ford spokeswoman Christin Baker said the two programs “addressed systemic failure in the credit markets, and that neither program was designed for a particular company, or even a particular industry.” Ford Credit has disclosed through SEC filings and conference calls with media and investors that it was taking part in both programs.

BMW told Bloomberg that the Fed lending “supported our financial profile and offered us an additional funding source, especially at times when the money markets and capital markets did not function properly and efficiently.”

According to the Fed, the commercial paper loans have been paid in full, while some $2 billion remains outstanding on loans for bond investors.

The secrecy surrounding the details of the loans only masked how much aid corporate America and Wall Street needed. While General Motors and Chrysler took the brunt of the blowback for relying on government handouts, the reveal of the Fed numbers show that a far bigger slice of the U.S. auto industry needed help.

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