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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Mia Love Addresses the Republican National Convention

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Mayor Mia Love of Saratoga Springs, Utah addresses the 2012 Republican National Convention.

Ron Paul Left Tampa Yesterday and Has TSA Confrontation

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I just can’t help but wonder what were these TSA guys thinking about. This is a US Congressman getting in his private plane. After a protracted examination of Ron Paul’s credentials, the agents demanded they be allowed to check the airplane for explosives.  Explosives!  It appears these TSA guys are on a power trip to me.

Ron, Carol, and one of their granddaughters left the GOP snake pit yesterday afternoon, but the State was not yet through with them. At the little airport in Clearwater, 8 TSA agents descended on them and ordered them not to board their private plane. First, the pilots, the airplane, and the passengers would have to be screened in great detail, because Romney might be nearby. After a long examination of the pilots and their credentials, the agents said they had to check the plane for explosives. One of the pilots noted that the plane, full of aviation fuel, was already a bomb. Then Carol Paul, who has a pacemaker, refused to be screened, and an aide started taking video of the whole rotten process. At that point, the TSA backed down and let them through, to Texas and freedom.

 

LRC

During an interview with CNN, he said the TSA traps Americans into subjecting to the humiliating intrusive procedure at airports.

“There’s no way you can travel if you don’t do it. So I’ve said, you know, when you look at some of these pictures of probing groin areas and breast areas and all this, and old women having to take their clothes off, if we as a people are so complacent that we can look at that and say, oh, that’s OK, they’re making us safe.”

“It doesn’t make us safe. It undermines our liberties and there’s a much better way of giving us security at the airports than accepting the bureaucrats and the politicians in Washington. That is totally unacceptable from my viewpoint.” Paul said.

In 2010, Paul introduced the American Traveler Dignity Act to shield Americans from the abuses of the TSA.

“My legislation is simple,” he said in prepared remarks. “It establishes that airport security screeners are not immune from any US law regarding physical contact with another person, making images of another person, or causing physical harm through the use of radiation-emitting machinery on another person. It means they are subject to the same laws as the rest of us.”

Congressman tells Conservative Activists that fighting for the Constitution is a losing battle

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This is unbelieveable that a especially Republican Congressman would say this. What is he thinking?…..I’ll tell you, he appears not to be thinking at all. We need term limits and to get these type people out of office as fast as possible.

What happens when a Republican Congressman tells Conservative Activists that fighting for the Constitution is a losing battle? Watch the fireworks as Unite In Action’s Director of Legal Affairs KrisAnne Hall and 912 Project National Co-Chair, Unite In Action President, Stephani Scruggs respond.

This took place at The National Republican Club of Capitol Hill, commonly known as the Capitol Hill Club, in Washington DC on June 28th, 2012 with Michelle Bachmann, Rep Gosar and several other members of congress as well as The Tea Party.Net. with syndicated talk show host Rusty Humphries as the MC. It was broadcast on LiveStream by The Tea Party.Net

Visit us at http://uniteinaction.org

I’d rather fight with a moderate Republican than give Obama a 2nd term!

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I don’t always agree 100% with Mark Levin, but he’s right about this. Hold your nose and vote for Romney. Anything to get rid of Obama.

Romney campaign: $100,000 raised within minutes of Supreme Court decision

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A Romney campaign aide said Thursday the campaign raised more than $100,000 online organically, about 60 minutes after the Supreme Court ruling that allows President Obama’s health care law to largely stand.

Meanwhile, the Democratic Congressional Campaign Committee also moved to raise money off the decision.

The group sent out an email that in part stated:

“BREAKING NEWS: The Supreme Court just voted to uphold President Obama’s Health Care law.

Republicans threw everything they had at us, and they lost. With you standing with us, we can carry this momentum into November and win a Democratic majority to keep making progress.

Please donate $3 or whatever you can right now.”

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