Obama’s Cell Phone Giveaway to Freeloaders – and YOU Are Paying for It Every Month

Let me tell you how not to pay for at least one aspect of freedom-scoffing government. Enter insidious purposes of the “Obama Phone” federal cellphone handout program.

Millions of government aid takers are now carrying pricey cell phones in their pockets at your expense. And the government is using them to encourage people to apply for food stamps, subsidized housing, welfare checks, and other government goodies, all at the expense of productive taxpayers. These “free” phones are also used as platforms for receiving encouragements to vote – just ask Mitt Romney and the residents of Ohio.

Like many government programs cloaked in charity, what’s now known as the Obama Phone started as a program to help the poor and needy by subsidizing their phone service. Over a few decades, additional laws, mandates, and large cash infusions have been piled on until the whole thing has metastasized. Here’s a brief overview:

1985 – “Lifeline” was established during the deregulations of the 1980s. It subsidized landline phone services to protect low income and rural areas from losing coverage while the all-knowing government was chopping Ma Bell (AT&T) into little pieces.

1996 – The Telecommunications Act of 1996 passed, overhauling the Communications Act of 1934, which among other things, gave birth to the Federal Communications Commission (FCC). One of the fundamental changes was making “universal service” for phone coverage explicit rather than implicit as it had been. Very similar to Mr. Obama’s discovery that everyone has a “right” to healthcare.

The Telecommunications Act set in stone the fees regular Americans who pay their own way would be forced to cough up to provide phone service for everyone else. You can see this fee listed on your phone bill as USF – Universal Service Fund. It also paved the way for the eventual rollout of Obama Phones.

2005 – The FCC chairman at the time made a few “minor” adjustments. He expanded the program by allowing both land line AND wireless phone carriers to stake a claim on the booty.

2008 – A Forbes article gave this explanation to the birth of the term Obama Phone: “Eligibility and type of program may vary from state to state… In Florida, for example, cell phone service was added to the existing program – in 2008, the year that Obama was elected to office. The conclusion from many folks was that it was a new federal program. It was not. It was an expansion of the existing program and implemented on a state-by-state basis…”

It was likely not a coincidence that residents of a number of key political battleground states, such as Ohio, North Carolina, and Florida have been targeted recipients of Obama Phone marketing.

What’s the Bottom Line?
Lifeline gives phone companies $9.25 per qualified low-income customer per month, plus additional money for landline installation or the initial cost of a phone (mobile phone). This money comes straight from the tax that shows up on the phone bills of productive Americans every month.

How much? The pre-Obama total in 2008 came to $772 million. By the end of Obama’s first term in the 2012 election year, it nearly tripled to $2.2 billion!

Telephone service providers who pocket this form of corporate welfare mimic the government propaganda that everyone deserves a phone. But here’s where it gets even worse, because what they never tell you is that their $2.2 billion dollar treasure chest is riddled with waste, fraud, and abuse.

While Crony Telecoms Argue It’s for the Social Good,
They Stuff Their Pockets with Cold Hard Cash…

A Bloomberg report revealed a shocker – the lion’s share of Lifeline cash goes to TracFone, a Mexican-owned wireless pre-paid phone company. You’d think that U.S. based providers might have been preferred, to at least keep these funds in the country. But in the strange world of Obamanomics, exporting your tax dollars to foreign countries is seen as a social good.

TracFone gobbled up 28% of the 2011 Lifeline payments. AT&T and Sprint took second and third place respectively. How much? Those three companies alone raked in over $1 billion!

How to Opt-Out of the Universal Service Fund Tax
The best way to reduce your out-of-pocket costs for the Lifeline tax is to cancel unneeded phone lines. For example, it may be far cheaper to use an online fax service or local office services store to send occasional faxes rather than have your own dedicated fax line.

Also consider switching your “phone” service to Internet-based conferencing (such as Skype and TurboBridge’s SIP Access), which are not defined as a telecommunications service, at least not as of this writing.

So you think your guns are safe? Well, government forces are organizing dependents to become Internet activists as well. The FCC is currently proposing an expansion beyond free cell phone service to include free or subsidized broadband internet access. The proposed cost is a staggering $24 billion – “to close the broadband availability gap,” in the parlance of public sector bureaucrats.

These free cell phones are nothing less than a platform to activate millions of unemployed people around electoral goals intended to steal what’s left of our freedoms. Think about that as the Administration seeks yet another opening to steal away our gun rights and other treasured freedoms handed down to our descendants by the Founding Fathers.

Yours in Freedom,
Lee Bellinger, Publisher
Independent Living
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Israel May Fast-Track Plans to Attack Iran

via Israel May Fast-Track Plans to Attack Iran.

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Israel May Fast-Track Plans to Attack Iran

(I find it interesting that, during World War II, we faced Caucasian Germans and Oriental Japanese.  Now, it’s Caucasian Iranians and Oriental N. Koreans challenging us…. Bruce)

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From NEWSMAX, April 12, 2013
Friday, 12 Apr 2013 04:49 PM
By David A. Patten

Analysts fear a dramatic advance in North Korea’s nuclear missile technology, revealed inadvertently during a Congressional hearing Thursday, will quickly find its way to Iran — forcing Israeli Prime Minister Benjamin Netanyahu to fast-track a long-contemplated attack against Tehran’s nuclear-enrichment facilities.

Pentagon officials are playing down a U.S. Defense Intelligence Agency assessment that North Korea probably has the ability to miniaturize a nuclear weapon and place it on an ICBM. U.S. officials say that miniaturization capability, if it exists, is untested and unreliable.

In February, North Korea detonated what is described as a “lighter, miniaturized atomic bomb.” At the time, there was speculation this could signal the Hermit Kingdom had developed a nuclear warhead that it could place on its long-range missiles. Pentagon officials, however, continued to insist North Korea was at least a year away from developing that capability.

Jerusalem Post defense analyst Yaakov Katz, author of “Israel vs. Iran: The Shadow War,” tells Newsmax that U.S. and Israeli intelligence officials have generally agreed that it would take Iran six to 12 months to build a nuclear device once it tried to break out and enrich its material from the 20-percent to the 90-percent level required. Beyond that, intelligence experts have projected, it would then take Iran another year or two to produce a miniaturized warhead that could be installed on a missile.

Now, Katz says, the time lag between reaching nuclear capability and Iran’s ability to arm a missile with a nuclear warhead appears to have vanished. That means Thursday’s revelation could reduce Prime Minister Benjamin Netanyahu’s nonmilitary options against Iran, forcing the Jewish state to step up its timetable for attacking the Persian nation should it acquire enough enriched uranium to be a significant threat.

“If the North Koreans are much more advanced than we assumed, then that could mean that when the Iranians surge to move forward, that the whole time frame would change also,” Katz tells Newsmax. “It would mean Israel and the West would have to revisit the time frames that they’ve put in for the Iranians, and that could be much shorter now — which means your window of opportunity [to attack] is also becoming smaller.”

Experts say Israel would have to assume that any North Korean miniaturization technology would soon find its way into the hands of Iran’s mullahs. In fact, it is possible Iranian technology enabled North Korea’s push to miniaturize its warheads — the step that makes them capable of being installed on an ICBM. There is widespread agreement in the intelligence community that the two embattled nations routinely exchange technology, and sometimes military hardware as well.

“That’s no secret,” says Katz. “There’s been a lot of cooperation between the Iranians and the North Koreans.”

He adds: “Israel has always made the assessment that whatever is going on in North Korea, you have to assume it’s also … taking place in Iran. So that technical cooperation is still working.”

Obama administration officials have been downplaying the immediate threat from North Korea, even as the Pentagon rushed a THAAD missile interceptor system, which had not been scheduled to enter service until 2015, to Guam to protect American interests. It also announced it would revive the Bush-era plan to add 14 more interceptors to the missile shield that protects America’s West Coast, which it had previously canceled.

The news that one U.S. intelligence agency believes North Korea already has achieved the ability to design nuclear-missile warheads was inadvertently disclosed by GOP Rep. Doug Lamborn of Colorado on Thursday during a hearing of the House Armed Services Committee. He was reading a portion of a classified document that had been erroneously marked declassified.

That disclosure means Israeli leaders must now assume the window between the moment Iran acquires nuclear capability, and the horrific moment when it could launch an attack on a major Israeli city such as Tel Aviv, would be a matter of months or weeks rather than years, experts say.

That North Korea has helped Iran bolster its missile technology is well established. In recent years, as Iranian technology surpassed that of North Korea, the technical assistance flowed the other way as well, sources say.

According to Heritage Foundation senior research fellow Bruce Klingner: “Clearly there has been a decades-long missile relationship, and it began with a one-way sale of missiles to Iran. … Over time it became a two-way, collaborative relationship.”

Klingner adds that a collaborative relationship between the two rogue nations on nuclear technology “is beyond question,” although much more difficult to assess due to its secretive nature.

One example of that cooperation: A February 2010 diplomatic cable released by the WikiLeaks organization revealed that Iran had obtained 19 advanced North Korean missiles with a Russian design known as R-27. The R-27 was initially used aboard Soviet submarines to launch nuclear missiles. At the time, analysts predicted the acquisition of the R-27 would enable Iran to reverse-engineer a new class of missiles with greater range and payloads.

“Every once in a while, you hear reports a North Korean scientist has popped up in Iran or vice versa,” Human Events senior writer John Hayward tells Newsmax.

“We have been assuming … we’ll know the exact moment when Iran has everything it needs to make a devastating weapon,” Hayward adds. “But it seems from today’s news we don’t really have that confidence anymore. We don’t know where either Iran or North Korea really is.”

Intelligence experts have decried the dearth of U.S. “humint,” or human intelligence, from North Korea. As for Iran, Israeli intelligence is believed to have both human and electronic intelligence sources. While North Korea’s capabilities are often opaque, Katz says intelligence officers in Israel and the West have “always been quite confident” that they will know almost immediately should Iran try to break out and enrich its uranium to be nuclear-weapons capable. And so far that has not occurred.

In his September speech to the United Nations, Netanyahu spoke of a “red line” that Iran must not be allowed to cross. He also stressed that time was already running out to rein in Iran’s nuclear activities.

“Each day, that point is getting closer,” he said. “That’s why I speak today with such a sense of urgency. And that’s why everyone should have a sense of urgency. … The relevant question is not when Iran will get the bomb. The relevant question is at what stage can we no longer stop Iran from getting the bomb.”

Thursday’s revelation hardly marked the first time national-security experts have underestimated the Hermit Kingdom’s nuclear progress. Just months before the CIA announced in January 1994 that North Korea probably had developed nuclear weapons, U.S. diplomats were negotiating with North Korea in the belief there was still time to reach an agreement.

Now, U.S. analysts appear once again to have underestimated its capabilities.

Before the DIA analysis was revealed, Michael A. Dodge of the conservative Heritage Foundation told Newsmax: “North Korea has demonstrated the basic technology to hit the U.S.; the question is whether they can miniaturize the nukes to put on the missiles. We think we have some time before they can do that, but in the past we have had a tendency to underestimate the North Korean threat.”

Hayward of Human Events doubts Israel would take action against Iran while the U.S. national security apparatus is on tenterhooks over North Korea. But he says the news that North Korea may have mastered the ability to miniaturize its nuclear weapons and put them on a ballistic missile has moved up Netanyahu’s red line for unilaterally launching an attack on Iran’s nuclear-enrichment facilities.

“He believes that ‘moderate confidence’ assessment, and he has said many times they can’t afford to take risks. That was the whole point of that speech where he drew the bomb on that piece of paper at the U.N. He was busy explaining: ‘We can’t gamble;
we can’t suppose they’re years away when they’re not. We have to stop this before it crosses a certain point.’

“And if you’ll remember, that ‘certain point’ was basically getting things that are small enough to be assembled in locations that are almost impossible to strike, and then getting them into ballistic missiles. It’s not just the missile capability. It’s the fact that once you get there, it becomes very difficult to stop the process. So I think he may see that red line being right on top of him.”

In December, North Korea launched a Unha-3 missile that placed an object into orbit. U.S. officials have estimated the range of that missile at some 6,200 miles, sufficient to threaten Guam, Hawaii, Alaska, and the U.S. West Coast. The Musudan missiles North Korea is expected to launch in coming days have a much shorter range, about 2,500 miles. But that still puts Japan and Guam well within range. The United states has 28,000 military personnel in South Korea; 40,000 in Japan; and Guam, a U.S. territory, has a population of approximately 160,000. It also hosts major U.S. Navy and Air Force bases.

In recent days the administration has responded to the North Korean threat by rushing advanced radar systems and anti-missile capabilities to the Pacific theater, and decided to beef up its missile interceptor capability on the West Coast.

Says Klingner: “I think the Obama administration’s reversal on the missile interceptor programs was the administration getting caught flat-footed apparently, supposedly by the long-standing North Korean nuclear and missile threat. … They based it on a sudden, unexpected acceleration of the Korean missile threat. Well, it was not.”

In fact, Klingner tells Newsmax, a 2001 intelligence assessment predicted that by 2015, at the current rate of progress, the United States would face an ICBM threat from North Korea.

Former U.S. ambassador to North Korea Christopher Hill, meanwhile, told Fox News on Friday that the Pentagon’s insistence that North Korea has yet to test the accuracy of its nuclear-missile technology is largely irrelevant. Whether the DIA’s projection, which is made with “moderate” rather than “high” confidence, is accurate now misses the larger point, he says.

“Sooner or later that report is going to be correct, so the same old question is, what are we going to do about it? … We’ve got to make very clear that we are not going to accept this,” Hill said.

He added that North Korea’s bellicose missile launches and nuclear-arms development must now be the No. 1 diplomatic issue between the United States and China.

© 2013 Newsmax. All rights reserved.

(Great!  Klingner‘s involved.  I hope–this time–Hawkeye and Radar will keep him straight!)

[Before you write, I know the name's spelled wrong from M*A*S*H.  It's a joke, OK?]

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A Diet Plan that Will Also Help in Hard Times (that are coming)

For the first 35 years of my life I never needed a diet program of any kind.  (You can see a picture of me at 28, here.  That was my physique until about 35 when I got into the restaurant biz….)  I’ve always thought of diet plans as scams and so, avoided them.

Then I had my series of falls that have laid me up for the past year.  That’s when I put on the pounds!  Got up to 246 lbs … almost TWICE my early-days weight!

While I generally just delete weight-loss emails, for some reason I opened this one.  They promised to put a large a group under me, before I joined.  (Shoot, they were playing my tune!  For years I’ve been asking that of advertising firms, even offering to pay them for the free month if their ad worked!  None have ever taken me up on it.)  But these folks would do it!

The program is pitched as a money-maker (and it sure looks like it will be) but I wanted to see if it would actually help me lose weight, even though I can’t exercise yet.  It’s free to pre-enroll and see your group grow, so I thought I’d at least do that much.  (As you’ll see if you read this page, in 6 days I had 2,503 Pre-Enrollees and 479 paid members placed under me.  That was real motivation to join!)

It took a bit for the capsules to get here, but I started with them on March 26 (at 246 lbs). They work exactly as described.  Not only do they make you feel full so you eat less at meals, they also killed my chocolate-craving, so I no longer even want to snack between meals.  I’m losing between 1/2 to 1 pound-a-day!  As I write, I’m down to 236 after 8 days.  You can see my beginning picture, here. (I also included a picture of my trying to “fake it” so you’ll know I’m being honest in these photos.)  When the weight loss is camera-visible, I’ll be adding those pics, too.

Now, I’m not the world’s quickest at putting two-and-two together, but it (finally) occurred to me that these capsules are perfect for what’s needed immediately after the stuff-hits-the-fan and we’re having to transition from grocery-store-food into our preparedness foods.  There’s gonna be a lot of craving for Arby’s, KFC, Wendy’s, McD’s, chocolate, and all the other former “delicacies”.  These diet caps will enable you to be happy with less food-per-meal and reduce or eliminate those cravings.

You can purchase these at retail, without getting involved with it to make money, but since you save about twenty bucks per bottle–and it costs nothing extra to join–it makes sense to sign up.  If you do sign up, I’ll be helping you build your group (beyond what the company does) and I’ll send you an email on how.  I do have a few extra bottles that I can sell to those who just want to try them for a month without signing up for anything. Call me at 903-356-3917 to place the order (fax tone = line in use).

These really do work as-advertised, and they’re something you should add to your food storage … even if you don’t need to diet!

‘Til next time,

Bruce

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When you catch a ‘Guru’ lying AND teaching his followers to lie….

Guru (‘Big M’) kicked me out of his webinar when I pointed out that he “got to the top” by LYING to people!

It happened on Wednesday, March 6, 2013. I signed into his “Live Craigslist Super Webinar Tonight: Brand New Strategy…” at 9:59 Eastern time because I wanted to learn what Craigslist strategies he used to “get to the top”, and see if I could benefit.

He has some great ideas, but throughout the webinar, he kept telling us to do things that were not true…. To lie to people.  For example, have prospects call you (so you can get them to your website) and spend only 30 seconds with them (having them write down your website address) and then breathlessly tell them you are “on your way to a meeting and can’t talk more”.  And hanging up.

Audience members wrote in the Chat Box, “brilliant“, “LOL“, “what an idea!“, and the like.  I held my peace.  (See, when people call ME, I don’t fake meetings to get them off the phone. I actually speak with them and answer questions. I guess that’s why *I’m* not a famous Guru….)

THEN, he told a whopper that *I* thought was unconscionable:  While he was demo-ing an incoming call for us, he interrupted himself and said, “Hold on a sec” (to the caller, had there been one, and said loudly to his non-existent secretary), “Yes, tell him his commission goes in the mail tonight.  It’s for $843.”

I lost it with THAT one and–in the Chat Box–I posted, “So, to succeed at this and ‘get to the top’, we have to lie to people??” (or something very close to that. At that point, I was too angry to remember exactly.)

Boy, did THAT piss him off!  He stuttered for a few seconds and then disconnected/booted me from the webinar.

Folks, the man will do *anything* to make you think he’s succeeding, and to get you on his mailing list.  Is THAT the type of Guru you want to listen to?  To send your money to?  He’s suckered a LOT of people with these tactics, and made a lot of money….

But, that’s NOT the way I treat people.  That’s not how I run *my* business.

At the bottom of every page on my website — http://www.internet-grocer.com — and in emails I send, there’s my name and contact information.  I’ll answer the phone up until 10pm Central time. (If you get a fax tone, I’m on the line with someone else and it’s rolled over to the fax machine. Just wait a few minutes and try again.)

I have no fake meetings to rush off to, and no fake commission checks to announce to my fake secretary.  I sell storable food products at the lowest prices I can afford. I also offer the world’s most unique savings program to provide you with financial preparedness … and it’s FREE. You can get yours here, if you like, after you check out the 4 minute video.

(Plus, if you need to lose weight, I found a REALLY unique program!)

I HOPE “Big M” is the only Guru behaving this way. I hope it’s not characteristic of the “big boys”.  If it is, we’re all in trouble!  I haven’t told you the man’s real name.  ”Big M” is just what I’m calling him.  He said he was recording that webinar, so, I’m sure you could find him in Google using the name of the webinar.  If the recording includes the Chat Box goings-on, you can see exactly what was posted….

I’d be honored if you’d check out my website & my blog (where you can read my life story if you’re just-plain-bored). No tricks, no lies, no sleight-of-hand.  I like it when people make up their own minds based on facts and truth.

If you’d like to chat, gimme a call!  (Be warned!  I’m not near-as-pretty as I sound….)

Best regards,

Bruce Hopkins
Quinlan, Texas
903-356-3917 -direct

http://www.internet-grocer.com
http://foodstr2.wordpress.com
The Financial Preparedness Savings Program
Lose weight with a program that pays you first!

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Regarding Gold, the Fed and Our Economy

These articles point out why you should be investing in gold and silver metals.
Have you checked out our AFFORDABLE gold solution??
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From Swiss America’s Gold News Daily
by DAVID BRADSHAW (3/2/2013)

Gold prices held near $1,575/oz. Friday amid profit taking, bargain hunting and a stronger dollar. Stocks looking toppy. Gold last traded at $1,575 an ounce. Silver last traded at $28.57 an ounce.

GOLD’S BULL RUN NOT OVER, IT’S JUST TAKING A BREAK – Marketwatch
After five months of declines in gold prices, it’s still not time to call an end to gold’s bull run. After all…central-bank monetary-policy cues, economic data, currency fluctuations, asset relocation, and emerging markets – are generally the same as they’ve been for gold’s more-than-decade-long bull run.

“The gold bull run is not over, it just doesn’t need to rush to wherever it’s climbing to,” said Jan Skoyles, head of research at The Real Asset Co., a precious-metals investment platform provider.

James Turk, founder and chairman of online bullion dealer GoldMoney, said gold “remains in the correction that began after the record high it made back in 2011. No one can predict when this correction will end but when it does, I expect this bull market will take gold to a new record high above $2,000 per ounce,” he said.

THE FED’S MARKET FARCE – MSNMoney
The market farce has reached new heights this week — with the Dow Jones Industrial Average zooming to new post-recession highs — as concerns surrounding the Italian election and the growing risks of the Federal Reserve’s extreme monetary policy stimulus were salved by congressional testimony by Fed Chairman Ben Bernanke.

The truth is, there are deep structural problems with the economy that cannot be solved by more cheap money. Wall Street knows this. Washington knows this. And above all, Bernanke knows this.

But he can’t admit that. And he feels he can’t stop flooding the financial system with cheap cash until higher inflation — via energy and food prices — forces him to.

What Happens When the Fed Really Does Run Out of Ammunition?
By Michael Sivy  (2/27/2013)
TIME

Stocks dropped sharply last week, with the Dow falling some 200 points, after the Federal Reserve released the minutes of its January Open Market Committee meeting. Although the minutes reaffirmed the Fed’s easy-money policy, they also showed that some members of the Committee had voiced concerns. The dissenters cautioned that quantitative easing, the current program of massive bond buying, could not be continued indefinitely without serious risks.

Loading the Fed up with bonds creates the danger of big losses for the central bank if interest rates rise (which causes bond prices to fall). In a worst-case scenario, those losses could total half a trillion dollars over three years, according to one estimate. As a result, the January minutes included a carefully worded caveat: “Evaluation of the efficacy, costs, and risks of asset purchases might well lead the Committee to taper or end its purchases before it judged that a substantial improvement in the outlook for the labor market had occurred.”

Fed Chairman Ben Bernanke remains undaunted, however. In his testimony before Congress on Tuesday he defended his easy-money policy, noting that it has “supported real growth in employment and kept inflation close to our target.” With consumer prices up only 1.6% over the past year, Bernanke declared: “My inflation record is the best of any Federal Reserve chairman in the postwar period – or at least one of the best.”

In addition he argued that worries about potential losses on the Fed’s ballooning bond holdings were overstated. Careful portfolio management, he said, would allow the central bank to absorb the losses over time by trying to hold bonds to maturity rather than selling at a loss. “We could exit without ever selling,” Bernanke said.

This debate raises profound questions – probably not for the last time – about the effectiveness of the Fed’s easy-money policy. Why hasn’t it worked better? How long can it be continued? And, most important, what will happen when the Fed finally runs out of ammunition and quantitative easing comes to an end?

Bernanke’s decision to employ extremely stimulative measures was a response to the severity of the recession. One reason the downturn was so brutal was the bursting of the real estate bubble, which made many homeowners feel poorer and more cautious about spending. A second reason was that the financial crisis accompanying the recession eroded the capital of many banks and made them more hesitant to lend.

After recessions, the Fed normally lowers short-term interest rates to make it easier for companies to borrow and invest and for consumers to buy things on credit. But that remedy was insufficient to counter the most recent recession. So Bernanke cranked up the stimulus further and had the Fed buy bonds with money that the central bank essentially creates out of thin air. This bids up bond prices, which has the effect of reducing bond yields and other long-term interest rates. The process also increases the amount of money in the U.S. economy.

Low interest rates and additional money can be stimulative – but only if people start spending and put the money into circulation. And the massive scale on which the Fed is buying – $45 billion of bonds and $40 billion of mortgage-backed securities every month – has conspicuously failed to rev up the economy.

Bernanke has stated that the current round of quantitative easing that began in September will remain in effect as long as unemployment is above 6.5% and inflation is below 2.5%. That would be fine if the policy could be phased out as the economy picked up speed. But more than three years into the recovery, no speed is in sight. Indeed, GDP growth has slowed from a peak of 3.1% last year to virtually nothing. Recent tax increases – especially the payroll tax increase – have created a drag on consumer spending. What’s more, any spending cuts or tax increases that take place in response to the approaching sequester could hobble the economy even further.

The upshot is that Bernanke appears to be painting himself – and us – into a corner. If the Fed stops its energetic stimulus, the economy is likely to get even worse. But continuing the stimulus ratchets up other risks.

For one thing, further stimulus will continue to increase the amount of money in the economy, which is not causing inflation at the moment but could become inflationary when the economy does accelerate. And as the Fed’s bond holdings keep growing, the portfolio becomes more and more vulnerable to a sudden rise in interest rates (despite Bernanke’s confidence that the Fed can manage any potential losses). As a result, some policymakers argue that while quantitative easing doesn’t need to end immediately, it shouldn’t be continued indefinitely.

The ultimate problem, though, is that fiscal policy trumps monetary policy. There’s no way for the Fed to compensate fully, as long as Washington fails to address widely recognized budget problems, streamline regulation and reform the tax system.

Bringing the stimulus to a halt at a time when the economy is weak only increase the chances of a double-dip recession. But continuing with quantitative easing raises the likelihood of inflation at some point in the future and also increases the vulnerability of the banking system to a rise in interest rates. Trying to split the difference may avoid a double-dip recession, but only at the possible cost of stagnation and some inflation – or as it was called 40 years ago, “stagflation.”

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Houston City Council Amends Ordinance Requiring Fingerprinting on Sales of Silver

(Note from Bruce:  Check out this link after you read this article!)

From http://12160.info/profiles/blogs/houston-city-council-amends-ordinance-requiring-fingerprinting-on?xg_source=shorten_twitter

On Wednesday February 6th the City of Houston amended Chapter 7.88 of the City of Houston’s Code of Ordinances with new requirements for the sale of precious metals, including silver.

These new requirements go beyond already established guidelines and invade individual privacy.

The State of Texas already regulates the Precious Metals Buyers Industry. The City Code is being updated to include the more than two dozen State requirements:

  • A transaction report form for each transaction… preprinted and pre-numbered
  • The full name of the seller
  • A physical description of the seller to include date of birth, height, eye color, and gender
  • The physical address where the seller is residing at the time of the transaction
  • The seller’s driver’s license number or personal identification number
  • A description of the crafted precious metal purchased by the dealer…
  • Type, color and purity of each kind of metal purchased (e.g., 10 karat white gold, 0.925 sterling silver)
  • Weight in troy ounces, grams, or pennyweights for each kind of metal
  • Amount paid by the dealer for each kind of metal
  • The total amount paid to the seller by the dealer

(To see full list, click here, and scroll to page 117.)

Violations of these rules already have consequences. Under the City’s new amendment, violations, intentional or by human error, will result in misdemeanor charges and possible imprisonment.

So what changes have been made? The new City mandates include the following four major mandates:

  • A record of each transaction must be kept in a web-based database
  • Records must be submitted daily [State allows 48 hours]
  • A clear digital photograph of the seller
  • A clear thumbprint from the seller

Representatives of the precious metals industry attended city council meetings to voice their opposition. This is going to hurt their business they say, “Customers do not want to have their mugshot taken.”
….
More and more people have begun to study the ideas of Agorism, Counter-Economics, and community alternatives. The idea is if the dollar is losing value as metals are spiking, why not invest in metals and trade in them?

The Houston Exchange Network is a forum where businesses who are willing to accept silver, barter or some other medium of exchange can connect.

Ideas like these are spreading globally, either as a reaction to economic conditions (the European Union) or to avoid a coming currency collapse (United States).

If the State does not want you to use their “legal” route pursue exchange through so-called Black and Gray Markets aka Agorism. These are peaceful solutions for underthrowing the Status Quo.
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NOW, Check out this link!

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