Kill The Fed!

[Richard Allan Jenni]

As you probably noticed yesterday (and as reported by the Associated Press), “the Dow closed at 10,719.94, down 4.6 percent for the day. By points, it was the ninth-steepest decline for the market. The Dow has now lost more than 2,000 points in less than three weeks.”

But I couldn’t help notice yesterday morning that liberal rag after liberal rag gave the Fed credit for Tuesday’s temporary rally. I think that’s called “Don’t count yer chickens before they hatch.”

So why is the DOW plunging? First and foremost, the Fed has flooded global markets with fiat currency masquerading as USD. A sound economy without a sound currency is an oxymoron. Our last legitimate currency was printed under the direction of John Fitzgerald Kennedy- most likely the main cause of his untimely demise. By the way, the forthcoming Jackie O tapes will reveal her firm belief that Lyin’ Lyndon “was involved in the plot to murder her husband…The former first lady recorded the tapes with prominent historian Arthur Schlesinger Jr. just months after the president’s assassination on 22 November 1963. She requested that the tapes not be released until 50 years after the assassination in an attempt, as some reports believe, to protect her family from her shocking assertions.”

Second (and having just mentioned Lyin’ Lyndon), we now have another habitual liar in the White House- who inspires no confidence whatsoever in America’s faltering economy. And Barry’s two fraudulent (forged) birth certificates are irrefutable proof that he’s a prevaricating sleazebag. Most Americans now realize that Obama will say one thing in public- and then do something else behind their backs. And the main problem here is not so much what he SAYS he’ll do- but the open-ended threat of what he MIGHT do. The next best way to destroy our economic future (other than being chained to an unreliable currency) is to have an unreliable US President.

Third, instead of dramatically cutting federal spending to eliminate the need for oppressive job-killing federal taxation, both the White House and Congress have tried to spend our way to prosperity. Not one American family ever prospered by failing to live within its means. More credit cards and higher lines of credit are never a solution to financial insolvency- and the road to lasting prosperity is always paved with prudence, not plastic.

Fourth, “spreading the wealth around” only encourages Americans not to work- some because they want a free lunch and others because the federal government will only seize the fruits of their labor to support the lazy. Communism by any other name is still a losing proposition.

Fifth, out-of-control federal regulation also stifles economic growth. Excessive red tape costs American businesses incalculable amounts of time and money- not to mention forcing jobs overseas to find more hospitable accommodations. Moreover, overregulation at all levels of government is especially harmful to small business owners, who can least afford it.

Finally, Americans themselves must make a conscious and concerted effort to buy American products. A nation that can’t even produce its own light bulbs, toothbrushes, and shoes in sufficient quantity (not to mention food and energy) will not long survive. When a nation’s currency flees to foreign ports in the purchase of foreign goods, the circular flow of currency within that nation is sharply curtailed- and its commerce dies an agonizing death.

The Dow Jones Industrial Average is perhaps the leading indicator of global confidence in the US economy. For the reasons I’ve just enumerated (and any others I failed to mention), the Dow is plunging like the first freefall on a violent rollercoaster ride.

Nevertheless, the remedy to our economic woes is not rocket science. We must again seize control of our own currency. We need a President who tells it like it is. We must dramatically cut federal spending and its accompanying oppressive taxation. We must re-enthrone hard work, thrift and self-sufficiency as America’s grand keys to lasting prosperity. We must eliminate all unnecessary government regulation. And where possible, buy American!

By far, the most important of these vital steps to lasting prosperity concerns our currency and monetary policy. President Thomas Jefferson prophetically warned us that if we ever allowed private interests to control the flow of currency into our economy, first by inflation and then by deflation, the American people would one day wake up homeless and without property. Has not that unhappy circumstance now come upon us? Kill the Fed!

-- 
Richard Allan Jenni

Ocean City, New Jersey
Real Conservatives

[Richard Allan Jenni]

The Caped (as in Dracula) Kenyan Commie Criminal is but one point away from his "strongly approve" rating dropping into the teens!

"Daily Presidential Tracking Poll

Friday, August 12, 2011

 

The Rasmussen Reports daily Presidential Tracking Poll for Friday shows that 20% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-two percent (42%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -22 (see trends)."

 

Evil personified times two! 

 

 

The Caped (as in Dracula) Kenyan Commie Criminal is but one point away from his "strongly approve" rating dropping into the teens!

"Daily Presidential Tracking Poll

Friday, August 12, 2011

 

The Rasmussen Reports daily Presidential Tracking Poll for Friday shows that 20% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-two percent (42%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -22 (see trends)."

 

Evil personified times two! 

 

 

[Richard Allan Jenni]

PS: Alan has been blowing the whistle on Obama since the beginning:

 

 

[Richard Allan Jenni]

In reference to point #2, Dr. Alan Keyes, a man whop commands my utmost respect (whether you like it or not, America), is one of the few people of his political stature to lay it right on the line. His laughter at the end of this video says it all...

 

 

[Sandra]

Good article Allan, forgot to say that {;-)

[Sandra]

Now they are talking about extending the un-employment again! I don't see how these inept people see that as a boost to the economy, people use it for there needs, I suppose it is to hook more into expecting FREE money and we all know nothing is free, there is a price!  The Nanny State is where we are headed, with an ending like London!