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Archive for March 24th, 2009

Obama administration wants to seize more than just the banks

Tuesday, March 24th, 2009

Currently, the government only possesses the authority to seize failing banks. However, in yet another sinister power grab, the Obama administration is considering asking Congress to give the Treasury Department the authority to seize not only banks, but non-bank financial firms as well. These would include insurers, investment firms, hedge funds, and the like.

Where does it stop? Which industry will be next? Let’s put a stop to this unconstitutional tyranny. We need millions to show up for liberty on April 15 and July 4.

Read the article here.

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China calls for super currency

Tuesday, March 24th, 2009

Growing more apprehensive over the devaluation and long term stability of the US Dollar, China’s Central Bank Governor called on the IMF to begin serious deliberation over the establishment of an international reserve currency. China owns at least $1 trillion of US national debt in the form of treasuries, and only about a week ago, the Chinese premier asked the US for stronger guarantees regarding these treasury assets.

Many economic analysts feel China forsees a far more influential role for its own currency. Since December, China has signed currency swaps with Indonesia, South Korea, Hong Kong, Malaysia, and Belarus.

If the US government and Federal Reserve continue to engage in dollar debasing policies, we may wake up one day and find the US Dollar a second rate currency. And if we don’t get our financial house in order, we may soon discover that China has replaced us as the preeminent economic superpower.

It is up to us to make this happen. The government won’t do it. The Fed won’t do it. Congress won’t do it. Only a second, constitutional revolution will do it.

Read the article here.

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Obama economic advisor says 2nd “stimulus” package likely

Tuesday, March 24th, 2009

Martin Feldstein, Harvard professor and member of President Obama’s economic recovery board, predicts the recession will last well into 2010, prompting the need for another massive spending bill.

Regarding the current, $787 billion spending package, Feldstein states, “The fiscal stimulus is just not large enough to offset the downward pressure that comes from reduced consumer spending…so unless somehow fixing the financial markets is enough to offset that, which I very much doubt, I think there will be a need for another fiscal stimulus package at some point.”

Later in the article, he goes on to discuss the weakness of the US Dollar due to the mammoth trade deficit and the recent, inflationary policies of the Federal Reserve.

Read the article here.

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Sean Hannity discusses tea parties

Tuesday, March 24th, 2009

Last night, Sean Hannity briefly mentioned the tea party movement on his Fox News program. He also ran a short, video compilation showing a few images of recent tea party protests. The revolution continues to pick up steam across the nation.

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CNN’s Jack Cafferty mentions tea parties

Tuesday, March 24th, 2009

Cafferty cites the increasing number of tea party demonstrations as a response to the unending government bailouts, crushing national debt, tax spikes, and a battered Dollar. The mainstream media is beginning to catch on.

Read the article here.

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