Sorry Big Government: The Corporation Gets the Job Done

Our church has had many charitable programs, but when it really wanted to help some families in South America, it didn’t give them stuff – it helped them band together and form a corporation to BUILD SOMETHING. And that something was coffee. It’s interesting that corporations are so vilified, and yet they’re what we turn to when we really need to get something done – when government, charity, and all other forms of organization fail.

It has been said: “Government is simply a word for the things we decide to do together.” This, of course, is nonsense: government dictates what it’s going to do for us – to us – once it gets into power. In reality, corporation is the word we use for things we decide to do together.

Read more at Saving Our Future
(Hat tip: Carolyn) Read More......

All Aboard for the Obamacare Train Wreck

Montana Senator Max Baucus, who led the effort in Congress to pass Obamacare, is now referring to it as a “coming train wreck”. Baucus has announced he will not to seek re-election in 2014, perhaps to avoid the inevitable embarrassment of this pending disaster. He’s not alone in his concern. The prospect that too few Americans will enroll in the program, thus rendering it unfeasible, has the administration fearful that Baucus is right -- it may actually end up derailed. These enrollment fears have prompted the creation of dubious non-profit organizations to promote Obamacare. Enroll America and Organizing for Action are tax-exempt organizations, led by former Obama campaign operatives, which plan to spend tens of millions of dollars pitching Obamacare enrollment. Their funding primarily comes from special interests and healthcare related corporations who stand to profit from Obamacare. Read more at Townhall.com... Read More......

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

This summer, I heard a brief newscast teaser stating that $16 Trillion was 'missing' with a reference to the Federal Reserve. I thought details would follow and expected a huge backlash but never heard more until Jean Nelson sent a link to the following article this evening. Jean wrote, "Ron Paul’s persistence has resulted in a tremendous expose of the Federal Reserve Bank." --bc

SILVER BEAR CAFE (via unelected.org), July 21, 2011 - The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill (HR1207), so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning [July 21, 2011].

What was revealed in the audit was startling:

$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious - the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.

To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is "only" $14.5 trillion. The budget that is being debated so heavily in Congress and the Senate is "only" $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world.

In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion.

"This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else." - Bernie Sanders (I-VT)

When you have conservative Republican stalwarts like Jim DeMint (R-SC) and Ron Paul (R-TX) as well as self identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left. When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability.

Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and supercorporations like Halloween candy. If the Federal Reserve and the bankers who control it believe that they can continue to devalue the savings of Americans and continue to destroy the US economy, they will have to face the realization that their trillion dollar printing presses will eventually plunder the world economy.

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows...

• Citigroup: $2.5 trillion ($2,500,000,000,000)
  
• Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
  
• Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
  
• Bank of America: $1.344 trillion ($1,344,000,000,000)
  
• Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
  
• Bear Sterns: $853 billion ($853,000,000,000)
  
• Goldman Sachs: $814 billion ($814,000,000,000)
  
• Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
  
• JP Morgan Chase: $391 billion ($391,000,000,000)
  
• Deutsche Bank (Germany): $354 billion ($354,000,000,000)
  
• UBS (Switzerland): $287 billion ($287,000,000,000)
  
• Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
  
• Lehman Brothers: $183 billion ($183,000,000,000)
  
• Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
  
• BNP Paribas (France): $175 billion ($175,000,000,000)
  
• and many many more including banks in Belgium of all places

View the 266-page GAO audit of the Federal Reserve (July 21st, 2011): GAO-Fed-Investigation (on scribd.com)
Source: http://www.gao.gov/products/GAO-11-696
FULL PDF on GAO server: http://www.gao.gov/new.items/d11696.pdf
Senator Sander’s Article: http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
Hat tip: SILVER BEAR CAFE (via www.unelected.org) Read More......

SCOTUS reverses federal campaign finance laws

FOXNews.com, 1/21/2010 - In a stunning reversal of the nation's federal campaign finance laws, the Supreme Court ruled 5-4 Thursday that free-speech rights permit groups like corporations and labor unions to directly spend on political campaigns, prompting the White House to pledge "forceful" action to undercut the decision. Read more at FOX... Read More......

Speaking English on the Job is Common Sense... Right?

The Loft, November 27, 2007 - posted by Bobby Eberle
A new survey shows that a vast majority of Americans believe that companies should be allowed to require employees to speak English while on the job. This makes perfect sense, right? If you're on a construction site, and there is a large steel I-beam heading for your head, you'd probably want your co-workers to warn you about it... in English! But yet again, this type of policy is causing an uproar, this time in Connecticut, where a sheet metal plant is being sued by five Spanish-speaking workers because the company "ordered its employees to speak only English on the job because of safety concerns." First, some numbers... According to a new poll by Rasmussen Reports, 77% of American voters say "companies should be allowed to require employees to speak English while on the job." The telephone survey found only 14% disagree with the position.

The English-only worksite sentiment crosses party affiliations with 84% of Republicans and 70% of Democrats in agreement. "Just 13% of American voters believe that requiring workers to speak English is a form of racism or bigotry. Seventy-nine percent (79%) disagree."

Rasmussen notes that the Equal Employment Opportunity Commission (EEOC) does not feel the same way as the vast majority of the American public. Rasmussen cites EEOC documents which state "linguistic characteristics are closely associated with national origin" and can therefore be used to "discriminate on the basis of national origin." Continued... Read More......