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Blog: Southern Etiquette or life in Dixie
by kerminator

186 blog entries; 17 entries per page; 1 pages; viewed 468,003 times
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Running out plus going all Green?

Why does there seem to be a fraud in the banking community?
Why is it necessary to control others to be green?

Date:   2/27/2009 7:32:56 PM   ( 5 y ) ... viewed 1453 times

 

 Why do so many people want to control everyone else?  This universal question bothers me, until I realized that it is really a contest between good and evil...  Good encourages free choice, evil seeks to control people!  When will we ever learn that everyone has the GOD given right to choose... i.e. The freedom to fail!  Not to be directed and controlled!

 Read some info from a newsletter below:

  

 

  FDR's New Deal unwinding... Japan scientists flip off UN... 

The Federal Deposit Insurance Corporation is running out of money. That's why it's considering assessing a special fee on the banking industry in the second quarter of 2009. The fee would be around $0.15 per $100 of deposits, in addition to the regular fee, which is $0.12–$0.14 cents per $100 for most banks.

An American Banker article said today, "A diminished fund could undermine consumer confidence in deposit insurance. Such an outcome would be catastrophic for the banking industry if consumers began running on banks." If fractional reserve banks weren't inherently insolvent, you couldn't run them. If deposit insurance really worked, a bank run wouldn't be a catastrophe. Fractional reserve banking and deposit insurance are complementary frauds unraveling in tandem.

The FDIC's perennial inadequacy has two clear implications for investors: inflation and insolvency, the twin opportunity-creating dangers.

First, the FDIC's inherent insolvency provides another incentive to create money. Camden Fine of the Independent Community Bankers of America, realizing the new FDIC fee would punish small banks worse than large ones, says, "The FDIC should just cut out the middle man and go directly to the Treasury to recapitulate the [Depositors Insurance Fund] and not assess thousands of banks that had nothing to do with this mess." He's right. Inflation is the only way out. I've got two new stocks that mitigate inflation risk beautifully.

The other implication of the FDIC running out of money is that our inherently insolvent fractional reserve banking system is in the painful, drawn-out process of being found out. FDR's New Deal is unwinding, decades after the crime was perpetrated, the same way communism fell apart, decades after it was erected.

 

Chalk one up for dissent. Japanese scientists were smart enough to find the fraud in the anthropogenic global warming hypothesis and then had the balls to publicly disagree with the UN's Intergovernmental Panel on Climate Change about it.

The Japan Society of Energy and Resources issued a report that says global warming is related to solar activity, and the rise in global temperatures was primarily a recovery from the so-called Little Ice Age, which lasted from 1400 to 1800. Kanya Kusano, program director for the Earth simulator at the Japan Agency for Marine-Earth Science & Technology, says computer climate modeling used to support the manmade global warming theory is like "ancient astrology."

If you think fraudulent climate science doesn't affect you financially, you may wish to know that, according to The Politico, there are now four climate change lobbyists for every member of Congress.

BTW:  Ever Notice how lobbyists seem to hang around your Congress persons,  did your ever wonder why so much money passes hands?  But there seldom seems to be any pass back to those who pay taxes... How fair or plain stupid is that? 

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All Comments (149)

Blog Entries (12 of 186):
Running out plus going all G…  5 y
The crushing blow...  5 y
Happenings in Dixie  5 y
What do we know?  6 y
There are better ways to get…  6 y
Past, Present or future?  6 y
Things we don't take kindly …  6 y
Some time back in Dixie  6 y
Down on a South Georgia Lake…  6 y
Look to the SUN...  6 y
Urine Test  6 y
Two Glasses of buttermilk...  6 y
All Entries (186)

Blogs by kerminator (6):
Uncommon Wisdom!!  6 d  (267)
Absolute Truth Some Wisdom an…  40 d  (241)
Ya’ think??  60 h  (212)
My Unusual Road of Life....  11 d  (177)
Brain Boot Camp or Mindset Ma…  33 d  (169)
Forgotten Words!  31 d  (70)

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