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October 18, 2011 Posted by | Bailout, Balanced Budget, Banks, Constitution, Deficit, Economy, Elections, Freedom, GOP, Liberty, Limited Federal Government, Politics, Ron Paul, Vote | , , , , , , , | 2 Comments

Ron Paul on Coast to Coast AM

Ron Paul on Coast to Coast AM with George Noory

July 22, 2009 Posted by | Bailout, Banks, Bernanke, Congress, Credit, Currency, Deficit, Deficit Spending, Economy, End the Fed, Federal Reserve, Finance, Fraud, Free Market, Government, Inflation, Investing, Investment, Law, Legislation, Limited Federal Government, Loans, Market, Market Economy, Politics, Ron Paul, Senate, Statutes, Tax, Taxation, Taxpayer, Trade | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

“We The People” Stimulus Package

Bob Basso author of “Common Sense” plays the role of Thomas Paine to ignite the fire of change in America. Patriotism and Pride for America lead Thomas Paine to help take back America!


July 17, 2009 Posted by | auto industry, Bailout, Bill of Rights, Congress, Constitution, Deficit, Deficit Spending, Economy, Elections, End of America, End the Fed, Federal Reserve, Foreign Policy, Fraud, Freedom, Government, Inflation, Legislation, Liberty, Limited Federal Government, Lobby, New World Order, Politics, Protests, Senate, Sovereignty, States Rights, Statutes, Tax, Taxation, Taxpayer, Traitors, Tyranny, United Nations | , , , , , , , , , , , , , , , , , , , , | Leave a comment

A Sound Bite: Free Market Economy Has Failed

We have been subjected to the onslaught of this sound bite coming from the top Banksters and Main Stream Media from the beginning of the sub-prime fiasco.  Of course there is only one solution to a failure of a Free Market.  That’s right… more regulation.  More aptly put: Less Freedom and more Government Control.

How many people across the country are now repeating that sound bite?  Many Americans, wanting to demonstrate their knowledge in matters far above their daily life, are using sound bites like this one while repeating the latest propaganda spewing from the bought and paid for Main Stream Media.  Some may even engage in lengthy arguments over this misinformation and denial of obvious truths that have been staring them in the face for many, many decades.

The masses, having been focused on increasing their material wealth and “fun in the sun”,  haven’t had time to educate themselves on these very important issues. They depend on their limited education from government indoctrination centers, commonly referred to as “public education”, and the Main Stream Media for knowledge of the world around them. Imagine how different our reality might be if men and women had taken time after dinner, or right before bed, to read a book on any of these important matters.  In hindsight they might agree that a bit of self education is worth the effort to protect their freedom.

Is the sound bite “Free Market Economy Has Failed” in any way legitimate?

The truth of the matter is that intervention in the market, rather than the market economy itself, was the driving factor behind the bust.

F.A. Hayek won the Nobel Prize for his work showing how the central bank’s intervention into the economy gives rise to the boom-bust cycle, making us feel prosperous until we suffer the inevitable crash. Most Americans know nothing about Hayek’s theory (known as the Austrian theory of the business cycle), and are therefore easy prey for the quacks who blame the market for problems caused by the manipulation of money and credit. The artificial booms the Fed provokes, wrote economist Henry Hazlitt decades ago, must end “in a crisis and a slump, and…worse than the slump itself may be the public delusion that the slump has been caused, not by the previous inflation, but by the inherent defects of ‘capitalism.’”

Although my recently released book, Meltdown explains the process in more detail, an abbreviated version of Austrian business cycle theory might run as follows:

Government-established central banks can artificially lower interest rates by increasing the supply of money (and thus the funds banks have available to lend) through the banking system. This is supposed to stimulate the economy. What it actually does is mislead investors into embarking on an investment boom that the artificially low rates seem to validate but that in fact cannot be sustained under existing economic conditions. Investments that would have correctly been assessed as unprofitable are falsely appraised as profitable, and over time the result is the squandering of countless resources in lines of investment that should never have been begun.

Source: “No, The Free Market Did Not CauseThe Financial Crisis”, by Thomas E. Woods, Jr.

Continued Here.

May 8, 2009 Posted by | Bailout, Banks, Bernanke, Books, Credit, Currency, Deficit, Deficit Spending, Economy, End the Fed, Federal Reserve, Finance, Fraud, Free Market, Government, Inflation, Investing, Investment, Loans/Mortgage, Market, Market Economy, Politics, Stocks | , , , , , , , , , , , , , , | 7 Comments

Will Senate Allow Banksters To Reap More Rewards?

The provision giving judges the power to reduce mortgage principals and interest rates for homeowners in bankruptcy may be stripped from H.R. 1106 by the Senate.  The provision, referred to as “cramdown”, would not give more taxpayer money to the banks.  Instead, the Banksters may be offered “incentive payments” for “voluntarily” lowering interest rates.

From OpenCongress.org:

So far, all the foreclosure prevention plans that rely on voluntary participation from the banks have failed. If cramdown is removed from the current bill, we will be left with another voluntary plan plus some cash bonuses for banks. Homeowners who owe much more than the current value of their house will still not be helped.

April 30, 2009 Posted by | Bailout, Banks, Credit, Deficit, Deficit Spending, Economy, Fraud, Government, Inflation, Legislation, Loans/Mortgage, Politics, Scam, Tax, Taxation, Taxpayer | , , , , , , , , , , , , , , , | 1 Comment

CFR Corporate Members Get Lion’s Share of Bailout Funds

Source: NewAmerican

Written by Thomas R. Eddlem
Monday, 23 March 2009 11:30

Newspapers are fixated upon $160 million in bonuses given to American International Group (AIG) executives. And it’s nice to know where the millions are going (note: the bonuses could have been cancelled had the federal government let the company go bankrupt, as officials should have). But where are the trillions in TARP, TALC and Federal Reserve Bank bailout funds going? The man in charge of administering the bailouts is Treasury Secretary Timothy Geithner, who served as a staff member of the New York City-based Council on Foreign Relations before being hired in 2003 to head the New York City branch of the Federal Reserve Bank (Fed). As the vice chairman of the Fed’s Open Market Committee, Geithner is probably a poor choice to get the nation out of it’s current economic mess. He served as Alan Greenspan’s number two man at the Fed, so Geithner is as responsible as anyone for facilitating the severity of the real estate and financial bubble and its subsequent collapse. After all, the Fed was the driving force behind the asset bubble, inflating the bubble larger and larger through artificially low interest rates and an inflationary easy-money policy.

Under Geithner and his predecessor (former Goldman Sachs CEO Henry “Hank” Paulson), the majority of bailout funds have been awarded to high-level donors to Geithner’s former employer: the Council on Foreign Relations (CFR).

Thomas Eddlem raises very important questions at the end of his article … see the entire article here.  A great many of the People know the business relationship of the people involved and yet… there is nothing done.  The People screamed loud and clear for a “No” vote on the bailouts and yet… the bailouts were passed.  Maybe it’s time The People looked for new representation from a different political party?? How about a party that stands on the principles found in the founding documents of this country?

April 28, 2009 Posted by | Bailout, Banks, Bernanke, CFR, Council on Foreign Relations, Deficit, Deficit Spending, Economy, Elections, End of America, Federal Reserve, Finance, Fraud, Government, Inflation, New World Order, Political Partys, Politics, Taxpayer | , , , , , , , , , , , , , , , | 3 Comments

Robert Welch, Founder of the John Birch Society

Open your eyes America… Wake Up!! Robert Welch predicted what would happen and gave the same solution that many are giving today, including Ron Paul.

April 21, 2009 Posted by | Bailout, Banks, Congress, Constitution, Currency, Deficit, Deficit Spending, Economy, End of America, End the Fed, Federal Reserve, Finance, Foreign Policy, Fraud, Freedom, Government, Inflation, John Birch Society, Legislation, Liberty, Limited Federal Government, Martial Law, New World Order, Politics, Ron Paul, Senate, States Rights, Tax, Taxation, Taxpayer, Tyranny, UN, United Nations | , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Analysts: New Era Of Chaos Has Taken Hold

Analysts: New Era Of Chaos Has Taken Hold 230209meltdown

Banking collapse has already happened; Crisis is worst ever; Financial system has effectively disintegrated; Mass social insurrection likely

Steve Watson
Infowars.net
Monday, Feb 23rd, 2009

A wave of economists, investors and other financial experts issued a series of dire warnings concerning the global financial crisis over the weekend, stating that a new era of chaos has taken hold all over the globe.

Some asserted that a total banking collapse has already occurred, while others said that the downturn is now the worst on record, far outstripping the great depression.

Hedge fund manager and billionaire philanthropist George Soros said the financial system has effectively disintegrated, with the turbulence more severe than during the Great Depression and with the decline comparable to the fall of the Soviet Union.

Former chairman of the Federal Reserve Paul Volcker said he could not remember any time, even in the Great Depression, when things went down so fast and quite so uniformly around the world.

Financial market analyst Martin D. Weiss has stated that the banking collapse has already occurred and a major Wall Street meltdown is now imminent.

Leading forecasters, The National Association for Business Economics, have warned that the recession is projected to worsen and unemployment could hit 9% this year, 10% percent next year and continue to rise into 2011. In 2008, the jobless rate averaged 5.8 percent, the highest since 2003.

Financial professors Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University have said that the crisis is “as bad as they come”, warning that if the averages of previous crises hold, Americans can expect unemployment to reach 11 or 12 percent, housing prices nationally to drop 36 percent, stocks to lose more than half their value, and real output per capita to plunge 9.3 percent.

New York University economist Nouriel Roubini has predicted a lost decade of Japanese-style stagnation (a deadly combination of stagnation, recession and deflation) but on a worldwide basis.

“The global economy is now literally in free fall as the contraction of consumption, capital spending, residential investment, production, employment, exports and imports is accelerating rather than decelerating,” Roubini wrote.

More from PrisonPlanet.com

February 24, 2009 Posted by | Bailout, Banks, Chaos, Commodities, Credit, Deficit, Deficit Spending, Economy, End of America, Finance, Government, Inflation, Loans, Martial Law, New World Order, Politics | , , , , , , , , , , , , , , | Leave a comment

I Want My Bailout Money

‘Nuff Said!

Thanks to Phil for the heads up on this video.

January 19, 2009 Posted by | auto industry, Bailout, Banks, Credit, Deficit, Deficit Spending, Economy, End of America, Fraud, Freedom, Freedom & Liberty, Future, Law, Liberty, Loans, Loans/Mortgage, Media, Politics, Rap, Scam, Taxation, Terrorism, Trade | , , , , , , , , , , , , , , , , , , , | 1 Comment

Federal Reserve sets stage for Weimar-style Hyperinflation

“The Federal Reserve has bluntly refused a request by a major US financial news service to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and to reveal the assets the central bank is accepting as collateral. Their lawyers resorted to the bizarre argument that they did so to protect ‘trade secrets.’ Is the secret that the US financial system is de facto bankrupt? The latest Fed move is further indication of the degree of panic and lack of clear strategy within the highest ranks of the US financial institutions. Unprecedented Federal Reserve expansion of the Monetary Base in recent weeks sets the stage for a future Weimar-style hyperinflation perhaps before 2010.”

Read the entire article by F. William Engdahl Here.

December 22, 2008 Posted by | Bailout, Banks, Credit, Deficit, Deficit Spending, Economy, Fraud, Law, Loans, Politics, Taxation | , , , , , , , , , , | 5 Comments