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Senior Administration Official: "We are just going to kill the dollar."

If you had any doubt that the dollar could lose any more value, this should put it to rest. According to a senior official at the White House, the plan is to intentionally weaken it... at our expense.


(http://www.youtube.com/watch?feature=player_embedded&v=OeIFcuVTS3U)

According to investor Kyle Bass, a senior Obama administration official stated that their economic plan moving forward involves killing the dollar.

Speaking at AmeriCatalyst 2011, which took place in early November 2011, Kyle explained what the Obama administration official apparently told him.

“The governments idea right now is we are going to export our way out of this and when i asked a senior Obama administration official last week how are we going to grow exports if we wont all nominal wage deflation, he said we are just going to kill the dollar.”

Chris Duane, of Dont-tread-on.me, wrote that this simply means that they are going to print more and more dollars until all of our purchasing power is destroyed which will cause Americans to need more and more dollars to buy the same amount of goods.

Obama Says He Won't Be Bound by Gun Control Ban in Omnibus

Super.

Bad news: Big Government has excreted an unread 1,221-page $915 billion omnibus spending bill, giving America another hard shove toward insolvency.

Good news: at least it contains a provision preventing authoritarians from using the money to deprive us of our precious Second Amendment liberties.

More bad news: Obama has put it on the record that he plans to ignore this stipulation. John Frazer of the NRA’s Institute for Legislative Action explains:


(http://www.youtube.com/watch?feature=player_embedded&v=TEVnQwYEXfY)

The Second Amendment won’t be the only casualty of the Audacity of Arrogance. As the division of powers crumbles, we are losing our whole system of limited government.

Sorry Butch, providing an environment of opportunity doesn't mean funding or competing with the private sector

Why is state government getting involved with private business? They also should not be competition to the private sector. From what I understand, it clearly violates the State Constitution. What is going on here?

Idaho Statesman:

One of Gov. Butch Otter’s central missions of the 2012 Legislature will be selling the program to conservative Idaho lawmakers who are leery of inserting taxpayer money into areas where they believe the private sector should take the reins.

The Idaho Global Entrepreneurial Mission, or iGem, as the proposal is called, includes a strategy of luring talented researchers to Idaho universities and the Center for Advanced Energy Studies in Idaho Falls. Once they arrive, they’ll research energy, materials science and manufacturing, computer science and bio and agricultural technology — areas where Idaho has a foundation — to develop products and spin off companies.

Boise Guardian:

Politicos are fond of attempting to “run government like a business” in these hard economic times, but how about government flat out running a business?

Using the government to plunder people to support our American dream is fundamentally morally wrong

Economics Professor Jack Chambless at Valencia College talks about how the students of "Generation Gimme" view the American dream. It is certainly not the same dream of those who founded the country.


(http://www.youtube.com/watch?feature=player_embedded&v=VxHfYNTrnic)

The budget explained in simple English

A little old but still gets the point across.

Another debt ceiling hike? Looks like we need another $1.2 Trillion

Give an inch, they take a mile. Scuttlebutt is that Obama will be asking for another $1.2 Trillion debt limit hike. Actually, "asking" is the wrong word to use. Since Congress is in recess until January, this will likely happen without debate.

We are already at the point where the debt has overtaken GDP. Can we please stop the madness now? Throw them all out.

The White House plans to ask Congress by the end of the week for an increase in the government's debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.

The approval is expected to go through without a challenge, given that Congress is in recess until later in January and the request is in line with an agreement to keep the U.S. government funded into 2013.

The Secret of Oz

Long, but worth watching. I had no clue of the symbolism in The Wizard of Oz or that the movie (my only exposure) was altered from the original writing.

It is well known in economics academia that The Wonderful Wizard of Oz written by L. Frank Baum in 1900 is loaded with powerful symbols of monetary reform which were the core of the Populist movement and the 1896 and 1900 president bid of Democrat William Jennings Bryan.

The yellow brick road (gold standard), the emerald city of Oz (greenback money), even Dorothy's silver slippers (changed to ruby slippers for the movie version) were the symbol of Baum's and Bryan's belief that adding silver coinage to gold would provide much needed money to a depression-strapped, 1890s America.


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