Dear Legislators,
With foreign Central Banks remonetizing gold (buying it for reserves, and reducing Dollar holdings), it would be sad if we were among the last people in the world to figure out what the Fed is doing to our currency. Maybe you-all don't get it? It has been obvious for years that the Federal Government does not have the political courage to rein in spending, so will use the printing presses to extract every bit of wealth possible from all who store their wealth in dollar denominated financial assets. A perfect example of taxation without representation. This session you have another opportunity to protect a safe haven currency for your citizens in the form of gold and silver tender. I favor as broad protection as your stingy hearts (not all of you) will allow. There is not a bit of the citizen's wealth that is safe from the thieves/politicians that consider themselves our benefactors and betters these days. Government creates inflation, calls it capital gains, and declares that we owe it tax on the inflation it created! Those who stand idly by are as guilty as the thieves themselves. I urge you not to be among the guilty and do what you can to protect citizens that elected you.
Impatiently yours,
Gresham Bouma
http://chumly.com/n/11adfe5
Thursday, March 15, 2012
Excellent and Factual Argument for Sound Money Legislation
(26) Idaho Constitutional Money Act of 2012:: www.facebook.com/notes/phil-hart-for-idaho/idaho-c...50111
http://chumly.com/n/11abe3f
http://chumly.com/n/11abe3f
Wednesday, March 14, 2012
Chuck Baldwin Argues That the Battle for Liberty is at the State Level
This is an argument that I have been making for years. I could not agree more.
Chuck Baldwin Live | Fighting for Constitutional Government in America:: chuckbaldwinlive.com/home/index.php/2012/03/08/sta...to-go
http://chumly.com/n/11a4f9f
Chuck Baldwin Live | Fighting for Constitutional Government in America:: chuckbaldwinlive.com/home/index.php/2012/03/08/sta...to-go
http://chumly.com/n/11a4f9f
Tuesday, March 13, 2012
Open Letter to Idaho Legislature
Dear Representatives,
Consistent with the Idaho Republican platform I am urging support of Phil Hart's sound money legislation. Anyone that does not recognize the dangers and risks to the entire system of commerce cause by loose fiscal policy at the national level and the Fed's liquidation of the dollar is ignorant of one of the greatest threats our country has ever faced. One step you can take to protect your citizens is to pass this sound money legislation. I urge your support.
Respectfully yours,
Gresham Bouma
http://chumly.com/n/119aaf4
Consistent with the Idaho Republican platform I am urging support of Phil Hart's sound money legislation. Anyone that does not recognize the dangers and risks to the entire system of commerce cause by loose fiscal policy at the national level and the Fed's liquidation of the dollar is ignorant of one of the greatest threats our country has ever faced. One step you can take to protect your citizens is to pass this sound money legislation. I urge your support.
Respectfully yours,
Gresham Bouma
http://chumly.com/n/119aaf4
Saturday, March 10, 2012
Why China is Dumping the Dollar
The chart towards the bottom of this article is very telling. I am hoping that many Americans are starting to understand that government reporting is a poor indicator of price inflation, that a better indicator are energy prices. I am hoping that many Americans are starting to understand that the Greek defaults matter to us because we through the Fed are bailing out the Euro via the overnight swap line (loans). That what used to be a race to the bottom between the Dollar the Euro now looks more like two cripples tied together at the ankles, committed to collapsing together.
Why China Is Dumping The Dollar - And Why You Should Read Up on the Weimar Republic | ZeroHedge:: www.zerohedge.com/contributed/2012-10-10/why-china...ublic
http://chumly.com/n/118bf74
Why China Is Dumping The Dollar - And Why You Should Read Up on the Weimar Republic | ZeroHedge:: www.zerohedge.com/contributed/2012-10-10/why-china...ublic
http://chumly.com/n/118bf74
Wednesday, March 7, 2012
Student Loan Debt
Many of these kids are not old enough to drink, but can amass more debt than they could ever hope to re-pay. They are simply pawns in a system partying on their future.
Fed Study of Student Debt Outlines a Growing Burden - US Business News - CNBC:: www.cnbc.com/id/46638310
http://chumly.com/n/116ecc0
Fed Study of Student Debt Outlines a Growing Burden - US Business News - CNBC:: www.cnbc.com/id/46638310
http://chumly.com/n/116ecc0
Here is The Recovery
When the Central Bank set interest rates below the rate of inflation several years ago they created negative real interest rates. In other words, they were paying people to go into debt. Since whatever govt subsidizes you get too much of, we got way too much debt, and are still struggling to recover. In fact, everywhere you look in the system, we have debt imploding while the govt continues its central control of interest rates set at less than the rate of inflation. It keeps fighting too much debt by subsidizing more of it. These policies are extremely dangerous and create a threat to the entire system which will be blamed on the free market by the liberal press, government officials and leftist academics. With lip service to free markets, we have become a centrally controlled and planned economy in many critical ways and are demonstrating once again that this Marxist idea is a deadly mistake.
Huge Spike in Repeat Foreclosures - CNBC:: www.cnbc.com/id/46641784
http://chumly.com/n/116eb4b
Huge Spike in Repeat Foreclosures - CNBC:: www.cnbc.com/id/46641784
http://chumly.com/n/116eb4b
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