Wednesday, September 29, 2010

Shut Down the Fed (Part II) – Telegraph Blogs

 blogs.telegraph.co.uk/finance/ambroseevans-pritcha...rt-ii

Ambrose admits the Idahoans had it correct all along. Eventually we will all agree with Jefferson on the dangers of central banks: "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." http://chum.ly/n/36548d

Sunday, September 26, 2010

Post from greshambouma at CHUM.LY

What a fun way to celebrate our great Idaho lifestyle. Yesterday's turkey shoot was a blast, the music provided by Beargrass set a perfect atmosphere, and the bonfire was huge. Thanks to all who sponsored the event and to all who contributed to the campaign. http://chum.ly/n/3523ba

Friday, September 24, 2010

Recession or Not, U.S. Job Market Woes Persist

 www.gallup.com/poll/143171/Recession-Not-Job-Marke....aspx

It is time we recognized that "the private sector job market is the economy". With out a per-capita increase in private sector earnings all you have is more borrowing and spending, and that is not sustainable. We should have this figured out after the last ten years. http://chum.ly/n/34cb91

Thursday, September 23, 2010

Post from greshambouma at CHUM.LY

The National Bureau of Economic Research has officially called the recession over... Hold on! Weren't these guys some of those who sold the idea of "transitioning to a service based economy"? And then a "consumer based economy"? Call me crazy, but I side with the majority of Americans (and Warren Buffet) that believe the recession is not over. In fact it looks like the "service based economy" is going out of service and the "consumer based economy" has been consumed. Economies grow when real, per capita wealth out-put grows. http://chum.ly/n/348749

Sinai Says Fed's Sept. 21 Statement Means `Gotta Buy Gold' - Bloomberg

 www.bloomberg.com/news/2010-09-22/fed-s-statement-....html

The dollar continues to weaken relative to gold. Even central banks have been reducing exposure to the dollar and buying gold. Gold is a warning. How much is the dollar really worth? How will America do when our trading partners no longer subsidize us through trade deficits? How self-sufficient are we as a nation? http://chum.ly/n/3450ca

Wednesday, September 22, 2010

Payrolls Decrease in 36 U.S. States, Led by Michigan - Bloomberg

 www.bloomberg.com/news/2010-09-21/payrolls-decreas....html

No wonder the man on the street does not believe the recession is over. One of the best economic indicators is the private sector job market. http://chum.ly/n/34106e

Saturday, September 18, 2010

Post from greshambouma at CHUM.LY

The free market is a gratitude multiplier, with two satisfied people walking away from every non-coerced transaction. http://chum.ly/n/32fe00