[Homestead] a financial article

Leslie cayadopi at yahoo.com
Sat Jan 31 11:41:24 EST 2009


One more thing...skip if not interested in what is going on economically.
 
http://financialsense.com/fsu/editorials/andros/2009/0130.html
 
 
highlights: Pinnochio Bush increased Fed budget by 60% in 8 years,,, Obama is increasing it an additional 25% in his first 3 months.
 
US citizens are financially illiterate, and basing their decisions on phoney numbers/statistics produced by a government who knows the citizens are financially illiterate.
 
Chinese & other foreign investors - purchases of US Treasuries dropping off the cliff.  Only buying 1-3 year maturity dates.  (FYI - this is potentially a financial nuclear bomb for the US - as all they have to do is not rollover at maturity.)
 
A quote from Ayn Rand in the article:
 
""You cannot legislate the poor into freedom by legislating the wealthy out of freedom.
What one person receives without working for, another person must work for without receiving. 
The government cannot give to anybody anything that the government does not first take from somebody else. 

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."
  John Gault/Ayn Rand"
 
UK on its way to follow Iceland.
 
And just how bad things are getting at the banking level,, how close to collapse.
 
Stuff like that.
 
 
Ciao
 
 
Been having fun building things.
 
 
 
 


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“All political thinking for years past has been vitiated in the same way. People can foresee the future only when it coincides with their own wishes, and the most grossly obvious facts can be ignored when they are unwelcome. Political language... is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind.” ~ George Orwell


      


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