Obama’s budget speech at George Washington University on April 13th, 2011; the Fiscal 2011 Budget Resolution causes a revolt in Washington, D.C.; the Independent Payment Advisory Board as a death panel; House Budget Committee Chairman Paul Ryan’s genocidal Budget Resolution for the year 2012; Medicare and Medicaid under bipartisan attack; PIMCO sells the US short; and speculators drive up the price of oil.
So far 2011 is proving to be an eventful year for Myanmar, formerly known as and still generally called Burma. Despite the slight easing of restraints put on Aung San Suu Kyi, the 7.0 magnitude earthquake that struck Shan State in northeast Burma on March 24, which the junta controlled media says killed 75 people but aid agencies believe killed over 150, leads to widespread distrust of the country’s rulers and their version of reality. Now the U.S. is sending a new envoy to Myanmar, Derek Mitchell, a Deputy Assistant Secretary of Defense for Asian and Pacific affairs. It is an open question: What will be his role in Burma?
In Part I, I talked about how the Fed creates money and why it doesn’t make sense for banks, bank employees and/or their private owners to benefit personally from the interest received on funds that banks are able to create out of nothing, which they then lend to bank customers (which in some cases is the government). The bankers were given authority to create those funds out of nothing in order to control the supply of money for the sole benefit of The People. Bankers, when they make loans, (to the extent they are creating and lending newly created money) are acting as agents of The People. The People are the true and sovereign owner of those funds and so it is The People, (i.e., the government), that should be the recipient of those interest payments.
By Steve Windisch (jibbguy)
Featured Writer Dandelion Salad
April 24, 2011
It was back in 1976 that President Jimmy Carter had Solar Panels installed on the roof of the White House, the type that heated hot water. This event came at the height of arguably the most successful Grass Roots Campaign ever seen in America: The Ecology Movement. This truly “bottom-up” and widely based movement was responsible for more far-reaching legislation passed (in sheer volume), than even the Civil Rights and Womens’ Rights movements; which were also highly important grass roots successes proving the Power of the People when roused. And the Ecology Movement did most of this within a few years; and by uniting many people across the entire political spectrum together on a single issue that broke Party and social barriers. It accomplished wonderful things… Continue reading →