Please! Shrug! Just Shrug!

A request to the executives of the banks which are not sucking at the public Tarp Teat:

The U.S. Treasury Dept has decided that it has the authority to regulate your salaries. It has decided that the value of your labor should be determined, not by the market, but by the same moron politicians who caused the collapse in the first place.

I say, please, for the love of reason, if they cut your salary, walk away. Just walk away. Do not let yourself become a slave of the state.

If they think they can do your jobs better than you, let them try. Let them see what the world is like without you.

And please read "Atlas Shrugged".

I ask you to do these things, not for me, but for yourselves.

Obama Budget Cuts Visualization

Let's put the Obamanation's "budget cuts" into perspective.

Open Letter to DHS

Since you, Virginia, and Missouri have decided that my friends and I, who support Ron Paul, vote Libertarian, want to restore the Constitution, exercise our Second Amendment rights and generally disagree with the Government are terrorists, I wanted to make sure you spell my name right when you come to collect us.

It is Rich Paul. That's P-A-U-L.

I would just hate for all my friends to be rounded up and shipped off to Syria to be tortured -- that *is* what we do with "terrorists" in the new Bizarro-America, isn't it? -- and to be left here alone to endure the Socialist hell-hole which the Bush and Obama administrations are cooperating in creating.

Molon Labe!

Live Free or Die; Death is not the Worst of Evils

Just a quick note to let y'all know that I have abandoned my life, such as it was, in South Carolina, and am currently posting from Gettysburg, en-route to New Hampshire, the Free State.

Please have a look at the Free State Project at http://freestateproject.org/, if you don't know why.

As America's Second Great Depression bears down on us, again caused by the Federal Reserve, and again attributed to free markets which do not even exist, the time has come for those of us who love Liberty to concentrate ourselves somewhere where we can make some difference, where we can have an impact, where we can speak with the resonance of many voices raised together against the impending explosion in Federal power, and where we can -- should the Federal Government so overstep the bounds of reason, of decency, and of the laws of economics that is brings about it's own destruction -- be surrounded by like minded and well armed people, prepared to pick up the pieces and see that whatever Socialist monstrosity follows the collapse will not be able subsume the entirety of what was once the freest nation on the face of the earth.

Let the red states and the blue states fight each other to the death over whether their salvation lies in Fascism or in Communism. My salvation lies in Freedom, and if I must choose a hill upon which to die for it, I choose a hill in the Free State of New Hampshire.

---

In Liberty

Rich Paul

---

What do humanitarians eat?

The humanitarian wishes to be a prime mover in the lives of others. He cannot admit either the divine or the natural order, by which men have the power to help themselves. The humanitarian puts himself in the place of God.

But he is confronted by two awkward facts; first, that the competent do not need his assistance; and second, that the majority of people … positively do not want to be "done good" by the humanitarian…. Of course, what the humanitarian actually proposes is that he shall do what he thinks is good for everybody. It is at this point that the humanitarian sets up the guillotine.

--- Isabel Paterson, The God of the Machine (New York, 1943), p. 241.

Classic and true. Check out the "regarding" link for an analysis of the Great Society, one of the many chains by which we are bound.

For Schiff: We told you so, you RUDE rat bastards!

What pisses me off as I look back over these videos is how rude and condescending these rat bastards were to Peter Schiff, economic adviser to Ron Paul and one of the very few who warned us that the imaginary prosperity we were enjoying would come to tears, because it was a fiat money bubble which had to burst.

---

So for all of you who laughed at our warnings then, here is a video. Enjoy it. Then go fuck yourselves. If you don't fuck yourselves to death, go read some Austrian Economics.

---

Here is my prediction: the worst is still yet to come. I'm not sure what Peter is saying these days, he's never interviewed anymore, but it is mine.
If you want to patronize Peter's company, it's at http://europac.net/

How low can we go? I hope we never know.

The financial press, which has become little more than cheerleaders for the DOW, won't cover this. I will.

The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former Goldman Sachs chairman John Whitehead, said at the Reuters Global Finance Summit on Wednesday.

Whitehead, 86, said the prospect of worsening consumer credit woes combined with an overtaxed federal government make him fear that the current slump is far from over.

"I think it would be worse than the depression," Whitehead said. "We're talking about reducing the credit of the United States of America, which is the backbone of the economic system." Whitehead encountered plenty of crises during his 38 years at the investment banking firm and was a young boy during the 1930s.

Whitehead warned the country's financial strength is at risk due to the sweeping demand for tax relief and a long list of major government spending plans.

"I see nothing but large increases in the deficit, all of which are serving to decrease the credit standing of America," said Whitehead, who served as chairman of the Lower Manhattan Development Corp after the World Trade Center was destroyed during the September 11, 2001 attacks.

Whitehead, who helped make Goldman a top-tier Wall Street firm and led its international expansion, left in 1984 to become a deputy secretary of state under Ronald Reagan.

He warned that the country's record deficit is poised to balloon as the public calls on government for more support.

"Before I go to sleep at night, I wonder if tomorrow is the day Moody's and S&P will announce a downgrade of U.S. government bonds," he said. "Eventually U.S. government bonds would no longer be the triple-A credit that they've always been."

There are at least ten "trillion dollar problems," facing the United States, he said, including social security, expanding health insurance, rebuilding infrastructure and increased spending on green energy. At the same time, the public does not want to pay for it.

"The public is not prepared to increase taxes. Both parties were for reducing taxes, reducing income to government, and both parties favored a number of new programs -- all very costly and all done by the government," he said.

Large deficits can weaken the country's credit and increase its borrowing costs, which already constitute a significant part of funding to cover expenses. Whitehead said it could take "several years" for the current problems to be resolved.

Whitehead said he is speaking out on this topic because he is concerned no lawmakers are against these new spending programs and none will stand up and call for higher taxes.

"I just want to get people thinking about this, and to realize this is a road to disaster," said Whitehead. "I've always been a positive person and optimistic, but I don't see a solution here."

Don't blame me, I voted Libertarian