Where are the Trillions Going? Support the “Audit the Fed” bill (HR 1207) to find out.

Neither Congress nor the Inspector General knows anything about what the Fed has done with $9 trillion in off-balance sheet transactions, or anything about the profit or loss from $2 trillion in on-balance sheet transactions. Check this out:

In the clip above, Rep. Alan Grayson (FL-8) asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that her office does not know and is not tracking where this money is.

The Federal Reserve Transparency Act of 2009 (HR 1207) would require an audit of the Federal Reserve. The map below shows which Representatives (by District) have cosponsored the bill as of June 16, 2009:


(Map created using a public domain image available at Wikimedia Commons and the Library of Congress’ list of cosponsors.)

So now I learn that the Federal Reserve is actually seeking to hire a lobbyist to fight against this (and similar) legislation. And I’m left wondering, “if you don’t have anything to hide, then what’s the problem with an impartial audit?” Our children, grandchildren and now great-grandchildren are going to be saddled with enormous debts as a result of this massive inflation (that is, an increase in the money supply). If such spending is truly justified, then it’s a painful hardship we’ll have to deal with. But if it’s not justified, then it needs to stop!

If your Congressional District isn’t lit up yet, send a message to your Representative and Senators telling them you want them to support the Audit the Fed bill (HR 1207 in the House, S 604 in the Senate). Then show your neighbors the YouTube clip above and get them to write your Representative and Senators, too.

4 Questions About Surveys and Polls

Seth Godin has been writing about polls and surveys recently, and he’s got me thinking. I shot these questions to him in an e-mail, but I’m going to post them here for your pondering pleasure:

  1. Since all American citizens are not required to vote, are our elections really that much different from web polling (where the passionate have a disproportionate turnout)?
  2. Along those lines, would you say it’s good for elections to be decided by the more passionate (ie. the apathetic would make the results unreliable), or bad (ie., fewer voters means a decreased likelihood that the “right” candidate is elected to represent the people)?
  3. If you think this aspect of the electoral process is bad, then do you have ideas to improve the system?
  4. If, however, you think it’s good, then why are “gimmicky polls” not to be trusted?

I’ll share my own thoughts later, but I’d like to hear what you think, too.

The Numbers Don’t Lie (But Your Presuppositions Just Might)

Anybody checked out The Numbers, a recent post by Gary Langer (Director of Polling, ABC News)? He basically discredited the results of one of his own ABC polls where Ron Paul and Dennis Kucinich wound up light-years ahead of the other Presidential candidates.

My personal take on polls like this is that the sorts of web enthusiasts who gravitate toward the open-source community tend to feel like Paul “gets” them more than the other Republican candidates. Those types of people are also far more likely than the average American to do their own “independent investigation” of Presidential candidates, instead of relying solely on traditional sources like newspapers, radio or television network news.

News outlets such as ABC News really do a disservice to this country’s citizens when they focus more on a candidate’s perceived chances of winning than on that candidate’s political beliefs and philosophies. This shouldn’t be a popularity contest–we’re talking about electing the nation’s President, not a high school Class President!

So here’s my suggestion to Mr. Langer: instead of these “who do you think won last night’s debate” sorts of polls, do some research and compile a list of 10-12 congressional votes, public statements or other applicable insights into each candidate’s mind, and begin a series of polls focusing on them. Inform your audience, and then poll your audience on how they feel about the information you provided.

See, then you’d be seen as responsible and mature, and you probably wouldn’t feel the urge to quote 12-year-olds in your defense.

Ron Paul Might Just Have My Vote

If the Republican Party wants my vote in ’08, they’ll have to nominate Ron Paul. Here’s a few videos that might just show you why I feel that way:

(Hmm… the video isn’t loading for some reason. Okay, click here to see it.)

(Hmm… the video isn’t loading for some reason. Okay, click here to see it.)

 

Dave Tritt: Sheriff or No?

Last night was primaries night here in Maryland, which meant my ol’ buddy Dave was in a six-way race for the Republican nomination for Harford County Sheriff. As much as I’m behind him, I couldn’t vote for him. Why? Two reasons: first, I don’t live in Harford County. Second, you’ve got to be a registered Republican to vote in the Republican primaries. (That is to say, I vote Constitution Party.)

While L. Jesse Bane coasted to an easy victory for the Democratic nomination for sheriff, the Republican results were less clear. Cochran and Price were virtually deadlocked and barely ahead of four challengers. It could take a week for election officials to count absentee and provisional ballots and determine a winner.
— Baltimore Sun, Wagner loses as old county names falter

You can get the latest results at the Harford County’s election results page. It looks like there’s a definite gap between Cochran/Price and Tritt/Benedetto, but you never know what may turn up during recounts and such. ;)

Hey, even if Dave doesn’t make it, he can always run as an Independent… right? :D

Silver and Gold ARE Money…

From Solari MoneyChanger Calculator:
…when you pay another person in silver or gold, you are giving them real value and substance rather than merely handing off the hot potato of paper money and Federal Credit. Talk about “coming clean!”

Don’t know what they’re talking about? Listen to Episode #68 of The American View. In the meantime, I’m going to find out what my salary really is…

All About NSA

NSA Logo

Kudos to the many brave souls blowing the whistle on the U.S. Government’s illegal domestic spying programs! Some of the more recent examples include:

Continue reading

Good Night, Once Again.

Good Night, and Good Luck.

We are currently wealthy, fat, comfortable and complacent. We have currently a built-in allergy to unpleasant or disturbing information. Our mass media reflect this. But unless we get up off our fat surpluses and recognize that television in the main is being used to distract, delude, amuse and insulate us, then television and those who finance it, those who look at it and those who work at it, may see a totally different picture too late.

This instrument can teach, it can illuminate; yes, and it can even inspire. But it can do so only to the extent that humans are determined to use it to those ends. Otherwise it is merely wires and lights in a box.

— Edward R. Murrow, in a speech to the Radio and Television News Directors Association (RTNDA) convention in Chicago (15 October 1958).

Nicole and I watched Good Night and Good Luck on Friday night, and I highly recommend the film! (This isn’t a review, though; there are plenty of those around already.) It’s incredible how many parallels can be drawn to current events… I don’t think the release could have been any more timely.

Have you heard yet? We’re living in a time where the United States has a President who thinks he’s an emperor: this nation was founded on the Rule of Law (“Lex Rex”), but George W. Bush claims the “Divine Right of Kings” every time he refuses to comply with the laws enacted by Congress—as he has been doing for at least the past four years. To top it all off, anyone who opposes him (no matter the reason) is labeled a “lover of terrorists’ rights.”

May I ask you, do you “love this land”? Do you want to consider yourself patriotic? Then prove it: read the Constitution; read the Federalist Papers; read Max Farrand’s Records of the Federal Convention of 1787. (Then repeat at least five times.) If you remain ignorant of what America was intended to be, then all your flag-waving and cheerleading amounts to nothing but hatred and contempt for what our Founding Fathers fought for.

It’s amazing just how much Pres. Bush’s administration resembles McCarthyism. Yesterday’s “Communists” have been replaced by today’s “Al Qaeda,” and the nation in general is just as complacent as it was in the 1950s. And just as with yesterday, we need men like Edward R. Murrow who are willing to stand up to this usurper.

Earlier, the Senator asked, “Upon what meat does this, our Caesar, feed?” Had he looked three lines earlier in Shakespeare’s Caesar, he would have found this line, which is not altogether inappropriate: “The fault, dear Brutus, is not in our stars, but in ourselves.”

[...] His primary achievement has been in confusing the public mind, as between the internal and the external threats of Communism. We must not confuse dissent with disloyalty. We must remember always that accusation is not proof and that conviction depends upon evidence and due process of law. We will not walk in fear, one of another. We will not be driven by fear into an age of unreason, if we dig deep in our history and our doctrine, and remember that we are not descended from fearful men — not from men who feared to write, to speak, to associate and to defend causes that were, for the moment, unpopular.

This is no time for men who oppose Senator McCarthy’s methods to keep silent, or for those who approve. We can deny our heritage and our history, but we cannot escape responsibility for the result. There is no way for a citizen of a republic to abdicate his responsibilities. As a nation we have come into our full inheritance at a tender age. We proclaim ourselves, as indeed we are, the defenders of freedom, wherever it continues to exist in the world, but we cannot defend freedom abroad by deserting it at home.

The actions of the junior Senator from Wisconsin have caused alarm and dismay amongst our allies abroad, and given considerable comfort to our enemies. And whose fault is that? Not really his. He didn’t create this situation of fear; he merely exploited it — and rather successfully. Cassius was right. “The fault, dear Brutus, is not in our stars, but in ourselves.”

Good night, and good luck.

— Edward R. Murrow, from the March 9, 1954 “See It Now” television broadcast on Senator Joe McCarthy.

If this man is not stopped; if this nation is not restored to the Constitutional Republic it began as; I see no reason to believe we will leave the next generation with anything but a Dictatorship… or perhaps an ash heap.