What kind of a scam is this? Do you think it has anything with the government trying to create artificial demand for their failing companies- Government motors and Chrysler? They sunk billions into those ratholes and now they have to pay people to buy their products? Does a one time stimulus actually create any lasting benefit to the economy? Remember the stimulus checks that went out last year for 160 Billion that was supposed to create 400,000 new jobs? That was a huge success wasn't it.
How does the government stealing money from me to give to somebody else to buy an overpriced car help the economy or create jobs? Do you know because I sure can't figure out the logic of that.
We are in this mess, due in a large part to living beyond our means and incurring to much debt. Buying a new car to replace a paid for car with debt is flat out stupid! Especially when the new car immediately starts to decrease in value, meaning you are paying interest on something that is worth less (eventually worthless) every day.
I have bought two brand new cars in my life. The first was a 99 Isuzu Rodeo 4x4 suv. I put $4000 down and financed the rest at a pretty low rate(don't remember what it was) with payments of $1000 per month for 24 months.
Purchase price was $27,500. I sold the car in perfect condition with low mileage in late 2003 for $12,000. So in about 4 1/2 years the value declined by $15,500. Was that a good investment? Hardly. But I got to drive around in new car for awhile(about 6 months) Don't forget the cost of insurance during those 4 1/2 years.
The story continues. I moved to Florida and bought a 2000 chevy venture van for exactly $12,000. And then the state of Florida ripped me off and charged me $840 sales tax for the privilege of buying a used car in their state. Still have the van which is probably worth $2500 now. So since 1999 my $27,500 turned into $2500. Great deal right? That really helped the economy didn't it? $25,000 up in smoke. Created lots of jobs huh?
And now the government wants to bribe me into going through this wealth liquidating procedure all over again? Buy a new car and incur a lot of debt at higher interest rates and pay a huge new sales tax. $27,500 x .07% =$1925 or a big chunk of the value of the vehicle I am currently driving. So I get a $4000 incentive on the front end and immediately lose half of that in taxes. And the day I drive off the lot I lose another $2k minimum in resale value.
This is a completely stupid idea for the consumer to get involved in.
And now think of the jobs it vaporizes.
An older car requires more parts and maintenance than a new car(hopefully, but who knows what government built cars will be like) and requires companies to produce those parts and mechanics to install them. What happens to them when demand for those parts and services decreases? Maybe some job losses???
The inventories of new cars are at record levels. The cars have already been built. Creating a program to artificially boost demand for some of that inventory has no lasting power in creating long term demand. This government swindle will create no new jobs- only job losses. And since this new "free" government money has to be stolen, borrowed or merely printed the costs will hit everybody in the form of inflation. And the new owner gets saddled with new debt with an underlying depreciating liability.
One more point although there are many other sides to this issue. Toyota, a Japanese company sells more cars in the world than anybody. I haven't heard that any brand of cars were forbidden from getting rebates. If that is the case a big chunk of these billions goes to Japan.
Who wins here?
Tuesday, August 4, 2009
Friday, July 24, 2009
Why GOLD?
Why are gold and silver the best basis for sound money even in todays' technologically sophisticated world?
1. Human nature never changes.
2. History proves point number 1.
3. Precious metals are scarce and sound money should be scarce or rare.
4. Precious metals can't be inflated because of their relative rarity and
cost in terms of time and capital to produce. Can't print gold.
5. Precious metals keep government in check and accountable to the
market. Can't inflate real gold supplies.
6. They are relatively indestructible compared to paper. Pretty obvious.
7. They have industrial uses. Most electronics require them.
8. They are desirable to almost all of humankind for their inherent
qualities. Bought any paper jewelry lately?
9. Easily divisible. Paper money does share this characteristic.
10. Have always maintained their buying power.
But the best reason of all to use gold and silver as money again is it prevents the government from stealing your money through inflation and then using the stolen money to expand it's power and control over you and your family. Gold is a noose around the bureaucrats necks that keep them in line and subject to you. Course if you like being a slave keep using your paper.
1. Human nature never changes.
2. History proves point number 1.
3. Precious metals are scarce and sound money should be scarce or rare.
4. Precious metals can't be inflated because of their relative rarity and
cost in terms of time and capital to produce. Can't print gold.
5. Precious metals keep government in check and accountable to the
market. Can't inflate real gold supplies.
6. They are relatively indestructible compared to paper. Pretty obvious.
7. They have industrial uses. Most electronics require them.
8. They are desirable to almost all of humankind for their inherent
qualities. Bought any paper jewelry lately?
9. Easily divisible. Paper money does share this characteristic.
10. Have always maintained their buying power.
But the best reason of all to use gold and silver as money again is it prevents the government from stealing your money through inflation and then using the stolen money to expand it's power and control over you and your family. Gold is a noose around the bureaucrats necks that keep them in line and subject to you. Course if you like being a slave keep using your paper.
Tuesday, July 21, 2009
Is healthcare a right?
If it is that means you own the health care provider.
In order for you to be able to visit a doctor and benefit(hopefully) from his or her accumulated knowledge and skill he or she has to acquire those things.
So how did that happen? The doctor sacrificed his or her time(many years) and money acquiring those things. Did you pay for that accumulation of knowledge and skill? If not, then what claim do you have on it?
Absolutely none whatsoever. If you think you have a right to that Dr's services you are immoral and a thief.
Now, if you are willing to enter into a voluntary contract with that Dr, wherein you receive treatment and he or she receives agreed upon remuneration you are not a thief and can consider yourself a moral person.
However, if you use the power of government to force this Dr. to treat you, you once again become a thief and an immoral person. No matter how it is done, if you use force in any way, personally or by proxy(government) to get services from that doctor against his or her free will you become a thief.
Nobody can own another person and by extension the service or product produced by that person. Anything a person produces whether it be a product or a service is owned exclusively by that person unless done while under contract to another. Like in an employer/employee relationship.
Anytime you take by threat of force or by force itself you become a thief.
So if you think healthcare is a right you are admitting you are a thief.
In order for you to be able to visit a doctor and benefit(hopefully) from his or her accumulated knowledge and skill he or she has to acquire those things.
So how did that happen? The doctor sacrificed his or her time(many years) and money acquiring those things. Did you pay for that accumulation of knowledge and skill? If not, then what claim do you have on it?
Absolutely none whatsoever. If you think you have a right to that Dr's services you are immoral and a thief.
Now, if you are willing to enter into a voluntary contract with that Dr, wherein you receive treatment and he or she receives agreed upon remuneration you are not a thief and can consider yourself a moral person.
However, if you use the power of government to force this Dr. to treat you, you once again become a thief and an immoral person. No matter how it is done, if you use force in any way, personally or by proxy(government) to get services from that doctor against his or her free will you become a thief.
Nobody can own another person and by extension the service or product produced by that person. Anything a person produces whether it be a product or a service is owned exclusively by that person unless done while under contract to another. Like in an employer/employee relationship.
Anytime you take by threat of force or by force itself you become a thief.
So if you think healthcare is a right you are admitting you are a thief.
Inflation
Is inflation good or bad? What causes it? Is it an inevitability?
Let's look at these questions.
First of all, inflation is a monetary event. It is caused by the creation
of more money and putting it into the economy.
Let's look at inflation in relation to gold. We all know gold is relatively scarce
in comparison to other things like lead, aluminum, copper or paper. Because something is scarce and demand for it is high its price reflects that. Gold has to be mined to get it out of the ground at great expense in terms of capital and labor. Then it has to be refined and purified before it can be minted into coins, made into jewelry or used in electronics. All the known, mined gold in the world would fit in about a 66 foot cube, about the size of a small office building.
So how would one lower the price of gold dramatically, say by 95%? Well, one way would be if all of humanity suddenly decided gold was pretty much worthless and demand almost completely disappeared. History teaches us that scenario is not likely. Now what would happen if an asteroid a little over 300 square feet cubed in size, made of pure gold, crashed into the earth? (forget the effects of such a crash) Now gold is suddenly 100 times more abundant. The value of all pre- gold asteroid gold would plummet. Because the supply was inflated tremendously by this unlikely event the value of gold would collapse. All goods and services previously priced in gold would jump in price or inflate about 100 times.
A car which cost 20 oz. of gold to purchase before the gold asteroid arrived would now cost 2000 oz. of gold to purchase, due to the now relative abundance of gold.
It is easy to see that the likelihood of the gold supply increasing 100 times is slim to none at this time. Therefore when items are valued in gold they will not increase in price much at all. History bears this out.
Now how about if we price goods and services in something that isn't in such a limited supply like, hmmm maybe paper. Cut down some trees, turn them into pulp, process the pulp into paper and cut it into little uniform pieces. Then print some pretty designs and numbers on that paper with some colored ink. Now lets call that money and use it to buy stuff.
So the people in charge of this print up say 1 billion units(dollars if you will)of face value in this new paper money and it gets distributed through the economy and used as money. And it works well. Everybody accepts it and business and trade flourish. Seems like a good idea. Prices are stable and jobs are plentiful.
But then the next year something happens which changes everything. The people in charge(let's call them the government) want more money to further their agenda, you know helping the common man and making this society a utopia. So they say we are going to tax everybody at a 10% rate so we can do all these wonderful things we have planned for your benefit because we are such good, charitable people. But oddly enough the "common man and woman" say, "no thanks we will keep our money and use it ourselves for our own benefit". Talk about greedy and self-serving.
So the powers that be (PTB) come up with a plan. They print up another 100 million units(dollars) and start "spending" them into the economy.
So what happens when this new 100 million in money works its way through the economy? Since there is now more money chasing the same amounts of goods and services the prices start to rise. Who does this hurt?
The common man and woman, right? Their income didn't increase and their savings didn't increase when all this new money came into play but the purchasing power of all the original 1 billion units(dollars) decreased. They were robbed just as surely as if a burglar had held them up and stolen their wallet. But on a much bigger scale. Their income now purchases 10% less and so do their savings.
So who benefited? The PTB now had the money to build a bigger bureacracy and control more of the economy. They paid themselves more and rewarded themselves with more perqs and privileges.
The increase in the money supply which is determined solely by the central bankers and their lackeys, the traitors in the government, create the inflation that robs you of your income and your savings.
So now you know where inflation comes from and what its effects are on you. What are you going to do about it?
Let's look at these questions.
First of all, inflation is a monetary event. It is caused by the creation
of more money and putting it into the economy.
Let's look at inflation in relation to gold. We all know gold is relatively scarce
in comparison to other things like lead, aluminum, copper or paper. Because something is scarce and demand for it is high its price reflects that. Gold has to be mined to get it out of the ground at great expense in terms of capital and labor. Then it has to be refined and purified before it can be minted into coins, made into jewelry or used in electronics. All the known, mined gold in the world would fit in about a 66 foot cube, about the size of a small office building.
So how would one lower the price of gold dramatically, say by 95%? Well, one way would be if all of humanity suddenly decided gold was pretty much worthless and demand almost completely disappeared. History teaches us that scenario is not likely. Now what would happen if an asteroid a little over 300 square feet cubed in size, made of pure gold, crashed into the earth? (forget the effects of such a crash) Now gold is suddenly 100 times more abundant. The value of all pre- gold asteroid gold would plummet. Because the supply was inflated tremendously by this unlikely event the value of gold would collapse. All goods and services previously priced in gold would jump in price or inflate about 100 times.
A car which cost 20 oz. of gold to purchase before the gold asteroid arrived would now cost 2000 oz. of gold to purchase, due to the now relative abundance of gold.
It is easy to see that the likelihood of the gold supply increasing 100 times is slim to none at this time. Therefore when items are valued in gold they will not increase in price much at all. History bears this out.
Now how about if we price goods and services in something that isn't in such a limited supply like, hmmm maybe paper. Cut down some trees, turn them into pulp, process the pulp into paper and cut it into little uniform pieces. Then print some pretty designs and numbers on that paper with some colored ink. Now lets call that money and use it to buy stuff.
So the people in charge of this print up say 1 billion units(dollars if you will)of face value in this new paper money and it gets distributed through the economy and used as money. And it works well. Everybody accepts it and business and trade flourish. Seems like a good idea. Prices are stable and jobs are plentiful.
But then the next year something happens which changes everything. The people in charge(let's call them the government) want more money to further their agenda, you know helping the common man and making this society a utopia. So they say we are going to tax everybody at a 10% rate so we can do all these wonderful things we have planned for your benefit because we are such good, charitable people. But oddly enough the "common man and woman" say, "no thanks we will keep our money and use it ourselves for our own benefit". Talk about greedy and self-serving.
So the powers that be (PTB) come up with a plan. They print up another 100 million units(dollars) and start "spending" them into the economy.
So what happens when this new 100 million in money works its way through the economy? Since there is now more money chasing the same amounts of goods and services the prices start to rise. Who does this hurt?
The common man and woman, right? Their income didn't increase and their savings didn't increase when all this new money came into play but the purchasing power of all the original 1 billion units(dollars) decreased. They were robbed just as surely as if a burglar had held them up and stolen their wallet. But on a much bigger scale. Their income now purchases 10% less and so do their savings.
So who benefited? The PTB now had the money to build a bigger bureacracy and control more of the economy. They paid themselves more and rewarded themselves with more perqs and privileges.
The increase in the money supply which is determined solely by the central bankers and their lackeys, the traitors in the government, create the inflation that robs you of your income and your savings.
So now you know where inflation comes from and what its effects are on you. What are you going to do about it?
Monday, July 20, 2009
Will you buy a GM car?
Now that General Motors is government motors how many of you are going to support the corrupt takeover of GM by the government and the union?
I have owned several gm cars over my life. They weren't the best cars I have owned, that is for sure, but for whatever reason I bought them at the time.
Currently own one now- a Chevy Venture which I plan to drive until the wheels fall off.
But I guarantee this, I will not ever buy a government motors car again. Our government is evil, corrupt, fraudulent and run by murderers. Buying a gm car would be giving my approval and support to these scum. As long as I still have a limited choice about what to do with the remaining dollars in my picked pocket, you can bet they won't go to support any government entity which has been illegally taken over by the jack-booted thugs in office.
I canceled my AIG auto policy soon after the first bailout and told the customer service rep I would never willingly give them any more of my money and that I hoped they soon went bankrupt as they should have done. How many times has AIG received bailouts now? How much more money will be poured into the GM hole? Remember AMTRAK? Why would anybody with a functioning brain think the government could run a business successfully? That defies all known logic.
I have owned several gm cars over my life. They weren't the best cars I have owned, that is for sure, but for whatever reason I bought them at the time.
Currently own one now- a Chevy Venture which I plan to drive until the wheels fall off.
But I guarantee this, I will not ever buy a government motors car again. Our government is evil, corrupt, fraudulent and run by murderers. Buying a gm car would be giving my approval and support to these scum. As long as I still have a limited choice about what to do with the remaining dollars in my picked pocket, you can bet they won't go to support any government entity which has been illegally taken over by the jack-booted thugs in office.
I canceled my AIG auto policy soon after the first bailout and told the customer service rep I would never willingly give them any more of my money and that I hoped they soon went bankrupt as they should have done. How many times has AIG received bailouts now? How much more money will be poured into the GM hole? Remember AMTRAK? Why would anybody with a functioning brain think the government could run a business successfully? That defies all known logic.
Wednesday, July 15, 2009
Will you kill me?
On Capitol Hill today, House Democrats unveiled their $1.04 trillion plan for health care reform, a sweeping plan that was quickly endorsed by President barack obama, who wants Congress to pass legislation before the August recess.
"This legislation is landmark legislation, and this is a defining moment for our country," said House Energy and Commerce Committee Chairman Henry Waxman, D-Calif. The sweeping changes to the health care system would cover 97 percent of Americans and include a mandate requiring all Americans to buy health insurance or pay a fine.
I have had enough of this b.s. If this becomes law I will not comply. I am self-insured and choose not to buy any insurance. My family and I eat right, exercise and are in great health. Matter of fact my family of 5 weighs less than 1 obese american (455 lbs), who by the way according to this report is facing a huge risk of dying from the swine flu pandemic.
I will not pay a fine!
So here is my question to all of you reading this; Do you advocate the use of force against my family and I because we choose to take care of our own health and resist buying into the failed policies of a corrupt, tyrannical monster who thinks it owns us? Are you comfortable with trying to force me at gunpoint to knuckle under and allow more of my over-taxed money to be stolen and used against me?
Are you willing to pull the trigger when I resist? If you support this then that is what you are doing.
"This legislation is landmark legislation, and this is a defining moment for our country," said House Energy and Commerce Committee Chairman Henry Waxman, D-Calif. The sweeping changes to the health care system would cover 97 percent of Americans and include a mandate requiring all Americans to buy health insurance or pay a fine.
I have had enough of this b.s. If this becomes law I will not comply. I am self-insured and choose not to buy any insurance. My family and I eat right, exercise and are in great health. Matter of fact my family of 5 weighs less than 1 obese american (455 lbs), who by the way according to this report is facing a huge risk of dying from the swine flu pandemic.
I will not pay a fine!
So here is my question to all of you reading this; Do you advocate the use of force against my family and I because we choose to take care of our own health and resist buying into the failed policies of a corrupt, tyrannical monster who thinks it owns us? Are you comfortable with trying to force me at gunpoint to knuckle under and allow more of my over-taxed money to be stolen and used against me?
Are you willing to pull the trigger when I resist? If you support this then that is what you are doing.
Tuesday, July 14, 2009
Peter Schiff run for senate
I sent the following email to about 40 people I know.
Please take a minute and read this message at this link.
http://www.schiffforsenate.com/?utm_source=General+Updates&utm_campaign=8c54d3bd0c-Message7_14_2009&utm_medium=email
Peter Schiff is one of the few who predicted this financial crack-up we
are in. He is contemplating running for senate against the scumbag, chris dodd. I believe we need people like Peter Schiff to get into office to replace scum like dodd. Let's send a message to Peter that there are still americans
who value liberty, freedom and want to put the chains back on the government. I am confident Peter will work for us and not against us unlike dodd who got a sweetheart mortgage deal from countrywide. And that is just one of the few things we know about. I would bet there have been a lot more payoffs that haven't come to light.
I made a donation to his exploratory committee. I hope you will also.
Greg
P.S. If you don't know who Peter Schiff is go here:
http://www.youtube.com/watch?v=2I0QN-FYkpw
Youtube has lots of videos of interviews he has done predicting what is happening now and being mocked by the msm.
Please take a minute and read this message at this link.
http://www.schiffforsenate.com/?utm_source=General+Updates&utm_campaign=8c54d3bd0c-Message7_14_2009&utm_medium=email
Peter Schiff is one of the few who predicted this financial crack-up we
are in. He is contemplating running for senate against the scumbag, chris dodd. I believe we need people like Peter Schiff to get into office to replace scum like dodd. Let's send a message to Peter that there are still americans
who value liberty, freedom and want to put the chains back on the government. I am confident Peter will work for us and not against us unlike dodd who got a sweetheart mortgage deal from countrywide. And that is just one of the few things we know about. I would bet there have been a lot more payoffs that haven't come to light.
I made a donation to his exploratory committee. I hope you will also.
Greg
P.S. If you don't know who Peter Schiff is go here:
http://www.youtube.com/watch?v=2I0QN-FYkpw
Youtube has lots of videos of interviews he has done predicting what is happening now and being mocked by the msm.
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