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Data Shows Economic Growth in 2013 Half What White House Said

March 31, 2014

The most recent report on the total output of goods and services in the U.S. marks the third and final revision for the fourth quarter and reveals that real GDP for all of 2013 increased by only 1.9 percent, the Bureau of Economic Analysis announced Thursday.

Adorable little girl says lunch lady made her stop praying

March 31, 2014

A little girl claimed that her lunch lady caught her praying in the cafeteria and forced her to stop–and the Youtube video of the adorable tyke telling her parents about it has become a viral sensation.

It's Not Just the Obama Administration That Is Flouting Law, So Is the Fed

March 31, 2014

It would also appear to be a violation of the Constitution to locate the new Consumer Financial Protection Bureau created by the Dodd- Frank Act inside the Fed. The Constitution requires that all government expenditures be authorized and funded by Congress.

Cleveland Clinic CEO: 3/4 Of Obamacare Signups Will Face Higher Premiums

March 31, 2014

A leading healthcare expert poured cold water on the administration’s recent Obamacare enthusiasm, saying that three quarters of those signed up will face higher premiums than under their previous insurance.

Will Brooke Literally Shoots Holes Through ObamaCare

March 31, 2014

Ahead of the midterm elections, Republicans are still calling for the law's repeal -- some more bluntly than others. Republican Will Brooke, who's running to replace retiring Rep. Spencer Bachus, R-Ala.,

What Every Cat Lover Dreads

March 30, 2014

Sit back, relax and enjoy this video, it’s your worst nightmare come true cat’s really do want to take over the world, at least my Brother-in-Law thinks so, and Banecat proves it.

Democrats, Obama and FED Collude to Deceive Citizens and Congress

Democrats have been scheming since they held the House under Nancy Pelosi and Harry Reid in the Senate to subjugate the American people by regulatory action that is beyond the control of Congress. The Dodd/Frank Financial Reform Bill in conjunction with ObamaCare place the entire economy under Washington’s control. Proof of this collusion between the FED and Treasury has now been made public by action of the FED and an investigation by Hunter Lewis of Against Crony Capitalism. The FED conspired in a clear cut violation of federal law to purchase mortgage securities that were not backed by the federal government and dump them onto the Treasury.

This happened under the watchful eye of  Ben Bernanke of the FED and Turbo Tax Tim Geitner Secretary of the Treasury. We now have the Consumer Financial Protection Bureau created by the Dodd/Frank Act inside the Fed, and is beyond the means of Congress to control as they receive their funding directly from Treasury and not Congress. The only means to defeat such collusion is abolish the FED and reign in the spending by repeal of the 16th Amendment which will bring fiscal sanity back to Washington by backing our currency with gold and silver once again. Until we the people demand and ensure our government operates within the confines of the Constitution Obama, and the political tyrants will continue to rob us blind, this is just one scheme they use to accomplish this theft. From Against CronyCapitalism.org.

 

  

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Having a secretive, self-funded, extra-constitutional agency inside government was bad enough when the Fed consisted of seven governors and a few staff members. The new Consumer Bureau already employs an estimated 1,359 people and keeps growing. Many of these employees were transferred from other government agencies where they formerly had been counted as part of the federal budget, but are now suddenly off-budget. If this is allowed to stand, what other federal agencies will be slipped inside the Fed in the future in order to reduce the reported Federal deficit?

Some of the Fed’s actions since the crash have been perfectly legal but also designed to escape detection by the press and public. For example, in the dark days of the 2008 crash, a provision was buried deep in the TARP bill passed by Congress authorizing the Fed to pay interest to banks on their lending reserves. This made it legal for the Fed to print money and hand it over to the banks in unlimited amounts. One wonders how many members of Congress were aware they were passing this?

Today, the Fed pays ¼ of 1 percent interest on trillions of dollars of unused bank reserves. An estimated 37% of that is paid to foreign banks. This is a grey area legally. One wonders how many members of Congress know about it.