The Fed Unspun: The Other Side of the Story

“Ben Bernake fancies himself as a student of the Great Depression,” says renowned investment broker, global strategist, author, and Austrian economist Peter Schiff, “but… if he were my student he would have gotten an F.”

During a lecture entitled “The Fed Unspun: The Other Side of the Story”, Schiff responded to Bernake’s recent four-part college lecture series, rebutting many of the Federal Reserve Chairman’s claims about the cause of the housing crisis, the role of the Federal Reserve, the value of the gold standard, and more.

Cosponsored by the FreedomWorks Foundation and hosted at Reason Foundation’s DC office, the lecture was followed by a lively Q&A with the assembled audience, including students who attended Bernanke’s George Washington University lectures.

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Saving Social Security with Personal Retirement Accounts

There are two crises facing Social Security. First the program has a gigantic unfunded liability, largely thanks to demographics. Second, the program is a very bad deal for younger workers, making them pay record amounts of tax in exchange for comparatively meager benefits. This video explains how personal accounts can solve both problems, and also notes that nations as varied as Australia, Chile, Sweden, and Hong Kong have implemented this pro-growth reform.

One cannot reform a Ponzi scheme by making it more expensive or less lucrative, and the dearth of new participants dooms a Ponzi scheme of any sort. The only real solution is to give workers control over their own funds and to keep them away from Congress.

Update! Could this link be the reason for the obsession about BMI?

 

 

Saving Social Security with Personal Retirement…, posted with vodpod

 

Unions Are Not Your Friends – Unless You’re a Politician

A Chicago Park District employee criticizes his union leaders’ choices of candidates and causes, and rejects the union’s endorsement for governor. Conversation took place at the Palos Tea Party’s American Voter Rally in Tinley Park, IL, 10.10.2010.

The message he needs to leave on the unions voicemail is, “I have found a lawyer to bring suit under the provisions of “Communications Workers of America v. Beck“

From “Blocking Beck”:

The Supreme Court’s 1988 decision in Communications Workers of America v. Beck established that union members and nonunion workers who are forced to contribute to unions cannot have their funds used for political purposes without their consent. Beck offered two potentially major benefits. First, it could have restored control of their money to individual workers. And second, since as much as 80 percent of dues are used for political purposes rather than to negotiate better salaries or working conditions, it could have reduced the ability of unions to wield political power that limits free markets.

Unions Are Not Your Friends – Unless You’re a P…, posted with vodpod

Free* Government Money With Matthew Lesko!

Nobody knows how to get more free* money from the government than ubiquitous TV pitchman Matthew Lesko ( http://www.leskobooks.com/index.html ). And now he’s cashing in on the biggest pile of government loot since the Treasury first started printing greenbacks.”Who cares about hyperinflation, crippling debt, or a massive tax burden on your grandkids? It’s all free!”*Some shipping & handling fees apply.

Free* Government Money With Matthew Lesko!, posted with vodpod