The Arizona Sentinel

The Federal Reserve has found it self between a rock and a hard place. Its put itself in a box and the lids been nailed down. No matter which way they turn , its wrong. Printing more paper, nope , that didn’t work. Lowering the rates , nope that didn’t work. What should they do, but wont. That’s simple. They should go out to the big banks and claw back billions if not trillions of dollars that over the past five years they shoved down the bankers throats. Re encourage small family owned Community oriented banks. Terminate all bank charters across state lines. Raise the window rate , to 21/2 to 3 percent and then back away. Let the market take over. In other words , get out-of-the-way. Then tell who ever is in the White House , to stop calling , lose the number. Maybe even move the fed to Dallas. And one more thing, Congress must repeal the Nafta ,Cafta, Gatt, treaties. They’ve done nothing for the middle class of Americans.
In the early 90s. Allen Greenspan began this idiotic approach to interest rates. Instead of letting the market set the rates. Greenspan under the direction of Bill Clinton and his meddling in the banking industry destroyed the Community bank business. Greenspan/Clinton started this economic decline that we’re experiencing. Then along came bush and paulson, enough said, don’t get me started on these two.
The federal government has no business meddling in the economy. Just like obama/Bernanke , Clinton/Greenspan had no business experience. All of a sudden thanks to Nafta , our economy moved from an economy based on manufacturing, to housing. Wall street jumped all over it. Wrong move. Housing should not and should never be the economic engine of a nation. Housing is the result of manufacturing, making things that can be sold around the world. Manufacturing products gives the nation and its citizens the income to buy homes. And not necessarily new homes.
When the fed , Greenspan , then Bernanke, artificially continued to lower rates. They drove the savings dollars from the Community Banks to the Stock Market, IRAs, 401ks. Those instruments did not and do not spur local economies. And as we’ve seen those dollars went into these CDS’s , derivatives, foreign bonds, muni bonds , and here we are. In other words, instead of investing in our local communities we put our savings, God Only Knows Where!!!!!
We are nowhere near , turning this economy around. Every road block imaginable is in the way. Federal , State, and Municipal Debts. A housing overbuild that will take 10 plus years to absorb. Manufacturing is gone or leaving. Startups are moving off shore or to Texas. When Texas actually becomes an Independent country,watch the Texas economy will skyrocket.
Three cities in California , have filed for bankruptcy protections, more will follow. States will be next. In fact when I ran 3 years ago, I had a plan to do just that. Arizona now owes 66 plus billion dollars. Three years ago it had stated debt of 35 billion, but was actually 44 billion. Arizona is bankrupt . Why ? Government Corporations tied to federal mandates, via DC Bribes.
Here’s a prediction: If America survives the federal and state government failures. We’re now looking at twenty years before this economy turns around for new comers in the labor market. But when it does its going to be a much different economy.

Have you ever considered what cheap money does for your bottom line.  Think America, it raises your adjusted gross income, and there fore you pay more in taxes.  Why do you think your government is keeping interest rates below normal market rates. Sure they borrow for less, but the truth is they want your AGI higher so you pay more.  Here’s another point , who would you rather give your money to , the IRS or a banker.  Think, whos going to loan you money the next time you need or want a loan. The IRS,  dont think so , its your personal banker.

We will never see the American rural American economy come back until the Fed stops fooling with rates.
Today we saw , according to the Nat, Ass’n of Home Builders a 7 point jump in July over June. That sounds good , but what they failed to point out is that many of those new homes were being built for the over 10,000 per day retirees that are moving from the north and north-east to the south and south-west . Many of those retirees were living in apartments, condos , that they rented.
Wait til they find out that the environmentalist and the Agenda 21/Sustainable Development/ Earth First, Nature Conservancy, the Forest Service and more. Are working to destroy private property ownership , especially west of the 100 meridian. Don’t take my word for it. Look it up . Have you ever heard of ICLEI? How about Smart Growth?

If your thinking of retiring , moving to the west , buying a small acreage, so you can raise your own beef, chickens, maybe have a garden, build a pond, put up a windmill. You’ve got some homework in front of ya. America isn’t the land of the free , it used to be. And if you want to know why, look in the mirror.
If we really want to restore America , we should throw a rope around the District of Columbia, drag it down the Potomac, out to sea and let it sink.

Tonight’s show on ( http://www.blogtalkradio.com/americanstatesman/2012/07/19/property-taxes-securities-fraud-land-patents–bruce-olsen  ).  We will be discussing Property taxes, securities fraud, and land patents,fiduciary duties, and if we get time will talk about this character in the White House.  Check here for start time in your state:  http://www.worldtimezone.com/time-usa12.php

Here’s a suggestion for obama, might clear some obvious confusions for him.

http://www.youtube.com/watch_popup?v=FKhVnAgt0EY 

Have fun there’s a bunch of great videos linked to the one above,.. Computervision,  virtually commercial free!!