This Obama Stimulus package will prove to be a colossal mistake. On a lesser scale, think back to President Johnson and the Vietnam War. The printing presses started up, and more money was put into the system.
Subsequently, the price of oil rose, and the price for food and commodities dramatically increased. Remember how interest rates rose to 21 percent during the Carter years, and the value of the dollar declined?
President Obama’s policies will eventually lead this nation into hyperinflation. He inherited a $1 trillion deficit but is quickly turning it into a $2 trillion deficit. Keynesian economists and mainstream media are ignoring history. They ignore the lessons of Zimbabwe, 1970s America and Weimar Germany during 1918 to 1923.
The policies of the Federal Reserve are also contributing towards this inflationary destruction. For almost 100 years now they’ve been silently stealing American citizens blind.
The Federal Reserve, founded in 1913, is a non-Constitutional cartel of private bankers that has control over the U.S. monetary system for those not aware of this charade. It’s one of the biggest scams ever perpetrated on the American people.
H.R. 1207, which calls for an audit of the Federal Reserve, should be supported. I strongly encourage citizens to call Senators Bayh and Lugar, and Congressman Pence, and encourage them to support H.R. 1207, which calls for an audit of the Federal Reserve.
For me, I favor the total abolishment of the Federal Reserve.
Michael Imhof
Anderson
Letters
Obama practicing dangerous leadership
- Letters
-
-
Letter: Public should have say on library space
As taxpayers, does the public have no say-so what happens with their tax dollars? With some proper schedule management, those existing meeting rooms can fulfill everyone’s needs.
-
Letter: Election fraud tales turn voters away
Columnist Maureen Hayden asked, “Why did 3 million Hoosiers choose not to vote?” She gave a few reasons but I can think of another one.
How about election fraud? -
Letter: Elected officials should buy insurance
I may be wrong but I thought the city and county were hurting for money, and that’s why services keep getting cut or eliminated. One thing is evident. There is no shortage of money for lawsuits.
-
Letter: Source of inequality is not economic
The truth of the collapse of a living-wage economy for working-class America is a social catastrophe and, increasingly, a severe embarrassment to free-market ideology.
-
Letter: America following road to tyranny
Global elitists behind our government have methodically been guiding our government toward the New World Order.
-
Letter: Let’s work through the problems
On May 14 I attended the county council meeting in hopes that I could understand what is happening in the legislative branch of our Madison County government. What I saw was politics at its worst and I cannot applaud either party.
-
Letter: Columnist Brown ignores truth
It’s hard to understand why The Herald Bulletin carries columns by Susan Stamper Brown, who has such a blatant disregard for truth in her conservative propaganda.
-
Letter: Taxpayers should thank the ‘few’
Are those who worry about the loss of the wheel tax concerned about the roads or about their jobs? Most of them could care less about people’s needs.
-
Letter: Government officials should answer to us
We, the people, have allowed government officials to lead us into the crazy one world order. But, is it working? Well, look at the results.
-
Viewpoint: Schools, volunteers reach out to pre-kindergartners, parents
On behalf of Born Learning Connection as service of the United Way of Madison County, I would like to thank all Madison County elementary schools for their generous support in making Blast Off to Kindergarten a countywide success.
- More Letters Headlines
-
Letter: Public should have say on library space
