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
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- Letter: Founding fathers were humanists
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Letter: Lutz not representing the working class
I feel bad that Rep. Lutz (R) is sad, because Democrats at the Statehouse are representing the working class people of Indiana. While he is representing big business.
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Viewpoint:: Washington must wake up to missile threat
Three years after President Obama opened an outstretched hand to Iran and attempted to reset relations with Russia, the former has restarted its drive to build nuclear weapons including recent missile testing and saber rattling while the latter has dropped its diplomatic relations to Cold War temperatures.
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Letter: Consumer-driven economy will pay off debt
To save America some money — by acclimation of course — let’s not have a presidential election in 2012. We already have a good president who will do his best to kill all Republican bills (DOA) and, consequently, create more good-paying jobs in the $30 per hour range.
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Letter: Gingrich cashes in on political amnesia
Rasmussen says that Romney has flattened nationally. Why?
Two reasons seem to tell the tale. Gingrich has shown that he will fight, and Romney is a Mormon, believed to be a “cult” by a majority of evangelicals. -
Letter: Hiring Winkler not wise spending
As a taxpayer I want to know that my taxes are being spent wisely. Hiring Greg Winkler at a salary of $126,000 is not wise spending.
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Letter: Bill of Rights being nullified by new law
President Obama signed the National Defense Authorization Act on New Year’s Eve. I doubt many Americans noticed its implications because they do not yet comprehend the big picture. This law, coupled with the Patriot Act, is paving the way for America’s direction toward tyranny.
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Letter: $14 trillion debt started by previous president
I’m a proud atheist who’s lucky enough to know the difference between fact and fantasy.
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Letter: Economy putting people in the gutters
We are now getting the results of putting people in the gutters. We need to take a second look at our government and its policies. It’s not working.
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Viewpoint: Look at Creation Museum from an educational, scientific perspective
I encourage any and all who have interest in this vitally important topic to “go to the source,” to invest the time and energy into exploring The Creation Museum for themselves.
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