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Don’t Print More Money

September 30, 2011 by  

Leave the printing presses alone! Former Federal Reserve Chairman Alan Greenspan has come out in favor of what no rational person would ever endorse: printing valueless money to cover indebtedness. Here are his exact words: “The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.” Gee, I can remember when the money maestro said the best way to protect our currency was to back it with gold. I still like that solution.

Another really bad idea. The New York Times, which loves to be described as “the most influential newspaper in the world” (I prefer “all the news that’s fit to tint”) has a terrible solution for our debt crisis: Do away with any limits. Yep, an editorial in the grey eminence actually read, “Instead of raising the debt ceiling every few years, it’s time to eliminate this dangerous game once and for all. … The debt limit should ideally be dispensed with, but, at a minimum, it can no longer be held for ransom.”

Governor Christie rejects subsidies for this unreality show. I’ve liked New Jersey Governor Chris Christie ever since he stood up to the teachers unions there. But earlier this week, my esteem climbed even higher, when I heard he had blocked a $420,000 tax credit for the so-called reality show “Jersey Shore.” The New York Times reported: “Christie said he was ‘duty-bound’ to see that taxpayers were ‘not footing a $420,000 bill for a project which does nothing more than perpetuate misconceptions about the state and its citizens.’” Good for him.

Let’s give them our seat. Thanks to the alert reader who sent me the best solution I’ve seen about giving the Palestinian Authority a seat in the United Nations. He didn’t bother pointing out that the U.N. has no authority to create nations. He merely suggested that we give them a seat: our seat. I like it. Get the U.S. out of the U.N. — and the U.N. out of the U.S.

–Chip Wood

Chip Wood

is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.

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  • Jim C.

    The Fed has had for years, a stated policy of creating inflation to “grow the economy”. They do this by printing money. When are Americans going to realize the impact of this? It destroys our hard earned savings when the government, which, incidentally has not earned the money, prints more. Politicians like to talk about the widening gap between rich and poor. THEY are causing it by allowing the Fed to inflate the money supply. Wealthy people can always pay themselves more money to cover the inflation. Poor people and the middle class have to ask for a payraise. And they seldom get it. THAT is causing the gap between rich and poor.

    Just imagine if the hard earned savings you put away for a rainy day purchase (house, car, boat, trip, etc.) were worth the same today, as when you earned it, instead of 20 – 30% less. People would die of shock to realize how many years the government has stolen from them.

    These yahoos don’t understand squat about the economy. We don’t need steady inflation to grown the economy. We just need the government to get out of the way of the private sector, and do it’s job of maintaining a stable money supply.

  • Buck

    Lots of good info here to comment on . Congress needs to pass a law that no money except fot replacemnt money can be printed for fifty years , at least . The New York times says we need to eliminate the debt limit , I say we need to eliminate the New York times because of the trees they waste . I like governor Christie , in New Jersey , not in Washington . I agree completely , please give our seat in the UN to ANYONE else . We need to be OUT of the UN and we need the UN out of our country . The most useless piece of property in the world is the property the UN sits on .

  • jim capy

    As our dollar diminishes we will be paying more for everything as the government steals our money and spends it on countless foolish projects. It doesn’t matter anymore who runs the country. We are bankrupt and will eventually default on money we can never pay back.

  • Edward

    In another stupid thing that the FEDS did was to cut $600 MILLION Dollars out of the WIC Program. Don’t they know that a developing fetus if not properly nourished will not develop properly and that child will be handicapped for the rest of its life. Then they turned around and gave A TAX BREAK OF $600 MILLION TO ALL PERSONS EARNING OVER A MILLION DOLLARS A YEAR. (Courtsey of the Northern Virginia Hunger Summit held 9/30/2011 in which Congressman Wolf and Moran spoke.)

  • newspooner

    We have made significant progress in educating Americans about the evil United Nations in the past 50 years. Many activists still think we are wasting our time on this issue, but a much higher percentage of the general population now has a good basic understanding of the issues. We must keep the pressure on. Discussing the Agenda 21 programs is an effective way to do this locally. Get US out!

  • Victoria1555

    It is time to expose the Federal Reserve for the criminal enterprise that it is! I want to now read the book THE CREATURE FROM JEKYL ISLAND 199_? The Fed Res is not (should not) be a part of our government. This is also one of the reasons I cannot vote for Cain as he is (was) on the board of one Fed Res. :)

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