FedUpUSA

Archive for the ‘Glenn Beck’ Category

Glenn Beck finally connected the dots.  Not that we haven’t been hammering on this for over three years, but hey, again, better late than never.  Glenn Beck joins, Neil Cavuto, Dylan Ratigan and Eric Odom.

Yes, you ARE being robbed.  ‘Legally.’  Wall Street and the Big Banks were allowed to steal $14 TRILLION of taxpayer money in the past 3.5 years on the grounds of ‘economic emergency.’  The truth is, their fraudulent and criminal conduct rendered them insolvent, so the government was coerced (bribed and sometimes threatened) into transferring this enormous amount of YOUR money to them.  First in the form of TARP, TALF and the EESA and most recently through the Federal Reserve’s Quantitative Easing.  

The ‘rich’ are not evil.  CRIMINALS are evil.  When those criminals are given a license to steal by our own government, that is beyond evil.  This is not a partisan issue.  BOTH sides of the aisle have enabled this theft.  It was initiated under George Bush and his Treasury Secretary, Hank Paulson and continued and increased through Obama’s administration and his Treasury Secretary Timothy Geithner – all aided by the Federal Reserve and Ben Bernanke.   These people on Wall Street are rich because they STOLE YOUR MONEY!  They are CONTINUING to steal your money.  (Linked in our right-hand column you can read our documented evidence over the past 4 years against some of the biggest players in this mess – even better, watch Inside Job for free over at NetFlix. )

Until this massive fraud and corruption is stopped, prosecuted and those responsible put in jail, our economy will not improve.  Indeed, it will get worse.  Much worse.  At some point, in the not-so-distant future, our country will collapse.

Nothing else matters right now but THIS issue.  It has been the ONLY important issue for the past four years.  It is unfortunate that FedUpUSA and Market-Ticker have been the only ones consistently exposing the fraud and preaching about the urgency of this.  Perhaps now we will have some help.  Maybe on Good Friday, miracles really can happen.

When will you WAKE UP AMERICA?!  STOP THE LOOTING AND START PROSECUTING!

It’s amazing what conclusions people will draw from unrelated events.  This article in the Washington Times for instance.  Of course, the Times isn’t the only place where people are attempting to establish a cause and effect through unrelated events and failing to reach an accurate conclusion from circumstantial evidence.  This is probably why our court system disallows circumstantial evidence, but that’s just an educated guess on my part. 

Glenn Beck* is also doing this with regards to the financial portion of his programs.  He too, has failed to deduce that the cause of our financial meltdown has absolutely no correlation whatsoever to those who are currently exploiting it.

None of what is written in the Times article would have even been remotely possible (assuming there are any bits of truth to this being ‘planned’) unless all the referenced Wall Street firms had already been insolvent – AND THEY WERE!  Anyone who can read a financial earnings report can conclude this merely by examining the data.  Further, anyone can currently see the former balance sheet of Bear Stearns, now happily festering on the Federal Reserve’s books, just awaiting its further taxpayer bailout.

The collapse of Wall Street was not organized by any foreign terrorists – it was created by the Wall Street firms themselves who thought they could collude to drive the prices of mortgage backed securities up in perpetuity. As long as property values were going up, these investment vehicles sold like hot cakes. When normal people could no longer afford homes, the Wall Street banks tried forcing lenders to push ‘creative’ ( a/k/a/ fraudulent) loan products to get people into homes they couldn’t afford – the more risky the loan the bigger the profit for Wall Street. That ended when everyone discovered, much to their disbelief and dismay, that home values were not a perpetual motion machine.  The result was that the portfolios of all these Wall Street firms imploded….only to be rescued by the taxpayers at the point of Hank Paulson’s gun (a/k/a ‘bazooka’).

Now, please tell me how foreign terrorists orchestrated and dictated the actions of almost every single Wall Street firm in our country (to say nothing of the investment firms world-wide that did the same thing) over the past 10 years. If you can answer that, you’ll discover that the collapse was coming regardless of who might now want to exploit it. All of these firms were going to collapse through no fault of anyone’s but their own. They were and still are insolvent and that includes the ones still operating today through taxpayer support. Without the Federal Reserve’s QE policy and without taxpayer exploitation every Wall Street firm would collapse tomorrow. It would have nothing to do with foreign terrorists, George Soros or anyone else.

It is supposition like this article and some of the things from which Glenn Beck is drawing correlations that do not prove effect, which are protecting the true guilty parties: The investment firms on Wall Street and the legislators those firms purchased with their massive profits over the past decade.

Unfortunately it is ‘conspiracy theories’ like these that obsfucate the real truth. The real truth is MUCH scarier than the conspiracy theory in this particular case. You literally have hundreds of criminals running free right now and they are doing exactly what they’ve done for the past decade, just in new areas: they’re robbing us all blind using commodities in which they ‘invest’ with YOUR taxpayer dollars through the Federal Reserve’s QE policy. That same QE and ZIRP policy is also responsible for the unrest around the globe by literally starving people world-wide.

To make this stop the real criminals need to be prosecuted. That is the ONLY answer. And the criminals are not ‘foreign terrorists’ or George Soros; they all reside on Wall Street and in Washington DC.  Understand that George Soros is not an omnicient god, he is but an opportunist who saw the stupidity being allowed to happen on Wall Street and he is now taking advantage of it for his own gains. While he may be a socialist, he makes his money exploiting the bastardized system of ‘capitalism’ we have here – that is: laws don’t apply to those with money – only to the ‘little guys’.  This is not capitalism.  We have not had true capitalism in decades.

Real capitalism is ‘equality under the law’ – NOT ‘some are more equal than others’ and the latter is what our system has become. At this juncture, anyone advocating for Wall Street is supporting fascism.

* Disclosure: I’m actually a Glenn Beck fan and greatly appreciate his efforts.  Some of what he discusses that appear to be ‘conspiracy theories’ truly are valid presentation of fact.  However, when it comes to the economic crisis (from which we are NOT recovering and is ongoing), he is missing the boat trying to tie things together in cause and effect that are just not at all related.

By Justin Lahart

On Tuesday last week, customers at Deb’s Books in Cullman, Ala. started coming in and calling with an odd request: They wanted copies of “The Road to Serfdom,” a book economist Friedrich Hayek wrote over 65 years ago.

Customers at Schuler Books and Music, in Grand Rapids, Mich. were also looking Hayek’s book. Same with the Book Shop in Green Valley, Ariz. On Amazon, it shot to number one where it remained for a week. The reason: Fox News television host Glenn Beck, whose recommendations have lately had an Oprah Winfrey-like effect on book sales, had just devoted a section of his show to the Road to Serfdom.

But Mr. Hayek’s book is no beach read. Rather, it’s dense polemic against socialism that argues that centralized planning by the government will inevitably lead to an oppressive state. Mr. Hayek wrote it while living in England in the early 1940s out of concern that a shift toward collectivism there would give rise to something akin to Nazism.

Even before Mr. Beck’s show, there was a surge in interest in Mr. Hayek, a Nobel-prize winner who died in 1992.

A member of the so-called Austrian school of economics, Mr. Hayek believed that the economy was simply too complex for the government to attempt to manage its ups and downs. He argued that economist John Maynard Keynes’s recommendation that government spend money to allay an economic downturn could actually make the downturn worse, as well as lead to an inflation problem later.

With many people angry over the financial crisis, the recession and the government’s large-scale response to both of those things, Mr. Hayek’s ideas are striking a chord. Late last year George Mason University economist Russell Roberts helped put together a rap video that pitted Mr. Keynes against Mr. Hayek that so far has garnered over a million hits on YouTube.

“Your focus on spending is pushing on thread,” Mr. Hayek inveighs against a hung over Mr. Keynes. “In the long run, my friend, it’s your theory that’s dead.”

Mr. Roberts, a libertarian who runs the economics blog Café Hayek with colleague Donald Boudreaux, says he’s encourage by the renewed interest in Mr. Hayek.

“There’s been very large growth in government and very large growth in the deficit – it’s alarming,” he says. “I don’t know if we’re on the road to serfdom but we may be on the road to Greece, which is scary enough.”

Among most academic economists, however, Mr. Hayek’s ideas about how economy responds to government intervention have held little sway. His major contribution to the field has been the idea that prices convey crucial information about supply and demand, and that government attempts to manage prices – like the price controls put in place by the Soviet Union and its satellites – lead to the overproduction of some items, while others end up in short supply.

It wasn’t a Soviet-era breadline, but the Road to Serfdom has run into some supply and demand problems. The rush of orders caught Hayek publisher The University of Chicago Press short of copies, and it had to resort to print-on-demand services offered by Amazon and Ingram Content Group to fill the gap. That cuts into profitability, says director Garrett Kiely, but not as much as the orders the publisher would have lost if people had to wait for the book. He anticipates that as many as 120,000 copies of the Road to Serfdom will be sold this year, up from about 27,000 last year, and 7000 to 8000 a year before the financial crisis struck in fall 2008.

The Elkhart Public Library, in Elkhart, Ind., has just one copy of the Road to Serfdom and nine holds on it for people waiting in line to read it. It’s ordered another one and would have ordered two, except that recent cuts in the library’s funding mean that it can’t buy as many books in response to reader demand as it used to.

The Road to Serfdom doesn’t earn many accolades from the mainstream academic economists. “Two-thirds of a century after the book got written, hindsight con?rms how inaccurate its innuendo about the future turned out to be,” wrote the late Paul Samuelson in an article published in 2009.

Sweden and its Scandinavian neighbors are among the most socialistic countries in the world, as Mr. Hayek defined them, Mr. Samuelson pointed out. “Where are their horror camps?” he wrote. “Have the vilest elements risen there to absolute power? When reports are compiled on ‘measurable unhappiness,’ do places like Sweden, Denmark, Finland and Norway best epitomize serfdoms? No. Of course not.”

Still, Mr. Hayek’s book taps into a centuries-old distrust of government – and intellectual authority figures like Mr. Samuelson – in America that has been rekindled by anger over recession and the view that elites have been too-little punished while others have paid dearly.

“A lot of people are pretty angry,” says Deb’s Books owner Deb Laslie, who can recite a litany of books that Glenn Beck has recommended because her customers immediately come in looking for them. She’s also been selling a lot of copies of the Declaration of Independence and the Constitution.

“If anything good can come out of all this, it’s that people are becoming more educated,” she says. “I think that’s a good thing.”

The Wall Street Journal

I want to talk to you about communism, but I have to tell you, that sounds like a joke. Three years ago I didn’t even think it was around; I would have mocked someone like me. But don’t fall into that trap. Open your mind and your ears — the country is in trouble.

The best thing to ever happen to communists was the red scare and Joseph McCarthy. We had beaten communism, soundly discrediting it in every sense. People viewed communists as traitors who wanted to destroy America. They crept back into unions — especially teachers’ unions — that coupled with colleges, you now had a situation where communists were starting to be the ones writing and teaching history.

Our children have grown up not knowing what communism is. They didn’t have to go through the emergency attack drills at school. They didn’t grow up hearing about the gulags. They haven’t seen the horror show of millions of mass murders and starving people at the hands of brutal communist dictators.

So now it’s cool to be a communist. T-shirts of Che Guevara are one of the most popular t-shirts around. Che was a racist and mass murderer, yet we have schools banning kids from wearing American flag T-shirts on Cinco de Mayo. If we’re going to ban shirts, how about the one with the communist killer on it? It’s not offensive because no one looks at the history of what they did.

FoxNews

I think it is every American’s duty to understand what is going on within our government.