Liberty Stop

Terry Kinder

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Let me beat a poor dead horse a little more. All of this talk about “green shoots” is a load of horse manure. Edward Hugh, writing an article titled Seeing is Believing, But Stabilising is NOT Recovering, in the Global Economy Matters blog.

Terry Kinder

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Not tired yet of getting looted by government bailouts? Well, Michael Shedlock of Mish’s Global Economic Trend Analysis has an article titled More Prime Foreclosures; More Re-Defaults that will get your blood boiling. You would think our government would have learned its lesson about bubbles after Alan “Bubble Blower” Greenspan and Fed Chairman Ben “Fannie Mae Freddie Mac Daddy” Bernanke pushed our economy to the edge of the abyss by holding interest rates down at artificial and unsustainable levels. You would be wrong. No, instead the government is going to provide taxpayer-funded incentives to refinance mortgages through the Making Home Affordable program. These newly refinanced mortgages will likely re-default in 6-12 months. Yes, you read that right. You are paying many of the same mortgage servicers who made bad mortgage loans to make more bad mortgage loans.

Details highlighted my Mish are provided by John Mauldin in his weekly newsletter titled This Way There Be Dragons.

Terry Kinder

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The Federal Reserve Bank (FED) stole my lunch money. Your lunch money too. Actually, the FED stole much more than lunch money. Here are just a few things the FED has stolen or is in the process of stealing.

Terry Kinder

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One of the biggest mistakes ever made through our Constitutional Amendment process, perhaps with the exception of the 16th Amendment – income taxes – was the decision to ratify the 17th Amendment and directly elect Senators. Previously, Senators were chosen by the state legislatures. Members of the House of Representatives were elected directly by the people to represent their interests. Senators were chosen by the state legislatures to represent the interests of the states. This was part of the Great Compromise, or Connecticut Compromise, which helped settle the dispute between large and small states over how Representatives and Senators would be apportioned.

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A conservative once wrote:

A substantial portion of the conservative movement has become a parody of its former self. Once home to distinguished intellectuals and men of letters, it now tolerates and even encourages anti-intellectualism and jingoism that would have embarrassed earlier generations of conservative thinkers. There are still some good and decent conservative leaders to be found, and a portion of the grass roots has remained uncorrupted by the transformation of conservatism into just another Big Government movement. But Big Government at home and abroad seems to suit many conservative spokesmen just fine. Once in a while they will latch on to phony but conservative-sounding causes like “tax reform”—almost always a shell game in which taxes are shuffled around rather than actually reduced overall—in order to pacify the conservative base, but that’s about it.

Terry Kinder

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The Liberty Stop web site can now be easily viewed using your mobile and / or smartphone.

Terry Kinder

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Our elected leadership in Washington, whether they be Republicans or Democrats, make a mockery of the legislative process, including the idea that bills should be read aloud, and that there be adequate time for public review and comment.

Terry Kinder

Despite all the economic happy talk coming from the Mainstream Media (MSM) and the Obama administration about turning the corner, things look to get worse. Just a few of the challenges ahead of us: deflation, unemployment and falling housing prices.