- Independent candidate winning in the district 23 special elections in upstate NY, against a liberal and a liberal republican.
- Recent polls have Hoffman leading the race at 31%, followed by the democrat at 27% with one week to go.
- Death Panels for Non-Financial institutions
- Not considered too big to die – Small business
Velocity of Money – Money from treasury -> Bank -> Consumer:
- 1970’s USA increased the money supply – inflation was 2 year behind.
- Using that model, inflation would hit in 2011
- Paul Volker, the Fed Chairman at the time, raised interest rates to 20%
- Inflation was 13%
- 2010 – We have inflated our money supply by 120 %
- What would the rate be to pull the money back in.
- There will be a rush into gold – value of Gold could go up to $5,000 to $10,000 a once.
- Double digit inflation
Iceland got rid of all McDonalds
- Their monetary system collapsed.
- Can no longer afford to import the meat and cheese.
NY Times Editorial – “Yes We Can”
- The Climate Change summit in Copenhagen, will make us change personal lifestyle choices and change global economies
- Lord Stern - Meat is a waste of water – we should adopt a vegetarian lifestyle. Meat eaters put a great strain on world’s resources.
- What is the primary source of protein – beans (Soy, ect)
- We must think as global citizens
- Of 36 Czars only 30 have any real power
- It began with a rant from Glenn Beck
- We should look at her voting record
- If we don’t like her record, we would have every right to “fire” her.
- The government will cut the doctor pay at least 5% if they provide more care then deemed medically necessary (Death Panel)
- This practice was in play back in the early 1990’s – however it was outlawed as it was deemed too dangerous to patients care.
- States 12 million people would “choose” the public option.
- Taxpayers in states who opt out still have to pay for everyone else.
SEIU thugs beat up black man.
Tim Gitner – will use TARP money that is left over (278 billion dollars) as he sees fit to invest. Originally the TARP money was to be repaid to the tax payers.