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The Senate today voted in favor of the economic “stimulus” bill proposed by Mr. Obama. Tax evader, err, Treasury Secretary Timothy Geithner today announced another round of bank bailouts to the tune of $1,500,000,000,000 (1.5 trillion) or more to “get credit flowing and aid struggling banks.”

Meanwhile, stocks tumbled nearly 5% on Wall Street today. I looked for any kind of silver lining today, but I need help with some research. Does anybody know who the manufacturer of this printer is? Their stock price must be going through the roof right now! Let me know, thanks.

Great title. Glenn Beck yesterday presented a very dire chart that represents the amount of U.S. dollars in circulation since 1929. While the title jabs and pokes fun at Al Gore’s “An Inconvenient Truth”, it’s best that you do not get caught in the left-right paradigm of U.S. politics. They are both controlled, manipulated, and equally responsible for what has happened to our economy. So, I don’t look at this video as a right wing attack on the left wing. Instead, I look at it through a politically atheist, impartial lens that focuses on the facts presented.

The House of Representatives today voted in favor of the economic “stimulus” bill proposed by Mr. Obama.

I’ve said it before and I will say it again: Where does all this money come from? It is a question that is rarely asked, but it is extremely important to know the answer to this question. The answer is that it is either printed out of thin air by the federal reserve and/or the money is borrowed from our creditors. In either case, the interest and principal on this money must be paid back by future generations. The only success this bill will have will be to add to our federal budget deficits for years to come and add to our close to $11,000,000,000,000 national debt (that’s $11 trillion, conservatively speaking). To be fair, some of the bill’s provisions are for tax cuts, but even the value of the dollars not paid in taxes will deteriorate as our government tries to inflate its way out of this economic mess.
Now that the President has gotten what he wanted, all eyes will be on how the economy recovers from this moment on. He will have no excuse and very little recourse left (other than proposing even more bailouts and “stimulus”) for an economic recovery.

As Levar Burton would say, “Don’t take my word for it…” Here is Ron Paul on the “stimulus” package.

In light of today’s federal reserve’s announcement to cut interest rates to the lowest on record, which inexplicably seems to cheer the chumps on Wall St., I thought it would be appropriate to post the following series of videos that explain where money comes from. It is a good watch, the concepts are easy to understand, and it’s animated! You’ll learn more from this animated series and probably laugh too when you realize how ridiculous our banking system really works. Understanding this phenomenon is key to making sense of the economic events that transpire every day, especially in regards to the money supply. Enjoy!