Thursday, March 19, 2009

Two Things

Yesterday, following a full day wherein President Obama made his picks for the Final Four and then visited some manufacturers of "greener" cars, the president made an appearance on The Tonight Show, with Jay Leno. President Obama didn't say anything particularly new or different, and he was actually quite funny a couple of times. Too bad he's the president and not a public entertainer.

Let me just say - this is the first thing - that public appearances are fine, and it's nice to let the nation see that you're a nice guy, but if you're the president of the United States of America, and your country is facing a potential depression, i would personally like to know that you are in meetings in deep dark corners of the white house at least 20 hours of the day, discussing and searching to find a real solution for the problems that have been caused BY THE GOVERNMENT.

That was the first thing.

The second thing is that i think that all the president's big public appearances today were all just a distraction. Because the day before yesterday, the decision was made that in order to help our financial situation, we will "buy" $1 Trillion in debt from our own treasury. If that sounds funny to you, it should. I'm no economist, but my understanding is that that means, we've decided to print an extra trillion dollars. We don't have the gold to back it. We're just going to print it. Someone said, "isn't that bad?" Yes, it is. Do you remember the verse in Revelation that mentions "a quart of wheat for a day's wages?" Well, i think that this is how you get there. Printing paper money without actual gold to back it makes the worth of the dollar in the world's economy much much cheaper. This is the tipping point.

That was the second thing.

To read more about this and to get a better layman's explanation, visit Glenn Beck's website here.

3 comments:

  1. Good job understanding economics, gold standard backed currency, and currency devaluation. Most Americans are so far away from this stuff anymore and just trust the big good government to do ‘the right thing’, but it’s all heading for a tragedy. Many world powers are already calling for the dollar to be dropped as the ‘peg’ for oil and other things. If this happens, our economy and way of life is toast and our debtors (largely China) will start calling their loans.

    The more I learn and understand, the more I feel like I’ve been duped, but it’s so important to understand.

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  2. Ughhhhh....I really, really, REALLY. don't see how they can be so...not smart.

    And when it doesn't work, they act all surprised. Like they didn't see it coming.....

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  3. I am so glad that i found you again. I enjoy the way this blog reads.....and it is so easy to get lost in it and stay for awhile..... like a great newspaper......

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