China To Halt US Lending?
From Reuters: Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday. As a half-full guy, I’m going to read this as “US Will Stop Borrowing Money From China” and be happy. Ok, I’m not [...]
A Possible Bailout Alternative?
It’s at least worth looking at. Â I was listening to Dave Ramsey this afternoon, and he mentioned the possibility of suspending the mark-to-market rules for the subprime industry temporarily. Â After all, there isn’t actually a 78% default rate on mortgages is there? In other words, mark-to-market accounting–not the reality of the economy or the actual [...]
Ron Paul on Glenn Beck Regarding Bailouts and Monetary Policy
Key points in this interview: Bailouts and continued printing of money means your currency is devalued, prices go up, and you are effectively taxed to fund these bailouts. The Treasury Secretary and Federal Reserve have no powers to spend money according to the Constitution. These actions only delay the inevitable. Â The market will eventually correct [...]
How AYSO Is Destroying This Country
 Ever been to a youth soccer match and watched the cute little 5 year olds running around randomly kicking the ball towards an unattended goal?  Did you think it was great that they weren’t keeping score in the game, letting everyone come out feeling like a winner and basking in the experience of the [...]
