East Coast Economic Update, October 11, 2009

Thanks to UncoverTruth: http://www.youtube.com/user/UncoverTruth and Reborn1776: http://www.youtube.com/user/1776Reborn for keeping me on the straight and narrow!
Please subscribe to their channels!

For Exemptions for the H1N1 vaccine, goto www.utom.org or direct to my email at: yonathan_ben_avraham@utom.org

Guess who's buying almost 80% of our US Bonds? We are(via the FED)! : http://www.chrismartenson.com/martensoninsider/martenson-insider-fed-pomo-act...
and this Article in the WSJ: http://online.wsj.com/article/BT-CO-20091007-709831.htm
Cliff High of the Webbot Project says that October 25th will be a "Financial Event" in his own words: http://www.youtube.com/watch?v=J_MZ8wutMTk

Category:

People & Blogs

Tags:

• Resource Economy
• October 25
• 2009

[DrKoz1974]

pardon my macro-financial ignorance - can someone please explain what the significance of the Fed being the largest buyer of Treasuries is? second time I've heard this today...

[Kittenkattan]

It means that we are eating our own tail finanically. In other words, we are buying our own debt with more debt. That will lower the dollar's worth. Look up Wiemar Republic on wikki! It is what is going to happen to us if we keep doing this stuff.

Peace.

K.K.

[veritasfiles]

One thing I would caution you against is that our current economy is not Capitalist. Capitalism isn't based on debt. It is based on savings. If it's not, then it's a departure or a caricature of Capitalism. Try not to confuse actual Capitalism with these aberrations of Capitalism. "Poverty & Wealth: Why Socialism Doesn't Work" by Ronald H. Nash. Ludwig Von Mises Type Philosopher that I highly recommend. He died in 2006 though. Take care!

[Kittenkattan]

I have Von Mises book on the Great Depression. Great book. I will check out this other fellow. Thanks

John.

[aktlc123]

I agree, but what about those who dont want to contribute to the community and want everything handed to them?

[Kittenkattan]

Nature has a way to correct that problem. It will be what it will be. One needs to see for oneself what nature and the Creator has to offer in this world. It is free to all. We must leave our "Slave" mentality and move on toward freedom.

Peace.

John.

[THESHADOWATCHER]

Totaly agree we are slave to the beast , for me the system is the beast Capitalisim is the beast

[GoatHollow]

Don't misunderstand John... There is ALWAYS something to do around here! If not feeding animals, or tending garden, it's painting, mending fence, or cutting firewood. What's interesting is how I don't consider most of this as work. If you are doing something that is of direct benefit to your family... It just doesn't seem like work. I find myself "multitasking" and praising God all the time for the opportunity, to do these things.

[M0LONLABE]

when is the jubilee? When do WE get our bailout? God better hurry before we take up arms ...

[PrepNow]

There is a great interview on youtube... just search: First Baptist Marco (delete spaces) the video is called: "What is Driving This Market."

Hope you all watch it.

[windwatcher89]

simpler living allows you to forget the diseases of lust and greed. when you sit by the fire at the end of the day and enjoy a good meal, your mind is clear and your heart is content.

~personal experience

[windwatcher89]

good vid homie

[freedomfighterone]

Great vid. I think the resource based economy (based on no money) is the way to go.

[PrepNow]

I just want to share this video:

search: First Baptist Marco (delete spaces) on you tube. The name of video is: "What's Driving This Market?"

This is very frightening, markets dropping 40%. Is this possible?

[tonapah141]

tha FED buying Treasuries, Is like a snake- EATING its own tail until there is Nothing left, to Consume

[blueprophet9]

Thanks, John. Links are working fine now.

Jin