Wednesday, January 26, 2011

GOP invokes 1700's doctrine in health care fight

Republican lawmakers in nearly a dozen states are reaching into the dusty annals of American history to fight Obama's Socialist takeover of our health care system.
They are introducing measures that hinge on "nullification," Thomas Jefferson's late 18th-century doctrine that purported to give states the ultimate say in constitutional matters.
GOP lawmakers introduced such a measure Wednesday in the Idaho House, and Alabama, Kansas, Maine, Missouri, Montana, Oregon, Nebraska, Texas and Wyoming are also talking about the idea.

The 10th Amendment to the US Constitution states, "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."
Yet, the Federal Government has expanded its powers well beyond the scope intended by the founding fathers of our country.
How do we stop this unconstitutional expansion of federal power?

Nullification is a legal theory that says states, through their legislative bodies, have the right to nullify or invalidate any federal law deemed unconstitutional by that state. Nullification argues that because the states originally entered the Union as sovereign entities on the terms of a compact, they have the power to nullify any law passed by the federal government they believe is unconstitutional.
In this video, Thomas Woods sets the foundation for the principle of nullification through illustration of Thomas Jefferson's actions in 1798.

Sunday, January 2, 2011

U.S. Senate lifts veil on secret bailout funds

By Congressional mandate the Federal Reserve banking cartel was forced to divulge on Dec. 1, 2010, 21,000 lending transactions, that show it disbursed $3.3 trillion from Dec. 1, 2007, to July 21, 2010. It has also been disclosed that numerous institutions and many foreign banks received over $9 trillion off-balance sheet transactions. So $12.3 trillion tax dollars were thrown around in secrecy by unelected bankers… and Congress didn’t know any of the details!?
  • McDonald’s took $203 million from the Federal Reserve
  • Six Minnesota banks received a total $450 million
  • Caterpillar took $733 million from the Federal Reserve
  • The USA based Verizon Communications took $1.5 billion from the Federal Reserve
  • Harley-Davidson received bailout money 33 times, for a total of $2.3 billion
  • The amount injected by loans into Utah-based financial institutions was $6.6 billion
  • $9.6 billion went to the Central Bank of Mexico
  • General Electric Co. needed funding 12 times for a total of $16 billion
  • Deutsche Bank got 73 loans totalling about $76 billion
  • Barclays pulled in $232 billion via 188 loans
  • Goldman Sachs received nearly $600 billion
  • Bear Stearns received just under $1 trillion
  • Morgan Stanley got $1.9 trillion coming from 212 loans
  • Merrill Lynch received $2.1 trillion, spread across 226 loans
  • Citigroup got 279 loans totaling $2 trillion

"I think they [the Federal Reserve], prevented a deep recession for the people who deserved it, the big money people... the Goldman Sachs of the world.”

- - Ron Paul