"The record shows that when the managers of a central bank in any particular country are looking around for ways and means to accumulate more wealth, they are often tempted by two things which are inherently evil and totally destructive to the foundation of civilized countries. One is to encourage an involvement in war so the nation will be forced to borrow heavily. Bonds (which are really government IOUs paying substantial interest to the lenders) are considered to be a most valuable form of collateral assets in a central bank.
"The other temptation is to promote a cycle of 'boom and bust' economics. This simply consists of starting a boom with generous loans at low interest and easy credit and after a few years suddenly raising the interest rates, calling in loans, and bankrupting homeowners, industries, farmers, and millions of people who had trusted the bank to continue its policies.
"Some economists, including Karl Marx, have tried to maintain that these boom-and-bust cycles are an inescapable characteristic of a free-market economy. The truth of the matter is that these so-called boom-and-bust cycles are primarily a phenomenon of manipulated economics, engineered by men who find themselves in an extremely powerful position to control money and credit but seem to lack the moral integrity to resist the opportunity of fleecing the common people who have genuinely trusted them."
www.nccs.net
Friday, October 10, 2008
Wednesday, October 8, 2008
Polls gives Altmire 12-point lead
By The Tribune-Review
Tuesday, October 7, 2008
U.S. Rep. Jason Altmire, D-McCandless, has a 12-point lead over former Rep. Melissa Hart, the Republican seeking to win back the 4th Congressional District post she lost to Altmire in 2006, according to an independent poll released today.
Altmire leads Hart of Bradford Woods by 54 percent to 42 percent, according to the Survey USA poll conducted for Roll Call, a newspaper that covers Capitol Hill. The automated poll of about 600 voters has an error factor of roughly plus or minus 4 percentage points, Roll Call said.
Republican presidential nominee Sen. John McCain leads Democrat Sen. Barack Obama in the district by 8 percentage points, 51 percent to 43 percent, according to the poll. President Bush won the district by 9 points in 2004, though his job approval rating there now is just 30 percent, Roll Call noted. Only 11 percent of respondents approved of the job that Congress is doing.
The 4th District includes most of Beaver and Lawrence counties, and parts of Butler, Allegheny, Westmoreland and Mercer counties.
http://www.pittsburghlive.com/x/pittsburghtrib/news/cityregion/s_592091.html
Tuesday, October 7, 2008
U.S. Rep. Jason Altmire, D-McCandless, has a 12-point lead over former Rep. Melissa Hart, the Republican seeking to win back the 4th Congressional District post she lost to Altmire in 2006, according to an independent poll released today.
Altmire leads Hart of Bradford Woods by 54 percent to 42 percent, according to the Survey USA poll conducted for Roll Call, a newspaper that covers Capitol Hill. The automated poll of about 600 voters has an error factor of roughly plus or minus 4 percentage points, Roll Call said.
Republican presidential nominee Sen. John McCain leads Democrat Sen. Barack Obama in the district by 8 percentage points, 51 percent to 43 percent, according to the poll. President Bush won the district by 9 points in 2004, though his job approval rating there now is just 30 percent, Roll Call noted. Only 11 percent of respondents approved of the job that Congress is doing.
The 4th District includes most of Beaver and Lawrence counties, and parts of Butler, Allegheny, Westmoreland and Mercer counties.
http://www.pittsburghlive.com/x/pittsburghtrib/news/cityregion/s_592091.html
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