Monthly Archives: November 2012
This past Wednesday Congressman Ron Paul of Texas gave his farewell speech to Congress with heavy words of what is needed to revitalize our liberties as men and women for freedom. At the same time the stock market has been contracting throughout the month with many financial analysts speculating a stock market crash, or at the very least a minor market correction. The latter possibility could surpass the 2008 recession market correction where many people lost 30% of their 401k’s and portfolios. With European austerity protests and public disputes over how to handle Greece becoming more volatile, the threat of tax hikes (fiscal cliff) under the Obama administration on dividends and capital gains further strangling the middle class, the question of whether the Fed is actually doing the U.S. a service with QE3? and the recent news that 40 states now have filed for secession from the Union has to make you wonder what has brought us to this point? Ron Paul’s farewell speech reveals the state of the crisis we face pretty clearly.
Ron Paul said this in reference to the liberties our founding fathers warned us of losing.
“After over 100 years we face a society quite different from the one that was intended by the Founders. In many ways their efforts to protect future generations with the Constitution from this danger has failed. Skeptics, at the time the Constitution was written in 1787, warned us of today’s possible outcome. The insidious nature of the erosion of our liberties and the reassurance our great abundance gave us, allowed the process to evolve into the dangerous period in which we now live.”
In regards to the ever burgeoning size of the Federal Government he comments:
Today we face a dependency on government largesse for almost every need. Our liberties are restricted and government operates outside the rule of law, protecting and rewarding those who buy or coerce government into satisfying their demands. Here are a few examples:
- Undeclared wars are commonplace.
- Welfare for the rich and poor is considered an entitlement.
- The economy is overregulated, overtaxed and grossly distorted by a deeply flawed monetary system.
- Debt is growing exponentially.
- The Patriot Act and FISA legislation passed without much debate have resulted in a steady erosion of our 4th Amendment rights.
- Tragically our government engages in preemptive war, otherwise known as aggression, with no complaints from the American people.
- The drone warfare we are pursuing worldwide is destined to end badly for us as the hatred builds for innocent lives lost and the international laws flaunted. Once we are financially weakened and militarily challenged, there will be a lot resentment thrown our way.
- It’s now the law of the land that the military can arrest American citizens, hold them indefinitely, without charges or a trial.
- Rampant hostility toward free trade is supported by a large number in Washington.
- Supporters of sanctions, currency manipulation and WTO trade retaliation, call the true free traders “isolationists.”
- Sanctions are used to punish countries that don’t follow our orders.
- Bailouts and guarantees for all kinds of misbehavior are routine.
- Central economic planning through monetary policy, regulations and legislative mandates has been an acceptable policy.
Now into day five, Friday of the aftermath of Superstorm Sandy’s direct hit on the Northeastern United States and still millions are without power.The system was so large, its tropical storm force winds (39-73mph) went almost 1000 miles from its center. From its origins in the Caribbean as Tropical Depression 18, on October22 to Sandy covering not only the Eastern seaboard but reaching inland to the Great Lakes with reports of 15 to 20-foot waves on Lake Michigan only seven days later. Sandy may go down as the fourth costliest storm in U.S. History with, damage estimates totaling 50 billion dollars.
An estimated 4.1 million households and businesses
remained without power across the Northeast — an estimated 530,000 of them in New York — and authorities warned it could take a week or more to restore electricity for many. ABC News reported Con Ed expects to have all power restored in Manhattan by Saturday.
Looking at pictures of the devastation reveals the sheer power of the storms surge in places like Rockaway Beach New York or Atlantic City New Jersey. A record 14 foot surge combined with the new moon tides attributed to the flood damage in parts of Manhattan, New York.
Superstorm Sandy led to power failures in at least 17 states. 95 U.S. deaths are attributed to Sandy with 67 dead in the Caribbean and two confirmed dead in Canada. At least 41 people were killed in New York City. At least 13 people died in New Jersey, and officials said they feared the toll would rise as additional home searches were conducted. Besides New York City and New Jersey other deaths are in:
- Maryland: 11
- Rest of New York state: 8
- Pennsylvania: 7
- West Virginia: 6
- Connecticut: 4
- North Carolina: 2
- Puerto Rico: 1
Subways and buses rolled again in some parts of New York City Thursday and mandatory water restrictions were in effect across New Jersey after Sandy.The stock market reopened Wednesday, but normalcy is not back by any stretch of the imagination across parts of the Mid-Atlantic and Northeast.
Meanwhile with November 6th Presidential Elections around the corner election officials were ordering generators, moving voting locations and figuring out how to transport poll workers displaced from coastal areas as Tuesday’s presidential election became the latest challenge for states whacked by Superstorm Sandy.
New York Governor Andrew Cuomo says New York’s trains and subways have been recovering from Superstorm Sandy surprisingly quickly.
Still, frustration is building in the region amid gas lines, food lines, ongoing power outages and even some reports of looting.