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In reality, the Address didn't mean much but the same old story. They are going to cut a tiny bit, and then spend a whole lot more. The fundamental problems are not being tackled. The economics are wrong. We have a very destructive central bank. We have a rapidly growing police state. The People are no longer sovereign. The Fed is making an announcement tomorrow, that will be more important than tonite.
The dollar has lost so much value. The Fed is still keeping interest rates too low, and encouraging malinvestment. Interest rates need to go up on housing loans, drive the values of homes down to where they would be in an unfucked with market. Then buyers will need less for a down payment, instead of them just jacking up the percentage (to 30%, where the banks want them right now, but federal law won't allow them). Also insurance and taxes would drop. If The Fed didn't fuck with the housing market to begin with, and inflate all the values, we wouldn't need to hear dumb motherfuckers cry about how much they're loosing. Tough shit, life isn't fair.
If The Fed announces QE3, we're fucked. Foreign markets will get scared about inflation and their holdings loosing value. The idea that "stimulating" the economy is ass backwards. Especially when they do it with printed money. Our founding fathers warned us about shit like this. American fiat currency has been created and self destructed before. That's why it's in the fucking Constitution. Congress broke the law in 1913 with The Federal Reserve Act, creating The Fed.Thomas Jefferson would have smashed some fucking skulls in for that move. If our brilliant leaders keep on this path, The People will get fucked very hard. Then there will be 2 choices. 1. We go back to our roots, a republic with rule of law, or 2. A totalitarian police state.
"While I may not agree with what you have to say, I'll defend to the death your right to say it."
