Obama practicing dangerous leadership

June 30, 2009 09:48 pm

— This Obama Stimulus package will prove to be a colossal mistake. On a lesser scale, think back to President Johnson and the Vietnam War. The printing presses started up, and more money was put into the system.
Subsequently, the price of oil rose, and the price for food and commodities dramatically increased. Remember how interest rates rose to 21 percent during the Carter years, and the value of the dollar declined?
President Obama’s policies will eventually lead this nation into hyperinflation. He inherited a $1 trillion deficit but is quickly turning it into a $2 trillion deficit. Keynesian economists and mainstream media are ignoring history. They ignore the lessons of Zimbabwe, 1970s America and Weimar Germany during 1918 to 1923.
The policies of the Federal Reserve are also contributing towards this inflationary destruction. For almost 100 years now they’ve been silently stealing American citizens blind.
The Federal Reserve, founded in 1913, is a non-Constitutional cartel of private bankers that has control over the U.S. monetary system for those not aware of this charade. It’s one of the biggest scams ever perpetrated on the American people.
H.R. 1207, which calls for an audit of the Federal Reserve, should be supported. I strongly encourage citizens to call Senators Bayh and Lugar, and Congressman Pence, and encourage them to support H.R. 1207, which calls for an audit of the Federal Reserve.
For me, I favor the total abolishment of the Federal Reserve.
Michael Imhof
Anderson