It’s clear: As the number of dollars increased, each one bought less and less.

It’s clear: As the number of dollars increased, each one bought less and less.

And as you can see from the next graphic, our assets are worth less, too.

The “S&P in Gold” is the change in the value of one share of the S&P 500, if you measured the stock index in gold ounces rather than dollars. We believe this is a better measure of the actual value of U.S. corporate assets because it measures their value in a sound currency (gold) rather than in paper.

And we included the share price of Citigroup. As head of the Federal Reserve, Bernanke’s primary regulatory duty was to police the large banks and to protect their depositors. We think the near total destruction in equity value of what was the largest U.S. bank when he took over at the Fed speaks volumes about how well Bernanke did his job.

Bernanke gutted the dollar. He gutted the middle class. He gutted the savings of millions. And he greatly impoverished our country.

And yet, despite it all, Ben Bernanke is still being proclaimed a hero of the republic.

Read more at http://www.wnd.com/2013/10/i-know-exactly-what-the-feds-next-move-will-be/#lDJVi7UcrFyym7bm.99

 

25

For rich people all around the world, Ben Bernanke has been a living saint.

As I explained recently, the Federal Reserve chairman’s policies have allowed the world’s wealthiest capitalists to borrow unprecedented amounts of money … and buy world-class assets.

Meanwhile, the people whom Ben fleeced – the workers, the savers, the few Americans left with simple industry and thrift, the kind of folks who would never have believed the government would actively try to hurt them – have been wiped out. They’ve seen the real value of their wages, savings and standard of living decline by huge amounts.

Read more at http://www.wnd.com/2013/10/i-know-exactly-what-the-feds-next-move-will-be/#lDJVi7UcrFyym7bm.99

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Mike Rowe, widely-known from the hit TV show “Dirty Jobs” and a series of Ford commercials, appeared on The Glenn Beck Program Wednesday to discuss his efforts with the mikeroweWORKS Foundation in challenging “the absurd belief that a four-year degree is the only path to success.”

“We’re lending money we don’t have, to kids who will never be able to pay it back, for jobs that no longer exist,” he explained, echoing what he told TheBlaze TV’s Andrew Wilkow earlier this month. “That’s crazy, right? That’s what we’ve been doing for the last forty years.”

Mike Rowe speaks with Glenn Beck about mikeroweWORKS. (Photo: TheBlaze TV)

Rowe’s motivation for the work largely began with what he described as “the worst advice in the history of the world” – a poster he saw in high school challenging students to “work smart, not hard.”  The picture of the person working “smart” was holding a diploma, and the person working “hard” looked miserable performing some form of manual labor.

“Today, skilled trades are in demand. In fact, there are 3 million jobs out there that companies are having a hard time filling. So we thought that skilled trades could do with a PR campaign,” he said with a smile. “So we took the same idea, went ahead and vandalized it. Work smart AND hard.’”

And with that, he unveiled a similar photo — but with the person working hard now more successful than the person simply holding a degree.  More>>>>>>

Rabbi Daniel Lapin of the American Alliance of Jews and Christians filled in on The Glenn Beck Program Friday to explain why he believes cities tend to vote Democrat, and rural areas Republican – and what it all means for the country.

After showing a county-based map of election results, which is more indicative of rural vs. urban areas than a state-based map, Lapin asked three questions:

1) Why are cities so much more liberal than the rest of the country?

2) Do cities attract citizens with socialistic leanings, or do they tend to convert people who live in them from conservative to left-leaning liberals?

3) What can be done to change this?

Rabbi Lapin guest hosts The Glenn Beck Program on TheBlaze TV. (Photo: TheBlaze TV)

Related

Pontiac, A Eulogy: Excitement No More

Welcome, friends. We're here today to bid farewell to GM's Pontiac. Once a re-badged middle ground between Chevy and Buick, it attempted to … Read…

When General Motors shut down Pontiac, it left a lot of enthusiasts wondering why. It was primed with a lineup of powerful, rear-wheel drive models, and seemed like it had a bright future ahead of it. It turns out that GM killed it on government orders, according to former GM Vice Chairman Bob Lutz.

Friend of Jalopnik and west coast editor for Autoweek Blake Rong had an interview with Lutz today, and from what Rong is putting out on his Twitter feed, it's full of plenty of bombshells. None bigger, though, than this one:

.....the Feds said "yeah, let's just, how much money have you made on pontiac in the last 10 years?" and the answer was "nothing." So, it goes. And, when the guy who is handing you the check for 53 billion dollars says I don't want pontiac, drop pontiac or you don't get the money, it doesn't take you very long to make up your mind.

But I think it is a shame, Pontiac was on its way back, and it was killed before it, before the plant could really sprout blossoms, you know, it was well on its way. So, I agree with you, I think Pontiac was a great, wonderful history, mismanaged for a number of years in the 80s and 90s and it was clearly on its way back, and we were starting to see a very good customer base in solstices and especially in the G8, which was favorably compared in a lot of road tests to the BMW 5-series, people would say dynamically the car is as good and it's more powerful and way cheaper, but that was too bad. but you can't go through Chapter 11 without some really harmful effects.   Read the entire story PLUS video here>>>>>>>

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Renowned evangelist minister Billy Graham said America is in need of a true spiritual awakening.

“If ever there was a time this country needed the intervention of God, it is now,” Graham wrote in a letter published on his Billy Graham Evangelistic Association website. “We can and should pray for America as a whole, but remember that when God sets out to change a nation, He begins by changing people. It starts with individuals.”  MORE>>>>>>>

Logo of the United States White House, especially in conjunction with offices like the Chief of Staff and Press Secretary. (Photo credit: Wikipedia)

Nine senior commanding generals have been fired by the Obama administration this year, leading to speculation by active and retired members of the military that a purge of its commanders is underway.

Retired generals and current senior commanders that have spoken with TheBlaze say the administration is not only purging the military of commanders they don’t agree with, but is striking fear in the hearts of those still serving.

The timing comes as the five branches of the U.S. armed forces are reducing staff due to budget cuts, and as U.S. troops are expected to withdraw from Afghanistan next year.

“I think they’re using the opportunity of the shrinkage of the military to get rid of people that don’t agree with them or not tow the party line. Remember, as (former White House chief of staff) Rahm Emanuel said, never waste a crisis,” a senior retired general told TheBlaze on the condition of anonymity because he still provide services to the government and fears possible retribution.  More>>>>>

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Paul Craig Roberts
Activist Post

In a speech to the Commonwealth Club, San Francisco, November 23, 2010, Peter Dale Scott gave a history of the various directives concerned with government continuity during a state of emergency. He showed that these directives could be used to supersede the Constitution.

The ease with which both the Bush and Obama regimes were able to set aside the due process protections of the Constitution that prohibit indefinite detention and execution without conviction in a trial indicate that Professor Scott’s concern is justified that these directives could result in executive branch rule.

Scott describes how the executive branch efforts to provide government continuity in the aftermath of a nuclear attack dating from the Eisenhower administration were gradually converted into executive or national security (later Homeland Security) orders that confer secret powers to the White House for any event that the executive branch considers to be an emergency.

By Bob Barney

Wouldn't it be nice if a Deomcrat in the Senate had the nerve of Jesse Helms?  In 1982, while facing budget shortfalls, high unemployment and interest rates through the roof, American poor and working people had a friend in Washington that like Jimmy Stewart in "Mr. Smith Goes to Washington," stood out against his President, his party and the media! He refused to bend to the pressure (something that today's Democratic Senators have never learned) and stood like an old oak tree: His name: Jesse Helms.... Here are excerpts from:

Palace Coup: President Ronald Reagan and the Surface Transportation Assistance Act of 1982

The Federal Hwy Dept Records

As the bill moved to the Senate, new problems arose. Aside from the issues that had threatened the bill in the House, some Senators wanted to add a public works jobs bill to the measure, despite presidential opposition, while others wanted to replace the gas tax hike with increased income taxes on the well-to-do. The Senate also faced the threat of a filibuster from conservatives led by Senator Gordon J. Humphrey (R-NH) with support from Senators Don Nickles (R-Ok.), Jesse Helms (R-NC), and John East (R-NC). Humphrey, a first term Senator who would vote against every budget during his two terms (1979-1990) because they included deficits, said of the House action, "Last night the lame-duck Congress laid its first rotten egg." He called the bill "New Deal nonsense" and "Keynesian claptrap." He also accused Congress of panicking and succumbing to the temptation to "do something even if it's the wrong thing."

After the Senate Finance Committee and the Committee on Environment and Public Works approved their portions of the bill, debate began on the Senate floor on December 10. Senator Humphrey launched his filibuster. Under Senate rules, a filibuster can be ended by a "cloture" vote of 60 Senators. Cloture was achieved on December 13 by a vote of 75 to 13. Technically, the vote limited debate on a parliamentary motion relating to the bill. A filibuster on the bill itself, according to opponents, was likely. On December 14, the Senate resumed debate on the bill on a round-the-clock basis, in hope of adjourning on Friday, December 17. However, the four conservatives opened a new filibuster. They had added leverage because their actions were delaying approval of a must-pass omnibus stopgap bill containing 6 of the 13 regular appropriations bills funding eight Cabinet Departments, the others having been approved earlier. Unless the omnibus bill was approved, the President had threatened to shut down a large part of the government and furlough about 350,000 employees when spending authority expired after midnight on Friday.

According to The New York Times, Republican leaders in the Senate were enraged and frustrated by the success of the four conservatives in blocking a bill that the President, the House, and the overwhelming number of Senators supported. When the 54 Republicans met to "discuss strategy and berate the filibusterers in voices loud enough to be heard in an adjacent corridor," one lawmaker could be heard asking, "Are the egos in this place bigger than the institution of the U.S. Senate?" The article quoted Senator William S. Cohen (R-Me.) as saying:

English: Professor Alan Dershowitz of Harvard Law School. (Photo credit: Wikipedia)

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The Biblical Festivals That Teach Us About Jesus Christ

article by Mario Seiglie  courtesy of United Church of God

Few people are aware of the seven festivals God reveals in the Bible. Even fewer are aware that they center around and teach us a great deal about Jesus Christ and His role in God's plan for all mankind.

"The feasts of the LORD, which you shall proclaim to be holy convocations, these are My feasts" (Leviticus 23:2). Sounds impressive, doesn't it? God Almighty saying in Scripture, " These are My Feasts ."

Yet for most of traditional Christianity, these "feasts of the LORD" are thought to have been kept only by the Jews and are deemed meaningless for Christians. New religious holidays have been substituted that supposedly center on Jesus Christ.

How did all this come to be? What is the true meaning of these "feasts of the LORD"? Do they have anything to do with Jesus Christ, or is their symbolism limited only to long-ago events? If we truly want to find the answers in the manner God instructs us, then we should follow the advice He inspired: "Test all things; hold fast what is good" (1 Thessalonians 5:21).

The Bible gives us a good example of how to examine a belief to see if it is correct. When the apostle Paul traveled to Berea, he taught the Bereans certain things that must have been surprising to them. But they didn't close their minds or reject them. Instead, they were willing to give them a fair hearing by carefully examining the Scriptures. What was the result? We read in Acts 17:11-12