Burn the witches with gas

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"And what burns like a witch?"

"MORE WITCHES!!!"

sorry, just had to post that.

Dennis Prager recently commented that whenever Liberals wish something was true, they declare it to be true and refuse to consider reality. I am paraphrasing, of course. This not only explains why Liberal believe such illogical things, but also explains how they become such willing Dupes for the Activist Left, who DO know what they are doing.

http://mises.org/books/fed.pdf

http://mises.org/books/whathasgovernmentdone.pdf

Both of these PDFs are free, I actually went out and paid money, but again please educate yourself, learn what the government and bankers don't want you to know.

nice links ... absolutely must reads for anyone

nice links ... absolutely must reads for anyone

I can remember when gas station oump attendants not only pumped your gas, accepted cash in hand for payment and even checked your oil along with wshing the windows. A typcials gas station would have two to four attendants.

Not anymore...

Now, its prepayment by cash, credit or debit card. It's long lines plus cashiers with constant attitute in addition to the station owner driving a high end Mercedes. Need I mention mechanics at near 100 dollars per hour at these same gas stations.

A royal cash cow it has been ever since the days of Carter when Opec and the infamous oil cartel was created. As a consequence gasoline is proably some 4-5 times higher than it should be at the gas station pump. These gas stations and oil companies know how to play capitalism on customers based upon whatever the market will bear. I would not be opposed to ending this charade by nationalizing all US oil companies and all US gas stations.

Oh.. did I mention that it's now nothing but self-serve at every gas station nationwide? No more expensive 'attendants'. Pump it yourself while trying not to inhale the fumes and then do your own windows.. with a squeegy.

So steal someone's property for your benefit, but because it would be done by the government it's okay?

I love how people legitimize things that they can never do by themselves by hiding behind "government".

Tell me something telluride, where would government get this right? How is that different from people owning slaves because the government says it's ok? Both are stealing from people whether labor or property to benefit someone else.

You're right.. stealing is stealing. Oil companies and gasoline stations have been doing just that since the days of Carter. What they are doing is not capitalism under any guise. It is theft plain and simple.
Oil companies and gas stations have taken advantage of a product and priced it to the ceiling under the concept of whatever the market will bear. The result is trillions of dollars departed from the United States, Europe and japan since the days of Carter by these oil conglomerates. Some 75% of this transfer is to the Middle East.. and you want it to continue?

It is time this charade end and that such magnitudes of wealth transfer no longer occur. It is draining nations dry and also an element of the world's severe economic problem.

Even the Arab oil producing nations and every other country worldwide that also produces oil know that this resource, oil, is finite not infinite. Each is aware that the oil beneath the ground will one day run dry. That day is soon coming and will occur somethime this century sooner rather than later.

The FED is a legal counterfeiter......

http://mises.org/daily/4029

http://mises.org/daily/4631/preview

A brief look at what really happens when the FED prints money, and how that for every dollar printed the people are placed further in debt.

Think about it; assume we are at a point in history where gold has come to be the accepted method of indirect exchange. People place a subjective value on that gold, and thus it can be commonly accepted. Now, someone comes along and counterfeits that gold (printing money out of thin air), and it goes into circulation. What has happened? The counterfeiter (first/early receiver) then uses it to buy a real product for someone and has benefitted at the expense of the gold owners and those selling real products. This means that the producers are actually transferring their wealth to the counterfeiter.


THIS IS WHAT THE FEDERAL RESERVE and FRACTIONAL RESERVE banking do, and because the federal government has cartelized the banking and money industry certain people accrue wealth only by government interference on their behalf.

OK --- Please be specific for the ding dongs out there. THE FED DOESN'T "PRINT" MONEY but it may as well have the power to do so. They order it from the Treasury when they want it. Close to printing their own but some looney tune will fight you on that point.

RIght, sorry, it's a semantic error. No, it does not literally print the money, but through accounting manipulation, such asbuying T-notes through third parties with the money printed ends up being the same thing in practice.

Three gas station owners report for their first day in prison.
The prison guard asks one of them, "What are you in for?"
He replies, "The government says I charged customers more for my
gasoline than other gas stations. I'm in for price gouging."

The guard looks at the second man. "And you?"
He answers, "I charged less for my gasoline than everyone else. I'm in
for anti-competitive pricing."

The guard looks to the third. "And you?"
He shrugs. "I charged the same price for my gasoline as all the other
gas stations. I'm in for collusion."

LOL, pretty good illustration of one our long standing jokes, antitrust and monopoly laws, which serve only to benefit big businesses, and ruin our economy.

BUT...SHH, most conservatives think that businesses get their money under free market principles, and that only the "poor" are having wealth redistributed their way.

Gentle Readers,

Dear Mr. Jacob,

A modest disagreement;

#1: The disequilibriums in both motor fuels prices and housing prices, with one rising and the other falling, are both the result of well-intended, yet harmful, government interventions in the marketplace.

The lesson to be taken is that the best long-term policy is non-intervention.

#2: You really can't blame the Federal Reserve for the problems in either market.

#3: The Federal Reserve doesn't create money ' out of thin air ', as you put it. The Federal Reserve Board of Governors is a government agency which regulates over 3000 privately owned Federal Reserve Member Banks.

http://www.federalreserve.gov/pf/pdf/pf_complete.pdf

Due to our history, the United States does not have a Central Bank as most countries, rather, we have a Central Banking System we call the Federal Reserve. Many of the member banks are quite small, with capital of only a few million dollars. In order to become a Federal Reserve Member Bank a bank must abide by the very high standards set by Federal Reserve Board of Governors.

No bank is required to become a Federal Reserve Member, and of course, you can put your money anywhere you like - Donald Trumps casino, as an example, if that where you want to ' invest ' your money!

I would remind readers that the 2008 financial collapse didn't involve Federal Reserve Member Banks. Those Wall Street Firms were all private, and they sneered at the Bankers, calling them ' toaster salesmen ' while calling themselves the ' Masters of the Universe '.

There has been alot of poor journalism on this subject with many prominent journalists calling the Wall Street investment firms ' banks ', even though they certainly were not banks. They didn't want the restrictions that came with being a bank. They served a clientele who wanted high-risk/high return investments, until the high-returns turned out to be high-risk, then they demanded ( and got ) a bailout.

And, I am sorry to say, there has been alot of self-serving propoganda by Progressives and others with a political & social agenda, and some who simply have a product to sell.

The Federal Reserve can't simply ' print money '. Money is printed by the Treasury. The Federal Reserve orders cash from the Treasury and actually has to pay for it. Currency in circulation has been remarkably stable even with the financial panic in 2008.

A Credit Expansion can occur if, and only if, the Federal Reserve Member Banks have sufficient assets to offer additional credit based on the criteria set by the Federal Reserve Board of Governors.
This is what usually happens when some people talk about the Fed ' printing money '. However, there are strict capital requirements that have to be met, and any credit can only be provided to qualified borrowers who are expected to repay!

If the Federal Reserve makes mistakes, ( and I think they have, as do many very smart people with Ph.Ds ), please feel free to criticize. However, it is helpful to base criticism on reality, not foolish propoganda from the politically motivated or people seeking an unearned economic advantage.


It is particularly unhelpful to have people blaming the Federal Reserve for policy consequences where it had no role in the policymaking. That is the case with motor fuel and housing prices.

Sincerely,

John Lepant Brighton CO

Sincerely you're a moron. Every time the Federal Reserve prints money, it is printing it out of thin air. It did not happen as the result of labor, and thus it is not real money.

"No bank is required to become a Federal Reserve Member, and of course, you can put your money anywhere you like - Donald Trumps casino, as an example, if that where you want to ' invest ' your money!"

Are you screwed in the head? No bank is allowed to compete, as only the fiat money printed by the federal reserve is legal, and thus if banks do not cooperate with the federal reserve they can't do business.

So you've just lied.

Again for those interested in the truth and who want to see why Lepant here is an idiot and should be ignored, go to Mises and look up...What has government done to our money?


To illustrate how moronic this guy is, he said this.............The Federal Reserve can't simply ' print money '. Money is printed by the Treasury. The Federal Reserve orders cash from the Treasury and actually has to pay for it.

Well what are they paying for it with? The money they just borrowed from the fed, for which you eventually get taxed, and thus these private bankers are receiving your wealth?

Real money is no different than food, or oil, or gold, or salt. It is something that people place a value on and use in voluntary exchange, but is the result of labor, not a printing press. Can you print gold, or salt, or tobacco, all of which have been money before the bankers got control.

Don't be fooled by liars like JLB, he is a plant for republican business interests, and does not want you to know the truth. Be bold and learn the truth.

Keep preaching brotha! Right on the money on all your comments. Love it man

The Federal Reserve System was created in the wake of the Panic of 1907. J.P. Morgan, the richest
man in the United States, had to bail the government out. The Federal Reserve System was created to prevent that. It was also created to replace the Bank of the United States.

Why was there a panic? Could it be due to the national banking system, that the government was interfering with the private market?

Is is possible that there would not have been a panic were it not for government interference?

Were JP Morgan's railroad ventures subsidized? How many Indians did the US army kill to make way for the railroads?

In other words would JP Morgan have been so wealthy were it not for the beneficent hand of the US government?

The federal reserve was created for one thing and one thing only, to give the banks control.

Is the Federal Reserve constitutional? NO!!!! Does any government have the right to hand over control of any portion of the free market to anyone? NO!!!!!!!!!!!!!!
Go away you economic ignoramus.

Luni, you said:
"How many of you people voted for this Harvard graduate? Why does he need another commission? Can't he figure it out? I doubt it. Neither will the commission. It takes common sense to understand it, and neither have that."
___________________________________________________________________________________
I think that he actually knows why the price is going up; moreover, he approves of it because he believes this will make "green" energy and related technologies more atractive to the consumer. That's why I believe that the commission is a subterfuge to buy himself time. Even if a commission gets to the root of the problem and comes up with a good list of solutions, he can easily ignore those recommendations. Does anybody remeber the debt reduction panel he put together? He ignore them. Big time.

Paul Jacobs has it right - THIS time the gas price is never going to fall, because in inflation-adjusted dollars it hasn't risen. Get used to it - your paycheck is being withered away, all for the benefit of a few politicians and the bankers who own them. This has nothing whatsoever to do with some secret cabal of oil executives fixing prices.

I should add that this is also a perfect storm of interests. The greenies love it that people can't afford to buy gas, so they're on board. There's also the fact that the debasement of the currency is a de facto cut in Social Security that doesn't ever have to be voted on in Congress.

Hmmm?? So the rising prices could be a result of the dollar falling in value, and that due to the federal reserve printing magic money out of thin air? See the problem is that many conservative economists don't really understand money, and the impact that a cartelized banking and money industry has on the economy.

Folks I recommend a quick and easy read by Murray Rothbard...What Has Government Done To Our Money? Don't worry, you can read it not be infected with Libertarianism, it's an economic book, not a political philosophy one.

http://www.amazon.com/s/ref=nb_sb_ss_c_1_37?url=search-alias%3Dstripbooks&field-keywords;=what+has+government+done+to+our+money&sprefix;=what+has+government+done+to+our+money

Or you can go to

http://mises.org/

and get the PDF. If you read this you will realize how the bankers have been at the root of much of our economic destruction.

Ron writes: "If government wanted gas to be readily available for reasonable prices, they would hire American oil companies to drill, pump, process, and deliver our offshore, ANWR, and shale oil to gas stations for cost plus ten cents profit, no Arab and speculator costs. "

You want to nationalize our oil production ie: the government sells the oil and contrasts out the operations?

Sound good to me, Alaskan oil cost around 20 dollars to deliver. Give Exxon it's 10% profit margin, the oil is sold to refineries for 22/barrel.

If government wants gas to be readily available for reasonable prices, all they need to do is GET THE
H E L L OUT OF THE WAY!

theres one way to get around their inappropiate comments , yaaaa

and gas went to a Buck seventy-five, that waas a few years back.

to a One hundred and fifty dollors a barrel

oil went

Remember when

I haven't heard the real cause for the price increase yet. Would anyone know why they are shutting down the refineries and not building new ones.

New refineries have been blocked for NIMBY and by enviro-nuts for decades. Haven't heard of any shutting down (not that I'm connected enough to be told, if it doesn't make the news sources), but likely for the same reason or for obsolescence.

Show me whats inappropriate Pleaase

Dear John D,

Try leaving out the dollar signs. Townhall is trying to block spammers.

Sincerely,

John Lepant

"God cannot give us a happiness and peace apart from Himself, because it is not there. There is no such thing."
C. S. Lewis

This is "SMOKE SCREEN 101."

Obama: "Ok guys we're getting hammered over these high gas prices since we declared that moratorium on offshore drilling, so what can we do to transfer the blame to someone else? How bout Bush can we blame him?"

Holder: "Well, boss we could try to blame it on the oil companies and the specualtors and start up some kind of "Task Force" to root our illegal price fixing."

Obama: "That's a great idea. Do you think the public will buy it?"

Holder: "Well I know the Main Stream Media will back us up, they have on every other line of BS we've put out."

Obama: "Sounds good, let's do it. I'll go on TV and tell the American people we're looking out for them and gonna protect them from those evil rich people again. That should do it. Schedule some televised speechs for me."

Ron writes: "Railroads use oil and electricity to drive trains. If more electricity were available from nuclear power, less oil would be needed. "

Are you proposing that we electrify our nation long haul rail lines? Commuter trains run on electric, long distance trains are powered by diesel.

The diesel fuels the electric generators and motors drive the wheels.

“Moreover, brethren, I declare to you the gospel which I preached to you, which also you received and in which you stand, by which also you are saved, if you hold fast that word which I preached to you—unless you believed in vain. For I delivered to you first of all that which I also received: that Christ died for our sins according to the Scriptures, and that He was buried, and that He rose again the third day according to the Scriptures, and that He was seen by Cephas, then by the twelve. After that He was seen by over five hundred brethren at once, of whom the greater part remain to the present, but some have fallen asleep. After that He was seen by James, then by all the apostles. Then last of all He was seen by me also, as by one born out of due time.”
(I Corinthians 15:1-8 NIV)

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