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Curtis Ophoven's eBooks

 How the Global Economy is Dependent on Christianity


 Why America May Never Recover From the Recession


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Let the Federal Government Cuts Begin

By: Curtis Ophoven

8/10/2010 - 80 Comments

Yesterday the Pentagon announced that it was going to close a major military training facility in an effort to cut billions from its budget over the next few years.

As I have been saying for quite some time now, the Federal Government is eventually going to have to cut spending in a major way.  

Early next year, after the Nov. elections, I fully expect Obama to start cutting away at every department’s budget.

Not that he wants to, but that he has to.  And I’m sure he will try to continue funding his pet projects, like Obamacare, while forcing deeper cuts in everyone else’s pet projects just to keep his pet projects funded – all the while criticizing the Republicans for not cutting deep enough into their projects.

Many of these initial cuts will hit the job market just as the double-dip recession tightens it's grip.  By next summer the unemployment rate could be approaching 11-12%. 

But the public is not going to have much compassion for Federal employees, because according to another study by USA Today, Federal workers earn double their private workers for similar jobs.

“Federal workers have been awarded bigger average pay and benefit increases than private employees for nine years in a row.”

Fed to Buy More Treasury Bonds

At the same time, the Federal Reserve said today that it would again start purchasing U.S. Treasury Bonds in an attempt to revive the failed economic recovery

But it is likely too little and too late.  The Fed doesn’t have any money, other than the money they print and this action is likely to trigger foreign selling of U.S. Bonds which will offset the bonds that they buy.

The Fed is boxed in and no matter what they do the stock market and the economy are some likely going to sink. The Fed is the cause of the recession and they should be charged with fraud, money laundering, treason, etc. 

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The Revolution: A Manifesto

Dr. Ron Paul's THE REVOLUTION: A MANIFESTO is a concise and convincing argument for a return to America's libertarian principles. But the best and most important chapter, without a doubt, is Chapter 6, "Money: The Forbidden Issue in American Politics." Here Dr. Paul details the operations of the Federal Reserve System in stunning clarity. You see, the effects of inflation are not uniform -- the Fed System works as a wealth redistribution system from poor and middle-class to the rich and politically connected. This is the true cause of the increase in inequality and the diminishing middle class.

U.S. Manufacturing: The Engine for Growth in a Global Economy

This volume provides a comprehensive analysis of the essential role of the manufacturing sector of the US economy. The increase in the relative importance of the service sector and the globalization of manufacturing has tended to dull the image of US manufacturing....This volume contains much useful data that has been condensed into tables and charts to provide support to the reader without interrupting the flow of the text.

The Case Against the Fed

This book, written by Murray Rothbard, an economist and historian of fairly well known repute, is a scathing attack on not only the Federal Reserve, but the interests that created this institution. Rothbard explains how the Federal Reserve is the true source in the destruction of wealth, which has led to the destruction of the middle class and continues to sift money into the hands of the wealthiest.

How Capitalism Saved America

This book is an excellent presentation on the problems of government 'regulations' into free market mechanisms. This book illustrates simply and clearly how many chaotic economic problems were caused by interference from government regulations and how capitalism has overcome them. Master this book and you have overcome most of the bad economic thinking of our time. Government is the cause of capitalism failure.