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VOTE NOW: What should Republicans' Top Legislative Priority Be?
Repeal the ObamaCare individual mandate
Stop the NSA's warrantless spying on Americans
Refuse to reauthorize the Import-Export Bank
Stop the ObamaCare bailouts of insurance companies
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While walking down the street one day a Corrupt Senator was tragically hit by a car and died.
His soul arrives in heaven and is met by St. Peter at the entrance.
"Welcome to heaven," says St. Peter. "Before you settle in, it seems there is a problem. We seldom see a high official around these parts, you see, so we're not sure what to do with you."
"No problem, just let me in," says the Senator.
"Well, I'd like to, but I have orders from the higher ups. What we'll do is have you spend one day in hell and one in heaven. Then you can choose where to spend eternity."
"Really?, I've made up my mind. I want to be in heaven," says the Senator.
"I'm sorry, but we have our rules."
And with that, St. Peter escorts him to the elevator and he goes down, down, down to hell.
The doors open and he finds himself in the middle of a green golf course. In the distance is a clubhouse and standing in front of it are all his friends and other politicians who had worked with him.
Everyone is very happy and in evening dress. They run to greet him, shake his hand, and reminisce about the good times they had while getting rich at the expense of the people.
They played a friendly game of golf and then dine on lobster, caviar and the finest champagne.
Also present is the devil, who really is a very friendly guy who is having a good time dancing and telling jokes.
They are all having such a good time that before the Senator realizes it, it is time to go.
Everyone gives him a hearty farewell and waves while the elevator rises.
The elevator goes up, up, up and the door reopens in heaven where St. Peter is waiting for him, "Now it's time to visit heaven...”
So, 24 hours passed with the Senator joining a group of contented souls moving from cloud to cloud, playing the harp and singing. They have a good time and, before he realizes it, the 24 hours have gone by and St. Peter returns.
"Well, then, you've spent a day in hell and another in heaven. Now choose your eternity."
The Senator reflects for a minute, then he answers: "Well, I would never have said it before, I mean heaven has been delightful, but I think I would be better off in hell."
So St. Peter escorts him to the elevator and he goes down, down, down to hell...
Now the doors of the elevator open and he's in the middle of a barren land covered with waste and garbage. He sees all his friends, dressed in rags, picking up the trash and putting it in black bags as more trash falls from above
The devil comes over to him and puts his arm around his shoulders.
"I don't understand," stammers the Senator. "Yesterday I was here and there was a golf course and clubhouse, and we ate lobster and caviar, drank champagne, and danced and had a great time. Now there's just a wasteland full of garbage and my friends look miserable. What happened?"
The devil smiles at him and says,
"Yesterday we were campaigning, Today, you voted.."
Vote wisely November 4TH.
(c/o Lisa Schultz)
AMERICA IS HEADED FOR DEPRAVITY ...
Dr. James Dobson, one of America’s best-known Christian leaders, founder of Family Talk Radio, a courtroom opponent of Obamacare and, just recently, the National Day of Prayer speaker who called Barack Obama the “abortion president,” warns American is heading toward “depravity.”
In his October 2014 newsletter, a copy of which is available online, he wrote about the Old Testament account of Abraham’s nephew, Lot, “who chose to take his family into the wicked cities of Sodom and Gomorrah.”
“The men living there had become desperately depraved, burning with lust for each other. Jehovah told Abraham that their sin was so grievous that the Lord decided to rain utter destruction upon them. Abraham pleaded with the Lord on behalf of the people, but the patriarch could not find even ten righteous men in either of the cities to justify mercy,” he wrote.
“Why have I chosen to recount this biblical story from so long ago? Because I am convinced that America and other Western nations are sliding in the same direction,” he warned. “We have not yet reached the depravity of Sodom and Gomorrah, but that appears to be where we are headed.”
Dobson added, “Judge Robert Bork, the brilliant jurist who was shamefully denied a seat on the Supreme Court, wrote a book about this danger 18 years ago. It was titled, ‘Slouching Towards Gomorrah.’ I think he had it right.”
“Many influential men and women of the judiciary are leading us toward perdition.”
His blast at America lined up with the comments made by the Rev. Billy Graham in a Sept. 30 column for Decision magazine.
Only Graham didn’t hold quite as positive an opinion about America as Dobson. Where Dobson said America is sliding down, Graham said America already is there.
“Even though America is just as wicked as Sodom and Gomorrah ever were, and as deserving of the judgment of God, God would spare us if we were earnestly praying, with hearts that been cleansed and washed by the blood of Christ,” he wrote.
Graham did offer the hope of prayer, like Hezekiah, who “prayed when his city was threatened by the invading armies … and the entire army of Sennacherib was destroyed,” and like Elijah, who prayed “and God sent fire from Heaven to consume the offering of the altar he had built in the presence of God’s enemies,” and Jesus, who “prayed at the door of the tomb of Lazarus, and the one who had been dead for four days came forth.”
Get James Dobson’s classic, “When God Doesn’t Make Sense,” from the WND Superstore.
Graham wrote, “What a glorious thing it would be if millions of us would avail ourselves of the greatest privilege this side of Heaven!
“The problems of the world will never be settled unless our national leaders go to God in prayer,” he said. “If only they would discover the power and wisdom that there is in reliance upon God, we could soon see the solution to the grave problems that face the world!”
Graham’s commentary, headlined, “Turning the Tide of History,” was reprinted from a January 1962 radio program sermon, according to a report from CNS News.
What do YOU think? Does the world seem to be falling apart?
Dobson pinned part of the blame for a crumbling America on federal judges – especially those who of late have found ways to undermine traditional marriage by opening it up to homosexual duos.
“Modernists, libertarians and atheists today recognize no condemnation of sexual perversion in the Bible. However, this historical account illustrates how God views it. The outrageous behavior of the wicked men of Sodom and Gomorrah sealed their doom. Fire and brimstone fell from the sky on both cities and utterly destroyed them,” Dobson explained.
“The story of Abraham and Lot also illustrates how entire societies can become so corrupted by evil that divine judgment eventually destroys them, or they simply fade away. It happened to the people of Greece, Rome, Pompeii and other cities and cultures where wickedness became the order of the day. One thing is certain. God is the holy Sovereign Lord of all heaven and earth, and He will not be mocked.”
And Dobson identified one of those leading the descent: Judge Richard Posner, a “federal judge sitting on the 7th U.S. Circuit Court of Appeals.”
“He became a hero of the pro-gay marriage community by helping to ‘discover’ a provision in the Constitution that laid the foundation for legalizing same-sex marriage. The American people in thirty-one states voted that their Constitutions would henceforth define marriage as being exclusively between one man and one woman. Posner and other imperious judges and justices had a better idea. They simply overrode the will of the people and issued ‘court-made law.’ Whatever happened to Lincoln’s speech at Gettysburg in which he said this government is designed to be ‘Of the people, for the people, and by the people?’ It’s no longer true,” Dobson wrote.
He also noted “another idea” discussed by Posner in his writings – that of “rape licenses.”
Under the judge’s premise, “The ‘right to rape’ exceeds the victim’s physical and emotional pain,” and Dobson said, “Believe it or not, that is the idiocy of the judge’s reasoning.”
Dobson also cited as evidence of the slide the various LGBT education programs being imposed on schools, including “gay history.”
“Well, how about it, parents?” he asked. “Are you willing to send your children off to a public school that is required by law to teach LBGT propaganda to students? I pray not. Are you concerned enough to stand for righteousness and build a wall of protection around your family? Do you know that this great institution is crumbling, and that children will be the victims of its demise? Mrs. Phyllis Schlafly, who has fought boldly and passionately for traditional marriage and the welfare of children, has just published a book titled, ‘Who Killed The American Family?’ It is dying in her view. We can all see evidences of it.”
WND reported previously when Dobson described Barack Obama as “the anti-religious freedom president.”
In his newsletter at the time, Dobson said, “Among other things, [Obama] was targeting religious freedom and set about accomplishing that from the beginning. That was the activity to which I objected strenuously during my comments in Washington. I offer no apologies for expressing those views now. The effort to force Christians to violate their consciences must be opposed with all vigor, regardless of the consequences – primarily because it is unconstitutional. Christians are being chastised, dismissed, harangued and sued for daring to practice their deeply held convictions in the public square. Family Talk is among those who have been pressed against a wall.”
WND also reported that when Dobson spoke to the National Day of Prayer, hundreds stood and cheered his condemnation of the government’s ongoing attempts through Obamacare to require Christians to participate in something that profoundly violates their faith – abortion.
Dobson, through his Family Talk, had fought the Obamacare requirement that employers must pay for abortion-causing agents for their employees. The U.S. Supreme has struck down that requirement now.
Dobson at that time bluntly backed up his opinion.
“[Obama] has made it so that every American will have to pay toward the support of abortion,” he said, citing hundreds of millions of dollars in taxpayer funds that already go to Planned Parenthood, the nation’s largest abortion industry player.
“How can anyone challenge my characterization of Mr. Obama as ‘the abortion president? … He even voted three times in the Illinois state senate not to protect babies who were born alive after surviving botched abortions,” he said.
On Tuesday, November 4th, the midterm elections will take place. There is a concern that I want to share with you with regards to AUTOMATIC, COMPUTERIZED, TOUCHSCREEN VOTING MACHINES!!!!!
SEVERAL computerized voting machines, across the USA, which require you to touch the screen for your choice and candidate, have been automatically casting votes to democratic candidates even when a person votes for the republican person running for office. This is what has happened: A person will touch the computer screen for the Republican Candidate, and then after the vote is cast, the vote cast for the Republican candidate, automatically switches to the democratic candidate after a short delay and after the voter has moved on to cast their next vote for the next race. Their is a slight delay..just enough to insure that if the person voting is not paying attention, their vote will go for the democratic candidate and not the republican candidate they intended their vote to be cast for.
Please be vigilant and go back and go over your computerized ballot a final time, before the computer asks you to complete it. If you encounter this problem, stop voting and go to the person in charge--telling them that your voting machine is not correctly casting the votes you are entering. With many of the key democratic candidates, who support Omama, will do anything to win...Remember this, Omama and his minions come from Chicago, which is known for its corruption.
Interesting piece from Patriot Action Network...
I'd like to offer up some of the Bible passages that have given me assurance that God is in control, and that we truly can give all of our worries over to God, and trust Him to fight this battle for America FOR us.
I do not presume to be any kind of pastor, minister or any of that, and this is not a sermon. I'm just sharing some of my favorite Bible verses that I have come to rely on in these tumultuous times.
I'm going with the New International Version (NIV), although some folks prefer the old mainstay, the King James Version. I love the KJV, but I'm going with a more current form of English this time.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
This sorry place we find our beloved United States is not simply the result of bad politicians doing things the wrong way. The problems are too wide spread and too monumental. This is not about politicians and voter fraud and Obama and Pelosi and Valerie Jarrett.
It's Satan. I know, that statement almost seems childish and naive; it's a cliche. But there is Satan - the Devil, and he and God in Heaven are really going at it!
For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms. -Ephesians 6:12
God WILL fight this battle for us. Truly! Yes, we should be involved in political activism. Yes, we should absolutely vote and advocate for our values and our morals. But ultimately, God can and will fight this battle for us.
I did a commentary on this in fact, back in 2009. If you would like to listen to it, the video is on YouTube.
You will not have to fight this battle. Take up your positions; stand firm and see the deliverance the LORD will give you, Judah and Jerusalem. Do not be afraid; do not be discouraged. Go out to face them tomorrow, and the LORD will be with you. -2 Chronicles 20:17
Also in 2 Chronicles is God's prescription for America, today, in a promise given to His people nearly 2,500 years ago. This is one of my favorite verses, and I believe if God's people - Christians - would just do these things; truly seek after God and truly trust Him - we would see great changes in America.
If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land. -2 Chronicles 7:14
Now then, in a crisis: There are many verses and you can simply Google "Bible comfort in a crisis" and find many more. Here are some that give me peace that defies worldly understanding.
First is that verse in Philippians that gives us supernatural peace:
Rejoice in the Lord always. I will say it again: Rejoice! Let your gentleness be evident to all. The Lord is near. Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God. And the peace of God, which transcends all understanding, will guard your hearts and your minds in Christ Jesus. -Philippians 4:4-7
Then the Bible elaborates on how to move toward that peace of mind. The bottom line is, if you concentrate and "meditate" on all of the bad things that are happening in our country all day and night, you're not going to have much peace in your mind and heart.
This is not to say we should not be informed, but I can listen to news/talk radio while brushing my teeth and showering in the morning, and I'm good for the day. Truly, the things I see on the evening news are the same stories I heard on the radio at 5am when I got up!
So try this: Take the time to employ this practice (and it does take practice, trust me). Spend time each day meditating on the good:
Finally, brothers and sisters, whatever is true, whatever is noble, whatever is right, whatever is pure, whatever is lovely, whatever is admirable—if anything is excellent or praiseworthy—think about such things. Whatever you have learned or received or heard from me, or seen in me—put it into practice. And the God of peace will be with you. -Philippians 4:8-9
Then finally this time around, another habit that takes practice to really employ. It is vitally important to leave tomorrow to God. Predictions of doom and cataclysm; pandemics and disaster are not beneficial to the Christian. We are instructed to give tomorrow over to God, and fully trust that tomorrow is well in hand. God does not want us to fear tomorrow, but to literally give tomorrow over to Him to deal with FOR US.
Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own. -Matthew 6:34
Again, I'm not trying to tell you how to live your life and I'm not writing out of criticism. I'm simply sharing some of the Bible that comforts me in these amazing times. In terms of the Lord, these are very exciting times indeed. God has us here - you and I - on purpose. It was not an accident that we are alive in 2014. The fact is that we're all here for a reason. God bless you all and God save America.
Remember, REVIVAL is the revolution.
Theory of Inflations and Recessions
October 21, 2014
by RICHARD EBELING
[inflationary booms followed by the bust of economic depression or recession had its origin in the control and mismanagement by governments of the monetary and banking system.]
Eighty years ago, in the autumn of 1934, there appeared in English one of the most important books on money and inflation penned in the twentieth century, The Theory of Money and Creditby the Austrian economist, Ludwig von Mises. Even eight decades later, it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.
Mises insisted that the economic rollercoaster of the business cycle was not caused by any inherent weaknesses or contradictions within the free market capitalist system. Rather, inflationary booms followed by the bust of economic depression or recession had its origin in the control and mismanagement by governments of the monetary and banking system.
Mises the Man and Economist
Mises was born in Lemberg (now Lvov, Ukraine) in the old Austro-Hungarian Empire on September 29, 1881. He attended the University of Vienna and earned a doctoral degree in jurisprudence in 1906, with an emphasis on economics. He made his living, however, not in academia but in the world of public policy, in the role of senior economic analyst for the Vienna Chamber of Commerce, Crafts, and Industry, a position he held from 1909 until 1934.
In the Austria between the two world wars he was a leading figure in bringing the Great Austrian Inflation to a halt and assisted in reorganizing the Austrian National Bank on a non-inflationary, gold-backed basis. He was an influential voice in preventing the Austrian socialists from nationalizing commerce and industry and was in charge of a department of the League of Nations’ Reparations Commission in Austria in the early 1920s.
Mises also founded the Austrian Institute for Business Cycle Research, taught a highly acclaimed seminar each term at the University of Vienna, was the Austrian representative of the European Free Trade Association, and led a world-renowned private seminar for Austrian and visiting scholars at his office at the Chamber of Commerce.
After spending several years teaching in Geneva, Switzerland in the second half of the 1930s, Mises moved to the United States in 1940. He taught for nearly a quarter of a century at New York University before retiring, and passed away on October 10, 1973 at the age of 92.
His international recognition and reputation during his years in Europe and the United States was the result of his profoundly important contributions to economics and social philosophy that began when he first developed what became known as the Austrian theory of money and the business cycle in The Theory of Money and Credit (1912), which appeared in English eighty years ago in 1934 in a revised edition.
Money Emerges from Markets, Not Government
Building on the earlier work of Carl Menger, the founder of the Austrian School of Economics, Mises demonstrated that money is not the creature or the creation of the State. Money is a market-based and market-generated social institution that spontaneously emerges out of the interactions of people attempting to overcome the hindrances and difficulties of direct barter exchange.
People discover that certain commodities possess combinations of useful qualities and characteristics that make them more marketable than others, and therefore more easily traded away for various goods that someone might wish to acquire in exchange with potential trading partners.
Historically, gold and silver were found through time to have those attributes most desirable for use as a medium of exchange to facilitate the ever-growing network of complex market transactions that enabled the development of an ever-more productive system of division of labor.
Money and the Savings-Investment Process
Money not only facilitates the exchange of goods and services in the present – currently available apples for currently available bananas – but also makes easier and possible the exchange and transfer of goods and their uses over and across time.
Willing investors can borrow from willing savers sums of money set aside out of earned income to then use to purchase and hire various quantities of productive resources – including capital equipment, workers for hire, and useful resources and raw materials – to employ them in production activities that will finally result in potentially marketable and profitable finished consumer goods at some point in the future.
Out of earned revenues from such sales, the investor pays back the borrowed savings with any agreed-upon interest payment, which reflects the time preference of the savers for having been willing to defer the use of a part of their own income for the period of time covered by the loan.
Under a commodity monetary system such as a market-based gold standard, there is a fairly close and closed connection between income earned and consumer spending, and savings set aside and savings borrowed for investment purposes.
Suppose that $1,000 represents the money income earned by people during a given period of time. And suppose that these income earners decide to spend $750 on desired consumer goods and to save the remaining $250 of their earned income.
That $250 of saved income can be lent out at interest to those wishing to undertake future-oriented investment projects. The real resources – capital, labor services, raw materials – that the $250 of purchasing power represents are transferred from the savers to the investors. The remaining real resources of the society represented by the $750 of buying power that income earners choose to spend in the present are directed to the manufacture and marketing of more immediately available consumer goods.
Thus, the scarce and valuable resources of the society are effectively coordinated between their two general uses – producing goods closer to the present (such as a currently existing oven being combined with labor and raw materials to bake the daily bread that people wish to consume), or being used to manufacture goods that will be available and of use at some point later in time (such as the production of new ovens to replace the existing ones that eventually wear out or to add to the number of existing ovens so bread production can be increased in the future).
Like all other prices on the market, the rates of interest on loans coordinate the choices of savers with the decisions of borrowers so to keep supplies in balance with demands for either consumer goods or future-oriented investment goods.
In principle, there is nothing to suggest that within the free market economy, itself, there are forces likely to bring about imbalance or discoordination between the choices and decisions of those trading in the marketplace, either for consumer goods in the present, or for savings in the present in exchange for more and better goods in the future through informed and successful investment by profit-oriented entrepreneurs.
Central Banks as the Cause of the Business Cycle
But what Ludwig von Mises showed in The Theory of Money and Credit and then in even greater detail in his master work, Human Action, a Treatise on Economics (1949), was how the harmony and coordination of the competitive, free market can be thrown out of balance through the monetary central planning of governments and central banks.
First under a weakened gold standard and then under systems of purely government-controlled paper monies, central banks have the ability to create the illusion that there is more savings available in the economy to sustain investment-oriented uses of scarce resources in the society than is actually the case.
For example, in the United States, the Federal Reserve (America’s central bank) has the authority and power to buy up government securities and other “assets” such as mortgaged-backed securities, and pay for them by creating money “out of thin air” that then adds to the loanable funds available to the banking system for lending purposes.
People may be still consuming and saving in the same proportions out of their earned income as they have in the past, but now financial institutions have artificially created bank credit to offer to potential borrowers, and at below what would otherwise be market-generated rates of interest to make investment borrowing more attractive to undertake.
To use our previous example, suppose that people are still spending $750 of their $1,000 of earn income on desired consumer goods and saving the remaining $250. But suppose that the central bank has increased available loanable funds in the banking system by an additional $250.
Investment borrowers, attracted by the lower rates of interest, borrow a total of $500 from banks – $250 of “real savings” and $250 of artificially created credit. They attempt to draw $500 worth of the society’s scarce and real resources into future-oriented investment activities that would not increase output in the economy until sometime later.
But income earners are still spending $750 of their originally earned income on desired consumer goods. This results in the limited and scarce capital, labor and raw materials in the society being “pulled” in two incompatible directions at once – into the manufacture of $750 worth of consumer goods and $500 worth of investment goods, when to begin with there were only $1,000 worth of such real and scarce means of production.
Price Inflation and Misdirection of Resources
This will inevitably tend to push up prices in general in the economy above where they would otherwise have been if not for the central bank’s expansion of the money supply in the initial form of new bank credit, as consumers and investors bid against each other to attract into their direction the goods and services they, respectively, are attempting to buy. Thus, such monetary manipulation always carries the seed of future price inflation within it.
At the same time, Mises argued, the fact that the newly created money first enters the economy through the banking system through investment loans brings about a malinvestment of capital and misallocation of labor and other resources as investment borrowers attempt to employ (as in our example) the equivalent of fifty percent of the society’s resources into future-oriented investment activities ($500), while income earners wish only to save the equivalent of twenty-five percent of their income ($250).
Even though price inflation will push up the dollar amount of money income earned, the unsustainable imbalance between savings and investment brought about by central bank monetary policy will be reflected in any discoordination between the percentage amount of income (and the real resources they represent) that people wish to set aside for purposes of savings and the amount of money investment borrowers attempt to undertake as a percentage of the real resources available in the society, due to central bank money creation.
Recession Correction Follows the Inflationary Misdirection
This misdirection of capital, labor and raw materials away from that allocation and use consistent with people’s actual decisions to consume and to save, means that every monetary-induced inflationary boom carries within it the seeds of an eventual and inescapable economic downturn.
Why? Because once the monetary expansion either slows down or is ended, interest rates will begin to more correctly reflect real available savings to sustain investments in the economy. At which point, it will start to be discovered that capital and labor have been drawn into investment uses and employments that cannot be completed or maintained in a, now, non-monetary inflationary environment.
An economic recession, therefore, is the discovery period of misallocations of scarce resources in the economy that requires a rebalancing and a recoordination of supplies and demands for a return to market- and competitively-determined harmony in the society’s economic activities for long-run growth, employment, and improved standards of living.
The current boom-bust cycle through which the U.S. and the world economy has been passing for over a decade, now, has shown the real world application and logic of what Ludwig von Mises demonstrated in The Theory of Money and Credit decades ago in the twentieth century.
And why reading and learning from this true classic of monetary theory and policy still offers an invaluable guide for ending the business cycles of our own time.
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