The Mike P. Postings

Repeal the 17^th Amendment Discussion Board member Mike P. posts a large volume of really interesting articles on the discussion board for our group dealing with a variety of topic from the 16^th and 17^th Amendments, Federal Reserve, and Electoral College to name a few. He has incredible research skills pulling in unexpected articles from the far reaches of cyberspace, which I thought might interest you. Here is a summary of some of Mike’s latest posts.

Federal Reserve To Nationalize All US Banks?

The US Federal Reserve is examining the Nordic bank nationalisations of the 1990s as a possible interim solution to the US financial crisis.

The Fed has been criticised for its rescue of Bear Stearns, which critics say has degenerated into a taxpayer gift to rich bankers.

A senior official at one of the Scandinavian central banks told The Daily Telegraph that Fed strategists had stepped up contacts to learn how Norway, Sweden and Finland managed their traumatic crisis from 1991 to 1993, which brought the region’s economy to its knees…

The Law That Never Was

On January 10, 2008, the Federal District Court in Chicago issued a permanent injunction against me on the grounds that I was falsely telling people the 16th Amendment was not ratified. The Court refused to look at the evidence of the non-ratification of the 16th Amendment, deciding the facts to prove my statement was true were "irrelevant," What has America come to when the government can accuse you of lying and prohibit you from presenting a defense in a so called court of law? My attorney, Jeffrey A. Dickstein, will be filing an appeal to the 7th Circuit Court of Appeals. I urge you to review the pleadings filed in this case so you can see for yourself the tyranny being practiced in our court…

Earmarks

As annual spending bills wind their way through Congress this year, there are ongoing battles over earmarked funding for members’ pet projects.

To get a sense of what the battle is about, check out this newly released list of earmarks in the House Interior appropriations bill.

People scour such lists looking for embarrassing bridges to nowhere in Alaska and indoor rainforests in Iowa.

But the real issue is federalism, not earmarks. Many of these funding projects are not federal responsibilities at all. Look at all the local sewer facilities on the list under the EPA. Why can’t Seattle, Buffalo, and other cities fund their own toilet pipes?

THE RICH MAN'S PANIC

The Panic of 1907 was a credit contraction of that year which was used as an argument for the creation of the Federal Reserve in 1913. It knocked the stock market down from DJI 95 in January to DJI 53 in November. It is also called the Rich Man’s Panic because, although it upset quite a few people on Wall Street, there were no effects on the regular economy, and the average man did not know that anything had happened.

The argument in favor of a central bank was that a free economy was subject to such contractions which arose without warning or explanation, like a tornado in the American West, and if J.P. Morgan had not been present acting like a central bank, it would have been far worse.

The American free economy (in the North) dates from 1785, when Noah Webster began his campaign to legalize interest. If there is something deficient in this system, then why did it take 122 years to manifest itself in a problem? Scientists in any field quickly learn how much time is likely to pass between cause and effect. A chemist is likely to see the effect just a few seconds after he mixes two chemicals. A political movement which enacts new legislation is likely to see its effect perhaps 5 or 10 years after the legislation becomes law. A person who adopts a new diet and exercise program is likely to see some effect a few weeks after starting…

The gray wolf, the ESA & the 17th Amendment

Ranchers in Michigan, Wisconsin and Minnesota have joined others in Western states demanding they be allowed to kill gray wolves that are increasing in numbers, traveling in packs and killing their livestock, which represents their very livelihood. When the Fish and Wildlife Service attempted to take the gray wolf off the endangered species list to solve the problem, they were sued by environmental groups like the Sierra Club. As predicted, the federal judge in Oregon ruled against the ranchers and for the greenies, and the wolves will continue to roam in packs, killing livestock at will and any humans who get in their way…

Ron Paul on the Glen Beck Show

Decline of the Republic Day

On April 8th in 1913, the 17th Amendment to the Constitution went into effect. To anybody concerned with checks and balances and separation of powers who had actually read the Constitution, it's hard to see how this could be considered a good idea. As a matter of fact, it's hard to see how it could not be seen as undermining the very concept of a federal republic.