The Cato Institute Fact-Checks, Responds to President Obama’s State-of-the-Union Address

Were you deceived by President Obama's speech? It actually began very well and sounded very good. The war in Iraq over, "all the troops home", the auto industry was saved by the great GM bailout and "millions of jobs were saved".

Listen to Cato's non-partisan analysis (which won't necessarily make war-mongering republicans who are stupidly eager to spark conflict with Iran happy either) and think again:


The Cato Institute Fact-Checks, Responds to President Obama's State-of-the-Union Address

BAILOUT: How the Fed Creates or "Injects" Money From Thin Air

This is a must see short video that shows how money is created in America by the Fed and why the purchasing power of the dollar has decreased. The Fed today is "injecting" billions of dollars into the Bank System for the Bailout Plan, and this is how it is done--i.e. by creating more debt! The U.S. dollar is not "money", but legal tender and debt notes, based upon NOTHING.