A Secret Scrolls message from Rhonda Byrne,
Executive Producer of The Secret.
http://www.TheSecret.TV
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ELWOOD
http://www.house.gov/paul
http://www.CampaignForLiberty.com
This is Congressman Ron Paul’s opening statement at the Financial Services Hearing on Sovereign Wealth Funds, September 10, 2008. The text can be found here:
http://www.house.gov/paul/congrec/congrec2008/cr091008h.htm
Mr. Chairman, once again we confront the issue of sovereign wealth funds, an issue which has become quite important due to the large amount of dollars and dollar-denominated bonds held by foreign governments, and the fears of these governments given the dollar’s precipitous decline over the past few years. The past few days have been quite interesting, with speculation that one of the reasons for the government takeover of Fannie Mae and Freddie Mac was the more than $1 trillion in Fannie and Freddie debt held by foreign governments. The threat of default on this debt would have undoubtedly had massive repercussions on the value of the dollar and might have unleashed the nuclear threat of a massive international sell-off of government and agency debt.
The United States government now finds itself between a rock and a hard place. The massive amounts of debt that we have allowed to accumulate are hanging over us like Damocles’ sword. Foreign governments such as Russia and China hold large amounts of government and agency bonds, and there are fears that as our creditors they will exert leverage over us. At the same time, as the dollar weakens, the desire to sell bonds and purchase better performing assets increases, leading to fears from others that foreign governments will attempt to purchase American national champion companies, or invest in strategic industries to gain sensitive technologies.
In either case, most politicians overlook the fact that we are in this situation because of our loose monetary and fiscal policy. Actions that would stifle the operations of foreign sovereign wealth funds would likely result in corresponding retaliatory actions by foreign countries against American pension funds and could have the same detrimental effects on the economy as the trade wars begun after passage of the Smoot-Hawley tariff. Rather than limiting or prohibiting investment by sovereign wealth funds, we should be concerned with striking at the root of the problem and addressing inflationary monetary and fiscal policy.
Debtors cannot continue building debts forever, and we now face strong indications that our creditors are eager to begin collecting what is owed them. It is not too late to correct our mistakes, but we must act now and cannot dally. We must drastically reduce government spending, end wasteful and disastrous interventions into financial markets, and rein in the Federal Reserve’s inflationary monetary policy. Failing to do so will ensure a descent into financial catastrophe.
ALAN
There is no shortage of opportunities for making money on the internet at least not according to the many vendors selling wealth creation programs and “get-rich-quick” schemes. Truth be told, there is very good money to be made with legitimate financial wealth building programs, but picking a winner is not always an easy task. So how can you find a good program online to help you create wealth? Is it even worth trying?
Finding The Best Wealth Creation Programs Online
Start by determining your financial goals and the amount of time and effort that you can put into your wealth creation efforts. Then, look for financial wealth-creating programs that meet (or better, exceed) the following criteria; good wealth creation programs should be:
- Simple; the parent program should have expended an effort of their own in designing the system, so that you do not have to recreate the wheel to start making money. Their efforts should be ongoing as well so that you can continue to grow within the program and make more money as you learn more.
Proven; it’s nice to be a standout, but you shouldn’t be your wealth creation system’s only success story. Look for testimonials and references of those who’ve paved the way before you. It’s even better if you can find one whose authors have learned from experience i.e., used their experience to formulate their money making strategy.
Fresh; there should be something unique about your system of financial wealth creation so that you know you are paying for some actual meat in the program, not just shelling out for a program that claims to create wealth but in reality only spurts back more of the same old same old. The method doesn’t have to be entirely new, but it should at least present things in a new or more understandable way, or things few others have brought forth before.
- Credible; you should be able to research the founders of your online wealth creation system to learn more about them, besides what they have to say about themselves. Find people who will vouch for them, or look for accounts of their success across the web.
- Supportive; you are buying into a system for creating wealth because you need some help to organize your efforts and some educational direction. Your wealth creation system should offer continuing support not just to get you started, but to lend advice as you get into the program and later as your experience warrants expansion into other facets of the wealth creation program.
- Reliable; in short, the system you choose to help you make money should never leave you hanging. The system should be reliable and proven, with plenty of examples of success, and the tools, support, and resources the wealth creating program provides should be dependable as well.
Regardless of the program’s intent, a good program for building financial wealth will be all of these things and likely more. You should never feel shy about demanding great things from your wealth creation system; their express goal and function is to help you make money. If it looks like one is interested only in taking your money, best to move on so that you can get the best return on your wealth creation investment possible.
DARWIN
Which national leaders wealth is affected by this crisis?
DORSEY
There is a particular political party in the USA that believes in “spreading the wealth around”, but I can’t remember which one. I know in high school we heard about this type of theory, but I can’t remember from where or what the theory was. I think it’s from Russia or China or something, and I think someone named Chairman Mao or Karl Marx believed in it.
Can anyone help me out?
EFREN
Bail out plans. Everyone spreading the wealth to the needy million and billionaires. Is Obama’s plan the Payback Bush promised the tax payers for agreeing to the bailout?
Even though the tax payers didn’t agree to the bail out.
ERIK
Okay sorry the question was incomplete, Anyways how might people who are born into wealth compare to those who are newly rich or acquired their wealth overnight?
ALI
