Jefferson knew best

Thomas Jefferson, one of the very few who were actually good at being president, knew the dangers of war and of centralized banking. He reduced the size of the army and the navy, and said "we must stay out of Europe, they are nations of eternal war."

He was also suspicious of the power of judges and the power of central banking. If he could see the Fed today, he'd have a stroke. He said:

"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs."

Why you should read "Meltdown"

Iceland went under, Austria's banks are about to collapse, and England is teetering. The news from China is just as bleak: 70,000 factories have closed in the last few years, and the unemployed from those closings has hit 20 million. Why?

The root cause is that every country now, following our foolish lead, has an inflating central bank. The favorite tool of these banks: fiat currency. Fiat means "of nothing." So all of this supposed "money" is simply paper backed by nothing.

Thomas Woods, one of the best historian/economists in the country, has come out with a great, relatively short book that explains it all. Meltdown: A Free Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse.

If you read it, you will know more than over 95% of the people in the U.S., and then you can figure out and implement a plan to save your investments and yourself. A small price to pay in these turbulent and scary financial times.