In Case You Missed It

Here are some points to note from this past week:

• This week, Federal Reserve has initiated it's new program of Quantitative Easing by buying U.S. Treasury Bonds with money that comes from ... er, thin air. They do this, even as Great Britian's efforts to do the same, aren't going smoothly. They also do it while assuring us that inflation won't be a problem. Well, they aren't fooling this guy.
  
• Our new Treasury Secretary, Timothy Geinther, has yet another new plan to bailout the banks. Why is he so confident that this will work to clear the toxic assets off the banks books? Here's the plan explained for us average folk: http://www.youtube.com/watch?v=n-arbfLTCtI. It must be nice being in a business where the government hands you a can't lose hand.
  
• Charles Murray contends that the european mentality is poised to rob Americans of a flourishing life of deep satisfaction, as intended by our Founders. He calls it the: European Syndrome, a syndrome where taking the trouble out of life is trouble. He hopes for a Great Awakening among the political elites.
• The First Amendment may get a breath of fresh air.
• There is a movement at the State level to hedge against the dollar-devaluing activities of the Federal Reserve. So far, the following bills are under consideration: Montana's H.R. 639, Indiana's S.B. 453, Colorado's H.B. 09-1206, Missouri's H.B. 0561, Georgia's H.B. 430 and Maryland's H.J.R. 5 are among the gold currency bills introduced just this year in various legislatures. Looks like NH was ahead of it's time in 2005. Of course, who would ever support a pesky gold standard?
• Hey, no worries on the U.S. Dollar. Our new Treasury Secretary will champion the U.S. Dollar. Right?
• Wait, what did you just say Tim? Did I just hear you say that parts of the system are overwhelmed by administrative regulation?
• I'm wondering where the American version of this guy is?