Crime is so bad in Chicago that the mayor is considering calling in the National Guard. Chicago still has a handgun ban, despite the US Supreme Court striking these down. So Chicago is a laboratory experiment, showing that less guns = more crime. Isn’t Obama from Chicago?
Fed Chairman Ben Bernanke admitted the central bank created $1.3 trillion out of thin air to buy mortgage backed securities. This shocking admission came from the Joint Economic Committee hearing on Capital Hill last week. I was dumbfounded when I saw Bernanke shake his head in the affirmative as Representative Ron Paul said, “Well, where did you get the money? You created this money. So you did monetize debt, and that went into the banking system.”