WOW! That was a super fast response. Thank you Matt. I marked it on my calendar. I love to go watch the firewroks each year.

Thanks for the post Bob! I also like taking my dog up to Point Au Rouche State Park  to walk the wilderness trails and then we both go swimming around on a nice day.

The Plattsburgh Mayor's Cup starts July 10th and lasts for 3 days.

The event will begin with the Parade of Lights on Lake Champlain the evening of Thursday, July 10.

Other events will take place on Friday, July 11, and Saturday, July 12, in Trinity Park and the surrounding downtown area.

The boat race will be held the Saturday morning, and a fireworks display will be set off in downtown Plattsburgh Saturday night.

Does anyone know when the Mayor's cup is being held year?

exactly why i bought silver bullion! best investment ever.. the dollar keeps becoming worth less and this chunk of metal gets more and more valuable. Both short term and long term it is a smart way to invest.

I have to say that the roads around here are pretty crappy.

This is a great idea! Make it happen!

Gina

I agree with you Jim. I recently had a blowout due to a massive pot hole. Thank goodness my husband was home that day or I wouldn't have known what do. City taxes are outrageous and Jim, you are right, I see no repairs being made on our roads.

Matt I would like you to know, the potholes are not drivable even if you have a SUV. I was driving mine the day the "minefields" got me.

Gina

Bailing Out Banks

By Congressman Ron Paul

There has been a lot of talk in the news recently about the Federal Reserve and the actions it has taken over the past few months. Many media pundits have been bending over backwards to praise the Fed for supposedly restoring stability to the market. This interpretation of the Fed's actions couldn't be further from the truth.

The current market crisis began because of Federal Reserve monetary policy during the early 2000s in which the Fed lowered the interest rate to a below-market rate. The artificially low rates led to overinvestment in housing and other malinvestments. When the first indications of market trouble began back in August of 2007, instead of holding back and allowing bad decision-makers to suffer the consequences of their actions, the Federal Reserve took aggressive, inflationary action to ensure that large Wall Street firms would not lose money. It began by lowering the discount rates, the rates of interest charged to banks who borrow directly from the Fed, and lengthening the terms of such loans. This eliminated much of the stigma from discount window borrowing and enabled troubled banks to come to the Fed directly for funding, pay only a slightly higher interest rate but also secure these loans for a period longer than just overnight.

After the massive increase in discount window lending proved to be ineffective, the Fed became more and more creative with its funding arrangements. It has since created the Term Auction Facility (TAF), the Primary Dealer Credit Facility (PDCF), and the Term Securities Lending Facility (TSLF). The upshot of all of these new programs is that through auctions of securities or through deposits of collateral, the Fed is pushing hundreds of billions of dollars of funding into the financial system in a misguided attempt to shore up the stability of the system.

The PDCF in particular is a departure from the established pattern of Fed intervention because it targets the primary dealers, the largest investment banks who purchase government securities directly from the New York Fed. These banks have never before been allowed to borrow from the Fed, but thanks to the Fed Board of Governors, these investment banks can now receive loans from the Fed in exchange for securities which will in all likelihood soon lose much of their value.

The net effect of all this new funding has been to pump hundreds of billions of dollars into the financial system and bail out banks whose poor decision making should have caused them to go out of business. Instead of being forced to learn their lesson, these poor-performing banks are being rewarded for their financial mismanagement, and the ultimate cost of this bailout will fall on the American taxpayers. Already this new money flowing into the system is spurring talk of the next speculative bubble, possibly this time in commodities.

Worst of all, the Treasury Department has recently proposed that the Federal Reserve, which was responsible for the housing bubble and subprime crisis in the first place, be rewarded for all its intervention by being turned into a super-regulator. The Treasury foresees the Fed as the guarantor of market stability, with oversight over any financial institution that could pose a threat to the financial system. Rewarding poor performing financial institutions is bad enough, but rewarding the institution that enabled the current economic crisis is unconscionable.

http://www.house.gov/paul/tst/tst2008/tst041308.htm

What these checks are going to do: Cheat our economic numbers so the President and congress don't look like total jerks. Most Americans are in a tough situation, have mounting credit card and other debt, and this country is broke! Where is this money coming from? I will tell you where all this extra money is coming from..... ]

Thin Air. That's where all this money is coming from.

Every time the federal reserve prints money, they have no backing to this fiat/fake paper money. Our currency has NO GOLD OR SILVER backing it anymore. (Thanks Nixon 71') That means our dollar is useless to the world. This is why we see the Arab nations no longer wanting to use our currency for oil sales. The more the Federal Reserve prints and passes out money, the more in debt our nation piles up! The more our government bails out corporations with our tax dollars, the less we have! Why should our tax dollars go to bail out big time corporations when the small business owner gets NOTHING if they are facing financial troubles?

Every American who gets a check isn't going to save it. They WILL SPEND IT. Bush and his administration are hoping for just that! We get to watch the economic numbers turn for a few months in our favor of spending and growth and our media will brainwash us by telling us 1000 times a day that our economy is fine. The numbers are a short term fix and in a few months we will be worse off than we are now. I want gold, I want Silver.

Note: The Federal Reserve is not run by "we the people". The Federal Reserve is a PRIVATE BANK, a business... which has no concern for the American people and our currency. They only care how deep their pockets are.

Liberty Lover