The spend, spend, spend tactics of government are not appropriate for the future of the United States. They are not appropriate for the United States economy. They only serve to hasten the demise of the middle class in the Unites States and to destroy the constitutional foresight of our founding fathers. They are tactical weapons to weaken and destroy the strength of our currency in its supportive role in improving the lives of Americans.
If one chooses to look into the logical path of our future as a consequence of the spending tactics and to observe the actual consequences of such tactics, one will find consequences quite different from those intended by a vast majority of voting citizens.
Bad financial policies first began when the government fostered them in an attempt to thwart natural economic forces that control undulations in the U.S. economy. They began innocently enough by attempting to force thrifty savers to spend their savings or to divert them to investment sources not protected by the goodwill and faith of U.S. citizens’ belief in themselves and their constitutional freedoms. They abandoned the traditional methods of tweaking economic undulations through interest rate juggling to all out continued suppression of interest rates despite political changes in Washington.
U.S. financial system troubles accelerated. Fannie Mae and Freddie Mac, two entities supported by the government, overstepped traditional restraints and followed the lead of Wall St. in engaging in reckless lending practices in the housing industry. With unquestioned belief in his Treasury Secretary, a carry over from the Clinton regime, President Bush pushed for bailout of financial and insurance behemoths. Government bailout spending went to behemoth Wall St. institutions that have been guilty of reckless betting on activities not directly contributive to the maintenance and growth of the U.S. economy and a sound monetary system designed to support it.
This past year the government regime change unleashed an all out assault on the free market monetary system with wild “stimulation” spending by consciously intervening directly in the free market. Concurrently, they assaulted free thinking Americans as “radicals”.
Government is subtly letting us know that we are in for a lot of pain as we work our way out of a recession. You may want to call it a recession, but it was not caused by natural economic forces, but by Wall St. and government meddling.
If you delve into facts, I’m sure you will find that some of your bailout money has found its way into the hands of the fat cat hedge funds through Wall St. systemic unchecked leveraging methodology. Is this what you thought the Democratic Party redistribution of wealth meant? You will find that much smaller than usual amounts are circulating into U.S company stocks in our U.S. markets. Under control of the behemoths and fat cats, just enough funds are being used to sustain an “optimism bubble” in the U.S. stock market. Tangible proof of this is in the stock market records. When you see early day price drops followed by late day recovery or gains, guess who is buying (manipulating)? These unusual movements are inordinately visible to veteran market watchers. The government is letting us know we will be hurting in the future, so you know they have knowledge of and are a party to goings on.
What will hurt us will be the pent up losses still to hit us as Fannie Mae and Freddie Mac and banks recognize the fall outs from their ill fated housing foreclosure loans. Look around you and you will see the non-fat cat banks failing because of loan defaults. Government pressure in on banks to continue making non-credit worthy loans while banks are trying to normalize lending to stay solvent.
Where has the money that your government gave to the bailed out behemoths gone? No one is telling us. But if you look around you for tell tale signs, U.S. investments by behemoths and the leveraged fat cats in foreign companies has been rising. It has been placed in the potential harms way with you, the taxpayer, standing the risks. What are the risks? The emerging markets where the new bets of the fat cats are being placed are in countries hardly friendly with the United States. Not one of them is willing to join us in a boycott of Iraq, a great oppressor of freedom and threat to peaceful world stability. Why finance the growth of such countries? Obviously this is an unintended consequence of ill advised financial policies of an inattentive government submerged in blinding ideology.
When our monetary system got clogged because of egregious Wall St. practices in 2008, who took the ensuing U.S. stock market loss? Not the leveraged fat cats, but the average U.S. investor. The fat cats were given time by the first government bailout to move any of their at-risk money into oil and other commodities. This caused operating costs in a lot of U.S. companies to rise and hit consumers in the pocket book. When the fat cats deleveraged, average U.S. investors took the inevitable U.S. stock market hit. The behemoths were bailed out.
What is the direct answer to my question of where the bailout money went? Most of it was invested in foreign economies, not the U.S. economy. Where did the money come from? It came primarily from U.S. borrowing from foreign countries using U.S. dollars obtained from U.S. companies who buy goods imported from them and from printing by the Federal Reserve, i.e. big taxpayer debt.
So what’s changed? We are maintaining a huge debt to foreigners which has done nothing to help our U.S. economy. The debt now has much shorter term maturity dates than before bailouts began. You, U.S. taxpayer, are being subjected to unrelenting and increasing pressure to pay off a huge debt with increasingly shorter payment due dates. What assurances do we have that foreigners will keep refinancing debt when the now short maturity dates come due? The answer is none.
If their economies are growing, why wouldn’t they collect on U.S. debts and reinvest in their own economies? The logical answer is they would. The result is more pressure on the American working taxpayers. The fat cat foreign earnings will run through foreign entities they set up. You should be interested in knowing just how our government is going to collect taxes on foreign company earnings. I’ve heard politicians decry the unfairness associated with their inability to collect such taxes of fat cats. Knowing that, how can these politicians lie to you by telling you they are going to tax the rich to pay for increased taxes they are creating as a result of their ill advised financial policies? What a politically appalling lie.
The combined government policy of providing bail out funds to Wall St. behemoths and selective stock market timed investment of a portion of such funds by behemoths created the stock market “optimism bubble” as I have alluded to. Now the government will begin letting some of the air out of that bubble by orchestrating control over the process of cleansing the inevitable losses from borrowers giving up houses they can’t afford. As I have previously mentioned the government is subtly letting us know this is coming. The cleansing will be orchestrated over time. What they are not telling you is that Wall St. gurus actually have operating tactics that allow them to find ways to profit on the inevitable cleansing. Who do you suppose loses when the Wall St. gurus profit?
However, the most disastrous effect of government financial policies is the effective dismantling of constitutional safeguards to our free market monetary system and of the free market itself. The government intrusions into financial markets and into the free market economy itself are directly contrary to the foresight provided by our founding fathers.
The dollar will no longer be a symbol of value based upon the American Dream but rather a symbol of financial power accumulated in the hands of a few and a symbol of political chicanery of a government that willingly duped its citizenry to achieve complete political power through smoke and mirror tactics. The history of autocratic powers since man instituted human societies is suppression and deterioration. History will record another chapter of suppression in its records if U.S. citizens do not stop the assault on the foundations for the greatest societal advances ever achieved by mankind.
Advances made in the U.S were accomplished because of adherences to the law making structure provided by the checks and balances of our constitutional government. What we have been experiencing this last decade is manifest failure to create needed laws and enforce existing laws necessary to protect the economic freedoms that have made us successful and needed to continue that success. What we are now seeing is the destroying of our constitutional government under the guise of correlated lying.
Government spending is now exclusively continuing, not to combat a natural recession, but to accomplish the political goals of leftist ideology that has a long history of economic stagnation and deterioration as its legacy. It seeks power through the perpetration of a big lie and an agenda to destroy first. Its philosophy is to pound us into submission to autocratic control by emphasizing what it portrays as inequities and human frailties of a Christian society. It does this with religious like zealousness and use of lies. It views the Ten Commandments as reflections of societal grievances rather than societal underpinnings.
We are being told that the Constitution guarantees every citizen a right to government guaranteed health care. This is a big lie. There is nothing in the Constitution concerning healthcare. The Constitutional structure of government actually militates against government intrusion into such matters. The lie is actually being used to mask the destruction of the Constitutional structure. This lie is the cornerstone for building a tax structure to impose on all working citizens through government control of healthcare. The corollary lie is that government will tax only the rich. Government had made it clear that it intends to remove tax deductions for charitable contributions. These are supporting healthcare for the uninsured, which is actually being expanded in the U.S. This is another way of adding to the tax burden of all working citizens.
The climate change lie may be one of the largest every perpetrated. It is the support for upcoming Cap and Trade legislation proposals that will place significant economic burden on citizen consumers. Even autocratic governments throughout the world are laughing at us on this one. The have other methods of suppressing their citizens and enriching their schemers without slowing down their economies.
It’s way past time for citizens to unite, put partisan matters aside, put pure politicians out of office, force the major political parties to reform and to introduce candidates who will put citizens first in line to be serviced by government. Strict adherence to constitutional principles must be restored. This must be done now before its destruction is completed.
The unbelievable increase in U.S. debt in a single year is a tremendous millstone around our country’s neck. Autocratic rule is too big a burden for the economic well being of our country. The spending financial policies of government must be jettisoned. Autocrats have corrupted the conceptual value of the work ethic in our society and removed it from the equation that has allowed the U.S. to progress (work, save, invest, progress). They have replaced it with the equation (destroy thrift, suppress freedoms, arbitrate justice, politically control through taxation).
Citizens, this is a cycle that our forefathers interrupted by establishing value to the work ethic (thrift). They called the equation they faced “taxation without representation”. Leftist ideology replaces the rule of law with the rule of power. What do you call the present usurption of power? I call it the reinstallation of suppression. It may be hard to grasp the subtleties of political realities with the sophistication of distractive techniques being employed by today’s Democratic Party, which has been infiltrated by single minded despots. The present Democratic Party has allowed itself to become subservient to leftwing ideology.
Citizens get out from under the political labels and utilize your freedoms to keep us free of imposed ideologies. Despots are on a fast track and the verge of achieving suppression. Do not succumb to the propaganda (lies) you are being subjected to. Seek out representation that supports the ideals of freedom, whether in the Democratic or Republican Party. Vote out of office those who unabashedly lie about openness in office, then shut down our democratic processes and make deals behind closed doors to further an ideologist agenda of power grasping and suppression.
What kinds of deals are being made? Health insurers are being guaranteed the premiums to be forced on young healthy working citizens. Labor unions are being promised deals that will raise costs of products to be passed on to consumers. The cap and traders are being dealt the proceeds of higher energy costs being extorted from citizen users of energy (an additional de facto tax on working citizens). Perhaps a better chacterization of these machinations is the huge inflictive lie of the Democratic Party “Redistribution of Wealth”. What is really happening is redistribution of political power from citizens to the government.
Real wealth is in economic power. I have described how the debt burden of all the spend, spend, spend tactics of government has the consequence of enslaving you in taxation while dolling out future benefits of graft. The U.S. economy is being unbelievably burdened by guaranteed future higher taxes and costs.
The government has told us they intend to discontinue the practice of refinancing maturing Treasury Debt which means the tax burden will be heavy sooner rather than later. This is de facto dollar devaluation. As I have explained in a previous article concerning the printing of dollars, this means money in your hands and coming into your hands will be buying less and less goods and servicers, another hidden tax on the consuming public. It also means we can only expect a continued printing of money spiral and more dollar devaluation. Congress exercises no control over the Federal Reserve Chairman. He can keep interest rates low indefinitely and completely destroy the value of the U.S. dollar.
In the real world for money to circulate, interest must be paid to those supplying funding. Wall St. and government tactics will result in the inevitable burdening of our economy with higher interest rates and higher taxes. In the past, our economy has recovered from downturns only with the aid of lower interest and lower taxes.
Our government has gone so far as to allow dollars to fund growth in foreign economies while burdening our own struggling economy. They have dangled the illusion of an unplanned and non existing “green economy” as the path to economic recovery. Citizens will have their own thriftiness as their only tools for the future.
Government bailouts have forestalled further damages to our financial industry from their reckless interest rate and credit swap bets. What we have been put through could have been averted by the natural cleansing of bankruptcy. Granted, citizens would have felt financial repercussions, but certainly would have been better off than what we are ending up with due to the enormous debt and pending loss of freedoms with currency devastation. It is the fallacious “stimulus” spending that inflicted the real damage to our country and its citizens.
There should be consequences for “taking advantage of a crisis” intention proclaimed by a highly placed official in the Obama administration at the onset of the “stimulus” debacle.
Our economy is being placed in a sputtering mode. Economic wealth is being drained from the U.S. dollar. Those usurping power over the dollar use it as a tool for expanding power of an elite few. If they flood the world with U.S. dollars perhaps the dollar becomes the convenient choice as a medium of exchange to consolidate power. This begs the question, just who is the power behind the Federal Reserve? A minority in both political parties has been trying to pry open the books of the Federal Reserve to shed some light on that question. They need some support.
Independent thinkers are now the majority in Massachusetts. Our two political parties and a biased media are bamboozling citizens. Open your eyes and behold the real fruits of spend, spend, spend policies. Declare your independence. Citizens are victims of, not beneficiaries of, ill advised financial policies.
Friday, February 5, 2010
Wednesday, August 12, 2009
Intolerant Failures of Government and the Free Press
The tremendous American debt is rising exponentially at a rapid pace. There are no effective restraints in existence to deter an apparent head on rush to potential bankruptcy of the U.S. government. Government spendthrift financial policies seem to be bereft of causal connections to our financial and economic problems.
Government and news reporting agencies are doing a poor job of digging deep enough to find and report on real causes for financial uneasiness. Only the more astute Americans with sufficient time to dig out facts are able to discern and understand problems. But a majority do understand that Wall Street shenanigans directly caused our financial problems. Americans are seeing unemployment and experiencing the fear it creates. At the same time, they see national discussion concerning Wall Street’s amazing recovery, debates on meaningless issues and a fixation on celebrity news. There is no focus on causes and keys to economic recovery. Prolific spending and an awareness of the potential ravages of overspending do not inspire confidence. Confidence is needed for long term economic growth.
With Wall Street shenanigans clearly visible as a casual factor, we have seen $23.7 trillion committed to the bailout of Wall Street allegedly to clear a credit clog. In actuality, bailouts have visibly been used to absorb the mortgage and credit default swap derivative losses of Wall Street. Government and the free press have simply stood by and watched the unwinding of tremendous leverage take a heavy toll on private savers who are the backbone of our monetary system. Interest rate bets (pure Las Vegas type gambling) are bailout repositories for huge Wall Street accumulations of bailout money and have created an enormous financial bubble. I use the term bubble in the sense there is nothing of value behind the accumulation.
Innocent savers lost considerable sums in the leveraged unwinding of the two Wall Street demon derivative creations. Now the government and Wall Street tell us we are better off because Wall Street is well again and can hand large amounts of money back and forth on interest rate bets on a world wide intercurrency basis using citizens taxpaying futures as collateral. Taxpayers take the risk and have nothing to gain. Only Wall Street can gain. I reject the Wall Street explanation of trickle down. They want to reinstate bonuses on derivative activity. That trickle down doesn’t wash anymore.
Tremendous amounts of Wall Street money are in play lobbying Congress to (1) acquiesce to the fallacy that we cannot do without their ingenious creations and (2) deflect attention to regulatory arguments only. Where does the Wall Street money come from? Many of us are convinced it has been printed continuously since 1913 and resides in a Corporation created by the Federal Reserve Act and owned by Wall Street. See my previous article entitled “What the Government doesn’t want you to know”. Taxpayers have provided it through U.S. Treasury Debt. We think that laws that unleashed the demon derivatives should be immediately revisited and new safeguard laws be enacted. Congress does not agree. They give Wall Street a pass.
In 2008, in the midst of the bailout fiasco and citizen losses of savings, the Democratic Congress derailed Republican efforts to expand efforts to increase oil drilling activity in their energy independence drive. They pointed out that Wall Street speculators were driving up oil futures prices on the commodities market and even threatened legislation to stop the practice. What they didn’t tell you was that Wall Street was moving their stock market investments out of the way of their demon derivative devastation path into the oil futures market and letting the Ma and Pa savers take the stock markets hits. Instead of passing legislation to stop this egregious Wall Street practice, they used their knowledge for political expediency only. Now the economy still suffers from Wall Streets manipulation of a commodity that drives major market sectors. How’s that for alertness in fact finding and reporting? Political spin is so, so easy. How’s that for giving Wall Street a free pass and ignoring citizens interests? How’s that for inspiring needed confidence?
When concerned Americans ask questions on behalf of citizens or try to express ourselves, we are branded as whiners and right wing extremists by government and most of the free press without being able to express ourselves.
All citizens need to be asking questions and demanding answers.
Government and news reporting agencies are doing a poor job of digging deep enough to find and report on real causes for financial uneasiness. Only the more astute Americans with sufficient time to dig out facts are able to discern and understand problems. But a majority do understand that Wall Street shenanigans directly caused our financial problems. Americans are seeing unemployment and experiencing the fear it creates. At the same time, they see national discussion concerning Wall Street’s amazing recovery, debates on meaningless issues and a fixation on celebrity news. There is no focus on causes and keys to economic recovery. Prolific spending and an awareness of the potential ravages of overspending do not inspire confidence. Confidence is needed for long term economic growth.
With Wall Street shenanigans clearly visible as a casual factor, we have seen $23.7 trillion committed to the bailout of Wall Street allegedly to clear a credit clog. In actuality, bailouts have visibly been used to absorb the mortgage and credit default swap derivative losses of Wall Street. Government and the free press have simply stood by and watched the unwinding of tremendous leverage take a heavy toll on private savers who are the backbone of our monetary system. Interest rate bets (pure Las Vegas type gambling) are bailout repositories for huge Wall Street accumulations of bailout money and have created an enormous financial bubble. I use the term bubble in the sense there is nothing of value behind the accumulation.
Innocent savers lost considerable sums in the leveraged unwinding of the two Wall Street demon derivative creations. Now the government and Wall Street tell us we are better off because Wall Street is well again and can hand large amounts of money back and forth on interest rate bets on a world wide intercurrency basis using citizens taxpaying futures as collateral. Taxpayers take the risk and have nothing to gain. Only Wall Street can gain. I reject the Wall Street explanation of trickle down. They want to reinstate bonuses on derivative activity. That trickle down doesn’t wash anymore.
Tremendous amounts of Wall Street money are in play lobbying Congress to (1) acquiesce to the fallacy that we cannot do without their ingenious creations and (2) deflect attention to regulatory arguments only. Where does the Wall Street money come from? Many of us are convinced it has been printed continuously since 1913 and resides in a Corporation created by the Federal Reserve Act and owned by Wall Street. See my previous article entitled “What the Government doesn’t want you to know”. Taxpayers have provided it through U.S. Treasury Debt. We think that laws that unleashed the demon derivatives should be immediately revisited and new safeguard laws be enacted. Congress does not agree. They give Wall Street a pass.
In 2008, in the midst of the bailout fiasco and citizen losses of savings, the Democratic Congress derailed Republican efforts to expand efforts to increase oil drilling activity in their energy independence drive. They pointed out that Wall Street speculators were driving up oil futures prices on the commodities market and even threatened legislation to stop the practice. What they didn’t tell you was that Wall Street was moving their stock market investments out of the way of their demon derivative devastation path into the oil futures market and letting the Ma and Pa savers take the stock markets hits. Instead of passing legislation to stop this egregious Wall Street practice, they used their knowledge for political expediency only. Now the economy still suffers from Wall Streets manipulation of a commodity that drives major market sectors. How’s that for alertness in fact finding and reporting? Political spin is so, so easy. How’s that for giving Wall Street a free pass and ignoring citizens interests? How’s that for inspiring needed confidence?
When concerned Americans ask questions on behalf of citizens or try to express ourselves, we are branded as whiners and right wing extremists by government and most of the free press without being able to express ourselves.
All citizens need to be asking questions and demanding answers.
Thursday, July 30, 2009
What the Government Doesn't Want You to Know
Kudos to Chuck Katlic for his enlightening letter to the editor of the Weatherford Telegram on July 15, 2009 regarding historic consequences of banks opening their printing presses to print money. We should all take heed to the historic truths he alluded to. Especially, we should take note that he correctly identifies the Federal Reserve as a private bank, not a Federal one.
What is disconcerting to me is a related Ray Perryman article in the July 20, 2009 Weatherford Telegram. He completely ignores the historic facts pointed out by Katlic. He recited selected machinations intended to support his premise that “a strong central bank is essential to weathering storms”. Then he recites, what I would describe as politically correct misstatements concerning actions of the Federal Reserve and the opening of the printing presses, the subject of Mr. Katlic’s letter.
His machinations include: (1) the Federal Government almost bankrupted itself in 1812; (2) Andrew Jackson and other politicians were blindly opposed to centralizing bank power (i.e. no monopolies); (3) an allegation that the impressive American industrial revolution was restrained by the lack of a cohesive centralized monetary policy; (4) excessive lending policies by state chartered banks contributed to speculative bubbles that burst and caused depressions; and (5) intervention of a private citizen, J.P. Morgan, was necessary to prevent a meltdown. All of this is nothing but 2009 political spin put on a 17th century scam first introduced in Europe and inflicted on all of us.
Historic records present data which throws an entirely different perspective on the Federal Reserve. The U.S. Constitution gives Congress the authority to coin money, not print money. Hence, it allowed a gold and silver standard for U.S. dollars. In 1913, Congress passed the Federal Reserve Act and the Federal Income Tax Act. The Federal Reserve Act allows the U.S. Treasury to issue its notes to the Federal Reserve in exchange for printed U.S. dollars. This was a skillful trashing of the gold and silver standard. The Federal Income Tax Act allows the Federal government to tax profits. It does not provide for the taxation of wages and salaries.
In the years leading up to the passage of the Federal Reserve Act, a group of Wall Streeters and wealthy Europeans were slicing up territories and fixing prices to monopolize financial markets in the U.S. In 1910, they held secret meetings in North Carolina with the Republican leader of the U.S. Senate. They drafted the blue prints for creating the “Federal Reserve”. Their idea was to legalize a wealthy monopoly and create a way for the government to tax citizens through the hidden tax of monetary inflation to complement its impending ability to tax profits. J.P. Morgan et al used the power of their wealth to usher and pressure a misunderstood, camouflaged Federal Reserve bill through Congress. Their tactics skillfully included a rush, rush, holiday deadline. The blue print draftees got what they wanted, a legalized corporate cartel cleverly named “The Federal Reserve”. They successfully perpetrated the 17th century scam.
In Europe, the scam was known as the “Central Bank Theory”. In concept, it is simple. The government wants more of your money to expand. It goes to the Central Bank (the Federal Reserve) who prints the wanted money on previously worthless paper and lends it to the U.S. Treasury. When the Treasury uses the money, the value of all dollars is diluted. This means your hard earned dollars are worth less in the market place. In effect, you are levied a tax without your knowing it. The government gets the diluted value of the dollars it received from the Central Bank and you can’t buy as much goods and services with your own dollars. WAKE UP AMERICA! You are effectively paying more taxes because of the printing of the dollars. Are you buying the hogwash that the rich will be the ones paying more taxes for an expanded government?
Katlic was giving you historic facts to mull over. He pointed out the effects and aftermath of hyperinflation resulting from overprinting of money. Perryman is giving you political spin. Contrary to his assertions, bank bailouts were not actually used to create liquidity. Lower interest rates of the Fed actually led to derivative bubbles and discouraged private sector investment. The ones who gained from the bank bailouts were the cartel owners/too large to fail banking behemoths. The rest of us suffered detrimental consequences.
The new cartel got paid interest on the U.S. Treasury bills in exchange for the money it printed (I.e. something for nothing). This is more cost to taxpayers. What’s worse is this initially worthless paper gets deposited in a bank, who, with power authorized by law, can lend it out with an additional nine times more printed paper and charge interest on the loan. This Ponzi scheme continues until loans are paid off. Again banks get something for nothing.
Our government has never told us where all the bank bailout money has gone. In fact, contrary to Perryman’s assertions of providing liquidity, initial feedback indicated the bank bailout money was not used in commercial credit activity. It doesn’t take much awareness to know that bank bailout money was being used to prop up derivative bubble bets. To the extent that any bank bailout money was used to reimburse banks for losses on any of the above described initially worthless paper loans, taxpayers are repaying banks for nothing. Not only have banks been given a license to steal, they are likely being handed additional loot by the Federal government.
How many of us are so dizzy from the spin that we can’t see what’s happening to us? Foreigners are not going to continue buying Treasury 1.1% bonds. The Wall Street manipulators are well on their way to wiping out the middle class. The next stock market drop could be debilitating.
What is disconcerting to me is a related Ray Perryman article in the July 20, 2009 Weatherford Telegram. He completely ignores the historic facts pointed out by Katlic. He recited selected machinations intended to support his premise that “a strong central bank is essential to weathering storms”. Then he recites, what I would describe as politically correct misstatements concerning actions of the Federal Reserve and the opening of the printing presses, the subject of Mr. Katlic’s letter.
His machinations include: (1) the Federal Government almost bankrupted itself in 1812; (2) Andrew Jackson and other politicians were blindly opposed to centralizing bank power (i.e. no monopolies); (3) an allegation that the impressive American industrial revolution was restrained by the lack of a cohesive centralized monetary policy; (4) excessive lending policies by state chartered banks contributed to speculative bubbles that burst and caused depressions; and (5) intervention of a private citizen, J.P. Morgan, was necessary to prevent a meltdown. All of this is nothing but 2009 political spin put on a 17th century scam first introduced in Europe and inflicted on all of us.
Historic records present data which throws an entirely different perspective on the Federal Reserve. The U.S. Constitution gives Congress the authority to coin money, not print money. Hence, it allowed a gold and silver standard for U.S. dollars. In 1913, Congress passed the Federal Reserve Act and the Federal Income Tax Act. The Federal Reserve Act allows the U.S. Treasury to issue its notes to the Federal Reserve in exchange for printed U.S. dollars. This was a skillful trashing of the gold and silver standard. The Federal Income Tax Act allows the Federal government to tax profits. It does not provide for the taxation of wages and salaries.
In the years leading up to the passage of the Federal Reserve Act, a group of Wall Streeters and wealthy Europeans were slicing up territories and fixing prices to monopolize financial markets in the U.S. In 1910, they held secret meetings in North Carolina with the Republican leader of the U.S. Senate. They drafted the blue prints for creating the “Federal Reserve”. Their idea was to legalize a wealthy monopoly and create a way for the government to tax citizens through the hidden tax of monetary inflation to complement its impending ability to tax profits. J.P. Morgan et al used the power of their wealth to usher and pressure a misunderstood, camouflaged Federal Reserve bill through Congress. Their tactics skillfully included a rush, rush, holiday deadline. The blue print draftees got what they wanted, a legalized corporate cartel cleverly named “The Federal Reserve”. They successfully perpetrated the 17th century scam.
In Europe, the scam was known as the “Central Bank Theory”. In concept, it is simple. The government wants more of your money to expand. It goes to the Central Bank (the Federal Reserve) who prints the wanted money on previously worthless paper and lends it to the U.S. Treasury. When the Treasury uses the money, the value of all dollars is diluted. This means your hard earned dollars are worth less in the market place. In effect, you are levied a tax without your knowing it. The government gets the diluted value of the dollars it received from the Central Bank and you can’t buy as much goods and services with your own dollars. WAKE UP AMERICA! You are effectively paying more taxes because of the printing of the dollars. Are you buying the hogwash that the rich will be the ones paying more taxes for an expanded government?
Katlic was giving you historic facts to mull over. He pointed out the effects and aftermath of hyperinflation resulting from overprinting of money. Perryman is giving you political spin. Contrary to his assertions, bank bailouts were not actually used to create liquidity. Lower interest rates of the Fed actually led to derivative bubbles and discouraged private sector investment. The ones who gained from the bank bailouts were the cartel owners/too large to fail banking behemoths. The rest of us suffered detrimental consequences.
The new cartel got paid interest on the U.S. Treasury bills in exchange for the money it printed (I.e. something for nothing). This is more cost to taxpayers. What’s worse is this initially worthless paper gets deposited in a bank, who, with power authorized by law, can lend it out with an additional nine times more printed paper and charge interest on the loan. This Ponzi scheme continues until loans are paid off. Again banks get something for nothing.
Our government has never told us where all the bank bailout money has gone. In fact, contrary to Perryman’s assertions of providing liquidity, initial feedback indicated the bank bailout money was not used in commercial credit activity. It doesn’t take much awareness to know that bank bailout money was being used to prop up derivative bubble bets. To the extent that any bank bailout money was used to reimburse banks for losses on any of the above described initially worthless paper loans, taxpayers are repaying banks for nothing. Not only have banks been given a license to steal, they are likely being handed additional loot by the Federal government.
How many of us are so dizzy from the spin that we can’t see what’s happening to us? Foreigners are not going to continue buying Treasury 1.1% bonds. The Wall Street manipulators are well on their way to wiping out the middle class. The next stock market drop could be debilitating.
Tuesday, June 30, 2009
Government Squandering Versus Citizen Priorities
The unveiling of the Obama financial regulatory plan is the next big diversion to facilitate continuation of the government spend, spend, spend binge. It will divert American’s attention from the real tasks at hand, the complete overhaul of Wall Street and the rescue of our monetary system.
Eighty percent (80%) of the credit derivative industry is comprised of bets where the betters do not need to own an underlying security that is involved in the bet. See my previous article “Fat Cats Stacking the Deck”. These bets are akin to those in Las Vegas, where chits are exchanged for money to play games. Nothing of value is involved in the exchange of the chits by gamblers. Twenty percent (20%) of the industry is comprised of insurance that has not undergone underwriting prerequisites of insurance laws. The startling simple diagnostic cure to the demon derivative dilemma is stop the Las Vegas like credit gambling on Wall Street and regulate the insurance like derivatives under the insurance laws.
Handing money intended for use in a free market monetary system to chip holders to maintain their bets is complete insanity. That is exactly what the government financial and insurance institution bailout entails. Fat cats on one side of these bets get their chips from leverage (borrowing of script indirectly provided by taxpayers). See my previous article “Government Needs a 180 Degree Turn”, fourth paragraph. Now taxpayers are also providing the bailout backup script for chips in the hands of institutions on the other side of the Las Vegas type bets. If Congress were doing their constitutionally required job to protect the people in the first place, there would already be clearly explicit laws preventing Las Vegas type gambling with the people’s money. Las Vegas betters provide their own chips. Why should the American taxpayers provide financial institutions and fat cats their demon derivative bet chips?
Without laws designed to protect our monetary system, financial oversight by government cannot be effective. Inability to quantify leveraging in demon derivative contracts makes protective oversight ineffective. See an explanation of such leveraging in my previous article, “Government Needs a 180 Degree Turn”. Inability to unravel the demon derivative bundling of Wall Street as alluded to in my previous article, “It’s Time to Let American Know What’s Really Going On” also makes oversight ineffective. Don’t be misled. Outlawing the debilitating use of leverage and the obstructive bundling is prerequisite. The outlawing of the Las Vegas type betting on Wall Street is obviously a huge priority.
Laws are absolutely necessary to mitigate against situations alluded to above. We are on the path to destroying our form of government (the highest achieving one in the history of mankind). Why? Because of the complete incompetence of our Congressional electees to fulfill their governmental roles. We citizens must besiege Congress with demands that term limits be placed on Congress. This is the best hope clear thinking Americans have to cope with our dilemma. The obstructionalists must be removed so that civilization can advance.
To rescue our financial system, we must give priority to retrieving bailout script setting in the behemoth institutions as back up support for the Las Vegas type bets. This is the exact opposite of the policy now being followed by the government.
Citizens must voice their opposition to the thrust of the Executive Branch of government to continue the spend, spend policy which is destroying our form of government. We must discuss this with each other. We must work to advance our knowledge and insight to what is happening in America. We must demand better analysis of facts from all media through letters, boycotts and enlightened use of a free computer internet.
Above all, we must foster a groundswell of opposition to spend, spend, spend. The stakes have been raised far beyond social arguments. The survival of the United States as a leader of the civilized world is in great doubt. Even the Socialist governments of Europe meeting in Brussels drafted a statement on June 19, 2009 announcing they were working on an exit strategy for unwinding previously implemented fiscal stimulus. The world has been telling us to outlaw Wall Street abuses. It’s time we the people insist upon it by protesting in the streets, if necessary. The time to stand up and fight for our economic freedoms in now.
We are not far removed from a potential attempt to devalue the U.S. dollar. For what? To destroy our monetary system and complete the usurping of power by the Executive branch of government. We have moved past possibility toward probability. Citizens must resond.
Eighty percent (80%) of the credit derivative industry is comprised of bets where the betters do not need to own an underlying security that is involved in the bet. See my previous article “Fat Cats Stacking the Deck”. These bets are akin to those in Las Vegas, where chits are exchanged for money to play games. Nothing of value is involved in the exchange of the chits by gamblers. Twenty percent (20%) of the industry is comprised of insurance that has not undergone underwriting prerequisites of insurance laws. The startling simple diagnostic cure to the demon derivative dilemma is stop the Las Vegas like credit gambling on Wall Street and regulate the insurance like derivatives under the insurance laws.
Handing money intended for use in a free market monetary system to chip holders to maintain their bets is complete insanity. That is exactly what the government financial and insurance institution bailout entails. Fat cats on one side of these bets get their chips from leverage (borrowing of script indirectly provided by taxpayers). See my previous article “Government Needs a 180 Degree Turn”, fourth paragraph. Now taxpayers are also providing the bailout backup script for chips in the hands of institutions on the other side of the Las Vegas type bets. If Congress were doing their constitutionally required job to protect the people in the first place, there would already be clearly explicit laws preventing Las Vegas type gambling with the people’s money. Las Vegas betters provide their own chips. Why should the American taxpayers provide financial institutions and fat cats their demon derivative bet chips?
Without laws designed to protect our monetary system, financial oversight by government cannot be effective. Inability to quantify leveraging in demon derivative contracts makes protective oversight ineffective. See an explanation of such leveraging in my previous article, “Government Needs a 180 Degree Turn”. Inability to unravel the demon derivative bundling of Wall Street as alluded to in my previous article, “It’s Time to Let American Know What’s Really Going On” also makes oversight ineffective. Don’t be misled. Outlawing the debilitating use of leverage and the obstructive bundling is prerequisite. The outlawing of the Las Vegas type betting on Wall Street is obviously a huge priority.
Laws are absolutely necessary to mitigate against situations alluded to above. We are on the path to destroying our form of government (the highest achieving one in the history of mankind). Why? Because of the complete incompetence of our Congressional electees to fulfill their governmental roles. We citizens must besiege Congress with demands that term limits be placed on Congress. This is the best hope clear thinking Americans have to cope with our dilemma. The obstructionalists must be removed so that civilization can advance.
To rescue our financial system, we must give priority to retrieving bailout script setting in the behemoth institutions as back up support for the Las Vegas type bets. This is the exact opposite of the policy now being followed by the government.
Citizens must voice their opposition to the thrust of the Executive Branch of government to continue the spend, spend policy which is destroying our form of government. We must discuss this with each other. We must work to advance our knowledge and insight to what is happening in America. We must demand better analysis of facts from all media through letters, boycotts and enlightened use of a free computer internet.
Above all, we must foster a groundswell of opposition to spend, spend, spend. The stakes have been raised far beyond social arguments. The survival of the United States as a leader of the civilized world is in great doubt. Even the Socialist governments of Europe meeting in Brussels drafted a statement on June 19, 2009 announcing they were working on an exit strategy for unwinding previously implemented fiscal stimulus. The world has been telling us to outlaw Wall Street abuses. It’s time we the people insist upon it by protesting in the streets, if necessary. The time to stand up and fight for our economic freedoms in now.
We are not far removed from a potential attempt to devalue the U.S. dollar. For what? To destroy our monetary system and complete the usurping of power by the Executive branch of government. We have moved past possibility toward probability. Citizens must resond.
Monday, June 15, 2009
Where is Our Government Leading Us?
Foreigners holding rights to U.S. dollars (U.S. Treasury bonds) no longer believe that investing in the U.S. monetary system has future prospects. They have recently taken losses by selling long term U.S. Treasury bonds. Why losses? Because no one wanted the bonds except the U.S. Treasury, who was forced to prevent a free fall in value, in order to continue what increasingly appears to be a complete bailout and stimulus fraud. The U.S. spending policy has transparent revealings to everyone but the sleeping or brain washed American electorate. We continue to plunge headlong toward full blown uncontrollable bankruptcy of our entire country.
European governments had been urging Obama to clean up our Wall Street mess, as their economies have been hit hard by the economic slowdown that everyone knows was caused by the demon derivatives. Now the European governments have no choice but to prop up their own monetary systems by retrieving their investment in long term U.S. Treasuries. British politicians are feeling the heat from their own constituencies, who are knowingly fed up with government gullibility in not dealing realistically with their situation.
The U.S. has had a reprieve of sorts, by the fact that the Chinese government has a vested interest in the U.S. monetary system. It is the U.S. consumer who provides the majority of the growth funding for the Chinese economy, by consuming a large portion of Chinese goods. The Chinese reinvested some of the proceeds of their long term U.S. Treasury bond sales, but only after the U.S. Treasury offered short term bonds for interest rates it was forced to pay.
This was a response to the Treasury Secretary Geither’s visit to China, where a usually polite Peking University audience snickered at his assertions that the U.S. government was taking necessary measures to protect the U.S. dollar. The Chinese know all about how to keep the power of money out of the hands of its people. It’s not hard to objectively perceive the Treasury tactic I have pointed out to you in a previous article of mine, The Destroying of the Dream on May 27, 2009. The government is poised to bankrupt the U.S. monetary system at will. Complete monetary power does not need a free market monetary system. It just needs taxation power.
Any currency the Chinese government can control in China will serve their purpose. The Chinese are now flexibly poised for the future. The U.S. market is not the only large market in the world. India is enjoying robust growth. It is a beneficiary of employment cutbacks in Europe and America. Improving computer technology is facilitating the transfer of jobs to India.
Not only is the U.S. government trashing our free market monetary system, it is destroying the economic psyche of American savers who are trying to live the American dream. Consider that, utilizing taxpayer money to control General Motors, the government used controlling corporate power to ban “Mom and Pop” bondholders from reorganizational planning meetings. Disregarding “Mom and Pop” bondholders preferences under bankruptcy laws, the government gave legally inferior contractual debtors (labor unions) the more advantageous position in reorganization. This blatant political payback to a controlled voting block, ignored the systemic structure of society that recognizes the rights of a worker to the fruits of his invested savings. Thwarting a basic natural law of civility with political corruption is insanity. It is interesting to note that the “fat cat” bondholders were not given the same shoddy treatment.
Individual investors throughout the Unites States are not going to be indifferent to such an outrage. Are you going to invest your earnings in corporate bonds with government running amuck in our American society? Is such an outrage just another government tactic to insure that everyone follows their lead to spend, spend, spend? What could be more damaging to the operation of a free market? But remember, anarchy doesn’t need a free market, only monetary power.
If the American public were paying attention they would be witnessing the dismantling of a free market monetary system (impending systemic bankruptcy), the destroying of the dominant world free market economy and the creation of a run of the mill anarchy, dictating the use of the U.S. dollar.
Can you believe that’s what the majority of Americans want? It’s not what I want for my grandchildren. There is much to clear up in Wall Street, but we need to reign in the government now. The spend, spend, spend policy must be stopped in its tracks. It will destroy the American economic system and remove the underpinnings for the achievement of economic growth and justice for all citizens.
Wednesday, June 3, 2009
Defiance of the Laws of Nature, Human and Economic
Humans originally led a nomadic life as hunters and gatherers. Civilized growth flourished when reasoning minds realized that accumulations of fruitful work could be shared if workers could be assured of receiving benefits for their labor. This assurance became the cornerstone for an advancing civilization. Our constitution is based on this same premise and provided a unique opportunity for sustaining economic growth.
The work incentive in our free society emanates from what I have described as the America dream and, most importantly, from an innate natural human quality for self preservation that achieves extraordinarily in an atmosphere of human freedom. Consider that savings can only result from work. Without savings being injected into an economy, the economy cannot grow. Without growth there can only be economic contraction through consumption. It’s what people want and need to sustain life (i.e. life essentials) that determines where savings are directed in a free market economy. A disciplined monetary system where money values are determined in an exchange environment dependent upon productivity (work values) is prerequisite for keeping the economic focus on essentials of life.
Our American monetary and economic systems are uniquely designed to accommodate the advance of human civilization. Our government and the fat cats in our society are on the path to control of the money supply which will result in destruction of the system that is facilitating the advancement of civilization itself. A reading of my article “Destroying of the Dream” is informative in this regard.
Fat cats and our government itself are on course to degrading our standard of life, the highest ever achieved. Take away the American dream and the survival incentive of the human spirit and you are succumbing to autocratic control of the many (people) by the few (politicians or fat cats). Politicians and fat cats are adept at hiding truths and vying for monetary power control. Civilization (people) is the huge loser.
Societal structure will regress 233 years if civilization acquiesces to the dismantling of the American dream and stripped of the hope of the hunters and gatherers. Can you envision how the Pharaohs convinced the people to direct their work to the building of pyramids (the desires of the few) instead of sustenance of life necessities (the needs of the many)? Humans have been subjected to autocrats throughout history. When will we learn that life is not sustained by impressive infrastructure, but by natures provisions? Big show and empty promises will eventually prove fatal as they have throughout human history.
When you are lulled to sleep by expectations that someone will give you something for nothing, you have contracted a fatal disease. The best you should strive for in the real world is that you can work for the advancement of civilization while providing for your own welfare. That opportunity is uniquely provided in the United States. However, it is being subjected to rapid elimination in today’s America. The snake oil salesmen are blinding Americans with baseless illusions.
Autocratic control is control over life and death itself. The autocrats control who lives or dies. Confiscation and population control are tools in their hands. They are ultimate destroyers of civilization. Their fruits for mankind are a return to hunting and gathering by the surviving few.
Autocrats have failed miserably at every turn in the history of mankind. Our government is regressing rapidly to autocratic power.
My comments are not predicative of what is about to happen. But I am frightened that without an American reawakening, they are the logical course. Our government must stop its spend, spend, spend and bailout policies without delay.
The work incentive in our free society emanates from what I have described as the America dream and, most importantly, from an innate natural human quality for self preservation that achieves extraordinarily in an atmosphere of human freedom. Consider that savings can only result from work. Without savings being injected into an economy, the economy cannot grow. Without growth there can only be economic contraction through consumption. It’s what people want and need to sustain life (i.e. life essentials) that determines where savings are directed in a free market economy. A disciplined monetary system where money values are determined in an exchange environment dependent upon productivity (work values) is prerequisite for keeping the economic focus on essentials of life.
Our American monetary and economic systems are uniquely designed to accommodate the advance of human civilization. Our government and the fat cats in our society are on the path to control of the money supply which will result in destruction of the system that is facilitating the advancement of civilization itself. A reading of my article “Destroying of the Dream” is informative in this regard.
Fat cats and our government itself are on course to degrading our standard of life, the highest ever achieved. Take away the American dream and the survival incentive of the human spirit and you are succumbing to autocratic control of the many (people) by the few (politicians or fat cats). Politicians and fat cats are adept at hiding truths and vying for monetary power control. Civilization (people) is the huge loser.
Societal structure will regress 233 years if civilization acquiesces to the dismantling of the American dream and stripped of the hope of the hunters and gatherers. Can you envision how the Pharaohs convinced the people to direct their work to the building of pyramids (the desires of the few) instead of sustenance of life necessities (the needs of the many)? Humans have been subjected to autocrats throughout history. When will we learn that life is not sustained by impressive infrastructure, but by natures provisions? Big show and empty promises will eventually prove fatal as they have throughout human history.
When you are lulled to sleep by expectations that someone will give you something for nothing, you have contracted a fatal disease. The best you should strive for in the real world is that you can work for the advancement of civilization while providing for your own welfare. That opportunity is uniquely provided in the United States. However, it is being subjected to rapid elimination in today’s America. The snake oil salesmen are blinding Americans with baseless illusions.
Autocratic control is control over life and death itself. The autocrats control who lives or dies. Confiscation and population control are tools in their hands. They are ultimate destroyers of civilization. Their fruits for mankind are a return to hunting and gathering by the surviving few.
Autocrats have failed miserably at every turn in the history of mankind. Our government is regressing rapidly to autocratic power.
My comments are not predicative of what is about to happen. But I am frightened that without an American reawakening, they are the logical course. Our government must stop its spend, spend, spend and bailout policies without delay.
Wednesday, May 27, 2009
The Destroying of the Dream
The fathers of our country not only created and structured a government for its new citizens, but they nestled it in the rudiments of time developed arts and sciences of existing civilization. The envisioned theme of its future was growth through individual freedoms. Its value system placed a premium on hard work.
The U.S. dollar was adopted as the medium of exchange for the functioning of commerce and the centerpiece of a monetary system that would allow a functioning economy that would facilitate a reality that was the American Dream.
The essentials of the prescribed monetary system were the same as those of the dream; savings, application of savings to economic replenishment and wise consumption. See paragraph 2 of the first tomk article entitled “It‘s Time to Let America Know What’s Really Going On“. The functioning economy was intended as an inexorable part of the dream.
The role of government was to increase the supply of money when business and consumer demand coupled with banks desire to make loans for a profit created the need for more script. The economy could then grow and the dream would grow with it.
The dream was and is attainable. It is not hard to observe that one can (1) work hard in early life and prosper from the energy of youth; (2) prepare for declining years by deferring certain consumptions to allow savings to be invested in an economy that rewarded savings and facilitated helping oneself in times of increasing and diversifying needs and; (3) live later years in relative tranquility without despair.
Far out stepping the bounds established by the Constitution and with disdain for the accumulations of knowledge gained through observation of economic realities, politicians have constantly sought an economic panacea through the manipulation of money. They have tried spending to end poverty, tax incentives, massive infrastructure spending, fine tuning the business cycle through interest rate tinkering, bailout scheming and completely controlling the money supply. Politicians arrogantly think they can control the economy.
Our economy and the monetary system have been reeling from the inflictions of (1) unrestrained uneconomical leveraging and derivative gimmickry of Wall St. and (2) the political hubris alluded to above. Both Wall St. and the government view money as primarily a power tool and not an exchange medium. Politicians have tried to use money to purvey their ideas of social justice. The Wall St. credo seems to be manipulate the use of other peoples money. Wall St. and the government have suppressed and rejected technical advances in accounting and law that would curtail their reaching for more control of money.
The belief that Congress poses the major threat to our liberty and well being is why the Framers gave it limited enumerative powers. To our detriment today’s Americans have given it unlimited powers.
In addition, the government covertly usurps power. It has not revealed that a real intent of providing bailout money to behemoth banks is to establish the potential to gain control over banks lending policies. This allows the government to dominate all three factors that determine the money supply (the quantity of money, the level of interest rates and the amount of lending provided by the banks). The power grab to control bank lending can lead to an abrogation of the system of checks and balances that control our money supply. Government could then force feed more borrowing when market forces have determined not to increase the amount of debt regardless of availability or rate.
The founding fathers understood that the cornerstone for a successful economy was stability of our nation’s currency. Now political hubris and government neglect that created a depression is ensuring that it is accompanied by intractable inflation.
Our government is doing a good job of shattering not only our free market monetary system, but also the underpinnings of the Constitution. By the way, they are stealing your savings and your freedoms, while destroying the American Dream. Why? To seize complete dictatorial power over you to enable the few to control the many.
Without a definitive plan, the government says it will take a decade or more to restore our economy. Real representatives of the people could reform Wall St., repair the shattered monetary system and have the free market economy working in short order. Just get the politicians whose minds are locked in the steel trap of reelection obsession out of the way.
The U.S. dollar was adopted as the medium of exchange for the functioning of commerce and the centerpiece of a monetary system that would allow a functioning economy that would facilitate a reality that was the American Dream.
The essentials of the prescribed monetary system were the same as those of the dream; savings, application of savings to economic replenishment and wise consumption. See paragraph 2 of the first tomk article entitled “It‘s Time to Let America Know What’s Really Going On“. The functioning economy was intended as an inexorable part of the dream.
The role of government was to increase the supply of money when business and consumer demand coupled with banks desire to make loans for a profit created the need for more script. The economy could then grow and the dream would grow with it.
The dream was and is attainable. It is not hard to observe that one can (1) work hard in early life and prosper from the energy of youth; (2) prepare for declining years by deferring certain consumptions to allow savings to be invested in an economy that rewarded savings and facilitated helping oneself in times of increasing and diversifying needs and; (3) live later years in relative tranquility without despair.
Far out stepping the bounds established by the Constitution and with disdain for the accumulations of knowledge gained through observation of economic realities, politicians have constantly sought an economic panacea through the manipulation of money. They have tried spending to end poverty, tax incentives, massive infrastructure spending, fine tuning the business cycle through interest rate tinkering, bailout scheming and completely controlling the money supply. Politicians arrogantly think they can control the economy.
Our economy and the monetary system have been reeling from the inflictions of (1) unrestrained uneconomical leveraging and derivative gimmickry of Wall St. and (2) the political hubris alluded to above. Both Wall St. and the government view money as primarily a power tool and not an exchange medium. Politicians have tried to use money to purvey their ideas of social justice. The Wall St. credo seems to be manipulate the use of other peoples money. Wall St. and the government have suppressed and rejected technical advances in accounting and law that would curtail their reaching for more control of money.
The belief that Congress poses the major threat to our liberty and well being is why the Framers gave it limited enumerative powers. To our detriment today’s Americans have given it unlimited powers.
In addition, the government covertly usurps power. It has not revealed that a real intent of providing bailout money to behemoth banks is to establish the potential to gain control over banks lending policies. This allows the government to dominate all three factors that determine the money supply (the quantity of money, the level of interest rates and the amount of lending provided by the banks). The power grab to control bank lending can lead to an abrogation of the system of checks and balances that control our money supply. Government could then force feed more borrowing when market forces have determined not to increase the amount of debt regardless of availability or rate.
The founding fathers understood that the cornerstone for a successful economy was stability of our nation’s currency. Now political hubris and government neglect that created a depression is ensuring that it is accompanied by intractable inflation.
Our government is doing a good job of shattering not only our free market monetary system, but also the underpinnings of the Constitution. By the way, they are stealing your savings and your freedoms, while destroying the American Dream. Why? To seize complete dictatorial power over you to enable the few to control the many.
Without a definitive plan, the government says it will take a decade or more to restore our economy. Real representatives of the people could reform Wall St., repair the shattered monetary system and have the free market economy working in short order. Just get the politicians whose minds are locked in the steel trap of reelection obsession out of the way.
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