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.
Wednesday, May 27, 2009
Wednesday, May 20, 2009
Poof Goes the Dream
The beginning of the end of the American Dream of our forefathers has reached its climax. It was set into motion by government relaxation of monetary and regulatory control. It was instigated by a Wall Street power play and facilitated by government policy that resulted in a magnetic upward seizure of monetary control.
America’s oldest generations have been stripped of their freedom and ability to provide for their own welfare. Their savings have been wiped out by government policy to decrease interest rates that forced them into the chasm with Wall Street’s derivative bets. They were devoured as the derivative bets destroyed their investment underpinnings. These facts have been known to knowledgeable observers and widely understood. Senior citizens have paid a heavy price, but lack a political voice and the stamina to fight back.
Unborn children are now causalities. The government is enslaving them with debt under the smoke screen of financial bailouts of institutions too big to fail. This is occurring after all the feedback clearly reports that all financial bailouts have failed. You are supposed to believe that clueless politicians will handle everything. Unborn children can’t cry out against the bailout folly.
Circumstances are zeroing in on the average citizen as being the next big casualty of the enemy within. Pension funds have already been hit hard as a direct result of fat cat deleveraging of toxic mortgages. Now the mega banks have released bogus first quarter reports with inflated values of bad derivative assets, inadequate loss reserves and bogus profits from marking down their own debt. The government says mega banks need more capital. The taxpayer is being set up again.
It doesn’t make any sense for taxpayers to mortgage their future to provide capital to pay off fat cats for behemoths foolish derivative bets. The cure for such bets is abolishment and outlawing. It is time for the “too big to fail” to do just that. It’s time to stop the dismantling of the American Dream.
The dream can be essentially dismantled by destroying the value of the U.S. dollar. This is well underway. We must force the government to stop lying to us and, most importantly, to stop its spend, spend, spend policies. With the economy shaking out nonproductive jobs, we need productive savings to rescue the monetary system. What we don’t need is the printing of more money by the government. Printing devalues our currency and robs us of our ability to replenish the monetary system with real value in the hands of the people.
This continued unfettered so called bailout spending has but one ending, the devaluation of the U.S. dollar. What this means to you is that your hard work is valueless. You are witnessing the American dream being torn asunder with disregard for the safeguards of the constitution and the oaths of political office.
The government heaped additional debt on taxpayers to save jobs at General Motors and Chrysler and they are now in defacto bankruptcy where they needed to be in the first place. Taxpayers gained nothing. Bailouts are pure and simply stealing from taxpayers to absorb the deleveraging of the fat cats.
The real perpetrators of our economic dilemma have made still another bet with their derivatives. They have bet that the majority of Americans are so blinded by ideology, partisanship and distractions that their freedoms can be stolen due to divisiveness, inattentiveness and manipulation.
America’s oldest generations have been stripped of their freedom and ability to provide for their own welfare. Their savings have been wiped out by government policy to decrease interest rates that forced them into the chasm with Wall Street’s derivative bets. They were devoured as the derivative bets destroyed their investment underpinnings. These facts have been known to knowledgeable observers and widely understood. Senior citizens have paid a heavy price, but lack a political voice and the stamina to fight back.
Unborn children are now causalities. The government is enslaving them with debt under the smoke screen of financial bailouts of institutions too big to fail. This is occurring after all the feedback clearly reports that all financial bailouts have failed. You are supposed to believe that clueless politicians will handle everything. Unborn children can’t cry out against the bailout folly.
Circumstances are zeroing in on the average citizen as being the next big casualty of the enemy within. Pension funds have already been hit hard as a direct result of fat cat deleveraging of toxic mortgages. Now the mega banks have released bogus first quarter reports with inflated values of bad derivative assets, inadequate loss reserves and bogus profits from marking down their own debt. The government says mega banks need more capital. The taxpayer is being set up again.
It doesn’t make any sense for taxpayers to mortgage their future to provide capital to pay off fat cats for behemoths foolish derivative bets. The cure for such bets is abolishment and outlawing. It is time for the “too big to fail” to do just that. It’s time to stop the dismantling of the American Dream.
The dream can be essentially dismantled by destroying the value of the U.S. dollar. This is well underway. We must force the government to stop lying to us and, most importantly, to stop its spend, spend, spend policies. With the economy shaking out nonproductive jobs, we need productive savings to rescue the monetary system. What we don’t need is the printing of more money by the government. Printing devalues our currency and robs us of our ability to replenish the monetary system with real value in the hands of the people.
This continued unfettered so called bailout spending has but one ending, the devaluation of the U.S. dollar. What this means to you is that your hard work is valueless. You are witnessing the American dream being torn asunder with disregard for the safeguards of the constitution and the oaths of political office.
The government heaped additional debt on taxpayers to save jobs at General Motors and Chrysler and they are now in defacto bankruptcy where they needed to be in the first place. Taxpayers gained nothing. Bailouts are pure and simply stealing from taxpayers to absorb the deleveraging of the fat cats.
The real perpetrators of our economic dilemma have made still another bet with their derivatives. They have bet that the majority of Americans are so blinded by ideology, partisanship and distractions that their freedoms can be stolen due to divisiveness, inattentiveness and manipulation.
Monday, May 4, 2009
Considering Underlying Facts and Revelency of Needed Action
Since the government began bailouts of financial institutions, I have decried that practice and castigated unproductive leveraging of corrupted financial documents that have been widely identified and acknowledged as being direct contributing causes of the credit crisis that led to current economic problems. I have summarized the situation in the first three written articles.
Without doubt, the present Democratic administrations continuation of the previous administrations fallacious financial and economic policies are sustaining systemic intolerable situations that need to be purged and are destroying those who are the embodiment of the American economic dream upon which our country was built.
We have not yet suffered the currency inflation to come from the third demon derivative, interest rate bets that will be unleashed by the investment and commercial banking behemoths. We must reject the political brainwashing that says these behemoths are too big to fail. We must purge the interest rate derivatives and let the behemoths fail.
With the Federal policy continuing to be spend, spend, spend, and maintain low interest rates to allegedly reverse an economic decline, the real effect is the destroying of private capital as the economic engine of the capitalistic system. Interest rates must rise to rescue the U.S. dollar for the U.S. people.
Small investors who have saved for retirement and pension plans established to provide retirement security have been severely impaired by the demon derivatives and uneconomic leveraging I have alluded to. Contrary to the politically promoted illusion that government will shift tax loads to the rich and redistribute wealth, what is happening is wealth is being stripped from those who have labored for the American dream and shifted it to the fat cats. Private capital is being handed to the fat cats to invest in tactical maneuvering in the global economy using the same tactics that have devastated middle class Americans. The intent is to benefit the fat cats, not the American taxpayer.
That power shift is being enabled at the expense of American youth, who are being saddled with the debt buildup which is funneling bet payoff money through financial institutions to the fat cats, who hold the winning hands in the gambling bets that are enabling this destroying of the American system of economic ownership by citizens.
The coup de gras on this fiasco is that our financial institutions have bet heavily that interest rates will not rise in the future. With the Feds poised to bail out the banks, the American taxpayer is caught in a catch 22 situation. Bail out the banks or face economic collapse. Bail out completes the power shift from the people to the fat cats. It also means we acquiesce our freedom and the democratic power of people to the government. Don’t you believe the catch 22 situations. The solution is to unwind the bets that have been made to put the American taxpayer into this supposedly untenable situation. The American taxpayer must revolt to stop the continuation of bailouts of banks and insurance companies. Time is not an ally of the American people.
The political ploy is to keep the American giant asleep. Wait and give Obama a chance! Wait for what? He is not addressing the problem.
Meanwhile the balance sheet of the United States Government has deteriorated to look like that of a troubled financial institution. The government is not acting to save our way of life. It’s now squarely up to the taxpayers themselves.
Without doubt, the present Democratic administrations continuation of the previous administrations fallacious financial and economic policies are sustaining systemic intolerable situations that need to be purged and are destroying those who are the embodiment of the American economic dream upon which our country was built.
We have not yet suffered the currency inflation to come from the third demon derivative, interest rate bets that will be unleashed by the investment and commercial banking behemoths. We must reject the political brainwashing that says these behemoths are too big to fail. We must purge the interest rate derivatives and let the behemoths fail.
With the Federal policy continuing to be spend, spend, spend, and maintain low interest rates to allegedly reverse an economic decline, the real effect is the destroying of private capital as the economic engine of the capitalistic system. Interest rates must rise to rescue the U.S. dollar for the U.S. people.
Small investors who have saved for retirement and pension plans established to provide retirement security have been severely impaired by the demon derivatives and uneconomic leveraging I have alluded to. Contrary to the politically promoted illusion that government will shift tax loads to the rich and redistribute wealth, what is happening is wealth is being stripped from those who have labored for the American dream and shifted it to the fat cats. Private capital is being handed to the fat cats to invest in tactical maneuvering in the global economy using the same tactics that have devastated middle class Americans. The intent is to benefit the fat cats, not the American taxpayer.
That power shift is being enabled at the expense of American youth, who are being saddled with the debt buildup which is funneling bet payoff money through financial institutions to the fat cats, who hold the winning hands in the gambling bets that are enabling this destroying of the American system of economic ownership by citizens.
The coup de gras on this fiasco is that our financial institutions have bet heavily that interest rates will not rise in the future. With the Feds poised to bail out the banks, the American taxpayer is caught in a catch 22 situation. Bail out the banks or face economic collapse. Bail out completes the power shift from the people to the fat cats. It also means we acquiesce our freedom and the democratic power of people to the government. Don’t you believe the catch 22 situations. The solution is to unwind the bets that have been made to put the American taxpayer into this supposedly untenable situation. The American taxpayer must revolt to stop the continuation of bailouts of banks and insurance companies. Time is not an ally of the American people.
The political ploy is to keep the American giant asleep. Wait and give Obama a chance! Wait for what? He is not addressing the problem.
Meanwhile the balance sheet of the United States Government has deteriorated to look like that of a troubled financial institution. The government is not acting to save our way of life. It’s now squarely up to the taxpayers themselves.
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