GOVERNMENT FOLLOWING ILL ADVISED FINANCIAL POLICIES

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.