Government by Ponzi
The U.S. budget deficit for 2009 is $1,400,000,000,000. That’s not the budget, that’s the DEFICIT! $1.4 Trillion is $12,600 per family. The interest on this borrowing will cost another $2.8 Trillion over the life of a 30-year T-Bill. This year’s deficit alone will cost our kids and us $37,800; more than the average family earned in 2009. The 2010 deficit is going to be even bigger.
Is this nuts or what? Almost all the deficit spending went to military adventures and government employees. A tiny fraction was put into infrastructure capital, the remainder wasted, gone forever. Jesus.
Speaking of Jesus, we should follow his example and kick over the moneychanger’s table. Our moneychanger is the Federal Reserve; that privately owned franchise to legalize usury. Why are we paying interest on our own money! It’s unconstitutional of course but the constitution is whatever the judge says it is even when it says exactly the opposite! Judges, like the politicians who appoint them, watch the election returns. These elections are brought to us courtesy of the Republican and Democratic National Committees who dictate the candidates we’re allowed to choose between. This is no democracy. It’s a Ponzi scheme.
Yeah, but what can one person do about it? Well, you can vote for me. If elected I will establish (by executive order) a state bank to make 2% interest loans to develop and expand Oregon infrastructure projects and fund new sustainable manufactures. I will also (by executive order) ban political contributions (bribes) to office seekers and office holders. What can one person do?
Quite a bit actually, like this man: “The refusal of King George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators was probably the prime cause of the revolution.” Benjamin Franklin
Or this man: “I believe that banking institutions are more dangerous than standing armies…if the American people ever allow private banks to control the currency…the banks and corporations that grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered.” Thomas Jefferson
Uh oh, we have both a private bank and a huge standing army.
Viva la revolución!
Loading ...
I am concerned by the question you ask, why we are being charged interest on our own money. I agree with many of your sentiments, but the interest rate you refer to is a policy lever that provides for direct control of inflation and is a necessity for creating any semblance of economic security in the nation as a whole. I fail to understand how “kicking over the money table” at the Federal Reserve would improve matters by returning us to a system where there is little or no control over inflation. That didn’t work out so well before.
Please respond as to how and why you think we would be better off without the FED because I do not think that your position will make sense to Oregon Voters.
That’s the story we hear from bankers and economists but it makes no sense. Inflation is simply the difference in how much a country paid itself and how much it actually produced. New credit (money) put into capital creates new wealth – the money gets backed up by real assets. Credit directed into expense items/services does not get backed up so is inflationary. Currency traders audit economies to see how much new money was coined and how much of it went to capital, how much to expenses. They only count the capital built so adjust the exchange accordingly. Interest just makes everything cost more.
Love to see a real balance sheet audit after this bond sales transaction happens but we never will see it. Or it will be a bunch of bull — just like the artificially low unemployment numbers or CPI that dis-includes energy or food… Just more spin for the mindless masses, more frustration for the people in the know, and more money for the few manipulators who continue to wreck the system for their personal benefit. This is not about conspiracy. This is about money! I am tired of hearing about conspiracy theories when it all boils down to “MONEY! and the thieves who steal it” – use their bought media to spin it — use their political connections to protect their operation. That is all it is about — money — nothing more and nothing less.
When the US Supreme (idiot) Court overturned campaign finance laws which will allow corporations and foreign governments to essentially buy US elections, I decided it’s time for me to give up on voting, except at my local level. I’m done. What’s the point now?
Corporations and unions have been buying our elections, writing our laws since before we were born. Now we’ll have the Senator from China sitting beside the Senator from Boeing. That should be interesting…
Normally I don’t post on too many blogs these days, but I wanted to let you know that your blog really forced me to do so! I love your website & your style of writing, please keep up the excellent work.
Though I would’ve loved it much more if you added a relevant video or at least pictures to back up the explanation, I still thought that your write-up quite helpful. It’s usually hard to make a complicated matter seem very easy. I enjoy your weblog and will sign up to your feed so I will not miss anything. Fantastic content
The blog was absolutely fantastic! Lots of great information and inspiration, both of which we all need!
Good site and good articles…
I like the way you write. Your style is very smooth and I enjoy reading your articles. I think I will be back later and look forward to read more useful posts….
Not sure that this is true:), but thanks for a post.
You can believe it. It’s all too true unfortunately.
http://twitter.com/freestyleonnet...
Welcome! Hope that we’d come see! Under the respective exchange ideas! The release of everyone’s ideas!…
This is an informative post, thanks a lot!
you have a good sense of humour.
Super-Duper web site! I’m loving it!! – taking your feeds also, with thanks.
Wow am I literally the only reply to this incredible article?
Uh, thanks. What page are you on?
This is an informative post, thanks a lot!
Nice information, I really like your writing style, many thanks to the author
I’m incredibly delighted to find out that there is actually a little fantastic content to find online. I’m sick of google sending me junk.
Very informative article… Looking forward for more articles on your blog
I Too Like the Blog here. Keep up all the work. I too love to blog. This is great everyone sharing opinions
This article gives the light in which we can observe the reality. This is very nice one and gives indepth information.