The problem with any form of government is the fact that the majority of the constituents are stupid. I am not talking about any party or belief set, but just the general ignorance of the populous.
Capitalism will always turn to corporatism in this country. Progressive liberalism will always lead to dictatorial oppression. Why? Well, because Americans have grown uninformed whether by choice or life circumstances. The poor and ignorant are attracted to the fringes where Van Jones and Alex Jones prey on people. They are so focused on Jon and Kate instead of the news. And the Americans that do watch the news in passing on the major outlets never hear what is going on.
Arianna Huffington and Rep. Ron Paul appeared together on MSNBC this morning. Arianna and Rep. Paul are absolutely correct in saying that nothing has changed when it comes to the bankers running this country. These bankers WANT me and you to fight and rail on ACORN, Beck, and Rep. Wilson and slam each other while both sides confiscate your entire worth through inflation, taxes, and interest payments. While taking on corruption is important and shouldn’t be dismissed in any way, we should always focus on the big picture; the real power.
Why are we stupid? Because we buy cars and pay them off over 5 or more years. People making $70k owning BMW's and $250k homes. It's the plastic. Charge it, baby!
Our country is under an illusion of wealth. They keep us spending money we don't have. We don't contribute to economic stability by saving. We spend recklessly on credit and because of the way we view credit as a nation (no thanks to our Government's example), we skew the supply and demand curve by willingly paying too much for something, like a $500 cell phone. We don't revolt on gas prices because we can charge it. We don't revolt on taxes because we get "refunds". If you don’t know you are being robbed, or just apathetic, then these money brokers get their way.
The only way to stop the coming economic doom, and you haven't seen anything yet, is to go to a real money standard. Yes interest would be 25% for everyone with good credit, BUT, people would be forced to live within their means (and use REAL collateral) and banks would have to be more selective on whom to loan limited funds, like small businesses instead of broke consumers who want iPhones and flat screens.
The true solution is, unfortunately, that we go ahead and take the big hit. Abolish the Fed and return the money to the people. Let us correct the economy all at once and suffer now so our children can be free. Yes it is true, we won't be able to fight unnecessary wars and fund ridiculous programs, but I promise you the quality of life would improve and taxes for everyone would be much lower and prices would be lower.
If you don't believe me, I am 34 and I remember when I was 6 I saw my first $100 bill. My dad's friend had three of them. It was amazing. It was such a sign of being a have and not a have not. And now that same bill is the new $20 Bill. Now if you kept that $100 bill for 30 years and found it now it had the same spending power $35 did then, you would realize that $65 disappeared.
Where did it go? It was robbed from you by the banking system and our precious Government. The Government wants inflation to happen. Why? Because then it devalues the debt and pays it down easier, but what most people don't realize is that it is really a hidden tax to fund the Government, and moreover, a hidden tax on savings.
So let's calculate. The actual inflation from 1980 to 2008 means your $100 is now worth $35.
If you put that in a regular savings account that earned 2.5% over the same time your balance in 2008 is $270. With the same inflation calculation your $100 plus $170 in interest has the spending power of $71 after saving it for 28 years. That is a 64.5% tax that you paid on that $100 for saving it after earning less than exciting interest. And you already paid a high tax on it in 1980 (which had higher taxes than now).
Now let’s say you had a kid in 1990. At that time you put away $5,000 for your kid’s college fund at higher interest in low-risk, let’s say 3.5% interest, which may be conservative, but still…The value of that investment would have been worth $5,700 in 2008 in 1990 dollars. Yes, 18 years of savings in a typical premium savings account would have netted you about $700 when adjusted for inflation! The sad part is that now it is worth $9,400, but money lost 40% of its value in 18 years! Not to mention the fact that you likely paid about $1,500 and $2,000 in state and federal taxes on it before it was even deposited into the bank!
That money went to the government and the Fed (Wall Street). Because when they print money, that makes each unit of currency worth less. It taxes your savings account (via inflation) and you never see it. Mean while the bank where you kept that money made thousands and thousands of dollars off of your deposit along the way.
This isn't an easy concept, and if you read this you are probably smarter than 75% of Americans, and because Americans never see their future taken from them by a corporatist government, they don't seem to care. The worst part is that because they are robbing form us they then provide "services" to take care of us at a pittance for what they took. It’s basically hush money!
If Obama was the Hope and Change then why did he hire Wall St and decide to let the Fed run his administration?
Come together America. it isn't about partisan politics. It's about FREEDOM and LIBERTY.
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