Sunday, July 31, 2011
As we follow the Government Reality Show on the debt, hasn't it become obvious who they work for? They demonize real people, they use fear mongering, the POTUS has talks behind closed doors with a select few, who do you think that they are trying to appease on this? Take a look at these numbers and connect the dots.
The debt in a nut shell;
Hong Kong: $121.9 billion (0.9 percent)
Taiwan: $153.4 billion (1.1 percent)
Brazil: $211.4 billion (1.5 percent)
United Kingdom: $346.5 billion (2.4 percent)
Japan: $912.4 billion (6.4 percent)
China: $1.16 trillion (8 percent)
Oil exporting countries: $229.8 billion (1.6 percent) We give them loopholes and subsidies?
Caribbean banking centers: $148.3 (1 percent) Illegal cash?
The U.S. Treasury: $1.63 trillion (11.3 percent) The FED, bonds for cash.
Private pension funds: $504.7 billion (3.5 percent) Wall St?
State, local and federal retirement funds: $320.9 billion (2.2 percent) Wall St?
Money market mutual funds: $337.7 billion (2.4 percent) Wall St?
Mutual funds: $300.5 billion (2 percent) Wall St?
Commercial banks: $301.8 billion (2.1 percent) Slaves to the FED?
State and local governments: $506.1 billion (3.5 percent) Why are they all broke?
U.S. households: $959.4 billion (6.6 percent) What does this mean? Are we all millionaires?
Social Security trust fund: $2.67 trillion (19 percent) Doesn't SS have it's own fund apart from the debt? Does this note the disparity?
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
Factor in the billions in free Foreign Aid, could it be better spent?
It must be recorded that the Bernanke-Geithner-Summers team was deeply involved in the financial deregulation that led to the securization banking crisis and to the subprime mortgage crisis. When one considers the trillions of dollars in public money that have been used to camouflage the large N. Y. banks' bad debts, it is obvious that the Obama administration has adopted the old political technique of pandering to the rich with the blind support of the poor. (N.B.: The top 23 Wall Street banks and financial firms handed out a record $140 billion in bonus compensation during the year of 2009—$10 billion more than the previous record year of 2007. It has since been announced that the seven largest bailed out banks may see their bonus plans scaled down, and the Obama admistration got the benefit of the doubt for this small and possibly symbolic step toward public morality.)
Such practically unconditional bailouts of “too-big-to-fail” banks can be seen as some plush state socialism for the rich, coupled with harsh and unregulated market capitalism for the poor, saddled as they are with unlimited home foreclosures and personal bankruptcies. (by Prof. Rodrigue Tremblay)
If we really want to get rid of the national debt they’d call for the elimination of the Federal Reserve. Since the establishment of the Federal Reserve in 1914, government debt has increased from 2.9 billion dollars to a staggering and mind-numbing 8 trillion dollars. In fact prior to the FED, there was no "national debt".
All income taxes collected by the government go to the private banking cartel through the Federal Reserve just to pay interest on government loans. The Federal Reserve creates money out of thin air by entering numbers in a computer and loans it to the government at interest.
In addition to paying the bankers, your tax dollars go to build a world government. So-called “transfer payments” go right to the World Bank, the United Nations, and the International Monetary Fund. As I wrote this, the globalists were gathered in Copenhagen plotting to steal even more money through a global carbon tax. Fortunately we were beginning to awaken to their thievery and arrose to squash this.
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation […] Deficit spending is simply a scheme for the “hidden” confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
- Alan Greenspan, Gold and Economic Freedom (1968)
Conservative finance practices are truly beneficial as are acts of charity to help those less financialy able in times of need. Social Security and Medicare are not "entitlements", you pay for them, as an investment. We do not pay into this to create jobs for nobility! We are investing in our future care in our old age, something that the people we've elected to spend our money don't have to do. Shouldn't We The People implement some conservative finance of our own and demand that these people pay their share as well? We have that power don't we? With the economy as it is now how can anyone justify re-electing one single person?
OK, if the avg person pays into Medicare $55,000.00 over their lifetime, and their potential medical expentidure after retirement is $167,000.00 for a disparity of $112,000.00, and projected 20 yrs out @ $84k vs $293k, for a new diff of $209k it would seem to me that the Med Professsion is way over priced (I don't think our health has gotten worse), the answer lies in the pricing, cutting benefits won't close the gap and the gi-normus profits only get paid out in obscene bonuses to the insurance executives.
You don't see working class wages increasing at the same rate as the costs of this ridiculousness. The surgeons saving the lives do not make the salaries of the Ins Co execs, is that fair? These profits for the Ins Co's also enable them to pay for high priced lobbyist to seek favorable legislation from our Gov, padding the pockets of our elected officials. Now, our government wants to cut your benefits to "save" the system. The system obviously sucks. To save the system for themselves and the Ins Co's, but not for you. We've created a Gov/Ins megamonster!
Buisnesses have learned that the fastest road to more profits is to cut labor costs. They call it "productivity" but it's simply stated; more for less or in modern terms, "offshoring". In many cases union wages have driven the costs of production so high here in the states, and with the complex tax code a business doesn't have much choice but to "offshore" to be able to profit.
I can remember when people got a 3% "cost of living" raise each year. On top of that a performance or "time in service" raise. Now a days you get a perfomance evaluation, your employer tells you what a great asset you are to the company and you get a raise, 3%, year after year after year, and that's it. The cost of living rises 3% as well so in effect you've received nothing. You still pay income tax though, right?
We hear our elected theives repeat over and over that we do not have a revenue problem and that our debt can be blamed on a spending problem, their spending problem. For this revelation they jusify taking zero cuts in their benefits but propose taking it away from the truly needy, systemic abuses excluded. How noble of them!! Now it is ok however to bail-out the banks, insurance company's and wall street to the tune of a trillion dollars, on your dime, and cut your benefits on top of it, pure lunacy.
We argue and squabble and blame. Politics in its primordial form. Democrats and Republicans, conservatives, liberals and independents…. We are all missing the boat. There is a bigger picture here. We are all the same. We are not the elites; we are the working class. We are ALL Americans. We have, in essence, the same needs. Why do we argue with one another? They tell us to.
It’s time to return to the pursuit of Enlightenment. We need to make amends, cross the established “political” lines, and begin having a meaningful discourse on a socio-political solution. Not to be confused with socialism, “socio” in the sense of community, “political” in the form of Democracy. Remember that "pesky 'ol" Constitution? Political labels are destructive and the agendas have bred nothing but corruption. It's time to get over ourselves, it's time to get together, there are too many outside forces that want to take it all away.
The Tea Party is not a political party, it is the esscence of our founding principles and all Americans have got to re-embrace these principles and allow no establishment politician or political ideal claim to be holding true to them. We need to continue to hold their feet to the fire.
Ask yourself; "Are we really “conservatives” or “liberals?” It is time to think about what these words actually mean and not what the Lame Stream Media tells us they mean. Aren't we all a little of both? Granted, extremes exist, and some are a little to one side or the other of center, but for the average American, we all tend to be fair, moral, and responsible. That's what makes us great.
One thing is for sure. We are the working class; corruption abounds, and We (the middle class) are not doing the corrupting. We are on the same side. We just need to recognize it and find ways to unite. We might find that none of us need to cross to the other side of the line.
There might not be a line at all.
Only an end of the Federal Reserve and the banker theft operations will free the people from the never-ending slavery to debt. Rest assured that your elected ones won't be doing that anytime soon.
Private bankers, with the help of our government, have fleeced the American people for decades. Every American should be calling for the immediate end of the Federal Reserve and the never-ending burdensome taxation on the American people and small business. Term limits in congress may prevent the coruption of entrenched carreer politicians, but none of this will happen by itself, it's time to step up America.
“If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”
- Thomas Jefferson
Posted by freeman lomax at 1:30 PM