Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Friday, July 3, 2009

Abuses and Usurpations From The Declaration of Independence, How Many Apply Today?



13 Currently Applicable Abuses and Usurpations



On this, the day prior to our Independence Day, I read from the Declaration of Independence to see if any of the 27 grievances our forefathers mentioned in this document might apply today. Although one could construe some of the others as partially applicable, dependening on the perception of the reader, I believe 13 to be either directly, or at the very least perceptively, pertinent and timely. I have listed these here. In this context we can here replace "He" with "They". Let us also remind ourselves, we the people are not blameless in the current situation. By our disengagement, apathy, cowardice and laziness we have harmed our republic. Now it is time to come to attention and become engaged, concerned, brave and tireless in our work at preservation of our republic. This we owe to our forefathers and to our posterity.



"-- that we here highly resolve that these dead shall not have died in vain --
that this nation, under God, shall have a new birth of freedom -- and that
government of the people, by the people, for the people, shall not perish from
the earth."~Abraham Lincoln




— That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new
Government, laying its foundation on such principles and organizing its powers
in such form, as to them shall seem most likely to effect their Safety and
Happiness. Prudence, indeed, will dictate that Governments long established
should not be changed for light and transient causes; and accordingly all
experience hath shewn that mankind are more disposed to suffer, while evils are
sufferable than to right themselves by abolishing the forms to which they are
accustomed. But when a long train of abuses and usurpations, pursuing invariably
the same Object evinces a design to reduce them under absolute Despotism, it is
their right, it is their duty, to throw off such Government, and to provide new
Guards for their future security. —



1. He has refused his Assent to Laws, the most wholesome and necessary for the public good.



2. He has made Judges dependent on his Will alone for the tenure of their offices, and the amountand payment of their salaries.



3.He has erected a multitude of New Offices, and sent hither swarms of Officers to harassour people and eat out their substance.



4.He has kept among us, in times of peace, Standing Armies without the Consent of ourlegislatures. He has affected to render the Military independent of and superior to the Civil Power.



5.He has combined with others to subject us to a jurisdiction foreign to our constitution,and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:



6.For quartering large bodies of armed troops among us:



7.For protecting them, by a mock Trial from punishment for any Murders which they shouldcommit on the Inhabitants of these States:



8.For cutting off our Trade with all parts of the world:



9.For imposing Taxes on us without our Consent:



10.For depriving us in many cases, of the benefit of Trial by Jury:



11.For transporting us beyond Seas to be tried for pretended offences:



12.For taking away our Charters, abolishing our most valuable Laws and altering fundamentallythe Forms of our Governments:



13.For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.



In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.



Saturday, June 27, 2009

THE TIME HAS COME FOR ALL GOOD CITIZENS TO COME TO THE AID OF THEIR COUNTRY




I have written on this subject several times before within other context. I now make this subject priority one, as I believe it should be.
Our country is in deep trouble. Financially, diplomatically, and most of all in the lack of engaged citizenry. We have become a nation of extremes. We either are extremely left, extremely right, extremely liberal, extremely conservative, extremely religious, extremely secular, extremely Democratic, extremely Republican and predominantly, extremely apathetic. We tend to pigeon hole ourselves within a selected group and parrot what that group says, believes and votes for. By such ideological slotting, we can then disengage brain and let the other members of said groups think for us when it comes to our citizenry and politics. Just like in sports, we pick a team and then bash every other team. We second guess the coaches and berate losing players. Here is the difference. In politics and good engaged citizenry, WE are in fact the coach, owner and players. We would like to place blame on an administration, party or group. Just like in so many other facets of our lives, we have shunned responsibility and accountability.


Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong. ~Richard Armour


There are many men of principle in both parties in America, but there is no party of principle. ~Alexis de Tocqueville



We'd all like to vote for the best man, but he's never a candidate. ~Frank McKinney "Kin" Hubbard




There must be common ground which we can all stand upon. We must find that common ground. I believe we can all agree on keeping our republic sovereign and autonomous. I sincerely feel we stand to lose that soon should we continue down the path we are on. How can we accomplish this? We must start locally by approaching the party of which you are not a member of. If you are not now, or have ever been a member of any party, good. We must forgo this party mentality. I know it will be difficult to accomplish. Start by developing relationships with people of every party. Stop refusing to talk to liberals/conservatives. Be a citizen, not a republican/democrat/libertarian. Love liberty, not a politician. Love freedom, not television. Love your country, not dogmatism.


Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to rule - and both commonly succeed, and are right. ~H.L. Mencken, 1956


All of us who are concerned for peace and triumph of reason and justice must be keenly aware how small an influence reason and honest good will exert upon events in the political field. ~Albert Einstein



The Democrats are the party that says government will make you smarter, taller, richer, and remove the crabgrass on your lawn. The Republicans are the party that says government doesn't work and then they get elected and prove it. ~P.J. O'Rourke



The future is up to us. We have to understand that we are the government. We have to become engaged in the process. We have to insure our posterity enjoys the same freedoms and liberty that our forefathers secured for us with hard knocks and blood. We have to understand that it is our noble charge to secure this future. The days of laziness and lackadaisical approaches are over. The party is over. Should we allow things to take the course those who would destroy our republic for their financial gain would want, which is what we are currently doing, we will lose our monetary autonomy and with it, so goes our republic.


Midas, they say, possessed the art of old
Of turning whatsoe'er he touch'd to gold;
This modern statesmen can reverse with ease -
Touch them with gold, they'll turn to what you please.
~John Wolcot


How come we choose from just two people to run for president and 50 for Miss America? ~Author Unknown


Politics is supposed to be the second-oldest profession. I have come to realize that it bears a very close resemblance to the first. ~Ronald Reagan




We must educate our youth on the rights and duties of citizenship. We must get our children engaged in the process. To do this, WE must be engaged in the process. Ask questions. Take the time to call your representatives. Force change by numbers of those us engaged. Take up the mantle of good citizenship and be a good example for our youth to emulate. Take responsibility and be accountable. Be Americans one and all. This house is once again divided. This house will not stand as such.


Every two years the American politics industry fills the airwaves with the most virulent, scurrilous, wall-to-wall character assassination of nearly every political practitioner in the country - and then declares itself puzzled that America has lost trust in its politicians. ~Charles Krauthammer


Instead of giving a politician the keys to the city, it might be better to change the locks. ~Doug Larson



One ought to recognize that the present political chaos is connected with the decay of language, and that one can probably bring about some improvement by starting at the verbal end. If you simplify your English, you are freed from the worst follies of orthodoxy. You cannot speak any of the necessary dialects, and when you make a stupid remark, its stupidity will be obvious, even to yourself. Political language - and with variations this is true of all political parties, from Conservatives to Anarchists - is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind. One cannot change this all in a moment, but one can at least change one's own habits, and from time to time, one can even, if one jeers loudly enough, send some worn-out and useless phrase - some jackboot, Achilles' heel, hotbed, melting pot, acid test, veritable inferno or other lump of verbal refuse - into the dustbin where it belongs. ~George Orwell, "Politics and the English Language," Shooting an Elephant, 1950


Saturday, June 13, 2009

Federal Reserve Notes vs. Toilet Paper


The abjectly fictional nature of modern paper currency and fractional-reserve banking encourages the question: why do fiat FRNs continue to circulate, and banks without any real monetary reserves continue to function? Those who accept the theory that "money" is whatever the government decrees would answer that FRNs (or bank-deposits denominated in FRNs) have value as media of exchange in the marketplace because people must acquire them in order to pay their taxes. The obvious fallacy here, though, is that the government accepts payment of taxes in FRNs precisely because those notes have a finite purchasing-power in the market, and therefore are usable as "money" by the government. It is not the present and future taxability of the notes that gives them their market exchange-value, but their residual market exchange-value that renders them viable as a medium of taxation. One must recall that FRNs were originally redeemable, directly or indirectly, in gold coins, silver coins, or both. For that reason, FRNs had a real exchange-value in the market that reflected their underlying redemption-values in gold or silver, and depended not at all on their use as a medium of taxation but indeed made them valuable for that purpose. When FRNs became wholly irredeemable after 1968/1971, they lost any fixed or predictable market exchange-value in terms of real money, and therefore became of increasingly uncertain value as a medium of taxation, too (at least to the extent they continue to depreciate in market exchange-value, as they have, steadily, since then). A more realistic explanation for the continued circulation of FRNs (or bank-deposits denominated in FRNs) as "money" is that the general public is the victim of a confidence-game, in which the government and the banks have foisted off paper liabilities in the place of real monetary assets in an inverted pyramid of monetary fraud. At the tip of this upside-down pyramid are real "dollars": silver and gold coins that are themselves monetary assets and no one's liabilities, and circulate among those knowledgeable about the differences between real money and paper money. Next in amount in circulation - and at the first level of the institutionalized fraud - are the base-metallic token (or "clad") coins of cupro-nickel alloy. These are monetary assets to the extent of their salvageable metallic content - which is worth about 2% or less of their face values - , but otherwise are liabilities of the government which at one time were redeemable in silver, but are today wholly irredeemable. The next largest fraudulent circulating medium consists of actual FRNs, today "redeemable" only in "clad" coins. Finally, the greatest portion of the so-called "money supply" consists of bank demand-deposits, most of which have been loaned at interest to persons other than the depositors. Revealingly, not only are these purported deposits not actually on deposit in the banks at all, but also the deposits are not even formally "redeemable", because the deposits themselves are not the depositors' "money", but the banks'! The deposits are loans of money the depositors (many of them unknowingly) have made to the banks, and which the banks have then further loaned to third parties. But how many people are aware of this situation? Why do the government and the banks not educate those who are unaware of what is really going on - other than because the government and the banks knowingly profit from public ignorance and therefore intentionally promote it? And how long can such a swindle continue? This question highlights the second of the contemporary political-economic conditions that underlie the problem of collapsing domestic banks: namely, the inability of the banks to continue indefinitely to increase the supply of money within the domestic economy, that is (as the saying goes), to "expand credit" (because the supply of new money derives from the extension of bank-credit to borrowers). The answer to the question "How long can this confidence-game last?" is "Not forever!". If, on the one hand, the banks overly expand credit, hyperinflation occurs (that is, the purchasing-power of the monetary unit falls exponentially). If, on the other hand, the banks overly restrict the expansion of credit in order to avoid hyperinflation, recession and then depression occurs (that is, people borrow less, and then existing borrowers in massive numbers default on loans). The bankers' "trick" (and dilemma) is to continue to expand credit within an expanding, and therefore essentially noninflationary, economy. The insoluble problem inherent in credit-expansion through fractional-reserve banking, however, is that expansion of a fiat money supply inevitably misdirects and wastes real economic resources, resulting in an increasingly nonrational economy - that is an economy that does not expand in real terms. In short, credit-expansion by fractional-reserve banking in the long run guarantees economic collapse, with resultant social chaos and political crisis. CONCLUSIONNo crystal ball is necessary to predict that a turning-point in the history of money and banking in the United States is drawing nigh. The burden of governmental debt - much of it made possible only by central-bank "monetization" - has approached levels unsustainable in real terms even with drastically increased confiscation of Americans' earnings through explicit taxation. But Americans seem reluctant to accept more taxation to fund the never-ending follies of a spendthrift welfare state. Thus, repudiation of the debt (in whole or in part) through extreme depreciation of FRNs and bank-deposits denominated therein appears likely, if not certain. For this looming debacle, Americans can thank the FRS, the "experts" who administered it since 1913, the politicians who wed it as a "cover" to finance their own careers, the bankers who profited from their monopoly over the emission of "legal-tender" paper currency, and the "intellectuals" in academia, the press, and the media who (quite unlike their counterparts in the last century) remained strangely silent on the issue of money and banking. That is, Americans can properly thank these people if Americans become aware of what the FRS is, what it does, and why it is responsible for having undermined to the point of collapse the nation's once proudly prosperous economy and staunchly republican political process. Hopefully that day of a new national awareness will soon be at hand.