CORRUPTION, MISMANAGEMENT, CAUSES ECONOMIC MELTDOWN

ECONOMIC MELTDOWN, BEHIND THE SEEN.

 

What is really going on in our World Today! What on earth will it take?

 

 

31,000,000 Americans became age 65 in 2011. That has  added $310 billion dollars to the annual budget of the United States not including the cost of Medicare and Medicaid benefits, which young American will have to pay for. It took 198 years for the U.S. Government to borrow the first trillion dollars. Then, in just another 12 years, mostly under the Reagan ministration, it borrowed another three trillion. By the first year of the George W. Bush Administration, even before the terrorist attack on September 11, the federal debt had risen to over $5.8 trillion. By 2010 it had risen to $202 trillion, when all liabilities are included.

  It is difficult to comprehend such numbers. If you had a stack of $100 bills 40 inches high, you would be a millionaire. $202 trillion would rise over 127 thousand miles into space. By the time you read this, after the expenditures of subsequent administrations that stack has reached the moon.

  By 2006, gross interest payments on the national debt were running $406 billion per year. That consumed 17% of all federal revenue. It now represents the governments largest single expense; greater than defense; larger than the combined cost of the departments of Agriculture, Education, Energy, Housing, and Urban Development, Interior, Justice, Labor, State, Transportation and Veteran’ affairs

  These charges are not paid by the government; they are paid by you. You provide the money through taxes and inflation. The cost currently is about $5,000 for each family of four. All families pay through inflation but not all pay taxes. The cost of each taxpaying family therefore is higher. On average over $5,000 is extracted from your family each year, not to provide government services or even to pay off previous debt. Nothing is produced by it, not even roads or government buildings. No welfare or medical benefits come out of it. No salaries are paid by it. The nation’s standard of living is not raised by it. It does nothing but pay interest.

Furthermore the interest is compounded, which means, even if the government were to completely halt its deficit spending, the total debt would continue to grow as a result of interest on that portion which already exists. In 2006 interest on the national debt was already consuming 39% of all the revenue collected by personal income taxes.

  Amazing, isn’t it? Without interest on the national debt we could save enough to cut our personal income taxes by a third and we could reduce corporate taxes as well. Unfortunately, under present policies and programs, that is not going to happen, because Congress does not live within its income. Many expenses are paid, not from taxes, but from selling government bonds and going deeper into debt each year. So, even if we could save enough to slash personal income taxes, it would not be enough. The government would still go into the red to keep its present life style. However if a reduction in the size and scope of the bureaucracy were accomplished at the same time, personal and corporate income taxes could be eliminated and the government would have an annual surplus.

  By 2008, outlays of the federal government were one-fourth of the nation’s economy. More people now work for government than for all manufacturing companies in the private sector. There are more bank regulators than bankers, more farm-bureau workers than farmers, more welfare administrators than recipients. More citizens receive government checks than those who pay income taxes.

  By 2010 the average federal worker was earning 60% more than the average worker in the private sector. By 1992 more than half of all federal outlays went for entitlements

  Normally with contracts for future obligations like private insurance company pension plans, annuities, life insurance, the issuer is required by law to accumulate money into a fund to make sure that there will be enough available to make the payments when future payments become due. The federal government does not does not abide by those laws. The funds exist on paper only. The money that comes in for future obligations is immediately spent and replaced by government IOU. So as those future payments become due, all the money must come from revenue being collected at that time.

  (600 additional pages and 210 items of bibliography available about oil prices, hyper inflation, Economic meltdown of 2011, collapse of banking industry, oil prices denominated in other than dollars,  new gold backed currencies (not the dollar) of two other nations ,  gold prices to $5,000. and describes how the Federal reserve system and fractional banking is the cause of this.

  1/6^th of 1% of the American public now earns more than 50% of the total income of the nations. One in every 2000 people earns as much as the remaining 1999 earn. 7% of the world's populaiton now owns more than half of the earth.

Only corruption can accomplish that.  It has nothing to do with capitalism or democracy, which we do not have. Our Government is a republic. The one’s the people elect to make the laws make the laws. The people do not. The ones the people elected, represent the 1% that paid the campaign funds for their election costs. Those who pay the election costs pay them for both parties.

  A banking crisis and massive bailouts have already come to pass. The still unfolding scenario includes hyperinflation. collapse of the economy, a new global currency, domestic violence, U.N. "Peacekeeping" forces in the U.S. , and the arrival of high-tech feudalism.

There is no optimistic scenario. Events have progressed too far for that. Even if we begin to turn things around by forcing Congress to cut spending and reduce the debt and disentangle from UN treaties, The Cabal will not let go without a ferocious fight. When the Second Bank of the United States was struggling for its life in 1834 Nicholas Biddle, who controlled it, set about to cause as much havoc in the economy as possible and then to blame it on President Jackson's anti-bank policies. By suddenly tightening credit and withdrawing money from circulation, he triggered a full scale national depression. At the height of his attack, he declared; "All other banks and all the merchants may break, but the Bank of the United States shall not break." The amount of devastation that could be caused by today's Federal reserve is infinitely greater than what Biddle as able to unleash. It would be pure self-deception to think that the Cabal would give up its power without exercising that option. We must conclude that no one is going to get out of this unscathed. There is hell to pay, and it is we who are going to pay it.

What has this go to do with the Federal Reserve System? The answer is that the Federal Reserve is the starting point of the pessimistic scenario. The chain of events starts with fiat money created by the central bank which leads to government debt, which causes inflation, which destroys the economy, which impoverishes the people, which provides an excuse for increasing government power, which is an on going process culminating in totalitarianism. Eliminate the Federal Reserve from this equation and the pessimistic scenario ceases to exist. That is the seventh and final reason to abolish the Fed. It is an instrument of totalitarianism.

Is it realistic to realistic to believe that the current trends can actually be reversed ? Isn't it just fantasy to think that anything can be done at the late date to break the CFR 's hold over government, media, and education? Do we really expect the gum chewing public to go upstream against the indoctrination of newspapers, magazines, television and movies? The battle has progressed far and our position is not good. if we are to reverse the present trends we must be prepared to make a Herculean effort.  There are certain things that must precede abandonment of the Fed if we are to have a safe passage.