4est_4est_Gump
Run Forrest! RUN!
- Joined
- Sep 19, 2011
- Posts
- 89,007
"In the early part of the 20th century our politicians promoted the notion that the tax and monetary systems had to change if we were to involve ourselves in excessive domestic and military spending. That is why Congress gave us the Federal Reserve and the income tax.* The majority of Americans and many government officials agreed that sacrificing some liberty was necessary to carry out what some claimed to be “progressive” ideas. They failed to recognized that what they were doing was exactly opposite of what the colonists were seeking when they broke away from the British.
We Need an Intellectual Awakening. Without an intellectual awakening, the turning point will be driven by economic law.* A dollar crisis will bring the current out-of-control system to its knees."
Ron Paul
Mike "Mish" Shedlock
Read more at http://globaleconomicanalysis.blogspot.com/#B2IIm3DvupT6CSwu.99
http://globaleconomicanalysis.blogspot.com/2012/03/ben-bernanke-inflationist-jackass.html
http://globaleconomicanalysis.blogspot.com/2011/01/hello-ben-bernanke-meet-stephanie.html
That's what I keep saying...
We Need an Intellectual Awakening. Without an intellectual awakening, the turning point will be driven by economic law.* A dollar crisis will bring the current out-of-control system to its knees."
Ron Paul
It sounds so logical (for farewell speech, click first link below), doesn't it? So why are we in this mess?
The answer is we nominate clowns like Mitt Romney and President Obama and the vast majority of people choose between Tweedle-Dum and Tweedle-Dee based on some sense of morality or perhaps some kind of handout.
The pro-life hypocrites were willing to vote from Mitt Romney who is hell bent on starting a war with Iran in spite of obvious failures in Iraq and Afghanistan, in spite of the fact that war kills real living people.
As Paul said, "500,000 Iraqis, mostly children, in the 1990s died, as a result of American bombs and sanctions." Supposedly it was “worth it” for the greater “good”. It was so "worth it" that we did it a second time, and lied to do it.
Congressional lemmings supported the war en masse. Paul didn't. Neither did I, and I am proud of it.
Question of the Day
If Republicans are not in favor of deficit spending and Democrats are not either, then how the Hell do we have trillion dollar deficits?
The answer is vast majority of politicians are liars, with no backbone to stand up and tell the truth to US citizens: "the country is broke".
We cannot afford wars. We cannot afford to keep troops in 140 countries. We cannot afford to be the world's policeman.
We also cannot afford Davis-Bacon and prevailing wage laws. We cannot afford the pension promises we have made. We cannot afford collective bargaining of public unions. We cannot afford all kinds of entitlements that have been promised.
How Does It Happen?
We have all of these things because corrupt politicians buy votes of constituents who want to hear the lie that we can afford those things. In the end, that's what it's really all about.
The unions, the warmongers, the banks, and all the other special interest groups buy votes of corrupt politicians every step of the way. The "compromise" in Congress is Republican get their wars and Democrats get fiscally unsound social programs.
In the meantime, government grows bigger and bigger and bigger. And the Fed (and Congress) repeatedly bail out the banks and the wealthy at the expense of the middle class.
For more on the Fed, please see ...
Ben Bernanke: Inflationist Jackass, Devoid of Common Sense, and Clueless About Trade, Debt, History, and Gold
Hello Ben Bernanke, Meet "Stephanie" (links below)
Click on those links and you will have no problems answering the question "Why is the middle class is shrinking?"
The short answer is inflation benefits those with first access to money (namely the banks, the already wealthy, and the politicians). So does tax policy, favoritism, and special interest legislation.
A day of fiscal reckoning is coming over such economic insanity. From where I sit the sooner the better.
Mike "Mish" Shedlock
Read more at http://globaleconomicanalysis.blogspot.com/#B2IIm3DvupT6CSwu.99
http://globaleconomicanalysis.blogspot.com/2012/03/ben-bernanke-inflationist-jackass.html
http://globaleconomicanalysis.blogspot.com/2011/01/hello-ben-bernanke-meet-stephanie.html
That's what I keep saying...