"But
let's bear in mind and never forget that we have seen very serious
dropping of our deficit over the past year. We're making progress
on that front.” U.S. Rep. Keith Ellison
Yes.
The Outlaw Congress is made up of imbeciles and crooks. Ellison's
statement is so disingenuous, it would be laughable if the situation
weren't so serious. Ellison, like the majority of the Outlaw Congress
has zero understanding of the U.S. Constitution or the disabilities
of our monetary system. Then, there are useful fools like Paul
Krugman, cheerleader of failed Keynesian economics first promoted
by British economist, John Maynard Keynes, a
sexual deviant among other perversions.
Dropping
the deficit? The outrageous, out-of-control spending by the bandits
in the Outlaw Congress hasn't stopped. The
impostor in the White House continues to approve trillions in unconstitutional
spending -- ALL borrowed: 'U.S.
Foreign Debt Up 78% Under Obama'. With the unconstitutional Obamacare
kicking in, not only are we being raped in more taxes, the monstrous
bureaucracy created will cost hundreds of billions for who knows how
many years to come - all of which has to be borrowed since the people's
purse is overdrawn almost $17 TRILLION dollars. Not to mention skyrocketing
health care premiums people aren't going to be able to pay while they're
robbed to pay someone else's medical care:
•
Senate
Dems Vote To Provide Obamacare To Illegals
Dump 20-25 MILLION illegals into Obamacare? The numbers will go into
outer space:
• Sebelius:
Yep, ObamaCare is raising insurance costs.
• Will
soar 62% in CA, 80% in OH, WI!
Who's
telling the truth about the economy? The American people:
15%
of Americans Receives Food Stamps- roughly 47 MILLION
$4
BILLION to soft drink manufacturers:
"Soda
makers, for example, bag an estimated $4 billion a year in taxpayer
money through the food stamp program. Efforts to kill the so-called
“soda subsidy” have been met with fierce resistance and
lobbying by the soda industry. In Florida, State Senator Ronda Storms
(R-Valrico) introduced a bill last year that would keep taxpayer-funded
SNAP benefits from being spent on non-essential items like sodas,
candy, chips, ice cream, and other junk foods. “The biggest
opponents I have right now are Coca Cola, the soda companies, the
chip companies and the convenience store operators,” said Storms
in an interview with Fox News."
In
2012, the thieves in Congress stole the fruits of our labor to pay
out $80.4
BILLION BORROWED dollars for food stamps. Unconstitutional.
Food stamps to help families who truly need it is a Tenth Amendment
right of the states, not the General Government.
Some
90 MILLION eligible workers are no longer in the work force. Many
for years who end up going to jail because they can't meet financial
obligations:
As
economy flails, debtors' prisons thrive: "Ask Jack Dawley,
55, an unemployed man in Ohio who between 2007 and 2012 spent a total
of 16 days in jail in a Huron County lock-up for failing to pay roughly
$1,500 in legal fines he'd incurred in the 1990s."
Desperate
Americans continue demanding the bandits aka the U.S. Congress and
the impostor in the White House create more jobs. Wrong, wrong and
wrong. That's one of the reasons the deficit and national debt have
become unpayable:
Stop
with the demand "Congress create jobs" rhetoric
The
real reason for the loss of millions and millions of good paying jobs
has not been reversed. No need to re-hash here as I've written about
it until my fingers are numb:
•
U.S. Congress, Obama/Soetoro
are Anti-American Jobs
• Congress
Refuses to Bring Home Jobs
• Americans
Don't Want Good Paying Jobs (Conservatives need to get over their
love affair with former U.S. Rep. Allen West)
• Neither
Romney or the Impostor President Will Create Jobs
And
yet, in 2012, the American people voted 96% of the same crooks, thieves
and liars back to the Outlaw Congress.
The
head of the beast, the unconstitutional "Federal" Reserve
Banking Act of 1913, is still on the books and it's killing us. In
2007, former Congressman Ron Paul introduced H.R. 2755 (110th): Federal
Reserve Board Abolition Act. There were no co-sponsors. Why? Because
thieves from both parties are grossly ignorant about fiat currency
and what the "Fed" has done to this country for 100 years:
"Otherwise
confident and intelligent people including members of Congress
- defer to the Fed's wisdom mainly because they do not understand
it....The only players who are left out of this conversation are
the American people and, to a large extent their elected representatives.
Instead, they are provided a frustrating stream of evasive euphemisms
and opaque jargon and platitudinous generalities and, sometimes,
even downright deception. As more than one Federal Reserve governor
confided to me, it would be very difficult - perhaps impossible
- for the Fed to have an honest discussion of monetary policy
with Congress or the public because the level of ignorance is
so profound." William Greider, author of Secrets of the Temple,
testimony,
House Banking Committee, October 7, 1993
The
ones in the Outlaw Congress who do understand haven't served the American
people for decades. Their favors are bought and paid for by mega corporations
who sold out the American worker the minute the unconstitutional,
sovereignty killing NAFTA (No American Factories Taking Applications)
was signed into "law" by Marxist Bill Clinton, Dec. 8, 1993.
Cheerleaders for that destructive trade treaty: Rush Limbaugh, John
Boehner, Nancy Pelosi.
There
is another bill in Congress to abolish the "Fed": H.R. 73
- Federal Reserve Board Abolition Act, introduced by Rep. Paul Broun
[R-GA]. While it will never pass (to date there is one co-sponsor,
Rep. Thomas Massie [R-KY]), both deserve credit for introducing the
bill. One of the pieces I read nearly two decades ago you will find
of interest explains how the robber barons steal us blind:
Congressman
Louis McFadden spoke before Congress in 1933 about the evils of the
Federal Reserve System; printed in the Congressional Record. "On
May 23, 1933, Congressman, Louis T. McFadden, brought formal charges
against the Board of Governors of the Federal Reserve Bank system,
The Comptroller of the Currency and the Secretary of United States
Treasury for numerous criminal acts, including but not limited to,
conspiracy, fraud, unlawful conversion and treason. The petition for
Articles of Impeachment was thereafter referred to the Judiciary Committee."
Congressman McFadden died on Oct. 1, 1936.
The
"Fed" creates inflation, deflation and depressions. That
cabal has been sucking the life blood of this country for a century
and will continue to do so until the whole evil system implodes. It's
not if, it's when. Money controls our economy and our lives, and still,
the masses know nothing about the subject, only begging for more scraps
from the King's table. Well, it's all coming home to roost. Almost
all the states of the Union continue to turn a blind eye while the
financial tsunami is rolling across this country.
Utah
passed a watered down version of a sound money bill; a couple of states
are working it during this session. Here in Texas, our legislature,
despite our efforts to get them to pass a constitutional sound money
bill are not going to; down the road they will sorely regret it. Texans
-- prepare for the worst. See Working
Paper here and Dr.
Edwin Vieira's very important speech to the Montana banking committee
in 2011, which I sent to every Republican in the Texas State Legislature.
They hold the majority in the house and senate.
The
Road Not Taken (2011. One can easily make the argument it's now
too late.)
The
bandits in the Outlaw Congress need more money for all their unconstitutional
spending. Besides begging from our enemies like Communist China, where
else can they get it? Bernanke printing more worthless confetti. Let
me give you an example: If you purchased an item in 1913 for $20.00,
today that same item would cost you $469.02. A cumulative rate of
2245.1%. Today I am paying $2.48 for a small bunch of organic spinach;
every week some item I purchase at the grocery store on a regular
basis goes up, sometimes as much as a "dollar" or more.
The
American people by the tens of millions pay no attention to what's
going on over in Europe. The masses have no understanding of the
trade deficit as they continue buying foreign made cars killing
our economy. They simply tune out what they don't understand.
Ask 100 people on the street in downtown anywhere USA what they
know about derivatives and 100 will give you a blank stare.
Financial
Collapse Inevitable As The Derivatives Bubble Grows
"In
a previous article entitled “Why Is The World Economy Doomed?
The Global Financial Pyramid Scheme By The Numbers“, I noted a
couple of statistics that show why derivatives are such an enormous
problem:
"-$212,525,587,000,000
- According to the U.S. government, this is the notional value
of the derivatives that are being held by the top 25 banks in
the United States. But those banks only have total assets of about
8.9 trillion dollars combined. In other words, the exposure of
our largest banks to derivatives outweighs their total assets
by a ratio of about 24 to 1.
"-$600,000,000,000,000
to $1,500,000,000,000,000 - The estimates of the total notional
value of all global derivatives generally fall within this range.
At the high end of the range, the ratio of derivatives to global
GDP is more than 21 to 1. When the derivatives bubble finally
bursts, where are we going to get the trillions upon trillions
of dollars that will be needed to “fix” things this time?"
There's
a lot of splashy headlines everyday on the Internet about the
economy crashing "next Tuesday". America's economy is huge. It
takes time for the meltdown to surface in a way people understand
it at the most basic level: stores closing, losing their job,
filling the gas tank and buying food. Because the U.S. Congress
refuses to cut off the head of the beast, the "Fed", and most
states of the Union are ignoring the problem, there's no way to
stop what is already underway.
For
a long, long time, I have been reading from the experts and my
dear friend of 15 years, Harvey Gordin. As I have mentioned in
previous columns, Harvey told me in 2005, the housing market was
going to crash. I believed him and told my husband we have to
get out of the house we lived in (Sacramento) because I wasn't
going to stay in my home state of California once John retired.
Shortly after, John was diagnosed with cancer, so we had to put
off selling our home in one of the most desirable planned development
communities in the U.S.
By
Feb. 2006, I could see it coming and told John, it's time to start
looking. I bought this house in Texas a few months later while
John remained in California taking care of selling the Sacramento
house. Long story short, we sold that house in September 2006;
John retired because of his medical problems. Had we been able
to do it in June 2005, we would have netted an additional $100,000.
That's how inflated the prices were back then. We were able to
realize a very small profit; believe me, I feel very lucky because
millions never saw it coming. By 2007, Natomas Park was drowning
in foreclosures. The couple who bought our house will never be
able to sell it for what they paid us. Today it is valued $210,000
less than they paid us when the sale was completed.
Americans
are loaded up with guns and ammunition, which is absolutely necessary
for many reasons. So is getting your money out of 401(k)s and
other retirement accounts even if you have to take a hit from
the thieves at the IRS. Just my personal opinion, not investment
advice. I've seen columns where people write you don't need gold,
you need bread and guns. True, but how many folks are going to
put $75,000, $100,000 or $250,000 into guns and butter? One has
to be practical. We're talking about people's life savings being
wiped out.
Do
you remember what happened when ENRON folded faster than a punctured
balloon? Employees lost their retirement savings; it was absolutely
devastating and hard to watch. Do you know where your 401(k) money
is being invested and who is doing the investing? Cities are filing
for bankruptcy, companies, chain stores - going out of business
because the American consumer is telling you the truth
about the economy: They're broke and can't find jobs.
•
Thousands
more Americans are losing their homes this year with 1.5 million
properties taken by banks - up nine per cent on 2012
• Retail
Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
• Record
number of Silicon Valley residents fall into poverty as tent cities
pop up across the region
• 16
Things About 2013 That Are Really Going To Stink
When
people have nothing left to spend after taxes, they don't spend.
The
items in the links below are to help all of us understand, without
the hysterics, how dire the situation is and where things are
headed. I also encourage you to call Harvey Gordin at 602.228.8203
and talk to him about liquidating worthless paper assets and buying
gold. Don't be fooled by the big companies who sell gold for "lowest
commissions". You're just the next one on a conveyor belt to them;
too many people are sold the wrong coins by slick dealers. Do
business with someone who knows what he's talking about and will
take the time to help save what you've worked so hard for and
protect your assets. Paper is worthless.
Links.
The future we face. How is reelecting your incumbent back to Congress
working out for you?
1
- Leading
Economist: “We're In a No Win Situation -
This Is End of the World Type Stuff”
2 - Poverty
hits the suburbs
3 - The
Chart That Proves That The Mainstream Media Is Lying To You
About Unemployment
4 - The
Chart That Will Crash The Market: “We Have Reached the Terminus”
5 - 20
Signs That The U.S. Economy Is Heading For Big Trouble In The
Months Ahead
6 - David
Stockman: We've Been Lied To, Robbed, And Misled
7 - David
Stockman Predicts A Major Stock Market Crash
8 - America's
Economic Depression in 5 Charts
9 - Toxic
Derivatives That Blew Up The Economy Are Back
10 - Shadow
Government Statistics
Analysis Behind and Beyond Government Economic Reporting
11 - Sears,
JC Penney, Barnes, Best Buy To Close 100s Of Stores
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