the functions of government were shut down permanently.Jefferson said the twoenemies of the people are criminals and government, so let us tie the second
down with the chains of the Constitution so the second will not become the
legalized version of the first.ceiling by $2.8 trillion.There is only one solution to the dilemma faced by a
government over its inability to borrow more money.Shut it down!
Congressmen reopened talks with Obama, and Senate Minority Leader Mitch
McConnell declared he was confident and optimistic.Debt ceiling or no debt
ceiling, deficit or no deficit -- all of the unconstitutional ministries,
agencies, boards, commissions, authorities, bureaus, divisions, services,
administrations, and programs should be shut down.This is not complicated.
Constitutions delegate certain limited powers to the government. Every other
purpose of government is illegal.
Stimulus funds stimulate government, not the economy.Downturn in a business
cycle is painful but necessary medicine for restoring equilibrium to the
economic system.Reject further lowering of the interest rate (stimulative
monetary policy) or any other attempts (for example, deficit spending or
stimulative fiscal policy) to stimulate demand.is still a distance to go.A bailout is a perverse transfer from poor taxpayers
to rich taxpayers.America's Founding Fathers surely never envisaged that the
federal government would take money from one group of Americans and give it to
another group.Yet much of the federal budget is devoted to redistribution
programs.
Obama says there is no deal has been reached, and cautions that details being
circulated are inaccurate.Time is running out to raise the $14.3 trillion
borrowing limit before the Tuesday deadline.Most crises are similar.There is a
stage of boom and bubble before the bust and the crash.People will see the
value of certain a*sets like homes or equity go up, then they will use these
a*sets as a collateral for borrowing too much and therefore you have a build-up
of leverage in the financial system.And then, once the bubble goes bust, the
value of the a*sets falls and people are stuck with all this debt they can't
repay.
The deal under consideration would raise the debt ceiling through 2012 and cut
spending by an amount equal to the increase in the debt limit over a 10-year
period.Stimulus spending is like morphine.It might feel good in the short term
for the beneficiaries of the money, but it doesn't help repair the economy.And
it causes more damage if it gets in the way of a proper recovery.
The three largest credit rating agencies(CRA) Moody's, Standard & Poor's,
Fitch might downgrade Uncle Sam on Tuesday, prompting global investor flight
from U.S.bonds and the dollar, raising borrowing costs for Americans for years
to come, and threatening recession. globe into turmoil.American stocks last week posted their worst losses in a
year, the dollar slumped, and bewildered investors pulled up cash into bank
savings.
Kleptocrats are creating zombie banks and companies that are kept alive
artificially.We started with a too-big-to-fail problem, and part of the policy
response to the crisis has been even more financial consolidation.JP Morgan
took over Bear Stearns and Bank of America took over Merrill Lynch.What we have
now is financial institutions that are even bigger.Those institutions, even
more than before, know if they do something very risky, something reckless, they
will be bailed out again.
The Federal Reserve refuses to give a public accounting of the trillions in
recent taxpayer-backed loans.Congress has the responsibility to force a public
audit of the Federal Reserve, and the American people deserve to know how their
tax dollars are being spent.Allowing the Fed to remain out of control and
shrouded in secrecy clearly allows for abuse and the continued stealing of our
tax dollars through inflation and unaccounted electronic bank loans.
The Federal Reserve's abuses lead to constant economic crises like the current
housing crisis, international banking crisis and the resulting chaos.The
Federal Reserve System forces fuel, food, housing, medical care and education
costs upward, meaning that everyone who is not on the government dole is forced
to make do with less as the value of money slowly decreases.History shows us
that riots, violence and full-scale police states can result when people finally
realize fiat money isn't worth the paper it's printed on and refuse to accept
it.
Since its inception in 1913, the Federal Reserve has helped to devalue the
dollar by 96%.During the recent economic crisis, it has poured trillions of
dollars into the economy with no oversight, made secret agreements with foreign
banks and governments, and has refused to tell Congress who is getting the money
or to give it the details of what deals are being made.We demand full
transparency from the central banks.
America was founded on the concept of sound money.That was why the American
people used gold, silver, and copper coins as their official money for more than
a century.It's not a coincidence that the following phrase appears in the
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