By Pam Martens and Russ Martens: April 1, 2016
According to Forbes, Ken Griffin, CEO and founder of the hedge fund, Citadel, has a net worth of $7.6 billion. But unbeknownst to most Americans, Citadel received a windfall boost from the taxpayers’ pocketbook sometime between September 18 to December 12, 2008. That was during the Wall Street crash when the U.S. government had taken over the big insurer, AIG, and decided to pay 100 cents on the dollar on AIG’s obligations to Wall Street banks and hedge funds.
Did the U.S. government have to pay 100 cents on the dollar when AIG was unable to pay what it owed. Absolutely not. It could have negotiated prudently on behalf of the taxpayer. Instead, it doled out at least $93.2 billion as payment in full to banks and hedge funds, of which Citadel received at least $200 million. We say, at least, because all U.S. taxpayers are allowed to know in this matter by their government is what happened during that brief window of September 18 to December 12, 2008.
When it comes to Citadel, there is plenty more the government won’t tell the public. In 2014 the Securities and Exchange Commission refused our Freedom of Information Act request to learn how the dark pool operated by Citadel functions. What we did learn during our investigation is that Citadel has a history of fines over charges of serious trading violations. Read our in-depth report here.
We also know from media reports that in 2006, two years before Citadel got $200 million of what was effectively a taxpayer bailout, Griffin and his former wife paid $80 million for a Jasper Johns painting titled “False Start.” We also know that as of this past January, courtesy of the Chicago Tribune, Griffin cashed out one of his full-floor condominiums in the Waldorf Astoria in Chicago for $16 million but still owns another full-floor condo there. The newspaper also reveals that Griffin additionally owns: “two full-floor units in the Park Tower [Chicago] — both the 67th floor and the full-floor, 66th-floor unit, which Griffin bought in 2012 for $15 million. He also owns homes in Aspen, Colo., Hawaii and Florida. Topping all of this is his recently reported, $200 million purchase of three full floors of a luxury condo tower under construction at 220 Central Park South in midtown Manhattan.”
Ken Griffin has bounced back nicely from the 2008 crash on Wall Street – unlike millions of other Americans who did not get a bailout and lost the single home they owned to foreclosure and robo-signed fake documents.
One of the reasons that Ken Griffin’s net worth has more than doubled from $3.7 billion in 2008 to today’s $7.6 billion, is that he pays taxes on his hedge fund winnings at a tax rate lower than that paid by plumbers and nurses. The tax dodge is respectably called “carried interest.” Economist Dean Baker has written an understandable article on the topic at Huffington Post, in which he crystallizes the tax dodge as follows:
“Many issues in tax law are complicated; the fund managers’ tax break is not. It’s just a good old-fashioned rip-off of ordinary taxpayers for the benefit of the wealthy. The basic point is very simple. The fund managers’ tax break allows managers of hedge funds, private equity funds, and various other investment funds to have much of their pay taxed at the capital gains tax rate rather than the tax rate applied to wage income.”
How does such a tax ripoff continue in an economy that can’t get out of a subpar two percent or less growth rate and a nation crippled under a $19 trillion debt load, which in no small part results from the 2008 Wall Street crash, bailouts and stimulus packages? When you’re a billionaire, subsidized by the wage-earning taxpayer, you have lots of money to throw around in the world of politics.
According to Mother Jones, Ken Griffin’s name appeared on the 2014 list of the movers and shakers that had private meetings scheduled with the Koch brothers to plot how to make sure the 2014 midterm elections came out to their liking.
And, of course, it also helps to have the quintessential bailout king on your payroll just in case another crisis occurs. Last April, Citadel issued a press release announcing that former Fed Chairman, Ben Bernanke, would move to the payroll of Citadel as an outside Senior Advisor. Bernanke presided over the largest secret bailout of Wall Street and foreign banks in U.S. history, requiring Bloomberg News to fight for years in court to uncover at least some of the truth.
Fortune Magazine had previously reported that Citadel was holding secret meetings with the Federal Reserve during the Wall Street crisis, writing on December 9, 2008 that “Then there was the most damaging rumor of all: Griffin had been holding ‘secret meetings’ with the Federal Reserve, looking for a bailout.”
We wanted to find out just whom it was that Bernanke had met with during the crisis. We filed a Freedom of Information Act request and waited. When we received Bernanke’s daily appointment calendar in 2014, six long years after the peak of the crisis, it was still heavily redacted, with a whopping 84 meetings between January 1, 2007 and the collapse of Bear Stearns on the weekend of March 15-16, 2008 blacked out.
The anger of the American voter, reflected in their antipathy to anything and anyone considered “establishment,” has been fueled in no small part by an increasingly secret government and a one percent class that has been able to keep it that way.
September 19, 2014 · 10:20 am
It is become beyond dispute that we are being subjugated by a lawless Federal tyranny that we seem powerless to stop.
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. – Declaration of Independence
Part 1: Federal Lawlessness Gives Rise To A Beast
Lawless. That is what the U.S. Government has officially become under the Obama regime. That is not to say that there has not been lawlessness in government until Obama, there has been plenty. The difference is that until 2009 – lawlessness and corruption was never institutionalized. Today it is standard practice at all levels of the federal government, making it the status quo in the highest offices in the land.
This is the core of what Obama really intended with “Fundamental Transformation”
Under his direction and with the assistance of the Ruling Class of both parties, the Federal Government is now a law and power unto itself. The Executive makes laws by decree and empowered unaccountable bureaucrats with law-making ability that according the Constitution is reserved for Congress alone. Such bureaucrats and ‘czars’ now make policy designed to punish, rob and enslave peoples and their property to the whims and dictates of the state without public recourse. Lawlessness that is ignored, excused and said to be ‘necessary’, given lawful legal status via ‘precedent’.
The Congress itself has surrendered almost all it’s power via the Ruling Class in both parties to the Executive Branch, refusing to hold Obama’s regime accountable for clear violations of the Constitution while granting the Executive authority ascribed for Congress alone. From declaring and waging war to ceding it’s taxing and spending power to Obama – the Ruling Class in Congress have abdicated their Constitutional duty. This has enabled a defacto dictatorship that most Americans pretend does not exist.
In Washington, the Constitution is almost wholly ignored, usurped and only referenced when it benefits the protection or imposition of government rule and jurisdiction. Even then, government rule and jurisdiction is often inserted in places it has no lawful authority. Such as the EPA declaring jurisdiction over all water – creeks and streams and even rainwater runoff on private property – in the United States. Such ‘laws’ are often drafted in secret and imposed upon us with little-to-no public input or passed into “law” without a single member of Congress reading the bill.
The 10th Amendment is wholly ignored while courts tell states they have no standing in Federal matters to enforce laws the Obama regime has made policy to ignore. Precedent is now the mechanism upon which rulings are handed down, and policies enacted rather than examination of each through the prism of the Constitution.
This is a candid fact: law in America now is arbitrary, determined to be whatever those in power decree it to be while exempting themselves from those very same laws.
And don’t look to the courts for protection and sanction against a corrupt and totalitarian state – they are part and parcel of foisting it upon us all.
Consider, actual laws passed by the majority of the people in the States are being decreed null and void by an Activist Judiciary and Just-Us Department pushing various agendas from homosexuality, Racial minority preference policies to South American insurgent amnesty. What the voters overwhelming pass via referendum and ballot is overturned and declared a ‘violation of the Constitution’ usually via pretzel twists of logic to justify.
Case-in-point; how many state laws, amendments and bans on homosexual marriage have the courts struck down like dominoes in recent months? The will of the majority is totally ignored and decreed to be void, and those who refuse to comply are being warned they will be forced to accept and perform abomination as a matter of “law”. Justice Ruth Bader Ginsberg violated the Judicial code of conduct by warning the Circuit Court judiciary that it must rule in favor of Homosexual Marriages in several states it is being challenged or face having themselves being ruled against by SCOTUS.
There is a mountain of evidence in our faces that the current federal government is corrupt beyond measure and no longer bound by the rule of law in a civil society as established by our Founders. Indeed it is a doctrine on the Left and often cited by the MarxoFascist politicians in power – that a document written by dead people should have no bearing on the living. This is the actual intent they mean by the term ‘Living Constitution”. It should be ignored, changed or abolished on whatever whim is decided by those in power when it is decreed to be a benefit to “the people” because government should not be “held hostage by a bunch of dead white racist slave-owners”.
And such is the blueprint for totalitarian tyranny and oppression. The kind one finds in Socialist utopias like North Korea and Cuba,
Such is not a Republic. Such is a vile meddlesome “progressive” tyranny of the likes not even the Founders suffered.
The fact is friend, we are a society no longer governed by moral law, but ruled by the tyranny of wicked, unprincipled men that mirrors the basest of society that affords them their seats of power for a promise and a bribe.
The reason for this is that a majority of the American people are no longer governed by God. They pay Him lip service at best and perhaps warm a seat for an hour or two once-a-week, but no longer are living by and promoting His Moral Laws and Authority as Supreme. Churches are shrinking and a growing majority of Americans now claim they are ‘spiritual’ rather than beholden to biblical foundations. The zeitgeist promoted by the media and entertainment is that Government is now god; the arbiter of morality and fairness. In this devolution of society, the federal beast became self-aware of it’s need to dominate all life and behavior in the country and is acting on that inherent desire to rule.
Such a government is a blasphemy to a Biblically-adherent people, and it’s institutionalized corruption and promotion of wickedness renders it illegitimate.
There are many candid facts in recent news that make the illegitimacy of this government self-evident. I’ll cite just two, but I am certain you would be able to find myriad such examples to illustrate the fact that the current federal government in Washington D.C. has no legitimate moral authority over a people it now rules rather than represents.
The greatest illustration of the fact the federal government is now lawless, can be seen by the IRS scandal whereby the Executive and his party used the agency to intimidate, harass and punish Americans who are considered to be political opponents of Obama and his party.
The most feared federal agency in the United States is the IRS, which has the power to seize everything you own and every thing your posterity will ever own, including rendering you to prison – where you are guilty until proving your innocence in tax court. Most Americans comply with the IRS out of fear, not out of respect. A real and present danger is that we are growing complacent by the precedent of the IRS being used as a political weapon at the same time it absolves itself from the same requirements mandated upon the citizenry.
In a Congressional investigation of the abuses at the IRS, the agency’s heads not only asserted that they are above the law, but insinuated that the law is not applicable to them. When hard drives were demanded, they asserted the drives were ‘damaged’ and the e-mail evidence sought by Investigators, “lost”, negating to report the “loss” in violation of the Federal Records Act since that evidence was under subpoena.
If the NSA has copies of every email on this planet from the service vendors, from every citizen’s electronic communication, there is without a doubt copies of her emails on some server somewhere. But the entire regime from Obama to the InJustice Department is concealing, obstructing and conspiring. That truth became evident in an admission from Obama’s Just-Us department itself: DOJ Admits Lois Lerner’s E-mails Exist – But Refuses To Retrieve or Release Them To Investigators.
Now there is a deliberate pattern of this excuse after the IRS now claims that it has lost MORE emails from FIVE other IRS agents involved in specific congressional probes into the agency’s targeting of conservative groups. These include the IRS employees in Cincinnati who were initially blamed for the scandal, and their e-mails to Lois Lerner and other high-up officers in the IRS that were under subpoena have ‘gone missing’.
Every official testifying before Congress, including Koskinen has committed and is committing perjury on this. He stated yesterday, that not only did the IRS lose subpoenaed files from Lois Lerner’s crashed computer hard drive, but the same fate befell her Blackberry which Koskinen stated was destroyed reiterating that there is no outside system to store agency emails. The IRS chief stated before the Investigative hearing; “Hard drive crashes continue as we speak”. Yet you try to use that same excuse for your tax return, and the full weight and might of punishment is brought to bear upon you.
As expected, the Praetorian Media for Obama has refused to report the story – and the facts are lost in a cacophony of government delay and distraction tactics. The DOJ investigation itself is corrupted while the IRS continues to be used as a weapon of intimidation by Obama and his party.
You would think that such a government agency would maintain it’s integrity to the law so as to affect voluntary compliance with the law. We might say that if the IRS no longer follows the law and instead follows a policy to punish political enemies of Obama and the Democrats, why should you or I follow the law they are in charge of enforcing???
The answer to that is because ‘voluntary’ is no longer a consideration. ‘FORCED COMPLIANCE’ is the intent and as such, laws are arbitrary and irrelevant in carrying out an agenda.
According to the IRS director himself, the IRS is no longer bound by the laws that bind you and I. He stated before a Congressional hearing that “Wherever [they] can, we follow the law” in reference to the fact it had violated the law and inferring the IRS can choose not to follow the law if it deems it imprudent.
The implication is that it is simply impossible for a federal agency to follow the law, yet the IRS is authorized to punish any citizen who violates tax law, knowingly or unknowingly.
Now perhaps you might begin to understand why a lawless regime and party put the IRS in charge of mandating compliance with ObamaCare.
This is just the IRS scandal. What about federal agencies that are now tasked with implementing Obama’s ideological agenda rather than upholding the law?
EPA Abolishment of your rights.
The IRS is not the only Federal agency run by the Executive that has been used by Obama as a weapon.
Here’s another Federal agency, unaccountable to the American people, defying laws and being used as a weapon to harass and intimidate political opponents, chosen objects for policy implementation and a vehicle to strip away your right to property without compensation or recourse.
In a move lawmakers and farmers are calling “the biggest land grab in the history of the world,” the Environmental Protection Agency is requesting jurisdiction over all public and private streams in the United States that are “intermittent, seasonal and rain-dependent.” Control all the water, you control all life. That it seems is the agenda and the intent under the guise of ‘environmental justice’.
Your Constitutional Right to be secure in your property, or to be fairly compensated monetarily for it – no longer applies, because EPA policy trumps the Constitution. I’m not even listing all the recent news about the EPA following Obama’s dictates to shut down electricity plants and coal mines with regulations and requirements so ridiculous that it is obvious to any honest observer that the intent is to destroy the people’s access to affordable electricity. But a mechanism without public oversight or recourse to strip from you, your property and it’s use over ‘water rights’ is no different than if your property was just seized from you at gunpoint because the government decided the tax revenue of your property in the hands of developers is worth more money to them. Oh wait, that’s a real deal too.
These are just two citations of two federal government entities that do not respect or follow the Supreme Law of the Land, and are being used to impose overt tyranny upon us. I could write a blog that would encompass a volume of such instances – but these two illustrate with perfect clarity – that the federal government is completely and totally lawless, implementing tyranny disguised as law. Imposing it in such a way as to be accepted without resistance by a people they seek to rule, and not represent.
Obama has said strategically: “The government is us”. For all the claims of Obama being inept, this statement alone reveals the ingenious mindset of imposing a tyranny.
The insidious purpose of this statement is to equate liberty with government. On one side of his face Obama says tyranny of government is impossible because the government “is us”. Creating the illusion that your neighbors support what is being done to you and it is for your own good. The statement is intended for all to accept the belief that the bigger and more intrusive the government (defined as ‘success’), the more liberty you will have. Any failings or misery are because of the people who will not support the government’s rule and imposition of it’s will, not that government itself is ever to blame. History teaches that despotic leaders use this technique to great effect; creating the illusion that all powerful government is freedom and that the majority WANTS the tyranny being imposed. The acceptance of that mindset is how Beasts of oppression are able to operate without fear of those they intend to subjugate.
The technique is to get the people to believe is that what is being done by government is of the people and therefore everything they do, legitimate.
Even when the government trods upon the Laws of God, of nature and the Constitution.
Since the Federal Government has made it policy to trod upon those things, I declare they no longer have any legitimate moral authority over a people who are beholden to the Laws of God, of nature and the Constitution.
So what to do? What is our recourse? Do we submit and kneel to this? Do we do as Europeans and accept tyranny and corruption as the ‘new normal’? Do we throw up our hands and say “Oh well” consigning our posterity to a lifetime of misery? Do we embrace it and hope to get a parcel of redistributed wealth, property and provision? Do we revolt? How do we revolt? Do we just take to the streets and sow mayhem like we saw in Ferguson, MO??
No. None of the above.
The amazing thing is that most Americans have become totally ignorant of their history and the answer to what we should do now is contained there.
Scripture tells us in Hosea 4:6 –
“My people are destroyed for lack of knowledge. Because you have rejected knowledge, I also will reject you from being My priest. Since you have forgotten the law of your God, I also will forget your children.”
First we must understand out history and the mindset our Founders once had; a mindset they possessed because their main source of knowledge was the bible, followed by the understanding of history and human nature.
The first battle to be won in any war is of and for the mind. We have to come to an understanding and consensus of agreement that leads directly into courses of action We The People are able and willing and justified to take if we want any hope of holding onto what is left of our liberty.
January 7, 2015 · 9:09 pm
The Federal Behemoth in Washington no longer has any legitimate authority over a free people. So what now? Our own history provides the answer.
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. – Declaration of Independence
Part 2: What Do We Do Now?
In Part 1 of this essay, I laid out the evidence that the federal government is being run by an ideological oligarchy that has corrupted the entire institution of national government and grown into a tyranny. I specifically cited two examples of federal agencies that are completely lawless and being used as weapons against the American people to abolish Constitutional rights. That was last quarter of last year.
Today the examples are tenfold what they were when I originally wrote the essay. The Executive power issues decrees, not even Executive Orders anymore – just “memoranda” that is then carried out as if it was ratified by every person in the legislature. The Congress passes omnibus spending resolutions without a single member reading the thousands of pages of moneys robbed and spent from We The People into unpayable mountains of debt in the tens of trillions; when the people overwhelmingly vote representatives into office to STOP this descent into tyranny – they are immediately corrupted and threatened with punishment if they do not obey the will of the Ruling Class leadership and fall into line like seig-heiling zombies.
The plain truth is this, whether you will admit it openly or not: the federal government can no longer be trusted to safeguard our rights, our liberties or the rule of law to effect our happiness OR our security (open borders with Executive Amnesty decreed anyone?). It has abused and usurped power from the people to implement a design to reduce us all under absolute Despotism. It has made itself above the Law, outside the Law and a law unto itself. In short, it is no different than if the Mafia had taken over the nation.
So what can we do? The Declaration of Independence states that we have a duty to fulfill in the case of tyranny. The argument being waged among those of us who recognize where we have arrived, is what form of ‘throwing off such government’ entails in this ‘enlightened age? Some point to elections and civility within the existing system as our path to throwing off a tyrannical yoke. Let’s take a look at those arguments.
Some say write and call your federal Representatives. I cannot think of anything that resembles passing wind better than this suggestion. I offer that this is as ineffectual as sending another Olive Branch Petition to the Throne of King George. The results will be the same; repeated injury en masse. For petitioning our rulers for a redress of grievances is now being met with the same contempt and charge of sedition as it was when George III did it. Or to use the same phrase as the Declaration: repeated injury.
Some say protest. Another wasted effort. The amount of disdain and contempt by the Ruling Class for liberty-minded Americans and Conservative Christians is off the scale. When hundreds of thousands took the steps of the Capitol to protest ObamaCare and flooded town hall meetings, the Ruling Class ignored and demonized them declaring them to be ‘terrorists’ . When citizens called their representatives to complain, phones are left unanswered or off the hook and e-mailboxes are left full without reply. If an answer is received, often it is a useless form letter or repeated injury.
Some say elect more Republicans. Well, we have over 20 years of results by a people who have been doing so, and I say that is a proven exercise in practicing insanity. The GOP and the nation continue to pick up speed Leftward, until today we are fundamentally transformed into a Marxist/Fascist oligarchy.
The last election more than showcased the fact that the Will of The People will be ignored, undermined and thwarted each time the Oligarchy decides it will not allow itself to be restrained by The People.
So what shall we do? Is it time to grab your gun, pitchforks and torches and head to the village green to face the Redcoats? That history is certainly growing in consideration among many.
Some will argue and rightfully so, that such an acton would give the Fascist juggernaut now ruling us the justification to do what they have already prepared to do to put down their political enemies and create the climate of fear that is next on the schedule to be implemented in the nation to criminalize the very spirit that birthed the nation.
So then what now? Do we do nothing? Do we just keep voting in this shell game of a corrupted system and blindly hope that someday, someone will do something that is not an attack on liberty?
What can we do in the face of our nation being fundamentally transformed into an Imperial Marxist/Fascist Oligarchy with a Roman-esue Senate doing the bidding of a Caesar with Praetorians in the media and every federal agency ready to pounce on whomever is targeted on command?
Our own history provides the answer to what God Himself honored in granting a determined bunch of farmers willing to sacrifice everything, a victory over the greatest military might on earth at the time.
The answer is this: We refuse to comply with edicts from the Federal Beast. We ignore unjust “laws” and “requirements” that contravene the Laws of God, the Constitution and your natural rights as established by God. We no longer consent to be governed by such a tyrannical cabal and as such, we from this point forward, refuse to comply with it. We must remind ourselves that ‘It is better to obey God than men’ (Acts 5:29) as scripture says. He is Our Sovereign, not the regime and it’s proponents now attempting to rule us.
That is what we must do.
And make no mistake, you will be called an insurrectionist, a rebel, a domestic terrorist for daring to defy the bullies in D.C., to which I offer this wisdom from Benjamin Franklin “Disobedience to tyrants is obedience to God”. I state again, the entire Federal Governmental Beast is become tyrannical.
From a purely secular standpoint – since all the branches of the Federal Government can ignore the Supreme Law of the Land; refuse to comply with it’s limitations; decide not to enforce ‘laws’ they do not agree with; and issue decrees of new laws that contravene the existing Constitution; deem treaties signed by the Executive without Congressional ratification ‘law’ – why then are the people obligated to follow what the Rulers on High demand? Can we not also ignore their “laws”; refuse to comply with their edicts; decide not to obey “laws” we do not agree with and deem ‘memoranda’ issued by executive decree unlawful and of no effect? Or have we truly arrived at the time where law only applies to the “little people”; we serfs ruled on high by a Ruling Caste? Are some animals more equal than others in this fundamentally transformed nation?
The answer is obviously ‘yes’ to the latter judging facts and events currently ongoing.
Yet let this truth ring in your ears: a gun to our proverbial heads is the only power a tyranny such as the current Federal Government has over us.
Read that again and let it sink in: the only power the current Federal Government has over us, is a gun to our head with the threat to pull the trigger and put us down. All they have is the threat to strip you of your wealth, property and life at the end of the guns that serve the state and the Caesar. That is the only power they now have.
It no longer has any legitimate authority under Heaven, or the Constitution they have usurped and ignored, therefore We are no longer obligated under Heaven to abide such a tyranny.
From a biblical standpoint the question becomes; are we obligated to subject ourselves to governing authorities that are tyrannical and contravene the Laws of God and our rights?
I know I know, Pastors are busy preaching Romans 13 from the pulpits on orders from the government and some have been ordered to turn over their sermons to government officials. Still many more are enslaved to the understanding that to defy any government authority is rebelling against God.
However, I hold that the Romans 13 argument in the context of obeying THIS CURRENT federal beast, is bogus. Romans 13 specifically tells us that Authorities under God exist to punish evil. What happens when a government authority becomes perverted and celebrates evil and exists to punish the God-fearing? Are we still supposed to submit to that? Are edicts and “laws” passed by such an entity biblically required of Christ followers to obey?
In the understanding of what our Founders wrote on the subject, any order or “law” that contravenes God’s Holy Laws and statutes and principles is not a “law” at all, it is forced sin by government upon those they demand follow it. To them, Galatians 5:1 ended the Quaker argument for obedience to tyranny. For they saw physical tyranny as no different than spiritual sin. Most of them understood a physical tyranny such as they were suffering was the direct result of the sin of the whole people, and the 1760’s were filled with the call from pulpits to get the Colonies to repent and become the instruments against sin and tyranny they felt they needed to be. That became the First Great Awakening.
Yet Pastors today preach that we must submit to such tyranny and limit our duty to praying for Obama and Congress? I believe those that erroneously follow this bogus argument end up making the government their god, thus breaking the First Commandment. Submitting to tyranny is not of God, but of Satan. For tyranny sins against Nature’s God and violates the natural Rights endowed upon His People. As Christians, we have a duty to DEFY and DISOBEY such tyranny, and we have historical precedent for such duties to be blessed by God.
Jonathan Mayhew, one of the first pastors in America to fire the first spiritual volley against the tyranny of the Crown in 1750, spoke at the Old West Church in Boston to lay out the biblical case for disobeying a tyrant and arguing against the Quaker insistence that Romans 13 be followed to the utter end.
As soon as the prince sets himself up above law, he loses the king in the tyrant. He does, to all intents and purposes, unking himself by acting out of and beyond that sphere which the constitution allows him to move in; and in such cases he has no more right to be obeyed than any inferior officer who acts beyond his commission. – Jonathan Mayhew, 1750, ” Discourse Concerning Unlimited Submission“
Americans have to come to understand and believe this same thing, before anything else can be done about what we currently are begin ruled by. Let this sink in a moment and let me paraphrase Mayhew’s admonition in modern American English; Americans have to come to understand that Obama and the Oligarchy in Congress have set themselves up above the Law, and because they have done this, they have lost the authority in their tyranny. They have, to all intents and purposes, delegitimized themselves by acting out of and beyond the sphere which the Constitution has allowed them to move in; and in this case they have no more right to be obeyed than any officer who acts beyond their commission.
Understand this; when the government no longer has any legitimate authority over you, all it has in its disposal is brutal force waged at the end of a gun to force it’s will upon you. At one time we used to recognize that as abject tyranny. But no wonder, our people no longer recognize sin as biblically defined, and instead have called evil good, and good, evil. It therefore follows that a majority of our people also do not recognize we are being ruled by a tyranny. Since Satan is a tyrant and his devices are the instruments of subjugation and slavery – is it no coincidence so many Americans are ignorant of similar devices and instruments being used by government to enslave them?
For those of us NOT ignorant of these devices and what now has established itself over us, how do we respond to a tyranny that they think is ‘elected’ to do as it pleases to us? A government that states it has lawful ‘precedent’ to tyrannize us because it is what “the people” want.
Obama said strategically: “The government is us” for the insidious purpose of asserting that the everyone supports government and therefore everything government does, whether tyrannical or not, is legitimate.
Getting a mob on the side of tyranny is a fundamental function of a despotic Oligarchy. To create the illusion that anyone standing up for what is right, is the problem. A problem that the people will applaud the tyranny to ‘take care of’. An approval of a final solution to what the power of the state deems a threat to themselves.
Hitler, Mussolini, Stalin, Pol Pot, Castro and the host of the last few generations of despotic Socialist dictators have all used this same tactic to great effect.
So ask yourself, do we submit to the threat of impoverishment, destitution, bodily harm and death in the vain hope of remaining unscathed? Have we become ignorant of what ‘We pledge our lives, fortunes and sacred honor’ meant? Have we gone so far as to accept that this government is there for our good? If we do, we break the First Commandment by allowing government to become our god, no different than if Shaadrack, Meschak and Abednego had complied with Nebuchadnezzar and bowed to the image of gold. Submitting to tyranny therefore is breaking the first Commandment. This was the staunch belief of those who fought the lawful, legal authority of the Crown of England over the Colonies.
My countrymen, we are dealing with a Beast. One that not only contravenes it’s established authority within the bounds of the Constitution, but the Federal Beast defies The Most High’s Authority with the agenda it has foisted upon the nation.
When King George III and his Parliament issued the Stamp Act, the Tea Act, and the Intolerable Acts – the Colonists openly defied and refused to comply with those decrees. Instructively, upon the establishment of the Tea Act, the Sons of Liberty famously chucked all the tea from the East India Tea Company that the Crown was forcing on the Colonists, into Boston Harbor in 1773 – rather than pay the tax. This resulted in the blockade of Boston and an ensuing siege intended to starve Massachusetts into submission.
Notice the order of events in this history: the tyranny of the governing authority issues decrees that trod upon the inalienable rights of the people. The People eventually refuse to comply with those decrees and openly defy them. The Authority then invokes punitive and punishing measures against those that dare defy them. They attempt impoverishment, Siege and privation. Then, if the subjects still refuse to submit and bow down, force of arms is deployed to put down their ‘rebellion’ – with the intent to kill and imprison any who dare challenge the authority.
It is at that stage, and at that point that the God-ordained inviolate Right of self defense is authorized, and indeed was used against the governing authorities. To be blunt – when the tyrants sent armed shock troops to seize their weapons and force them to comply at gunpoint and occupation – the Colonists resisted the authority of the crown with lethal means.
Which by the way, is the ENTIRE reason and purpose of the Second Amendment, and trust me when I say that the Regime in power will eliminate that Right as soon as they are able to do so because they KNOW what the intent of that Amendment is, which is why every single despotic regime that comes into power ALWAYS disarms the very people they intend to destroy.
So again, what do we do now?
We do as our forbears. We should first repent of our individual sins, work towards national repentance – and refuse to comply with the wickedness and tyranny being foisted on us by Imperial decree. As history teaches, a tyranny will never abide or allow a people who refuse to comply with it’s edicts and demands. They will crush such people and/or force them to comply by imposing every form of despotism, punishment and threat it has at it’s disposal.
Nothing new under the sun. Our Founders understood that completely.
When the Signers of the Declaration declared their vote for Independence and put their names to the parchment, it was not lost on a single one of them the gravity of what they had just done. They understood that in all practicality, they just signed their own death warrants. A long silence settled on the Continental Congress as everyone silently contemplated what their action would result in. The quiet was broken by Samuel Adams who defined what it was that they had really just accomplished by voting to rebel and defy the King and Parliament. He said:
“We have this day restored the Sovereign to Whom all men ought to be obedient. He reigns in heaven and from the rising to the setting of the sun, let His kingdom come.” – Samuel Adams July 4th, 1776
The revolution against the lawful authority of a government that became a tyranny was a direct affirmation that the King and parliament had usurped God’s Sovereignty over His People. Refusing to comply, and then resisting the force being sent to subjugate them – was a solemn duty for the Christian, and it was that understanding and determination that led to the willing sacrifices to establish liberty on this land.
Sadly, human nature has not changed in 238 years, and neither has man’s desire to rule over others. America was an anomaly in all written human history, yet today we willingly have surrendered ourselves to the very system that has enslaved people since The Garden, submitting to a government that makes itself absolute ruler. A free people should only ever remain beholden to the Supreme Governor of the Universe, not submitting itself to a tyranny that stands for overt sin, wickedness, corruption and greed.
Know this truth – a people who will not be governed by God, will be ruled by the tyranny of men.
If we would be free indeed, then submitting to God first is our duty – and then to stand against any encroachment made against it by every and all means.
Our history gives us the clear blueprint of what we can and should do from this point forward, in resisting tyranny. The tyranny we suffer today may actually be insidiously worse than what the Colonists endured, because so many refuse to see it as a tyranny.
C.S. Lewis adroitly notes the kind of ‘soft tyranny’ that Alexis DeToqueville warned about:
“Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. They may be more likely to go to Heaven yet at the same time likelier to make a Hell of earth. This very kindness stings with intolerable insult. To be “cured” against one’s will and cured of states which we may not regard as disease is to be put on a level of those who have not yet reached the age of reason or those who never will; to be classed with infants, imbeciles, and domestic animals.”
The soft tyranny that we have allowed ourselves to live under is now morphing into a police state that has iron fists staged all over the nation. We either refuse to comply and be ready to suffer the inevitable efforts of punishment by the illegitimate authority in the righteous cause of Restoring The Sovereign in our lives. Or we surrender to the tyranny of men and the god they have erected to subjugate us.
Refuse. Defy. Then, when the tyrants send agents of the state to force it’s will, Resist.
Will we cry “Give us Liberty or give us Death!” or will we cry “Give us the promise of bread so we can live!”??
It is up to us now to decide how we will respond to tyranny, for assuredly those in power have already decided how they intend to deal with you.
The evidence? Among the reasons cited was McFaul’s work in Russia in 1992 for the National Democratic Institute (NDI), a U.S. pro-democracy organization the Russian television commentator alleged was “close” to U.S. intelligence agencies.
In another part of the world, Egypt recently took its long-term hostility to the NDI and other U.S. government-funded democracy-building groups to a whole new level.
Egyptian authorities raided the groups’ offices and placed travel bans on at least 19 U.S. citizens. The cases have been referred to criminal court.
For decades, U.S. organizations like the NDI, the International Republican Institute and Freedom House have promoted democracy and human rights around the world, from Russia and other former Soviet states to the nations swept by the “Arab spring” upheavals of the past year.
But some of their activities, such as monitoring elections and helping to develop political parties, are not universally appreciated in host countries. In nations where the transition to democracy is incomplete, the welcome mat can be quite small.
Governments in places like Egypt, which is still run by military rulers, and Russia, which has been dominated by Prime Minister Vladimir Putin for over a decade, often see democracy-building activities as a threat to their grip on power.
“Authoritarian regimes don’t like sharing power with their people – and they look for any excuse to distract from their problems at home,” said Brian Katulis, a senior fellow at the Center for American Progress think tank who worked for NDI in the West Bank, Gaza and Cairo from 1995 to 1998.
And the 2003 U.S. invasion of Iraq, which sparked deadly sectarian warfare and messy American attempts to build an Iraqi democracy, sparked a decline in global trust in U.S. pro-democracy efforts, experts said.
“In the best circumstances – think sub-Saharan Africa – the U.S. used to be relatively trusted for its far-sighted engagement on all three development fronts – economics, politics and security,” said Paul O’Brien, vice president of policy and advocacy at Oxfam America, an international relief organization.
“As our overall global development agenda has become more short-term and politicized to achieve narrower national interests – think Iraq and Afghanistan – our pro-democracy agenda is less trusted too,” he said.
Some critics of U.S. democracy-building groups say hostility can extend beyond autocrats to average people who don’t want foreigners telling them how to run their lives.
“Egyptians have always been suspicious of outsiders meddling. In Egypt, such meddling is called the ‘invisible hand’ or ‘foreign fingers’,” said Paul Sullivan, a professor and Middle East expert at Georgetown University.
“Any organization that is there to work on the development of voting and political parties is leaving itself open to those suspicions and considerable risk – and not just from the courts and the police,” Sullivan said.
NDI president Ken Wollack denies his organization is meddling, or trying to foment revolution or regime change in any country. “We don’t support revolution” he said. NDI’s programs have always been intended “to support a democratic elections process that reflected the will of the people.”
“People can claim that it’s meddling, but it’s based on certain fundamental principles,” he said, including a universal declaration of human rights adopted by the United Nations.
In Egypt, he said, “Obviously it’s a delicate time, but I think that we’re hoping that through this challenging period that it ultimately will lead to a constructive dialogue between the authorities and groups like ours.”
“These (pro-democracy) organizations do not dictate what kind of leadership, or what kind of elections or the results of the elections,” said Senator John McCain, chairman of the board of IRI. “But they help with voter registration, with campaigning, with constitutions, with all the things that are the fundamentals of democracy,” McCain said in a Senate hallway.
BACKLASH DATING TO AROUND 2005
Since their founding under President Ronald Reagan, the NDI and IRI have worked in more than 100 countries around the world. They have loose ties with the two major American political parties, but are not funded by them. Freedom House is older, dating back to the 1940s.
The groups are known as “non-governmental organizations,” but get most of their funding from the U.S. government – largely from the State Department and the U.S. Agency for International Development. The government funding has sometimes fueled the charge that they are an arm of the U.S. government, or stooges of its intelligence agencies.
Starting around 2005, a backlash emerged in some countries, especially Russia, but also in Central Asia, China and parts of Africa and Latin America, said Thomas Carothers, a leading authority on democracy promotion at the Carnegie Endowment for International Peace.
“The backlash seems to have been at least in part a response to a new harsher perception of democracy promotion due to its close association with the war in Iraq,” Carothers said.
He cited former President George W. Bush saying the Iraq war “was all about democracy promotion – as well as the belief by some governments that the ‘color’ revolutions in Georgia and Ukraine were caused by U.S. assistance to political and civic actors in those countries,” he said.
However, he added, the U.S. efforts in Georgia and Ukraine “were at most a modest helping hand to domestic political actors who did the hard work and took the risks themselves.” Political tumult in Georgia and Ukraine in the last decade became known as the “Rose” and “Orange” revolutions, respectively.
AID, TIES WITH EGYPT THREATENED
The U.S. confrontation with Egypt over its treatment of pro-democracy groups is threatening longstanding U.S. ties with that country.
U.S. military aid to Egypt, about $1.3 billion annually in recent years, is in jeopardy, Congress and the Obama administration say. Lawmakers are furious with the Egyptians; Senator John Kerry called the idea that Americans would be prosecuted there a “slap in the face.”
A solution has not yet been found. But in the longer term, after the crisis with Egypt, the United States may want to re-examine how it funds pro-democracy groups, perhaps channeling more money to local ones in the countries concerned, suggested Julie Taylor, a political scientist focusing on Middle East at Rand Corporation.
“Egypt has its own civil society and human rights organizations that are very effective and they work on these same issues and they have greater legitimacy than the U.S. organizations. The presence of U.S. organizations ends up undermining the activities and security of domestic human rights and democracy promotion organizations in Egypt,” she said.
Carothers said U.S. pro-democracy groups can alleviate some of the concern in host countries by being as transparent as possible about their work and by being nonpartisan when they work with political parties competing in an electoral process.
“But given the inherent tensions between an authoritarian or semi-authoritarian government and the goals of outside democracy supporters, there will likely continue to be conflicts over such work,” he said.
- Who Commissioned Us to Remake the World?…Seriously. (therearenosunglasses.wordpress.com)
- Egyptian raids on U.S. NGOs conducted ‘according to the law,’ judge says (news.nationalpost.com)
- Both International Republican Institute (IRI) and National Democratic Institute (NDI) Agitate Citizen Activists (therearenosunglasses.wordpress.com)
The U.S. Government Funded the Iranian Terrorist Group Which “Found” The Documents Upon Which the Warmongers Are Relying
Submitted by George Washington on 01/15/2012 15:33 –0500
The IAEA report being trumpted as a casus belli contains no new information, but is based on a re-hashing of old, debunked claims stemming from “laptop documents”.
Wikileaks documents reveal that the new IAEA head was heavily backed by the U.S., based upon his promises of fealty to the U.S. Indeed, as we’ve seen in the nuclear energy arena, the IAEA is not a neutral, fact-based organization, but a wholly-captured, political agency.
But where did the documents come from originally?
As Gareth Porter noted in 2008:
The George W. Bush administration has long pushed the “laptop documents” – 1,000 pages of technical documents supposedly from a stolen Iranian laptop – as hard evidence of Iranian intentions to build a nuclear weapon. Now charges based on those documents pose the only remaining obstacles to the International Atomic Energy Agency (IAEA) declaring that Iran has resolved all unanswered questions about its nuclear programme.
But those documents have long been regarded with great suspicion by U.S. and foreign analysts. German officials have identified the source of the laptop documents in November 2004 as the Mujahideen e Khalq (MEK), which along with its political arm, the National Council of Resistance in Iran (NCRI), is listed by the U.S. State Department as a terrorist organisation.
And the New York Times, Washington Post and others are reporting that Rudy Giuliani, former Homeland Security Secretary Tom Ridge, former national security adviser Fran Townsend and former Attorney General Michael Mukasey are supporting the MEK as well.
So the terrorist group which “found” the documents is funded by neoconservatives who want to overthrow Iran. What a coincidence!
And as Gareth Porter notes in the above-linked article, the Mossad may have created the documents in the first place:
There are some indications, moreover, that the MEK obtained the documents not from an Iranian source but from Israel’s Mossad.
One thing is clear: the U.S. and its allies have a long history of using forged documents as an excuse for war.
- Report: Israel Engaged in False Flag Operation to Foment Terrorist Attacks Inside Iran (news.firedoglake.com)
- PressTV: ‘IAEA inspectors abetted terrorists’ (jhaines6.wordpress.com)
- Who’s Running Covert Ops Against Iran? the Obama Administration Protests Too Little. (alethonews.wordpress.com)
- IAEA Said to Agree to Meeting With Iran at End of January (businessweek.com)
- Iranian media call for revenge for scientist killings, as leaders seem to … – Fox News (foxnews.com)
- Iran threatens Israel, U.S. over scientist killing (cnn.com)
- Is America Helping Israel Kill Iranian Scientists? The View from Iran (theatlantic.com)
Now that 60 Minutes has done a report on Congressional Insider Trading, the whole country is buzzing about their financial holdings.
Source – Money Game
- ’60 Minutes’ Blows The Lid Off Congressional Insider Trading (businessinsider.com)
- Congressional Insider Trading Gone Wild (zerohedge.com)
The United States is suffering from high unemployment, high energy prices, stagnant economic growth, and a massive budget deficit.
By expediting the development of offshore oil resources, the government could tackle all four of these problems simultaneously. Yet for some reason, the Administration continues to drag its feet.
In contrast, the Cuban government has no problem providing a hungry world with more oil. This is leading to an awkward situation indeed, especially when some experts who recently visited Cuba report that the Havana government is taking the project seriously and is heeding the lessons of the BP spill.
Rather than taking the Cuban move as a kick in the pants to expedite comparable American efforts, the U.S. government did what it does best—threaten punishment on private companies for daring to provide the world with more energy. According to a story from The Hill:
A bipartisan group of 34 House members is pressuring Spanish oil giant Repsol to abandon its plans to drill in deep waters off Cuba’s northern coast, warning that the company could face liability in U.S. courts.
Their letter to Repsol—which warns that its plans will “provide direct financial benefit to the Castro dictatorship”—joins existing concerns about the environmental risk of spills in the waters 60 miles from Florida’s coast.
As to current law, Repsol may be in jeopardy of subjecting itself and its affiliates to criminal and civil liability in U.S. courts. Violations of the Trading with the Enemy Act, the Cuban Liberty and Democratic Solidarity Act (LIBERTAD), the Alien Tort Claims Act and the Trade Sanctions Reform and Enforcement Act can lead to serious ramifications for individuals or businesses that deal with the Cuban regime. Additionally, there are only four U.S.-designated State Sponsors of Terrorism, and the laws that regulate commercial transactions with them, and the grave civil and criminal penalties that those laws impose, are comprehensive.
Repsol plans to begin looking for oil off Cuba’s coast as soon as late 2011, according to press reports.
This is not the place to discuss the pros and cons of the U.S. embargo on Cuba, except to say that if the original purpose of the 1960s policy was to hurt the Castro regime, it doesn’t seem to be working too well.
The important lesson for today is that the other governments of the world aren’t nearly as foolish as the Americans’. They recognize that when you have valuable natural resources located in your jurisdiction, it makes sense to go ahead and develop them.
The U.S. government can continue wagging its finger at everybody else, and lecturing them on how they should emulate our great example in government investments in renewables…or American officials might decide to unshackle entrepreneurs to create jobs and cheaper energy.
- U.S. Legislators Want Repsol to Leave Cuba (mb50.wordpress.com)
- Want to drill in Cuban waters? Perhaps forget doing business in the United States then… (gcaptain.com)
- Don’t talk oil with Cuba, lawmaker warns (mb50.wordpress.com)
- Chinese-built oil rig setting sail for Cuban waters (mb50.wordpress.com)
- Drill, Bebé, Drill (mb50.wordpress.com)
- Cuba Chases 5 Billion Barrels of Undiscovered Oil; U.S. Intervenes (forbes.com)
- US experts eye Cuba oil plans after BP spill (mb50.wordpress.com)
- U.S. Oil-Spill Experts to Visit Cuba (cubastation.wordpress.com)
It really is hard to find the words to describe the true horror of the national debt of the U.S.
Sunday, July 31st, 2011
The U.S. government has been on the greatest debt binge in all of human history, and a day of reckoning is coming that is going to be so painful that it is going to shock America to the core. [Let me explain further.
So says an article* at TheEconomicCollapseBlog.com which Lorimer Wilson, editor of munKNEE.com (It’s all about Money!), has further edited ([ ]), abridged (…) and reformatted below for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. The article goes on to say:
We have lived so far above our means for so long that none of us really has any concept of what “normal” is like anymore. The United States has enjoyed the greatest party in the history of the world, but now this decades-old party is ending and the bills are coming due. Our current system is headed for an inevitable collapse. There is no way of getting around it – a horrific economic collapse is coming [and] it is going to change the world. You better get ready.
It was Dick Cheney who famously said that “deficits don’t matter”. Well, try telling that to the nation of Greece right about now. The horror that Greece is just beginning to experience is a preview of what is going to happen to us as well. Only when it happens to us it is going to be so much worse, because when we go down we are going to bring the entire global financial system down with us.
What we have done to future generations is beyond sickening. Previous generations entrusted to us the greatest economic machine in the history of the world and we destroyed it. Now we are leaving to our children and our grandchildren an economic future that has been totally wiped out and a national debt of more than 14 trillion dollars that we expect them to repay.
In Washington D.C. these days, there is a lot of talk about the debt ceiling but whatever the politicians do, it is not going to solve our debt problems. If the debt ceiling does not get raised, we move the financial pain into the present. World financial markets would crash and that would be followed by a devastating economic nightmare. If we do raise the debt ceiling, that will “kick the can down the road” a little bit farther. However, world financial markets will still crash eventually and our eventual economic nightmare will be even worse.
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Can’t we just “inflate our way” out of debt? No, unfortunately things are just not that easy. If we try to inflate our way out of debt, interest rates will likely rise just as quickly as inflation does, and that would be absolutely catastrophic. Before interest rates even reached 20% we would hit a point where it would take every single dollar taken in by the federal government just to pay the interest on the national debt. Meanwhile, rapidly rising inflation would devastate the value of all of your bank accounts and every other single financial asset that you own. So no, inflating our way out of debt is not going to work.
At the moment, the U.S. federal government is able to borrow gigantic quantities of money at super low interest rates – but when that changes, all hell is going to be unleashed.
[Below is an abbreviated list of 25] statistics about the national debt that are almost too crazy to believe:
- As of June 20th, the U.S. national debt was $14,344,524,186,068.19 [see here for today’s number] yet 30 years ago the U.S. national debt was approximately 14 times smaller.
- It took from the presidency of George Washington to the presidency of Ronald Reagan for the U.S. government to accumulate one trillion dollars of national debt yet since then we have added more than 13 trillion dollars of additional debt.
- During Barack Obama’s first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.
- The U.S. national debt is currently rising by well over 4 billion dollars every single day with the U.S. government borrowing over 2 million more dollars every single minute.
- The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011 [which,] thanks to George W. Bush, Barack Obama and the U.S. Congress, U.S. taxpayers are guaranteeing. This is debt that is not even included in the $14.3 trillion national debt figure.
- Interest on the national debt and mandatory spending on entitlement programs will absorb approximately 92 cents of every dollar of federal revenue by the year 2019.
- Between 2007 and 2010, U.S. GDP grew by only 4.26%, but the U.S. national debt soared by 61% during that same time period.
- The U.S. national debt has increased in size for 54 years in a row.
- If you divide up the national debt equally among all U.S. households, each one owes over $125,000 and it has gone up by $29,660 per household since Barack Obama signed the economic stimulus law.
- The U.S. government spent over 413 billion dollars on interest on the national debt during fiscal 2010 and it is projected that by the year 2021, interest payments on the national debt will amount to $1.1 trillion dollars a year.
- U.S. national debt will rise to about 400 percent of GDP by the year 2050.
- Some experts estimate that the unfunded liabilities of the U.S. government for programs such as Social Security and Medicare are in the neighborhood of 60 trillion dollars. Other experts claim that the total for federal government unfunded liabilities could be well over $100 trillion but what almost everyone agrees on is that it is going to be virtually impossible to even come close to meeting all of those obligations.
- Approximately one out of every four dollars that the U.S. government borrows goes to pay the interest on the national debt.
- The U.S. government currently has to borrow approximately 41 cents of every single dollar that it spends.
- If interest rates were to move back to 5% (2006 levels) it would increase annual U.S. interest expense by almost $700 billion annually. This is against current U.S. government tax revenues of $2.228 trillion (CBO FY 2011 forecast).
- If the U.S. government was forced to use GAAP accounting principles (like all publicly-traded corporations must), the U.S. government budget deficit would be somewhere in the neighborhood of $4 trillion to $5 trillion each and every year.
- Mandatory federal spending is going to surpass total federal revenue for the first time ever in this fiscal year. That was not supposed to happen until 50 years from now.
- In 1980, government transfer payments accounted for just 11.7% of all income. Today, government transfer payments account for 18.4% of all income.
- U.S. households are now actually receiving more money from the U.S. government than they are paying to the government in taxes.
- 59 percent of all Americans now receive money from the federal government in one form or another.
- Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid.
- Back in 1950, each retiree’s Social Security benefit was paid for by approximately 16 workers. Today, each retiree’s Social Security benefit is paid for by approximately 3.3 workers. By 2025 it is projected that there will be approximately two workers for each retiree.
- Back in the 1950s, corporate taxes accounted for about 30 percent of all federal revenue. In 2009, corporate taxes accounted for just 6.6 percent
- The total compensation that the federal government workforce earned last year came to a grand total of approximately 447 billion dollars.
- The level of government waste in this country is absolutely mind blowing. For example, the Department of Health and Human Services has just announced a brand new $500 million program that will, among other things, seek to solve the problem of 5-year-old children that “can’t sit still” in a kindergarten classroom. In the past, the U.S. government has spent $2.6 million dollars to study the drinking habits of Chinese prostitutes and $400,000 dollars to pay researchers to cruise bars in Buenos Aires, Argentina to find out why gay men engage in risky sexual behavior when drunk.
The national debt is a problem that should have been handled 20 or 30 years ago but it wasn’t so now what we have to look forward to is a very bleak future. Even if we totally scrapped our current monetary system and repudiated the debt, the transition would be “rocky” at best and we would not enjoy anything close to the standard of living that we are enjoying today.
Unfortunately, [however,] the vast majority of our politicians in Washington D.C. would never even dream of abandoning the current system [even though they] are now admitting that our current state of affairs is “unsustainable”. They just don’t have the guts to do anything about it.
[As such,] this current system is headed for an inevitable collapse. There is no way of getting around it – a horrific economic collapse is coming [and] it is going to change the world. You better get ready.
- “Financial Repression” May Soon Become Our Worst Nightmare! Here’s Why
- Get Ready: Economic Hell is Coming!
- How to Restore Fiscal Sanity to the USA
- We Have Fallen Head First Into An Economic Abyss! Here’s Why
- Americans Are Hurting And It’s Going To Get Worse – Here’s Why
- The U.S. is Headed Towards Self-inflicted Disaster: Here’s Why
- IMF: Major Changes Required to Close U.S. Fiscal Imbalance – Here’s Why, What and How
- America: The Party is Over! Here’s Why
- Weiss: A Financial Apocalypse Awaits America!
- Is the Bankruptcy of the US and the UK Unavoidable?
- America’s Political Process Guarantees Another Financial Crisis!
- Washington Faces Possible Armageddon Unlike Any Since Civil War
- Americans Have Thrown in the Towel as They Await “The Big Splatter”
- Remedies to Fiscal Gap Guarantee Hyperinflation!
- Warning Signs Suggest U.S. Headed for a Complete Societal Collapse!
- Let’s Get Real: The U.S. is Bankrupt and the Consequences Will Be Dire!
- U.S. Between a Rock and a Hard Place and Its Options Are – At Best – Dire!
- Will the Fed Engineer a Stock Market Crash to Flood the Bond Market With Much Needed Demand?
- The above article consists of reformatted edited excerpts from the original for the sake of brevity, clarity and to ensure a fast and easy read. The author’s views and conclusions are unaltered.
- Permission to reprint in whole or in part is gladly granted, provided full credit is given as per paragraph 2 above.
- We Have Fallen Head First Into An Economic Abyss! Here’s Why
- “The Great Dollar Devaluation Disaster” is Only Just Beginning – and the Intended Victim is YOU!
- These Long-Term Trends Are Destroying U.S. Economy – and America’s Way of Life!
- Buffett, Russell and Hoisington: Deflation or Inflation?
- Michael Pento Doubts U.S. Can Inflate Its Way Out of Debt – Here’s Why
- Tony Robbins, Ron Paul And Ben Bernanke All Agree: The National Debt Crisis Could Destroy America (theeconomiccollapseblog.com)
- The 15 Trillion Dollar Party (blacklistednews.com)