Why Government Should be Prohibited from Borrowing Money
At the Federal Level, it does not matter what country you look at, post-WWII, they borrow year after year with NO INTENTION of paying anything back. Overall, about 70% of the outstanding national debts is simply interested.
Here is a classic example of the crisis at the local level. Debt has been used as a means to exploit the taxpayer and line the pockets of friends and contributors to the political machine. In Philadelphia, they borrow $25 million to construct the Veteran’s Stadium in 1964. It was demolished 32 years later but the bond issue for its construction is still going 50 years later. Can you imagine you take out a mortgage on a house, it is destroyed, but the mortgage keeps going as if the house were really there?
The actually cost of this $25 million stadium with interest for 50 years is nearly 3 times what was borrowed. The corruption has penetrated everything and it has reduced the standard of living as people now require TWO incomes to survive. A politicians simply CANNOT be allowed to be a career for they will line their pockets to the brim along with friends and family. Barney Frank had relatives working in Fannie Mae.
This is why we have to reform. No public borrowing and no career politicians. Virtually every department should be privatized to prevent state pensions. Those in government just cannot keep their fingers out of other people’s pockets – impossible! This is behind everything from the NSA to Homeland Security. Instead of reform, they are digging in their heels to defend their right to exploit your money. Government is NOT society. They are two distinct entities.
NSA is Impacting Everything – Mass Migration Underway
The number of companies and people moving out of the USA to safe servers outside the country is skyrocketing. Many are discovering the safe haven for internet systems is now Switzerland being outside the USA and EU both who cannot be trusted because they are hunting money not terrorists.
Additionally, Google has cooperated as a censor and has received more than 1,000 requests to pull clips people have made about the government from YouTube. Even the stories of this have been pulled by NBC.
People cannot store their precious metals in Europe or the USA anymore. The only place for capital to flee is becoming Asia. Even there, HSBC refuses to deal with Americans in Asia.
The world is getting very interesting. This is using the excuse of terrorists, but it is all about SHOW ME THE MONEY.
Court Concedes NSA Violated Constitution
Business Insider points out that there was credible evidence about NSA activity before Snowden’s revelation. Their Utah facility was talked about on the Hill and staff were concerned that even their emails were being swept up by the NSA. They are paranoid and are obsessed with collecting everything. Now even the Supreme Court has expanded their powers to DNA. Your DNA can be taken merely upon arrest for anything. You do not have to be convicted. If you are found innocent, then you have to hire lawyers and spend hundreds of thousands of dollars to have your DNA removed from the national data base. If they can arrest just one relative, they have your DNA. They are collecting ABSOLUTELY everything.
Despite the violation of the Constitution, they will still execute Snowden if possible.
The USA Knowingly Executes Innocent People
Ethel Greenglass Rosenberg (1915-1953) and Julius Rosenberg (1918–1953) were United States citizens convicted of conspiracy to commit espionage during a time of war, and were executed. They were charged with passing information about the atomic bomb to the Soviet Union. However, in legal circles, it has always been known that Ethel was innocent and that the prosecutors deliberately charged her hoping to force Julius to cooperate. The problem was that Julius was just a courier who really did not have the deep contacts prosecutors assumed. But because they were charged with “conspiracy” there is no requirement of proof that Ethel participated. The crime is just to “agree”.
A co-defendant of Julius and Ethel Rosenberg, Morton Sobell, admitted for the first time that he was a Soviet spy on his death-bed at 91, but also made it clear that Ethel was innocent. Sobell passed military secrets to the Communists in World War II when the nations were still allies, he told the New York Times. Sobell, who served 18 years for espionage, said Julius did pass secrets but Ethel, executed with her husband in 1953, was guilty of nothing more than being Mrs. Rosenberg. Details passed on by Rosenberg were of little value to the Soviets, according to Sobell. “What he gave them was junk,” he said. His revelations on Ethel’s innocence bolster a view widely held by historians. Grand jury transcripts of the case that have been released confirm that Ethel was executed on perjured evidence from the prosecution. To be a prosecutor seems to require selling your soul. You have to be willing to kill innocent people with absolute immunity. And then these people want to run for political office. NEVER vote for as former prosecutor. They cannot have any morals when victory is more important than the truth.
Snowden will NEVER get a fair trial. The US criminal justice (Just-Us) system is far too corrupt and it 99% conviction rate has surpassed even Hitler’s most notorious People’s Court that has a 90% conviction rate.
A co-defendant of Julius and Ethel Rosenberg, Morton Sobell, admitted for the first time that he was a Soviet spy on his death-bed at 91, but also made it clear that Ethel was innocent. Sobell passed military secrets to the Communists in World War II when the nations were still allies, he told the New York Times. Sobell, who served 18 years for espionage, said Julius did pass secrets but Ethel, executed with her husband in 1953, was guilty of nothing more than being Mrs. Rosenberg. Details passed on by Rosenberg were of little value to the Soviets, according to Sobell. “What he gave them was junk,” he said. His revelations on Ethel’s innocence bolster a view widely held by historians. Grand jury transcripts of the case that have been released confirm that Ethel was executed on perjured evidence from the prosecution. To be a prosecutor seems to require selling your soul. You have to be willing to kill innocent people with absolute immunity. And then these people want to run for political office. NEVER vote for as former prosecutor. They cannot have any morals when victory is more important than the truth.
Snowden will NEVER get a fair trial. The US criminal justice (Just-Us) system is far too corrupt and it 99% conviction rate has surpassed even Hitler’s most notorious People’s Court that has a 90% conviction rate.
Sorry – Its Just Gibberish
QUESTION: The economist Robert Wiedemer, author of the New York Times best-selling book Aftershock, has forecasted that unemployment will rise to 50%, the stock market will crash by 90%, and the annual inflation will hit 100% starting in 2013. What is your view on this scenario?
ANSWER: Gibberish. Pure insanity. This is the same thing as the 1929 Great Depression and it reflects the domestic understanding of the economy EXCLUSIVELY. They do not comprehend what they are forecasting and merely regurgitate the events of 1929-1932 over and over assuming history repeats exactly the same. Lightening never strikes twice in the same spot identically.
Look, I grow tired on answering the same question over and over again. The crash between 1929 and 1930 was a NORMAL correction. What took place in 1931 was the Sovereign Debt Crisis where Europe defaulted, China and South American on their sovereign debt creating MASSIVE deflation in the form of a total destruction of wealth. You see the rally into early 1931. Once debt was being wiped out, over 3,000 banks failed and the market crashed. the value of MONEY rose in value and that is why FDR seized gold and devalued the dollar in 1934. There was no INFLATION but the total absence of inflation. So how do you get the stock market to crash with inflation? Impossible!!!! Even the Nikkei rallied with the decline in the yen, and then fell as the yen rose in value.
I have stated many times that unemployment rose to 25% during the Great Depression BECAUSE of the Dust Bowl and 40% of employment was agriculture. That is why unemployment went so high NOT because of industry failure. Today, unemployment will rise because of state and local government will be forced to reduce their labor forces driving unemployment higher. This is the primary source and rising taxation always reduces employment growth.
The relationship spouted out by so many calling for the Dow to fall by 90% means capital would have to flee to the safety of government meaning the dollar would rise in value and bond yields decline. To accomplish those ends today, interest rates would have to go NEGATIVE and then how do you get the 100% inflation? How does this reconcile with the crisis in public debt globally?
I am sorry. Our computer is THE BEST at correlations. The nonsense of this scenario is simply impossible and would be on par with instead of Obama getting his wife pregnant, he becomes pregnant. Just cannot happen