US Economy

Care to comment on the "US Economy?" Let Us Know!

"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."

--Murray Rothbard

I have to remind myself of the above quote every time I rail against the Federal Reserve. The Fed is an obvious and real contributor to the Machiavellian manipulation of our economy, but there is a great deal more to it than that. Making them the sole scapegoat would be tantamount to declaring the Muslim religion the source of all terror activities... and that simply isn't true.

That the Fed is evil, I have no doubt. That the Fed is a primary source of economic angst is without question. That the Fed is a power-mad conglomerate of greedy SOB's intent on world domination through international monetary policy is obvious - but there is more going on than that.

The majority of the blame must go to Congress - past and present - for devaluing the dollar. THEY are the people who gave the Fed the power to print money. THEY are the people who took the dollar off of the gold/silver standard in direct contempt of the Constitution:

Article 1 - The Legislative Branch
Section 8 - Powers of Congress
The Congress shall have Power To...
...To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

Article 1 - The Legislative Branch
Section 10 - Powers Prohibited of States
No State shall...
... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;

They used legalese and word art to contravene the Constitution and the intent of the framers of the Constitution to keep our money solvent. Any idiot can read the framer's comments on paper money and central banks. All you have to do is look for it. But apparently not so for the idiots we send to Congress.

Congress - past and present - are the ones who spend OUR money on projects and programs they have no business financing. They do it by stealing the Citizens' money(through threat of force - incarceration) and by having the Fed print it and "loan" it to the US Government. This would be infinitely more difficult to accomplish if our money was still on the gold and silver standard. But we are not, and they do, and by so doing our Dollar is constantly being devalued.

The United States also has powerful enemies who are not too pleased that a good portion of the world bases their economic activity on the US Dollar. They would rather have the Euro or, God forbid, a 'one-world' currency as the monetary standard.

Eventually, I suppose, they will want to go to a "cashless" society where all "credit" is electronic. That way, they can not only control monetary policy, but with the simple matter of a keystroke or two, control individuals as well. (You may have already noted the TV commercials showing happy people cheerfully using their credit cards for purchases - and EVERYTHING comes to a halt when someone tries to pay in cash. Not very subtle, that.)

When it comes to economics, or the "dismal science" of economics, I have much to learn. It is without a doubt the most fascinating and disgusting topic I have ever researched, as it deals primarily with one of mankind's most proliferate vices. I feel dirty even writing about it.

Much like politics, however, all economics is not only local, but extremely personal. When my dollar, last year, would have purchased a 1 pound loaf of bread and this year won't buy so much as a croissant, I have a tendency to notice and feel the effect. Especially when I am bringing in no more dollars than I did last year. To me, it's simple when looked at from a personal perspective. My "dollars" have become quarters - and no one is making up the difference for me.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S.. More Americans Are Saying No to the FED & the National Debt! Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasuries, the dollar, gold and the stock market.

So much to learn, so little time... Still working on it...

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