Progressive Democrats & Neocons
Another thought provoking and informative article by our March speaker, Dr. Aubie Baltin
A MUST READ!
UNCOMMON COMMON SENSE
For People Who Think
DANGER DANGER DANGER
PROGRESSIVE DEMOCRATS & NEOCONS
This year, the federal deficit will total at least $1,600,000,000,000.00 ($1.6 trillion), Using GAAP accounting rules, the nation’s fiscal year 2009 deficit was roughly $9,000,000,000,000.00 ($9 trillion). This is equal to 17% of America’s total private wealth accumulated over a period of 235 years – wiped out by just one year’s worth of government deficit spending.
What these statistics mean is that it is absolutely impossible for the Government to fund its debt and deficits, even if it steals all of the nation’s private wealth. Therefore, the Government’s only solutions are either to file formal bankruptcy (outright debt repudiation and the dismantling of bankrupt government programs) or unprecedented American monetary inflation and debt monetization. If the Government chooses to inflate its way out of this fiscal catastrophe, the United States dollar will essentially become worthless. You can be absolutely certain that Dr. Bernanke is well aware of these realities, just as the Chinese schoolchildren are who, when patronized by Geithner about America’s “strong dollar,” laughed in his face.
The Government has announced that during the fiscal years from 2010 through 2019, it will create an additional $9,000,000,000,000.00 ($9 trillion) in deficits, an amount that is certain to be understated by trillions given our Government’s historic accounting practices. Furthermore, the Office of Management and Budget has reported that the United States Government will experience massive, non-stop deficits for the next 70 (SEVENTY) years.
These deficits and debts are now so gargantuan that they have become surreal abstractions that are impossible even for sophisticated financiers to begin to comprehend. The common citizen has absolutely no idea what these numbers imply for their future.
The peoples “representatives” have deliberately committed treason by selling their citizens into slavery from which they and their descendants can never escape since the debts piled onto their backs can never be repaid. Despite expensive and sophisticated brainwashing campaigns emanating from Washington, claiming that America can “grow” out of its deficits and debt, the public is waking up to the fact that it is arithmetically impossible for the country to ever pay off it’s debts as long as it stays on its present increasingly Socialist track.
Once you’ve dug yourself a hole and you want to get out, the first thing you must do is STOP DIGGING.
AMERICA’S FIFTH COLUMN
America, just like every empire that has come before it, can only be defeated from wit in. No country or group of countries can defeat America economically or militarily.
The enslavement of the American people has been orchestrated by a pernicious Master Class of Politicians from both parties, who have seized the United States by the throat. Slowly but surely, they have taken the Freest and most Successful Free Market Economic Power and, in the name of protecting the little people, transformed the country into a Socialist State to the point that it is now on the verge of Destroying Capitalism (The Goose That Lays the Golden Eggs). This Master Class is choking the nation to death as it accelerates its master plan to plunder the people’s dwindling assets on its way towards a One World Government. But their final goal cannot be achieved until they first destroy the world’s only super power. These Wannabe, Power Hungry, Communists, Master Subversive Class are comprised of politicians, the Wall Street money elite, the Federal Reserve, high-end government (including military) officials, government lobbyists and their paymasters, military suppliers and media oligarchs and our education system. The interests and mindset of the Master Class is so totally divorced from those of the average American citizen that it is utterly tone deaf and blind to the justifiable rage sweeping the nation. Its guiding ethics of greed, plunder, power, control and violence are so alien to mainstream American culture and thought that the Master Class might as well be an enemy invader. But nonetheless, the Master Class is here, it is real and it is laying waste to America. To the members of the Master Class, the people are not fellow-citizens; they are instruments of labor, servitude and profit all sold to the people in the name of equality and helping the under-privileged.
BUT it is not too late. We have three years left to set the wheels in motion to first STOP and then Reverse the last 100 years of Socialist Cancer that is destroying our country.
America’s public finances are now completely dysfunctional and chaotic. However, something far worse than debt enslavement and monetary implosion looms on the horizon: Namely, a Master Class-sponsored American dictatorship.
Throughout history, the type of situation in which America now finds itself in has been a fertile factory for tyranny. The odds of an outright overthrow of the people by the Washington and Wall Street Axis almost came into being under FDR, but fortunately for the people, he died. The fact that so few people believe an American dictatorship is possible is exactly why it is becoming more and more likely. Recent events paint an ominous picture of a Master Class that is now in total control.
• When 90% of the American people rejected the $780,000,000,000.00 ($780 billion) TARP bailout plan, the Master Class put it on a fast track and approved it anyway.
• When a clear majority of the American people said NO to a government takeover of Chrysler and GM, the Master Class poured billions of taxpayer dollars into those corporate sinkholes and then took them over anyway.
• When the people said no to multi-trillion dollar crony bailouts for the bankers and insurers whose corruption had caused global financial mayhem, the Government pledged to those elite insiders more than $13,000,000,000,000.00 ($13 trillion) of the people’s money anyway.
• When the people expressed astonishment and anger that Wall Street planned to pay itself record 2009 bonuses, all of it due to Phantom Profits coming from trillions of dollars in zero interest loans and the elimination of mark to market accounting in the midst of America’s worst-ever fiscal and financial crisis, Wall Street stuffed its pockets with unearned, undeserved, taxpayer bonus money anyway.
• When the people said no to a proposed $40,000,000,000.00 ($40 billion) bailout of AIG and its elite trading partners such as Goldman Sachs (an amount that subsequently exploded to $180,000,000,000.00+ ($180+ billion)), the Master Class went underground and covertly misappropriated taxpayer money and made the payoffs anyway.
• When Fannie Mae and Freddie Mac were nationalized at enormous taxpayer expense, the Government approved $6,000,000.00 individual pay packages in 2009 (150 times the average American wage) for the CEOs (friends and advisors of Obama) of both failed companies anyway.
• When a clear majority of the people said NO to nationalized health care even after being bombarded by a multi-million dollar, lie-drenched propaganda campaign, the House and Senate passed nationalized health care bills anyway in 7 days, without any of the signers having read the 2700 page Bill.
• When more than seven million American workers lost their jobs and were subsisting on unemployment benefits and food stamps; when private sector workers’ 401Ks and IRA retirement plans plummeted in value due partially to Wall Street’s market corruption (including systemic front running, flash trading, naked short selling and misinformation and other manipulations) – Government “defined benefit,” lifetime-cost-of-living-adjusted pension plans, and life time Cadillac Health Care Plans, which just like the Congressional plans became immune from the public plan despite being under funded by $2 trillion and continues to increase. Even though these very same Federal Government Employees earn DOUBLE what private sector workers earn, they were also given another round of pay and benefit increases, using a good part of the so called Stimulus money, instead of it being used to create jobs.
WE DEFY YOU
The message from the Ruling Master Class to the American people is simple and clear: Screw You !
Governments that openly defy the people are either already totalitarian or in the process of becoming so. Monetarily, the United States clearly functions as a totalitarian dictatorship already, with a Federal Reserve that operates in secrecy, creates limitless amounts of debt and currency at will, and showers trillions of dollars upon favored insiders with zero transparency or accountability whatsoever. The Federal Reserve is so shameless about its dictatorial powers that it flatly refuses to provide details about multi-trillion dollar bailouts and rescues of privileged elites, in open defiance of Congress and the people. The fact that they get away with these blatant acts of defiance demonstrates the true extent of the Master Class chokehold on America.
Every single Government entitlement program in the United States is bankrupt. This includes Social Security ($17,500,000,000,000.00 under funded; $17.5 trillion); Medicare Part A ($36,700,000,000,000.00 under funded; $36.7 trillion); Medicare Part B ($37,000,000,000,000.00 under funded; $37 trillion); Medicare Part D ($15,600,000,000,000 under funded; $15.6 trillion), Government and military pensions ($2,000,000,000,000 under funded; $2 trillion), Food Stamps (current under funding difficult to measure because the number of recipients is exploding; hundreds of billions under funded versus original projections); and the list goes on. The above under funding amounts are NET of projected tax receipts over the next 50 years. But the current Recession has invalidated virtually all long-term budget and tax receipt assumptions, meaning that the true under funded amounts are now greater than current projections.
Far more cause for alarm than these mind boggling numbers is the casual indifference with which the politicians are now making the country’s irreparable fiscal circumstances even worse.
The Nationalized health care program, which will cost at least $2 trillion more over the next ten years, is being crammed down America’s throat by a bankrupt Government that does not have the money today and will not have the money tomorrow to pay for it.
“Cap and Trade” is a multi-trillion dollar tax scam being foisted onto the American public without a legitimate debate or popular referendum. You might be surprised to learn that “Climate Revenues” are already included in the federal budget, starting with $79,000,000,000.00 ($79 billion) in fiscal year 2012 (after the Presidential election). During fiscal years 2012 through 2019, the Government expects to collect $646,000,000,000.00 ($646 billion) in “Climate Revenues,” a completely new tax category that will not be paid only by the rich, but by every single person who uses energy directly or indirectly. Have any of your elected so-called Representatives told the public that? These “Climate Revenues” are based on junk science, lies and hysteria, and have been pimped by greed-diseased parasites who seek to make billions from operating and manipulating the Cap and Trade “marketplace.” Favored elitists such as Hank Paulson, Al Gore, General Electric, Goldman Sachs and Amoco among others, have positioned themselves to profit from the nation’s upcoming Cap and Trade tax misery and economic debilitation.
The reality is that the giant Ponzi scheme called the United States of America is (like Madoff) running out of money and the rest of the world’s savings. Every Ponzi scheme requires ever increasing amounts of NEW money to be constantly poured into the top of the funnel in order to keep the Ponzi Scheme going. If the Washington and Wall Street Axis were not legally able to create and distribute counterfeit American money, while stealing most of the rest of the world’s savings, the Ponzi scheme would have collapsed a long time ago. Trillions of new, out-of-thin-air, printing-press and electronic “dollars” have bought the Axis additional time, but new sources of revenue must immediately be found to keep the scam alive. Congress is fully aware of this reality. Outright tax increases would be bad politics during a Recession that is morphing into a Depression and also bad for 2010 re-election campaigns, so they cannot be implemented. Therefore, Congress continues to advance the Health Care and Cap and Trade agendas, which are nothing but Taxation Trojan Horses festooned in righteousness and sanctimony despite overwhelming popular opposition.
If the nationalized Health Care program is passed, subterfuge revenues and fees will kick in immediately in 2010, whereas costs will not begin to accrue until 2013-2015 and later (again after the 2012 election). The Government plans to spend the revenues immediately to forestall a total fiscal collapse.
Nationalized Health Care has absolutely nothing to do with health care; it has to do with creating an immediate revenue stream to help fix the current Government funding crisis as well as a massive grab for control of 17% of the American Economy. Similarly, Cap and Trade has nothing to do with fixing the environment. It, too, is nothing more than a massive tax increase similarly designed to address the Government’s epic funding shortfall, with thick slices of pork thrown in for privileged insiders and deceitful propagandists like the bloated “Father of the Internet” and now “Savior of the World,” Al Gore.
GOLD
On April 5, 1933, President Franklin D. Roosevelt, an Obama hero, outlawed Gold ownership overnight by signing Executive Order 6102, which gave the people three and one-half weeks to surrender all privately-owned bullion to the Government for a price of $20.67 per ounce. On January 30, 1934, nine months after collecting the people’s Gold, Roosevelt devalued the dollar 69% overnight, by raising the Gold price from $20.67 to $35.00 per ounce.
Since its founding in 1913, the Federal Reserve has devalued the dollar by 98%+ thanks to endless money printing and debt creation, a corrosive and impoverishing process that is now accelerating. In the past year, the Fed has engineered $20+ trillion in bailouts, subsidies and guarantees for well-connected and lucky scavengers and opportunists, an amount equal to roughly 40% of the total private wealth created in this country since its inception. All because a few elitist Government man-gods, with an almost perfect record of error and failure, have deemed in their imperial wisdom that it shall be so. The citizens, whose hard-earned wealth is being systematically destroyed by this continual, government-decreed monetary debasement were never invited to the debate or given a say, which is par for the course for dictatorships. This massive de facto devaluation now hangs over the people’s wealth like a great monetary Sword of Damocles.
Conceptually, whether it is a 50% overnight devaluation as in Venezuela, 69% overnight devaluation in the United States, 98% devaluation in America over time or a 99% overnight devaluation in North Korea – what is the difference? The fact is there is no difference; monetary debasements are all the same. In each and every case, the people’s wealth is stolen via Government edict, while the people stand by helplessly in shock.
FOR WHOM DOES THE BELL TOLL?
A foreign “them” or a domestic us? Who is to say that you will not be told tomorrow morning that, effective immediately, in accordance with some perversely named mandate such as the “American Monetary Security, Wealth Preservation and Terrorism Prevention Act,” enacted by emergency for “the safety of the nation and the financial well being of the citizens,” all existing currency and bank balances will be redenominated in “New Dollars,” at a conversion rate of 1 new for every 100 old currency units? Would this not simply be another almost predictable act of defiance toward the American people by the Ruling Class? And if that happened, do you honestly believe that the Ruling Class would not have been alerted in advance and allowed to make special preparations for itself ahead of the devaluation? Do you think they intend to go down on the same ship as the people they are supposed to serve? If such a currency devaluation were announced, what could you do about it? March on Washington? But how would you get there if your money had just been wiped out and nobody would accept your Dollars anyway?
Of course UNCOMMON COMMON SENSE and its adherents have been working at protecting themselves for over 7 years now. While others lost as much as 50% of the value of their IRAs, Pensions, and 401Ks, the average return for all subscribers was over 38%; a good part of which has been tucked away in One Ounce Gold Coins purchased for CASH, beginning at $300/oz all the way up to $1000/oz. It is still not too late to start protecting your financial positions, but you must begin acting soon and the best way of starting is by subscribing to Uncommon Common Sense today.
Protecting your financial assets is not enough – your Patriotic Duty is to become politically involved now and protect yourself and family by protecting your country. It is the solemn duty of every citizen, according to the 2nd Amendment to protect his own country. You may be too old or infirmed to take up arms, but you are never too old or feeble to VOTE, which is the most powerful weapon that exists. GET POLITICALLY INVOLVED NOW, before it is too late.