Save the Constitution!

Aimee Allen

http://www.naturalnews.com/022932.html

As we wind our way towards an election between the numerous professional liars who have been put forward as candidates for U.S. President, it seems to be a great time to remind us all about the financial issue being routinely ignored by virtually everyone (except Ron Paul, of course, who was never really embraced by the "please lie to me" mainstream public). To what financial issue am I referring? The national debt, of course.

Americans don't want to hear about the national debt. It's like a family living paycheck to paycheck, maxed out on their credit cards, trying to pretend the collection notices are all being lost in the mail. They don't want to admit they have no ability to actually pay off the debt they've incurred by pursuing a flamboyoant lifestyle, blowing wads of cash on high-priced wines, luxury vehicles, and an occassional line of coke -- they desperately want to imagine they can keep living on money that appears from nowhere, regardless of how much they owe to everybody else and the fact that their incomes don't even come close to matching their expenditures.

See the related Counterthink Cartoon on this topic at: http://www.naturalnews.com/022931.html

Too bad every household in America doesn't have its own Federal Reserve, huh? If it did, we could all just print money to pay off our debt, save our skins, and ignore the fundamentals of economics. But even in Washington today (and New York), the Federal Reserve is too busy bailing out greedy, criminally-operated banks to turn much attention to the much larger issue of the United States' national debt. Apparently, saving the banks is more important than anything else, and the Fed is now committed to destroying the U.S. dollar through runaway hyperinflation in order to prevent a few rich bankers from facing the consequences of their outrageous sub-prime lending sprees.


America runs its finances like a crack addict

But let's get back to the national debt for a moment. The United States government is broke. The only reason it's been able to operate for this long is because other nations and foreign central banks have been foolish enough to keep lending the U.S. government more money. It's like giving cash to a crack addict and hoping he will somehow seek out a drug rehab center on his own.

This is the person who never gets a job, never makes an honest living, but yet somehow manages to hit up everybody else for cash. You know how it works: "I need to buy a car to get a job," they say. And then when you pony up the cash for their car, they get drunk and wreck the car, and they never try very hard to get a job in the first place. They keep spending and spending, tossing money down the drain on blows of crack, meth, heroin or booze. They promise to go into rehab someday, if you'll only help them through "the next month" with a little more cash. This is the life of a drug addict. (Do you know one? Everybody does, it seems...)

America is that drug addict. It borrows cash from the central banks around the world, blowing it all on Medicare prescription benefits signed into law by Bush (money for drugs, see?). It spends trillions on military campaigns that accomplish nothing positive, yet enrage the global community and recruit lifelong enemies of this nation. Notice how the price of oil has more than tripled since the war with Iraq started? It's so bad now that truck drivers are going on strike over the price of diesel.

America spends money not merely like a drunken sailor, but like a crack-addicted sailor with a wheelbarrel piled high with one-hundred dollar bills, locked in a room full of Gov. Spitzer's favorite hookers and a suitcase spilling over with blow.


Don't dare explain the national debt to anyone

But try to explain the simple workings of finance, debt and economics to the uninformed, and you'll be accused of being a doomsayer, a pessimist, or -- the worst insult in today's fear-based society -- unpatriotic! How dare you point out the economic truths that will soon bring this country's federal government to its knees! Such blatant truths shall not be tolerated... especially not in a country whose entire financial system is based on a cascade of fictional financial instruments propped up by nothing more than wishful thinking and Enron-style accounting fraud.

Let me translate all this for you in serious terms: The United States is already broke. The Federal Reserve is destroying the currency. The U.S. dollar will soon be virtually worthless. There is no saving the dollar, and there's no saving the savings of any U.S. citizen foolish enough to be holding dollars when the music stops. The Federal Reserve has already decided to do anything in its power to save the rich bankers; even if it means destroying the value of all the dollars held by hard-working Americans. The day will come, folks, when your savings accounts will all be "recalibrated" and you'll be given ten cents on the dollar while the Fed slinks away with 90% of your savings, using it to bail out overpaid bank owners.

And the federal government? Under a long string of presidential crooks -- Democratic and Republican alike -- it has decided to pursue a dangerous experiment called, "What happens if we never pay our debtors while running up more debt?" That experiment, not surprisingly, will end in the financial demise of this nation. (But there's good news: A new, better system may emerge from the dust of the greenback... keep reading...)


You can't defy the laws of gravity... nor economics

These aren't careless predictions, by the way. These are simple observations the follow the fundamentals. Why are the nations of the world fleeing the U.S. Treasury debt auctions? Why are dollars increasingly worthless everywhere except in the United States itself? The answer is because the Fed is hyperinflating the currency to save the banks, even while the government is snorting yet more crack and spending unprecedented levels of increasingly-worthless dollars on drugs and war (or, as they call it, "medication and defense").

Hence the bumper sticker: Annoy everyone. Explain the national debt. People don't want to hear this. They'd rather imagine none of these problems exist; that debt doesn't matter; that unlimited dollars can be created out of nothing with zero impact on peoples' savings; that the U.S. government is wise enough to avert financial disaster. These are the hopes of the deluded. These are precisely the ramblings of Enron's accountants before the crash, or dot-com stock pushers before that crash. They're the slobbering blatherings of all the people who said housing prices will never fall, and therefore everyone will get rich off the never-ending housing price booms!


Important lessons learned the hard way

I've spend many years pointing out the idiocies of the deluded. I publicly predicted the dot-com crash and began warning people to get out of the market in 1998 - 2001. (This is a matter of public record, not some wishful hindsight.) I also publicly predicted the collapse of the housing market right here on this website, beginning nearly two years ago. And now, those predictions that once seemed "radical" are the Wall Street Journal's front page news. What am I predicting now? Like I said, it's not a prediction, it's just an observation.

It's like observing gravity. If you toss something into the air, you can be confident it's going to come falling back to the ground. You don't have to "predict" gravity; it's a law of the universe. It works by itself, like clockwork, regardless of what you want it do to (I'm ignoring near-light speed travel, relativity, quantum physics, and all that fun stuff for the purposes of this metaphor, by the way, for those readers who are physicists). Likewise, when you see a nation throw its dollars into the air, spending its way to oblivion, ignoring its debt and ramping up its spending to even higher levels, it doesn't take much of a prediction to know that it's all going to fall back to the ground in a grand economic collapse.

So I'm not even calling the coming collapse of the U.S. government a "prediction." It's just common sense. It's as obvious as gravity. If you don't believe me, do the math. There is no mathematical solution to the current financial crisis facing not merely the banks and the currency, but the federal government itself. The only unknown factor is WHEN things will happen. Can the Fed help the economy limp along in a state of near-collapse for another year? Perhaps. Five years? Maybe. Ten years? I doubt it.

Now for the good news: The good news is that the U.S. federal government will eventually go bankrupt. Yes, that's the good news! Because after the financial chaos passes (which will not be fun, believe me), we have a chance to create a new society, a new currency and a new, honest system of government that actually represents the People for a change. The current cabal of corruption and criminal behavior that sits in Washington and pretends to protect the interests of the voters is about to find itself on the receiving end of an angry mob. The 200+ year experiment called The United States of America is in its final chapter. But out of its failure, we can learn important lessons. We can learn things that will help us create a better future society.

I don't have the attention span to read all that.

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1985 500SL Euro w/ AMG bits 130k
1984 300SD Turbodiesel 192k
1980 240D Stick China 188k
2001 CLK55 AMG 101k
2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!!

I'll dispute that the Fed is hyperinflating the currency. Inflating, yes. To an extent that will be injurious to the majority of Americans-probably. But hyperinflating, no. See the Weimar republic for that.

Everything else up to the last paragraph is pretty much on. As for the last, if the electorate is too stupid to vote for people who will fix the problem now, why are we to expect that it will collectively grow a brain after things start getting worse?

BTW, I did a research paper in 9th grade (circa 1993) on the national debt and explained how to fix it. It's really not complicated. You just have to spend less than you take in. Unfortunately, the federal government can't seem to manage to do this very often.

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Whoever said there's nothing more expensive than a cheap Mercedes never had a cheap Jaguar.

83 300D Turbo with manual conversion, early W126 vented front rotors and H4 headlights 400,xxx miles
08 Suzuki GSX-R600 M4 Slip-on 22,xxx miles
88 Jaguar XJS V12 94,xxx miles. Work in progress.

Translation: We're not taking in enough.

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You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman

At least you're honest ...

Other than that, it's greatly convenient for those who cause such writings.
Note: Not those who write it, those who are causing those subjects to be brought up.

In a nutshell:

America's financial debacle is an unpopular subject to be discussed.
I guess in that case, we are rather happy with our lack of attention span, than bothering with the worries of what may lay ahead.

... where are you?

http://www.youtube.com/watch?v=uNYAl79zxW8

I can't see the U-tube stuff until tomorrow morning ...

Most Americans don't, either. But they have enough to watch Oprah or American Idol.

And therein lies the problem.

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1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ...

1995 E 420, 170k "The Red Plum" (sold)

2015 BMW 535i xdrive awd Stage 1 DINAN, 6k, <----364 hp

1967 Mercury Cougar, 49k

2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive (sold)

That's one answer, and the one most European countries have settled on. I prefer, "We're spending way too much having the federal government do things that aren't its job." Check the Enumerated Powers in the Constitution for further information.

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Whoever said there's nothing more expensive than a cheap Mercedes never had a cheap Jaguar.

83 300D Turbo with manual conversion, early W126 vented front rotors and H4 headlights 400,xxx miles
08 Suzuki GSX-R600 M4 Slip-on 22,xxx miles
88 Jaguar XJS V12 94,xxx miles. Work in progress.

It's not worth the effort unless you know who Muldoon is.

Here is the answer...

SMASH CAPLITALISM NOW!!!

That is what would have happened if the bailout of Bear Sterns did not happen. The reason the bailout happened, and it really was not a 'bailout' but a firesale. was that if BS had gone under and all the swaps it was holding dried up, the entire banking system would have collapsed. I don't care how radicalyou are, you DO NOT want that to happen. Somebody mentioned the Weimar Republic in Germany. If you want to see what happens when a banking system collapses, look at what happened there in the 1920's.

I agree that we need to reign in the debt, however making our money cheap is helping. We are exporting much more than we used to (look at Caterpillar) What we should be doing is paying off China and others with cheap dollars while the dollar is low.

Of course doing things like balancing the budget is crucial, I just don't know how it could be done in this environment. One good thing is that Iraq is close to paying for itself and that should lessen the drain on the budget that has been going on for way too long.

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"I have no convictions ... I blow with the wind, and the prevailing wind happens to be from Vichy"

Current
Monika '74 450 SL
BrownHilda '79 280SL
FoxyCleopatra '99 Chevy Suburban
Scarlett 2014 Jeep Cherokee
Krystal 2004 Volvo S60
Gone
'74 Jeep CJ5
'97 Jeep ZJ Laredo
Rudolf ‘86 300SDL
Bruno '81 300SD
Fritzi '84 BMW
'92 Subaru
'96 Impala SS
'71 Buick GS conv
'67 GTO conv
'63 Corvair conv
'57 Nomad

As was hinted at earlier, the problem lies with the American people, not the government. The government is just a reflection of the people. It seems that most Americans don't have a handle on debt. Just look at their credit cards and how many Americans only make the minimum payment each month, thinking this is a prudent financial strategy.

Woud you care to explain how Iraq is paying for itself?

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2004 VW Jetta TDI (manual)

Past MB's: '96 E300D, '83 240D, '82 300D, '87 300D, '87 420SEL

Just wait til OPEC gets the purchase of oil switched from the Dollar to the Euro..

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Sharing my partner's 2012 Forte 5dr SX til I find my next 123 or 126..
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Do I miss being a service advisor ???

We'll probably see $5-$8 a gallon gas overnight. Should be interesting. But who knows, it may not happen, as long as our government keeps kissing the Saudi royal family on both cheeks.

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2004 VW Jetta TDI (manual)

Past MB's: '96 E300D, '83 240D, '82 300D, '87 300D, '87 420SEL