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Barbara
09-17-2005, 03:25 AM
Grand Prize
by Charley Reese


Grand prize for the most absurd statements about the hurricane goes to those liberal columnists who have self-righteously proclaimed that the New Orleans disaster has "forced" the American people to confront poverty.

This is an example of projection. It's the media that ignore poverty. The American people, except for that 1 percent who own practically everything, confront poverty every day. You can't drive around any American city or rural area and not see it.

To the members of the lower middle class, poverty is a pack of wolves loping behind them. One accident, one bout of sickness, one layoff, and the wolves of poverty will devour them. Ignore poverty? How ridiculous. These people know it because they lived it and worked hard to escape it and are afraid every day of their lives they will slip back into it.

No, the media are out of touch, not only with poor people but with middle-class people. Look at the entertainment on television. Practically all of the characters in the shows are portrayed as being more affluent than the people who watch the shows. It doesn't take long for six-figure commentators to start associating exclusively with people in their income bracket or higher. Pretty soon they think everybody is worried about his or her 401(k) and investment strategy.

Not so. The majority of Americans are worried about keeping their jobs and paying their bills. They are worried about health care. They are worried about their children's future. This isn't liberal dogma. It's fact. We have allowed a system to develop that makes it easier for the rich to get richer and harder for the poor to escape to the middle class.

The underlying cause and the most difficult to address is a policy of gradual depreciation of the currency. It's usually referred to as inflation, but whatever jargon you wish to apply, the end result is that year after year, the dollar a man or woman earns buys less. To hide this from the public, the government periodically changes the base year by which it computes inflation. To further confuse the public, the government harps on the monthly rate of inflation.

Measured in purchasing power, it takes $4 today to buy what $1 would buy in 1967. Now, if wages and prices rose in a uniform rate, as some imagine, everything would be equal. Trouble is, they don't. Prices, for both goods and services, far outstrip wage increases. Ever-increasing taxes chip away at living standards. Look at your telephone bill, your utility bill and your cable-TV bill. Every conceivable thing that can be taxed is taxed.

The basic unfairness of our system lies in a difference in power. The business owner, the manufacturer, the professional can raises prices and fees restrained only by the competitive factor. This problem is often solved with some unofficial price fixing. Look at the near uniformity of prices among competing brands. Call five orthodontists and get a price for braces on your child's teeth. Competition, which is supposed to keep prices down, is often nothing more than a cover to keep prices high and uniform. For all the lip service paid to free enterprise, most American businesses and professionals hate price competition with a passion.

So while the businesses and professionals are free to increase their income as the market or their agreements allow, the working man and woman cannot. They are totally dependent on their employer. If the employer gives them a cost-of-living raise once a year, he is, in effect, not giving them a raise at all. If they try to save money, they will lose money, as the gradual inflation will eat away their capital. If you had put $10,000 in the mattress in 1967, it would be worth $2,500 today. The $7,500 was stolen by a combination of Congress and the central bank, for they are monetizing the deficits that have depreciated the currency.

America is being converted into a Third World country before our very eyes. Don't give me that malarkey about being blind to poverty. We'll all see more of poverty than we want to if we don't change the system.



September 17, 2005

Charley Reese [send him mail] has been a journalist for 49 years. Write to Charley Reese at P.O. Box 2446, Orlando, FL 32802.

Barbara
09-17-2005, 03:55 AM
This article was not posted for the deep thinkers, the hair-splitters, those who disect for possible hidden meaning, etc.

This was posted for those who find joy in the extraodinary ordinary. (Ordinary as a noun, therefore extraordinary becomes an adjective, not adverb ending in ly) :-D Those who want to "cut to the chase" without unnecessary verbage, who want to read and be able to easily understand the subjectmatter.

Surprisingly enough, not many people truly understand how inflation works. They blame everybody but the real culprit which is the system of fiat currency where the more they print and put in circulation the more worthless what we have in our pocket becomes so the less it will buy.

This man is my hero, his honesty cuts across the spectrum and spares not favors anyone. He is so refreshing I thought you might enjoy him, too.

Shannow
09-17-2005, 04:25 AM
I'm, about to hop off the computer,take my latest game out of the X-Box, and put the DVD that I bought this afternoon into it, and watch it while I have a few "Coopers Sparkling Ale"s

I bought a digital camera on ebay through the week, to record those "special moments" that are all too common when you've got little children.

I shudder when I think how well off my family would be if we didn't spend money on stuff that we didn't need.

At least we are having kids to serve as taxpayers into the future.

freeman
09-17-2005, 06:56 AM
Surprisingly enough, not many people truly understand how inflation works. They blame everybody but the real culprit which is the system of fiat currency where the more they print and put in circulation the more worthless what we have in our pocket becomes so the less it will buy.

YES, YES, YES!!!
But the money supply of the central bankers who control that fiat system is guaranteed to increase well beyond the rate of inflation as they keep charging principle plus interest for every dollar bill they create out of nothing. What an extraordinary scam!

This man is my hero, his honesty cuts across the spectrum and spares not favors anyone. He is so refreshing I thought you might enjoy him, too.

I did.



:-D

this
09-21-2005, 11:34 AM
I just wanted to add to this thread about money, what I think is an important point.

And that is that with our system of money being almost 100% credit, we have a problem, and that is that the interest payments for that credit do not exist. They were never created when the private banks created the credit.

Our whole money supply is credit extended on paper (or virtual) against the collateral of houses, businesses and governments ability to tax.

With this defunct system, the only way the interest payments can be found in the economy, is to inflate the money supply. It is not a good system, but inflation is the only way to avoid a system crash that interest payments require.

There's a good book out there that explains money:

http://www.wwdemocracy.nildram.co.uk/democracy_today/grip_death.html

Saturnino
09-21-2005, 11:50 AM
Yes, what a nerve to say the Americans don't look at poverty...it is the media, the government, the movies, the TV that do not.

freeman
09-21-2005, 01:29 PM
Somehow we need to get back to an economy where money fulfills the original purpose it was supposed to serve -- as a medium of exchange, rather than a commodity of its own.

this
09-21-2005, 05:50 PM
Freeman - sure, getting money to be a medium of exchange only, might be nice.

There's numerous ways of trying to modify the current system, but I hope I could clarify the inherent limitations of it above.

The expanding nature of a money supply is what allows high growth economies like Japan or Germany or once the USA. They just turn up the volume on a bad system to get ahead of the feedback of the interest payments, which always inevitably come due.

There is no excuse for any national government to have a debt to private banks. Banks who never had a dime until the national government allowed them, by law, to create it as credit against collateral.

However, many well meaning people think that the solution to our bad system is to stop the growth of the money supply. Like taking a fish out of water, our near 100% credit system cannot continue without fresh supplies of increasing credit.

If credit creation stopped over night, our economy would tank quickly and the money supply would shrink towards zero.

Barbara
09-29-2005, 01:59 PM
This, where does it end? Every dollar out there, every computer entry credit "dollar" represents a debt owed ultimately by the taxpayers who are the collateral, along with the real property (land) of America, for those "dollars."

The Supreme Court, back in 1933, took Silent Judicial Notice that this country was bankrupt because the bankers had called our national debt due. Coming as it did at a time when the Depression was just about but not quite at an end, the government could not pay it's bill. That marked the end of what was left of a government of, by and for We the People. That was the end of our Constitutional rights and put us under the UCC.

On the heels of that followed the Social Security Act which instituted a tax on the workers and also served to number the herd for future colateralization.

Taxing, borrowing and spending is spiraling out of control today.

It reminds me of a party held on the Titanic.

***Interestingly enough, Herbert Hoover (Hoover Times, equated with hunger and poverty) listed his address as the Offices of the Council On Foreign Relations.

freeman
09-29-2005, 02:57 PM
The expanding nature of a money supply is what allows high growth economies like Japan or Germany or once the USA.

Yes, but that expanding money supply doesn't have to come at the expense of all that central bankster debt.
Observe what happened with Lincoln and Kennedy when they printed their own money, the incredible economic growth and prospertiy that ensued.
I still say the money should be the servant of commerce, not its slave. An expanding money supply should merely follow a healthy, productive economy, not the other way around.

this
09-29-2005, 04:53 PM
Hey Barbara,

Where will it all end? Who knows, but most people like crises to provide the basis for decision making so I guess some sort of financial collapse.

Ultimately, at some point, the emporers will be seen to have no clothes. And that's at the crisis point when A) septajillion dollars are owed to the banksters, B) many countries say they cannot pay, and C) the banksters shrug and say they don't need it anyway (which proves the debt is false)

The banksters want to put off that day for ever, by rejigging the books, forgiving various loans etc. They, as parasites, seem to be hoping for slight strangulation instead of asphyxiation of the population.

They do want to keep us in debt, and have politicians in their pocket. Perhaps JFKennedy, and his son are an example of how they deal with pesky idealists.

this
09-29-2005, 05:57 PM
and Freeman...


Yes, but that expanding money supply doesn't have to come at the expense of all that central bankster debt.
Observe what happened with Lincoln and Kennedy when they printed their own money, the incredible economic growth and prospertiy that ensued.
I still say the money should be the servant of commerce, not its slave. An expanding money supply should merely follow a healthy, productive economy, not the other way around.

I think we are on the same page, are you advocating something specific?

Let me put up these ideas: Lets suppose that money was strictly a medium of exchange, that it aided in barter of goods and services. The thing is most people/economists/politicians think that this is what money is, when it is something quite different. Most of the time it is able to act as a public medium of exchange, but that's not it's main purpose in life.

You would want money to be strictly a public medium of exchange? That is, a standard unit of trade that holds it's value forever. Well we don't have that. Trying to modify what we have to get what we want might never work.

If we were to start from scratch, we might have a better chance. Simply because those who brought us our current system will keep re-inventing it or corrupting any modifications we do to it. Then again, if modifications work, then great.

What I tried to say earlier is that there are a few structural problems with our currencies. One is interest. If we didn't have interest payments to make on our money supply, we wouldn't need to have economic growth just to stay afloat. Interest is a serious problem, and it is an example of mind control.

Why else would governments (us) farm out the pesky job of handing out loans to independent contractors. When handing out these loans is the basis for the circulating currency. Is this job (banking) so onerous a job that it deserves a special rate worth more than money itself?

I'd be your local banker, and charge a good rate, hire lots of knowlegeable loan officers to administrate what is in effect the nations money supply, and you know what? If I actually billed the government directly, any exorbident amount for my services, we would all be better off because of no interest on the money supply. Without interest there would be no national debts.

The fallacy, perhaps one of the most in your face, every day, affecting everybody, is that money IS just a medium of exchange. When in fact it actually disintegrates over time. It's better than trading bananas but not much.

Our money is actually a temporary medium of exchange, like a library book or video rental. What is permanent however, is the interest. In that perhaps is the crux of why our system works so poorly. Either make our money permanent (get away from furnishing the money supply through loans) or make the interest temporary too.

Although this can always seem like a complicated system to explain, it comes down to the idea that the system SHOULD work the way people THINK it works. The reality is that what we have for a public medium of exchange is not public, it is private.

Anybody may think they can keep their fortune under their mattress, but in reality, those dollars were created by a private bank, and they want them back plus interest. Every dollar (97% or so) that exists, has a homing signal back to where it was created. And the law backs that up. If the bank doesn't get your dollar back in a timely fashion it will try to get it back from someone else. A favourite method is to get governments to tax it back, who then in turn cough it up to a bank

freeman
09-29-2005, 06:09 PM
Good post, this. A lot to think about. :-)

Barbara
09-29-2005, 08:24 PM
Here's another pesky little angle to the whole mess.

If you buy anything on the installment plan, say, and you miss several payments, whatever you bought is repossessed. Why, because in effect, you used somebody else's money (credit) to make the purchase.

"Our" money isn't ours, it is the property of the private corporation known as the Federal Reserve which isn't federal and practices little reserve, just more fiat dollars, backed by nothing..

IF - someone puts a gun in your ribs and takes your money and goes out and buys something with it, say a stereo, to whom does the stereo belong?
The rule of law says it is yours, for obvious reasons.

Remember when you used to get the "pink slip" when you bought a car? Now you get a Certificate of Title, certifying that there is a title but you don't have it. Who does? The State.

Same applies with the deed to your house, Warranty Deeds or Security Deeds replacing the real thing.

We are merely tenants on the land for which our forefathers fought.

Can anyone hear Ben Franklin in the background telling us about central bankers????

sablefish
10-02-2005, 09:35 PM
Barbara.. The answer is to let the house of cards fall.. When it does they will privatize our once great nation.. and tell us that the National Forests now belong to them.. The Rothschilds.., because we can't pay the ponzi scheme that they developed..

That is when we will stand up to them.. Very heroically.. and they will nuke us, poison us, or create a plagueto kill us all. But perhaps we might get lucky and end up in slave labor camps... The government that we have at this point of history is the collection agency for the 1933 thingie.
I am impressed with your knowledge of how things really work..

truebeliever
10-02-2005, 09:45 PM
We are merely tenants on the land for which our forefathers fought.

Yes, straight back into Feudalism!

NO GOD! NO INDIVIDUAL RIGHTS!

Just the laws of men chopped and changed on a whim.

Bag religion, you fall for it.

Shannow
10-02-2005, 10:13 PM
Interesting new twist has occurred down under, and now my parents understand why I've been referring to the masees as "serfs" for 20 years...they argued that serfs earned their living, but could go no further, and I argued "exactly".

The recent increase in housing prices has lead to absolutely ridiculous prices, and as a result, absolutely ridiculous mortgages, and therefore longer terms, and a much greater amount of interest paid per dollar of the loan over time.

i.e. to invest in a home makes you poor, and leads to no retirement income.

So the lending institutions have come up with a scheme to "help out" those who are "asset rich, but cash poor".

You can re-mortgage your house, and they will pay you either a lump sum, a "pension", or a combination.

You pay them nothing, all the while the interest accumulates.

When you depart, the balance is removed from your estate...but they HAVE built in "safety for your next of kin", as the lenders can get no more than the sale value of the property.

If you enter at 60, you can "have" 15% of the property value, at 85 you can have 45%.

Why are properties so expensive ?

Because the big end of town buy them to rent to us, and are allowed to claim all interest payments and running expenses off their tax.