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Old 09-17-2005, 02:25 AM
Barbara Barbara is offline
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Default Grand Prize by Charlie Reese


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.

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  #2  
Old 09-17-2005, 02:55 AM
Barbara Barbara is offline
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Default Re: Grand Prize by Charlie Reese

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.
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Old 09-17-2005, 03:25 AM
Shannow Shannow is offline
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Default Re: Grand Prize by Charlie Reese

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.
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Old 09-17-2005, 05:56 AM
freeman freeman is offline
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Default Re: Grand Prize by Charlie Reese

Quote:
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!

Quote:
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
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Old 09-21-2005, 10:34 AM
this this is offline
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Default Re: Grand Prize by Charlie Reese

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
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Old 09-21-2005, 10:50 AM
Saturnino Saturnino is offline
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Default Re: Grand Prize by Charlie Reese

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.
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Old 09-21-2005, 12:29 PM
freeman freeman is offline
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Default Re: Grand Prize by Charlie Reese

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.
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Old 09-21-2005, 04:50 PM
this this is offline
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Default Re: Grand Prize by Charlie Reese

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.
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Old 09-29-2005, 12:59 PM
Barbara Barbara is offline
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Default Re: Grand Prize by Charlie Reese

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.
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Old 09-29-2005, 01:57 PM
freeman freeman is offline
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Default Re: Grand Prize by Charlie Reese

Quote:
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.
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