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obiterdictum

08/12/16 7:56 PM

#40595 RE: Blushing green #40593

No. I do not become angry, disappointed or frustrated over the whole GSE fiasco. It has only been 4 years since the beginning of the NWS and 3 years of litigation that followed quickly on the heels of the government takings and illegal actions and violations of US law. Litigation is a time consuming process, and there is nothing that can speed up the process given the complexity of the procedural issues raised, the substantial issues that have not yet been addressed and the human limitations and frailties of attorneys and judges.

What wears thin to the bone is the increasing use of government authority and power that is in the hands of a few select individuals and their hand picked supportive subordinates who work to gradually transfer by non-transparent designs and plans massive amounts of monetary wealth and physical property from the private sector into the coffers of the US Treasury and under control of the US government for spending on political goals and projects of the current executive administration and political party affiliates.

Few people are aware of the vast number of people that are permanently and temporarily employed (government contracts, grants, etc.) by federal, state and local governments who are utterly dependent on personal and corporate taxes paid in by US citizens and residents for their incomes. Government by far is the largest employer and payer in the US. The total government employment numbers range from a low of 21 million to an unbelievable 40 million people by one estimate out of the total of 151,517,000 people employed. See census data and BLS data - http://www2.census.gov/govs/apes/2014_downloadable_data.zip and http://www.bls.gov/news.release/pdf/empsit.pdf Taking the low number of 21 million, about 14% of the US civilians are employed in some way by individual and corporate taxpayer dependent federal, state and local governments. These numbers are increasing and all are not recorded on government ledgers. Fannie and Freddie employees are essentially working for the US Treasury. The healthcare economy and system, the entire secondary mortgage market, in addition to military, social security, medicare, medicaid, and the mass of government contracts, grants, and other taxpayer paid work options are dependent upon and controlled by the US Government and its taxation and regulatory frameworks and agencies (https://www.federalregister.gov/agencies). These government agencies directly monitor, regulate, control and takeover large, private commercial enterprises and siphon vast amounts of personal and corporate wealth for government purposes that do not necessarily translate into national benefits for US citizens. The growth of a taxpayer funded government economy and the increasing transfer and control of private wealth and property to the government is disturbing.

Take a look at what is openly reported but never considered in the media or by citizens. Look who the owner of $1.7 trillion dollars in mortgages and the amount of principal and interest paid in on the mortgages are transferred to the US Treasury - http://www.federalreserve.gov/newsevents/press/other/20160111a.htm -
http://www.federalreserve.gov/newsevents/press/other/20160317a.htm -
https://www.federalreserve.gov/monetarypolicy/files/quarterly_balance_sheet_developments_report_201605.pdf