Replies to post #6364 on The Political Battle Royal

[eaglesurvivor]

PegnVA: it’s not so easy and certainly far from cut and dried. While I am personally against a strong federal government, there is logic behind actually utilizing governmental powers to protect the denizens of the nation. I capitulate that The SEC, conceptually, to be about the most necessary regulatory agency, in theory. However, examine what this bureaucracy is truly about. In the environment, that The SEC was created, it seemed quite practical to the uninformed. There were certain unbridled practices (i.e. bucket shops), which should have been considered criminal, by existing statutes, which were laid to blame for the Great Crash. Yet, it was mainly the manipulations of insiders of and in The Federal Reserve that caused the great wealth transfer: both of businesses and of the federal government itself.

The management of The SEC has always been staffed with its toadies and sycophants. The SEC suffers from quintessential bureaucratic corruption, whether governmental or corporate. The workers simply do not work. The infamous “it’s your turn in the barrel” came from The SEC offices. That’s their mentality. More staffing and more funding won’t change this culture. The Federal Reserve also has so many polies at their call. Barney Frank stalled out the call for an audit of The Federal Reserve late last year. Ron Paul now chairs that committee.

Before we can clean house with The SEC, we need to shut down The Federal Reserve. In the end, The SEC is no different from the nefarious FDA. They do the bidding of the very ones that they are supposed to be policing. It’s always been that way. They are just tools for monopoly. Still, The FDA poses a far greater threat to the American populace. Long before the advent of the whore from my native Connecticut, Rosa DeLauro, and the entire Monsanto Administration, The FDA protected big pharma, et al. Let’s not forget the role of The ABTT Networks in this matter. We need to look no further than the commissioning of sainthood to the traitor, Gabby Giffords. Also, let’s not forget that she was one of three donees of Keith Olbermann. These people have names and faces, but the populace makes excuses for them, especially with any scintilla of ideology and/or partisan leanings.

The financial meltdown of Middle America is directly front-lined from The Federal Reserve. The diluted and devalued currency goes to bailouts and contractors first. The trickle down becomes a drop in the bucket.

Government Interventions Dwarf Gold
[chart]

Let’s make this chart very clear. Of the $5 trillion in gold ever mined...

• The U.S. government has thrown more than twice as much at the economy in the past 12 months.
• The U.S. debt is more than double this amount so far this year.
• Total global government bailouts are almost four times larger. (This is a conservative figure. One estimate puts it at $24 trillion.)

I intended to include annual gold production as one of the comparisons, but the chart isn’t big enough and neither is this book: 2008’s global gold production equaled about $73 billion. To make that figure discernable on the chart would require the Total World Bailouts bar to hit the ceiling above your head. That’s how small the gold market is.

The implications are undeniable: When the greater public rushes into gold – whether in response to inflation, dollar woes, war, whatever – the price will be forced up by an order of magnitude.

(from Casey’s Gold & Resource Report)

The polies’ good is to be reelected. That’s their game. It takes knowledge and a will to clean house, as well as a jettisoning of ideologies and partisanship. Amerikkka lies on the brink of financial collapse as soon as the dollar (FRNs) ceases being the world’s reserve currency. Then there won’t be all these agencies and “assistance” programs. Instead, there will be blood in the streets.

BTW, concerning food and health, here’s a recent post on an outstanding board frequented by a number of posters here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60489420

[highline]

TopHat Member Level Share Tuesday, March 15, 2011 2:38:08 PM
Re: None Post # of 4828
How to Explain the Current Economic Situation to Friends & Family

Use the following story about: My Troubled Relative

I need your advice. I have a relative in financial trouble. He makes $50,000 a year, but he spent $74,591 last year, and his prospects of making $50,000 this year look kind of bad. There's a good chance he will get a pay cut.

Unfortunately, he’s been overspending for quite a while and has charged $295,632 on credit cards. He’s been lucky enough to get low teaser rates, and when those expired, he’s been able to transfer the balances to other low rate cards. So he keeps charging $24,591 per year beyond his income. If he can’t keep rolling over his debt at super low rates the interest will quickly eat him up.

But, that's not his worst problem . He convinced his family he was a great investor. His parents gave him a portion of their income for many years, and he promised he would make regular payments to them, and cover their medical care, when they got too old to work. The problem is, he spent all the money. He also has dependents who are poor, and he promised to help them out too. He needs $2,372,953 sitting in a bank account earning an interest rate that keeps up with inflation. But the money is all gone.

So what should he do? Well, his Republican friends, who say they are responsible with money, have decided he must really cut spending to get things under control. There are lots of things he can live without, so he should reduce spending by $1,292 per year. His Democrat friends say that’s too much. It would be a great hardship to cut spending that drastically, and $137 should be about right.

So here’s the picture:

$50,000: Income
$74,591: Expenses
$24,591: Deficit
$295,632: Short-term revovling debt at artificially low rates
$2,372,632: Unfunded promises
$1,292: Republican friends budget cuts
$137: Democrat friends budget cuts
So, what does the future look like for my Uncle Sam? Do you think he can keep going like this much longer? What about his family that’s counting on the promises he made to them? Do you see any possible solution other than bankruptcy?

Multiply the above numbers by 47,620,000 and you get the fiscal picture for the United States Government in 2010:

$2.381 Trillion: Revenuw
$3.552 Trillion: Budget
$1.171 Trillion: Deficit
$14.078 Trillion: Debt
$113 Trillion: Unfunded Liabilities (Social Security, Medicare, Medicaid)
$0.0615 Trillion ($61.5 Billion): Republican proposed budget cuts
$0.0065 Trillion ($6.5 Billion): Democrat proposed budget cuts

http://www.chrismartenson.com/blog/how-explain-current-economic-situation-friends-and-family/54409?