~ Where the Sun Will Never Set on Our liberty ~
Bums and Thieves in the New America
The reason why many government structures do not work is that sooner or later someone must plant the food, sew the clothes, build the houses and make the energy.
It would take almost no thought to see what works and does not work in this world. The countries with the highest degree of capitalism - which is making things and bartering - have a far higher level of civilization than those who do not. People wonder why Germany is doing well and Greece is failing and some of those people say very odd things. Instead, simply consider this. What are people buying from Greece and what are they buying from Germany? Well, Germany clearly sells BMW's, Mercedes, Volkswagens, Audis and more to the world. Germany also is home to Deutsch Telekom who claims to be the largest phone company in the world. German engineering is revered. Now what do you buy from Greece? Cost Rica? Kenya? Actually, I am a very big fan of George Obama from Kenya (a half brother of a famous Obama) who wished that the UK would have stayed there longer in Kenya - and gotten the economy going. Yes, there is an Obama I would like to have a beer with - but it is George Obama.
The US used to be the greatest country on earth, But no more. We are rapidly losing our place and with it, our civilization. It has become fashionable in the US to hate capitalism - the very thing that is paying the bills, and giving us our civilization. What? You thought food magically appeared in grocery stores? As for the government, I have watched C-Span. The first thing I notice is that government people sit on their butts. They do not plant food, sew clothes, build buildings or make energy. In short, they cannot save you unless they simply steal things from others - a theft some people call a "tax".
With capitalism being damaged in the US, it is only logical that money income is also disappearing into the US Treasury. That is logical since there are fewer businesses and fewer workers who can pay taxes. That is what I plainly see when I look at US finances and graph it and draw construction lines. What amazes me is that few others do that research. But with far less money coming in and when the government continues huge expenditures, that means huge deficits per year. The US has had record deficits there last few years since 2008 - some times three times higher than the Bush average and about 15 times higher than the Bill Clinton average. Well, that yearly deficit is so high that it can be no longer be covered by loans. And so since 2009, the US Fed has been printing money to pay the bills. The Fed now prints $85 billion per month of fictional currency not backed up by gold or goods and services. Multiply that by 12 and you get over $1 trillion a year of fictional money the US is printing rather than working (capitalism).
And we think the rest of the world will not care? They will not care if the US is now run by bums and thieves who sit on their butt and instead of working prints fictional money? Why should the rest of the world continue to honor US currency and work and make food for a bunch of bums and thieves in the US? If I were one of the 191 countries I would not honor US currency any more. If I were a credit rating bureau, I would not simply drop the US a little from AAA rating but to an F rating. We are no longer a serious country. We have become a country of bums and thieves - waiting for the world to lose their temper and make the US dollar worthless - or at least greatly devalued. Then all will cost much more for food and goods. Then seniors on a fixed income will be damaged hugely. Then interest rates will sore to cover the massive inflation. If someone thinks I am wrong, then do what Obama does. Print $1 trillion a year in your basement. Let me know how it works for you. The same reason why you are not allowed to do that - is the same reason why Obama is not allowed to do that - it cheats others.
Note: For the purists in the above, the Fed some say cannot print money - the Treasury must do that. But if the Fed is buying bonds then that means that the fed is the one giving the US loans for its deficit and overall total debt. That would be like you giving yourself a loan to cover your mortgage. How does that work? Something real must be going to the creditors. And that "reality" is money - printed or perhaps just a total on a spreadsheet. But clearly, money is being created. Those arguing the exact method (such as the Huffington Post) are missing the elephant in the room - and likely on purpose. The US giving itself bonds or loans - is really not different than printing money.