On the other hand, could it be the mental atrophy, seemingly unabated, continuing on this same path?
Is there any proof needed to confirm that our atrophy—this absolute illogical irrational reasoning—of our society and the individuals…the citizens of this nation…that we may have lost even the ability to reason—especially in the arena of politics, press, and the bureaucracy then yesterday’s offerings?
There of course are the headlines, of those who have no mores, standards of civilized action do things that sensible rational people,—fortunately…I still somehow still have hope for… the majority of our population—would never ever consider. The reason, obvious, we are a Christian Nation with the philosophical foundations of this Christianity, the sanctity of ‘Life.’ How we in this nation use ‘civil rights’ to advance killing of the unborn, the most innocent is still something that with mental cognitiveness is beyond comprehension.
Do crazy people do crazy things? If we reject that premise, we refute the simple reality we are as someone identified us, Homo sapiens, thinking man.
Nationally the message that was dismissed ignored, and if one wasn’t scanning the information of idiotic mantra of dogmatic minutia, we accept as news, it may have not been even noticed.
New figures by the Congressional Budget Office released on Monday reveal that over the next 10 years the U.S. debt-to-GDP ratio will double to 78%.
Over the last four decades, America's average debt-to-GDP ratio was 39%. At the end of 2007, federal debt was just 35% of GDP. The CBO report says gross federal debt will soar from $17.7 trillion to $27 trillion over the next ten years.
As ominous as this headline seems, it is a lie, and it does not even begin to explain the real danger this nation is facing.
As if not to be outdone, those of the—I’m not sure what to call them anymore? We identify them as Republicans…but if your policies are designed for the republics destruction, not its preservation…plan to advance more communist designs in our nation, and the debauchery of the ‘solid’ currency of our nation, what about the party has proven they are for the Republic?
Reading the headlines, and then reading this travesty of a budget, the name gave me a headache, ‘The Path to Prosperity—A Responsible Balanced budget.’
Here is the horrible fact. They are both lies, premeditated, that perpetuates and feed on the ignorance of this nation’s citizens.
If one takes all of the presentation of both of these reports, combines them elevates them to some exponential power of (nth) to the highest possible, and compares them to ‘cow flatulence,’ the flatulence for value would be much greater.
Have you put gas in your automobile in the last (5) years? Gone to the grocery store, buying food, and been cognitive of the ‘PRICE?’ Bought anything, even that imported from the supplier of most manufactured goods in this nation…China…and noticed what is happening to the price? Are our citizens, our population so beyond even comprehension of the reality of what reality is; we have no idea? Here is something that every American should know, and memorize right along the Pledge to the Nation of our allegiance. Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose—John Maynard Keynes, 'The Economic Consequences of the Peace!'
What that says, for those who don’t put the destruction of the ‘value’ of the ‘purchasing power’ of the ‘wealth’ you earn, is that the inflation you are experinceing is the—not only direct, but the premeditated—plan of the politicans that are in control of this nation. Gas is not of greater costs because gas is more expensive. It is more expensive because the value—the purchasing power—of the American…not dollar…but congressional monopoly money, is falling faster than a decending meteor in our atmosphere.
It is the same thing with these, both of these reports, is that they are written as if the dollar has some constant value. Our dollar has about the same value as the stability of the sand facing the ravages of hurricanes on our ocean shores.
In the ‘enumerations’ of the constitution of this nation, in section 8, line 5; To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
Who in their right mind would believe the intent, the principle of our founders was to have the government, debauch, and destroy the value of the very instrument of our economic activity? If so then you are one of the lucky few that can hold a conversation with our politicians, the Federal Reserve, and the bureaucracy of this nation; for they are the only ones that clueless.
To begin with understanding the monetary policy, we don’t need much knowledge. When this nation began, to insure that the ‘VALUE’ of the currency was retained—this nation used the Spanish pieces of eight. Why you may ask? I was simple really, the silver—as the base medal—of the coin, had the value of what the coin was worth—either as a coin, or the base medal. This is the foundation of currency. This is why the Constitution states regulate the value—the meaning, the principle, that is throughout our nation’s historical foundations—to preserve, maintain, retain, and keep the value of the currency. There was never a design to destroy, to debauch, and to devalue the value of the currency. Devaluing the currency is the same as ‘THEFT.’ To do so premeditatedly, is worse than just theft, it can only be identified as absolute soulless lack of any ethnical behavior of anyone. Yet, today this very action is the foundations of every action of our government, the administration, the congress, and the bureaucracy supporting their actions.
Historically the Spanish (8) was rejected as our currency when the Spanish, lowering the silver amount in their coin—incidentally this is the exact template and procedure of this nation—where it did not have ‘VALUE’ equal to the face amount…that the currency represented in currency transactions. This is the simple means of ‘debauching’ the value of the currency. To preserve the value of currency, by its property of existing value, wealth is a concept—this simple fact—is known called Say’s Law. This law states simply that ‘goods and services’ should buy ‘goods and services.’ The currency, the medium of exchange is just that—nothing but a medium of liquidity, a means—accomplishes the ‘contract’ of enterprise, the buying and selling. In the world of real solid currency, and stable value, this is and the only purpose of currency.
I know not the word that would be used to identify what a dollar is worth in the future, if one used it in any means to ‘forecast, or budget’ anything in the future. We amortize money, for value in the future, based on some rate of return. We earn, or it makes a return for its very existence for others to use that wealth—pay interest—and this results over time the wealth—the value we initially had…has some value in the future.
Now for the government to make such a projection, the inverse must be included in the budget proposal. To make it in terms that is easier to imagine here is an example. When I quit smoking, I earned about $10 hour. A carton of cigarettes cost $2.32, two dollars and thirty-two cents a carton. In a vending machine, a pack of cigarettes was 25¢. The wealth—the currency value of my money, my currency—measured in cigarettes was for each hour of labor, I could purchase 40 packs of smokes. For a quarter a pack, for a dollar 4 packs, for 10 dollars 40 packs. Today a pack of smokes, in the state where I lived and was a heavy smoker, the cost for a pack of cigarettes is ≈ $6. Now for me to have the same wealth of purchasing power, per hour of labor, using cigarettes as the baseline of wealth, what would my wage per hour be? To remain constant is easy. It would be—40 packs, what I could buy at 25¢/pack, times (the current cost) of $6 pack times the number of packs an hour of labor would purchase. The wage requirement would be $240 dollars an hour, just to maintain the purchasing power of when I quit smoking. Though I’ve charged more than that for an hour of my service, I’ll ensure you, I did not get that amount as my payment for services.
It is the same in every measurement—in each commodity—in each service, of our society. The difference of separation between those who make more, and increase their wealth, is not that they are paid more. The difference is that the service they provide, such as the most skilled and least available—an example a skilled surgeon—have been able to retain their purchasing power of their labor, not that it cost more, but because they are retaining this—PURCHASING POWER—of their service costs. Those who have less demand, cannot raise their ‘cost’ as there is competition, and others who will provide the service at a ‘RATE, a PRICE’ that purchasers will pay.
The result, the less skilled, the less in control of the economic environment they participate in, are the first victims of the ‘government’ ‘debauchery’ of the ‘VALUE’ of our ‘currency’ and ‘monetary’ policy.
That is the past record of the wonders of our nation’s government—for who are the only people who can change the ‘VALUE’ of our currency—is our wondrous government, and the most incompetent financial institute known in the literacy of man, the Federal Reserve, a travesty beyond measure.
What are the current conditions of our wondrous incompetent legislative bodies, the congress, the bureaucracy, and most certainly beyond any doubt the tragedy without comparison, the oBOMBo administration?
You can look up any consumer index of value in comparison to the American dollar since this error of this nation. You will inform yourself that the purchasing power, since the emasculation of this Mea Maxima Culpa, America’s greatest mistake, is ½ or 50% of what it was when he took office. What the Congressional Budget Bureau’s report is explaining—that the next 5 years this rate of debauchery, the loss of the dollars, purchasing power ‘wealth’ will accelerate, and be even more.
So let’s use just this simple reference as our ‘constant’ of losing buying power.
In a ten year budget what would that mean? Here is the question, not asked, not considered, or even thought about.
If the dollar—today’s dollar—is devalued at this rate, over a five year period—what does that mean to our calculations?
First of all, any savings proposed by reductions in whatever magic is being proposed are false, and a fallacy. Fact is, in 5 years the amount of saving proposed will be only ½ of what the projection states. Why is, of should be hopefully by now, that the dollar value is less by this 50%, so any saving expected will also be less—by the same 50%.
As if that isn’t bad enough, there is another problem. We are looking over what seems like eternity when evaluating the incompetency of our government. We are also adding another 5 years upon the first 5 years. We know, the minimum loss of wealth, by the record of our comparison currently of debauchery, is for every 5 years the value of wealth of the dollar is being cut in half. The result, that 50% reduction of the current dollar down to ½ of its value, will reduce that amount by another 50% over the next five years. So we will not be receiving any reduction of savings dollar for today dollar in 10 years, we will receive only 25¢ for every dollar currently budgeted. So whatever illusion, or hallucination that this budget of magical imagination states will occur, is 4 times higher than fact, even at this limited devaluation—we are told will accelerate.
If this was the only part of the problem perhaps it would be allowable to forgive such a misrepresentation of reality. Unfortunately, this is just the tip of the iceberg.
For those who have never done budgeting, this is a down and dirty quick scenario. You are attempting to ‘project’ into the future, based on what has happened, or is currently happening. It’s that simple. A comparative of what you know your income steam was, and the expenses you have and will continue to have. In the government budgeting this is the comparative, they are in some illusion attempting. The things we can—cut back on—decrease expenses—and compare them to—the expenses, what we will have to pay in the future. If costs are reduced, and the expenses stay the same…this will lead to a reduction in the fiscal position of the organization, the company, or even the government.
This is impossible because of what we’ve just identified with the problem in savings. The saving we thing we will realize, can’t happen because the wealth—the value—of the dollar is shrinking. So even if in dollars you can make it look like a reduction—it is not. For the value, the wealth of each and every dollar is falling, making the whole process a fallacy.
The savings are only the small part. For those expenses you—budgeted—for whatever amount proposed, were also made projecting the ‘value, the wealth’ of the dollar was to remain constant. If there is one thing we know about the dollar, since 1810—that is about as likely as Christ’s resurrection occurring tomorrow.
For you see, all of those cost of tomorrow in this budget projection are also a lie. For the dollar of payment tomorrow, will reflect the value of the dollar tomorrow. It is the reason since this communist design of fiscal policy has been advanced, the cost of energy, has doubled. The cost of attempting to secure—and preserve wealth…with gold—has doubled. Every commodity that is able to preserve value has doubled. The proof, it had to, for if the value of wealth of the currency, the dollar is half—is it not logical, reasonable, and factual that the cost of those commodities would be twice—to maintain the value of the commodity?
So we know, that the dollar’s value is shrinking by 50%, at the current rate, every 5 years. So if we budget for tomorrow, we cannot use the dollars of today, we must use the ‘VALUE’ of that dollar at the time span. In five years, for every expense budgeted for, will require twice the amount of dollars budgeted for. If we extend it to ten year, we will double that again. So for every dollar of expense budgeted out ten years, based on the dollar today, will require not a dollar, but 4 dollars for each dollar currently of recognized expense.
Remember, we are making a comparative between savings, and expenses, to reduce the deficit. If we have underestimated—or fallacy budgeted—our reductions, hypothesized by a factor of 4, meaning we are only going to get ¼ the amount of reductions we are saying we will. While we have underestimated our spending requirements by this same factor of 4, meaning we will need 4 times the dollars we thought we would, or we projected we would. The results are, the proposed illusion of savings is such a fallacy it is impossible to even consider. The gap, the differential between expenses and reductions is reduced not by a percentage, nor is it reduced by a factor. If the proposal suggests we will have a $100 reduction, in reality, the budget is probably a deficit 8 time larger than any reduction initially ‘proposed.’
Our history has only one example of reducing the size of government and beginning to achieve fiscal responsibility. It was done with one action, and action alone, nothing else. It occurred with Warren Harding. He and he alone reduced the deficit, the only time in this nation’s history ever it occurred. His tool, shrink the size of government. This is the same format that all businesses use when market share shrinks, resulting that they have deficit fiscal positions. There is no other know way possible for it to happen, now or nevermore. This fallacy of increasing government employment, government spending in the economy, government intrusion into the ‘crony’ capitalism of insanity—can and can only—result in not the reduction of the problem, but by these same actions it acerbates and accelerates the reason in the first place the problem exists.
Ever government employee, puts 2½ other people out of work. Every dollar spent by government, steals $2.50 from the wealth of the people in this nation. Every dollar borrowed by the government, is paid for immediately by the reduction in the ‘wealth’ of the dollars of the citizens of this nation.
Economic illiteracy, in the citizens, is horrible enough. That our government agencies, our bureaucracy, our congress, the bureau of budget, and the administration are also economic—not only illiterate—but ignorant, is a tragedy that we must be corrected, if we are to save this nation.