America's Existential Challenge

Flopping Aces ^ | 02-16-16 | James Raider

[Starman417]

 

The most extensive theft of our cash has been imposed by our own Federal Government. The politically motivated and seemingly endless printing of dollars has reduced the value of our cash. With a rapidly ascending National debt already stepping over the $19 trillion mark, an economy visibly slowing having been in a depression since 2007, real unemployment increasing and unemployment duration at historical highs fundamentally changing the Nation, America is sagging under wage deflation. We can thank reckless self-serving senior bankers, politicians and overstepping government for leading the country down a trail toward destruction.

We function in an orchestrated economy manipulated by central bankers and influenced by politically whipped government bureaucracies. For most of the current Administration's tenure, job creation has depended on the exploitation of taxpayers. Jobs have principally been of government provenance directly, or indirectly in healthcare, education and defense.

Constant misrepresentation by Obama's rhetoric is no longer resonating for the vast majority of unemployed or underemployed Americans. The overwhelming success of outsiders on the current Presidential campaign trail tells us most of America doesn't believe the lies. The extent of the government lies suggest we may as well be listening to China's pronouncements.

We may look upon China's Communist Party centrally controlled economy with some derision, and yet the increasingly centralized nature of our banker and politician controlled economy is rapidly moving in the same direction - ignoring the Constitution, ignoring human nature, ignoring common sense, ignoring principals of truth and morals, we head straight into the arms of socialism on our way to communism. We are on our way to government intrusion and meddling into all aspects of our lives, both personal and business.

Our generally rosy and growing standard of living was supposed to be assured when the Bretton Woods Conference established the dollar's position as the world's reserve currency at the end of WWII. Key to America's strength and the confidence in its currency was heavily influenced by gold's backing of the dollar and gold price being fixed to the dollar. Washington profligacy, however, deteriorated international confidence in the Bretton Woods accord.

After Nixon disconnected the dollar from gold in 1971, the newly-floating dollar's strength was bolstered by the petrodollar system negotiated with Saudi Arabia in 1973. Its oil producing neighbors such as Kuwait, Bahrain, Qatar and UAE, swiftly followed suit agreeing to only accept 'dollars' for oil. As demand for oil increased in a developing and consuming world, so too global demand for dollars increased. Military protection was part of the quid pro quo. It should also be noted that this deal enabled the United States to purchase oil with currency it controlled (printed).

The most addictive and powerful narcotic element ever known to mankind had been engendered by bankers and approved by politicians - the unlimited and inexhaustible ability to print untethered dollars on demand without near term or mid term repercussions. Long term, not so much. Long term, central bankers, encouraged by politicians, used the 'dollar printing press' to manipulate society, manipulate the economy, and worst of all, artificially camouflage systemic economic problems as they have done with abandon particularly since 2008. For almost half a century, banks outdid themselves to advocate unquenchable consumption, but for the last twenty years, they've received serious debt marketing help from almost all politicians.

[blueunicorn6]

Food Stamps.

Look at Food Stamps.

That is how the Democrats are buying votes.

Going on food stamps, for the average American family, frees up enough cash for them to make car payments or college payments or vacation payments that someone else winds up paying for.

Stop food stamps immediately.

Make everyone reapply.

Toughen up eligibility.

Food stamps are driving up the price of food for all Americans.

Just so people will vote Democrat.

“The Democrats are paying for my new car by giving me food stamps!”

[JoeFromSidney]

The politically motivated and seemingly endless printing of dollars has reduced the value of our cash.

According to the Catholic Catechism, one of the sins "crying to Heaven for vengeance," is "Defrauding the worker of his wages." But by deliberately reducing the value of the dollar, that is exactly what the Federal Reserve is doing.