Posted on 09/03/2009 8:47:00 AM PDT by Sammy67
Michelle Malkin: Independent TV documentarian Jan Helfeld asks California Democrat Rep. Pete Stark about the national debt and the economy. Stark tells him repeatedly to “shut up,
(Excerpt) Read more at breitbart.tv ...
Hard to believe others need to be told this.
Dragnet, you seem to have misunderstood cliniclinical from the very beginning and rather than realize it, or admit it, you stubbornly continue down a dead end and rocky road. Yet, when jkeith3213 says the same thing as cliniclinical you readily agree.
Let me take a whack at it, although I have probably driven you deeper into your foxhole.
There is a difference in the Washington way and the “real world” way. It all started with the creation of The Federal Reserve Bank. The purpose was to remove us from the rigors of the discipline of having all U.S. currency backed by gold and silver kept by the federal government. If you no longer trusted the government you could turn it in for an equivalency of gold or silver.
This provided a strong foundation for our money supply. Remember, money is just a vehicle to facilitate barter and trade. It is a medium of exchange.
Now this gets into an area where I like to say, “Economics is easy, bookkeeping and accounting are hard.” Economics is simply applying or observing psychology in relation to barter and trade.
Once abandoning something of value backing our currency and depending upon simple trust in the government to do the right thing we got into the trickery of accounting. That is the crux of what is being explained here - how accounting is used to justify and sustain a farce. It is not economics, as you correctly state, it is accounting masquerading as economics.
Cliniclinical and jkeith3213 have explained that very well so I won’t attempt a repeat, However, I will add that Capitalism is a Communist invention, or term. It is how they distorted our economic system of Free Enterprise. Capitalism is the manipulation of money and its derivatives. The simple lending of money for interest is a basic and legitimate example and bank accounting is a good way to see what is happening.
When we put money in a bank in the form of deposits or savings the bank must record that as a liability. Money on hand is a liability? Yes, because they owe it to us. It is an Accounts Payable item, something they owe. When they make a loan to someone for a car, house, business venture or whatever that is considered and recorded as an asset or Accounts Receivable. Money they paid out is considered an asset? Yes, because it is backed by the good name, payment history, present or future ability to pay it back, and most importantly, collateral.
Now remove this: “payment history, present or future ability to pay it back, and most importantly, collateral” and you have our present Federal Reserve System.
We became the strongest and freest country in the world because of our Constitution and our free enterprise economic system. If someone wanted to destroy this country, as the Communists do, and they couldn’t do it militarily that is what they would attack - our Constitution and our free enterprise system. That is what they have done.
Pete Stark is part of that effort as are most Democrats, the labor, teachers and government workers unions, the media, and many other organizations, some of them financially supported by foreign money. Pete Stark, in this interview, is putting the Orwellian spin on the Washington way and Jan, the interviewer, is trying to bring the real world into the discussion. They are talking past each other as if each were speaking a different language which, economically, they are. You and others are doing the same although they are trying to translate it for you.
As the recent economic “crisis” has shown we have finally become, through the efforts of the Communists within, more of a Capitalist System than a Free Enterprise System. Therefore, you will see more and more of this double-speak about economics, justice, “rights”, etc., so get used to it. Your common sense tells you that up is not down but the Democrats and the others will try to tell you it is. “The Public Option” in healthcare is another recent example.
(Don’t look for my definitions in any dictionary or textbook, they are simply my way to make a point.)
We completely agree, I was just pointing out that stark is a statist, who does not know the difference between wealth and money. There were many assertions that what stark said was fact, unless you hold the statist keynesian point of view, which is ignorant at best, then it is not fact, but fiction.
I wasn’t even arguing, just pointing out what stark blathered about is a work of fantasy, and all some could think about was to attack the interviewer. I don’t think it was above the man’s head, its more likely that he was allowing stark enough rope to hang himself, as pointed to when he stated that we should just borrow more money and we’ll all be wealthy. Then stark not only showed his statist incompetent thoughts on wealth, but his true nature and attitudes on other people.
That is why I prefaced my statement, with, “I think you’re missing the point. “
Of course, looking back at my posts, maybe I should have used people or one instead of “you”. I wasn’t meaning to be accusing anyone here of being statists, just you as a generality, while pointing out that people here, were missing the point.
This has turned into an very interesting and informative discussion! I appreciate it...
Not having a degree in economics and being essentially self-taught in these matters I know I make mistakes in how I present my information and form my arguments. For that, I am sorry and do not mean for it to cloud or distort the real fight.
Bottom line - Mr. Stark, whether or not he is aware, malicious, purposeful, a dunderhead, or a combination of all, serves up some amazing softballs that the interviewer throws his back out missing. Mr. Stark knows how to bust up an interview and he does get very frustrated at the interviewer’s apparent lack of understanding of Mr. Stark’s points. This is a terrible interview and it perfectly allows Mr. Stark to end it before he really steps in a pile...
In addition, Mr. Stark either actually believes that the “wealth” of this Nation is tied to the money supply (hence his use of the word “debt”), or he is deeply ignorant of how the very system he supports is robbing this Nation of its true wealth - production, productive capability, and assets. Even worse, Mr. Stark may know all of this and willfully be shilling for the Central Bank.
Politicians love money because it is the basis of their power. As others have stated, the “consent of the governed” used to be at the core of a politician’s power, but now it lies in how much money can be shifted from those who produce to those who consume without (or minimal) production.
This money must come from somewhere, and if you think it comes from our taxes, then you are terribly wrong. It comes from the ability of the government to cash its own checks from its own bank regardless of whether or not there is a positive balance in the account.
We, through our silence and actions at the voting both, have agreed with the actions of these politicians. We allowed it to become acceptable for the government to freely go into unfathomable debt to print a huge amount of money, completely detached from production and true wealth. We have allowed the Central Bank to manipulate that same money through inflationary and deflationary policies to rob the individual citizens of their earned wealth, and hence have limited the ability of the citizenry to oppose the politician.
Politicians like Mr. Stark are a dime a dozen these days. They infest both sides of the aisle and readily subvert Freedom to further empower themselves on the backs of the citizens. Voting them out is not enough. The very system must change, generational thinking must be altered, education must espouse Freedom and the strength of the individual.
I’m here to contribute the best I can, and I think that all of us are essentially fighting for the same cause. I’m up for the debate, but I am also ready to act. Freedom is a simple word, but a profound concept. Once it is gone and the People forget what it means to be free, the Republic is dead.
I have to disagree with you on that. The interviewer set out to make the congressman look like a total fool and he succeeded wildly.
For a person to behave like Stark did, using foul language while being recorded, and actually threatening the interviewer with physical harm, (on camera) clearly shows the interviewee felt trapped, and backed into a corner.
Stark was obviously ill equipped to handle these questions, and his logic and reason reached a dead end, and all that was left was profanity and threats.
I personally have seen this many times when people are backed into a corner with really hard questions, and they know damn well their responses will clearly be seen as inconstant or just flat out lies.
I don’t know - I think Mr. Stark could handled making himself a total fool regardless of the interviewer.
However, I still think this interviewer failed to control the interview and allowed Mr. Stark to end it abruptly, hence preventing the interviewer from getting any substantive information.
The proof is that only a small minority of the observers and commentators are discussing the fact that Mr. Stark is but a small cog in a giant problem of a wheel that needs resolution. Most people have reacted to his emotional reaction to the interviewer - giving Mr. Stark the win to me as far as completely controlling the interview and getting away without being held to task on his “deeper” understanding of the monetary system.
Exactly...
Keep in mind, though, that Mr. Stark’s behavior won his freedom from the interviewer. He didn’t answer the questions to which you refer and therefore his strategy worked and he got away...
I’m disappointed with the interviewer for badgering him and allowing him to use this technique to end the interview.
It’s nice to be reminded the Mr. Stark is a pompous a**, but he again was able to run cover for those he serves...
Not good for us.
Cheers!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.