Headline: You Owe $455,000 “According to the Government Accounting Office, each American household owes $455,000. This is your share of the $53 trillion in long-term liabilities held by the U.S.“ How do you spell economic slavery? F-E-D.
Did you authorize such expenditures leading to the indebtedness of your grandchildren? The Keynesians are squirming as Ron Paul is looking more correct everyday regarding the bankrupt inevitability of relying on a debased currency for economic stability.
The Austrian school of economic thought has always been grounded in a principled understanding of the Law of Cause and Effect. The Fiat Money Masters have excelled in the sleight-of-hand tricks made famous by black-hatted illusionists of the international banking cartels. What was it Jesus said about the “money changers”? Beware. We didn’t and the people of planet earth stand on the precipice of a global economic catastrophe brought about by our reliance on paper money created from thin air.
What do Democrats and Republicans propose as a solution? More spending, more taxes and more indebtedness. How did we ever let children into positions of such power? Some of you might try to claim that Republicans are not for more spending and taxes. What are you smoking? John McCain is all about another bailout. With what money? That which is created by the FED from thin air and then used to enslave you and your heirs in a never-ending cycle of boom-bust-boom-bust until now when it just goes bust-bust-bust. How do we get a bust reduction? Restore sound money to the landscape. Since the Constitution has not yet officially been repealed, I believe that Article One, Section 10 still applies:
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
How is increased spending a tax if taxes are not specifically raised in support of that spending? Inflation. Inflation is a tax?
It is actually the worst and most insidious because it occurs without the consent of the governed. Ron Paul, in his questioning of Fed Chairman Ben Bernanke last week, actually got him to admit in congress that inflation IS a tax. Dude! You want a litmus for candidates for the presidency? Ask them if they believe that the Federal Reserve System is part of the government. If they answer “yes” they are immediately disqualified for being too dumb to head the Executive branch.
When your children are born into a half-million dollars of debt at the time of their first breath and the politicians only work to increase it — you know that the economic inmates are running the asylum. Vote McCain and Obama for more of the same. The only change you’ll get are the clad coins that become worth more than their face value as Bernanke’s printing presses run 24-7 to delay the inevitable. Too bad they made it illegal to melt down pennies and nickels to sell for their scrap value, as it now exceeds their denominated value. Inflation is immoral, unethical and used to be punished by death. I only hope that it does not result in the death of our nation. It does not have to.
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Don’t give up on liberty or your kids and grandkids may curse you one day. Personally, I would like to have them look back at this time in gratitude for those of us who stood up for liberty against the political-economic tyranny of the two headed beast known as the Republicrats and Demicans.
Freedom is not free, but neither is it indebted to the tune of $455,000 FRN’s per American at birth. That’s called being born into slavery.