Tea Party Hangover

   Posted by: chris   in Fish Talk

I was going to start this article by saying that I am absolutely amazed by the Tea Party, when the reality is that I am absolutely amazed by the gullibility if not stupidity of the voting public.

First things first do you realize when you go out to vote that you are actually choosing someone to represent you and your rights as a citizen, someone who is going to write and vote on legislation that will effect you directly and the whole world in which we all must live, lets drill baby drill.

If you where starting a large corporation would you choose this person as its CEO to run this corporation without any further input from you for the next 4 years regardless of the mess they where making of your corporation with ineptitude and total lack of interest in the job description for which they where hired.

Listen up people you are hiring/electing a CEO/representative for the US district in which you and your children must live, work and hopefully thrive.

Now to the tea party, other than negativity what do they actually stand for? It’s like lets cut taxes and build a 20 ft wall across the country. OK let’s build a wall and OH!! Who will we invoice for the cost!! Cut taxes yeah! Right!

I heard a candidate last night proclaim that when he gets to Washington that he will cut taxes and increase jobs and I thought someone is listening to him and thinking that sounds good why not vote for this guy,,, and there in a nut shell you have the fault at the core of the system. The electorate charged with hiring the board to run the country are naïve, stupid, gulliable and and and  well you get the drift.

Here’s the deal people there is nothing wrong with the system that is the economy which in effect is America. I asked someone last week what in his opinion is America!! His answer was America is the home of the free and the land of the brave!!

America is the Federal Reserve System which is actually owned and operated by a few wealthy bankers.

Notice that it is not the Federal Reserve rather it is the Federal Reserve System, with “system” being the optimum word. This system is the basis of the American economy which is in reality the market place that is America. America is a system owned and operated by the Federal Reserve for profit!!!!

The tea party wants to cut taxes and the only taxes most of their followers pay is income taxes. I wonder what percentage of income taxes goes to the owners of the Federal Reserve for operating the System. I don’t know but conservative estimates guess that somewhere in the region of 99.8 to 99.9 percent of income tax goes directly to the Federal Reserve as interest payments on the bonds they hold from the Federal Government.

Time was when money was backed by gold or silver held in reserve by the issuing bank, that was before some genius came up with the reserve system and conned the government into going with it and giving them sole rights to the franchise.

This quote is by Woodrow Wilson the President who signed the act bringing the Federal Reserve into being:

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson, after signing the Federal Reserve into existence

Money works this way. The government writes a note called a bond and the Federal Reserve writes a check. Now the thing is that 10 seconds before this transaction took place neither the bond or check existed.

The creation of the bond (paper) actually created the money, before/without the bond there is no money. All money is debt, without debt there is no money.

The neat trick in the Federal Reserve System is that it allows for the creation of unlimited money simply by creating an IOU which is commonly referred to as “paper”. The even neater trick is that this paper comes with an interest rate attached.

So the government creates a bond which enables the Federal Reserve to create a check which in turn enables the printing of dollar bills/notes and all the while the IRS collects taxes to pay the interest on the bonds created by the Federal Government.

You might ask why doesn’t the government just cut out the Federal Reserve and operate the System themselves and use the taxes paid in interest to the Federal Reserve to build a wall across the country to keep the Mexicans out.

And this is where stupidity comes into play. You are stupid, I am stupid and everyone both you and I know is stupid and not alone are we stupid we are also scared shitless!

There is nothing wrong with the economy. Within the System that our economy operates periods like this are a built in correction.

Most people think that inflation is when prices rise and deflation is when prices go down.

Inflation is when the supply of money increases and deflation is when the supply of money decreases. You might be excused for asking how does the supply of money go down, where does the money go to. This one had me in a mental haze for years.

How does the Fed stem inflation, they raise interest rates. Raising interest rates discourages borrowing which in turn restricts the creation of money.

When you go to the bank and buy a home the bank doesn’t loan you money that they have lying in a vault. The actual creation of the Note portion of the mortgage/home loan creates the money which the bank loans you.

Because the Federal Reserve System allows money to be backed by paper instead of gold or silver the simple act of borrowing creates new money inflating the supply of money in the economy.

Inflation and deflation or boom and bust are integral and necessary parts of the working of a fiat currency system such as that operated by the Federal Reserve.

So when someone tells you that they can fix the system and get the country up and running they are actually lying through their teeth.

What we are presently experiencing is a natural as a hurricane in hurricane season. There is no stopping it, it must run its course and when it has run its course we can start cleaning up the mess it left behind. Cleaning up the mess is boom. When the mess is cleaned up and everything is looking good the system will come around once again to knock it down.

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This entry was posted on Wednesday, September 15th, 2010 at 1:01 pm and is filed under Fish Talk. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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