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lowrentyieldmakessense(honest!)

I Did No More Than You Let Me Do

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this guy gets it

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Money doesn’t grow on trees for most of America. We sit down at our kitchen tables and write out checks to the phone-company, electric company, credit card-company, mortgage-company, and auto finance company every month. We clip coupons and go to the grocery store every week to put food in the mouths of our children. This is what our parents did before us. We work 40 to 60 hours a week to pay these bills and feed those mouths. It’s not easy. We do it because that is what hard working American families do. We work hard, try to save some money for a rainy day and do the best we can. We had been taught that nothing in this world was free. We have been misled. If you were wicked, taking risks beyond the comprehension of average Americans and endangering the entire worldwide financial system, money does grow on trees and there is plenty for free. Money can be printed out of thin air by the wicked and doled out to the wicked. The definition of wicked is:

Evil in principle or practice; deviating from morality; contrary to the moral or divine law; addicted to vice or sin; sinful; immoral; profligate

To put it in the most basic terms, what has happened in this country in the last decade is that evil wicked people have attained positions of power in government, banking, and industry and have committed sins against humanity for their own glory and enrichment. Those who should have stood up to these evil doers are just as guilty as the engineer driving the train to Auschwitz. Albert Einstein understood this danger:

“The world is a dangerous place to live; not because of the people who are evil, but because of the people who don't do anything about it.”

There have always been evil people. Adolf Hitler, Joseph Stalin, Bernie Madoff, Dennis Kozlowski, Charles Manson, Charles Keating Jr., Joe McCarthy, Jeff Skilling, Bernie Ebbers, Jim Jones, Michael Milken, and Ivan Boesky come to mind. Some committed horrendous atrocities, others stole billions, others destroyed reputations, and others lived lives of decadence and immorality. The reason they are all household names is because they were able to commit their crimes because other people didn’t do anything to stop them. All of these men could have been stopped if citizens, coworkers, auditors, Prime Ministers, government regulators, Boards of Directors, Congressmen, or family members had been brave enough and moral enough to make a stand against their evil deeds. The one and only poem that ever made an impression on me in high school was The Hangman by Maurice Ogden. Below are the last stanzas. Evil can only flourish in society if we allow it to flourish. A society united against wickedness, dishonesty, corruption and wantonness could stand the test of time. I’m afraid our Great American Republic has allowed evil to flourish, and the hangman’s scaffold has grown to enormous proportions.

Government Evil

“Society in every state is a blessing, but government, even in its best stage, is but a necessary evil; in its worst state an intolerable one.”

Thomas Paine

* When elected government officials secretly collude with bankers to create a non-governmental Federal Reserve Bank that controls the currency of the country and systematically generates inflation to allow government to spend at an ever increasing rate.

* Taxing citizens to create bureaucratic government agencies and programs that fail to accomplish their mission while continuing to grow in size as politicians use them to reward the contributors to their re-election campaigns.

* Congressmen allowing 40,000 highly paid corporate lobbyists in Washington DC to write laws and buy votes because it will keep them in power.

* Putting thousands of earmarks into every Congressional spending bill to benefit your supporters to the detriment of the country.

* When government employees leave government service and accept high paying jobs with the companies they previously regulated.

* The SEC hierarchy ignoring the conclusive evidence provided by Harry Markopoulos about the Bernie Madoff Ponzi scheme because Madoff was respected, connected and had friends in high places at the SEC.

* Low paid SEC investigators are purposely less stringent in their investigations because they want high paying jobs on Wall Street with the firms they are regulating.

* The Federal Reserve has purposely taken worthless assets onto their balance sheet from insolvent banks in order to fraudulently portray the U.S. banking system as healthy. They have committed billions of taxpayer funds with no oversight or audit of their activities.

* Taxing citizens to use the money to create offensive weapons of war and using them to preemptively invade a sovereign country with no Constitutionally required declaration of war.

* Launching hundreds of cruise missiles from a thousand miles away into a city of six million people, knowing thousands of innocent people would be murdered.

* Torturing human beings at Abu Ghraib and Guantanomo, thereby winning the fight, but losing the war. The U.S. will have no moral authority when American soldiers are captured and tortured.

* Invading a country under false pretenses in order to enforce our world view on a sovereign nation to secure billions of barrels of oil.

* Selling weapons of mass destruction to other nations.

* Convincing the majority of the population through manipulative means to give up freedoms and liberties in the name of safety and security.

* Monitoring the phone conversations, emails, and movements of American citizens without their knowledge.

* Paying farmers to not grow food, while millions in the world starve to death every year.

* Encouraging the poorest Americans to gamble what little they have at State sponsored casinos and in State run lotteries to pay for ever increasing State spending.

* Politicians spend money today in order to bribe their constituents for votes, while passing the bill onto future unborn generations.

* Politicians pass laws that reallocate wealth from producers to the takers in society and create a class of societal dependents who will continue to vote for more goodies and benefits.

* The FASB allows financial firms to value “assets” at whatever price they choose in order to mislead investors.

Total credit market debt as a percentage of GDP has risen from 130% of GDP in 1952 to 350% of GDP today. The various bailout and stimulus schemes enacted in the last year will drive this percentage above 400% in the near future. When a country allows this much debt to accumulate versus its GDP, they have done something seriously wrong. The country’s politicians, business leaders, and citizens have all contributed to this disaster. If the debt had been used for constructive fruitful purposes such as building refineries, laying pipelines, replacing decaying water pipes, building nuclear power plants, repairing the 156,000 structurally deficient bridges, or researching and developing cutting edge energy, biotech, or nanotech technologies the increase may have had some merit.

Instead, banks created new forms of debt to benefit themselves through excessive CEO pay, stock options to reliable lieutenants and stock buybacks to make EPS appear better. Government used debt to pay for useless wars of choice, tax cuts for the rich, expansion of the unfunded Medicare program, ethanol subsidies, and other payoffs to the 40,000 lobbyists scurrying around Washington DC like cockroaches. Of course, I didn’t intend to insult cockroaches. Americans used the debt buy and sell houses to each other, leasing cars they couldn’t afford, taking vacations they couldn’t afford, and buying doo-dads they didn’t need. Corporations used debt to buy and sell divisions to each other, bought back their own stock, rewarded management with $50 million compensation packages, while shipping millions of jobs to China. Reckless companies used leverage to do $3 trillion of mergers and acquisitions in 2006, at the top of the market.

The debt was wasted on non-productive assets, useless financial gimmicks and complex fraudulent products sold to investors. No one knows at what level the debt will swamp the ship of state. A rogue wave has just crashed across our bow and washed many overboard. A captain of state that cared about the remaining passengers would reverse course and take responsible evasive action. Our captain and his crew of gamblers have decided to speed up and take the ship of state headlong into a perfect storm. We all know how this will end it is only a matter of when.

We also know how it all began:

“Permit me to issue and control the money of a nation, and I care not who makes its laws.”

Mayer Amschel Rothschild

When the banking cartel succeeded in creating the Federal Reserve Bank in 1913, control of money in the United States was put into the hands of bankers whose sole purpose is to enrich themselves at the expense of the citizens of the country. Their relentless printing of money has resulted in the dollar losing 96% of its value since 1913. The printing of dollars has allowed politicians to spend money today and make unfunded commitments decades into the future. The systematic inflation created by the Federal Reserve is immoral as it impoverishes the middle class and senior citizens for the benefit of bankers, the elite rich and entrenched politicians. Much of the moral decay in our nation can be traced to the manipulation of money in the last 8 decades. During the 1950’s, 1960’s and into the 1970’s, a family of five could be supported with a father working and a mother staying at home with the children. Today, due to relentless inflation, the average family of four needs to have both parents working to maintain a similar lifestyle. Inflation adjusted median household income has been stagnant since 1970. The social pressures caused by the Federal Reserve induced inflation such as increased divorce, children raising themselves, and focus on material possessions has resulted in a society whose fabric is tearing.

The polarized extremists that dominate the dialogue in our country make rational necessary change virtually impossible. The public relations maggots have taken the “green” agenda into elementary schools and the mainstream media has done their usual job of misinforming the masses. As the “green” guru Al Gore continues to live in his 20 room mansion with 8 bathrooms while raking in millions as a partner in a joint venture firm, his misleading agenda is directing the country down the wrong path. The average Joe now believes that solar energy, ethanol, and higher mileage cars will save the earth and make the U.S., energy self sufficient. This is a big lie and will lead to suffering and economic calamity when oil prices soar past $200 a barrel in the foreseeable future. The U.S. no longer has the moral authority to tell other countries how to manage their finances. Our fiscal deficit as a % of GDP in 2009 will exceed 12%. Countries we have scoffed at and ridiculed like Italy, Mexico and Argentina will have deficits less than 4% of GDP. This is only the beginning.

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