Posted on

The Fed owns you. F**k the Fed!

So far, I’ve been plucking the low-hanging fruit. The truth of each post is painfully obvious. And there is plenty more of that be had. I’ll get to all of it before Election Day.

But there are one or two BIG, somewhat complex issues that will require you, if you’re a responsible adult, to do a little reading or research to fully understand. It is possible that many of you already know this stuff; perhaps better than I do. (Wait. Let’s not get carried away here.)

To the threat:

I want you to sit at your laptop and cup your hands together tightly over the keyboard. Have someone fill your hands with water. Now without spilling a drop, type a comment to this post.

Stupid, right? I hope no one tried it. If you did, there’s no point in you reading any further. You’re beyond help.

Well, that type of trick has been what the GOVERNMENT SAYS is the primary mission of the Federal Reserve. Keep inflation at bay while keeping unemployment low. The two are opposing forces. Left alone without interference they oscillate against each other in a healthy fashion. You have cyclical price increases and decreases. But you don’t have a constant state of inflation, a la Fed.

Recently, the Joe Duh Regime announced that they are ‘requiring” the Fed to add “creating equity in outcome” for minorities. You know who they are. They are the people the Joe Duh Regime thinks are too stupid to compete in the world without Mommy Government protecting them. I’m pretty sure Morgan Freeman, Charles Payne and Candace Owens, among millions of other “minority” people, would laugh at that.

So, from the cheap seats, the Federal Reserve is a benign creature created to look out for your interests.

Well, boys and girls, it’s not.

In order to truly understand this YOU MUST read The Creature From Jekyll Island, by Griffin. This is a heavily documented history of the Fed from it’s founding. What you will read will astound and infuriate you. The Fed, our equivalent of the Bank of England and the European Central bank, is a creature created to seal in concrete the power of our Central government. It also provides them the luxury of throwing away money, recently many trillions of dollars; to create the illusion they are giving you things. This keeps the unwashed away from the palace gates; keeps you numb nobodies sedated with ever depreciating money.

If time is an issue, there may be a good version of Cliff Notes for Creature. The ones I’ve seen online are pretty lame. No explanation of terms, etc. But read it!

People think the Fed is answerable to the government. That’s how it was sold to congress to create it. It is actually a conglomeration of powerful banks that hold an unacceptable amount of power OVER the government and utterly over YOU.

There are others who hold Fed shares, but the big Fed powerhouses are Bank of America, JP Morgan, Citigroup and Wells Fargo. (It would be worth checking to see if Blackrock and Vanguard hold shares, considering what I posted here.) If they were the least interested in the common good that would be great. But they are not. They are interested in their bottom line, first, last and always.

Jefferson and Madison fought against establishing the first central bank because they knew from experience that ALL governments eventually treated central banks as money presses. They would abuse their offices to create mountains of debt, foisted on the people. It is a certain path to permanent inflation and a speculatory nightmare. And they were right, of course.

It’s a threat to liberty and our republic. You’ll see why in just a bit.

The book details how the Fed loans the United States and other countries insane amounts of money. How the loans are abused and how they are almost NEVER paid back. The big banks running the Fed don’t want the loans paid back for two reasons.

  1. Fractionalized Lending. The Fed, like all banks, with a bookkeeping trick, loan the same billions – or now trillions – of dollars over and over again. If you take out a loan at your bank the credit is based on the same money that has been loaned out again and again. That is why they don’t want you to ever actually pay it back. They just want you to service the interest for as long as they can possibly drag it out. So long as you do that, they have income and they own the underlying asset you borrowed against. The Fed operates the same way. And who knows how many times the times the loan money has been fractionalized. Because the Fed has never been audited. The government has no power over the Fed. They presently hold all the power over the government. And the Fed is perfectly happy to see our government and all governments just service the debt because it is ALL income for the bank. None of the loans, except for the first loan on the first non-fractionalized dollar, represent a loss for the Fed – the big banks. It’s all money in.
  2. When the government borrows money from the Fed it is printed or created digitally with absolutely no value behind it whatsoever. Every penny is fiat money. Every dollar printed devalues every dollar you earn or have. That is why the Fed NEVER loses. In fact, they will happily refinance your debt and put you in deeper hock to them. IT’S ALL INCOME.

Why do you think refinancing YOUR loans is a service advertised online and on TV? They don’t want your house and they don’t want the principal to be paid back. They want an unending stream of cash. And they hope you live a long and healthy life. Because when you croak the estate liquidates all debt. The bank’s loan is paid off. And that is what they fear.

Because of fictionalized lending, assuming your loan was the ninth on the books for those particular dollars, all but 10% of the money returned against principal vanishes. It’s gone as if it never existed. Poof.

It is impossible to know how many times the Fed has chopped up (fractionalized) the money it lends. Considering the insane amount of money that has gone out in loans over the last decade, tens of trillions, if they were only slicing and dicing 6 or seven times per dollar lent, I think our inflation rate would be approximately a gazillion percent per year. But it is not.

What happens if our dollar get so weak (Joe Duh is working on it) that nations realize they can pay of their debts or refi with China or the Saudis and let them pay it off?

Ruh-roh Shaggy!

That money only exists as a U.S. Bond. Do you think the executives at the big banks are going to take it on the chin and hand back their salaries when the money goes POOF? That wouldn’t even solve the problem. No, they are going to keep every dime.

Consider the 2008 crash. The bigs were up to their eyeballs in crap debt created with all this easy money. They decided to make some extra skim off of debt and started a casino making chips with worthless paper bundled with good stuff. The chips were called collateralized debt obligations (CDO) and credit default swaps (CDS). The dumb and the greedy couldn’t get enough of the game. The cautious thought they could use them as a hedge or a write-off. The smart few realized the chips were dangerous and they could see the end coming.

When people started calling out this activity, Glenn Beck was ahead of the game in the media, the chatter on the business channels was, “Well, It’s just big investment firms and whales playing hot potato with some shitty paper. It’s not like they are selling these things to Joe Six-Pack.”

Then, after a year of warnings from the observant, a couple of firms ended up with more of this garbage on their books than the entire net worth of their corporations. Boom.

The reason they had all this funny money and bad debt washing around can be traced back to the policies and practices of the Fed. Hey, the players were just imitating the Fed’s insane, irresponsible behavior.

What should have happened was too painful to consider.   You were told that if the banks and whales were permitted to go belly up then everyone would go broke. True, a lot of people would have taken a 1929-like hit.   But that is and was recoverable in an environment where the government and the big banks aren’t taking warm showers together all the time. It was true in 1929 and it was true in 2008. It will be true again, when they tell you it’s not. And that’s right soon. Soldier on.

So instead of letting the all the big guys go under, the government scared you with the Depression boogieman and set about making their rich friends whole. And instead of freezing the Fed and going in and auditing ITS practices, they green lighted them to print every dime needed to bail out the players at the casino. The result was huge losses for you, foreclosures among you or your friends while the players were made whole or nearly whole. It cost only $1trillion…because they all knew that was just the down payment.

Then for the next ten years the Fed held a fire sale on easy money. The players kept grinding while the rest of the economy limped along at about 1% growth.

It’s worth noting two important things here: 1. To this day the Fed still loans TRILLIONS all over the world like it was day one of the 2008 crash. A tiny fraction will ever be paid back. 2. CDOs are still a multi-trillion dollar game. But now it’s more like a money laundering scam than a mortgage scam. Hell, the government buys all the worthless mortgages now along with the good ones. And get this!  They do it with money from the Fed! You can’t make this stuff up!

It’s time to audit the Fed or end the Fed. Or both. Every time someone calls for that (Senator Rand Paul is one) the propaganda machine goes into high gear saying that we could mess up the economy if we do that. And how dare anyone suggest that the Fed would do anything to harm Americans?! Why, they are a sort of…half government…helping…patriotic…critical…ya know, the thing!

May I remind you the Federal Reserve is a band of large banks, still players all, in the casino. And THEIR interests are their only interests. Where their interests meet ours, fine. Where they collide it’s, “fuck you, we have politicians to control and empires to expand.”

It is further worth noting that your economy is collapsing around your heads. This is because, and this is just one example of MANY, the government and the Fed are printing money at an alarming rate to finance crony “green” projects. The projects will NEVER work as advertised. So, why do that, right?

Well, the big players, including Fed members have positioned themselves to get this money handed to them. Blackrock and Vanguard will get a lot of that money too. With some of it they will build windmills, hundreds of millions of acres of them. They’ll keep the rest of the money. The windward turbines, on any given farm, when the wind is actually blowing, will work. The leeward on those huge farms, from the second row back, meh, not so much. The ones at the back, ziltch.

What? Did you think the big banks and investment firms were doing this because they care about “green” energy and our precious environment? Hah! You kill me. They don’t even care if these things work. Think Solyndra, but on a multi-trillion dollar scale. All financed by the same guys (Fed members) who will be making all the money!

But they won’t lose anything on the other end when the whole thing fails. No, no! They will set up shell corporations or find a few suckers to build these tinker toys. They will “LOAN” some of the trillions, they gave to themselves, to these companies. When the wind farms, by that time covering an area wider than 5 large Midwestern states, fail…well the shell company declares bankruptcy. Now no one owns the rusting worthless hulks. They sit and rot. Problem solved…for the Fed members and other environmentally patriotic players at the casino.

As I said, the “green” thing was just an example.  There are thousands of schemes in constant motion maintained by your tax dollars that don’t make the taxpayer a single dime. In fact, we invariably lose. They are all orchestrated by the Fed, cronies and their political whores.

It’s time to put a leash in the Fed. 65.

People to be screaming at: Find your Republican SERVANTS on this link.  CALL them and tell them to get hot on this NOW!  Hell, call the Dems too.  You might find one or two who won’t get loose stools over it.









Posted on

"Founded By Slaveholders", A Non-thinker's Argument

Founded by Slaveholders!

There is a popular admonition floating around about our nation’s founding. It is intended to cause deep soul searching or inflict discomfort and shame in the American listener.

A reasonable listener could be excused, with reasonable provenance, for reaching a different conclusion about the admonition and the purveyors of it.

I would take this shallow scold less seriously if it were restricted to Facebook trolls wanting to make noise and FEEL intelligent. Sadly, it has been popular on college campuses and in otherwise respected books and publications.

The Admonition

In order to “shout down” a person who may seem to some as too nationalistic or patriotic, it is popular among liberals and those who think we should be more like Europe, for example, to remind us that “all but one” of the founding fathers were slave owners. A quick poison pill qualification often follows in the form of, “…and I don’t want to hear about the morals of the time. That has nothing to do with it!”

Firstly, the pronouncement is inaccurate and shows how we have come to venerate the centralization of power that the Revolution fought against. The qualification ignores the progress already being made at that time against slavery. The qualification also rings of “…don’t try to confuse me with facts. I’ve already made up my mind!”

Well, with all due respect to those who reject any thinking on the part of the listener, I will point out the following:

The Founding Fathers, we are more and more often told, consisted of seven people. Washington, Franklin, Adams, Jefferson, Jay (I am surprised he survives this modern myth), Hamilton and Madison.

As a young adult, and an avid reader of history, I discovered this elementary school list was far from complete. We remember their names because, unlike many of the others who risked death and ruin, they stayed around after the founding to take the reins of the very power they had created by expelling the Crown. We remember their names because it is a short list and it is easy to teach children about them.

One of the sillier results of this simple-minded notion of our founding is the beatification of the U.S. Government. Most people at that time knew this was not what people fought and died for from 1775-1781. Local governance remained as the proper locus of power. But the Civil War and popular myths surrounding these seven “fathers” fostered the concept of “The United States” vs “These United States.” It cemented, sadly, the idea that real government exists only in DC. State and local governments are just the junior league. There really is an amazing number of people who think our system of government was set up so that the federal government could do as much as possible, and the state governments should bat cleanup and fight for federal dollars.

Who will deny that the average American sees an election as a populist federal exercise? I would contend that less than 10% of all Americans know who is on a state or local ballot until they enter the voting booth.

Enough on the peripheral effect. Let’s deal with who “founded our nation” and the revisionist moralizing aimed at these founders.

There were more than seven!

I was reading a friend’s FB post the other day. It made the same point that I am arguing against here. He said of the founding fathers, all but one owned slaves. When I called him on it he, for some reason, changed the term to the “founding framers”.  An odd change, and further from the truth than the original claim.

Here’s that fact that muddies the waters. There were 56 founding fathers. 56 people pledged their property, lives and honor to US independence. 56 men traveled from all over the east to Philadelphia. 56 debated seriously, often passionately, about our allegiance to the Crown. Not all believed we should break with Britain. But they would, by 2 July 1776, agree to do so. They all took the same risks. 56 families and yes, even the slaves of those who held them, were put at risk as well.

We only know the big seven as near godlike because they would hold positions of power that long exceeded the Revolution and the creation of the US Constitution. It can be argued, and history supports this, that these seven spent those decades vying for that very power.

Of the 56 who actually did the work of creating this nation, 41 (73%) were slaveholders. Not all but one.

As for the “framers” (There is no accepted term “founding framer”. That’s a new one.), 27 (49%) of the representatives from the various states were slaveholders. So from 1776 until 1787 the trend among those who shaped the nation was drifting toward abolition already.

“…I Don’t Want To Hear About The Morals Of The Time!”

Well suck it up, buttercup. You can apply modern thinking to people of other times, but it doesn’t change what has already occurred. You can wish your own motivations into the hearts of those long dead. But criticizing the constitution because some of the framers were slaveholders is like saying Mickey Mantle knew nothing about baseball because he drank too much whiskey.  To remove the morals of the time from consideration is to discount your own credibility. And it is a form of pouting.

But take heart. As it turns out, modern ideas about slavery were already taking root in some quarters during these early years. The delegates to the Continental Congress AND the Constitutional Convention who argued against slavery were not expelled from the events. In fact, the anti-slave faction was able to at least get the Three-Fifths Compromise through to blunt the voting power the slave states were claiming. Slave states were insisting slaves counted against their census. It was a small victory, but a victory.

The economics of it all

Another canard criticized along with the “morals” dodge is the economics. I have heard it said that the economics argument for not charging ahead with abolition PROVES the founders were immoral. And again, the claim is at a minimum, naïve. At any rate, it is false.

This was at the heart of the matter for people like Gouvernuer Morris and George Mason. They both expressed, quite eloquently, a fear of eternal damnation (if you go in for that sort of thing) at their holding of slaves. But they like everyone in both bodies, Continental Congress and Constitutional Convention, knew that you don’t simply declare the undoing of a massive institution, even one as onerous as slavery, at one go.

Let me give you a modern example.

There are many, I am among them, who see the Social Security system as a corrupt Ponzi scheme. It is also horribly administered and of precious little value overall. It, like Obamacare was a system destined to fail from the very start. Many of you, at or near retirement count on this program to be your lifeline in your old age. It isn’t. You will find yourself in poverty. You have no one but yourselves to blame.

It isn’t all of your own doing. The federal government has repeatedly told you it is intact and that to keep it going in the future will require only minimum adjustments. They have not stated emphatically enough that it will not provide you with the retirement income you will need to live well. They have not admitted that with each month they wait to actually fix it, there is a greater chance that those already dependent on the system will suffer. Your fault lies in having believed any of it.

All the said, you can’t take something as vast as Social Security and simply declare today that it won’t exist tomorrow. You can’t even repair it in that fashion. It takes time. The economic and social impact must be attenuated to absorb the impact. After a long hard slog of un-brainwashing people as to its value, the system must be gradually replaced by a more effective and sustainable free-market program.

Slavery was seen in the same light. Slaveholders like Jefferson and Mason knew two things. Slavery was immoral, and contract or employee work was far less expensive. They also knew that in order for the American economy to survive the end of slavery other slaveholders, at least a strong plurality, would have to see the logic of this. For an individual to simply give up his slaves in a market dominated by slaveholders would leave him at an insurmountable disadvantage. By the time everyone else might have caught on, that business may lay in ruin.

The result would be to reaffirm the need for slaves in the minds of those who were holding out.

If the government simply mandated an abrupt end to slavery across the board the economic and legal chaos would have ended the American experiment before it got started. Yes, in order for there to be an America in which we would one day end slavery, there had to be an early time in which slave state and free state would exist side-by-side.

Now, even though I am writing this paragraph, there will be people shrieking at my comparing slavery to Social Security. There is no comparison, they’ll cry. Morally, the comparison is one of degree. Certainly holding generations of Americans in forced labor, and beating them in some cases, is a far greater offense than taking their money under false pretense. But both concepts are wrong.

And I stand by the economic comparison without apology.

But Why The Silly Admonition To Begin With?

The complaint about the “Founding Fathers” holding slaves is a red herring tossed into many conversations when respect for the Constitution comes up. The fact is, if your original argument for an issue is strong enough, you can change the Constitution to reflect that.

But as I heard on Glenn Beck’s radio show a few weeks back, no one WANTS to wait that long for anything. On that particular day, Beck’s issue was tax reform. And the truth is, to have permanent and effective tax REFORM, you must REFORM tax law. Reducing taxes does very little. The government can jack taxes right back up on a whim.

The reform must take place in the way we collect taxes and how much the government is limited to collect. Beck mentioned changing the Constitution and he and the entire cast all agreed that we shouldn’t have to wait that long to get something done.

Beck is not alone. We have several generations in this country that think every notion and difficulty they have should be acted on and solved by the government NOW! And if you tell them to form an argument and see if it will pass muster and then change the constitution…

…Oh boy…

…That’s when it comes out. Having no argument or lacking the skill to make one, they simply say they shouldn’t have to follow the Constitution because it was written a long time ago by white men, or rich men, or old men, or slaveholders, or NOT WOMEN,…

The invalid arguments are endless. And they have been in play in our government since FDR. That is why we have lost so many rights and so much of our personal wealth over the last 70 years.

Through our ignorance about our Constitution the government has not only been able to whittle away what you need to succeed and protect yourself, but YOU have fallen prey to moronic arguments about the foibles and sins of the “founding fathers”, as if they invalidate our governing documents.

This, and the “poison pill” I referred to earlier, are called a fallacious argument. Look it up and learn something.

When I started to post regularly in 2012 I lamented the lack of political and social maturity in the United States. I now despair that thanks to the echo chambers of social media, things have gotten much worse.

I’d love to be proven wrong about that.

Matt Jordan is the author of Street Politics: It Ain’t Your Daddy’s GOP Anymore! Grab your copy here.

Kindle version here!

Or just start reading for free on Kindle Unlimited!

 

 

 

Posted on

The Convention of States Movement

Grab my RSS while you’re here —>

The Convention of States Movement is now gaining real traction.  I find this exciting for a few reasons, which I’ll discuss below.

What is the Convention of States?

There is a process, championed by George Mason, inserted into the Constitution whereby citizens, can seek to directly make amendments.  This is done by persuading 3/4 of the states to call a Convention of States (CoS). 

Independence Hall, Philadelphia,blue sky, convention
Independence Hall, Philadelphia, Pennsylvania. Site of the First Constitutional Convention. The signatories endeavored to correct flaws and abuses in The Articles of Confederation.

In the face of profligate spending and broad overreach by the federal government, a problem stretching back to FDR, the present battle for a Constitutional Convention has been joined.  We are on the cusp of success!  The framers of this movement have chosen wisely to limit the scope of the convention. 

Some people fear that when seated, the CoS will declare itself an open convention.  This is unlikely.  But this author, for one, wouldn’t be opposed to such a move.  While the CoS will move to make a few reductions in federal power, the sad fact is, we are in need of a major reset back to an adult adherence to the Constitution.

But the present CoS is not looking to upset the apple cart to that extent.

You Need to AT LEAST Look at the Project

This process is going to be an interesting one.  And you should be interested.  If a convention is seated it will have a profound impact on how business is done inside the Beltway.  By reigning in the power of the federal government, we will expand the power of your state and local governments.  This is a benefit few people appreciate, so dependent have we become on the big Mommy State.  Most importantly this convention, and the trend in thinking it will inspire, will be a windfall for your personal liberties.

But there is more to it than even that.  One of the most unseemly aspects of the American political scene is the level of ignorance that exists among citizens.  People have no idea even what conservative or liberal means anymore.  Many don’t know, or in some cases do know but don’t care, that their government has ruled over them illegitimately for generations.  

People actually think it is the job of the president of the United States to “run the country” or show “leadership” to congress.  This is the exact opposite of what the founders intended.  And we, as a nation, have bought off on these wrong-headed notions to our detriment.  

But with the CoS movement we have a chance to relearn what we used to know from elementary school Civics classes.   And the learning will be far more interesting than any political campaign; even more exciting than the bread and circus we experienced with the 2016 debacle. 

By just by paying attention to the issues being discussed you will find yourself drawn to the discussion.  Ideas that you might think boring will suddenly take on new meaning.  You will find out quickly where you truly stand on the political/philosophical spectrum in this country.  This is the kind of event that can inspire a renewed sense of true citizenship, far more than petty, partisan politics.

So even if you presently see yourself as disinterested in politics, give the movement a look.  I hope some of you will come back and thank me later.

This movement is for everyone, but I have a special note to conservatives.  We on the right do a lot of shouting about the way things ought to be.  And some did a lot of crowing after the’16 election. Some actually believe we achieved a conservative victory.  Well, if you consider yourself a conservative and a proponent of the Constitution and you don’t get your hands dirty with the CoS Project, you’re not really a conservative. At least not one who can hoot about making America great again, or about respect for our founding documents, in a substantive way.

If you haven’t visited the link to George Mason yet, please take a moment to do so now.  It is short and instructive. Mason.

There are discussions below directly from the CoS website.

Photo Credit: Independence Hall Sangre-La.com Flickr via Compfight cc

Kindle Version, STREET POLITICS: It Ain’t Your Daddy’s GOP Anymore! 50% of all author proceeds go to fighting Multiple Sclerosis!!

 

Grab my RSS while you’re here. Right side, below META.

Save

Save

Save

Save