SOCALHUSKER
New member
I am not a Nobel-winning economist or even a ranking politician, but as an
American watching the recent financial crisis and the political hoopla
surrounding the proposed bailouts, I can't help but sense that the
hardworking American people are once again getting the shaft. How is it that
Washington's solution to every problem we face in this country is to create
more bureaucracy, spend more money, suspend liberties and somehow dupe the
American people into thinking that the government is looking out for our
best interest?
The President, the Secretary of the Treasury, the Federal Reserve Chairman,
and the leadership in Congress would like the American people to believe
that their solution to this crisis, bailing out financial institutions that
got caught up in the quick, easy money scheme of mortgage-backed securities,
is the only viable solution. The grave alternative of "doing nothing" they
say, would be far worse!! Is it too much to fathom that maybe the
government, their corrupt programs, their irresponsible and out-of-control
spending, their overregulation, and their blatant disregard for the
Constitution might have something to do with the problems we face in this
country today?
Yes, contrary to what the government would have you believe, there are
alternatives to the financial crisis we face. Sure, there will be tough
times in the beginning, for we really have royally screwed up our economy,
but we can fix our problems without creating more severe ones in the long
run. Those who created this mess need to be held responsible, companies need
to go bankrupt and people need to lose money. That's the way the market
works. If something is overpriced the market adjusts and prices come down,
if that means people losing money, so be it. Creating more debt, stealing
from the taxpayers, and applying a band-aid to a broken system is not going
to fix the problem. The enormous debt we will have incurred, by doling out
trillions for the bailouts, has got to come from somewhere. Either the
Federal Reserve will continue to print money out of thin air or we will be
forced to borrow from the Chinese, if they will even let us. Either way,
inflation will rise, the dollar will collapse, disaster will ensue and we
will be far worse off then we would have been if we had just fixed the
economical problems to begin with.
Throughout history the fiat currency system, the one used in this country,
has been tried by many civilizations. It has proven to be a failure time and
time again but yet we continue to use it. Money backed by a government's
guarantee is worthless, with only the force and fear of the government to
stabilize it. Our paper-based money has no real value and unless it is
backed by something, such as gold or silver, it will eventually be seen for
what it is worth, which is nothing, and the economy will collapse. Many have
tried to manipulate the system to benefit themselves, but in the end the
market always wins and those who bet on the paper lose, and lose everything.
In our country we have those who feel like they are smarter than the market,
the Federal Reserve Chairman Bernanke and Treasury Secretary Paulson are
prime examples, and they will gamble just about everything to try and prove
to us they are right. By lowering interest rates, subsidizing and regulating
markets, fixing prices and using other manipulative tactics those who try to
fool the market are as much to blame for our current financial crisis as
those who invested irresponsibly or those who bought homes they could not
afford. Does it make sense to listen to the solutions and advice when it
comes from the same people who created the mess to begin with? How many
times are we going to let them take what is ours, as they try to conquer
something that cannot be beat?
The United States was founded on free market principles and over the years
we have slowly turned away and gravitated towards a centrally planned,
socialist society that is being run by our banking institutions. The
founders, particularly Thomas Jefferson warned against this when he stated,
"I believe that banking institutions are more dangerous to our liberties
than standing armies. If the American people ever allow private banks to
control the issue of their currency, first by inflation, then by deflation,
the banks and corporations that will grow up around [the banks] will deprive
the people of all property until their children wake-up homeless on the
continent their fathers conquered. The issuing power should be taken from
the banks and restored to the people, to whom it properly belongs." In order
to begin to restore the power to the people, we need to return to the free
market principles that made this country the bastion of freedom. For
starters, we should call upon Congress to repeal the Federal Reserve Act,
abolish the Fed and return to sound money and a currency that maintains
value without the inflationary tax that has plagued this country since the
Fed's creation. This would be a giant step in the right direction, but
there are also many other steps we need to take to correct our current
situation.
One of the main reasons we find ourselves in this predicament is the out of
control spending that plagues our government and many of our citizens. The
saying "those who live beyond their means will always live beneath their
means" wasn't voiced because it is false. America has been spending beyond
its means for years and the tab is finally being placed on the table.
Americans needs to take a look around; add up how much money we spend on
foreign aid and using our military to police the world. Wouldn't that money
be better spent protecting our own borders and helping our own poor? How do
we explain the trillions of taxpayer's dollars flowing towards foreign
countries, many of whom are our "sworn" enemies, when we have plenty of
things we could be spending the money on here at home. We need elected
leaders willing to put America first, reel in our foreign spending, bring
home our troops from missions that don't pertain to our national security,
and repeal laws that infringe upon the liberties and freedoms granted to
every American by the Constitution.
Sure it's a shame that some people will lose money when the
financial markets collapse, and indeed they will, but the real travesty is
that hardworking, taxpaying, American people are being robbed through "fear"
in order to pad the coffers of inept executives. We are being sold a line of
goods about the consequences of not playing along, by the same people who
created the mess to begin with. If you choose to believe them, then may God
be with you and I wish you the best!! I on the other hand, believe that
there are alternatives to this crisis. I believe that if we returned to the
free market principles and sound money this country was founded on, reel in
our out-of-control spending, bring home our troops from policing of the
world, and elect officials who will follow the rule of law as it is outlined
in the Constitution we can emerge from this crisis triumphant, free and
prosperous. This bleeding from the crisis can't be solved by placing a band-aid over a
amputated limb like Washington would have you believe. We need serious
change and it needs to come from you and I..
Please contact your representatives and senators, let them know you care
about the direction of this country and that you don't support the immoral
bailouts that require Congress and the Fed to steal from the American
people. A complete overhaul must be made and we can start by electing the
officials who will look out for the well being of Americans. Let your
Congressman or woman know that if they support the bailouts, you won't be
supporting them and you will do everything in your power to make sure they
never see another term in office again. Long live the American republic!!
Your friend in restoring the republic,
SOCALHUSKER
American watching the recent financial crisis and the political hoopla
surrounding the proposed bailouts, I can't help but sense that the
hardworking American people are once again getting the shaft. How is it that
Washington's solution to every problem we face in this country is to create
more bureaucracy, spend more money, suspend liberties and somehow dupe the
American people into thinking that the government is looking out for our
best interest?
The President, the Secretary of the Treasury, the Federal Reserve Chairman,
and the leadership in Congress would like the American people to believe
that their solution to this crisis, bailing out financial institutions that
got caught up in the quick, easy money scheme of mortgage-backed securities,
is the only viable solution. The grave alternative of "doing nothing" they
say, would be far worse!! Is it too much to fathom that maybe the
government, their corrupt programs, their irresponsible and out-of-control
spending, their overregulation, and their blatant disregard for the
Constitution might have something to do with the problems we face in this
country today?
Yes, contrary to what the government would have you believe, there are
alternatives to the financial crisis we face. Sure, there will be tough
times in the beginning, for we really have royally screwed up our economy,
but we can fix our problems without creating more severe ones in the long
run. Those who created this mess need to be held responsible, companies need
to go bankrupt and people need to lose money. That's the way the market
works. If something is overpriced the market adjusts and prices come down,
if that means people losing money, so be it. Creating more debt, stealing
from the taxpayers, and applying a band-aid to a broken system is not going
to fix the problem. The enormous debt we will have incurred, by doling out
trillions for the bailouts, has got to come from somewhere. Either the
Federal Reserve will continue to print money out of thin air or we will be
forced to borrow from the Chinese, if they will even let us. Either way,
inflation will rise, the dollar will collapse, disaster will ensue and we
will be far worse off then we would have been if we had just fixed the
economical problems to begin with.
Throughout history the fiat currency system, the one used in this country,
has been tried by many civilizations. It has proven to be a failure time and
time again but yet we continue to use it. Money backed by a government's
guarantee is worthless, with only the force and fear of the government to
stabilize it. Our paper-based money has no real value and unless it is
backed by something, such as gold or silver, it will eventually be seen for
what it is worth, which is nothing, and the economy will collapse. Many have
tried to manipulate the system to benefit themselves, but in the end the
market always wins and those who bet on the paper lose, and lose everything.
In our country we have those who feel like they are smarter than the market,
the Federal Reserve Chairman Bernanke and Treasury Secretary Paulson are
prime examples, and they will gamble just about everything to try and prove
to us they are right. By lowering interest rates, subsidizing and regulating
markets, fixing prices and using other manipulative tactics those who try to
fool the market are as much to blame for our current financial crisis as
those who invested irresponsibly or those who bought homes they could not
afford. Does it make sense to listen to the solutions and advice when it
comes from the same people who created the mess to begin with? How many
times are we going to let them take what is ours, as they try to conquer
something that cannot be beat?
The United States was founded on free market principles and over the years
we have slowly turned away and gravitated towards a centrally planned,
socialist society that is being run by our banking institutions. The
founders, particularly Thomas Jefferson warned against this when he stated,
"I believe that banking institutions are more dangerous to our liberties
than standing armies. If the American people ever allow private banks to
control the issue of their currency, first by inflation, then by deflation,
the banks and corporations that will grow up around [the banks] will deprive
the people of all property until their children wake-up homeless on the
continent their fathers conquered. The issuing power should be taken from
the banks and restored to the people, to whom it properly belongs." In order
to begin to restore the power to the people, we need to return to the free
market principles that made this country the bastion of freedom. For
starters, we should call upon Congress to repeal the Federal Reserve Act,
abolish the Fed and return to sound money and a currency that maintains
value without the inflationary tax that has plagued this country since the
Fed's creation. This would be a giant step in the right direction, but
there are also many other steps we need to take to correct our current
situation.
One of the main reasons we find ourselves in this predicament is the out of
control spending that plagues our government and many of our citizens. The
saying "those who live beyond their means will always live beneath their
means" wasn't voiced because it is false. America has been spending beyond
its means for years and the tab is finally being placed on the table.
Americans needs to take a look around; add up how much money we spend on
foreign aid and using our military to police the world. Wouldn't that money
be better spent protecting our own borders and helping our own poor? How do
we explain the trillions of taxpayer's dollars flowing towards foreign
countries, many of whom are our "sworn" enemies, when we have plenty of
things we could be spending the money on here at home. We need elected
leaders willing to put America first, reel in our foreign spending, bring
home our troops from missions that don't pertain to our national security,
and repeal laws that infringe upon the liberties and freedoms granted to
every American by the Constitution.
Sure it's a shame that some people will lose money when the
financial markets collapse, and indeed they will, but the real travesty is
that hardworking, taxpaying, American people are being robbed through "fear"
in order to pad the coffers of inept executives. We are being sold a line of
goods about the consequences of not playing along, by the same people who
created the mess to begin with. If you choose to believe them, then may God
be with you and I wish you the best!! I on the other hand, believe that
there are alternatives to this crisis. I believe that if we returned to the
free market principles and sound money this country was founded on, reel in
our out-of-control spending, bring home our troops from policing of the
world, and elect officials who will follow the rule of law as it is outlined
in the Constitution we can emerge from this crisis triumphant, free and
prosperous. This bleeding from the crisis can't be solved by placing a band-aid over a
amputated limb like Washington would have you believe. We need serious
change and it needs to come from you and I..
Please contact your representatives and senators, let them know you care
about the direction of this country and that you don't support the immoral
bailouts that require Congress and the Fed to steal from the American
people. A complete overhaul must be made and we can start by electing the
officials who will look out for the well being of Americans. Let your
Congressman or woman know that if they support the bailouts, you won't be
supporting them and you will do everything in your power to make sure they
never see another term in office again. Long live the American republic!!
Your friend in restoring the republic,
SOCALHUSKER
