Many statutes advocated and passed by CONgresses dating back to the Clinton Administration promulgated regulations that made it possible for banks and
mortgage companies to write loans for anyone, i.e., a debtor could have No Job, No Income or Assets (N.I.N.J.A.) and still get an adjustable rate, sub-prime mortgage loan.
A financial model demonstrated that the failure percentage for mortgages over many years was below 5%. Mortgages were deemed to be safe even though the model seemed to
discount the fact that mortgages in the past had been written using the 28% rule and not the NINJA rule.
So, investment bankers packaged existing mortgages as investments rated AAA to be sold to prime clients. When the adjustable rates increased, the AAA packages fell apart
followed by the entire secondary market for mortgages which affected worldwide banking, foreign investors worldwide, and world economies.
This market failure caused the Great Recession. In an attempt to reform Wall Street
and tighten future controls on investing, the CONgress passed Dodd�Frank Wall Street Reform and Consumer Protection Act.
Subversion
I recommend two (2) movies for interested viewers. If Democrat voters (or any voter) want to understand what is wrong with their
party, I recommend a documentary movie that contains a completely corroborated history of the Democrat Party. The documentary's title is:
Hillary's America: The Secret History of the Democratic Party. The documentary was produced by Dinesh D'Souza who was 'railroaded' by the Obama Administration into a
kangaroo court controlled by a corrupt judge and sentenced to prison for producing another documentary,
2016: Obama's America. All FACTS presented in these documentaries are the historical evidence of the failure of the Democrat Party although the Democrats have many allies that support these Communist/Socialist attempts to destroy
America, and no group of FAKE NEWS companies can deny the FACTS.
While America has a Constitution that guarantees freedom of speech, it doesn't guarantee an everyday political education. If Americans believe in their freedoms guaranteed by the
Bill of Rights, if Americans believe that Capitalism is the greatest creator of individual wealth the world has ever experienced (historical facts prove this assertion), then Americans
should know the people and organizations who want to destroy America from within. Therefore, the best documentary available that exposes and identifies these enemies who have grown
much stronger since the Russian Revolution is The Enemies Within.
Also near the end of The Enemies Within documentary, the video requests that citizens call their Senators and Representatives (those NOT affiliated with the Muslim
Brotherhood and other subversive Marxist organizations) to support
S. 68: Muslim Brotherhood Terrorist Designation Act of 2017 and
H.R. 377: Muslim Brotherhood Terrorist Designation Act of 2017.
After watching the video, you will clearly understand why the Muslim Brotherhood is trying to destroy America from within. Many current Representatives and Senators are affiliated with persons
and organizations whose precepts, behavior, and speech are as Marxist as Vladimir Lenin without identifying themselves as Marxist. One of these organizations has infiltrated America like a final
stage cancer. These un-American organizations must be excised like a massive tumor. This is NOT McCarthyism since you will SEE and UNDERSTAND the evidence presented in the video.
Anyone who believes this country is free is an idiot!
The USA must reverse the damage by repealing Dodd-Frank
Have you noticed that free checking accounts are now nearly nonexistent, and locally owned stores are increasing the $5 minimum charge on debit cards?
These are not the result of some financial conspiracy. They are a direct result of Dodd-Frank regulations.
After the financial crash of 2008, President Barack Obama decided to increase the role of the federal government in the economy and impose massive new regulations on banks.
As one might assume, this hasn�t worked out so well.
Included in the over 3,500-page Dodd-Frank bill are rules restricting access to credit for investors and homebuyers, raising lending costs for entrepreneurs, and making it harder
for small businesses to get capital to start or grow.
Dodd-Frank also created the Consumer Finance Protection Bureau. This agency has carte blanche to create huge economic rules and regulations, and little accountability.
The bureau doesn�t have to get spending or regulation approval from anyone in Congress, and the White House has no say over who the director is, and can�t fire or put checks
on the bureau�s leaders.
Practically speaking, the president of the bureau has more autonomy and unregulated power to regulate than even the Treasury secretary or the IRS director.
In summary, Dodd-Frank has been cited by economists as the primary reason America has had a historically slow economic recovery since 2008.
Reform Is Urgently Needed
Enter the Financial CHOICE Act (or the Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs Act), which was introduced this April by
House Financial Services Committee Chairman Jeb Hensarling, R-Texas.
The CHOICE Act takes positive steps forward in repealing Dodd-Frank, restoring economic stability in America, and allowing financial markets to grow and thrive.
According to the House Financial Services Committee website, the bill would:
� end taxpayer-funded bailouts of large financial institutions; relieve banks that elect to be strongly capitalized from growth-strangling regulation
that slows the economy and harms consumers; impose tougher penalties on those who commit financial fraud; and demand greater accountability from Washington regulators.
There are three major benefits to the CHOICE Act:
Repeals the most harmful parts of Dodd-Frank.
The CHOICE Act repeals most of
Title I and all of
Title VIII
of Dodd-Frank. These were the most harmful sections that solidified the �too big to fail� policies
that led to massive taxpayer bailouts. Additionally, it would repeal Title II, stopping the government from seizing troubled financial firms and putting them back in the hands of
a time-tested bankruptcy system.
Enhances checks and balances.
The CHOICE Act would fundamentally reform the Consumer Financial Protection Bureau by putting it under congressional oversight and a proper
appropriations process. It would also rein in the Federal Reserve�s emergency lending authority, making it more difficult for the Fed to conduct bailout-style loans.
In addition, it would put any new major rule by financial regulatory agencies to congressional approval as part of the REINS Act (or Regulatory from the Executive in
Need of Scrutiny Act).
Allows small business and free markets to thrive.
The CHOICE Act would unleash small business creation, innovation, and entrepreneurship by eliminating rules that limited capital formation over the last few years.
It would also strengthen penalties on Wall Street for engaging in fraud, insider trading, and other corrupt practices.
Graham Ledger Discusses CFPB with JW's Chris Farrell
CFPB is funded NOT by CONgress but the Federal Reserve
More Ridiculus Regulations that Suffocate Business
Joseph Story, Supreme Court Justice ... when the court wasn't part of the L-E-J Cabal
Joseph Story (1779�1845) was born during the American Revolution, and came of age in the early years of the new United States of America. He was a scholar of the U.S. Constitution, and, eventually helped found the Harvard Law School.
In 1811, Story was appointed to the Supreme Court by President James Madison � who knew a few things about the U.S. Constitution, in that he helped write it. Story was a contemporary of another famous member of the Supreme Court, Chief Justice John Marshall (1755�1835).
"The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic; since it offers a strong moral check against the usurpation and arbitrary power of rulers; and will generally, even if these are successful in the first instance, enable the people to resist and triumph over them."
See the following links for more related articles:
[Editor's Note: what I have dubbed the "Legislative-Executive-Judicial Cabal" which the American People have caused by ignoring the generational transition from our Constitutional Republic to what now is, in effect, an "elected" dictatorship. Never mind who is elected. Never mind which bogus party is in power. The superficial, theatrically staged, choreographed appearance of debate, disagreement, and stalled legislation always resolves into more government and less FREEDOM. We the People still lose more freedom after every "emergency" or unnoticeably when CON-gress passes another general, open-ended law that enables the Executive (dictator) and its unaccountable agencies to formulate more freedom-restricting regulations (200 pages a day get posted to the Federal Register). The "Dictator's" agencies (police force) continue to pile-up more weapons to squelch uprising(s) when the People finally realize and understand their tyrannical government.
Currently, CONgress is just a group of socialists, progressives, and faux-conservatives (career politicians) that, on a daily basis, ignores the Constitution, many of their own past statutes, and cedes their responsibilities to the president ("elected" dictator). A comparison to the history of Rome becomes more and more credible with the Executive and its "featherbedded" lackeys gaining more power while CONgress sits back all fat-dumb-and-happy.
CONgress has made recent efforts to expose State Dept. failures in Benghazi (inept political leader), Fast-and-Furious gun-running (criminal AG), IRS 1st amendment violations, gov't union Veterans Administration fraud, and whining about Obama(Reid)-killer-Care, but these efforts are mostly politics as usual. Most "citizens" will forget about these infringements from our unaccountable, uncontrollable Executive branch with its tyrannical agencies staffed by socialist unions that extort "juicy" contracts from the "elected" dictatorship.
Most positions in the federal government whether elected, appointed, or hired are nominal, make-work jobs (confidentially) designed merely to grow government, bilk money from private businesses and citizens, and eventually fully transform America into a totalitarian state. When this happens, CONgress will have destroyed the economy and the country by their negligence and counter-liberty policies, and it will be almost impossible to Restore America. The 'Restore America' list is only a beginning too.]
"The accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, self-appointed or elective, may justly be pronounced the very definition of tyranny."
James Madison, Federalist Paper 47, Friday, February 1, 1788
Anyone who believes this country is free is an idiot!
"Extortion and thuggery are good things when they're called law!"
Larken Rose
[Editor's Note: a Constitutional Convention is required to reverse the damage to freedom and liberty since 1900. This Article V was ratified by the participants at America's founding Constitutional Convention as an alternate path for repairing damage to freedom and liberty, a path for the People to restore damage caused by our failed representatives in the Legislative, Executive, and Judicial branches of a government designed to represent the wishes of We the People.
The States must "demand" a Convention and explicitly specify an agenda of:
laws to be repealed or modified,
Amendments to existing constitutional clauses that define the co-equal branches to further specify and define, and
new Amendments or statutes to be eventually ratified by States.
These Amendments should further specify and clarify the powers of the Legislature and Executive Branches. A good example is the definition of a "Bill".
A Bill should contain ONLY verbiage in regards to the topic of the future law. NO earmarks and NO unrelated sections or attacments.
Many past Bills sent to a president for signature contained unrelated but essential funding sections that rendered the Bill veto-proof when it warranted a veto.
CON-gress can override a veto if the Bill is deemed absolutely necessary by CON-gress.
If the Bill requires SPECIFICALLY related amendments, the CON-gress can "debate" (with its usual theater) and vote any new amendments.
The original text of the Constitution contains some very GENERAL clauses enabling both CON-gress and Executive branches to write laws and
regulations with their particular nuances expanding powers beyond intent. "Intent" may be gleaned from a complete understanding of
Federalist Papers.
An example of further specification and clarity for CON-gress should be a clear, very specific definition of the boundaries for the interstate Commerce Clause.
To restore freedom, liberty, and individuality - minimally these must be repealed:
Currently, even with computer-searching systems, the list of antiquated and/or obsolete statutes (and related regulations) is unwieldy.
These statutes must be invalidated unless there remains an applicable reason for retaining the law(s).
Aside from invalidating statutes, there are many regulations that are biased in favor of large enterprises (who buy support from bureaucrats)
at the expense of the competition, effectively repressing the Free Market. Any regulations not related to public safety that gives a financial advantage
to some companies over their smaller rivals must be rescinded to enable all companies with good consumer products to excel without burdensome regulations.
Additionally, the Convention should adopt for ratification at least these new Amendments or statute modifications:
clearly define and limit the role of government in regards to the term "general welfare",
Term Limits for CON-gress (12 years) including a 6 month limit on time residing in DC,
strict Prohibition of Lobbying (with a comprehensive definition of "lobbying"), and
a Balanced Budget Amendment to stop wreckless spending. During a CON-gressionally declared "war" (only after USA is attacked or attack is proven "imminent"),
deficit spending is permissible.
Restore America to its roots, i.e. Defense, State, Treasury, and Justice. Some Agencies are required like CIA and NSA, both respectively focused on defense against real foreign aggressors and not fictitious paranoid delusions of war mongers. Other agencies help where certain interstate communications are necessary. Most agencies like Agriculture, Education, DEA, IRS (eliminated with 16th Amendment) and many other listed here should be eliminated.
Restore the world Gold Standard with five contentious steps, and
Replace the IMF, World Bank, and Export-Import Bank with facilities that reflect the new Gold Standard, and
After decentralizing and economizing, if tax revenue is needed to fund all or part of the federal government, then implement the Fair Tax.
Regarding a Constitutional Convention itself, some of the available literature warns the reader about a possible "unstructured" and "mismanaged"
Convention that might propose and adopt amendments that could damage the Republic.
Possible, however, it is difficult to envisage how much more damage could done over what the L-E-J Cabal has already done.
If the Convention's agenda and rules of order strictly prohibit violation of the rules and enable a vote on unlisted Amendments AFTER all others are adopted,
then the Convention will be properly structured and managed. ]
The FairTax is a consumption tax unilaterally applied to all Americans at the same rate. For businesses, payroll taxes would no longer exist. Our exports would include a heavy tax for overseas buyers purchasing our products, while our imports would be cheaper for us to purchase. I'm not sure how this would affect GDP, as more information is necessary.
According to the FairTax website, "Under the FairTax, every person living in the United States pays a sales tax on purchases of new goods and services, excluding necessities due to the prebate." The prebate gives every legal resident household an "advance refund" at the beginning of each month so that purchases made up to the poverty level are tax-free.
So a family of four making something like $50,000/year should not have to pay taxes, thus preventing an unfair burden on low-income families. Since the FairTax eliminates both federal and payroll taxes, you get to keep your gross pay amount of each paycheck earned.
John Adams said, �Without [term limits] every man in power becomes a ravenous beast of prey�. That being said, here are some of the reasons we believe our country needs Term Limits.
Term Limits can help break the cycle of corruption in Congress. Case studies show that the longer an individual stays in office, the more likely they are to stop serving the public and begin serving their own interests.
Term Limits will encourage regular citizens to run for office. Presently, there is a 94% re-election rate in the House and 83% in the Senate. Because of name recognition, and usually the advantage of money, it can be easy to stay in office. Without legitimate competition, what is the incentive for a member of Congress to serve the public? Furthermore, it is almost a lost cause for the average citizen to try to campaign against current members of Congress.
Term Limits will break the power special interest groups have in Congress.
Term Limits will force politicians to think about the impact of their legislation because they will be returning to their communities shortly to live under the laws they enacted.
Term Limits will bring diversity of people and fresh ideas to Congress.
[Editor's Note: If you want to get rich, i.e. advance from a low paying government bureaucrat job on the local or state level, THEN GET ELECTED TO THE US CONGRESS (House or Senate). Once you're elected, it's easy to steal from your campaign contributions or the Congressional budget allocated to your seat and staff. You can go on a government-funded junket with 'lavishly' paid expenses. The list of ways to steal from the government while in office is inexhaustible. There are only a few Congressmen who left Congress just wealthy instead of a multi-millionaire. Of course, there are several who arrived in Congress as multi-millionaires and don't need to steal from the government.]
CONVENTION of STATES (CoS)
The CONgress (by
Article V of the Constitution) has proposed and
States have ratified many new amendments to the Constitution, some that increase their power over us citizens. CONgress can propose amendments, and the
alternative method to CONgressional proposals can come from States via
Article V. When "We the People" — meaning
a very large majority — are opposed to Acts of CONgress like the INCOME TAX or ENDLESS WARS or the FEDERAL RESERVE, Acts that restrict and regulate our
LIBERTY, Acts that are a waste of money, Acts that have caused unrecoverable indebtedness, then through local representaatives of our States WE can propose
Amendments to be ratified by States just like CONgress.
STATES and the PEOPLE of America are very angry at the federal goverment's violation of its
constitutionally-defined boundaries. States created the federal government in 1787 with LIMITED powers defined in the Constitution. All powers not
given by States to the feds remain with the States by Article X. The feds have through deceit, distortion, and falsification rearranged the entire contractual agreement
between States and the federal government. The feds have become a very powerful, all consuming force in American government. The time has come for States to rein in the federal government,
to take power back, to limit the federal government's power, and to add some detailed restriction to the definition of CONgress, the Executive, and the Judiciary.
In 1787 a central government was (is) necessary only to provide for the common defense and ensure equality
under the law for all Citizens, to provide a final arbiter for the resolution of unsolvable problems among States and People. Most laws and regulations that the federal
government has wreaked on the States and the People are unconstitutional. States are independent, sovereign countries who realized the need for a limited and defined
central government to prevent wasteful duplication of effort. The federal government, in 2017, is OUT OF CONTROL, infringing and interfering with State sovereignty and their
separate economies. A problem arose in 2012 with Arizona's attempt to secure their border with Mexico. An article is
here. States can prevent infringements
by the federal government with an Aricle V Convention of States to not only reverse past federal government "power grabs" but prevent future federal government
violations of their Constitutionally-defined boundaries.
A new, well-organized group of volunteers in all 50 states have gathered to restore America to
its roots by limiting all 3 branches of the federal government with a
Convention of States (CoS) organization (alternate site,
CoS Action). This is a Convention of States to AMEND the Constitution — NOT rewrite it!
Recently, CoS held an Article V, Convention
simulation with appointed volunteers from all 50 States. The simulated Convention demonstrated how a well-organized CoS can vote for proposed amendments
to the Consitution that are popular enough to be ratified by the necessary 3/4ths of States (38). Obviously, only proposed Amendments that are likely to pass
both Houses of the legislatures of thirty-eight (38) States, that is, the required 3/4ths of States to ratify an Amendment to the Constitution should be proposed.
See the Final Report here.
The purpose in a Convention of States, simulated or real, is to PROPOSE AMENDMENTS that give power back to the People. The proposed amendments must reflect the
thinking, objectives — the goals of people of States — who want to restore our Constitutional Republic to one that represents the people.
ARTICLE V Convention of States—Restore the Appropriate Balance!
ARTICLE V Convention of States—Restore the Appropriate Balance!
ARTICLE V Convention of States—Restore the Appropriate Balance!
A real CoS, requires that 2/3rds of States (34) send an "application" to CONgress requesting that
CONgress schedule a CoS. State Legislatures are composed of an Assembly and Senate. Each "house" must pass a bill separately and send the resolution to their
Governor. Then the State sends an "application" to the CONgress. When the federal CONgress receives applications from 34 States, the CONgress is required to set a date for
the Convention of States. CONgress is NOT involved otherwise. The States have the Convention, propose amendments, and dispatch the precisely worded amendments to
their respectives assemblies and senates for ratification. CONgress only schedules the Convention.
Have you noticed that free checking accounts are now nearly nonexistent, and locally owned stores are increasing the $5 minimum charge on debit cards?
