In 1791, the first Secretary of the Treasury of the US, Alexander Hamilton, convinced then-new president George Washington to create a central bank for the country. Secretary of State Thomas Jefferson opposed
the idea, as he felt that it would lead to speculation, financial manipulation, and corruption. He was correct, and in 1811, its charter was not renewed by Congress.
Then, the US got itself into economic trouble over the War of 1812 and needed money. In 1816, a Second Bank of the United States was created. Andrew Jackson took the same view as Mister Jefferson before
him and, in 1836, succeeded in getting the bank dissolved.
Then, in 1913, the leading bankers of the US succeeded in pushing through a third central bank, the Federal Reserve. At that time, critics echoed the sentiments of Messrs. Jefferson and Jackson, but their warnings
were not heeded. For over 100 years, the US has been saddled by a central bank, which has been manifestly guilty of speculation, financial manipulation, and corruption, just as predicted by Mister Jefferson.
From its inception, one of the goals of the bank was to create inflation. And, here, it�s important to emphasise the term �goals.� Inflation was not an accidental by-product of the Fed�it was a goal.
Over the last century, the Fed has often stated that inflation is both normal and necessary. And yet, historically, it has often been the case that an individual could go through his entire lifetime without inflation,
without detriment to his economic life.
Yet, whenever the American people suffer as a result of inflation, the Fed is quick to advise them that, without it, the country could not function correctly.
In order to illustrate this, the Fed has even come up with its own illustration �explaining� inflation. Here it is, for your edification:
If the reader is of an age that he can remember the inventions of Rube Goldberg, who designed absurdly complicated machinery that accomplished little or nothing, he might see the resemblance of a
Rube Goldberg design in the above illustration.
And yet, the Fed�s illustration can be regarded as effective. After spending several minutes taking in the above complex relationships, an individual would be unlikely to ask, �What did they leave out of the illustration?�
Well, what�s missing is the Fed itself.
As stated above, back in 1913, one of the goals in the creation of the Fed was to have an entity that had the power to create currency, which would mean the power to create inflation.
[Editor's Note: In fact, the FED's inflation target is and has been 2% annual inflation for at least the last 5 decades. But even though the target is 2%, and the FED's reports might indicate
that the U.S. has only experienced 2% or less inflation, Americans have experienced price increases of products in several sectors. In the 21st century, healthcare inflation was/is a major topic. Several other
industrial sectors have experienced price increases beyond what the FED claims.
]
It�s a given that all governments tax their people. Governments are, by their very nature, parasitical entities that produce nothing but live off the production of others. And, so, it can be expected that any
government will increase taxes as much and as often as it can get away with it. The problem is that, at some point, those being taxed rebel, and the government is either overthrown or the tax must be diminished.
This dynamic has existed for thousands of years.
02/08/2012 Government bureaucrats want their jobs and they keep them by gaining more and more power and control over their serfs and slaves (us). Government produces NOTHING. Government is a
PARASITE that lives off the producers, i.e. private business and entrepreneurs who make and sell a product and employ millions of people who are ripped-off by government.
—Eric Raines
However, inflation is a bit of a magic trick. Now, remember, a magician does no magic. What he does is create an illusion, often through the employment of a distraction, which fools the audience into failing
to understand what he�s really doing.
And, for a central bank, inflation is the ideal magic trick. The public do not see inflation as a tax; the magician has presented it as a normal and even necessary condition of a healthy economy.
However, what inflation (which has traditionally been defined as the increase in the amount of currency in circulation) really accomplishes is to devalue the currency through oversupply. And, of course, anyone
who keeps his wealth (however large or small) in currency units loses a portion of it with each devaluation.
In the 100-plus years since the creation of the Federal Reserve, the Fed has steadily inflated the US dollar. Over time, this has resulted in the dollar being devalued by over 97%.
The dollar is now virtually played out in value and is due for disposal. In order to continue to �tax� the American people through inflation, a reset is needed, with a new currency, which can then also be steadily
devalued through inflation.
Once the above process is understood, it�s understandable if the individual feels that his government, along with the Fed, has been robbing him all his life. He�s right�it has.
And it�s done so without ever needing to point a gun to his head.
The magic trick has been an eminently successful one, and there�s no reason to assume that the average person will ever unmask and denounce the magician. However, the individual who understands the trick
can choose to mitigate his losses. He can take measures to remove his wealth from any country that steadily imposes inflation upon him and store it in a country where this either does not occur, or occurs to a lesser
degree.
Anyone who believes this country is free is an idiot!
"The politicians only want power so they can 'serve' you."
"Extortion and thuggery are good things when they're called law!"
Larken Rose
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.]
