Political Bullshit & All That Jazz
So, we are alleged to be in an economic recovery. Here's the problem; interest rates are at all time lows. I mean down in the dirt, subterranean Mole Man kind of low. That's good....except it isn't. It's good if you're buying a house. It's good if you're running up debt on a credit card because your payments will be lower, much lower. It's bad, however, if you have your money in a CD or a savings bond because you're earning virtually no interest on either. Meaning; for retirees, things aren't so good. Low interest rates may be good for borrowers, but for people looking to save, they're hell.
Here's the real question everyone should be asking; “Why are interest rates so low.” The answer; “Because the Federal Reserve is trying to boost our failing economy.” And, their failure to do so, in spite of all-time low interest rates and massive spending by our government, is where the real problem lies. Yes, the ship of state isn't exactly sinking. But, given the sheer amount of money being pumped into our flagging economy, it's floating, but just barely.
Take away the low interest rates and the cheap money and you have a catastrophe. That's why cheap oil is viewed as a bad thing by so many governments around the world. They need to have expensive oil to pay their debts, in order to get more dollars per barrel. The cheaper the oil gets, the more trouble countries like Venezuela, Mexico and other Middle Eastern producers are going to have. So, don't be surprised if our government tries to artificially drive oil prices up, which might seem insane, but, when your economy is as tightly tied to the fortunes of other nations, as ours is, it can be very bad indeed. In other words, what's good for real, hard working Americans isn't always what's good for “America.” By “America” I mean; global banks and international investors.
"Oh, you thought you were the real Americans? Not Hardly!"
Yes, you probably didn't know that driving up prices and sucking the money directly from the wallets of hard working Americans in order to save big banks and investors from financial ruin, was your responsibility. This is generally where people say “We need to do something about those greedy banks!” And, they're right. Here's the solution. Get the government out of the banking business. It is the government guarantees that enable banks to behave badly. Not the banks themselves, but the government! Without the government, banks will do what they've always done, lend cautiously. But, as longs as they can offer banks and global investors tax payer guarantees, to offset financial risks, well, hell, the skies the limit. That's why changing our system of government or our economic system is simply a case undoing the sole safeguard we have against this form of tyranny.
This isn't the problem of democracy or capitalism, the Bill of Rights or the Constitution. It is socialism both for the poor and the wealthy that has warped what was good into something unrecognizable. After spending nearly twenty trillion dollars on poverty programs, we have virtually the same amount of poverty as we did a half century ago. What did we got for all that spending? A much, much bigger government, a few social welfare programs maybe—and that's about it.
For the rest of Americans, it means steady inflation, which drives up the cost for food, fuel and utilities. It gradually increases unemployment as well. All, inching up and up, eroding your spending power as they go. This may not be what politicians intend, but it is the consequence nonetheless.
Make no mistake, Barack Obama, Hillary Clinton, Jeb Bush and fake Native American Elizabeth Warren understand this. At least, I think they do. But one thing's for certain, not a damn one of them will save you. Nor do they intend to. No matter how inflated their rhetoric. Don't let anyone tell you otherwise.
Mark Magula
Here's the real question everyone should be asking; “Why are interest rates so low.” The answer; “Because the Federal Reserve is trying to boost our failing economy.” And, their failure to do so, in spite of all-time low interest rates and massive spending by our government, is where the real problem lies. Yes, the ship of state isn't exactly sinking. But, given the sheer amount of money being pumped into our flagging economy, it's floating, but just barely.
Take away the low interest rates and the cheap money and you have a catastrophe. That's why cheap oil is viewed as a bad thing by so many governments around the world. They need to have expensive oil to pay their debts, in order to get more dollars per barrel. The cheaper the oil gets, the more trouble countries like Venezuela, Mexico and other Middle Eastern producers are going to have. So, don't be surprised if our government tries to artificially drive oil prices up, which might seem insane, but, when your economy is as tightly tied to the fortunes of other nations, as ours is, it can be very bad indeed. In other words, what's good for real, hard working Americans isn't always what's good for “America.” By “America” I mean; global banks and international investors.
"Oh, you thought you were the real Americans? Not Hardly!"
Yes, you probably didn't know that driving up prices and sucking the money directly from the wallets of hard working Americans in order to save big banks and investors from financial ruin, was your responsibility. This is generally where people say “We need to do something about those greedy banks!” And, they're right. Here's the solution. Get the government out of the banking business. It is the government guarantees that enable banks to behave badly. Not the banks themselves, but the government! Without the government, banks will do what they've always done, lend cautiously. But, as longs as they can offer banks and global investors tax payer guarantees, to offset financial risks, well, hell, the skies the limit. That's why changing our system of government or our economic system is simply a case undoing the sole safeguard we have against this form of tyranny.
This isn't the problem of democracy or capitalism, the Bill of Rights or the Constitution. It is socialism both for the poor and the wealthy that has warped what was good into something unrecognizable. After spending nearly twenty trillion dollars on poverty programs, we have virtually the same amount of poverty as we did a half century ago. What did we got for all that spending? A much, much bigger government, a few social welfare programs maybe—and that's about it.
For the rest of Americans, it means steady inflation, which drives up the cost for food, fuel and utilities. It gradually increases unemployment as well. All, inching up and up, eroding your spending power as they go. This may not be what politicians intend, but it is the consequence nonetheless.
Make no mistake, Barack Obama, Hillary Clinton, Jeb Bush and fake Native American Elizabeth Warren understand this. At least, I think they do. But one thing's for certain, not a damn one of them will save you. Nor do they intend to. No matter how inflated their rhetoric. Don't let anyone tell you otherwise.
Mark Magula