OldNavySailor

The Escalator of Life Is Going Down (Part 2)

The truthfulness of your articles inspire me Mr. Quinn. Thank you again.

I don't know what to do. I write to my congressman and senators, but receive no responses other than political triteness. I’ve decided to take a different course of action to try and make my fellow citizens aware of how government is stealing our wealth and robbing us of our freedoms. I have created a micro-marketing initiative to spread propaganda about the inalienable rights we all have as American citizens.

I have purchased a large quantity of silver-dollar sized wooden buttons from a local business that makes consumer novelties. I had the buttons inscribed with various messages that I hope will get people to start thinking seriously about what government is doing to each and every American. Each of the tokens has the word, “THINK” printed in the middle with different slogans described around it.

For example:

“Government does not work for you. You work for the them”
“Government wants your money and your silence”
“Government will enslave your children, just like you are”
“Your taxes are payment to wealthy bankers”
“Politicians represent the elite class, not you”
“Campaign money is bribery”
“Free markets are no longer free”
“Government will kill you because you allow it”
“Government will steal your wealth because you allow it”
“Welfare creates poverty”
“Give up your gun, give up your liberty”
“George Orwell was a visionary”

I leave these buttons in bars (yeah, I like beer), on shelves of retail stores, on those small stands in banks (one of my favorite places), on book shelves in public libraries, on shelves in grocery stores, in government buildings and restrooms. I do it subtly (e.g., reach for product, leave a button). I don’t know if it will work, but I’m hoping it makes people think and take some action.

What else can we do short of outright rebellion?

Rating the Top 12 U.S. Banks - From Hidden Gems to Zombies

Did the audit include the amount of derivatives invested in by these banks? How were they valued?

See OCC report at: www.occ.gov/ftp/releas...

Lesson from Sweden: Aggregator Bank Will Fail

Our problem is that most of the custodians of our treasury (U.S. Congress) are too stupid to comprehend how capitalism works. They're more concerned with political posturing and pandering for votes than acting in the best interests of the American people.

What is the difference between the two major parties? NOTHING!

So why do we continually re-elect them?

Wall Street Breakfast: Must-Know News

They just don't get it. Not the money lenders, not Congress, not the media.

The Federal Reserve cartel thinks that liquidity is the problem; that reducing borrowing rates of interest for banks and printing more money will induce banks to start lending again. Businesses will be able to finance their operations and consumer credit lines will open up so Mary and Joe can begin purchasing imported goods again. But it still comes down to the average citizen and the reality of their pocket books.

The American people may not be sophisticated when it comes to arcane financial discussion, but they do have a sense of impending strife at the personal level.

They look at their earned income, their monthly bills, their check book and for homeowners, their shrinking home equity lines of credit. They see the deteriorating value of their financial investments and they are reducing their exposure by selling their stocks, bonds, mutual funds, etc. to raise cash. They are not going to spend much beyond their capability to repay because they're beginning to understand how the debt economy works and their individual role in this ruse of a monetary shell game.

Layoffs and pay reductions are accelerating, which means people have less disposable income. Local, state and the federal government income and property tax revenues are shrinking as well.

This economic debacle will not end by printing more money. It will not end with taxpayer stimulus packages. It will not end with government forcing the lowering of mortgage interest. It will not end with selling more debt to other countries. It will not end by making more credit available to citizens.

It will only turnaround when government understands that a consumer economy works when people have sufficient earned and investment income to participate as capitalists. Washington must stop listening to the creators of debt and start listening to the builders of wealth.

Government must focus on reducing business taxes and burdensome regulation to induce a re-growth of manufacturing here in the U.S. It is imperative that energy be directed towards marketing America as the global center of commerce. Jobs will grow, banks will have an increase in demand deposits which means more money to loan; people will begin spending again and so on and so on.

Again, it’s all about putting people back to work to create wealth, not about the availability of debt.

Is the U.S. Banking System Safe?

Move your money into a credit union that is a member of NCUA (National Credit Union Administration). It's safer than a commercial/investment bank and is insured (see: www.ncua.gov/AboutNCUA...). Each member has to provide a quarterly report of financial condition called a 5300 report. You can finds a credit union and view its report on the Web (see: www.ncua.gov/indexdata...).