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Politics as economic prologue ~The Unmaking of Political Monopoly Bankrupting the USA
So how might the three leads and legs of Troika Tripod Government best be led by the representatives of the people for the current recovery and future prosperity of America and the World?
A. An immediate emergency freeze in spending for a year.
State governments are required to balance their budgets. In the case of 41 states, union opposed budget cuts, fee and tax hikes did not accomplish this, and these states are de facto bankrupt. Of course the monopoly media so far have avoided headlining this or de facto Depression
Federal government has for generations managed to slide by with monetary and fiscal mismanagement. Government and their Corporate Bankster cronies inflated the currency and increased the deficit debt load. Since 1913 the Federal Reserve Bank and US Treasury enjoyed higher tax revenues and population controls they created with inflation into tax brackets.
However, the –84% collapse in the dollar since 2001 relative to gold, the
-35% decline in tax revenues, 22% real unemployment rate and 101% higher long-term interest rates since last year (due to higher risks of Federal insolvency rather than growth) stopped the Wimpy Hamburger game.
(I’ll gladly pay you Tuesday for a hamburger today.)
B. An immediate implementation of the Constitutional uniform 1% Temporary Tobin Transparent Total Transaction Tax to replace failed and falling Internal Revenue Income Taxes that increasingly slowed the economy since 1913. Income taxes became a government deception like the social security Trust, Tax and Number, which were supposed to be inviolable, affordable and never used as ID by the government.
Income Payroll Taxes were sold with a promise to never be more than a 1% tax on 1% of the population.
Various Presidents took them above 90% on both accounts. So-called corporate and bank taxes are at lower effective rates and less than a fifth of individual taxes. They are passed on to consumers and depositors who have a choice between being a controlled customer or a dropout.
C. A return to accountability in government, with bureaucrats who fail fired. A return to prosperity with more economy in government. A reduction in non-productive government bureaucracies. A return to Constitutional government.
How exactly these three principles manifest as Federal Reserve Audits, Government Downsizing, Red Tape Reduction, Tax Cuts or Troop Withdrawals is perhaps best left to responsible Jeffersonian Constitutional Independents elected and monitored by We The People.
In the meantime, despite ebullient monopoly media headlines, be prepared for some rough sledding, helicopter skiing and freebase jumping.
So far our Big4 asset allocation and TopTen portfolio subscriptions did a fair job protecting capital.
Regards*Rich
