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Three Blind Bankers: Reflections on the House Financial Services Committee Hearings
Since when do fashionable bloodletting leaches cure?
The 54% Dow corrective decline, currently experiencing fast and furious bear market rally, may be nowhere near finished.
Hope and hype spring eternal. Does anyone seriously believe, as three blind bankers and their banker funded President claimed, the decline will be over this year?
Re our Constitution, our Bill of Rights state powers not delegated in the Constitution are reserved to the States and Citizens.
Our Constitution does not authorize a Central Bank, Income Taxes or Big Sister Welfare Society. They only create bigger debts, higher taxes and lower standards of living overall as the middle class disappears.
http://www.tenthamendmentcenter.com/2008/07/21/why-the-founders-rejected-a-central-bank/
Federal government and debts grew faster than economy or population.
They created unchecked Federal Government which robbed liberty of prosperity. Government raided our Social Security Trust for the budget, like using a credit card to buy candy.
People reminded US the Oath of Office requires defending and protecting Constitutional liberties of life and property. They were put under surveillance by authorities, in violation of Constitutional Rights:
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable unwarranted searches and seizures, shall not be violated.
This includes unauthorized background checks, computer records, internet email, personal and telephone call privacy compromised by database mining, eavesdropping, and domestic espionage in the name of Homeland Security.
American communication companies demanded and got Congressional legal immunity from unconstitutional invasions of citizen privacy. Some Patriot Act!
Article I Section 8 of our Constitution requires taxes either apportioned according to the census or uniform. Income and social security taxes are neither. A one mil elective transparent transaction tax could be.
Thomas Jefferson wrote:
To take from one, because it is thought his own industry and that of his father has acquired too much, in order to spare to others who (or whose fathers) have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, “to guarantee to everyone a free exercise of his industry and the fruits acquired by it.”
http://www.ustreas.gov/education/fact-sheets/taxes/ustax.shtml
Article I Section 10 of our Constitution says:
No state shall make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts…
From 1933 under FDR, Americans were retroactively robbed of Constitutional contracts and currency secured by gold.
From 1964 under LBJ after the Kennedy assassination, citizens have not had Constitutional currency secured by silver.
Since 1971 under Nixon, the Federal Reserve violated Constitutional currency requirements to redeem dollars for gold with trading partners. No wonder surplus nations sold our debts and dollars.
Some have even accused Central Banks and their nominees of manipulating the price of gold with derivatives and headlines.
Defrauding American citizens of Constitutional Rights over several generations, like the frog slowly parboiled, makes it no less heinous or odious.
