Economic Warfare – Your Liberty, Rights, Freedoms are at Risk!

Bobblehead DollMany pundits have made the following statement, in one form or another, driving a car is the ultimate expression of freedom in America.  Yet, your freedom to drive a vehicle is endangered by the political left and the neo-socialists who want to steal and destroy your freedoms.  Mention economics, and most people’s eyes gloss over, brains disconnect, and they hope the pain will end shortly.  Please, fight this impulse.  I will attempt to make a highly complex topic simple and easily understood.  While I might not get all the specific details correct, I aim to communicate economics to a general audience that is free and empowered to further research the topics for themselves.  My links are reflected in the article for more information.

What is Money?

Money was discussed in a previous article and found here.  In simple terms, money is the tool used to transfer goods from one entity to another, showing a legal purchase was made to change ownership, hence opening the first crucial role of money, legally transferring ownership of goods and services from one person to another.  Unfortunately, legal ownership transference is where the government exercises its first controls, regulating cross-border commerce.  When the government went on a growth spurt in the 1930s, ballooning into the behemoth, we have right now, the government used the excuse of maintaining cross-border commerce to steal products grown by farmers, regulate prices, and set up means and methods to ensure the government was the only winner.TOP 25 QUOTES BY JOAN ROBINSON (of 54) | A-Z Quotes

The 1930 legal battles that wound up in the United States Supreme Court over price controls saw the citizen’s first attempt to reign in the government and failed miserably.  Worse, these first moves by the citizen were the first exchanges in an economic war that has raged ever since—money stores value.  Think of the money found when you do laundry.  You have no idea how long that money was lost, but the value of the money has not changed, you presume, and you celebrate finding the money.  Except, the value of that money has changed through inflation, and the government’s hidden tax (inflation) has robbed you of value.

Let’s say you found $20 in the laundry.  When you first lost that $20 bill, it had more value, e.g., you could purchase more with that money than you can now.  Sure, the value printed on the money still has $20 worth of goods or services, but the cost of those goods and services went up, restricting your ability to purchase.  Hence the economic warfare being waged by your government.  The government essentially said we would not worry about inflation.  Meaning they will devalue the money you hold for their own political purposes.Steve Keen Quote: "Economics is too important to leave to the economists." (12 wallpapers ...

An idea was floated by an economically challenged person to print a $5 trillion bill and use this to pay off the Chinese debt.  The problem is the devaluation of the money printed will capsize American citizens due to the hidden taxes of inflation.  Making that $5 trillion bill or bills would devalue the dollar and crash the American economy.  The stored value in the printed bill would not stand up to and be accepted, as a medium of stored value sufficient to pay the debts incurred.  Is the problem more clear; when money is printed, each dollar, pound, euro, etc., devalues the stored purchasing power of the money you currently hold in hand.Economics Funny Quotes. QuotesGram

Stored value is the second tool for waging economic warfare by the government against its citizens.  Consider all the money printed to pay for the supposed Coronavirus Tax Relief and Economic Impact Payments the world’s governments made to their citizens.  If you had $100,000 in savings when these monies were printed, your savings were devalued by the inflation rate, which is currently at a 40-year high in America.  The government is reporting inflation at 7.9%, so your $100,000 in savings lost the equivalent of $7900.  But, the government does not ever report inflation at the actual level, and the actual level of inflation is ranged between 8% and 45% depending upon the purpose or product you are trying to purchase.  Meaning your $100,000 could have a value of $92,000 to $55,000 in real value.  A hefty tax indeed!

Stored value, the number printed on different bill faces of currency, is static.  The actual value, e.g., the number of goods and services purchasable, is not fixed, and the government allows an annual inflation rate of 2% as “normal and acceptable.”  Thus, your $1 will have a purchasing power of $0.98, which is compounded year-over-year.  Thus, over a decade, that 2% inflation rate is now reducing your $1 to $0.80.  Multiply that for the $100,000 and a decade of saving, receiving interest that does not equal inflation to compensate means your money in your savings account has lost $20,000, just from the government allowing inflation at 2% annual growth.  Let’s say your bank is generous for savings account holders and provides a published interest rate of 3%, subtract the inflation taxes of 2%, and you are only earning 1% interest on your money.  Is this the bank’s fault or the government’s?Amartya Sen quote: Economic growth without investment in human development is unsustainable...

Do you see how the government is robbing you through economics?  Your 5% raise is only 3% once the inflation devaluation has been factored into your budget.  Play the lottery; the taxes alone might kill you, but the devaluation of the money reduces the actual purchasing power of your winnings.  If you do not understand the economic warfare being waged against you by your government, you will lose more than you ever gained in winning the lottery.  Yet another reason why lotteries are a tax on stupid people, for even when you win, you lose!

Cash has another problem beyond inflation, money supply.  The money supply is the technical term for ensuring banks can replace worn-out, ripped, and damaged money.  Money supply plays a role in how much money your local store has on hand to provide change and cashback to customers.  For employers who pay employees in cash, the money supply is a significant problem with extremely high costs.  The government regulates those costs and passes them onto consumers through banks and lending institutions.  Are you struggling to get a loan; this is another by-product of money supply woes.  Paying higher fees to change money to another currency for your trip is another money supply product.  Money supply remains another weapon of the government to affect economic warfare, and many people do not understand this principle, making the government’s policies more effective.Mahatma Gandhi quote: Economics that hurt the moral well-being of an individual or...

Have you noticed the decline in the availability of $10 dollar bills?  I asked for two $10.00 bills when I broke a $20.00 at a Walmart recently, I was denied because Walmart has instituted a policy to only accept $10.00 bills, not give them.  Albertson’s, Staples, the in-store bank in Walmart, and the local credit union, all have a similar policy.  What is the government doing forcing a reduction in $10.00 bills in circulation?  In researching this single policy, I can find no written information on this issue; yet the evidence is clear, there is a manual currency reduction in process and the government needs to explain why.

Before 1980, the basic money supply was measured as the sum of currency in circulation, e.g., cash, traveler’s checks, and checkable deposits.  Currency serves the medium-of-exchange function but denies people any interest earnings.  However, as discussed, interest earnings are not all they are cracked up to be due to inflation.  Cash under a mattress, lost in pockets of clothes, stuck in a book in your library is black money; it is as dead as yesterday’s fish and constantly devalued by inflation.  The money supply tries to regulate the cash on hand to lend as a tool to protect your money from inflation.  Except, the government constantly allows a 2% inflation rate, negating a lot of savings accounts and other interest-earning propositions.

Want a new car, consolidate your credit card debt, or try to buy a house; all of these loan products are an extension of the money supply and the regulation of money supply by the government.  Important to note that your credit cards and bank-issued or employer-issued debit cards are not affected by the money supply, and this is another reason why credit cards and debit cards are so dangerous.  These tools are agreements between you and the issuer, where money is transferred when the tool is used, and the consumer is responsible for all the fees the government insists upon to help pay for the money supply.Economy has frequently nothing whatever to... - Quote

Conclusion

In waging economic warfare, it remains imperative to know about economics, identifying what money is, its role, and the fiduciary controls the government exerts to attack its citizens.  Some may call my language inflammatory, but tell me, do the inflationary costs right now not feel like your taxes have skyrocketed?  Inflation is a hidden tax, a tax fully controlled by the government, and the value of your money decreases yearly because the government says 2% inflation is acceptable.  Who made this decision, an unconstitutional entity called the Federal Reserve Bank.  Since its inception, Congress has tried to obtain transparency and accountability from the Federal Reserve Bank to no avail.  Do you understand why I take umbrage with the Federal Reserve Bank?LIC

The governors of the Federal Reserve Bank decided your money could be taxed at 2% inflation annually as a normal condition of doing business.  These people set the interest rates you pay for your credit cards and are not paid for your savings accounts.  Looking into the history of interest rates since 1900, there is always volatility; the Federal Reserve’s actions have since the 1980s to not allow savings rates over 5%.  When adjusted for inflation, that’s a 3% interest rate for those trying to save money.  What does this mean; fewer people are saving money.  Look where those trying to beat the 3% have invested their money, the stock market, where volatility is a minute-to-minute occurrence, higher risks against less interest, where your money remains subject to taxes, fees hiding other taxes, government fingers, and inflation.

Your government did that to wage economic warfare against you, to empower them to steal your rights, freedoms, and liberties.  There is no other way to describe what is happening globally in all governments.  China plays games with the value of its currency to power trade deficits.  This, in turn, changes prices and increases costs.  These actions are taken to “compete,” when in reality, the activities cover massive debt problems in China.  If the CCP cannot keep the tap turned wide open on trade deficits, their money supply drys up, and debts come due in a bankrupting tsunami!Milton Friedman: The Most Quotable Economist - Capitalism.com - Create the Change

The European Union has never been fiscally sound because the various members of the European Union are taking advantage of the productive members to cover the costs of the fiscally useless members.  France cannot survive as a country without the European Union’s largesse; Greece, Portugal, and several other countries are all in the same boat.  Their governments did this intentionally as political games to stay in power.  When these countries run out of other people’s money, they will be forced to change socially, and the tsunami of debt to the World Bank and other nations will not be pretty.

Knowledge Check!Economics drives these problems mainly due to the lack of knowledge of the lines of congruence between economics and the psychology of governing.  The enemies of freedom understand economics, and this is why these tools have been so successful in waging war and stealing freedom, rights, and liberties through monetary policy.  Until we, the rightful owners of government, understand what is happening, we will all be at the whims of our enemies.

© Copyright 2022 – M. Dave Salisbury
The author holds no claims for the art used herein, the pictures were obtained in the public domain, and the intellectual property belongs to those who created the images.  Quoted materials remain the property of the original author.

Employers and Employees – The Battle is Waged: The Fight is Important

LookEmployers throughout the world, including Disney, American Express, Wells Fargo, and thousands more, have begun to battle their employees.  Unionized shops, the battle has been waged for 50 years and shows no sign of relenting.  Only recently have other employers joined the fray, not to help employees but to rid themselves of employees.  These businesses are fighting employees against their employees for the company’s culture and soul.  Couched in many a buzzword, political stance, and archaic practices, the employers want to rid their workforces of those they despise, and the battle is legal!

Make no mistake, what the employers are doing is immoral, unethical, and disastrous to those employees unfavored, but the actions remain perfectly legal, and this is the point we must understand.  Laws have been changed against the majority for the selectivization and advancement of the minority.  The fight is important because you might be next and never know your termination has been affected, but not enforced until it is too late.  This article intends to raise awareness, not cover every particle in the fight or catalog every avenue an employer might take to attack an employee.  Imperative to know and remember, as long as the actions are against individuals, no laws are being broken, and the employer wins when they can make the situation untenable, and the employee on the out quits or is forced out under a miasma of quasi-legal terms, so it appears that employee was treated fairly.Plato 2

Never forget, a lawyer’s job is to make the illegal appear legal, and the legal appear illegal, so a judge must decide.  Add in judicial activism and legislation from the judicial bench, and the trouble becomes apparent quickly.  Unfortunately, the lawyers’ training has shifted, and the legal mind’s quality has slipped under the weight of many of the topics discussed herein.  The vicious cycle can only be broken when the collective beliefs of the majority are re-established, not to the demise of the minority but the growth of the entire society.

Culture and Politics

As long as people have banded together into organizations, societies, governments, etc., there has been the push and pull of politics.  All of recorded history bears truth to this fact.  People have beliefs.  They express these beliefs through representatives who rise and fall in different leadership positions, and societies change according to the expressed beliefs through which a society is governed (law).  Pick a governing style (Communism, Socialism, Representative, Direct or Indirect Representation, Monarchy, Theocracy, etc.), and you will find the collective beliefs of the people expressed in how long a leader remains in power or the stability of the society so governed.  Politics happens and is best described as the push/pull of collective beliefs expressed by populations.  Economies rise and fall based upon the collective beliefs, expressed in the stability of the society and the government leader’s length of time as leader.Lemmings 1

History has shown when a governing leader is short-lived, it is generally because they refused to follow the collective beliefs of the population, giving rise to the credit ratings of stable governments and societies being higher than for those who are changing leadership every couple of weeks or months.  Those leaders who can tread the waters of public opinion maintain their jobs and, many times in history, their heads by following the collective beliefs in the morals of the people.  The US Dollar’s stability is one of the strongest reasons this currency is one of the world’s benchmark currencies.  Politics did that, and politics are the push/pull collective beliefs expressed by the citizens to their government leaders.  The process is messy and needs to be messy for a reason; only in the expression of two divergent points can a healthy middle ground be established, and society can grow.

Culture is not politics, but politics and politically minded people can influence it.  If politics is a society’s expressed beliefs, then culture is the expressed moral convictions as lived by a community.  For example, many institutions have been built on the law that coveting (envy) is wrong, but the practices of the people living build a culture that accepts graft, bribes, and other incentives that, while violating the law, are accepted.  Make sense?  The closer the culture is to following both the letter of the law and the living of the law provides for a stable and influential culture to invest resources into.?u=http2.bp.blogspot.com-BKwWSo412lIUngTRkmSYwIAAAAAAAARd8GqxDhvovmRgs1600salestaxcartoon.jpg&f=1&nofb=1

How does one change the collective beliefs of a society and the living practices of that society; first, you capture the children.  Bad ideas do not go away, they are either replaced with good ideas, or the bad ideas go into hiding, awaiting the time they can make a new appearance.  Everything modern society is facing has been faced previously, and the difference is that the seeds for the current dilemmas were planted more than 100-years ago, but the bad ideas first captured the children.  Why have these bad ideas advanced so rapidly?  The education of children in social customs, collectively shared beliefs, and individual duty, has been eroded and attacked mercilessly since “progressive education” (the refusal to teach children to read, write, and perform math) began in the late 1800s with Dewey, who called functional illiteracy “Progress!”

One of the first words plasticized, twisted, ripped apart, and then put together to fuel tyranny through modular language was the term progress.  Unfortunately, language has continued to suffer relentless attacks since the late 1800s, and more words have suffered the same fate in the modularization of language.  Consider with me the history of Tea.  Tea plantations in India were ruled by the iron fist of laws drafted in America and marketed with women in distress to the consuming nations geographically distant to where the crops were grown.  The tyranny of slavery is the same tyranny we face with modular language.  Nobody realizes this because to mention this connection is frowned upon by those making money off the tyranny of language.  The tyranny of modular language fueled the oppression of entire populations to fuel an empire.  The language led to actions (afternoon tea) and a host of other practices, words, and social customs to fuel the demand for Tea.  Unfortunately, the tyranny of modular language also fueled hot wars in China, more geographically distant suffering from the population consuming Tea.History of Tea | Dilmah School of Tea

Language – Plastic Terms

Diversity, what is it; what does it mean in practice versus meaning from a dictionary; what value does it have for a business?  Equity, same problem, fewer answers, more confusion.  Inclusion, same problem, confusion, chaos, and eventual destruction.  These are, but a small sample of current buzzwords strung together and causing problems in businesses.  There are entire word classes set apart for plasticization, which sound good to the ear, and that people love to rally behind, but these terms cover a hidden agenda.   They have been weaponized to destroy, not lift and build—tyranny through modular language, plastic words.Plastic Words: The Tyranny of a Modular Language By Uwe Poerksen

American Express is a perfect example of how DE&I efforts (Diversity, Equity, and Inclusion) have been weaponized to pick away, through politics, the non-politically affiliated, those who show up to their employment and merely want to work their job.  The University of Phoenix is another company long captured by, and suffering from, DE&I tyrants.  Both American Express and the University of Phoenix began their DE&I journeys with the best of intentions.  Still, the result remains the same, the minority classes bring politics anathema to good order and discipline into the company, initiating change cloaked in DE&I.  The result has been the discouragement and disenfranchisement of employees.  The DE&I champions crow and cheer for these people leaving as it injects more DE&I hiring, and the new employees realize that unless they are politically affiliated, read that as aligned to a militant tyrant in DE&I, they too will be out of work very shortly.

Language matters, and when terms are plasticized, the only result is destruction and tyranny.  Consider the teachers in the Albuquerque Public Schools System or the employees of the State of New Mexico; both populations stress DE&I initiatives under various names but with the same purpose.  Who are the enemies of DE&I; those who do not wear their politics on their sleeves, acting as emotionally charged smart bombs of the media.  Even if a person holds some of the DE&I beliefs, if they are not militant in their beliefs, they are ostracized by their language, judged, and removed from employment.Political Correctness = Language and Thought Control | Wake Up World

When the patients rule the asylum, the problems for all patients in the asylum double and triple, not improve.  The same result occurs when the vocal minorities of a population gain power that is not theirs, and they make no concerted efforts to rule fairly and justly.  One of the truths about any revolution is that those who initiated the revolution rarely (if ever) get to enjoy the fruits of their rebellion as they are so focused on fixing what they perceive as injustices, they miss that they have become worse in action than those they deposed.

80-20 Rule

The 80/20 Rule is known by many monikers, but always it is the same rule, in different wrapping – 80% of a population will be controlled by 20%.  In standard terms, the minority is setting the culture for the 80% to follow, and they hope you will never realize you are stronger without the vocal minority than with them.  Take the recent changes at Disney.  There is a vocal minority demanding change, couching the changes in diversity, equity, and inclusion, and the Disney business model is about to self-destruct.  The same is true of American Express, where if you are male and white, you are not welcome.  But, if you are one of the members of any number of protected classes, you are welcome.  When politics interferes in professional pursuits, 80% will always suffer under the tyranny of the 20%.  What happens when the vocal minority becomes the majority, they fang themselves to death, and nobody is left to care because that 80% majority has left them to their own devices.Pareto Principle: understanding the 80/20 Rule

It should go without saying, but I will make plain, I am not against diversity.  I do believe that diversity for diversity’s sake is wrong, immoral, unethical, and anathema to good order in a society.  Diversity of thought should be preeminent as the diversity of thought transcends skin color and lifestyle choices.  Diversity of thinking includes the desire to see all succeed on merit, character, and individual action.  I abhor in the strongest terms picking a person solely based on their gender, skin color, religious preferences, disability status, culture, or any variable that supersedes accomplishment, education, and learned skill set.  The same is valid for inclusion and equity; when people cannot compete solely upon achievement, education, and intellectual skill sets, this creates an imbalance in the population.

Hence roadblocks to education must be removed, character-defining and building experiences should be shared and taught, and achievement recognized.  What is missing from schools from K-12 and up; is accomplishment, education, and learned skill sets.  What has replaced these; is DE&I, where the vocal minority is destroying with no thought for what replaces the institutions, societies, corporations, and more.  Iconoclasm in its most destructive form has taken over employers, and these companies are committing suicide to pacify, tranquilize, and placate a small population at the expense of all.Make the 80/20 Rule Work for Your Online Marketing Efforts | WillTan.com

Inherently, change is not bad but growing, productive, and useful change requires inputs from a diverse population.  Inclusion is not inherently a bad thing, but the current demands for inclusion, only for the sake of inclusion, make the activities of the vocal minority lethal to the entire social body.  Equity is a prerequisite for society to grow, develop, and be stable long-term.  This is why societies built on slavery, or those muzzling 50% of the population, are inherently ripe for hostile takeovers.

The actions of the vocal minority in employment right now are precarious at best, suicidal at worst, and permanently immoral and unethical.  The models they promote have no substance and enable unfair, unjust, and unequal systems.  Worse, companies that flout their customer base, which is the largest stakeholder in any business, will find smaller profit margins and higher expenses as employee churn increases.

Knowledge Check!One truth that should give hope to the employees affected is that when the minority becomes the majority in a body and does not have any substance, they destroy themselves.  C-Leaders, are you sure you want to take the company you have been placed in control over down this dangerous path?  On my first day at American Express, new hires were introduced to the rich, proud, and stable company history and core values.  How sad it is to witness how fast this company has fallen!  Who will replace these companies?  Will their replacements learn from the failures of the past?

© Copyright 2022 – M. Dave Salisbury
The author holds no claims for the art used herein, the pictures were obtained in the public domain, and the intellectual property belongs to those who created the images.  Quoted materials remain the property of the original author.

The Biggest Lie in America – The Mouthpiece of Liars

Bobblehead DollSome would say the biggest lie in America is, “I’m from the government, and I am here to help you.”  While this is definitely a contender as a massive lie, there is one more insidious, and they have played the victim card for too long while being a festering wound on America’s soul.  Yes, the biggest lie in America is, “I’m from Hollywood, and I am here to entertain you.”  Maybe, this wasn’t a lie originally, as all good lies must contain an element of truth to keep people believing the lie; the truth is a glimmer of hope, people cling to hope, even when they know that the hope originates in a lie.

For example, Santa Claus is a lie, originating in the exploited actions of an actual person from history, and some have claimed modeled upon Jesus Christ.  Thus, you have hope, dressed in the shades and colors of a lie and sold as a good story to entertain.  Is the pattern clear?

Another example, the government is supposed to protect society; that’s it.  Yet, people have been sold a lie, mainly by Hollywood, that government is benevolent, benign, and trusting in government is natural.  Yet, even the founders of America knew never to trust the government, even as they tried to establish rules to control the government they were founding.  Do you know why the phrase, “In GOD we Trust,” is on the United States of America’s money; to sell the lie that the paper in your hand has value because everyone is supposed to trust God.  But, God did not print the money or cause the inflation that is crushing America and the world; the government did.

The history of Hollywood is replete with anti-Americanism.  From communist sympathizers who have purchased politicians to sway rules and end investigations to the pedophiles and perverts who relentlessly attack children, Hollywood continues to hide behind facades, lies, and charlatans to keep the “entertainment” money flowing.  Consider how long Weinstein was able to abuse people, cheat, and commit crimes.  How many presidents have bellied up to Hollywood to get elected or remain in power after leaving office?

The Clinton’s the Obama’s, how many Senators, Congressmen, princes from foreign lands, you name it, those who swim in Hollywood tend to rise from the waters stained and filthy rich.  Yet, Hollywood acts the victim, punishes real victims, and then playing the victim, has the gall to ask, “Are you not entertained?”

Russell Crowe’s film “Gladiator” uses Maximus Decimus Meridius to ask this question of Rome and her citizens.  Like Rome, maybe we need to ask ourselves the same question.  What price do we pay to be “entertained” by Hollywood?  Here are some of the costs collected from recent Hollywood enterprises. Are they the fees America should pay, or has Hollywood reached the extreme and, like any other business, needs to face the cold hard reality of an upset public?  You decide; I know my choice!

  1. Hollywood refuses to portray America as a Constitutional Republic. Always America is painted and slandered as a democracy.  Like any lie, those telling a lie know the truth and refuse to believe or accept the truth because the lie provides them power and resources.  Consider how anti-American sentiment continues to be spread by Hollywood.  While academics refuse to name Hollywood personally, the truth is obvious to anyone who wants to see Hollywood’s pernicious and deadly hand and the knife being wielded that is cutting America to pieces.
  2. Did you see the Hollywood documentary “An Open Secret?” Are you aware of the volume of child molestation, abuse, and conniving in Hollywood?  How the victims are always revictimized after trying to come forward?  How the industry actively works to hide the secret while pampering the abusers and protecting their own?  What we pay for “entertainment” helps keep the industry afloat and the victims silenced; is this not too high a cost for the morals of American Society?
  3. Has anyone noticed, does anyone care, that Hollywood continues to attack the nuclear family, and each attack is hidden behind the excuse “we are simply imitating societal decline.” Remember, to sell a lie, there must be elements of truth.  Are there certain aspects of society that imitate Hollywood and Hollywood then imitate as “art and free expression; yes, but that is not the majority of American society.  Fringe groups exist, and provided they remain non-violent, let them believe and live as they choose.  But, Hollywood wants everyone to think that the majority of American society is anti-nuclear families, anti-family, and anti-strong families in general, and research on the family supports the opposite of what Hollywood is pushing.

Let me hit pause for a moment; consider Will and Jada Pinkett Smith, two successful Hollywood stars, marry, actually love each other, aren’t running around cheating every other day on the other, and Hollywood cannot stand these two people being successfully married.  While not the first, and unfortunately not the last, this couple reflects the poison that is Hollywood.  Every successful couple, who wants to remain employed in Hollywood, gets destroyed by Hollywood, and the media is there chortling right alongside the destruction of the family.  The papers are replete with examples, and the attacks stretch back to the “Golden Age” of Hollywood circa 1930.

Worse, the retaliation against those who buck the system remains the most detestable and disgusting thing.  What props up the destruction of good people in Hollywood?  Fear that the Hollywood machine is going to come for you next.  Snakes feasting upon their own flesh is less despicable than what Hollywood does to everyone who tries to peel back the scab and expose the wound to sunshine disinfectant.

  1. Strong female and male characters are detested, destroyed, and denigrated, also called sexism. Consider John Wayne and the Hollywood-inspired hate and contempt he had to suffer.  Consider the problems Clint Eastwood regularly has to fight to make movies due to the colossal animosity directed his way.  There are lots of other examples of strong men and women and their destruction by envious Hollywood types.  If a person is not the current flavor of the month depravity, Hollywood will treat pets they despise better than their own who are strong-willed and capable.

Newspapers used to survive selling advertisements with the slogan, “If it bleeds, it leads.”  Hollywood is bleeding morality, and this story is not leading in newspapers globally.  Why; because the mouthpiece of Hollywood is the corporate media, who climbed into bed during the HUAC Committee hearings, and they have never left that incestuous relationship.  Hollywood feeds the media, the media feed Hollywood, and the world is treated to daily pots of trash called “reporting and analysis.”  What happens when you feed a person junk food all day, every day, for almost 100-years?  The American body is sick from the trash. This is also considered “entertainment,” but only for those holding the knives cutting morales, religion, and everything good and decent out of the societies who embrace Hollywood.

Under the US Constitution, the press was granted certain rights, acting as a force neutral and helping protect America from run-away government.  Instead, the press cottoned onto Hollywood and learned how to feed the circular logic that protects Hollywood from criminal charges by destroying all who oppose Hollywood.  Are you entertained?  Is your hard-earned money well spent at the movies whose actors, directors, producers, and affiliated staff use those funds to hinder, destroy, and criminally act?Apathy

America, Hollywood stopped entertaining us a long time ago.  The media was never supposed to entertain but inform and be neutral in their reporting.  I propose we, the consumers who have been abused, refuse the trash shoveled and imitate a stomach that has been abused enough; the next thing coming down, we throw it all back!

© Copyright 2021 – M. Dave Salisbury
The author holds no claims for the art used herein, the pictures were obtained in the public domain, and the intellectual property belongs to those who created the images.  Quoted materials remain the property of the original author.

Cost, Value, and Manufacturing

Does anyone else remember when Walmart was first breaking onto the scene as a competitor against K-Mart, they advertised “Proud to sell ‘Made in the USA’” merchandise?  Then shortly, Walmart faced its first scandal, being busted selling cheap junk boasting “Made in China” on the label.  The “pride” was pushed to the side, the “Made in the USA” disappeared, and the price was all Walmart was going to compete on, “Prices are falling.”  K-Mart is gone, Walmart is still selling, “Prices” are still “supposedly” falling, but where is questionable, quality is all but gone, and who has benefited?

I remember when my town got a Payless shoe store.  I plunked my money down for a nice pair of shoes; they lasted less than 30-days of wear; I was told, “You get what you pay for.”  The next pair of shoes I bought at Walmart turns out they were probably made on the same manufacturing line in China.  Payless sold them for $20.00; Walmart sold them for $30.00.  Neither lasted long enough for the new shoe smell to evaporate.  Payless Shoes is gone, Walmart is still here, the quality has not improved, and I am still asking, who has benefitted?

I purchased some tools the other day; I was mystified at the following label on the tag, “Made in the USA, of parts configured mostly in the USA but manufactured in other countries of origin.”  It turns out, if the assembly of parts is done inside the US, a finished product can be labeled as “Made in the USA.”  If some of the sub-assemblies occur outside the USA, the manufacturer might, or might not, be legally responsible to declare such, depending upon the industry, the finished goods, and the lawyers and labor unions involved.

Country of origin labeling is real sketchy, full of hungry lawyers and fascinating self-interest, as well as enough political grandstanding to satisfy forests of trees being slaughtered for centuries to come.  All in the name of, yes, you guessed it, transparency.  I am oversimplifying the problem here to make a point.  Your child’s pencils in school have to declare Made in China due to some lead poisoning issues in the yellow paint, but crayons can hide the country of origin because a lawyer said the transparency issue does not cause harm.  This convoluted logic is rampant throughout the entire mess of country of origin labeling.  Unfortunately, this is but the tip of the iceberg in manufacturing, cost, and value.

By the way, I guarantee, there are hordes of lawyers plotting ways and means of overturning country of origin labeling to hide or overturn legal decisions they find onerous, mainly to further remove any hint that “Made in China” could be traced to problems with poisoning to China.

Taking us to the first point in this article, when did America stop manufacturing?  Why did America stop manufacturing?  Why did stores stop selling American manufactured goods?  In Home Deport today, I made a point of looking for “Made Proudly in the USA” stickers on tools, products, and other items for sale.  There were no official statistics, no actual counts, just browsing shelves, looking for products, and I was not pleased.  Walmart has long been turned into a proud repository for Chinese manufacturing; to see anything other than “Made in China” on their shelves would be a significant accomplishment.

Having ventured into a Hobby Lobby recently, I was again amazed at the incredibly talented people worldwide and wondered again, “When did America stop manufacturing goods?”  Dollar Tree is another place where Made in China flourishes, and one has to wonder, “Why did stores stop selling American manufactured goods?”

Before anyone jumps to the conclusion that I am China-bashing or Big-Box Bashing, please note that I am sick to death of the excuses that “Manufacturing in America is too expensive to be profitable.”  I detest hearing excuses that “Manufacturers cannot find enough unskilled laborers to work the machines, without illegal labor.”  I am through listening to supposed experts declare that “Americans cannot compete with Chinese labor due to American expectations for benefits, job expectations, the cost of safety, etc.”  The other day some ignorant putz declared that the “American worker is just plain lazy compared to workers even in Europe, which is why Americans can never work fast enough to meet production goals.”

Bringing us to the cost and value topics of this article.  Long have cost accountants and operations managers had a professional love/hate relationship.  We love to hate each other for one reason; we do not see eye to eye on basic fundamental reality.  To a cost accountant, everything has a cost, but the difference between cost and value is not found in green money losses alone unless you are a cost accountant.

We have discussed the different types/colors of money previously.  Green money is cold hard cash, and cost accounting is only, ever, concerned with the end of the day totals of cold hard cash!  However, reality always has other types of money involved, relationships that cannot be qualified in monetary means, and humans are more than dollars and cents in a ledger.  Value is always different than cost.

Simple explanation; a hammer costs your great-grandfather $1.00.  With that hammer, your great-grandfather built a home and a cradle.  That cradle rocked your grandfather, father, and you to sleep.  Upon reaching the age of accountability, each, in turn, was taught how to swing a hammer, driving nails, and learning carpentry.  That hammer holds four generations of value, beyond the cost of $1.00.  Green money costs, that hammer has depreciated in value until it is worthless to the company and should be scrapped for a new hammer; but the value of that hammer is not measured in dollars and cents.  Thus the disconnect between operations and cost accounting.

What does all of this have to do with retail establishments, manufacturing in America, and “Made in China?”  What is the value of manufacturing in America; self-sufficiency in the time of trouble, pride of accomplishment, value in production, and upward economic mobility of dreams for employees. Why does America need retail establishments that will sell “Made in America;” to remind Americans who we are, why we are neighbors and provide an outlet for manufacturing in America to compete.

Ask yourself, why did President Bill Clinton pave the way for China to join the World Trade Organization and actively push to move manufacturing to China?  Why did President Richard Nixon push so hard to “Open China?”  What has been the cost, and where is the value in either or both of these decisions?  Sufficient time has passed to evaluate both of these decisions without political rhetoric and bombastic bloviations from either political extreme.  Both presidents possessed more reasons and desires than they admitted while in office for these decisions and actions; the consequences are the focus, and you can judge the consequences yourself.

Consider cost versus value, consider the toll on hometowns across America where factories lay idle, homes lay vacant, streets lay silent, and poverty is so thick generations of destitution have lived and died in its shadow.  Consider how some towns have tried to restructure themselves and succeeded, others have failed, some shipped their children to schools far away, others have turned their towns into “sleeper communities” for cities 2-6 hours away.  You decide!  Think!  Investigate!  Talk to people laid off by unions and forgotten.  Then remember when politicians discuss taxes, labor union special interest projects, and social spending.  Remember the next time you, a citizen with a brain, are reduced to “Human Infrastructure.”

© Copyright 2021 – M. Dave Salisbury
The author holds no claims for the art used herein, the pictures were obtained in the public domain, and the intellectual property belongs to those who created the images.  Quoted materials remain the property of the original author.

Authoritarian Audacity – Consider This…

Bobblehead DollEliadis, Hill, and Howlett (2005) edited a book, “Designing Government,” used in many different academic institutions to teach courses on government in the United States.  The book and the authors are well known in academic circles, so when I discuss the findings in the book, I am not pulling information from an unknown, hardly read, obscure source.  I wanted this made clear from the beginning, for recently, several media sources have tried to declare that the cost of government is inconsequential and does not hinder a country’s economic forecasts significantly.  As I continuously state, draw your own conclusions.

From pages 60 and 61 for “Designing Government,” we find the following statistics; the authors put them in chart and graph form, I have placed them in bullet form; this is the only change to the statistics made.  Reported for Canada’s government in Canadian Dollars (1995).

      • 1973/74 – Economy-Wide cost of compliance costs $58 Billion
      • 1987 – Economy-Wide cost of compliance costs $78.7 Billion
      • 1993/94 – Economy-Wide cost of compliance costs $85.7 Billion
      • 1995/96 – Economy-Wide cost of compliance costs $83.4 Billion
      • From 1988 40% to a forecast of 47.2% in 1998, Regulatory costs of compliance increased.

According to the Canadian Federal Budget for Fiscal Year 1973-1974 as presented by Minister of Finance John Turner in the House of Commons on 19 February, 1973 Total Revenue was $22.997 Billion, Total Expenditures $25.208 Billion. With a deficit of $2.211 Billion.  If the cost of compliance for federal regulation was $58 Billion, the entire Canadian Budget could have been funded twice without deficit spending, with funds left over.  Tell me, what exactly is the number of “significant” for the cost of government??u=http2.bp.blogspot.com-BKwWSo412lIUngTRkmSYwIAAAAAAAARd8GqxDhvovmRgs1600salestaxcartoon.jpg&f=1&nofb=1

Now, wait a minute, you say, this is just a single year.  I could be gerrymandering and cherry-picking my data to make a point.  I haven’t listed a point yet.  But you’re correct.  Let’s run another year just to see what else is out there.

According to the Canadian Federal Budget for Fiscal Year 1987-1988 as presented by Minister of Finance Michael Wilson in the House of Commons on 18 February, 1987 Total Revenue was $97.215 Billion, Total Expenditures $126.232 Billion. With a deficit of $29.017 Billion, the cost of regulation in that year alone was $78.7 Billion.  Firstly, that is a lot of deficit spending in a little over a decade.  Secondly, that is a lot of growth in government regulation costs in the same period.  Thirdly, one is left to ask using historical records why both the cost of government and the deficit spending went up so significantly during the same period.Working Dollar

According to the academics, the answer is a little dry, “extreme forms of rhetorical hyperbole.”  A simpler version of the answer is this, the politicians in power are staying in control by scaring the hell out of the electorate using extreme cases, fear-mongering, and the media to hype fear!  But, don’t believe me, do not take my word for this at all.  Watch the news, go backward using YouTube, watch the news, and look for the latest “Boogeyman.”  In the 1980s, the boogeyman was the USSR.  In the 1990s, the boogeyman changed, morphed, and all but disappeared, becoming local crime issues.  2000 began, and we had corporations become the boogeyman.  Then 9/11 hit, and terrorism became the watchword.  Then we had the southern border and wars, and then we had big tech, big pharma; fast forward to 2020, and we have COVID, the unvaccinated, and the list goes on.  Rhetorical hyperbole in the extreme, drumming fear as the only constant 24/7/365 as the only reporting done by the “media.”

All the while, what is happening in government?  What is the current cost of government regulation?  Canada conveniently, like many other governments post-2000, hides their costs of regulation in hundred of pages of marketing materials and calls this  a “plan,” a “budget,” and a “roadmap.”  Finding simple facts like how much federal regulation costs my family and me into an arduous task.  However, if you can decipher all the lines and arrive at an answer, feel free to leave it in the comments below.Apathy

The point is, the information is not accessible, transparent, or quickly locatable, even though you pay for the government to report this information to you.  A perfect example of authoritarian audacity, and it is rampant in every single government across the globe.  Hey United Kingdom, they say the Internal Revenue Service in the United States is bad at reporting financial data to taxpayers; you have the US beat!  However, France and Italy have you beat!  But China and Cuba have you guys beat except for Venezuela and Brazil.  Canada and Australia are dark horses somewhere in this race; Japan, Vietnam, Thailand, and many more are on the list somewhere.  The only easy place to find data is Switzerland and Iceland, and even there you still have to swim upstream against marketing and government bureaucratese!

Knowledge Check!Taxpayers, the point is simple, you are paying to be hoodwinked.  You are paying to be lied to, manipulated, robbed, cheated, and left holding a bag full of blank checks and IOUs by the government officers elected, born into office, and who stole their way into power in your countries.  The bills do not go away when governments fall; ask Russia how they are doing with the USSR’s bills and problems.  Ask Venezuela how they are coping with the loss of their country and the accounts from their failed government.

Deficit spending countries, Canada, US, UK, Ireland, Spain, Greece, etc., you might want to pay a little attention here, cause when your economy finally fails, the bills come due, and who pays then?  Not the politicians who wrote the blank checks.  Not the special interests who benefited from the governments they sucked the money from.  Certainly not the Hollywood stars and media elites who consider themselves above everyone else.  The citizens pay, and they pay in blood, they pay in sweat equity, and they pay in treasury long after the principal and interest have compounded, and the debt creators have turned into worm fodder.Lemmings 1

Regulatory costs are always significant and exorbitant in time and treasure long after the wage earner is paid for being the putz that hinders and represents the government your taxpaying dollars support.  Regulatory costs are never free!  Regulatory costs are always triple, if not more, in dollars and cents than what a legislator thinks they will be.  For example, when Obamacare was priced as costing $10 Trillion, the smart taxpayer tripled the cost before considering anything else about the legislation.  The same is true for every other piece of legislation from the school board and the mayor’s office through the governor’s office to the federal level.  Every price tag should be tripled before consideration simply because the various accounting offices always downplay the numbers as a human failing.

But you have got to be joking.  Government cannot possibly cost that much money.  Let’s test that theory, using the United States, 1996 dollars, and Social Regulation for FY 1997 as reported by the OMB under Executive Order 12291 and 12866 from the following link.

?u=http3.bp.blogspot.com-CIl2VSm-mmgTZ0wMvH5UGIAAAAAAAAB20QA9_IiyVhYss1600showme_board3.jpg&f=1&nofb=1Total social regulation costs for 1997 were $198 billion.  Please note that this total does not include costs of regulations that totaled less than $100 million or regulations from independent agencies. There is a possibility that some agencies might have underestimated the costs of their rules.  Thus, the $198 Billion is a guess, and the end total is probably much higher.  Moreover, the estimate of $198 Billion is based upon educated guesswork performed and accepted by academics, legislation, and other banking regulations.  Not included in the costs of regulation are the simple transfer costs of money inside the banking system itself, as these are not considered as costs of regulation.

Did you catch that; certain costs are not considered because Congress allows them to be not considered.  Thus, Congress can lie about regulation costs, fees, taxes, and other monetary adjustments.  The only person who ever is accountable is the taxpayer left holding the statement for deficit spending.  Then the agencies have the audacity to need specially trained personnel to fill out paperwork to meet obscure fraud and deception laws and charge these costs back to the taxpayer as costs other than costs for regulation.  Best of all, tax paperwork is not considered a cost to regulation; paying taxes is not a regulatory cost.  Why not; taxes cost businesses to operate and cannot be changed into different categories?

Tax BurdenThe point is elementary; those who think they have power, bureaucrats in government employ, consider themselves authoritarians.  These authoritarians have presumed to possess the audacity to control how they spend your money because their bosses have allowed them leniency through laziness and disinterest.  Through a lack of scrutiny, the bureaucrat has become fat on power and must be placed upon a diet if a government “of the people, by the people, and for the people” is to survive.  Are you more aware of the problem?  What will you do today and tomorrow to help fix the problem?

© 2021 M. Dave Salisbury
All Rights Reserved
The images used herein were obtained in the public domain; this author holds no copyright to the images displayed.

New Jersey, New York, California, Oregon, and Washington – Just Sell Them for Parts!

cropped-laughing-owlWith a nod to Bill Engvall, let’s honestly discuss three complete holes in America where suicide by legislative fiat and executive stupidity has produced catastrophic failure.  Let me be perfectly honest, if either of these states were a business, they would have been forced into receivership, broken up, sold for parts, and their leaders jailed for incompetency and felonious charges of malfeasance long ago!  The charades have ended, the rose-tinted glasses are off, and frankly, the party is over, all the taxpayers are fleeing, and the businesses are closing shop and fleeing for healthier climates.

California this week passed another job-killing piece of legislation.  The bill is targeted at Amazon and is built on hogwash, acrimony, lies, and allegations so thin you could read Apple’s User Agreement through them.  Not the first time California’s legislative body has targeted a specific business for job-killing legislation, not the first time the legislation is built on sand, and the forecast is for torrential rain, not the last time this idiocy is going to happen.  The fact that California keeps killing itself is depressing!Bird of Prey

New Jersey and California hold an interesting title, and 32 other states are 100% insolvent in their Unemployment Compensation Trust Funds.  Business owners, this fact alone should scare the living daylights out of you and every one of your workers right now!  Now, some of you get it; some are scratching your heads and going; why is this important.  For those who got it, feel free to skip the following explanation.

The unemployment trust fund is akin to the social security trust fund managed by, raided, and depleted by the Federal Government.  No money means that the debts in those trust funds cannot be paid, and all the funds being collected right now are not being used for future calamities.  For all you economists out there, yes, this is a very simplified explanation.  Insurance trust funds are expected to be the funds of last resort to ensure payments to investors; those paying premiums for coverage can receive protection.  Not having these trust funds means the state unemployment insurance fund is in deep trouble, and there is only one direction to point the blame, the legislators and executives in government.

Bobblehead DollNow, some are claiming these funds were only depleted due to the COVID pandemic.  Do not believe the hype.  These funds were in trouble long before COVID hit, and the fact that there are funds to replenish these trust funds and government leaders are refusing to invest money in the trust funds should be major red flags for everyone in the state!  State and local governments are spending money like it’s Christmas, and the New Year will never come with the bills from the holidays.  Think drunken-sailor on 7-day liberty here if you prefer that analogy.  Either way, financial troubles are brewing above and beyond the current inflation woes, and the media is deftly NOT reporting this crisis.  Does anyone want to venture why this topic is not being discussed?

The Article from the Tax Foundation lays out the data nicely, and you are left to draw your own conclusions from the data.  But tell me, what happens when you call GEICO, Farmers, All-State, etc., with a claim and the claim is denied because the insurance company has no money?  Now multiply that by every wage-earner and business in your state and tell me if maybe, just maybe, the unemployment insurance trust fund being insolvent should be a more significant issue of discussion.Tax Burden

If your state is insolvent, and your next paycheck is a LOT lighter, remember this tidbit about unemployment tax insurance trust funds.

Unemployment insurance tax rates on businesses rise automatically when trust fund balances are low.”

Do you see the trouble now?  First, the government maliciously raids and spends the funds, then a hidden tax kicks in, depleting your paycheck, and the government does not have to tell you why your paycheck is lighter.  Especially since those in legislative bodies traditionally exempt themselves from having to pay these taxes.  Now add in the other hidden taxes; inflation goes up because when taxes climb, inflation climbs, prices go up to cover the hidden taxes of higher costs to operating a business, and wages stagnate, which crimps your budget even further.Government Largess

The states mentioned are not the states that did not need Federal Intervention, and they are not counted among the states spending money wisely, as discussed by Governing.com.  Please tell me that nobody is surprised by this revelation.  I find it alarming that Governing.com, in their analysis, was able to conclude the following:

Despite predictions that COVID-19 would crush state tax revenues, most of them didn’t need mega-billions in pandemic aid to balance their budgets. But for the most part, they seem to be spending the money wisely.”

Leading me to ask, why did the Federal Government invest our tax dollars, venture into such incredible debts, and shut down a booming economy?  COVID has proven NOT to be worthy of the title “Pandemic.”  Yet, COVID remains an excuse for emergency measures, emergency spending, and emergency police actions.  Will any media representative ask a politician why?  I didn’t like the book, but I read Albert Camus’ book “The Plague” for light reading.  That is a book about a public health crisis, a pandemic worthy of the title pandemic, and several times in world history, the title pandemic has been warranted when survivors are burning corpses in the street.  COVID fits none of the definitions or situations for a Pandemic, except for the politically connected to laugh at the politically abused populations.Angry Wet Chicken

Look at Washington, New York, New Jersey, California, and Oregon across the COVID-19 political mania.  Tell me why COVID is not an exercise in malicious government and politics gone horribly wrong.  Sure, we can add New Mexico, Minnesota, Michigan, and a couple of other states into the mix for fun.  These core states are where politicians made vast sums of money on COVID-Hysteria, and I would like to keep the focus small for the current article.

The House Ways and Means Subcommittee is reporting 32 states are intentionally withholding money from rural governments as a political move.  When you take the top 20 receivers of COVID-Relief money and the 32 states withholding COVID-Relief money, you find some lines of congruence with states with the harshest COVID restrictions, ridiculous COVID mandates, and no correlating data to infection risk avoidance.  Now, why isn’t COVID reported as a political and social experiment gone horribly wrong?  Worse, why was the money borrowed by the Federal Government at extortionate rates and given pell-mell to the states when the majority of those states do not need the money and the states that did need the money have sufficient if their politicians reigned in spending?Angry Grizzly Bear

The five states mentioned are not poor states by any stretch.  They have resources, both human and natural; they have riches galore, they have potential, they used to have favorable business climates, they are committing suicide.  Why should the rest of America bail them out?  Why not break them up into parts, sell assets to cover debts, place them into receivership, and force them on a diet of sanity and logic until the bills are paid?

I close with a word of warning.  Texas, you’re headed to California status faster than you would like to admit!  Your COVID restrictions are particularly heinous and represent the infection found in Austin spreading like fast-moving cancer to steal your state and liberty.  Arizona, Idaho, Wisconsin, Iowa, you are all on a similar track, the speed might not be as noticeable right now, but the infection is there and growing.  Utah, Colorado, Wyoming, Montana, both Dakotas, you are all at various places in being terminally sick with the same cancer.  If soft words and political expediency can conquer the Western US, the entire United States is lost.  New Mexico has been lost since it was given statehood in a political move that robbed Arizona and Texas of land!

Image - Eagle & FlagThe time to awake and arise is now!  The fight for liberty and freedom will be fought and won or lost in the American West.  Sure, the coasts of America are well and truly infected.  But, the fight for independence is not on the shores; it is right outside your doors.  The media and politicians like to hyperventilate about the coasts, but the rural communities in the “Fly-Over” states are more important to liberty and freedom surviving than any other local in America.  Awake and Arise!

© 2021 M. Dave Salisbury
All Rights Reserved
The images used herein were obtained in the public domain; this author holds no copyright to the images displayed.

Dollars and Sense – Inflationary Spending and Fiscal Insanity

Bobblehead DollThese articles have discussed money, monetary policy, fiscal sanity, and government spending several times this year.  Some have called me alarmist for raising fiscal sanity during a “Global Health Crisis.”  While COVID-19 (Sars-COV-2) is undoubtedly a viral disease with a 98%+ survival rate, I cannot in good conscience call this a “Global Health Crisis.”  The pandemic declaration was a political move, the mask mandating, business closures, and every other hysterical move have been carefully formulated to present a problem where none exists.  Has Sars-COV-2 mutated; absolutely, but the emotional hysteria has mutated far faster.

Dollars and SenseApathy

When you pass paper to a store clerk, are you spending money; no, you are spending confidence.  Your confidence in the dollar’s strength, as represented by a check, cash, money order, credit card, etc., is what is being spent.  Why was the Great Depression so lasting and detrimental; a lack of confidence in the US Dollar.  People who saved their money formed sane fiscal policies personally and acted logically lost their confidence in the US Dollar, and the dollar went into a great depression.

Since President Clinton, the US Government has been on a drunken spending spree and does not appear to be stopping unless the citizens demand they cease and desist!  What does this mean for you and me; everything costs more for two reasons inflation and interest.  When the government prints money, too much money increases prices, and too few goods chase too much money, resulting in people suffering.  When the government borrows money, the interest must be serviced; the interest will increase prices and usually absorb some of the extra capital on the market to bring down inflation.Lemmings 2

Except, Quantitative Easing (QE) is hindering the absorption of money on the market.  Hence America is witnessing something truly remarkable for the first time in financial history, the debt (principal), the interest, and the extra capital, all of these storms are combining into a major conflagration economically speaking.  Usually, at this point, a country begins to look for a place to go to war, which explains China and its expansionist policies in Southeast Asia and the Pacific Ocean.  Too much debt, too much interest, a military needing worked, and assets need to be stolen from other countries.  Typical historical thinking, war truly is grand larceny on a massive scale!

Where are America and China headed; let’s ask Czarist Russia, USSR, Nazi Germany, East Germany, China, North Korea, Italy, Venezuela, Greece, France, and who knows how many other economically unstable countries historically and presently.  Going to war will not solve this economic crisis, though some may try that solution.  The only solution worth advancing at this critical juncture economically is reducing the size of government, placing a firm halt on all government spending, and refusing the politicians to get into debt for at least two decades!  Yes, this means changing Social Security, Welfare, Medicaid and Medicare, and every other government benefit program to fit a reduced budget and smaller government model.  Failure to tighten belts for the next two decades will bankrupt America, and most of the world, making the Great Depression look like a summer picnic.Lemmings 4

Gold and Oil, real estate, Gross Domestic Products (the goods manufactured in America for sale), trade, all of these wealth tools and more cannot support the debt incurred, the money printed, nor the size of the government from the city and county to the White House.  As this trend continues, Wall Street will continue to be tumultuous, at best, and the confidence in the US Dollar will continue to slide.  But, as the dollar slides, which global currency will begin to take up the slack?

The Euro has discredited itself and is not worth the paper it is printed on.  China thinks they will step into the void and take up the slack with the Yuan, except their financial situation is almost as bad as Venezuela’s and Cuba’s, but their size and government type keep this hidden from the public.  Even though the Yuan is in junk status, the Communist government hides these facts; the truth is leaking out in higher trade tariffs and other global trade and finance costs.  Russia’s economic situation still has not stabilized with the fall of the USSR and will probably need another two to three decades until it can compete on the global economy again.Gravy Train 2

I heard a postulation that the Arabian Oil Rich nations of the Middle East would produce an OPEC-backed currency if the US Dollar fails.  I highly doubt this as a solution, but the potential is there.  Another person claimed the lack of confidence in the US Dollar would lead to the World Bank/International Monetary Fund (IMF) issuing currency for the world; boy, would that be a significant problem!  Yet, the American Dollar is being purposefully destroyed by the current crop of politicians, and nobody is standing up and declaring ENOUGH!

Inflation

The US Government, and many others globally, have increased their drunken spending since Jan/Feb 2020 to incredibly extensive levels and used a “Global Health Crisis” as the excuse.  Except when Ebola was sweeping the world, we did not have this level of insane spending and government intrusion.  Ebola is far deadlier, easier to spread, and yet the Ebola disaster is barely remembered.  Bird Flu, Swine Flu, SARS, MERS, all these viruses have had their time in the media hysterical spotlight, every single one of them is deadlier than Sars-COV-2, easier to spread, and they were never a cause for a global pandemic.Gravy Train

Inflation is caused by poor economic policy, where the government grants itself the ability to print money.  Inflation is not just money and monetary policy; inflation is also confidence, faith, and trust.  Inflation is how the government acts, thinks, and behaves.  Inflation is as real as COVID-19 and just as deadly as Ebola while being more problematic for everyone.  From Dec 2020 to the end of July 2021, inflation has increased the price of goods and services by 3.8%, seasonally adjusted, or 5.4% non-seasonally adjusted, which means that prices go up as a seasonal adjustment in the summer.

Fiscal Insanity

Consider with me an analogy; you live in a community of houses and pay a Homeowners Association (HOA) Fee.  Your neighbor has decided they can write checks on your checking account, and the HOA has granted them legal protection to write checks on your bank accounts.  Because your neighbor has legal protection, you sell off assets to provide the funds for your neighbor.  You sell to other neighbors letters of credit that you promise to pay interest on, provided your other neighbors hold those letters of credit for specific amounts of time.  Except, your neighbors stop buying those letters of credit over time because they do not like how your neighbor keeps writing checks and spending your money.  How do you keep this house of cards from blowing over and losing everything?

Tax BurdenAmerica is in this position right now!  Trend lines show a steady downward trend in the value of the US Dollar.  Inflation will keep increasing prices as too much money is chasing too few products on the market.  Debt needs to be serviced and interest paid.  But, when the interest payment is the only thing being paid, and the principal will also need to be serviced, where and how does the principal get serviced when the interest is absorbing all the monthly payments?  Simple economics, money once created and put into the money market, cannot just be absorbed or disappeared.  Just like food doesn’t disappear once consumed, the offal must come out and be handled responsibly.  Well, the dollar is in an offal position and needs responsibly handled!

© 2021 M. Dave Salisbury
All Rights Reserved
The images used herein were obtained in the public domain; this author holds no copyright to the images displayed.

Sales Tax Holiday’s – Pure Politikal-Gimmickry

Angry Grizzly BearUntil I moved to New Mexico, I had never heard of a “Sales Tax Holiday.”  As a kid, I learned about rebates from an economist who defined rebates as money that did not have to be charged, which pays for a program to give some money back after the purchase concludes.  However, rarely are rebates actual cash returns, but get “built” into the price to sell the product.  Consider all the gimmicks and rebates involved in selling a car, and you know the truth and deceptiveness of rebates.  Sales tax holidays are one of the biggest scams perpetrated in 17-different U.S. states, and it is time to rip the bandage off this festering wound and apply some sunshine disinfectant!

What is Politics?

Politics is too often a word with so much baggage; people become confused and stop listening after hearing the word politics.  According to Webster:

As a Noun, “the activities associated with the governance of a country or other area, especially the debate or conflict among individuals or parties having or hoping to achieve power.”

    • The activities of governments concerning the political relations between countries.”
    • The academic study of government and the state.”
    • Activities within an organization that is aimed at improving someone’s status or position and are typically considered to be devious or divisive.”
    • A particular set of political beliefs or principles.”
    • The assumptions or principles relating to or inherent in a sphere, theory, or thing, especially when concerned with power and status in a society.”

As a Verb, politic/s is derogatory and is defined as “engaging in political activities.”

Knowledge Check!From Old French Politique “political,” Latin from Greek Politikos, and Polits “citizen” and Polis “city.”  Thus, we have described the term politics in all its glory and inhumanity.  Is the term more understood?

Politics is a descriptive tool used to identify certain human activities where power is sought, and devious means and divisive gestures are employed to obtain that power.  Every action tied to securing power through devious means and divisive gestures is politics or political, which means derogatory.  For those needing more, derogatory is “showing a critical or disrespectful attitude.”  Thus, at the root, politicians by their very name and nature are derogatory towards those who elect them into power.

What is Realpolitik?

Bobblehead DollRealpolitik is politics or diplomacy based primarily on considerations of given circumstances and factors, rather than explicit ideological notions or moral and ethical premises.  For a long time, the American public has witnessed the same political gamesmanship (realpolitik) in the U.S. House of Representatives, the Senate, and the Presidency.  All because those in power have intentionally blurred the line between a Republic and a Democracy to stay in control.  Never does realpolitik benefit the rule of law or provide equality as a primary and fundamental governance position.

Sales Taxes

Use the link on Sales Taxes to appreciate progressive and regressive taxes more fully.  The sales tax sits at the highest pinnacle for regression of all the progressive ideas needing to be eliminated.  Consider this, in states with the highest sales taxes, the sales tax is a reversed pyramid scheme where the final consumer winds up paying taxes on business-to-business transactions, dynamically increasing the price of the final goods or services delivered.Gravy Train 3

From an article on sales taxes by the Tax Foundation, we find the following important information:

“Narrow sales tax bases reduce collections, but more importantly, they make the tax less neutral and less economically efficient. Many states exempt certain goods (like groceries or clothing) from the sales tax for political reasons, excluding many consumer services (such as dry cleaning, haircuts, or tax preparation) largely by historical accident. Most states instituted their sales taxes during the Great Depression, when services made up a much smaller portion of the economy. Since then, the portion of total U.S. personal consumption dedicated to services has grown significantly, while the purchase of goods has declined. This trend has contributed to the erosion of states’ sales tax bases over time, an unintentional base narrowing that puts upward pressure on sales tax rates.

How can a person tell that sales tax schemes create inequitable tax bases:

Curiously, a policy expressly designed to inject progressivity into sales taxes—an exemption for groceries—largely fails to accomplish its purpose. Studies suggest that the exclusion of groceries beyond the necessary exemption for food purchased using SNAP or WIC does not favor lower earners.”

What is a Sales Tax Holiday?

Lemmings 2Simply put, a sales tax holiday is a day, usually just a single day when the government allows you to purchase goods and services without paying a sales tax on the receipt.  However, all the other sales taxes are still built into the cost of the good or service; just on this special day, the final receipt sales tax is not charged.  Sales tax holidays are one of the most inefficient and ineffective methods of “sharing unanticipated government money surpluses with the taxpaying public.”

How do we know sales tax holidays are a gimmick, are ineffective and inefficient, and are nothing but the practice of realpolitik?  In 2017, the Federal Reserve researched and found that sales tax holidays only shift normal patterns of purchases, not spurring economic growth, not increasing sales, just moving sales to a holiday to see a minor benefit on regularly planned purchases.  What’s worse, sales tax holidays discriminate unequally, making taxpayers the fool.

Tax Scheme 2For example, Florida in 2021 held a “Freedom Week” where camping supplies and outdoor hobby supplies were tax-exempt.  As a disabled person, I cannot camp.  As an empty nester, there are not many outdoor hobbies for myself and my retired spouse to enjoy where we need supplies.  Thus, people like myself and my spouse would not benefit from “Freedom Week.”  The same goes for tax-exempt school supplies; not having children in school, we do not benefit from a sales tax holiday as kids prepare to go back to school.

Worse, those in the lowest income brackets, guess what, they do not benefit from sales tax holidays either!  Just like in the example above regarding the sales tax “exemption for groceries—largely fails to accomplish its purpose and does not favor lower-income earners.  Hence the politikal-gimmickry of sales tax holidays.  If your circumstances do not allow you to participate in the sales tax holiday on the exact day (or days) provided by your state, you lose, and the politicians could care less.

Janelle Cammenga, writing for The Tax Foundation, makes the following case:

Sales tax holidays are political gimmicks that distract from genuine, permanent tax relief. Sales tax holidays are free marketing for businesses to advertise for a 4-7% discount on products.  If a state must offer a “holiday” from its tax system, it is implicit that the tax system is uncompetitive. If policymakers want to save money for consumers, they should work to reduce the sales tax rate year-round.”

Tax BurdenI agree, mightily, sales taxes are progressive, which makes them a poor tax, to begin with.  Adding sales tax holidays make a sales tax worse!  Yet, they are sold to the public as if they were the best thing since sliced white bread.  While it may be true that taxes are the cost of society, there are better ways to collect taxes, and there are infinitely better ways to spend taxpayer dollars than the profligate waste we see happening daily!

© 2021 M. Dave Salisbury
All Rights Reserved
The images used herein were obtained in the public domain; this author holds no copyright to the images displayed.

The Proper and Improper Role of Government: Chapter 4 – Tax Freedom Day – Do you know why this is important?

Working DollarIn 2019, Tax Freedom Day was 16 April 2019.  For those not in the loop, Tax Freedom Day is the day all Federal, State, County, and Local taxes are paid from your paycheck.  This date gets further into the new year every year, and with the amount of inflation seen since 16 April 2019, you can bet that Tax Freedom Day will shortly be in the middle of May or July.

What is Paper Money?

Dr. Clarence Carson wrote an article about paper money and the US Constitution, quoted heavily below.  Paper Money, “… Paper that was intended to circulate as money but was not redeemable in gold and silver was technically described as bills of credit at the time of the Continental Congress and writing of the US Constitution and US Bill of Rights. The description was (and is) apt. Such Paper is a device for expanding the credit of the issuer.”  The credit of the issuer is improved, not the benefit of those forced to use the Paper as credit.  Hence, the US Government, to improve its credit, began printing money, and the problems in American Economics took off like a rocket sled on greased rails!Plato 2

Paper Money only has value when the person holding that Paper has confidence in the government printing that money.  In every nation across the globe, the only thing keeping value in the paper currency is confidence in the government by citizens paying taxes.  Hence, the problems with depressions, the confidence in value are shaken, and the holders of Paper Money become restless and lack confidence that their money is valuable.  Bills of credit, Paper Money conveying the value of debt have been around for a long time, as discussed in a previous article on money.  Why did the USSR fall; the currency had been worthless for years, and when the citizens had finally had enough, the government fell apart.  A fitting tribute and pattern to be heeded from history if we, the government owners, cannot get the government to cease and desist forthwith!

Government and Paper Money

The US Constitution, as originally written, forbids the US Government from printing paper money why; because of how fast the government abuses this power, creating inflation.  The Continental Congress was well aware of government abuses with Paper Money, thus restricting the Federal Government to coinage and tying the value to the gold standard.  Inflation is nothing more than a hidden tax, where the government controls how much value your money is worth.  Every person using US Dollars to make a purchase pays this tax.  Thus, by the time a consumable product has been paid for in a store, that tax, inflation, has been paid multiple times, and the consumer is always worse for every point of inflation the government allows.

IronyDid you know that the Federal Government allows 2% inflation every year as a “target?”  Consider this for a moment; the government wants your money and calls this tax a “good thing” for the economy.  Thus, your prices for everything increase 2% or $.02 every year because the government wants it to.  The 2% devaluation of your money is part of the Federal Reserves’ “Dual-Mandate” to achieve 100% employment and price stability.  Do you see any logic in making money less valuable as a means to improve employment and stabilize prices?  I don’t!  Now, consider this, inflation has hit a this year (2021) and has not stopped climbing.  Worse, inflation is expected to continue to grow as the government prints more Paper Money, which will eventually end in a depression preceded by massive deflation of the value of the US Dollar.  Keep in mind; inflation has become a global problem, as the majority of governments spent money they did not have during the pandemic.  Imagine lemmings racing for a fiscal cliff.

Lemmings 5Josiah Quincy wrote George Washington “that there never was a paper pound, a paper dollar, or a paper promise of any kind, that ever yet obtained a general currency but by force or fraud, generally by both.”   Yet, Congress still refuses to learn the lessons taught during the Continental Currency.  Debts, runaway inflation, legal enforcement to demand paper money be accepted, all of these lessons were experienced by the Founding Fathers, with Rhode Island being the Continental equivalent of California for bad fiscal policy and idiotic fiscal enforcement.Tax Scheme 2

The founding fathers met during an economic period of deflation, which quickly became a severe depression caused by states issuing paper money that was useless.  The founders “hoped to erect a system that would endure, and to do that, they wished to guard against the kind of fiscal adventures that produced both unpleasant economic consequences and political turmoil. Paper Money was reckoned to be one of these.”  Paper Money, without the backing of silver and gold, has led to speculation, inflation, deflation, cycles of economic depression, and Congress essentially stole the right to print paper money and borrow from the citizens unconstitutionally!  This cannot be stressed enough; there is a direct causal relationship between Congressional action, Executive Orders, and the economic problems America is suffering, including the bondage of debts insurmountable and the abuse of tax schemes!  All of which were powers strictly limited in the US Constitution because the founders knew the government would abuse the power of Paper Money!Bait & Switch 2

History shows that when paper money was discussed, the states overwhelming voted to remove the power to print money from the US Government, seeing this as the best method for long-term economic success in America.  “The vote was overwhelmingly in favor of removing the authority of the United States to emit bills of credit. The delegates voted by state, and 9 states voted in favor of the motion while only 2 opposed it. (New York delegates were not in attendance, and Rhode Island, of course, sent none.) It is a reasonable inference from the discussion that the delegates believed that by voting to strike out the words, (from the Articles of Confederation, which made up the bulk of the US Constitution), they had removed the power from the government to emit bills of credit.”  It is important to note that allowing states to issue bills of credit, print their own money, or stamp coinage was also forbidden.  To avoid the economic crisis, the founding fathers were in the middle of when framing the US Constitution and the US Bill of Rights from the Articles of Confederation.  How many problems, and how much lower would your taxes be if the Federal and State governments had simply followed the law instead of stealing rights and powers from the governed?

Facts About Tax Freedom Day

IRSPlease note, the federal deficit, state deficits, pension crisis, student loan debt crisis, and interest are not included in the numbers quoted below.  The following information comes directly from the Tax Foundation (linked above):

      • Tax Freedom Day is a significant date for taxpayers and lawmakers because it represents how long Americans as a whole have to work to pay the nation’s tax burden.
      • This year, Tax Freedom Day falls on 16 April or 105 days into the year.
      • In 2019, Americans will pay $3.4 trillion in federal taxes and $1.8 trillion in state and local taxes for a total bill of over $5.2 trillion, or 29 percent of the nation’s income.
      • Americans will collectively spend more on taxes in 2019 than they will on food, clothing, and housing combined.
      • If you include annual federal borrowing, representing future taxes owed (interest on the debt), Tax Freedom Day would occur 22 days later, 8 May.
      • Tax Freedom Day in 2018 and 2019 was five days earlier than it was in 2017, primarily due to the recent federal tax law, the Tax Cuts, and Jobs Act.
      • From 1930 to at least 1995, Tax Freedom Day has taken 1.27 days longer per year to reach. – I do not have an updated reference for this information since 1995.
      • In 2019, on average, it took:
            • 42 days to pay the income taxes
            • 26 days to pay payroll taxes
            • 15 days to pay sales and excise taxes, not including surcharges and government fees for services
            • 11 days for property taxes – states control this, some municipalities, it took a lot longer
            • 5 days for Corporate Income Taxes
            • 6 Days for other taxes that always get passed along to the consumer.

Tax BurdenI have read economic reports from noted minds in economics that claim had the dollar not been loosed from the ties to the gold standard, America could not have produced the tools needed to win WWII.  To which I continue to claim, as Colonel Potter from M*A*S*H so aptly stated, “HORSE HOCKEY! and BULL COOKIES!”  Having Congress issuing massive letters of credit, borrowing tremendous sums of money, and the economic fallout remains a millstone about the financial neck of this country.  How much longer will Americans pay for debts created during WWII?  What about the ever-increasing debt burden and interest that is driving prices and taxes ever upwards?

Knowledge Check!The US Government has acted improperly since establishing the Department of the Treasury and the Internal Revenue Service.  Not just improperly but illegally under the US Constitution as drafted.  Illegally, immorally, and unethically towards the founders, and distorted the intent of the US Constitution to protect America from runaway government debt and inflation/deflation/depression cycles common when issuing Paper Money.  This is the utter truth, and until this problem is rectified, removing paper money is the right thing to do, even if it means some financial hardship!  America can survive financial difficulty; we cannot survive the bondage of runaway debt, interest that sucks all the GDP, and the socialism projects being paid for by tax dollars to buy votes from envious people looking for “equality and fairness.”

© 2021 M. Dave Salisbury
All Rights Reserved
The images used herein were obtained in the public domain; this author holds no copyright to the images displayed.

$1.8 Trillion Annual Deficit – The Problems with Biden’s Budget

Angry Grizzly BearWith gratitude to the National Conference of State Legislatures (NCSL), their analysis of the proposed budget was broken down, and some sense was made.  Not that the news is logical, acceptable, or palatable, just that the budget documents were broken down, which was helpful.  We start with the most bass-ackwards aspect of the budget by asking one question, “Where is the money supposed to come from?”

The 2022 Budget Proposal left President Biden’s desk requesting Congress to spend $6 Trillion and add $1.8 Trillion in new deficit spending to the bloated debt the government already owes.  “Who is going to buy the bonds and make money on this debt?”  When a person employs a search engine, asking this exact question, many answers come forward, and some do not make any sense.

Peter Schiff stated:

The government doesn’t have money that it doesn’t take. Any dollar that the government spends is a dollar that the private sector can’t spend or can’t invest. The government has to take money out of the economy before it can put it back in. Nobody seems to understand this basic point because they see the Fed creating money, and they think, well, we just print money. They don’t realize that when they print money, they destroy the value of the money that’s already there. So, they’re not adding new purchasing power. They’re just redistributing it” [emphasis mine].

Thus the first problem with America’s debt and proposed budget transparent; there is no money that government can spend unless it first forcefully removes it from the owner.  That is theft, or as we recently discussed, legalized theft.  The Supreme Court of the United States (SCOTUS) has ruled that legalized plunder, legal theft, or forced taxation are the price we pay for civilization, thus making legal the government’s actions to steal money.Government Largess

Let me be clear; I am not an economist.  I select several very bright and experienced people to help explain things to me.  However, I can help others with less interest in economics understand what is happening in America right now to answer the question put forward, “Who is buying America’s debt instruments?”  The simple answer is that the Federal Treasury is buying the debt instruments, as the whole world sells their bonds and other American debt instruments.  What the Federal Reserve is doing is called “monetizing debt.”

Monetizing Debt

Gravy Train 3The definition of monetized debt is as follows. “Debt monetization or monetary financing is the practice of a government borrowing money from the central bank to finance public spending instead of selling bonds to the private sector or raising taxes. It is often informally and pejoratively called printing money or money creation.”  Money can only be created in two ways: selling products and services and lending money where the borrower pays interest.  While there are many different debt instruments, i.e., credit card, home loan, student loan, bonds, Treasury Notes, etc., the principle remains the same: you either sell goods and services to make money or lend money and make money on the interest.

Why does monetizing debt matter?

Two simple reasons the government allows debt to be monetized.  To hide debt, it doesn’t want the public to know about, and to absorb cash on the market as a tool to fight inflation.  Here’s the problem, there is too much debt on the government’s books to hide it from the public any longer.  Add to that the sheer volumes of cash in the marketplace after handing out money during COVID, and the Federal Reserve will monetize debt.  Even if the chair of the Federal Reserve denies monetizing debt, debt is being monetized.Burning money - THE JOSIAH BARTLETT CENTER FOR PUBLIC POLICY

In short terms, your pocketbook is going to take another hit on the chin, and possibly two.  First, your interest rate on privately held debt, credit cards, student loans, homes, etc., is going to go up, all while making lenders nervous and refuse to lend money.  Second, inflation is already making the dollars held less valuable.

Inflation first; inflation is the devaluation of dollars.  The government floods the marketplace with cash, and the currency you hold will drop in value.  For example, recently the inflation was reported to have been 4.6% higher year-over-year.  This announcement was made in April 2021, so all the money you earned last year suddenly became 4.6% less valuable this year, all before the interest rate increases affected those dollars.Inflation - 8 Things Everyone Ought To Know.

Case in point, the US Government sent me $1000 in January; I held onto those funds due to a move that was coming and spent the money in June.  However, between January and June, inflation moved up at a steady pace, and when I went to spend that $1000, it was only worth $850.  That is the power of inflation in your pocket.

Have you asked for a credit increase recently and been denied?  What about your credit limits on your credit cards, have they shrunk?  Both are indicators that the lenders refuse to lend due to the tremendous risks caused by fiscal insanity in the Federal Government.  What about home loans, have you had to produce more documentation, prove more income, and work harder to qualify for a loan?  What about student debt?  The government controls the lending of student debt.  Even here, the Federal Government cannot demand a lender loan money to student’s and many students have found their college expenses grow, and their ability to borrow shrunk.Inflation pickpocket | Cayman Compass

In a simple fact of life, every household in America understands perfectly. When your credit scores go down, your ability to borrow reduces, and it becomes harder to meet all your bills every month.  Every city, county, state, and even the Federal Government should know this lesson, but they refuse to believe problems arise when credit scores go down.  All because those elected believe they can tax some more, and the money magically appears.

Does money magically appear in your pocket; of course not!  It must be earned through working, selling goods and services, or trading your time for employment with an employer for a paycheck.  Does the law allow you to write blank checks, kite checks, backdate checks, or simply float a check waiting for a future payday; of course not!  Yet, this is what the government is doing right now with your money.  The government is spending money, promising the lenders that a future payday will be theirs, but the government has to spend money to get money.  Does that excuse work for you when the electric company, gas company, cellphone, and other bills arrive?A Helpful Chart : How Inflation Changes Mortgage Rates

The most heartbreaking statement I have heard in a long time was recently made by a physician’s assistant, who claimed, “Aren’t we all just one paycheck from disaster?”  The simple truth, mostly, yes!  Studies exist that talk about financial resiliency in America.  Financial resiliency is all about being able to weather a patch of trouble without losing your possessions in bankruptcy.  The conclusions were all but unanimous. Along with most industrial nations, America has no financial resiliency due to government fiscal policies that hinder saving money and the need to live on credit cards to keep the basics of life paid for each month.

When inflation is stealing the value of your money, no wage can compete with government theft, all before taxes.  Add in tax laws that are counter-productive, job-killing, and increase the cost of doing business, and the job you have becomes tenuous at best.  Add in the hidden debts the government is trying to hide, and nobody in America is making money.

QuestionWhat about those who consider themselves “Rich?”

The same problems you are having with inflation are the same problems everyone is having with inflation.  Let’s go back to my $1000 that became $850 through six months of inflation.  We all spend the same money, and inflation is killing everyone’s dollar equally!  Hence, I beg you, do not allow the media hype about rich versus poor to derail the point.  Inflation and monetized debt are killing the US Dollar, which is why so many foreign investors have dumped their US Debt instruments for safer financial shores.

While some people have more financial resiliency than others, everyone’s dollar is dropping in value.  Inflation and low financial resiliency mean making budget cuts to charities, hiring someone to maintain a lawn, and a host of other ways and means American’s share our money.  It can mean turning off services, weighing how much fuel can be used, and a host of other belt-tightening decisions.  All things the government should first be doing, and they refuse.24+ Inspirational Quotes For Unemployed - Audi Quote

Yours and my liberty and freedoms depend upon stable economic policy, firm fiscal policies, and elected officials scrutinizing the government for waste, fraud, and abuse.  Yet, what do we regularly find; fraud, waste, and abuse!  The Department of Defense has lost multiple trillions of dollars; not a single politician is asking for an audit and an explanation or is willing to withhold additional appropriations until the lost money is accounted for.  The Department of Veterans Affairs continues to mismanage funds, misappropriate funds, and waste money like overripe fruit; yet, still, we have zero interest from the politicians elected to scrutinize government.

I repeat Peter Schiff, only for emphasis:

The government doesn’t have money that it doesn’t take. Any dollar that the government spends is a dollar that the private sector can’t spend or can’t invest. The government has to take money out of the economy before it can put it back in. Nobody seems to understand this basic point because they see the Fed creating money, and they think, well, we just print money. They don’t realize that when they print money, they destroy the value of the money that’s already there. So, they’re not adding new purchasing power. They’re just redistributing it” [emphasis mine].

Inflation Quotes | Inflation Sayings | Inflation Picture Quotes - Page 2In redistributing your money, the government has proven they are the problem, and the solution begins locally!  Change your mayor, city council, county board, school boards, and every other elected official.  Getting the local governments in fiscal shape allows state governments to begin practicing fiscal health and sanity.  Then, we put people into the Federal Office more interested in scrutinizing the government than in writing endless laws and abdicating their legislative role to the executive bureaucrats and the judicial branch.

Knowledge Check!The budget put forth by President Biden is the height of insane, and I have only covered less than 1/10th of the budget problems in this article.  Granted, I covered the most egregious problem, but the fact that the legislative branch is even negotiating a compromise is beyond insanity and borders on criminal negligence!  We, each citizen of a representative government, must stand and tell our representatives NO MORE!  No more fiscal insanity, borrowing to buy votes, entering into debt obligations that make captives of unborn millions of other people.  No more will we allow them to buy votes to maintain power.  End the financial abuse of the taxpayer; your wallet will thank you!

© 2021 M. Dave Salisbury
All Rights Reserved
The images used herein were obtained in the public domain; this author holds no copyright to the images displayed.