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Al Adask: Bush and the “Root Cause”— a Financial or Constitutional Crisis?
http://adask.wordpress.com/2008/09/2...tional-crisis/
http://adask.wordpress.com/2008/09/2...tional-crisis/
Bush and the “Root Cause”— a Financial or Constitutional Crisis?
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Last Wednesday, September 24th, A.D. 2008, President Bush spoke on national TV to explain the current “financial” crisis and propose a solution. Excerpts from his speech and my comments follow:
“Most importantly, my administration is working with Congress to address the root cause behind much of the instability in our markets.”
Bunk. Bush and Congress have not only failed to “address the root cause,” they are terrified that circumstances may yet force them to do so.
The “root cause” is the lack of tangible backing (gold, silver or even crude oil) for the dollar. The “root cause” of the current economic problem is the fact that our fiat dollar is intrinsically worthless and, as such, a means for the federal government and/or Federal Reserve to strip the people of their wealth and rights and thereby gain enormous power. The “root cause” is the fact that our government has ignored and abandoned the Constitution of the United States since at least the onset of the New Deal in A.D. 1933.
In the end, the “root cause” of our current crisis is not “financial” but rather “constitutional”. If Bush & Co. admit that “root cause” is our fiat currency, they would admit that the entire system is not only bankrupt but unconstitutional and must be replaced. Our government has at least tolerated and arguably fostered systemic treason for over 70 years. That treason is on the verge of blowing up in gov-co’s faces. Hence, the “crisis”.
Gov-co can’t admit that truth. If they dared, they might be shot. Therefore, gov-co will seek to blame any and every other plausible or implausible “cause,” but they will not address the real “root cause” until Americans are dying and our cities are burning.
For example, consider Bush’s statement that root cause can be traced to foreign investors:
“First, how did our economy reach this point? Well, most economists agree that the problems we’re witnessing today developed over a long period of time. For more than a decade, a massive amount of money flowed into the United States from investors abroad because our country is an attractive and secure place to do business.”
Ohh, pulleese! Does anyone really believe we’re in this crisis because foreigners invested too much money in this country? Aren’t we here because our government ignored the Constitution and removed gold and silver backing from the dollar? Aren’t we here because the Federal Reserve has sustained inflation as a mandatory policy for over 70 years? Aren’t we here because our government created the real estate “bubble” back about A.D. 2000 to avoid a recession?
Foreigners, my ass-ets.
Bush: “I’m a strong believer in free enterprise, so my natural instinct is to oppose government intervention. I believe companies that make bad decisions should be allowed to go out of business. Under normal circumstances, I would have followed this course. But these are not normal circumstances. The market is not functioning properly.”
Assuming Bush’s explanation is valid, the first question is why are we not in “normal circumstances”? If “something” has caused abnormal circumstances, shouldn’t we identify and attack that root cause rather than apply a $700 billion band-aid to the effects? If we don’t find and eliminate the fundamental cause for our “abnormal circumstances,” it’s certain that this fundamental cause will continue to generate the same kinds of dire consequences (effects) the Bush administration is currently trying to bandage.
Bush won’t identify, let alone challenge, the real “root cause” of our “abnormal circumstances,” because that cause is the fiat monetary system and unconstitutional government. Read Article 1 Section 10, Clause 1 of the Constitution which declares in part, “No State shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts.” That section of the Constitution has never been amended. Nevertheless, when was the last time you saw gold or silver coin in general circulation as our money? Answer: A.D. 1968—the last year gov-co redeemed “silver certificates” with silver dollars. Since then, we’ve been in a brave new fiat-money world.
Without some sort of tangible backing, the dollar is worthless and everything denominated in dollars is virtually worthless. For example, suppose I declared the value of my home to be one billion Monopoly money dollars? How many Monopoly games would you have to purchase to come up with one billion dollars in Monopoly money? Ten? Fifty? Whatever the number, you could probably buy enough Monopoly games to gather up one billion Monopoly “dollars” for less than $500 in what passes for “real” money (Federal Reserve Notes). Thus, you could purchase enough Monopoly games for $500 in FRNs to buy my home for one billion Monopoly “dollars”. In essence, because the Monopoly money is intrinsically worthless, my home—priced in Monopoly money—would also be seemingly worthless.
The problem is that our Federal Reserve Notes (our “real” money) has no more intrinsic value than Monopoly money. Without some intrinsic value, your home price (denominated in Federal Reserve Notes) is ultimately every bit as “worthless” as if its price were denominated in Monopoly money. Without some intrinsic value, the people who print our modern Federal Reserve Notes can purchase your house just as easily and cheaply as if you’d priced the house in Monopoly money.
If your house were priced at $250,000, it could be purchased for 2,500 one-hundred dollar bills (cash). How much would it cost for paper and ink to print those 2,500 hundred dollar bills? A nickel each? About 125 “dollars” total? So what is your $250,000 house really worth if it can be purchased with $125 worth of paper and ink?
These questions and implications are mind-boggling. The imagination reels. Why? Because we live under “abnormal circumstances” wherein our “money” is based on subjective confidence rather than tangible reality. Once you begin to face questions about the nature of your money, you may be terrified to discover that your whole financial world is as intangible as a dream, a delusion or even a nightmare. Where can you find safety and security in a world built on smoke and mirrors?
Our current financial crisis is not a “cause”; it’s an “effect”. The fundamental cause for our current “abnormal circumstances” and resulting financial crisis is a monetary system based on the intrinsic fraud and unconstitutionality of fiat (paper and digital) dollars. The current adverse “effects” (crisis) might be temporarily staunched with a $700 billion band-aid, but similar adverse “effects” will continue to recur until we admit and address the fundamental cause (fiat money of an unconstitutional government) that has created our “abnormal circumstances”.
In his speech, Bush also justified his $700 billion “bridge to nowhere” by claiming that “The market is not functioning properly.”
What does Bush mean by “properly”? Is Bush complaining that markets are no longer supporting the “party line”? Is Bush complaining that the free markets have “wised up” and no longer lie to support the illusion of American prosperity?
The fundamental business of any free market is to establish the true value of products and investments. (It’s no accident that the concepts of freedom and truth are so closely linked and interdependent.) What evidence does Bush have that our free markets aren’t functioning exactly as they were intended? What evidence does Bush have that the free markets have not correctly deduced, discovered and established that the true values of the various mortgage-based debt instruments are only a fraction of the politically correct or “notional” value of those instruments?
It’s not the free markets that are “functioning improperly; it’s the government that’s “functioning improperly” by abandoning constitutional principles. And whose responsibility is it to fix a government that’s abandoned its constitutional principles? The government, itself? Or the We the People?
Answer: We the People.
The gov-co is not functioning unconstitutionally by accident. They are functioning unconstitutionally by intent. They have no intention of restoring constitutional government. If they did, they might be tried for treason. By definition, an unconstitutional government will not restore the Constitution.
So it’s up to the People to restore constitutional government. Just as declared in our “Declaration of Independence”:
“That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government . . . . all experience hath shown, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty to throw off such Government, and to provide new Guards for their future security.”
We the People have the absolute right and even DUTY to overthrow unconstitutional government. However, so long as the People continue to passively allow our purported government to subject us to an unconstitutional, legal-tender, fiat-money system, the “root cause” (unconstitutional government and especially fiat money) of our “abnormal circumstances” will continue. So long as that “root cause” continues, we will inevitably see more “effects” just like our current financial crisis.
Implication: No matter how the current “financial” crisis unwinds, We the People will continue to bounce from one crisis to another until we have either 1) a complete social collapse or 2) We the People get up off the couch, remove every Republican and Democrat from public office, regain control of our government and reestablish the Constitution of the United States.
Conclusion: If the current crisis doesn’t collapse the U.S. financial system, the next one will, or the one after that. Until the American People read, understand, and enforce Article 1 Section 10 Clause 1 (“No State shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts . . . .”) of the Constitution of the United States, the crisis (or crises) will continue until the nation is destroyed.
Given the American people’s current ignorance and apathy, it is unlikely that the People will soon regain control of their government and reestablish the Constitution. As the “Declaration of Independence” observed, “. . . all experience has shown, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.” Thus, so long as the fiat monetary system (and unconstitutional government) are “sufferable,” the People will probably agree to endure. But if the system goes down, cities burn and people die, the system will no longer be “sufferable” and the people will finally move for radical change.
In the midst of a real financial collapse, the People might finally wake up, read and reestablish constitutional government. But just as likely, in the event of a collapse, the People might also be beguiled into accepting a ruthless dictatorship by the first charismatic, goose-stepping fascist who promises a free lunch.
Bush: “First, the plan is big enough to solve a serious problem.”
But what is the “serious problem”? Making sure that incumbents—especially Republicans—are reelected in November? Making sure the People don’t realize the “financial” crisis is really a constitutional crisis? How can the politicians solve the problem of reelection for incumbents? Make sure the financial crisis doesn’t metastasize into a systemic collapse before election day. How can the politicians prevent a collapse within the next six weeks? Bamboozle the dummies (taxpayers) with a $700 billion box of band-aids?
Bush: “The government is the one institution with the patience and resources to buy these assets at their current low prices and hold them until markets return to normal.”
First, the “government” isn’t actually buying these alleged “assets”—the taxpayers are.
Second, so long as we have a fiat monetary system, the free markets will never return to “normal”. Instead, the markets will be constantly manipulated and controlled to generate “politically correct” values for our various products, commodities and equities.
If “normal” means a “free market,” then “normal” is not possible without a monetary system that’s based on specie (gold and silver) rather than fiat paper and digital electrons. So long as there’s a fiat monetary system where only one entity has authority to print the “money,” that entity will inevitably control and manipulate the “markets” by simply deciding which investments and entities receive the fiat monetary “rain” and which are subjected to a financial draught.
If you want communism or any other form of a controlled, collectivist economy, start with a fiat monetary system. Whoever controls the fiat money printing presses, ultimately controls the country.
Conversely, if you would be free, you must fight to restore a constitutional, specie-based (gold and silver) monetary system.
Bush: “Once this crisis is resolved, there will be time to update our financial regulatory structures. Our 21st-century global economy remains regulated largely by outdated 20th-century laws.”
Again, the “crisis” (effect) will not be “resolved” until we address the “root cause”. Our current crisis will be, at best, only temporarily postponed until we address the fundamental cause: fiat “money” imposed by unconstitutional government.
And what part of the Constitution commits or even permits our President to express concern about the “global economy”? Why isn’t our President concerned with our national economy?
Answer: Because we live in “abnormal” (unconstitutional) circumstances. In the midst of this unconstitutional “abnormality,” our nation is being destroyed by our own, unconstitutional government.
Bush: “In the long run, Americans have good reason to be confident in our economic strength. Despite corrections in the marketplace and instances of abuse, democratic capitalism is the best system ever devised.”
Commenting on the “long run,” economist John Maynard Keynes, once remarked, “in the long run, we are dead.” Do Americans have any reason to be confident now or even in the near future? I don’t think so.
I am astonished by Bush’s claim that “democratic capitalism is the best system ever devised.” Apparently, that’s how today’s “system” describes itself. If “democratic socialism” and “democratic capitalism” both have fiat monetary systems, is there any real difference between the two “system”?
Did Thomas Jefferson and the Founders constitute the national system called “democratic capitalism”? If so, why is it that the terms “democratic” and “democracy” do not even appear in our federal Constitution? Aren’t we expressly guaranteed a “republican form for government” at Article 4 Section 4 of the Constitution of the United States?
Indeed, we are.
President Bush is mandated by Article 2 Section 1 Clause 8 of the Constitution to take an oath to “preserve, protect and defend the Constitution of the United States.” How do you suppose that our fearless leader can satisfy his oath to preserve, protect and defend a Constitution that mandates a “republican form of government” while he extols the virtues of “democratic capitalism”? More, how can Bush “preserve, protect and defend” the Constitution that mandates a monetary system based on “gold and silver Coin” while gov-co issues haystacks of paper and digital “legal tender”?
Bush can’t be true to his oath. In fact, the bastard is engaged in treason. As is the Senate and the House. This systemic treason is the “abnormal circumstance” that’s led this nation to the current “financial” crisis. But finances aren’t the cause, they’re the effect. The “abnormal circumstance” (systemic, unconstitutional government and treason) is the “root cause” and will not be corrected until the People recognize the problem, stand up on their hind legs and HANG every treasonous whore in the cathouse on the Potomac.
Recognizing that the People will probably never get up off the couch long enough to stand up on their hind legs, it seems likely that the Potomac whores will not only get away with their treason, but will probably be reelected and enriched by their treason. If so, the treason (cause) will continue and so will the effects: financial, political and social crises. One problem will follow another until we finally collapse into the kind of chaos that followed the collapse of the former Soviet Union.
Bush: “I know that Americans sometimes get discouraged by the tone in Washington and the seemingly endless partisan struggles, yet history has shown that, in times of real trial, elected officials rise to the occasion.”
Yes, and in some “times of real trial” (trials for treason, for example), elected officials sometimes “rise to the occasion” on the end of a rope.
Despite appearances and mainstream media rhetoric, the crisis that faces America today, is not “financial”—it’s constitutional.
Our government is unconstitutional. The “root cause” of our current crisis is that simple and it’s that hard.
We are headed for big-time trouble, and the price of our escape will ultimately be far greater than $700 billion. To get out of this trouble, the American people will actually have to 1) read the Constitution; and 2) act responsibly.
But how many Americans are willing to pay that price? Surprisingly few. Americans may bitch about handing $700 billion to Wall Street, but they will scream if someone compels them to actually read and study the Constitution. Most would rather have a dictator, than be forced to actually read and understand the Constitution. The idea of personal responsibility is anathema to anyone who relies on their credit cards to “shop til they drop”. But if there is a real collapse and the system of “democratic capitalism” is no longer “sufferable,” we just might see a restoration of constitutional government.
Until the People recognize the truth of the “root cause” and fight to restore constitutional government, this nation will bounce from crisis to catastrophe to collapse and finally into chaos. We don’t need $700 billion to “resolve” the current crisis. We need about five million Americans able and willing to read, understand and enforce the Constitution of the United States. We don’t need a $700 billion bucket of band-aids. We need a constitutional revolution. And one way or another, we’re going to get one. And soon.
Buckle up.
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Last Wednesday, September 24th, A.D. 2008, President Bush spoke on national TV to explain the current “financial” crisis and propose a solution. Excerpts from his speech and my comments follow:
“Most importantly, my administration is working with Congress to address the root cause behind much of the instability in our markets.”
Bunk. Bush and Congress have not only failed to “address the root cause,” they are terrified that circumstances may yet force them to do so.
The “root cause” is the lack of tangible backing (gold, silver or even crude oil) for the dollar. The “root cause” of the current economic problem is the fact that our fiat dollar is intrinsically worthless and, as such, a means for the federal government and/or Federal Reserve to strip the people of their wealth and rights and thereby gain enormous power. The “root cause” is the fact that our government has ignored and abandoned the Constitution of the United States since at least the onset of the New Deal in A.D. 1933.
In the end, the “root cause” of our current crisis is not “financial” but rather “constitutional”. If Bush & Co. admit that “root cause” is our fiat currency, they would admit that the entire system is not only bankrupt but unconstitutional and must be replaced. Our government has at least tolerated and arguably fostered systemic treason for over 70 years. That treason is on the verge of blowing up in gov-co’s faces. Hence, the “crisis”.
Gov-co can’t admit that truth. If they dared, they might be shot. Therefore, gov-co will seek to blame any and every other plausible or implausible “cause,” but they will not address the real “root cause” until Americans are dying and our cities are burning.
For example, consider Bush’s statement that root cause can be traced to foreign investors:
“First, how did our economy reach this point? Well, most economists agree that the problems we’re witnessing today developed over a long period of time. For more than a decade, a massive amount of money flowed into the United States from investors abroad because our country is an attractive and secure place to do business.”
Ohh, pulleese! Does anyone really believe we’re in this crisis because foreigners invested too much money in this country? Aren’t we here because our government ignored the Constitution and removed gold and silver backing from the dollar? Aren’t we here because the Federal Reserve has sustained inflation as a mandatory policy for over 70 years? Aren’t we here because our government created the real estate “bubble” back about A.D. 2000 to avoid a recession?
Foreigners, my ass-ets.
Bush: “I’m a strong believer in free enterprise, so my natural instinct is to oppose government intervention. I believe companies that make bad decisions should be allowed to go out of business. Under normal circumstances, I would have followed this course. But these are not normal circumstances. The market is not functioning properly.”
Assuming Bush’s explanation is valid, the first question is why are we not in “normal circumstances”? If “something” has caused abnormal circumstances, shouldn’t we identify and attack that root cause rather than apply a $700 billion band-aid to the effects? If we don’t find and eliminate the fundamental cause for our “abnormal circumstances,” it’s certain that this fundamental cause will continue to generate the same kinds of dire consequences (effects) the Bush administration is currently trying to bandage.
Bush won’t identify, let alone challenge, the real “root cause” of our “abnormal circumstances,” because that cause is the fiat monetary system and unconstitutional government. Read Article 1 Section 10, Clause 1 of the Constitution which declares in part, “No State shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts.” That section of the Constitution has never been amended. Nevertheless, when was the last time you saw gold or silver coin in general circulation as our money? Answer: A.D. 1968—the last year gov-co redeemed “silver certificates” with silver dollars. Since then, we’ve been in a brave new fiat-money world.
Without some sort of tangible backing, the dollar is worthless and everything denominated in dollars is virtually worthless. For example, suppose I declared the value of my home to be one billion Monopoly money dollars? How many Monopoly games would you have to purchase to come up with one billion dollars in Monopoly money? Ten? Fifty? Whatever the number, you could probably buy enough Monopoly games to gather up one billion Monopoly “dollars” for less than $500 in what passes for “real” money (Federal Reserve Notes). Thus, you could purchase enough Monopoly games for $500 in FRNs to buy my home for one billion Monopoly “dollars”. In essence, because the Monopoly money is intrinsically worthless, my home—priced in Monopoly money—would also be seemingly worthless.
The problem is that our Federal Reserve Notes (our “real” money) has no more intrinsic value than Monopoly money. Without some intrinsic value, your home price (denominated in Federal Reserve Notes) is ultimately every bit as “worthless” as if its price were denominated in Monopoly money. Without some intrinsic value, the people who print our modern Federal Reserve Notes can purchase your house just as easily and cheaply as if you’d priced the house in Monopoly money.
If your house were priced at $250,000, it could be purchased for 2,500 one-hundred dollar bills (cash). How much would it cost for paper and ink to print those 2,500 hundred dollar bills? A nickel each? About 125 “dollars” total? So what is your $250,000 house really worth if it can be purchased with $125 worth of paper and ink?
These questions and implications are mind-boggling. The imagination reels. Why? Because we live under “abnormal circumstances” wherein our “money” is based on subjective confidence rather than tangible reality. Once you begin to face questions about the nature of your money, you may be terrified to discover that your whole financial world is as intangible as a dream, a delusion or even a nightmare. Where can you find safety and security in a world built on smoke and mirrors?
Our current financial crisis is not a “cause”; it’s an “effect”. The fundamental cause for our current “abnormal circumstances” and resulting financial crisis is a monetary system based on the intrinsic fraud and unconstitutionality of fiat (paper and digital) dollars. The current adverse “effects” (crisis) might be temporarily staunched with a $700 billion band-aid, but similar adverse “effects” will continue to recur until we admit and address the fundamental cause (fiat money of an unconstitutional government) that has created our “abnormal circumstances”.
In his speech, Bush also justified his $700 billion “bridge to nowhere” by claiming that “The market is not functioning properly.”
What does Bush mean by “properly”? Is Bush complaining that markets are no longer supporting the “party line”? Is Bush complaining that the free markets have “wised up” and no longer lie to support the illusion of American prosperity?
The fundamental business of any free market is to establish the true value of products and investments. (It’s no accident that the concepts of freedom and truth are so closely linked and interdependent.) What evidence does Bush have that our free markets aren’t functioning exactly as they were intended? What evidence does Bush have that the free markets have not correctly deduced, discovered and established that the true values of the various mortgage-based debt instruments are only a fraction of the politically correct or “notional” value of those instruments?
It’s not the free markets that are “functioning improperly; it’s the government that’s “functioning improperly” by abandoning constitutional principles. And whose responsibility is it to fix a government that’s abandoned its constitutional principles? The government, itself? Or the We the People?
Answer: We the People.
The gov-co is not functioning unconstitutionally by accident. They are functioning unconstitutionally by intent. They have no intention of restoring constitutional government. If they did, they might be tried for treason. By definition, an unconstitutional government will not restore the Constitution.
So it’s up to the People to restore constitutional government. Just as declared in our “Declaration of Independence”:
“That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government . . . . all experience hath shown, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty to throw off such Government, and to provide new Guards for their future security.”
We the People have the absolute right and even DUTY to overthrow unconstitutional government. However, so long as the People continue to passively allow our purported government to subject us to an unconstitutional, legal-tender, fiat-money system, the “root cause” (unconstitutional government and especially fiat money) of our “abnormal circumstances” will continue. So long as that “root cause” continues, we will inevitably see more “effects” just like our current financial crisis.
Implication: No matter how the current “financial” crisis unwinds, We the People will continue to bounce from one crisis to another until we have either 1) a complete social collapse or 2) We the People get up off the couch, remove every Republican and Democrat from public office, regain control of our government and reestablish the Constitution of the United States.
Conclusion: If the current crisis doesn’t collapse the U.S. financial system, the next one will, or the one after that. Until the American People read, understand, and enforce Article 1 Section 10 Clause 1 (“No State shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts . . . .”) of the Constitution of the United States, the crisis (or crises) will continue until the nation is destroyed.
Given the American people’s current ignorance and apathy, it is unlikely that the People will soon regain control of their government and reestablish the Constitution. As the “Declaration of Independence” observed, “. . . all experience has shown, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.” Thus, so long as the fiat monetary system (and unconstitutional government) are “sufferable,” the People will probably agree to endure. But if the system goes down, cities burn and people die, the system will no longer be “sufferable” and the people will finally move for radical change.
In the midst of a real financial collapse, the People might finally wake up, read and reestablish constitutional government. But just as likely, in the event of a collapse, the People might also be beguiled into accepting a ruthless dictatorship by the first charismatic, goose-stepping fascist who promises a free lunch.
Bush: “First, the plan is big enough to solve a serious problem.”
But what is the “serious problem”? Making sure that incumbents—especially Republicans—are reelected in November? Making sure the People don’t realize the “financial” crisis is really a constitutional crisis? How can the politicians solve the problem of reelection for incumbents? Make sure the financial crisis doesn’t metastasize into a systemic collapse before election day. How can the politicians prevent a collapse within the next six weeks? Bamboozle the dummies (taxpayers) with a $700 billion box of band-aids?
Bush: “The government is the one institution with the patience and resources to buy these assets at their current low prices and hold them until markets return to normal.”
First, the “government” isn’t actually buying these alleged “assets”—the taxpayers are.
Second, so long as we have a fiat monetary system, the free markets will never return to “normal”. Instead, the markets will be constantly manipulated and controlled to generate “politically correct” values for our various products, commodities and equities.
If “normal” means a “free market,” then “normal” is not possible without a monetary system that’s based on specie (gold and silver) rather than fiat paper and digital electrons. So long as there’s a fiat monetary system where only one entity has authority to print the “money,” that entity will inevitably control and manipulate the “markets” by simply deciding which investments and entities receive the fiat monetary “rain” and which are subjected to a financial draught.
If you want communism or any other form of a controlled, collectivist economy, start with a fiat monetary system. Whoever controls the fiat money printing presses, ultimately controls the country.
Conversely, if you would be free, you must fight to restore a constitutional, specie-based (gold and silver) monetary system.
Bush: “Once this crisis is resolved, there will be time to update our financial regulatory structures. Our 21st-century global economy remains regulated largely by outdated 20th-century laws.”
Again, the “crisis” (effect) will not be “resolved” until we address the “root cause”. Our current crisis will be, at best, only temporarily postponed until we address the fundamental cause: fiat “money” imposed by unconstitutional government.
And what part of the Constitution commits or even permits our President to express concern about the “global economy”? Why isn’t our President concerned with our national economy?
Answer: Because we live in “abnormal” (unconstitutional) circumstances. In the midst of this unconstitutional “abnormality,” our nation is being destroyed by our own, unconstitutional government.
Bush: “In the long run, Americans have good reason to be confident in our economic strength. Despite corrections in the marketplace and instances of abuse, democratic capitalism is the best system ever devised.”
Commenting on the “long run,” economist John Maynard Keynes, once remarked, “in the long run, we are dead.” Do Americans have any reason to be confident now or even in the near future? I don’t think so.
I am astonished by Bush’s claim that “democratic capitalism is the best system ever devised.” Apparently, that’s how today’s “system” describes itself. If “democratic socialism” and “democratic capitalism” both have fiat monetary systems, is there any real difference between the two “system”?
Did Thomas Jefferson and the Founders constitute the national system called “democratic capitalism”? If so, why is it that the terms “democratic” and “democracy” do not even appear in our federal Constitution? Aren’t we expressly guaranteed a “republican form for government” at Article 4 Section 4 of the Constitution of the United States?
Indeed, we are.
President Bush is mandated by Article 2 Section 1 Clause 8 of the Constitution to take an oath to “preserve, protect and defend the Constitution of the United States.” How do you suppose that our fearless leader can satisfy his oath to preserve, protect and defend a Constitution that mandates a “republican form of government” while he extols the virtues of “democratic capitalism”? More, how can Bush “preserve, protect and defend” the Constitution that mandates a monetary system based on “gold and silver Coin” while gov-co issues haystacks of paper and digital “legal tender”?
Bush can’t be true to his oath. In fact, the bastard is engaged in treason. As is the Senate and the House. This systemic treason is the “abnormal circumstance” that’s led this nation to the current “financial” crisis. But finances aren’t the cause, they’re the effect. The “abnormal circumstance” (systemic, unconstitutional government and treason) is the “root cause” and will not be corrected until the People recognize the problem, stand up on their hind legs and HANG every treasonous whore in the cathouse on the Potomac.
Recognizing that the People will probably never get up off the couch long enough to stand up on their hind legs, it seems likely that the Potomac whores will not only get away with their treason, but will probably be reelected and enriched by their treason. If so, the treason (cause) will continue and so will the effects: financial, political and social crises. One problem will follow another until we finally collapse into the kind of chaos that followed the collapse of the former Soviet Union.
Bush: “I know that Americans sometimes get discouraged by the tone in Washington and the seemingly endless partisan struggles, yet history has shown that, in times of real trial, elected officials rise to the occasion.”
Yes, and in some “times of real trial” (trials for treason, for example), elected officials sometimes “rise to the occasion” on the end of a rope.
Despite appearances and mainstream media rhetoric, the crisis that faces America today, is not “financial”—it’s constitutional.
Our government is unconstitutional. The “root cause” of our current crisis is that simple and it’s that hard.
We are headed for big-time trouble, and the price of our escape will ultimately be far greater than $700 billion. To get out of this trouble, the American people will actually have to 1) read the Constitution; and 2) act responsibly.
But how many Americans are willing to pay that price? Surprisingly few. Americans may bitch about handing $700 billion to Wall Street, but they will scream if someone compels them to actually read and study the Constitution. Most would rather have a dictator, than be forced to actually read and understand the Constitution. The idea of personal responsibility is anathema to anyone who relies on their credit cards to “shop til they drop”. But if there is a real collapse and the system of “democratic capitalism” is no longer “sufferable,” we just might see a restoration of constitutional government.
Until the People recognize the truth of the “root cause” and fight to restore constitutional government, this nation will bounce from crisis to catastrophe to collapse and finally into chaos. We don’t need $700 billion to “resolve” the current crisis. We need about five million Americans able and willing to read, understand and enforce the Constitution of the United States. We don’t need a $700 billion bucket of band-aids. We need a constitutional revolution. And one way or another, we’re going to get one. And soon.
Buckle up.
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