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It's Forced Involuntary Unemployment We're Facing

When I was a junior in high school studying Economics, I interned one day a week for an entire semester with a large well known stock brokerage firm. The broker I predominantly worked with was an extremely intelligent man who was well educated in economics. He taught me that you don’t have to be that smart to be a successful stock broker. You just have to take the time to thoroughly research everything about potential investments and the business of money! This man had the privilege of doing business with the government’s of several foreign countries. Despite being Harvard educated he said this is how he found out how the U.S, and the rest of the world’s monetary systems actually work!

IN 1971 PRESIDENT NIXON FORMERLY ENDED THE USE OF AN ASSET BACKED CURRENCY WHICH REQUIRED THE GOV'T TO POSSESS GOLD FOR EVERY DOLLAR PRINTED AND IN CIRCULATION, AND SWITCHED TO A NON-CONVERTIBLE FIAT CURRENCY WHICH REQUIRES ABSOLUTELY NOTHING BACKING EVERY DOLLAR PRINTED AND IN CIRCULATION. WITH A NON-CONVERTIBLE FIAT CURRENCY THE GOV'T CAN PRINT AS MUCH MONEY AS THEY DEEM NECESSARY. THE DOLLAR'S ONLY VALUE IS THE FAITH PEOPLE HERE AND ABROAD PLACE ON IT BY ACCEPTING IT AS A TOOL FOR TRADE, THAT IS IT! THIS IS HOW ALL SOVEREIGN NATIONS LIKE CHINA, UK, CANADA, AND JAPAN OPERATE THEIR MONETARY SYSTEMS! THERE IS ABSOLUTELY NOTHING TO BORROW, IT IS INK AND PAPER! 

The US government is a monopoly of its currency. If they don’t print it there is no money. They tax us to control population, spending power, and who gets the money. The gov’t must run a deficit (which means injecting more money into America’s economy than it receives) in order to allow economy to run smoothly. When they don’t inject enough money into economy and give trillions of dollars to criminal financial institutions and corporations, we end up with a lot of Unemployment, Under-employment, Underpaid-employment, and the largest welfare roll in U.S. history! Excessive gov’t spending, and giving trillions of dollars to criminal financial institutions and corporations, contributes to the hyperinflation we have where Americans pay from 100-5000% more for products, service, and health care. The dollar is the chosen world's reserve currency, it is used in approximately 80% of every financial transaction on this planet making it the most sought after piece of paper in the world!

The gov’t will never go broke, and they do not rely on tax revenues nor do they borrow money from china or any other country to finance this country!

In short, the U.S. gov't offers bonds to anyone to drain excess reserves and to control the overnight loan interest rates. For example, China purchases $10 Billion Dollars worth of U.S. bonds with dollars they receive from all of the garbage products we buy from them. The U.S Treasury will deposit the cash into a (savings) account for China and debit $10 Billion Dollars from the excess reserves, The U.S. government does not use the money. If and when China wants to collect on the investment (plus typically low interest rate) the U.S. government will return the $10 Billion Dollars plus interest, into China’s (checking) account. It is a simple interest savings account! Technically, the only reason treasury securities are auctioned off is because it is mandated by a law that was enacted when our currency was still gold backed, and it has absolutely no merit, and if China (or any investors) were to stop purchasing the securities the gov’t would simply abolish the law It is a ruse that the majority of the U.S. gov't alleges to believe is truth! Very much like the fabricated debt ceiling that keeps getting raised despite tales of gloom. Or the idle threats of the federal gov't closing it's doors due to lack of funds.

 The reason America imports more than they export has nothing to do with cheap products from cheap labor, it is because exports are real cost  here(output and labor) and imports are pure benefit for the system. Basically for the cost of the ink and paper to make dollars, America's elite can purchase the rest of the worlds products (their output and labor)! The down side to this is the taxpayer’s here obviously don’t get to receive products from all over the world for the price of ink and paper, and the loss of millions of good paying manufacturing jobs. When the US gov’t started forcing outsourcing in the 1960′s they knew this and they lied and said other equally compensated jobs would definitely replace lost jobs! That has never happened! It's all about CLASS WARFARE!

The value of US currency is determined by what the gov’t demands private sector must do or sell to obtain it. The more unemployed (welfare, forced involuntary unemployment, etc.), the less value the dollar has. Unemployment equals less output. The true debt, we and future generations will have to pay, is the lost output and depreciated human capital! The only true constraints are resource based, not financial or monetary..

 The US congress, bush and current administration conspired with wall street and select financial institutions and corporations to deliberately de-regulate America into a depression, steal trillions of dollars from hard working taxpayer’s 401k retirement accounts overnight, and wipe out 8 million jobs! The US congress and both administrations compounded theft by rewarding the same syndicates trillions of dollars under the guise these institutions were too important to allow them to fail, and they would ressicitate the economy they murdered. The US congress and both administrations are aware that these cartels have only compensated themselves, speculated in markets, and purchased more wealth with that money!

Because of the excessive theft and spending by US congress and administration they have caused a financial depression, incorporated Forced Involuntary Unemployment, Under-Employment, and Under paid-Employment. Forcing millions of hard working taxpayers into poverty, despair, and onto the largest welfare roll in U.S. history! All TOTALLY UNNECESSARY AND DONE IN THE NAME OF GREED!

IF THE U.S. CONGRESS AND ADMINISTRATION DON'T STOP WORKING FOR (CORPORATE ELITISTS) WALL STREET, SELECT FINANCIAL INSTITUTIONS AND CORPORATIONS, END FORCED INVOLUNTARY UNEMPLOYMENT-UNDEREMPLOYMENT-UNDER PAID EMPLOYMENT, CHARGE ALL GUILTY PARTIES, AND RETURN ALL MONEY, THE ENTIRE U.S. CONGRESS AND ADMINISTRATION MUST BE TERMINATED IMMEDIATELY AND 100% POWER OF U.S. GOVERNMENT RESTORED TO WE THE PEOPLE.

Either run for U.S. congress or select a non-politician in your district to support. Draw  up a contract that stipulates if he votes on any bills, laws, etc without constituents consent he is immediately fired!

THERE ARE ABSOLUTELY NO OTHER ALTERNATIVES LEFT!

Don't take anybody's word, including mine, and do the necessary research to better educate yourself on exactly how the U.S. gov't and their monetary system works!

 

tmajor tmajor 41-45, M 2 Responses Jan 8, 2011

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That's what we're trying to do!<br />
<br />
How's things working for you since they legalized crack cocaine up there ay?<br />
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Boo hoo! Ranting about a system you Americans allow on the internet is not changing anything sir!! Yes you allow it because you do nothing to bring about change - you are unhappy now because it does not have any benefit for you now. So boo hoo... dont like it then do something! Nobody cares about you or any other spineless "Americans" ranting about your corrupt political or financial system anyways. How about fixing your own system before trying to do fix other regions' issues! LOL. No I am not an member of any fundamentalist group who's comments are ba<x>sed on prejudice just an Canadian who is soooo very bored of hearing and reading about how you allow your system to exploit you - LOL Change it!!