the holistic radical

April 9, 2008

What is the Significance of the National Debt?

It’s a good indicator of how we ruined a once solid economy.

http://www.naturalnews.com/022931.html

Comments by Mike Adams, the Health Ranger

As we wind our way towards an election between the professional liars that have been put forward as candidates for U.S. President, it seems to be a great time to remind us all about the issue being routinely ignored by virtually everyone (except Ron Paul, of course, who was never really embraced by the “please lie to me” mainstream public). To what issue am I referring? The national debt, of course.

As you can see in this bumper sticker, the way to annoy a liberal is to “get a job,” as the pop culture bumper sticker says. To annoy a conservative, all you have to do is “defend the Constitution.” But how do you annoy everybody? That’s simple: Explain the national debt.

Americans don’t want to hear about the national debt. It’s like a family living paycheck to paycheck, maxed out on their credit cards, trying to pretend the collection notices are all being lost in the mail. They don’t want to admit they have no ability to actually pay off the debt they’ve incurred by pursuing a flamboyoant lifestyle, blowing wads of cash on high-priced wines, luxury vehicles, and an occassional line of coke — they desperately want to imagine they can keep living on money that appears from nowhere, regardless of how much they owe to everybody else and the fact that their incomes don’t even come close to matching their expenditures.

Too bad every household in America doesn’t have its own Federal Reserve, huh? If it did, we could all just print money to pay off our debt, save our skins, and ignore the fundamentals of economics. But even in Washington today (and New York), the Federal Reserve is too busy bailing out greedy, criminally-operated banks to turn much attention to the much larger issue of the United States’ national debt. Apparently, saving the banks is more important than anything else, and the Fed is now committed to destroying the U.S. dollar through runaway hyperinflation in order to prevent a few rich bankers from facing the consequences of their outrageous sub-prime lending sprees.

America runs its finances like a crack addict

But let’s get back to the national debt for a moment. The United States government is broke. The only reason it’s been able to operate for this long is because other nations and foreign central banks have been foolish enough to keep lending the U.S. government more money. It’s like giving cash to a crack addict and hoping he will somehow seek out a drug rehab center on his own.

This is the person who never gets a job, never makes an honest living, but yet somehow manages to hit up everybody else for cash. You know how it works: “I need to buy a car to get a job,” they say. And then when you pony up the cash for their car, they get drunk and wreck the car, and they never try very hard to get a job in the first place. They keep spending and spending, tossing money down the drain on blows of crack, meth, heroin or booze. They promise to go into rehab someday, if you’ll only help them through “the next month” with a little more cash. This is the life of a drug addict. (Do you know one? Everybody does, it seems…)

America is that drug addict. It borrows cash from the central banks around the world, blowing it all on Medicare prescription benefits signed into law by Bush (money for drugs, see?). It spends trillions on military campaigns that accomplish nothing positive, yet enrage the global community and recruit lifelong enemies of this nation. Notice how the price of oil has more than tripled since the war with Iraq started? It’s so bad now that truck drivers are going on strike over the price of diesel.

America spends money not merely like a drunken sailor, but like a crack-addicted sailor with a wheelbarrel piled high with one-hundred dollar bills, locked in a room full of Gov. Spitzer’s favorite hookers and a suitcase spilling over with blow.

Don’t dare explain the national debt to anyone

But try to explain the simple workings of finance, debt and economics to the uninformed, and you’ll be accused of being a doomsayer, a pessimist, or — the worst insult in today’s fear-based society — unpatriotic! How dare you point out the economic truths that will soon bring this country’s federal government to its knees! Such blatant truths shall not be tolerated… especially not in a country whose entire financial system is based on a cascade of fictional financial instruments propped up by nothing more than wishful thinking and Enron-style accounting fraud.

Let me translate all this for you in serious terms: The United States is already broke. The Federal Reserve is destroying the currency. The U.S. dollar will soon be virtually worthless. There is no saving the dollar, and there’s no saving the savings of any U.S. citizen foolish enough to be holding dollars when the music stops. The Federal Reserve has already decided to do anything in its power to save the rich bankers; even if it means destroying the value of all the dollars held by hard-working Americans. The day will come, folks, when your savings accounts will all be “recalibrated” and you’ll be given ten cents on the dollar while the Fed slinks away with 90% of your savings, using it to bail out overpaid bank owners.

And the federal government? Under a long string of presidential crooks — Democratic and Republican alike — it has decided to pursue a dangerous experiment called, “What happens if we never pay our debtors while running up more debt?” That experiment, not surprisingly, will end in the financial demise of this nation. (But there’s good news: A new, better system may emerge from the dust of the greenback… keep reading…)

You can’t defy the laws of gravity… nor economics

These aren’t careless predictions, by the way. These are simple observations the follow the fundamentals. Why are the nations of the world fleeing the U.S. Treasury debt auctions? Why are dollars increasingly worthless everywhere except in the United States itself? The answer is because the Fed is hyperinflating the currency to save the banks, even while the government is snorting yet more crack and spending unprecedented levels of increasingly-worthless dollars on drugs and war (or, as they call it, “medication and defense”).

Hence the bumper sticker: Annoy everyone. Explain the national debt. People don’t want to hear this. They’d rather imagine none of these problems exist; that debt doesn’t matter; that unlimited dollars can be created out of nothing with zero impact on peoples’ savings; that the U.S. government is wise enough to avert financial disaster. These are the hopes of the deluded. These are precisely the ramblings of Enron’s accountants before the crash, or dot-com stock pushers before that crash. They’re the slobbering blatherings of all the people who said housing prices will never fall, and therefore everyone will get rich off the never-ending housing price booms!

Being right does not make you popular

I’ve spend many years pointing out the idiocies of the deluded. I publicly predicted the dot-com crash and began warning people to get out of the market in 1998 – 2001. (This is a matter of public record, not some wishful hindsight.) I also publicly predicted the collapse of the housing market right here on this website, beginning nearly two years ago. And now, those predictions that once seemed “radical” are the Wall Street Journal’s front page news. What am I predicting now? Like I said, it’s not a prediction, it’s just an observation.

It’s like observing gravity. If you toss something into the air, you can be confident it’s going to come falling back to the ground. You don’t have to “predict” gravity; it’s a law of the universe. It works by itself, like clockwork, regardless of what you want it do to (I’m ignoring near-light speed travel, relativity, quantum physics, and all that fun stuff for the purposes of this metaphor, by the way, for those readers who are physicists). Likewise, when you see a nation throw its dollars into the air, spending its way to oblivion, ignoring its debt and ramping up its spending to even higher levels, it doesn’t take much of a prediction to know that it’s all going to fall back to the ground in a grand economic collapse.

So I’m not even calling the coming collapse of the U.S. government a “prediction.” It’s just common sense. It’s as obvious as gravity. If you don’t believe me, do the math. There is no mathematical solution to the current financial crisis facing not merely the banks and the currency, but the federal government itself. The only unknown factor is WHEN things will happen. Can the Fed help the economy limp along in a state of near-collapse for another year? Perhaps. Five years? Maybe. Ten years? I doubt it.

Now for the good news: The good news is that the U.S. federal government will eventually go bankrupt. Yes, that’s the good news! Because after the financial chaos passes (which will not be fun, believe me), we have a chance to create a new society, a new currency and a new, honest system of government that actually represents the People for a change. The current cabal of corruption and criminal behavior that sits in Washington and pretends to protect the interests of the voters is about to find itself on the receiving end of an angry mob. The 200+ year experiment called The United States of America is in its final chapter. But out of its failure, we can learn important lessons. We can learn things that will help us create a better future society. Lessons like:

• Never let a private company (the Federal Reserve) control the money supply.

• Never let “representative” legislators vote in your place. Insist on a DIRECT Democracy in the next society. (We don’t need Senators and Congresspeople, folks. The whole concept is long since outdated, and most Senators and Congresspeople are crooks.)

• Never let a government abandon the gold standard for its currency. If you do, that government will inevitably hyperinflate the currency and leave the people broke.

• Never let corporations run the government. If you do, your government will become a branch of the corporations, and the regulators (like the FDA, USDA, etc.) will become agents of corporate-sponsored terrorism that abandon all ethics and destroy the health and safety of the People.

• Never allow the centralization of power in one branch of government. For example, do not allow the creation of Executive Orders we’ve seen signed by the President.

• Never allow one man (the President) to commit acts of war. Didn’t we learn this after Vietnam?

• Never allow people from industry to take jobs in the government where they become biased, pro-corporate pushers of everything from pharmaceuticals to beef.

• Never allow politicians to censor scientists.

• Never allow the population to be dumbed-down through sub-standard public schools that only raise a generation of obedient workers, not skeptical thinkers.

• Never allow the media to control the population through advertiser-supported propaganda and violent programming.

• Never allow politicians to destroy citizens’ rights. When they attempt to do so, march on your capitol (in a non-violent way, of course). Arrest the politicians. Prosecute them for crimes against the People.

• Never allow corporate lobbyists to have access to lawmakers. If you do, you’ll end up with a corrupt government that only protects corporations, not the People.

• Never allow your government to operate in secret, with secret prisons, secret wiretapping laws and secret war “evidence” that is never made public. Secrecy breeds corruption. Honest societies do not need to conduct their judicial processes in secret.

• Never allow corporations to play God with the food supply by genetically modifying the crops.

• Never allow corporations to be granted intellectual property ownership over seeds, genes, animals and medicines. If you do, you will one day wake up impoverished, “homeless on the continent your fathers conquered,” to quote Jefferson.

• Never allow banks to operate on a fractional reserve system of loans and money creation that’s just begging for a series of cascading failures.

… I could go on, but you get the point. We have learned some very tough lessons over the last 200+ years, and once this present government collapses, it is crucial that we apply those lessons in creating a new system that abandons tyranny and embraces genuine freedom. We will have this opportunity soon. Many Americans will lose their life savings on the journey towards this new opportunity, but if we maintain our collective vision of a brighter future society, I believe we can create something much better out of the ashes of this failed experiment called the United States of America.

Please note: In no way do I support violence of any kind in creating a new society in the aftermath of this current one. I only support collaboration, openness, freedom and great respect for all living creatures as well as our sacred planet Earth. I believe the passing of this failed government is a blessing, not a curse, and I believe the collapse of the U.S. dollar will ultimately help awaken many to the tough but rewarding decisions that will face us all in the very near future. We must consciously decide to take back our freedoms, our rights and our futures from a system of corporate and government control that has destroyed our planet, exploited our people, and stolen our savings. But if can make the rights decisions based on creating a more promising future for our children, then the rewards will be unimaginable.

We the People hold the power to create a new society based on the freedoms and promises once held sacred in this land. Be ready to play your role, a constructive role, in the aftermath of this current society. And do not be surprised when gravity kicks in and this entire fictional government charade comes crashing down along with the fractional reserve banking system, the criminal Federal Reserve, the war-mongering politicians and the endless, endless debt. There is no way out now other than collapse and rebirth.

I can’t say when it will come, or exactly how it will play out. I only urge us all to remain positive, informed and constructive. The coming chaos will be painful in the short term, but out of the ashes of a failed society, we can work together to rebuilt a new one based on real freedom, honest money, sensible medicine and limited government.

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Excellent Piece on Food Imperialism

If you don’t think food production can be political, read this piece.

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The new rules of imperialism: Economic warfare, consumer products and disease exports

Tuesday, May 29, 2007 by: Mike Adams | Key concepts: America, consumer products and intellectual property

History tells us that imperialist nations quite predictably invade weaker nations on a regular basis… especially when those weaker nations happen to be standing on valuable natural resources like oil or uranium. Thanks to this desire for strategic control over territories, the twentieth century was the bloodiest in human history, with more people being lost to war, greed and conquest than during any single century in recorded history (including the centuries spanning Greek and Roman civilizations).

War remains as supported as ever today, and in fact, many nations actually thirst for war. Just look at the pro-war coverage on Fox News and the unending war games being played on computers and game consoles by young men who find entertainment in war. (In fact, the U.S. Army is actually recruiting young men now through a free, downloadable video game that teaches young boys how to pick up a rifle and kill people with it.)

Why some nations create war

The people of some nations actually create war (or support it) in their quest to express a sense of nationalistic heroism. Failing nations need heroes, and when those heroes are no longer found in the realms of science, art, politics or global achievement, they will be fabricated from the false victories of war.

The tearful American mom whose son dies in Iraq is, indeed, suffering a tremendous personal loss, but her loss is a necessary part of feeding the population’s desire to proclaim there are heroes among them. Through the sacrificing of young men who are killed in Iraq, the people of America can find common connection, righteousness, and purpose where none existed before. War gives meaning to empty lives, and it delivers a masochistic form of entertainment to those who are too young, too old or too wealthy to participate. This is precisely why, throughout human history, the leaders of failing nations have habitually turned to military imperialism as a method to distract the people from far more serious problems at home. When the sons of a nation are returning home in body bags, nobody pays much attention to failures in education or the economy.

This is not to say that there are not some instances in which going to war has genuine justification. When a nation is threatened by an invading force, for example, going to war to defend your own land against invading aggressors is not only necessary, it is also truly heroic. Defending your own land is courageous; invading your neighbor’s land is cowardly. (Some people claim, by the way, that the only way to protect America’s land is to invade other countries first. This concept, called “preemptive war” is based on mass distortions used to falsely justify actions of war.)

In America today, the thirst for war remains as strong as ever. But the real war being waged on the world right now by America is not merely found in the limited military action in the Middle East. That’s only the blunt instrument of this war. The real American invasion is happening through foods, medicines, personal care products, international banking and intellectual property law. Through the proliferation of fast food restaurants, pharmaceutical companies, chemically-contaminated consumer products and similar items invented in America, the world is being bombarded by systems of food, medicine and distorted intellectual property claims that are producing far more casualties than any bombs-and-bullets war.

How to control a nation

In World War II, the Germans attempted to steal natural resources from neighboring nations by forcefully occupying and controlling the targeted territories. Today, war is far more sophisticated: America steals national resources by patenting seeds, genes, medicines and ideas, then applying economic and political pressure against targeted nations to forcefully take a cut of their productivity through the application of intellectual property law. Only Thailand has offered any sort of resistance in an attempt to protect its people from the predatory, monopolistic drug pricing of Big Pharma, for example, but most countries just go right along and pay tribute to the western world through outrageous patent royalties on medicines that should belong to the people.

If that’s not enough to dominate the targeted nation’s economy, America sends in the World Bank. The World Bank makes predatory loans to desperate nations, knowing full well they cannot pay them back. It then uses the leverage of debt to invade those nations with western financial institutions. Those banks and lending institutions subsequently turn around and engage in predatory financial practices that soak the people of the target nation, skimming off productivity and exporting it back to the West where rich white men cash in billions without a single honest day’s work.

The World Trade Organization, for its part, makes sure that targeted nations comply with imperialistic western trade practices. The huge push of Big Tobacco into Asia, for example, is the result of support by “world trade” proponents who threatened to impose trade sanctions against Asian nations if they tried to ban cigarette advertising. Today, more than a third of Chinese men are addicted to cigarettes, generating billions in annual profits for Big Tobacco companies who are right now producing more Chinese casualties than any war in China’s long history.

Western medicine is also invading the continents around the world, bringing its expensive, heartless and corporate-controlled system of medicine to nations who were actually far healthier, happier and more financially solvent before America showed up with all its patented chemicals. Chinese medicine, for example, is routinely discredited in China by arrogant Chinese doctors who went to med school in America then returned home to betray their own fellow citizens. Drug companies see China’s one billion people as nothing more than revenue-generating patients, and convincing all those people to take more medicines will require a well-planned, well-funded economic and philosophical assault on Chinese medicine. Essentially, Big Pharma must find a way to disconnect the Chinese from their heritage, turning them all into depressed, diseased “white” consumers whose medical mythology worships the falsehoods of western reductionism.

Consequences of the great American invasion

All around the world, America is invading nations through its foods, medicines, consumer products, dangerous economic practices, synthetic chemicals and intellectual property. And everywhere that American products are adopted, widespread disease and death soon follows.

Small island nations in the South Pacific, for example, had never heard of diabetes, heart disease or depression just two generations ago. But then American-made processed food products invaded their islands, edging out traditional foods like raw coconut, fresh fish, seaweed and taro. Today, South Pacific populations are suffering from widespread diabetes, depression, heart disease, learning disabilities, asthma and much more — all thanks to the “invasion” of American foods, medicines and products.

America is the world’s largest exporter of disease. Through our popular soda products, cigarettes, fast food chains and manufactured foods, we have caused more death and disease around the world than any nation in human history (including Hitler, Stalin and Pol Pot). And it all remains perfectly legal. Our chemical companies even manufacture and export pesticide chemicals that have been banned in the United States. Poor agricultural nations openly use those deadly pesticides on their crops, then ship the produce back to the U.S. where consumers buy it at grocery stores. It’s all perfectly legal and, in fact, encouraged by U.S. political leaders.

Resistance is futile

It’s actually more than legal: It’s required! Any nation that says “no” to western products and intellectual property is immediately branded an enemy of world trade and is targeted for legal action by the WTO. Even creating pro-consumer safety standards such as banning aspartame, sodium nitrite or hydrogenated oils can be deemed a violation of international trade agreements. Product sales, you see, are the No. 1 priority, even when nations are being decimated by the products manufactured and exported by American companies.

Poor nations with undereducated populations suffer enormously under western economic imperialism. It’s easy to sell Pepsi, cigarettes and lotto tickets to people in a country like Panama, for example, where the education level remains low and people are easily tricked into thinking that western products will make them happier. Pepsi, in fact, is the dominant consumer product throughout most of Central and South America. You can hardly travel anywhere south of the U.S. / Mexico border without being inundated with Pepsi propaganda. The Pepsi logo is more prominent than images of the Virgin Mary or the Pope, even though many South and Central American populations are Catholic. (It’s quite clear what they actually worship!)

These international product invasions are important to the bottom line of U.S. corporations, of course, who are expanding their propaganda campaigns to non-U.S. countries following the wising up of American consumers. Only uneducated, ignorant consumers drink soft drink products in America these days. It’s the same crowd that buys lotto tickets, smokes cigarettes, watches TV infomercials and lives on frozen dinners. Smart consumers in America switched to healthier drinks long ago. That’s why soda sales continue to fall each year, and that’s why U.S. soda corporations have to increasingly crank up their marketing machines in countries that haven’t yet caught on to the toxicity of aspartame or the links between diabetes and high-fructose corn syrup.

The west is conquering the world

There’s no more need to drop tanks, soldiers and bombs on nations in order to conquer them. Countries can be controlled through economics, intellectual property law, banking and finance systems. Consumers can be controlled through advertising, publicity and corporate-fabricated fake news.

The corporations, as always, rake in the profits while the consumers pay the price all over the world. They eat their American hamburgers, drink their American sodas, take their American medicines and think they’re cool, sophisticated consumers even while their internal organs are beginning to fail from all the toxic chemicals. Soon, they will suffer from American diseases: Cancer, diabetes, depression, osteoporosis, heart disease, obesity and violent, psychotic behavior. In fact, we’re already seeing it: Countries like Thailand and Japan are witnessing unprecedented obesity for the first time in history, and diseases like diabetes and depression are only a few years away from becoming pandemic throughout Asia. This is almost entirely from their adoption of western diets and medical practices.

Those nations that continue to worship western culture are engaged in a dangerous game of paying homage to precisely the wrong group. Worshipping American foods, products and medicines will only destroy the health and happiness of any nation, and mimicking American financial markets will only spell economic suicide in the long run. There is nothing good that can come of debt spending, intentional disease proliferation (through ignoring disease prevention programs), widespread chemical contamination and corporate dominance over the people and the government. These are the things that will come to destroy the world’s nations, probably starting with America.

The last days of America as we know it

The era of American dominance in the world is nearly over. It will likely be replaced by an era of Chinese dominance, in which western medicine, western science, western debt spending and western culture will ultimately be rejected by most world nations.

It’s time for Americans to face up to the reality of the country they’re living in. Take the issue of health care as a rather important example. Did you know that you can get better health care in Cuba than America? Did you know that the life expectancy of a Cuban citizen is the same as an American citizen, and yet Americans spend hundreds of times more money per capita on disease care and sickness care than Cubans? American medicine is an utter failure, and it’s destroying the economic viability of the entire country. Businesses are going bankrupt or moving offshore because of health care costs, and even those that can afford to operate on U.S. soil are faced with the reality that it’s almost impossible to hire employees who can actually think these days thanks to the widespread use of brain-damaging prescription drugs. Success stories like Google are increasingly rare.

I remember living in Taiwan in the 1990’s, and I paid something like $4 / month for health insurance coverage. A visit to the doctor cost me $2 out of pocket. Every person in Taiwan who has a job gets automatic health insurance coverage, and the nation has prospered economically over the last four decades in a way that the U.S. simply cannot match. The Taiwan people are innovative, resourceful and hard working. Of course, they’re also hopelessly corrupt when it comes to politics, but that seems to be a universal law: Power corrupts, and absolute power corrupts absolutely.

America’s reputation is in shambles

If you travel the world these days and ask about America, you might be surprised at the negative answers you’ll hear. This is not obvious to people living in America because, of course, they only have access to the controlled, pro-America news sources that dominate mainstream thinking. But the world opinion of America has already suffered a severe setback under the leaderhip of President Bush, and in time, the world will reject American intellectual property, the American medicine scam and the harmful effects of American foods and beverages.

History will reveal America to be a nation that burned itself out on drugs, debt spending and junk foods, destroying the health its own people until its population could hardly even reproduce without medical intervention. Lacking any useful ideas, steeped in the defense of the status quo and abandoning the true needs of its own people, American political leaders have set our nation on a destructive course that may prove impossible to reverse. And they seem to want to destroy as many other nations as possible along the way — as long as it generates more profits for U.S. corporations in the short term. “Poison the world and reap the profits!”

The future belongs to smart nations

Any nation that wishes to protect itself from the same fate America is headed towards would be wise to reject American foods, medicines, beverages, consumer products, intellectual property laws and financial practices.

The nations that survive and prosper over the next hundred years will be:

• Those nations that save money and invest in their future (rather then spending it on war or underfunded entitlement program).

• Those nations that reject western foods and pass laws to protect their populations from dangerous chemicals in foods, beverages and consumer products.

• Those nations that reject American intellectual property guidelines and ban corporations or private individuals from “owning” patents on medicines, seeds and genes.

• Those nations that invest in education, energy efficiency and environmental cleanup in order to create a better future for their children.

• Those nations that invest now in energy independence, teaching their people to use less energy while switching to vehicles that can run on electricity (which can be produced domestically in any country).

• Those nations that reject elite-controlled banking and money systems and restore the power of the currency to the people, where open trade can happen with zero inflation, creating enormous abundance for the people.

No nation will likely fully embrace all these points, but those that manage to fulfill at least some of them will do far better than those who don’t. What’s certain is that those nations attempting to mimic the culture of America will suffer the same fate as America — a fate that will soon be obvious to even the most insistent deniers who claim that environmental pollution, endless debt spending and the mass contamination of food and medicines with deadly synthetic chemicals are somehow sustainable practices. The end result of all this is not in question by any serious thinker: Widespread bankruptcy, disease pandemics, environmental collapse and a bursting of the food production bubble.

Papua New Guinea may ultimatey emerge as one of the few successful, sustainable nations in the world. If you’re not sure why, I urge you to read Guns, Germs and Steel by Jared Diamond, and then study the history of human civilization from a geographic viewpoint. You will see that the only nations with any sort of future are those that protect and nurture the health of their people and their environment, taking a long-term perspective rather than short-term economic gain. America has no long-term vision other than controlling world oil resources. America has no investment whatsoever in the health of its people and virtually no effort to protect its environment. America is fixated on short-term thinking and stop-gap measures, ignoring the greater concerns of education, renewable energy, individual health and individual liberty. And finally, America is a bankrupt nation by any honest accounting method, and it is only by the grace of debt holders of Asia that America can continue to sell debt at all.

No wise nation will follow America into this quagmire (and why should they, when they have their own quagmires to explore?).

The good news in all this, by the way, is that you don’t have to follow the fate of your nation. By protecting your own health, saving your own wealth and investing in the future of yourself and your children (through education, fertile land, etc.), you can avoid the worst of what’s coming and actually thrive during difficult times. That’s why taking charge of your own life right now is more important than ever. Be independent from the mainstream. Learn how to protect your own health and reject medical propaganda. Understand the basic laws of economics and how debt is manufactured and sold. (A good book on that is called the Concise Guide to Economics and it’s available free at http://www.conciseguidetoeconomics.com ). Teach yourself the basic principles of sustainable living, green living and “hippie wisdom.” These are the things that will get you through the tough times ahead.

In terms of financial news, be sure to read the Daily Reckoning (www.DailyReckoning.com) if you want to hear the truth about world financial news. Also check out the book Empire of Debt, which earns my top recommendation for the best book available on the coming financial collapse of America.

I haven’t even mentioned peak oil yet, by the way. Ever wonder what happens when the oil runs out? Check out this page on Wikipedia: http://en.wikipedia.org/wiki/Peak_oil

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About the author: Mike Adams is a holistic nutritionist with a passion for teaching people how to improve their health He has authored more than 1,500 articles and dozens of reports, guides and interviews on natural health topics, reaching millions of readers with information that is saving lives and improving personal health around the world. Adams is a trusted, independent journalist who receives no money or promotional fees whatsoever to write about other companies’ products. In 2007, Adams launched EcoLEDs, a manufacturer of mercury-free, energy-efficient LED lighting products that save electricity and help prevent global warming. He’s also a noted technology pioneer and founded a software company in 1993 that developed the HTML email newsletter software currently powering the NaturalNews subscriptions. Adams volunteers his time to serve as the executive director of the Consumer Wellness Center, a 501(c)3 non-profit organization, and regularly pursues cycling, nature photography, Capoeira and Pilates.

http://www.naturalnews.com/021873.html

December 5, 2007

Which candidates know anything about monetary policy?

Filed under: money and balanced budgets, politics, Ron Paul — Tags: , , , — sesame seed @ 4:27 pm

Here, Ron Paul makes several important points worth remembering:

–It is possible to eliminate the national debt. Not only that,but we can’t keep ignoring it and passing it on to future generations who will have to become work-slaves to debt their whole lives and have no retirement.

–We don’t need higher taxes to eliminate the national debt. Where are our taxes going? For illegal wars; to pay off cartels like the Federal Reserve, who own our debt and lord it over us; to the private subcontractors who are running this country and doing the services regulated government once did.

–The Federal Reserve creates debt by artificially pouring money into the money supply–also known as inflation. Inflation is what makes your money worth less in terms of purchasing power. Purchasing power, like it or not, is what drives our economy. But inflation also discourages saving, an, contrary to what you don’t hear anymore, saving is an important part of our economy, as well as an important tool for individual security.

–” Real conservatives have always supported low taxes and low spending.”–Yes, who we have in government are not Republicans–not that these labels matter, “Republican” or “Democrat”–the ones in power are all neo-conservatives with a very precise agenda to dominate the country and erode your liberties.

–Corporate welfare: no candidate I know of is even making this a topic on the table, other than Ron Paul. It is rampant and needs to end. If corporations love capitalism so much, they can sink or swim without taxpayer handouts, period.

–Even if you are not a libertarian, if you are not aware of the need for sound money policy, you really can’t know how to govern, how to implement social policies, how to know the impact of laws, how to distribute wealth, etc. Like the old saying, “follow the money.”

————

Debt and Taxes

Working Americans like lower taxes. So do I. Lower taxes benefit all of us, creating jobs and allowing us to make more decisions for ourselves about our lives.

Whether a tax cut reduces a single mother’s payroll taxes by $40 a month or allows a business owner to save thousands in capital gains taxes and hire more employees, that tax cut is a good thing. Lower taxes allow more spending, saving, and investing which helps the economy — that means all of us.

Real conservatives have always supported low taxes and low spending.

But today, too many politicians and lobbyists are spending America into ruin. We are nine trillion dollars in debt as a nation. Our mounting government debt endangers the financial future of our children and grandchildren. If we don’t cut spending now, higher taxes and economic disaster will be in their future — and yours.

In addition, the Federal Reserve, our central bank, fosters runaway debt by increasing the money supply — making each dollar in your pocket worth less. The Fed is a private bank run by unelected officials who are not required to be open or accountable to “we the people.”

Worse, our economy and our very independence as a nation is increasingly in the hands of foreign governments such as China and Saudi Arabia, because their central banks also finance our runaway spending.

We cannot continue to allow private banks, wasteful agencies, lobbyists, corporations on welfare, and governments collecting foreign aid to dictate the size of our ballooning budget. We need a new method to prioritize our spending. It’s called the Constitution of the United States.

http://www.ronpaul2008.com/issues/debt-and-taxes/

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