Thursday, December 04, 2008
What can Americans do about government insanity?
By Bliss Tew, JBS Field Director
And now there's talk of the Federal Government loaning out another $7.4 Trillion beyond the $700 bailout, beyond our present $11-Trillion of federal debt! Where will our Federal Government get that $7.4 Trillon on top of all the trillions mentioned in the e-mail below in bailouts?
And now there's talk of the Federal Government loaning out another $7.4 Trillion beyond the $700 bailout, beyond our present $11-Trillion of federal debt! Where will our Federal Government get that $7.4 Trillon on top of all the trillions mentioned in the e-mail below in bailouts?
There's only four choices for the government to obtain the money since the Federal Government doesn't have it sitting in a savings account somewhere:
1) have the U.S. Treasury create the money (print it) as U.S. Treasury Notes (without any debt to bankers attached;
2) have the Federal Reserve Banking cartel create the money out of thin air (print it or electronically create it) and lend it to the federal government at interest so the Federal government can loan it out; or
3) borrow the money from foreign lenders like Communist China, Saudi Arabia, etc. This would put us even more heavilly in debt to these potential enemies who have never loved America or our people. What collarteral would these foreign power demand as security for such enormous loans? Maybe our national parks? How about our American oil and coal reserves that we haven't allowed our small oil and coal producers to develop as Congress has heaped prohibitions and costly regulations preventing such development?
4) Sell off federal government assets such as all public lands.
What can Americans do to stop this insanity?
1) Citizens should be learning about how this terrible borrowing and unconstitutional spending by Congress and President George W. Bush is creating a hyperinflation and destroying our national independence and freedom as we become enslaved to new foreign lenders and banking cartels. American's ought to view the 40-minute DVD "Dollars and Sense" by John F. McManus to get educated on the principles surrounding hard money, sound money vs fiat money. I'm trying to raise $2,000 for a mailing to six hundred local businessmen of this DVD and then an invitation to attend John F. McManus speeches in Salt Lake City and Provo that I'm setting up this spring. Citizens have to join together to pull off this kind of information distribution. The DVD is available for $1.00 from www.shopjbs.org .
2) Citizens should be contacting their Congressmen to tell them they will be voted out if they support the $7.4 Trillion worth of loans from the federal government and the borrowing and inflation that such insanity would necessitate. They should phone Congress, phone the White House, and send e-mails telling these leaders that there is no constitutional justification for such lending or bailouts coming from government coffers to private entities. Reach Congress at: http://capwiz.com/jbs/home
3) Citizens should seek to abolish the Federal Reserve System banking cartel by supporting H.R. 2755. Alan Greenspan virtually created the expansion (boom) and the Fed created the contraction (bust) that we're now experiencing. No private banking cartel should have ever been granted the monopoly powers that the Federal Reserves System was granted by Congress in 1913 and since. Don't let the Congress grant the bankers even more powers!
4) Citizens should seek to establish sound money by demanding their Congressman supports:
H.R. 2756 Honest Money Act httP://thomas.loc.gov/cgi-bin/thomas
H.R. 4683 Free Competiton in Currency act http://thomas.loc.gov/cgi-bin/thomas
H.R. 5427 Tax-Free Gold Act of 2008 http://thomas.loc.gov/cgi-bin/thomas
Can we convince our friends to take these 4 actions to save their own financial lives and the future of their children and America? Not if we don't pass along this information and ask them to.
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