Aftershock III

We in the Tea Party continue to press for large cuts in government debt and large cuts in federal spending. We opposed raising the debt ceiling. It’s not just political opposition. We noticed that the Federal Reserve has increased the money supply almost 300% and lent $16 trillion to U.S. and foreign banks. The Fed bought toxic assets and now owns 30% of U.S. Treasury Bonds. We know that inflation will follow. We know when this happens, local government at all levels will not be able to pay their debt service payments.

We believe “climate change” is a hoax, but government continues their spending frenzy on their “green” scam, wasting money we will have to repay one way or another. We want to freeze federal government spending to not exceed 2008 levels for the next decade, now. We believe Obama has illegally added $1 trillion a year to federal spending.

We believe there are three more bubbles about to break, government debt, the dollar devaluation and consumer debt. These will be followed by another round of asset crashes in dollar denominated assets. These bubbles were created by current government policy, money printing and spending. This meltdown will affect everything, asset values will crash and high levels of inflation will kick in within the next two years. Current government spending will result in raising our debt from $14.5 trillion to $16 trillion by 2013.

As inflation begins, the government will have the Fed buy all U.S. Treasury Bonds to hold their debt service payments to below market interest rates. The real inflation the Fed has created will hit state and local governments and U.S. consumers. As inflation moves from 5% to 10% in 2013, our home and consumer debt interest rates will rise above 10%. Long term bonds will suffer heavy losses as inflation kicks in. The current 10 year U.S. government OMB budget has planned increases to $5.7 trillion by 2021. They do not currently plan to cut spending. They will implement their plans to create a domestic national police force and begin to seize our cash and property assets. This will be our Bolshevik moment. We will become a one party communist dictatorship with 50% unemployment.

The reckless actions currently being taken by our federal government will again result in a global economic meltdown. Our current depression will become a global depression and will last for decades. The 300% increase in the money supply may well be a 600% increase in the money supply if we don’t freeze government spending now. We can repay the 300% increase in the money supply with 30% inflation for 10 years, or any combination that eats up 300%.

Raising the debt ceiling now on our federal debt will only result in ensuring our insolvency. It will make our inflation $2.4 trillion worse. Printing money to keep the economy propped up will result in inflation of 15% to 30% by 2014. As the value of the U.S. dollar continues to decline, government debt continues to climb. Gold will increase 300%. The result will leave the private economy too weak to recover.
All dollar denominated assets including land, houses, stocks and bonds will lose most of their value. Land and houses could lose another 50%, stocks and bonds could use 90%. Unemployment could hit 50%. Credit card rates will rise with inflation.

Tea Partiers would cut federal government spending by closing useless, harmful, wasteful and unconstitutional federal departments and sending these functions back to the states, now.

We are furious at Obama and the Democrats who used the global warming scam to squander trillions of dollars on the carbon capture myth. We also don’t like anything being done by federal government departments and agencies. Read their own mission statements on their websites; you will see how delusional they are. If we closed them and gave these functions to the states, we wouldn’t miss any of them.

Most federal departments are now tasked with crashing our economy with wasteful spending, overreach, tyrannical control and lawlessness. It’s a gangster government on steroids. We believe Obama wants to collapse the United States economy and replace the U.S. government with a tyrannical global government run by the same elite international environmental nut-jobs at the U.N. who wrote U.N. Agenda 21. The communist party USA just endorsed Obama for reelection, surprise, surprise.

If we cut all unconstitutional federal government spending, we would close 8 departments including Agriculture, Labor, Transportation, Education, State, Energy, Interior and Commerce and give these functions to the states. These agencies have done the most damage in recent years, spending trillions on undermining our sovereignty and financial stability. We would close most agencies and programs and give these functions to the states.

We would give all national parks and federal lands to the states. We would close the U.N., the IMF and eventually, the Federal Reserve. We would cut the remaining departments and agencies to remove all grants, foreign aid, nation building and all unnecessary military bases. We would save $1.4 trillion per year in federal government cuts and balance the budget. Some cuts could come immediately and others would take years to transfer.

We would repeal Obama-care, Dodd-Frank, Sarbanes Oxley, the NLRA and all bad or unnecessary laws passed since 1913. We would make sure harmful laws buried in the Obama-care, TARP, Stimulus, Patriot Act and Omnibus Spending legislation are repealed. We would restore our property rights and freedom from government seizure.

We would not cut social security payments to current recipients. We would try to get the government out of the retirement, healthcare, lending, banking, manufacturing and insurance businesses as quickly as possible. We would raise the Social Security and Medicare eligibility age to 67 for citizens under age 50. We would terminate all pension plans and convert them to defined contribution plans like 401ks. We would encourage states to sell all land over time and get ready to end current transit projects and allow for school vouchers based on reduced budgets. We would end all subsidies and giveaways and simplify the tax code.

We encourage you to continue to email your representatives as I did below:
To: Barack Obama , Saxby Chambliss, Johnny Isakson, Tom Price
As a proud member of TheTeaParty.net I would like to tell you the following:

Wasteful government spending continues to threaten our economy. There is no reason to squander billions to reduce carbon emissions. We believe our atmosphere releases these "greenhouse" gases. This hoax was perpetrated to elevate the U.N. and its dangerous Agenda 21. We believe your money printing will result in double digit inflation that will crash our economy. We believe you've passed dangerous laws embedded in TARP, Healthcare, Stimulus and Omnibus laws that give you tyrannical powers to rob us of our property. We distrust everything you do. Read the mission statements of your own departments and agencies. They are full of climate change and trivia. You are an embarrassment.

Norb Leahy, Dunwoody GA Tea Party