The US Federal Reserve sets interest rates, prints money to cause inflation and increases the National Debt. They joined the European Socialists to set Interest Rates at Zero and found out that was a mistake. Europe also tried to convert to Wind and Solar in 2000 and found out it was a mistake. Europe tried to accept unskilled labor from 3rd World Muslim countries in 2015 and that was another mistake. Europe imposed 20% national sales taxes to fund their mass transit and that is crushing European taxpayers. Biden would like to impose a national sales tax, but would not be able to get the House to propose it. Biden has opened the US border to 10 million unemployable unskilled laborers from 3rd World countries who don’t speak English.
The Federal Reserve should set their discount rate to 1% and reduce money printing to give Banks the incentive to avoid making risky loans. The US economy is in deep trouble.
Social Security, Medicare and Medicaid make up nearly half of the entire federal budget, with a total annual price tag of $2.7 trillion.
Medicare
spending grew 5.9% to $944.3 billion in 2022, or 21 percent of total NHE. Medicaid
spending grew 9.6% to $805.7 billion in 2022, or 18 percent of total NHE.
Private health insurance spending grew 5.9% to $1,289.8 billion in 2022, or 29
percent of total NHE.Dec 13, 2023
The US Federal Reserve is full
of Fabian Socialists trained to maintain a “managed economy”.
Free market capitalist
economies allow free markets to determine interest rates based on supply and
demand and are self-correcting. Fabian Socialism promotes a
government-controlled economy, but this is not sustainable.
We saw the Russian Communist government fail in the 1980s, because they didn’t have an independent private sector and had expanded beyond its ability to fund its Eastern European satellite countries.
The biggest doomsday mechanism of all is the Federal Reserve System. Every red cent of our money supply came into being for the purpose of being loaned to someone. Those dollars will disappear when the loans are being paid back, as has happened in the United States during the last four years. If we tried to pay off the national debt, our money supply would be undermined. Under the Federal Reserve System, therefore, Congress would be fearful to eliminate the National debt even if it wanted to. We are trapped.
Political environmentalism has caused millions of acres of timber and agricultural land to be taken out of production. Heavy industry has been chased from our shores by our own US Government. High taxes, rules beyond reason and safety devices in the work place, so-called fair employment practices, and mandatory health insurance are rapidly destroying what is left of the ever-shrinking private sector. The result is unemployment and dislocation of millions of American workers. Government moves in to fill the void that it created, and bureaucracy grows by the hour.
Federal taxes now take more than 40.0% of our private incomes. State income tax, county tax, municipal real estate tax, excise tax, sales tax, gas tax, and local taxes are on top of that. Inflation steals what is left; there is no longer any discretionary income left. Between taxes and interest expense the American middle class is between a rock and a hard place; a virtual vice of confiscatory extraction. In a sense, we spend one half of each year working for the US Government by virtue of the taxes we pay, and we receive absolutely nothing for it except never ending wars (Iran is now in our gun sights), high taxes, and having our freedoms, liberties and Constitution trampled in the dirt.
On the other hand real wages in America have declined. Young couples with a single income have a lower standard of living than their parents did. The average net worth of the average household in America is falling. The amount of leisure time is shrinking. The percentage of Americans who own their own homes is dropping. Bye, bye to the American dream. The age at which a family acquires a first home is rising. The number of American families counted among the middle class is falling like a lead balloon. The number of people living below the officially defined poverty level is rising. More and more Americans are broke at age 65.
None of this is accidental, and all of this was planned. It is the fulfillment of a plan by members of the Council on Foreign Relations (CFR) – see attached organizational chart, which comprise the “shadow” or “hidden government” of the United States. Their goal is the deliberate weakening of the industrialized nations as a prerequisite to bringing them into a world government (the “New World Order”) built upon the principles of Fabian Socialism, with the CFR in control.
The Great Recession of 2008 has exacted a terrible cost on the American people and our Country, one measured by Americans’ feelings of confidence and hope. This is the “New Normal.” Vast amounts of wealth were lost, including homes and retirement accounts. Unemployment, and underemployment remain high, and the recession lingers on. Many Americans have simply given up, dropping out of the workforce completely.
The decline of American
prosperity has been planned and implemented by the Fabian Socialists; the
increase in the size of the U.S. Government; the decrease in personal freedom,
the trampling of our personal freedoms & liberties, the slow destruction of
our Constitution and Bill of Rights, the growth of taxes, evidence that this is
according to plan and orchestrated by an elite ruling group which their sole
goal is to merge the United States into a World Government (the “New World
Order”) on the basis of “equality” with the less developed nations; the
environmentalists and green movements shown to be an outgrowth of the plan.
https://foxboro-consulting.com/wp-content/uploads/2016/02/Parasite-07-17-2012.pdf
The Austrian School of
Economics began in 1883. It was a Free Market Capitalist School and resisted
the Fabian Society socialism that was being proposed. The Austrian School theorizes that the subjective choices of
individuals cause all economic phenomena.
https://en.wikipedia.org/wiki/Austrian_school_of_economics
The Fabian Society was forms
in Britian in 1884. It was a Left Wing organization formed by Marxist London
Academics and Novelists. This group founded the Labor Party and the London
School of Economics.
https://fabians.org.uk/about-us/our-history/
Keynesian
economics is a macroeconomic theory of total
spending in the economy and its effects on output, employment, and inflation. It was developed by British economist John Maynard Keynes during the 1930s in an attempt to
understand the Great Depression. Keynesian economists believe free markets are
inherently inefficient and volatile. Austrian economists believe government
intervention in free markets makes negative business cycles more severe, while
Keynesian economists believe governments can implement policies to stabilize the
economy and mitigate recessions.
https://www.google.com/search?q=keynesian+economics&oq=kensian&gs_lcrp=EgZjaHJvbWU
Comments
The US economy was designed by the Founders to support a Free-Market Capitalist Economy, but in 1913, it converted to a Fabian Socialist, Keynesian Government Controlled Economy. The Fed should let the market set the discount rate and recruit economists who studied the Austrian School of Economics based on individual freedom: Austrian economists believe that individual freedom is essential for economic progress and prosperity. They argue that economic decisions should be made by individuals rather than by the government or any other central authority.
US unemployment should be reduced by reducing all immigration to a minimum and re-shoring all manufacturing, mining and oil and gas extraction and making education occupational.
Banks should receive liquidity as needed, but if they lose too much money they should not be bailed out. Banking is not a government function. The Fed may charge the Banks an interest rate for liquidity, but should not set a 2% minimum inflation rate to protect the rich. They should set a 1% Fed Funds Discount Rate to protect the poor. The US dollar should remain a primary global currency. Cheap money caused the stock market to rise beyond its actual value as more US citizens became day-traders using borrowed money. Now we are seeing the stock market struggling with anticipated lower profit reports and relying on Artificial Intelligence as EV sales remain flat.
We are seeing the stock market rise because inflation has permanently reduced the value of the dollar. We should expect to see stock prices begin to struggle when profits recede. The Fed lends money to the Banks at 5.5% and the Banks add 3% and lend it to consumers at 8.5%. Consumer Interest rates will recede as the Fed lowers the 5.5% discount rate.
Norb Leahy, Dunwoody GA Tea
Party Leader
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