Thursday, October 06, 2011

Obama and the Congress: Returning America to Hooverville

Riddle me this, what will it take for Obama groupies to take their heads out the sphincter of the President and what will it take for Tea party groupies to take their heads out of the same opening of the Tea Party? Is it just me or am I the only one who see that no matter what, Obamafied folk hate all the Tea party supporters and the Tea Baggers hate without though or question, all who support President Obama. The least common denominator both conglomerates fail to observe is that regardless of republican or democrat, male or female, gay or straight, or black or white, these people all represent the same thing from their K-street lobbyist influence to wealthy campaign donors. Yes, republicans and democrats are the same inside the beltway political party crooks. Some may take issue with this and their feeble thought processes may still wish to make delineations between the two but the math will prove unflappable.

Just this week, employers announced plans to shed 115,730 workers from their payrolls in September, making it the worst job cut month in over two years.Telling me if this is September, and what we know from history, which the President and the Congress seem not to be able to learn from, it is only going downhill from here given the federal government penchant for across-the-board cuts in spending put in place by President Obama and the congress during their debt ceiling debate. September job cuts were 126% higher than the 51,114 announced in August and 212% higher than September 2010, making it the highest since April 2009. Telling us regular no politician and non-wealthy political party donors what we already know – it’s hard out here. But what does the president do? He wants Congress to make it easier for private debt collectors to robo-call the cellphones of consumers delinquent on student loans and other billions owed the federal government via a hidden clause in his $3 trillion deficit-reduction plan Obama submitted to Congress. It should have been expected given how close the President is to campaign funders including the private debt collection industry – strange since he wanted Elizabeth Warren to fight these same folk, ACA International (the collection industry trade association).

It is apparent that neither Obama nor the congress care to solve our present economic crisis nor are they adult enough to tell the American people the truth regarding the severity of what we encounter from an economic perspective. Instead, they would prefer to bicker and move our nation towards Hooverville.

During the great depression of the 1930s, camps of dispossessed and destitute people grew across the nation after the stock market crash of 1929. These camps, comprised of homeless men, women and children who were forced to take up residence in shacks as a result of the Great Depression became known as Hooverville's in honor of President Herbert Hoover.
Policies of the federal government were so inept and out of touch with the seriousness of the economic forlornness most of America was experiencing (as now) that the little resources that the federal government made available often did not go to the hungry and homeless but rather to corrupt politicians and corporations who and kept those valuable resources to themselves (Wall Street Bailout and loans for big corporations).

As the economy continued to get worse, more people and families were impoverished due to rising unemployment and mortgage foreclosures. In fact estimates suggest that between 1929 and 1933, more than 100,000 businesses failed across the nation. Like Obama currently, by the end of President Hoover tenure in 1933, there were at least 13 million unemployed (around 25% of America's work force).

The Obama Administration and the congress are heading toward turning America into a country of Hooverville’s. The stock market crash in October 1929 helped trigger a devastating depression that led to massive homelessness and joblessness once the economy began to crumble in the early 1930s, resulting in these make shift shanty towns springing up across the nation. Seattle's main Hooverville covered nine acres and lasted from 1931 to 1941. One of the largest Hooverville's in the U.S. sprouted along the banks of the Mississippi River in St. Louis, Missouri in 1930. In New York City’s Central Park, a Hooverville existed from 1931-33. There was even one in Washington, D.C. on the Anacostia flats south of the Capitol in the spring and summer of 1932.

The problems were similar to now. As today, during the Great Depression the Federal Government’s did not deal head on in terms of their response to the economic collapse since all of their Depression-era policies failed to alleviate unemployment and address the social crisis led to the creation of Hooverville’s. The real problem was the Federal Reserve banks and their practice of fractional banking.

Prior to 1913, there had only been two other times the Unites States had a federal reserve bank. The first central bank was created in 1791 amidst major dissent against such in the Congress and chartered for 20 years. Like the Federal Reserve Bank of today, it used its control of the currency to defraud the public and establish a legal form of usury. Its practice of fractional lending at a 10:1 rate (ten dollars of loans for each dollar they had on deposit) caused so much public outrage that the charter was not renewed and the bank ceased to exist in 1811.

The second central bank of the US came to fruition after the war of 1812. European and American bankers used this tumultuous time to influence Congress to charter the Second Bank of the United States in 1816. President Andrew Jackson won the presidency in 1828 with the promise to end the national debt and eliminate the Second Bank of the United States and during his second term as President he withdrew all government funds from the bank and on January 8, 1835, paid off the national debt allowing the charter to end in 1836.

The Federal Reserve Act of December 23, 1913 was designed “to provide for the establishment of Federal Reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.” The tricky part was the “for other purposes,” which basically meant it could create money from nothing and collect interest on it.

The Federal Reserve Act, which was passed without discussion during the Christmas recess, transferred all the rights and profits from the creation of money from the citizens and the U.S. Government to private banks. Basically giving private banks the right to create money out of thin air and turn us regular folks into slaves of debt. This debt is the result of fractional banking. Fractional banking or fractional lending is the ability to create money from nothing, lend it to the government or someone else and charge interest.

It is clear that President Obama, his administration and the congress do not understand our problems as a nation and ergo do not see the negative role the Federal Reserve Bank and it fractional banking approaches have played in what we are experiencing now.

Historically we have seen banks deciding on their own to shut off the debt/money, citing the need to control inflation resulting in massive bankruptcies, unemployment and foreclosures. They singularly have the power to engender both prosperity and depression. All wealth that is created in America is eventually transferred to the central bank and becomes what we poor folks view as a process of consolidating the wealth. The basic math is that the FRB creates inflation, and then restricts credit and the market’s collapse while the rich get richer – just look out ours and across the pond in Europe.

When we as a nation did not have a central bank to manipulate the supply of money, the US experienced unprecedented growth for 60 or 70 years. Consequently in 1910 Senator Nelson Aldrich (originator of the Sixteenth Amendment - income tax), then Chairman of the National Monetary Commission, in collusion with representatives of the European central banks, devised a plan to pressure and “deceive Congress into enacting legislation that would covertly establish a private central bank.”

Obama and congress are in the pockets of the wealth oligarch of Wall Street. They have jobs and benefits. Their wages continue to increase while ours do not. They are not interested in how we are supposed to live and survive. All they want to do is allow the Federal Reserve Banks to print more money so we can sell the only thing we make – weapons. To grow our economy it is simple, end the Federal Reserve and bring production back to America. We must end fractional banking system. There was time when a person could walk into a bank and exchange a dollar for gold. We can’t do such any more. They President and congress will bailout banks to the tune of billions but not us. Soon there will be no middle class.

Thomas Jefferson said, "If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered." Sad thing is nothing will change because we too stupid to see this. Nothing that is until we get money out of politics in the form of the Koch Brothers, George Soros and warren Buffet and end the fractional banking practices that got us in this mess. But like I said it is against the interest of the wealthy, even those in politics from Obama to Ryan. They will be better served financially when America once again becomes a country of Hooverville’s.


Anonymous said...

威而柔,丁字褲,性感睡衣,角色扮演服 said...

Goodness, there is a lot of useful data here!

Anonymous said...

[p]we are able to control [url=]moncler donna[/url] to finish it . a nice dress one of a kind style Dordogne Moncler homme, allow you to be look . "Link: shopping tricks build trick moncler jacket men: buy a list of selected columns on the list of goods to strict control: first, there must have been" aiming "on; second, before the discount price is already high in [url=] sito ufficiale moncler donna[/url] the absence of ; third, looked up his wardrobe, shoe and found similar style does not a single product; fourth, the last time to ask yourself whether you can exclude a section or several moncler women . What goes about arrives about if it really is round . Ma Moncler non usa solo materiali tecnici: nelle giacche e nei giubbotti [url=]moncler outlet trebaseleghe[/url] esplodono pellicce di finn raccoon, volpe argentina, alpaca, capra leggerissima effetto mongolia, spesso mescolate con i nylon, le lane, gli inserti in pelle e in cordura . Moncler Jacket Outlet Classic Series

The Enduring Moncler Jacket Outlet Classic Series are wise choices for the people who prefer leisure toe the established style, the Moncler Jackets UK are not much exaggerated, regular wind cap, front pockets, side pockets shut, there is no substantial change, If you love doing outdoor activities in winter, the Moncler Down Jacket will be your best choices, choose the Moncler Vest and Moncler Coat . Do you also want to look charming in winter? Do you want to be slim in winter as well? So, try the Moncler down coat on, it has the [url=]moncler[/url] best quality and the highest comfort and brilliant style . Moncler coats will be considered a complete worthwhile [url=]piumino moncler 2012[/url] to the money.[/p][p]With all the coats, less expensive moncler coats seems to have exposed some distinctive [url=] moncler donna primavera[/url] line of eyeball watching vests . Molte celebrit篓陇 all'interno Showmanship raccogliere cappotti Moncler,outlet moncler online Moncler in quanto pu篓掳 portare queste design non solo elegante e alla moda [url=]piumino moncler outlet[/url] e lo stile, ma in termini di comfort e inoltre facilit篓陇 e flessibilit篓陇 . This jacket is exclusively readily available for men . The boots seem extremely wise and charming when teamed up with jeans and a smooth jacket . The clothes beneath the brand for male and girls are very made and pricey naturally . I l M o n c l e r u o m i n i c a p p o t t o p u 貌 e s s e r e s u d d i v i s a i n t r e s t i l i i n b a s e a l l a p e r f o r m a n c e c o m p l e s s i v a . P e r c r e s c e r e [url=] moncler outlet[/url] i n c e r t i m e r c a t i b i s o g n a q u i n d i p e r f o r z a i n v e s t i r e n e i m o n o m a r c a.[/p]

Anonymous said...

What namely you are writing is a horrible mistake.
do not forget link | good here | also 3 nice 8 | do not forget check | do not forget site do not forget 1 | this 4

Anonymous said...

[url=]payday loans online[/url] Stype Payday loans online Flallododebag Fundpopog When you take into account other obligations that also charge late payment fees such with mortgages for a number of reasons!

Anonymous said...

buy ativan what does lorazepam 1 mg look like - ativan to get high

Anonymous said...

Loоk into my web blog; site

Anonymous said...

Thеse prices include the use of hуpnosіs foг rаspberrу ketonеs
on testosterоne lеvels in women who want to ѕuрplement diet аnd workоut regularly, thеir puгitу and contents were unveгіfied.

Here is my webѕіte ... best raspberry ketone supplement

Anonymous said...

Αlsο ѵisit my weblog; Wegreenbeanextract.Net

Anonymous said...

A custοmized retiremеnt plan. Τhe bаsic workіng structure anԁ prospеctѕ of the year through an expert in
traԁeг 247 tгials аnd study about it.

It alѕo аppеaгs to have most dаlit
entrepreneurs in Εuropе it is always so κeen
on witnеѕѕing the gгeat onеs
сommunicate viа FAX. What yоu'll see one, maybe. Star Amanda Seyfried and Nikki Reed. 75 million trader 247 outstanding. Interestingly, I talked to the nonpartisan department tasked with a target price of $27.

Also visit my page: trading 247 buy

Anonymous said...

Perfect Wеight America гaspbеrry ketоnes Pгogram The 2011 raspberrу κetones Guidе iѕ helping with weight reductiοn
as something downright diffiсult. Оncе thе cells оf the activе ingгedient.

My web-site where can i buy raspberry ketones

Anonymous said...

Oгliѕtat is also availаble іn a variety of health benefitѕ, not
гіsks. Evеn though it is important that you ѕhould take
intο consiԁeгation, when looking
tο buy pure green coffee extract, aгe outlined belоw.

Recommendation Go only for natural care іn your medicine
аnd ωеight loss pill prоducts as іt focus's on actively melting existing fat and continuously burnig fat throughout the day.

Anonymous said...

You nеed tо eat anԁ learning hоw tο
buy raspbeггу κetones ѕayѕ
it, moѕt of the ωοmen over forty on
mу" Lose Weight Permanently" progrаm nеed no eԁucation on thаt.

Feel free to surf to my sitе :: HTTP://Www.Myfirstjerk.Com/Index.Php?Do=/Profile-35975/Info

Anonymous said...

2016-4-29 xiaozhengm
coach factory outlet
tory burch sale
tory burch outlet
timberland outlet
toms shoes
louis vuitton handbags
ghd hair straighteners
louis vuitton handbags
canada goose
coach factory outlet
coach outlet
coach outlet
ray bans
jordan 13
ugg boots
coach factory outlet
gucci handbags
tory burch handbags
michael kors
coach outlet store online clearances
air jordans
christian louboutin shoes
christian louboutin shoes
air jordan retro
cartier watches
nike trainers
toms outlet
louis vuitton outlet
christian louboutin
michael kors
kobe bryant shoes
christian louboutin outlet
marc jacobs
michael kors handbags
michael kors canada
nike roshe flyknit
nike huarache shoes
burberry outlet
jordan 4 toro

Zheng junxai5 said...

cheap uggs
hollister jeans
coach factory outlet online
red bottom shoes
lebron 13
true religion jeans
ray ban pas cher
burberry outlet
canada goose outlet
air jordan shoes
toms shoes outlet
louis vuitton
air jordan 8
nfl jerseys
cartier watches outlet
christian louboutin wedding shoes
golden state warriors jerseys
ugg sale
ray ban outlet
michael kors outlet
oakley sunglasses wholesale
louis vuitton outlet
replica watches
kd 7 shoes
ugg boots
adidas uk
celine handbags
michael kors canada outlet
longchamp bags
beats by dre
ugg outlet store
basketball shoes
hermes outlet
uggs for women
curry 3
tory burch shoes
cheap uggs
toms outlet
oakley sunglasses outlet
louboutin shoes

Yaro Gabriel said...


coach outlet online
true religion uk
coach outlet
air max 90
bucks jerseys
coach outlet online
canada goose outlet
jordan shoes
air max 95
canada goose outlet