“WE HAVE THAT POWER”
by OPOVV, ©2013
(Jul. 23, 2013) — Debits = Credits: a concept inaugurated by a nutty accountant, someone who obviously believed in the concept of “fiscal responsibility” and could never qualify as a politician, not in America.
The thing is, we’ve been comparing apples and oranges all these years. We’ve been saying that we wouldn’t run our homes or businesses into the ground, willingly traveling down the road to bankruptcy, opening the doors for accusations of “cooking the books” and malfeasance. The fact is, debt equals control, or complete lack of control, because if a person or business has overextended credit, he cannot decrease the debt by borrowing because the lending spigot will have been turned off.
The government, on the other hand, has no such restrictions. If they need more money, they’ll just order the magician to wave the Magic Wand and, Presto! Money! No more Gamblers’ Anonymous, no more Bankruptcy Court. No, that’s not right, because only Congress has the right to coin money. No, that’s not right, either, since Congress relinquished its control over money and gave it to a private bank called the Federal Reserve Bank. No, that’s not right, either, because Congress had no authority to give up its power of money to anyone, much less to a bunch of private bankers.
But that’s the way it is. Look, you thieves out there, you people who rob gas stations and little old ladies of their Social Security checks, why be small-time and risk jail time? Go to school, earn a degree and work for the Fed; that way you can still get your kicks by stealing, but this time with impunity.
There’s been a lot of misunderstanding out there about the National Debt. I’ll explain it to you in terms even a politician from Washington can understand. Rather than the government living within its budget (taxes collected = money spent), they use the formula of “taxes collected + money borrowed = money spent.” Here’s the part that drives everyone haywire: the money spent = money spent + paying back the loan (the money borrowed) PLUS interest, and therein lies the downfall of the government, because the loan IS NEVER PAID BACK, NEVER.
Listen, it’s how the whole system is set up: the borrowed money was never designed to be paid off, the private bankers were forever to receive payments by you, and then your children and so forth until eternity. Albert Einstein said that the most powerful force is that of compound interest.
And so the myth of a “Balanced Budget” continues to be perpetuated because it’s a Fairy Tale, a Bedtime Story, a Fable, Folklore that we believe is possible but, in reality, is nothing but a pipe dream, nothing more than a perpetual National Debt, nothing more than a National Fleece.
We have the power to right wrongs. We have the power to kick the ursurper (Barry Soetoro, aka Obama) out of the White House and into a cell down in Gitmo; we have the power to deport each and every illegal immigrant, and we have the power to not renew the charter with the Federal Reserve Bank and take back the control of our money. We have that power.
OPOVV