Let me start off by saying that I am a very positive-minded person and I enjoy the hell out of a good party! However, I'm very concerned about my fellow citizens' grasp of reality when it comes to what is waiting for them when they finish this big four-day inauguration party that is costing an estimated $41 million in private contributions and an additional $115 million which the taxpayers will contribute to providing security and transportation for the events. I am FULLY aware that large amounts of money have historically been spent on the presidential inauguration fanfare but damn it, we're in VERY DEEP DEBT! Sure, I could get caught up in the euphoria that so many people around the world are feeling regarding Barack Obama's historic election as the 44th President of The United States of America but that doesn't "change" the devastation occurring in this country and around the world.
America, I don't know if you are aware of this or not, but our economy is based on debt. The money that you work so very hard for is NOT real. What our woefully inadequate educational system has neglected to ingrain into each and every person's mind is that the US and quite a few other countries are operating on a fiat currency system. For those of you not familiar with this term, it means that our money is not backed by physical reserves/assets (gold or silver) and is based on faith. When people lose faith in the currency, it becomes worthless. EVERY dollar printed up by the Federal Reserve Bank has debt attached to it making it NOT worth the amount printed on it. The Federal Reserve is NOT a federal institution but a banking cartel that controls the money supply in our country. Each time Congress passes legislation like the various economic stimulus packages, they are in effect asking the Federal Reserve to increase the money supply which devalues the dollar because we are in DEBT. The money the Federal Reserve prints has to be borrowed (usually from other countries) and paid back with interest. Currently, our country is in debt to the tune of $10.7 trillion, money that the US taxpayer has the responsibility of paying back. During the entire presidential campaign, which candidate spoke about a plan to pay off this debt? None. Why? Because there is NO WAY that even the interest on the national debt can be paid down when you're trying to pay it off with monopoly money. How much confidence do you think investors, domestic and foreign, will continue to have in the dollar when our country's main sources of revenue generation (banking, housing and manufacturing) are all asking for bailouts instead of keeping our economy afloat?
So many people keep telling me to give President-elect Obama a chance before I start criticizing his policies as if he is going to do something that is totally innovative and radical to help us get out of the mess we were all born into. For someone who touts "change," Obama certainly has not tapped anyone on his cabinet that represents change. Rahm Emanuel, Hillary Clinton, Eric Holder, Leon Panetta, Timothy Geithner, and the rest of the gang don't offer any new thought on the current crisis but rather have been part of the cause. Sure, they have political experience but we don't need to continue the status quo as they will undoubtedly not help the President-elect come up with any strategies that will make a dent in the enormous challenges the US faces.
I am not someone who just sits back and criticizes without offering solutions, no matter how painful or unfathomable they may be to some of the people reading this article. These solutions NEED citizen support because our government, business, and even the majority of citizens have trapped themselves in dead concepts that are contributing to the growing oppression and corruption making daily news headlines. I know that even in the best of circumstances, it will take a LONG time to get from where we are to a place of true common sense, freedom and justice but if we don't start doing thing differently to get there, we never will.
1. Call for a constitutional convention to amend Article I of the Constitution vesting ALL the people's legislative power to Congress. Congress has shown US citizens that it refuses to act in their best interests and instead takes contributions (bribes) from lobbyists representing big business and other special interest groups and passes laws that benefit corporate entities to the detriment of the people who elected them. Currently, Americans have NO recourse when it comes to exerting influence or removing members of Congress from office because the Constitution protects them by only allowing other members of Congress to impeach its membership. Where's the checks and balances in that? Congress has become an elite, untouchable club whose members have gotten rich while doing little more than offering empty promises to the American public. Of course, it will be hard to convene a constitutional convention because it requires petitions from the legislatures of 2/3 of states that will then be submitted to Congress for approval and the application remains effective for seven years. Given that Congress has demonstrated that they protect their exclusive club, what are the chances of amending the Constitution to limit their powers by making them subject to removal from office by a disapproving public if they control the process?
2. Dismantle the fiat money system and Keynesian economics practice/theory. I know it's EXTREMELY hard for people to wrap their minds around abandoning money as the accepted instrument of exchange for goods and services but if America EVER wants to know economic freedom and prosperity, we must let this flawed system die a very deserving death. The existing and proposed bailout will NEVER work because there is no strategy nor ability to pay back the money that is being borrowed. America is currently $10.7 TRILLION in debt not including the financial promises to the Medicare and Social Security programs for the soon-to-be-retired baby boomers which is another $40+ TRILLION. Now tack on Obama's economic stimulus package price of $850 BILLION - $1.2 TRILLION and now our country's grand total of debt is over $52 TRILLION. With the record number of job losses continuing to climb with no end in sight and those jobs not being replenished, exactly how will the CONSUMER economy be "stimulated" through more debt? I've read Obama's stimulus plan and just like the other plans, it does little to pay off our national debt. Yes, we need infrastructure repair and fair trade balance but how does that get America back on the road to solvency unless we're building a LOT of toll roads and our trade partners go along with new tariffs? Furthermore, when does government sit down with the business community and the workers to devise incentives to invest in American industry so we can start manufacturing all the goods we import from other countries to at least keep our worthless money at home? What is going to happen when countries like China, Russia, India, etc. call in our debt? Some of you think they won't do that because their economies would be ruined as well but when they are holding the lien, the advantage tends to be theirs and know that our government and business communities willingly sold them controlling interest of our country. Hurling military threats are futile when there is economic leverage to offset it.
3. Seeing as #2 is a LONG way off, can we at least gain control of how our taxpayer money is spent? This global financial crisis didn't happen overnight and at least in this country, we had the Comptroller/Head of the Government Accountability, David Walker, telling Congress and anyone else who would listen that our economy and spending habits are unsustainable. Nothing has changed about that except that Mr. Walker was laughed out of town when he warned of the eventual nightmare that would happen if we didn't change our ways. Yet, here we are foolishly going down the same path. Our country is spending nearly $117 BILLION in foreign aid when we're the ones needing aid. All this in an attempt to "maintain" our country's image as a superpower is failing miserably. The American empire can no longer afford to expand in its efforts to "spread democracy." Every empire eventually falls and despite the theory of "exceptionalism," America will fall as well. All the duplicitous alliances and subsequent betrayals our government has built, including those in the Islamic world, have left us vulnerable in ways we cannot begin to comprehend.
So, after the inaugural festivities have faded, what will you do, America? Continue feeling good about pretty words that are being uttered by your leaders but never backing them up with actions that lead to the real change we all so desperately want? Or will you snap out of the dreamworld that our societal structures have used to keep our minds asleep and conform to imperatives that only serve to perpetuate political and economic slavery? Obama's campaign raised an record amount of funds and continued to ask for donations on his website until December 2008. Elected officials around the country are constantly raising campaign funds and the funds that go unused go into their "war chests." How about giving that money back to the people or at least financing your own pork barrel spending? It is absolute foolishness to spend so much money campaigning for a job that only pays a fraction of what you have to raise. But then again, if you get to reap the rewards of being initiated into an exclusive club that gives you immunity to the law and access to millions via lobbyists bribes to betray your constituency, many folks would jump at the chance to be in a position of perceived power even if it means the ruin of a nation. Just look around the American political landscape if you doubt what I say.