Bribing the American People

I am absolutely furious over the ‘stimulus’ package that’s being spearheaded through the US House of Representatives. Essentially, what congress is proposing is nothing more than a bribe to the American people. “Here’s $600, keep believing in the system.” People who didn’t even pay income tax are getting cash. This is nothing less than government acting like Robin Hood bribing the American people for votes and eroding the world’s confidence in the US Dollar. So unprecedented is this act, it concerns me so greatly I can really see the beginning of the end of this Republic.

Rather than cutting spending and thus taxes, the Government will borrow this money to pay you. Eventually, this money will come due. The reason why inflation is rampant is due ot the fact the US dollar is eroding in value. When nothing other than the government backs the currency, the amount of outstanding debt held by the treasury department factors into its overall valuation.

When the value of the US Dollar goes down, costs go up! It’s simple as that. When government injects funny money into the economy, it does no more than a short term effect. Like taking illicit drugs, a temporary ‘high’ will lead to a sudden crash. The Federal Reserve, rather than maintaining the Interest Rates, overnight – decided to lower the inter bank rate by 0.75%. This is an unprecedented rate cut – and sends mixed signals to investors and the world economy. The Federal Reserve broadcasted to the world that there is a significant problem with the US economy, and US Federal Reserve is making some severe reactions to the situation.Congress has given up much authority to the Federal Reserve System that caused this crisis. Setting artificially low interest rates causes the boom-bust cycle we are facing, and it cannot be sustained. Let it be known the Federal Reserve is a quasi-governmental organization, controlled entirely by Presidential appointees and the stockholding Private Member banks. It prints money without the oversight of Congress and in an unconstitutional manner – not backed by any asset of tangible value. The amount of money they are printing today dissuades anyone from saving money and continues an economic system of continuous consumption and increased borrowing. When the bills come due, the system goes bust – and in order to sustain the cycle, the Government is a patch job by injecting money into the system in an attempt to keep it working.

So you might ask how we might get out of this situation? Try clicking this link: http://www.ronpaul2008.com/Prosperity

So much power is held by the President that it is imperative that you seriously consider the effect of your choice on the future of the country. You need to realize the current system is illegal, immoral and unsustainable.