It's going to get worse. The reason for that is because they aren't doing the right things. Only unselfish things are going to work.
To date, the powers that be are still very much focused upon doing what is seen by the superrich as best for the superrich. However, what they see as best for them is terrible for everyone and everything else and terrible for them only they're blinded by greed.
The Federal Reserve has been trading newly printed U.S. Treasuries for total garbage to the tune so far of $850 billion. They have been buying back junk mortgage loans from foreigners that have not been written down. Those foreigners have been accepting Treasuries in return. The American tax payer therefore is trading the debts of home owners for the debts of all of us whether or not we own any property. Renters are now being saddled.
How is this? Well, Treasuries are the debts of the U.S. government. They are loans in the forms of bonds. Those bonds accrue interest for the bond holders. It's just money printed up by the Federal Reserve without anyone seeing anything in the news about it.
Did you want to buy back junk mortgages from foreign governments that those governments bought from the Wall Street sharks? I don't think so.
Am I suggesting that the U.S. should be disinterested in the welfare of foreign countries? No, I am not. There simply are much better ways of handling the whole fabricated so-called crisis that is a scam to transfer wealth from tax payers to the superrich.
Anyway, $700 billion plus the $150 billion Congress put on top of it plus the $850 billion the Fed has pumped out so far doesn't even put a dent in the problem. The reason for that is because this is all chasing after bad money. The old adage goes, "Don't throw good money after bad."
What is the real money or "good" money here? It's labor. Work that produces goods and services that are vastly more tangible than the financial so-called services that the Wall Street investment banks have been fabricating now for decades is the real value, in the worldly sense anyway.
Where should the energies be going? The real energies should be going directly to the basic necessities and quality-of-life issues, including environmental. Throwing energies at smoke and mirrors is ruination.
The only thing that can possibly happen other than the New Deal times ten is that the people go back into a trance and buy into the boom that will lead to deregulation again and then the bust where the superrich just consolidate even more.
Now, whom do you trust?
The following should appear at the end of every post:
According to the IRS, "Know the law: Avoid political campaign intervention":
Tax-exempt section 501(c)(3) organizations like churches, universities, and hospitals must follow the law regarding political campaigns. Unfortunately, some don't know the law.
Under the Internal Revenue Code, all section 501(c)(3) organizations are prohibited from participating in any political campaign on behalf of (or in opposition to) any candidate for elective public office. The prohibition applies to campaigns at the federal, state and local level.
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Political Campaign Intervention
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Contributions to political campaign funds, public statements of support or opposition (verbal or written) made by or on behalf of an organization, and the distribution of materials prepared by others that support or oppose any candidate for public office all violate the prohibition on political campaign intervention.
Factors in determining whether a communication results in political campaign intervention include the following:
- Whether the statement identifies one or more candidates for a given public office
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- Whether the statement is delivered close in time to the election
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- Whether the issue addressed distinguishes candidates for a given office
Many religious organizations believe, as we do, that the above constitutes a violation of the First Amendment of the US Constitution.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
That said, we make the following absolutely clear here:
- The Real Liberal Christian Church and Christian Commons Project not only do not endorse any candidate for any secular office, we say that Christianity forbids voting in such elections.
- Furthermore, when we discuss any public-office holder's position, policy, action or inaction, we definitely are not encouraging anyone to vote for that office holder's position.
- We are not trying to influence secular elections but rather want people to come out from that entire fallen system.
- When we analyze or discuss what is termed "public policy," we do it entirely from a theological standpoint with an eye to educating professing Christians and those to whom we are openly always proselytizing to convert to authentic Christianity.
- It is impossible for us to fully evangelize and proselytize without directly discussing the pros and cons of public policy and the positions of secular-office holders, hence the unconstitutionality of the IRS code on the matter.
- We are not rich and wouldn't be looking for a fight regardless. What we cannot do is compromise our faith (which seeks to harm nobody, quite the contrary).
- We render unto Caesar what is Caesar's. We render unto God what is God's.
- When Caesar says to us that unless we shut up about the unrighteousness of Caesar's policies and practices, we will lose the ability of people who donate to us to declare their donations as deductions on their federal and state income-tax returns, we say to Caesar that we cannot shut up while exercising our religion in a very reasonable way.
- We consider the IRS code on this matter as deliberate economic duress (a form of coercion) and a direct attempt by the federal government to censor dissenting, free political and religious speech.
- It's not freedom of religion if they tax it.
And when they were come to Capernaum, they that received tribute money came to Peter, and said, Doth not your master pay tribute? He saith, Yes. And when he was come into the house, Jesus prevented him, saying, What thinkest thou, Simon? of whom do the kings of the earth take custom or tribute? of their own children, or of strangers? Peter saith unto him, Of strangers. Jesus saith unto him, Then are the children free. (Matthew 17:24-26)