Slavery – It’s Economic in Today’s World

Slavery has taken a new dimension in our country. People are no longer owned and driven to perform tasks for no pay. Today, slavery is to our governments, with very little chance of ever breaking the financial bondage.

On average, Americans now spend more time working to pay their taxes than they spend working to provide food, clothing, and shelter combined. According to the Tax Foundation, the typical middle-income taxpayer in 2003 had to work until April 19 just cover their federal and state income taxes. That’s almost a third of the year, 109 days, or 2 hours and 23 minutes of each eight hours in earnings. Now add on your local taxation fees and your homeowner tax. Each American is working almost half a year just to pay their annual tax burden. Close to half of your 8 hour, workday is going directly to pay your tax requirements. In comparison, in 1930, it only took 30 seconds of an individuals daily work time to cover their tax burden.

Many people discuss the “good ’ol days” of American life, and how today’s generation has it tougher than our Grandparents did. If you look at old unplanned pictures of the 30’s, 40’s and 50’s, the people going to work have smiles on their faces. I commute everyday, and you rarely see people smiling. Work is no longer a pleasure, but a necessity to survive. Losing your job in today’s market is a virtual death sentence for you and your family’s way of life. The burden on the “providers” is staggering.

These daily pressures are surely being noticed and absorbed by our children. Youth crime is skyrocketing. Drug use is still very prevalent in our youth, and moving toward the harder “mind altering” substances. Violence and violent actions are getting more severe in our younger generation. Our children are angry, nervous and stressed, and with less parental support due to working requirements, our children are losing control, lashing out at each other, authority figures, and anything else that may get in their way.

Many experts have analyzed violence in today’s world. They have talked about the lack of parental support due to both parents having to work. I am no expert when it comes to giving people advice on how to raise their families. However, I feel confident in my financial expertise. Our nation can easily afford to back-off on the tax burdens that affect the American family. Sure, there will be some pain within our government ranks, our school systems, and social programs that do not provide benefits to the general population. But the pain will pass, our governments and school systems will rebound and be more productive than ever before. The American family will be less burdened, which will result in our younger generations being less burdened. Our nation will once again be filled with the vibrant achievers of the world.

I have had numerous discussions with many different people regarding these issues. Many feel there is nothing that can be done. If our forefathers thought like this, we would still be an English colony paying homage to a far-away kingdom.

We can make change happen, but only if you get involved and make it happen. Pick a cause in life, and fight for it with everything you have. When it comes to our country, I urge you to not be a spectator. Become an active participant – if not for yourself, then for your children, grandchildren, and every future American that shall inhabit earth. Only you can make it happen.



Our Economy on the Path of Recovery

If you believe this line of b.s. from our politicians, then we surely are doomed as a nation. Look at the real numbers and don’t listen to the political “good news” from millionaire politicians who are out of touch with the average American.

The June employment number was far weaker than expected; only 112,000 jobs were added compared with expectations of 250,000 jobs. In addition, results for April and May were revised downward by 35,000 jobs. At this rate, and with 16+ million Americans out of work, it may take a few decades for meaningful jobs to return to America.

General Motors (GM, news, msgs) reported its June sales down about 15%, after Ford (F, news, msgs) stated that its numbers were down about 7%. Suffice to say, those sales were worse than expected and, unequivocally, signs of weakness.

Wal-Mart (WMT, news, msgs) issued a sales-growth forecast that was dramatically lower, Wal-Mart is basically a proxy for the U.S. consumer at large, after you factor in an inflation rate of about 4% (probably on the low side), its sales growth will potentially be zero or minus 2%.

Target (TGT, news, msgs) said that its June comps would be substantially below the 5% to 7% that had been forecast.
The Redbook Retail Sales index, according to a Bloomberg story on Tuesday, “fell sharply and now shows no gain at all for June, well below the targeted 0.6% gain for the month.”

The Chicago Purchasing Managers opinion poll results were released, and they were way below expectations. Last month's reading was 68. This month was supposed to be something on the order of 65, but it came in at 56.4.

Washington Mutual (WM, news, msgs) announced that its earnings would be substantially below what folks had thought, blaming the problems on improper hedges and expenses being too high.


Communist Lenin View on how America will Destroy Itself

Just as our nation laid foundations to eliminate Communism in the world, Communistic nations were anticipating the downfall of American capitalism. Lenin’s analysis of our capitalist system is remarkably close to what is happening today.

Read more in John Maynard Keynes book “Essays in Persuasion.” The following three excerpts are from the chapter titled "Inflation and Deflation":

Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens (tax). By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some (politicians). The sight of this arbitrary rearrangement of riches strikes not only at security, but also at confidence in the equity or fairness of the existing distribution of wealth.

As the inflation proceeds and the real value of the currency fluctuates wildly from month to month (gasoline), all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. (Sound like the last five years?)

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of Society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction.


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