Violence // Current TV

S & P Downgrades US Treasuries, DOW Gets Pummeled: SOLUTION - Voluntaryism

Though many still like to scoff at the idea of a complete economic collapse, it does not change the reality that it will happen as no one in congress, the senate, or presidency will ever admit to the people that they messed up, and will have to drastically cut their payouts. In their eyes, it is the knowledge that it is either a major economic collapse, or a severe civil uprising. In the case of the prior, the blame game option is still on the table and more plausible. In the latter, it will have to admitted that it was the cause of the whole mess – a political mass suicide that none of them will ever want to go through.

First of all, we need to be honest with ourselves as a nation, and admit that what we are going through now is the general sum of failure in all systems; failure in economic, foreign, military, educational and domestic policies. If this can happen, the even more important question can be addressed – what now?

Well it’s actually pretty simple, and we can start with the idea of centralization. People tend to gravitate toward a centralized entity as it as seen as being the calm in the storm so to speak. This holds true in small meetings just as it does in presidential elections (as far as group thought anyway). In small arenas there is nothing wrong with centralizations as the collective is small and interests limited. This means that you have simplicity which makes any policy emitted as being understandable and thus easy to follow.

Expansion of either the size of the collective or its interest is where things start getting complicated. People can only have a reasonable understanding of so many various topics before they run out of room so to speak. For instance a laborer will understand labor, but would not be suited well towards building a communications network. Likewise a network engineer will have little understanding of how to lay a solid concreted foundation. Hence the more items or services you have used for the ‘good of the collective’, the less understanding the collective will have as to how things work. The one and only solution to this is by committing to expansion very slowly, so that the individuals that make the collective have time to develop an understanding of the new interest or social group.

In the interest of the above two points, there is nothing small minded or unenlightened about bending ones focus upon their locality. In actuality, it is the globalists who think themselves wise to the world that continue to overlook the obvious sink holes in their own backyard. The fact of the matter is that I cannot think of a single locality that is not only self sustaining but more than capable of establishing itself and prospering. The reasoning here is simple as well. In most localities you can have farmers markets, a local sewage treatment plant, etc. What one locality may lack in terms of natural fuels or other resources, they could easily trade to another locality for something else. It really is not hard at all.

As to money, it would take some time to adapt to a new system, but it is still easily possible. Everyone complains about the big evil banks, so why have them? Seriously, why have them? If local banks were in place, and you could use any currency you wanted to (or not all for those gifted in trading), then their failures would not have to translate into a tool of fear that can be used against you. In addition it..................

http://peacefreedomprosperity.com/5479/s-p-downgrades-us-treasuries-dow-gets-pummeled-solution/

http://www.youtube.com/watch?v=RHe4OQ4bY4o

http://www.revleft.com/vb/picture.php?albumid=210&pictureid=4877Though many still like to scoff at the idea of a complete economic collapse, it does... more

shanklinmike
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S & P Downgrades US Treasuries, DOW Gets Pummeled: Problem

This post, the problem... next post, the solution.

http://peacefreedomprosperity.com/5474/s-p-downgrades-us-treasuries-dow-gets-pummeled-problem/

Last week was a bad one for Wall Street. The DOW got pummeled by over 500 points, Standard and Poor’s downgraded the rating on US treasuries, and now no one is quite sure what will happen. Now this is only the tip of the iceberg that many of us have been talking about for almost a year now, but I highly doubt most people even seem to understand the implications involved. Not being satisfied with third hand reports, I downloaded Standard and Poor’s report, and began to see just how messed up things really are.

First of all, the report often makes three assumptions to prevent further downgrading of debt. The first is that the bush tax cuts are removed (or rather allowed to lapse) in 2013. The second is that government spending slows down even more then the new so called budget deal. The third is that the fed raises interest rates. Unfortunately the main body of the report focuses on these things happening to bring forward a ‘best case scenario’. Unfortunately, neither can happen at this point.

To start with, congress didn’t have the backbone to cut spending before. Sure they slowed down the amount of spending taking a savings off of the proposed deal, but it was not nearly enough to meet the bond rating agencies wishes. This happened for two reasons. The first was that the immediate effect of a meaningful cut in deficit spending would mean that many people would not get the government hand outs they were promised – something no one wants to do on a good day – let alone so close to an election. The second was an equal method of political suicide – decreasing tax cuts to increase revenue enough to meet the promised expenditures. This will not change in the future either, so S&P’s idea that it is possible is naïve at best.

As to raising the interest rate, the SP report is very skewed within itself. It states that a plus would be to have the fed incur a loose money policy in a time of monetary tightening (their words not mine). This is foolish because by enacting another round of QEx, the easy money allowed to maintain what the SP sees as a good monetary policy during tight times, will mean an insane amount of money being injected into the bank balance books – on top of the QE2 which has still yet to take full effect as the bankers keep raking it in. Contrary to popular belief, the banks are not only tying up more money than all of the private corporations combined, but and even worse is that government has even more money tied up in promised payouts. This is something Standard and Poor’s did not address in their report.

What I take issue with the most is Standard and Poor’s inferences. It takes into account the slower than expected GDP growth and the increased debt burden. However instead of urging the government to reign in its spending, it encourages it, and follows through with a hint that we need to raise taxes. This is their biggest mistake of all.

What the SP either is forgetting or deliberately leaving out, is that many of our economic woes are from taxes – both corporate and private alike. If these taxes where ever raised to meet government expenditures, then the rate would be far higher than it is now – almost double; and that still would not cover everything. In addition, many businesses have moved their bases of operations overseas just to make it affordable to operate. Should taxes be raised yet again, then even more will go overseas – this creating an even bigger drop in job loss. Less jobs here is less tax revenue, thus making the idea of raising taxes undoable right out of the gate.

However damaging this news is to our bond holders (especially in the future when it gets downgraded again, which will happens as democrats will promise more spending as republicans sign off on it without allowing taxes to go up), it is still pretty petty compared to the much larger issues that will be adding fuel to this fire.

You see as government is able to fund less and less through bond sales, it will need money to cover the difference. QE1 and 2 have already aided in this effort, but still fell drastically short. In addition, the money has not gone to any productive source, but rather into government and big bank balance sheets so that they can keep the toxic assets on their books in an effort to maintain their high prices. This of course is very foolish, and has already allowed money to leak into the private sector allowing the prices to rise across the board. Once QE2 begins to finish piddling out over the next 3-4 months, QE3 will be enacted, and it.................

http://peacefreedomprosperity.com/5474/s-p-downgrades-us-treasuries-dow-gets-pummeled-problem/This post, the problem... next post, the solution.... more

shanklinmike
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