liabilities (5)


Saving Your Butt as Monetary System Collapses

            Hopefully, the politicians will regain their senses in the next couple or three months and the survival information in this little blog will never have to be used . . . call the odds on that happening 200/1 since the tax and spend Democrats still control the senate and Barack Obama still wields the veto pen in the Oval Office. The last time an American President showed courage and wisdom in the face of a severe monetary crisis was 1921 (Harding slashed government spending 48%; taxes 49%; and paid down the National Debt 30% in turning the depression left him by Woodrow Wilson into the "Invisible Depression" within fifteen months).  Unfortunately,Barack Obama won't join with the Republicans to save your butt; indeed he's still suggesting mad policies (in the State of the Union speech) that guarantee the grand-daddy of all fiscal meltdowns.  Either kiss your butt goodbye, or take matters into your own hands because your survival in the coming meltdown depends upon you.

Rajjpuut began advising readers in early 2004 of the dangers represented by the sub-prime lending crisis to our economy and to their wealth. You know how that turned out . . . . Since roughly April, 2009, he’s been warning of a complete fiscal meltdown in America associated with the U.S. Dollar’s collapse (when the greenback is no longer accepted as the World’s Reserve Currency) and hyper-inflation attacks our way of life . . . since Fed Chairman Ben Bernanke has been busy at the money printing presses and electronically creating dollars as well, the 2011 dollar is technically worth 3.4 pennies of a late 2008 greenback.  Our National Debt stands at 95% of our GDP even though Ben Bernanke put the figure at 64% in a National Press Club speech three days ago (he did not include the $4.6 TRillion we've stolen from Social Security and Medicare "lockboxes" which moves the debt from $9.5 TRillion to $14.1 TRillion).  Our UNfunded liabilities stand at $113 TRillion.  We will soon be able to tax every citizen 100% on their earnings and not be able to fund the profligate Obama budget.  The nations of the world individually and the leaders of the world's monetary foundations are in agreement the American Dollar as the world's reserve currency is no longer acceptable; the system stands on the verge of disintegration and you are innocently sitting on the couch watching "reality TV" and playing video games?

To fight against this growing present threat, even more than gold, Rajjpuut has been advising readers to consider buying so-called “junk silver.” Junk silver needs a new name because purchase of a $100-face value bag of American silver coins (pre-1965 dimes, quarters, half-dollars with 90% silver content) now costs -- depending on the price of silver on a given day -- between $1,850 and $1,950 dollars. Few people realize that as an investment, silver has outperformed gold in the 21st Century. Yes, yes, gold has risen roughly 300% (quadrupled in value since the original 100% is added in) but silver has risen 521% over the same period or gone up to 621% of its original value.

One other little thing: people don’t realize is that silver is now more rare than gold. While virtually every ounce of gold that’s ever been mined is still with us today; approximately 96% of all the silver that’s ever been mined is believed lost forever. Silver has a huge present day demand and  has long dominated the industrial markets: it’s still used in photography; and is the preferred metal for electronics, pollution control, tableware and utensils; chemical catalysis; medical use; and in some countries it’s still used in coins . . . but let’s get back to the junk silver we were talking about, when silver reaches $33 per ounce, each silver dime will be worth $2.00. If hyper- inflation hits silver will be in far greater demand than that, for the price of a single silver dime, it’s likely that you’ll be able to buy enough to feed a person three-squares as merchants desperate to trade their wares for something of intrinsic/real value look to silver as their own best investment. These same merchants might NOT accept $4,000 paper dollars for the same food under the same circumstances.

Does that sound far-fetched?   At the end of the Weimar Republic’s savage hyper-inflation, German citizens in late 1923 insisted upon being paid three times daily and having splurge-breaks to run off and buy anything just so their money wouldn’t lose all its value before they could spend it. Eric Maria Remarque, famous author of All Quiet on the Western Front, displayed these facts quite graphically in his stark novel The Black Obelisk as 26 TRillion Deutsch Marks traded for one American dollar. Rajjpuut’s stamp collection contains Weimar Republic German stamps with printed prices cancelled out and new prices overprinted . . . in short, hyper-inflation is a mess you’d prefer not to deal with, but one it’s best to prepare for . . . .

However, while silver coins are a great idea, there is one truly great investment that trumps virtually everything else imaginable: farmland. Yes, real hold-in-your-hand coins are absolutely necessary, but the best investment of all over the last 40 years has been American farmland which easily outpaced bonds; stocks; gold and even silver. Farmland was about twelve times more lucrative than the Standard and Poors stock index; and more than four times better than gold during those 40 years. 

While the land appreciates in value, it can also be rented out or farmed by you in case of the utter end of civilization, and NO, farmland did not fall in price during even one quarter during our recent meltdown. Investments in the stock market in 1970 (adjusted for inflation) returned only 16% and the stock market can’t save your family in a serious crisis. Just as physical silver is a great idea, owning a farmable plot of land has its great attractions as well. If that’s impossible, you can invest in private Argentine farmland for about $7 an acre; the well-respected Stansberry Report even suggests buying Argentine farm property management via NASDAQ whenever such stocks sell for below book value. To get the full (it's a long presentation) picture, visit:


Ya’all live long, strong and ornery,


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We now have FEWER people working in AMERICA than we've at any time had SINCE 1981 during the early days of the Reagan administration.  We also have more people working for the government than at any time in history outside of war.
Bernanke Sobers Up, Comes Clean, Sort of
            Ben Bernanke had a National Press Club audience laughing while doling out some super-serious information yesterday. For example, he reminded them that the country’s projected deficit and debt level are actually not only unsustainable but impossible . . . because the nation’s creditors at some point in the future would wise up and refuse to continue financing our country’s spending.
            ALERT:   Before going further with the blog itself . . . the nation’s latest jobless numbers came out earlier today: 9.0% unemployment sounds like an improvement over the recent 9.4%  . . . unfortunately, the fact is that virtually all of the “drop” in unemployment can be traced to unemployed persons who have stopped reporting in to the nation’s Workforce Centers and therefore “fell off” the statistical data base. True unemployment now stands at just a tad below 20% if all the unemployed; and  forcible part-time workers are included . . . not to mention all the grossly under-employed who lost better jobs and are working at stop-gap situations.  Only 36,000 jobs were created last month, almost 110,000 short of the projected 145,000.  1.4 million people gave up looking for jobs through official channels last month:  1.4 million!  We now have FEWER JOBS in AMERICA than we've seen at any time SINCE 1981 during the early days of the Reagan administration. The situation is getting so hopeless that more than half of the unemployed are no longer using the official Workforce procedures . . . these fictitious unemployment numbers just prove that when it comes to statistics, garbage in = garbage out. Now let’s get back to Ben Bernanke . . . . 
            “By definition, the unsustainable trajectories of deficits and debt (outlined by the Congressional Budget Office, CBO) cannot actually happen because creditors would never be willing to lend to a government whose debt . . . is rising without limit.” Currently the National Debt is stated at about 60% of the economy or Gross Domestic Product (GDP) officially; but in reality the figure is much closer to 95% than 60%. More on this soon . . . Bernanke said that the 90% threshold is projected by 2020 and debt would be 150% of GDP by 2030. But Bernanke’s citing of $9.5 trillion in national debt was sinfully inaccurate because it omitted the $4.6 trillion owed by the government to trust funds for things such as Social Security and Medicare, which have paid out cash to the Treasury in exchange for promissory notes. The full national debt – when both forms of debt are included is roughly $14.6 trillion.   
Mr. Bernanke also failed to acknowledge the 180-ton blue whale splashing about in the Lincoln Memorial Reflecting Pool, the fact that not including all our welfare programs and barring deliberately infecting all our nation’s elders simultaneous with ebola . . . the federal government is already obligated for roughly $113 TRillion in services via Social Security, Medicare and the federal side of Medicaid. He also was less than forthcoming about the fact that Obamacare is now shifting a huge burden in Medicaid from the Feds onto the unwilling states which will presumably bankrupt every single state by 2026 (2023 in some less optimistic projections). To emphasize the point he was semi-obscuring, Bernanke quoted economist Herbert Stein, “If something can’t go on forever, it will stop” to exceedingly nervous Press Club laughter.
The Fed chairman strongly admonished Congress to act soon to cut spending or increase revenues (taxes), or some mix of the two,  because otherwise the U.S. economy will suffer a severe correction. “One way or the other, fiscal adjustments sufficient to stabilize the federal budget must occur at some point,” he said. Bernanke avoided predicting when the U.S. might experience a debt crisis similar to what Greece and other European countries have experienced. Bernanke suggested lawmakers should forget politics and not use the debt and debt ceiling as “bargaining chips” or resort to playing political “chicken.” He also seemingly assured Republicans that their understanding was correct,   “Under current law, if the debt limit is not extended, for a time, the Treasury has various resources that it can use to make payments on our national debt,” he said, “but beyond a certain point, (our federal government) would not have those resources and the United States could conceivably — I think this is very remote, but it’s not something you want to play around with — the United States would be forced into a position of defaulting on its debt,” he said. “And the implications of that for our financial system, for our fiscal policy, for our economy would be catastrophic.”
The twin drivers of this unsustainable national path toward debt (and he did not mention, but also toward UNfunded liabilities), according to Bernanke is the double barrel impact of rising health care costs and exploding baby boomer retirements on entitlement programs such as Medicare, Medicaid and Social Security. “Our ability to control health care costs, while still providing high-quality care to those who need it, will be critical for bringing the federal budget onto a more sustainable path.”   He tempered pessimism with a slightly optimistic look at the overall economy citing “increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold,” but immediately slipped back into pessimism saying the economy “does look to be growing more quickly, but is still in a deep hole, is still very far from where we’d like it to be.”
Coupled with Bernanke’s speech the Senate Budget Committee heard from numerous “experts” about the most serious threats facing the hoped for economic recovery: the housing crisis; state, local and federal budget shortfalls; unrest in Egypt and its possible effects on shipping via the Suez Canal and on the price of oil; and the continuing European debt crisis. Home prices are expected to fall another 5% this year and 14-17 million Americans are currently “underwater” on their homes (owing more than their homes are worth now, not to mention after a further 5% drop in prices). Overall this amounts to an expected total average home price drop of 35% between 2007 and the end of this year possibly igniting another round of the vicious cycle of default, foreclosure and greater downward pressure on home prices.
The pressure is not all at the federal level either.   Ray Scheppach, executive director of the National Governor’s Association said that the Obamacare mandated explosion in Medicaid enrollment (coupled with other demands on the states shifted from the federal government) was the “700 pound gorilla” in the room as it increased costs to the states by 190 million by 2019. If the recession (which has been officially “ended” for over nineteen months now . . . you and I know better, any time home prices are down over 1/3 of their value in four years: that’s a recession!) continues, Rajjpuut concludes that the Obamacare-created meltdown of the states will happen sooner (2023) rather than later (2026). As far as bailouts, several of the witnesses at the senate hearing implied that there was no appetite for state bailouts.   Going back to Bernanke, he failed to mention that the Federal Reserve Banks under his command had been busy printing paper money and creating electronic money for the better part of twenty-seven months and there was, believe it or not, some obscure chance that the nation’s major creditors (such as China, Russia, India, Brazil, Japan and others) might not only notice but also object to his willful policy of inflation. Since technically the math says that the current dollar is worth 3.4 pennies worth of the late 2008 dollar . . . this could also be a problem, eh?
In short, Mr. Bernanke seems to be sobering up, but he’s still not admitting his drunken money-creation, so overall the prognosis for the patient is very, very, bad.
Ya’all live long, strong and ornery,
PS remember this:  We now have FEWER people working in AMERICA than we've known at any time SINCE 1981 during the early days of the Reagan administration.  We also have more people working for the government than at any time in history outside of war.  At a projected cost of 2 - 3.5 real jobs lost in the real economy for every government job created, is it any wonder?
Here's a chart of the eleven recessions the country's suffered through since World War II.   Notice the "V" shape typical of recession recovery is not present now thanks to government interference . . . .

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TEA Party Continues Reagan Tradition
Time to Institute His Economic Bill of Rights
Just as Hall of Fame Denver quarterback John Elway became famous for a 98-yard drive through a snowstorm in the waning moments of a playoff game that won the game for his Broncos and came to be known as “The Drive,” so too in late 1964, Ronald Reagan gave a speech supporting Barry Goldwater’s presidential Bid. Goldwater’s famous book was called “The Conscience of a Conservative,” Reagan’s famous speech came to be known simply as “The Speech.”
During “The Speech” Reagan told the story of a Cuban refugee who had escaped Fidel Castro and that island’s communist tyranny. The refugee later became an American businessman and much later met two of Reagan's friends. Reagan described it this way in “The Speech” and considered even more powerful than Goldwater’s entire book.
“In the midst of his story my one friend turned to the other and said `we don't know how lucky we are' and the Cuban stopped and said `how lucky you are? . . . I had some place to escape to,' and in that sentence he told us the entire story,” Reagan continued, “If we lose freedom here there is no place to escape to. This is the last stand on earth. And this idea that government is beholden to the people that it has no source of power except the sovereign people is still the newest and most unique idea in all the long history of man's relationship to man.”           

Six months ago Bill Wilson, President of Americans for Limited Government, said,
“As the federal government continues to expand beyond its constitutional boundaries here in the early part of the 21st century, Reagan's timeless warning against the grand designs of centralized planners deserves renewed attention. In his speech, the future president also suggested that a forceful response was needed to reclaim the principles of the founding period otherwise ‘history will record with the greatest astonishment that those who had the most to lose did the least to prevent its happening.’”
The TEA (Taxed Enough Already; or Taken Enough Abuse) Party movement coming one generation after Reagan’s first presidential election victory honors Reagan’s legacy and the legacy of our Founding Fathers. It’s no coincidence that TEA Party activism rose up shortly after our newest President passed his $787 BIllion stimulus program. Barack Obama’s progressivism (Marxism, actually) and the entire Obama agenda, seemingly all designed to rush the country down the path toward the abyss while spitting on the Constitution and all the principles that made this country great. The same principles that Reagan harkened to every day are the principles Barack Obama denigrates into oblivion.
In response to Obama’s nauseating socialism, Reagan nostalgia and Glenn Beck’s eye-opening revelations have created a whole new generation of Americans that Wilson said in the blog quoted above
“. . . are willing to take up Reagan's challenge and restore constitutional checks on federal power. The current administration's on-going efforts to “Europeanize” the American economy with new entitlement programs and coercive mandates has helped to focus public attention back onto the ideals of the founding period. Best seller lists are replete with references to the key figures responsible for the American Revolution.
“. . . on July 4, 1987, President Reagan delivered a radio address that discussed a series of proposed constitutional amendments aimed against deficit spending that would be folded into an “Economic Bill of Rights.” Reagan had discussed his plan at great length the day before during a ceremony held at the Jefferson Memorial. Although his comments were overlooked in the news media at that time, they are remarkably detailed and highly relevant to the fiscal challenges of 2010.
“It's about time we constitutionally mandate the Federal Government to do what every American family must do, and that is balance its budget,” Reagan said in his address. “That doesn't mean taking more out of your pocket by raising taxes. In fact, our Economic Bill of Rights suggests a balanced budget amendment should contain a provision requiring more than a mere majority vote in Congress -- which is all it takes now -- to raise your taxes.”
Voters, whether Republican, Independents, Democrats or Libertarians like Rajjpuut showed up en masse on Election Day, 2010, to express their outrage with tax and spend politicians . . . especially those with the gall to refuse to read and understand the expensive bills and entitlements they were passing. Rajjpuut’s suggests that the TEA Party and the Republican Party take this opportunity to revisit America’s Economic Bill of Rights which Ronald Reagan created out of his deep love for this country:
America's Economic Bill of Rights
July 3, 1987
The Founding Fathers of our country knew that without economic freedom there can be no political freedom. Their rallying cry of "No taxation without representation" reflects that fundamental precept. They knew that the right to earn your own keep and keep what you earn is central to America's understanding of what it means to be free. This country was built by people seeking to support themselves and their families by their own labor, people who treasured the right to work and dispose of their earnings as they saw fit, people who were willing to take economic risks.
Over the past 40 (now 64) years, however, the growth of government has left our citizens with less control over their economic lives. What America needs now is an Economic Bill of Rights that guarantees four fundamental freedoms:
• The freedom to work.
• The freedom to enjoy the fruits of one's labor.
• The freedom to own and control one's property.
• The freedom to participate in a free market.
To secure these freedoms, I propose the following initiatives:
The Freedom to Work: You have the right to pursue your livelihood in your own way, free from excessive government regulation and subsidized government competition.
1. To reduce subsidized government competition with private citizens, I will establish a bipartisan Presidential Commission on Privatization to identify government programs and activities that can be accomplished more effectively in the private sector. I will also instruct the executive branch to find additional ways for contracting outside the government to perform those tasks that belong in the private sector. As to those activities that should properly remain in the government, I have asked the President's Council on Management Improvement to accelerate its productivity improvement program by one year and to adopt private sector practices where they would promote efficiency.
2. To reduce the burden of government regulation, I have reconstituted the Task Force on Regulatory Relief, chaired by the Vice President, to root out unnecessary restrictions on the individual's pursuit of a livelihood.
The Freedom to Enjoy the Fruits of Your Labor: You have the right to keep what you earn, free from excessive government taxing, spending, and borrowing.
3. To protect you from over-borrowing by the government, I will ask the Congress to adopt a balanced budget amendment, a line item veto, and legislative changes that will restore integrity to the congressional budget process.
4. To protect you from over-taxing by the Government, I will propose as part of the balanced budget amendment submitted to Congress, a requirement for a supermajority vote by Congress before your taxes can be raised. This reform will help make permanent our recent progress in lowering your tax rates, broadening the tax base to ensure fairness, and indexing rates so that inflation cannot push taxes back up.
5. To protect you from excess spending by the Federal Government, I will propose Truth in Federal Spending
Legislation that will:
A. Require that every new program established by legislation increasing Federal spending be deficit-neutral by including equal amounts of offsets.
B. Require that every piece of legislation mandating an increase in private sector costs or imposing new regulations include a financial impact statement detailing:
—The impact on private costs;
—The impact on prices for the consumer;
—The effect on employment;
—The impact on the ability of U.S. industries to compete internationally.
C. Require that every piece of legislation forcing increased expenditures by State and local governments include an assessment of the spending impact, the likely source of funding, and the ability of these governments to fulfill the mandates of the legislation.
The Freedom to Own and Control Your Property: You have the right to keep and use your property, free from government control through coercive or confiscatory regulation.
6. To protect your right to own and use your property, my administration will pursue our successful efforts in the courts to restore your constitutional rights when the government at any level attempts to take your property through regulation or other means.
7. To protect intellectual property and to encourage creativity, I will urge that the Congress act on my proposals to provide adequate domestic and international protection to Americans who create new ideas and invent new goods and services.
Freedom to Participate in a Free Market: You have the right to contract freely for goods and services and to achieve your full potential without government limits on opportunity, economic independence, and growth.
8. To reform the present welfare system that promotes dependency and destroys families and communities, I have proposed a welfare reform initiative that will lift the least fortunate among us up from dependency by creating incentives for recipients to become independent of welfare as full participants in the American economy.
9. To prepare our youth for participation in today's economy, I will ask the Congress and the States to enact proposals that will protect the rights of parents to guide their children and select from a broad array of educational options that emphasize excellence, character, and values. I will also promote programs to assist problem students to complete their education and to encourage dropouts to return to school.
10. To arm American workers and businessmen for full participation in an increasingly complex world economy, I will press for the Congress to act on my trade, employment, and productivity proposals to:
—Increase job retraining and other initiatives which improve opportunity for the American worker.
—Encourage science and technology by increasing support for basic research and development.
—Enact antitrust, product liability, foreign corrupt practices, and other regulatory reforms that place American
enterprise on a level playing field with foreign competitors.
—Improve America's ability to secure free and fair trade without resorting to protectionist measures that destroy jobs and
harm the consumer.
            Makes a lot of sense doesn’t it? Truth in spending by the Obama administration alone would be a wonderful thing but all of our presidents and far more importantly all of our congresses have been guilty of excess taxation and super-excess spending. This is where our present $14.1 TRillion National Debt and current $112 TRillion in Unfunded liabilities (not including welfare programs but only Social Security, Medicare and the federal side of Medicaid) come from . . . Truth in Spending; and requiring a “¾ super-majority” before any tax can be made law; or any present tax can be raised seems like simple, solid common sense. Rajjpuut would also insist that any tax can be cancelled and any old tax decreased by a simple majority. Reagan’s words bear repeating:
“We the people deserve to know that our jobs, paychecks, homes, and pensions are safe from the taxers and regulators of big government. Jefferson warned us of this threat 200 years ago,” he said. “Our Economic Bill of Rights is designed to protect the economic freedom of all Americans and to keep our country growing and prospering.”   AMEN!
Ya’all live long, strong and ornery,

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Exactly Why Progressivism Sucks,

FDR’s/Obama’s Second Bill of Rights

and our Actually $212 TRillion PROBLEM

You do recall candidate Obama’s pledge not to raise taxes on anyone earning less than $250,000 a year? A pledge already worthless? Well consider this, in just a bit over five months, all the Bush tax cuts we’ve been enjoying will be rescinded, but that’s not a tax increase is it? Well, welcome to Bill of Rights Hell, Obamastyle . . . .

Barack Obama would like to take all the credit/blame for his radical legislative program but it’s been around since there have been left-wing progressives interested in “progressing beyond” the United States Constitution which they regard as “outdated” or even “an inferior and ill-conceived document.” Barack Obama himself calls it outdated and adds that it’s merely “a catalog of negative rights.”

Woodrow Wilson was the first recognized Progressive (Teddy Roosevelt was actually the first and mildest** one, however). Wilson, an educator and President of Princeton University wrote several books re-writing history and most particularly the history of the founding of the nation and of the founders. Wilson, according to real history – not progressive history, was an abject racist and the first to segregate the armed forces since Civil War Days. D.W. Griffith’s racist silver screen masterpiece “The Birth of a Nation” which glorified the Ku Klux Klan as the most vital element in post Civil War history, was premiered at the White House for Wilson and his Cabinet.

Herbert Hoover, a Republican like Teddy Roosevelt, believed in government involvement in peoples’ lives to a much greater extent than Teddy did. He sought to involve the government in welfare schemes and to give price supports to farmers among other progressive farm programs. He dramatically reversed the Harding-Coolidge trend of substantially lowered taxes and substantially lowered government spending (over a 45% reduction in both cases in response to the “Invisible Depression” Harding had inherited from Wilson). After the Crash of October ’29 under Herbert Hoover, the Depression was ending with the bottoming out of the stock Market three months after Franklin Delano Roosevelt’s inauguration (in March, in those days). FDR had run on a promise to return to common sense and cutting taxes and cutting government spending which had cut Wilson’s Depression down to size very quickly and left it known as the “Invisible Depression.”

FDR’s policies extended the Depression another nine years from taking office and presumably would not have ended the Depression at all except for the U.S. entry into the war in December of 1941. In the United States that period in history is known as the “Great” Depression but the rest of the world had a rough three years and simple call it a little ‘d’ depression.

FDR’s Second Bill of Rights was aimed, as many progressive schemes are, at redistributing wealth and its been adopted in whole cloth by Barack Obama. The harm done by FDR was incalculable. Hoover only created two new government agencies, FDR created forty. Barack Obama’s Obamacare health care “reform” has created 390+ new government agencies in just one law. Again, as most people sense, Obamacare has little to do with health care and will NOT cut health care costs it is just a method of grabbing more control for the government and redistributing wealth.

Before FDR’s 1944 inauguration (his 4th!) speech he paid homage to the idea but he’d already come out specifically talking about his agenda of redistributing wealth during his earlier 1944 State of the Union Address. The “Second Bill of Rights” according to FDR are “positive rights,” that is what government can do for or to its citizens (after taxing them unmercifully for the money to do it with). He included:

1. The right to a useful and renumerative job

2. The right to earn enough to provide not only food and clothing but

also recreation

3. The right of every farmer to raise and sell his products at a return that

would give him and his family a decent living

4. The right of every family to a decent home

5. The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination from monopolies at home and abroad

6. The right to adequate medical care and the opportunity to achieve and enjoy good health

7. The right to a good education

8. The right to adequate protection from the economic fears of old age, sickness, accident and unemployment.

Quite the socialist agenda, whereas the Founding Fathers said, we’ll keep the government out of your hair and maximize the money you can keep from what you earn and thus maximize your freedom to take care of your needs as you perceive them, FDR said we’ll tax the hell out of you and then give you some of your money back in the form of cradle-to-grave Nanny-state protection, not noticing that this would destroy the economy’s ability to create jobs and make it a lot less likely that anyone would have money to be taxed. This is clearly virtually identical to Lyndon Johnson’s “Great Society” progam.

Let’s look at item #4, in 1977 Jimmy Carter and his dual-chamber Democratic majority in congress passed the CRA of ’77 (Community Reinvestment Act) which for the first time required banks and local lenders to knowingly make bad home loans to otherwise ineligible clients. Fanny Mae and Freddie Mac were added to this travesty in 1992; these “rights” were expanded again twice in 1995; and the Bill Clinton final expansion in '98 (the third expansion under Slicky Willy) put the whole process on steroids and with the help of the Cloward-Piven Strategics of ACORN . . . created the sub-prime lending crisis at the root of today’s economic debacle.

And think of this, the United States had enjoyed for over half a century by far the world’s highest home ownership percentage (62-65%) so there was no problem. What exactly is wrong with renting a home, especially when one is young? What about the rights of landlords to operate their business and perform a clearly useful service?

Item #2 has raised its ugly head often since LBJ’s days, the right to a “guaranteed income.” Wow! Do you mean the right of the lazy and unproductive to extort money from those who earn it fairly by trading their goods and services and talent and education in the free market?

Item #8 is likewise quite interesting. This is the welfare “RIGHT” is it not? At present, our country not only has a $14TRillion national debt, but also $110 TRillion of UNfunded liability courtesy of Social Security, Medicare and the federal side of Medicaid. No one ever talks about these things or this UNfunded liability . . . but something that’s even less obvious and even more secret: roughly $88 TRillion in UNfunded welfare liability is also coming our way in the next 44-45 years.

#6 is Obamacare and its travesties are just coming to light. It is a nightmare fiscally, will destroy the health insurance industry and the health care industry as we know it. Count on old folks dying courtesy of the rationing which the newly-appointed health care director openly expressed. As well, a lot of infants also will prove to be “not viable enough” to warrant all the health care bucks and services and time that would be needed to keep them alive. And from having the highest cancer cure rate in the world, count on the United States gravitating toward the rate of Great Britain where early intervention against cancer is somewhat of a joke.

#7 is the right to a good education. Wow, Ph.D’s for everyone? Rajjpuut went through college courtesy of the GI Bill he earned and five different jobs he held and wound up with a 3.92 GPA despite taking as many as 29 hours in two different quarters. A lot of people getting through on mommy’s and daddy’s money wasted their education and their time in Rajjpuut’s not-so-humble opinion . . . what’s wrong with people working to put themselves through college? Why should anyone be guaranteed a college education as Barack Obama has promised to provide?

#1 the right to a useful and remunerative job. Really? What about the right of an employer to hire who he needs and only who he needs and to pay them what he must to get good work out of them all the while keeping his company afloat? Study after study has shown that minimum wage laws just put more people out of work and threaten the solvency of more businesses . . . so much for government interference in the marketplace.

#3 means that an inferior farmer has the right to survive and charge enough to cover his ineptitude. He grows cotton in the north and succeeds in half the years but is frozen out in the other half, why should anyone give him more than top dollar for an inferior, at best crop?

#5 Sounds pretty nice. Actually, the policies of FDR favored big business and cut the throat of small business which is one great reason why the Depression lasted almost ten more years after FDR came to power. But if it really were true, big IF that, just as in the case of the farmer, why should someone be forced to pay more than top dollar if the product is inferior or the process to produce it is inefficient? So much for the “Second Bill of Rights!

In other words, FDR who gave the country almost ten extra years of Depression and who ran promising to cut taxes and cut spending but did just the opposite, was the king of the early progressives and the first clearly socialist president and was aiming to move the country toward something quite close to communism. And remember he only created 40 new government agencies Ol’ FDR, while Obama created 390+ just in one law: Obamacare. Gotta love them progressives, don’t you?

Ya’ll live long, strong and ornery,

** Building the Panama Canal and establishing National Parks have to be called progressive by anybody, not that they were bad but that the people had NO say in their implementation; why not have a parks amendment voted on? Teddy feared it wouldn't pass or it wouldn't pass quickly enough or wouldn't set aside enough money, etc., etc., so he abrogated the people's right to decide the issue . . . .
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America as Desired by Obama . . .

Morally, Fiscally Bankrupt

You’ve seen those commercials where someone is saying, “ . . . we don’t make things in America any more . . . ,” a sad commentary on what was once the greatest manufacturing country the world ever knew becoming the greatest outsourcing country the world has ever known. Somewhere along the way America lost its greatness. Now, at a moment in our history where greatness is required of our leaders, instead we’ve been blessed with Marxist ideologue Barak Obama who, eschewing mediocre 2nd World status for the country is aiming us toward abject and utter Banana Republicdom$$. His economic policies have all led in the wrong direction and merely enriched the wallets of his supporters, but out of charity let’s forget all that, let’s look at his plans for our future.

Obama has promised his economic and energy policies will “bankrupt the coal industry” and “necessarily cause the price of electricity to skyrocket.”

And all of this madness is based upon a lie called “global warming” which even the ultra-liberal London Times has denounced:

It’s never ever been about cleaning up the atomosphere or about us making the environment better, Obama’s “handler” Joel Rogers has admitted that cap and trade will NOT stop “pollution,” it will just tax those who emit . . . which is a two-fold lie . . . it will tax all of America and all Americans virtually out of existence while enriching the pockets of almost twenty progressive foundations (such as the Tides Foundations, the Joyce Foundation and numerous shadow foundations funded by these two) while, must we remind you, carbon dioxide is NOT actually a pollutant. Profit for the liberal elite and power for Obama. Here’s the endgame he’s brought in store for us . . . .

People like Al Gore (5th largest owner), Obama, Rogers, Richard Sandor, Maurice Strong, Franklin Raines, George Soros, about a dozen Goldman Sachs people and the Goldman Sachs firm itself (10% owner), Gore’s London-based Generation Investment Management company -- all of these groups through their ownership of CCX (the Chicago Climate eXchange) which with the passage of cap and trade legislation will gain commissions on virtually every single “trade” in what Richard Sandor has admitted will be annually “a $10 TRillion industry.” Since cap and trade produces NOT ONE new product and adds NOT ONE new service for Americans or the world . . . this means that America’s $15 TRillion economy will become a $25 TRillion economy overnight (with no new products or services and thus all prices will rise 67% the ultimate tax on breathing . . . . The time has come to ask not “Who is John Galt?” but rather “Where is John Galt”** because the country needs him NOW.

The most important truth YOU need to get out of this blog is this, The situation is bad, critical, nearing meltdown and yet, NO ONE IS TALKING ABOUT THE MOST IMPORTANT TRUTHS FACING OUR COUNTRY TODAY. On occasion they’ll mention the roughly $14 TRillion national debt now growing by leaps and bounds under Obama . . . but no one is talking about the $110 TRillion in Unfunded obligations^^ the nation faces from Social Security, Medicare and the federal side of Medicaid . . . nor are they mentioning that it’s highly likely that our Unfunded obligations from Welfare and similar entitlement programs could add another 80% to that figure pushing the nation toward total debt and unfunded obligations in excess of $215 TRillion.

In fact, the U.S. congresses and presidents have made a policy of definitely NOT TALKING about these matters since about 1977 when the combinations of building social security obligations, the new welfare state, Lyndon Johnson’s “Great Society” met the new wave of outrageousness with Jimmy Carter’s Community Reinvestment act of 1977 when for the first time the federal government REQUIRED lenders to make knowingly bad loans. The fact that this evil mortgage guarantee program could be expanded four times (’92, twice in ’95 and put on steroids in ’98) while the set-asides since 1934 and 1965 were blithely ignored shows you how corrupt the system was. But in orders of corruption, you ain’t seen nothing yet, baby, because Barack Obama’s now in charge.

Of course, Barack Obama who reportedly was extremely morose during the years 1989-93 when the Berlin Wall fell and the Warsaw Pact nations and U.S.S.R discarded communism . . . now has his opportunity to deliver to the world an utterly bankrupt United States of America and all will end well in the future hee-hee-ho-ha-hee-hee-ho-ha-ha-ha-ha-ha . . . the combination of what progressives have already done to us with their “spread the wealth FDR and LBJ ‘Great Society’ schemes” and what Barack Obama is doing to us, will make disaster concepts like nuclear winter and other contemplated environmental disaster scenarios seem like a day at the beach.

Ya’ll live long, strong and ornery,


$$ and meanwhile our media does not report that the real unemployment rate (a.k.a. the functional unemployment rate has reached 17.6% and with underemployment## we're now talking about 22% of the country facing job problems

##underemployment involves only having part-time work; former managers, etc. now having fulltime McDonalds' jobs and the like

^^ Look at how this played into the hands of the progressive enemy among us (folks like Saul Alinsky author of “Rules for Radicals”; and Richard Cloward and Frances Piven whose Cloward-Piven strategy was employed by them to create the American Welfare Rights Organization, AWRO, in 1967 with a black militant named Wiley to bankrupt the city of New York and just miss bankrupting the entire state of New York by using street intimidation tactics to get eight million new welfare recipients on the rolls by 1969. Cloward and Piven when bragging (orally and in writing) about their “accomplishments” recommended that voter registration and housing be their followers’ next areas of emphasis. The picture of President Clinton signing the Motor Voter Act with both C and P of C-P Strategy standing directly behind him is classic. MVA was called “a license for massive voter fraud” for good reason, now a Ms. Fernandez in the Department of Justice, already infamous for not prosecuting the 2008 New Black Panthers’ voter intimidation case and telling roomfuls of people that the DOJ will NOT prosecute Black defendants in voting cases with White victims, in the same roomful of people has stated that Motor Voter Act laws (weak as they are) so that the dead, the moved away, the duplicate and triplicate and other fraudulent voters carried on the rolls of a city, etc. can not be removed from the rolls. And who has been key in voter registration and in housing abuses? Lawyers like Barack Obama shaking down banks and other lenders forACORN . . . ACORN which gave us at least 18 full-out years warring against the system they hate and getting loans for people without I.D., without wealth or income, without jobs, without credit references, with abysmal credit ratings, people without rental histories, people without even rental addresses, and most important of all, even illegal immigrants. Somehow we’re NOT supposed to tie together the fact that the sub-prime lending crisis was the main ingredient in our poisoned soup?

**actually Rajjpuut would NOT recommend either the Fountainhead or Atlas Shrugged from Ayn Rand but instead “Capitalism the Unknown ideal,” “For the New Intellectual,” “The Virtue of Selfishness,” or for fiction fans the brief novelette “Anthem.”

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