|
Boycott Treasuries
Ed Henry
Etherzone
Tuesday April 10, 2007
Are you tired of George’s craziness? Do you want to bring
our troops home? Are we going bankrupt under this crusade to nowhere?
Don’t we have enough troubles here at home without going across
the world to find more? Do you want to put an end to it? It’s
up to you, no one else.
The federal government, all of the nitwits that got us into this
mess, cannot operate without money. The government is a not-for-profit
organization completely dependent upon taxes, your money. Want to
bring it all to a screeching halt? Stop giving money to them. It’s
that easy.
You can’t stop your employer from taking income taxes out
of your paycheck unless you declare sixteen dependents and probably
get Social Security cards for your pets. But you can stop loaning
them money.
The federal government is desperate to borrow more money than they
get in taxes. They are too chicken to raise taxes, too afraid to
do it honestly, so they’ll plunge us into more debt than we
can handle and steal our Social Security supplemental retirement
and health care money. This should be obvious to everyone in the
world by now, our enemies included.
By the middle of May, the federal government will crash headlong
into the congressionally authorized debt limit established in March
of 2006, the cap on borrowing. This provides you and me and the
democrats with a unique opportunity to do something about fiscal
responsibility.
What’s the first thing any financial advisor will do for
a client who has maxed out his credit? He or she will take away
the borrowholic’s credit cards. Make it impossible for him
to borrow. Know when to fold. That’s what we need.
Let’s take it from the top.
When Henry Paulson, Secretary of the Treasury, begins harping on
Congress to raise the national debt ceiling, the democrats will
have the unique opportunity to do exactly what the republicans did
to them in the latter months of 1995 – refuse to raise the
debt limit.
Recall the time when Newt Gingrich had a “contract with America”
in his pocket and he and Bob Dole stood before the nation claiming
they would “bankrupt” the country unless the democrats
agreed to balance the budget. Without the ability to borrow, the
government was shut down for almost two months. “Nonessential”
employees were sent home until the democrats caved in. November
17,1997, we got a “Balanced Budget Act” that set the
year 2003 as the time the government would be able to limit spending
to tax receipts.
This all blew away in the dust of 9/11, but the principle is still
there. It’s time for the democrats to rise up and do the same
to Bush.
At the very least, the democrats should be able to walk away with
a deadline for withdrawing our troops from Iraq, maybe even a more
immediate date.
Don’t count on it. In my opinion, the democrats are a bunch
of mealy-mouthed wimps that deal in things like “nonbinding
resolutions.” It’s highly questionable they have the
guts to stand up to the neocons or take the heat that would descend
upon them.
That leaves it up to you and me. Here’s what we must do.
Most Americans probably do not realize how much money they are
loaning to our crooked government. They just hand money to their
investment and retirement managers IRA, or 401(k) managers. In turn,
these individuals and organizations invest it for them, often in
U.S. Treasuries because they consider them the “safest investment
in the world.”
Well, the only reason these securities were ever considered the
safest investment in the world was because they are backed by every
taxpaying citizen in the United States. In other words, every Treasury
bond, note, bill, or savings bond Americans buy not only loans money
to the government but puts their friends and neighbors deeper in
debt.
If it doesn’t bother you to put your fellow man further on
the hook just so you can make a few points in interest, then maybe
you will act to stop a bunch of madmen from running the country
into the ground financially.
All you have to do is tell your investors that you don’t
want any U.S. Treasury securities purchased with your money. Organize
your fellow workers to do the same. Without the ability to borrow
money from you, the government is in big trouble.
Better yet, you could tell your investors to sell off all of the
Treasury securities they’re now holding. These securities
are negotiable at any time. All you lose is a little interest, but
you can invest the money elsewhere – and you’ll save
your country by stopping George W. Bush in his tracks.
Japan and China, our two largest creditors, plus more than 30 other
nations have already “come off” the dollar. They are
no longer picking up U.S. Treasuries as an investment. They are
not loaning us more money.
In fact, these two countries are being nice about it and not yet
cashing in their holdings, an act that would bankrupt us overnight.
Since Bush took office, these countries have gone from buying treasuries
to support their sales, to viewing these holdings as a form of welfare,
and finally, to feeling sorry for or pitying the American people.
They know what kind of financial trouble we’re in.
With foreign lenders coming off the dollar, the government expects
its own citizens to pick up the slack and loan them the money they
need to conduct invasions and occupations, to bring murder, mayhem,
and misery to the world Bush wants to rule. You can stop him. Invest
somewhere else. Don’t loan Bush money.
Dump your treasuries.
INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
|
