Mid-Term Elections:10 Things I Run On...but won't see

   The media airwaves are full of political campaign ads. They mostly inform you of how bad the opposing candidate, party or resolution and or, how in these tough economic times they would create jobs, cut spending, promote clean energy and will work for you, the constituency.
   First of all, no one can create jobs. Candidates or resolutions can enact legislation or policy that would enhance opportunities in certain fields. To cut taxes for companies or individuals does not translate into hiring. If someone talks clean energy, but does not back made in America, all they are doing is exporting our stimulus to foreign shores like China. Finally, just two years ago, these same media ads stated the same issues and what have we got - the same status quo. President Obama is a failure. I voted for him because he campaigned on ending the two wars, endorsed the concept of first payer, would make the financial industry accountable, endorse transparency, especially with derivatives among other promises. The only thing that he did that I agreed with is the Ledbetter Act for fair wages between men and women. He is a Democrat in a Republican coat. He has made things worse with exploding debt, a status quo health plan, continuing the war policy and the present crisis with mortgage foreclosure reveal how poor his legislation deals with the broken financial industry who disregard rules and regulations at taxpayer's expense for their profit. This is NO CHANGE. It is in this light that I present 10 concepts if I were running for office.
 * I would endorse a resolution to repeal the Taft-Hartley Act of 1947. This mockery destroyed the labor movement and don't BS me about greedy unions when CEO pay in relationship to labor was 44 to 1 in 1980 and in 2010 it is 344 to 1. People cannot afford cars, homes because labor does not make a living wage. The pendulum is so far to the right that producers are finally afraid as their brand name originally built with union labor, was outsourced to foreign soil, is now under threat.
*  I would call for the end of the two Wars, close almost all foreign bases, re-institute the draft and disband TSA, border guards and similar agencies. In their place I would put the returning military people to protect our airports, borders and ports of call. This one act would eliminate one-half trillion dollars from the budget. In fact, it would lead to a balance budget even without other cuts.
*  In a related field I would extend the budget of the FDA. This agency can only inspect 1% of all incoming containers. This is ridiculous and dangerous. Under this expansion I would also place troops to inspect cargo. I would demand RFID tags for accountability. Follow this small list and understand the impact with fake, dangerous illegal items of contraband. In 2009 there was seized over $11 million in illegal drugs, over $4.3 million in electrical items, over $3.2 million in tech components, over $3.7 million in phony perfume and  over $2.9 million in fake sunglasses. Keep in mind that we only inspect 1%. Imagine if we did real inspections. These numbers would explode and the by-product would be the protection of jobs.
*  Endorse a resolution to reevaluate all passed pork barrel legislation and thus end bridges to nowhere, studies for idiots, etc.
*  In a related act I would endorse a resolution that stated that any originator of any legislation has the power to veto any riders, amendments or additions to his act. Did you know that under the health plan is section 9006 of the Patient Protection and Affordable Care Act. It tracks gold purchases and sales which opens the door to tax or confiscate your gold in any form. Enough B.S. and deceit!
*  A bill to terminate the Federal Reserve. Did you know that they are creating debt by printing dollars to buy Treasury debt because no one will purchase our long term debt because of fear that we will default. And while we are waiting for that dreaded day, we suffer with the loss of purchasing power in the dollar or inflation. 
*  Educate the public about the lie of the Chinese economy. For example, when Ford built its third auto plant in China worth $500 million and Honda opened a motorcycle plant valued the same, the Chinese say their economy grew at $1 billion dollars and this is not true. Say, you have a store and you lease space to a jewelery stand who pays you rent. Maybe more people will enter your store, however if they don't buy from you did your economy grow? You cannot include the jewelery stands income as yours, only the rent, but the Chinese include everything and this is fraud.
*  I would endorse a resolution to exit the WTO. The Founding Fathers said make no entanglements and this along with NAFTA and CAFTA are why we suffer from SHAFTA!
*  I would endorse a resolution to form a national committee that would take the place of the Fed. They would answer to Congress to establish the national interest rate which would be set once a year and this group would have equal amount of workers to producers and only one banker.
*  In a related resolution I would draft a call to return to the gold standard. If we had a gold standard we could place tariffs on all imported fiat items for the difference between gold and their fiat currency. We should have done this in the past and we would never be in the position that we find ourselves today. A by-product of this act would be the natural protection of our jobs and economy. Keep in mind that in anything that is passed must contain the clause to buy made in America whenever possible and don't let me get started on the Supreme Court, but then again, it is covered in my book, " The Evolution of Democracy."

He who controls the money...makes the rules

   Thursday ended the month of September and the third quarter in the economic calendar. The stock market had its best fall month since 1939. The stats all indicated that the recession was over and although admittedly slow, the economy is back on the positive track. Gee, they admitted that the economy grew less then expected. Why? Because these same gurus said that the economy would grow at a 3.6% clip by this period last year and it grew at only a 1.6% snail pace. You see, at 1.6% growth rate, the economy is actually getting worse in terms of unemployment due to school grads entering the market place, immigration, both legal and illegal and the continuing practice of out-sourcing of jobs.
Their Facts versus Mine
   Last week the National Bureau of Economic Research said that the recession was over and it ended in 2009. However, the census bureau reported that 43.9 million Americans are now living in poverty. This is more than the combined populations of Canada and Austria. Another government report stated that personal income grew in August at 0.5 percent. Do you know anyone who got a pay increase? Talk about the 6-degrees of separation. Well, according to this report part of the increase is due to the emergency extention of unemployment benefits. I guess if your unemployment ran out and you have no money, but miraculously you get an extention and now, you have money - well then, that is a pay increase. Again, those who create the money control the rules. Nevertheless, by my stats two more banks failed Friday which brings the total to 129 for the year. Failing banks will soon pass the 140 that was recorded last year which was the worse year since 1992. Yeah, we are on the positive track according to the rule makers. I wonder if they considered the survey by the National Inflation Association(NIA)which concluded that 77% of Americans are living paycheck-to-paycheck or the fact that August broke the record for foreclosures which it set earlier in the year. By the way home prices have fallen year-over-year and for eight straight quarters according to the FHA(Federal Housing Agency). Another government stat states that consumer spending increased in August because again, personal income grew in August. Isn't it amazing that consumer spending on gasoline and food is included in stats for consumer spending and yet, according to the CPI(Consumer Price Index)food and energy are NOT included which is why inflation is subdued, nada, zipo! He who controls the money makes the rules...except this game is corrupt.   

EXCLUSIVE: The China Economic Miracle...is nothing but Fraud

   There are ponzi schemes, manipulation and then, there is China. Picture this scenario. Everyone you meet and know lends you money to start a small business. The business would be yours, however you owe the investors for whatever percentage of their piece of your pie. Now, place this business in China. In fact, to be more factual let us imagine a new mall called the "Global Mall." In this mall would be companies from the global community. For instance, we will have a Mercedes show-room, a Sony electronics store, an Apple IPad outlet, a French wine outlet and a Dell computer retail store. Do you get the picture? Now, according to the Chinese Premier Wen Jiabao last Monday at an economic forum in Tianjin, China, these are all Chinese companies. These are his words and law of the land, "Any company registered in China according to Chinese law is considered a Chinese company. The products they produce are all Chinese-made. The innovative products they develop are all Chinese innovations. Foreign companies registered within China's borders all enjoy national treatment." This treatment steals patents and expertise like the Chairman Jurgen Hambrecht of BASF of Germany says,"They forced disclosure of know-how," or the foreign minister of Japan, Katsuya Okada who said,"Foreign companies have faced problems in China that are unthinkable in a normal business environment." Today, Ford signed a contract to open their third auto plant in China estimated at $500 million. Tomorrow, China will say that they added another $500 million to their economic growth. Now, do you get the picture? 

Lip service for your vote or new hope...

Recently our Secretary of Treasury and our President have been pointing the finger at China for currency manipulation as to why our economic recovery is not generating the desired results. Maybe they have been tapping into my blog, maybe they knew all along, maybe a think tank passed along to them the thinking of real citizens because anyone making $250,000 per year is not middle class, but wealthy. In four years that salary achieves millionaire status and in ten, multi-millionaire levels. Maybe they are trying to influence independents to get their vote in November. Maybe this, maybe that, whatever it is it comes down to this: actions speak louder than words. When I see tariffs on China and other currency manipulators, that will be the day when our deficits shrinks, jobs will be on the horizon and the dormant state of social mobility will awaken.

The Lie of the Fed...is the same for all Central Bankers

   All these G-7, G-8, G-20 etc. meetings show the effects of central bankers in the international market. Their corruption forms a limited conspiracy. This is the latest from European Central Bankers. A member of the Euro community. Ireland is also in financial dire condition. One of their largest banks, the Anglo-Irish Bank is basically insolvent. The central bankers of Europe have loaned the bank $29 billion Euros to stay solvent. Ireland, itself is already under austerity mode from the larest financial crisis. Now, this is the fraud and they openly spin it like it is a legit business practice. The IMF, the international banking group and the ECM have stated that it is okay to consider this bank with two divisions. The one side that is backed by the government is insolvent and the public side is solvent. This prevents runs on the bank, but check this out. All involved agencies will allow Ireland not to count this loan to this insolvent bank against their new austerity program. They make the rules as they go which it in itself is phony and the corruption is beyond repair.

Exposing the Thief...the Lie of the Federal Reserve

   Economist describe inflation as the silent thief. It is not seen only felt. In my life I had a Kodak moment

within the darkroom of my mind. It gave me the picture. For you, today, it will help you ascertain the truth

about gold and fiat money in correlation to the Federal Reserve.

   Back in 1971, I worked the graveyard shift at a Hess Station in New Rochelle, New York while attending

college during the day. The price for regular gas was .31 cents per gallon and high-test which were 101

octanes went for .34 cents per gallon.

   The price never changed until October of 1973 when the Organization of the Petroleum Exporting

Countries put an embargo on oil exports. The purpose was dual. One, to punish the US and other Western

nations for their support of Israel during the Yom Kipper War. This was the fourth Arab-Israeli War. The

other reason was not widely known. It was to capture the lost revenues due to inflation caused by the excess

printing of dollars by the Fed. This printing by the Fed eroded the value of the dollar.

   The impact was immediate. The price for a barrel of oil on the exchange quadrupled. At the pump the price

for regular gas rose to .61 cents per gallon and high-test went for .68 cents per gallon. There were many

days when service stations had no gasoline. Commerce was disrupted and conflicts surfaced everywhere.

The Macroeconomic Effect 

   There were a number of tactics employed by government to limit the oil embargo. Odd-Even was

introduced at service stations. This meant that if your license plate ended with an odd number you could only

purchase gasoline on odd numbered days. It worked the same way foe even numbered plates. Keep in mind,

that today, if you have a vanity plate, you may want to rethink its usefulness. There will be another shortage

or other disruptive oil event during our lifetime.

   My light bulb registered on the price of gasoline. How could it double in one day? I began to study the

market with a cause and effect mentality. One aspect kept returning - gold.

Viet Nam and the Great Society

   President Nixon ended the convertibility of the US dollar to gold in 1971. By this act the Bretton Woods

system of currency agreements was terminated. He did this to stop the outflow of gold to foreign nations who

wanted gold for US paper dollars. Switzerland redeemed $50 million. France took over $190 million. Global

nations were feeling the thief and they knew gold held its value. It took seven years of deficit spending and

the excess printing of dollars by the Fed from 1964 to reflect the affects of the silent thief in 1971.

   Prior to the military conflict in Southeast Asia, candy bars were a nickel-a-piece. You could purchase a

new Mustang for $1999. A Volkswagen Bug cost only $1600. I could go on-and-on with price examples,

but the bottom line is the purchasing power of the dollar. Correlate this to a labor report from the

Occupational Employment Statistics in 2009 shows that the US medium salary was $32,390 and it buys

what the medium salary of $7,500 bought in 1971. Wages have been stagnant for 40 years! It is basic

economics. More supply lowers the price and less supply raises the price. The excess printing of dollars

lowers its value along with deficit spending and nothing other than faith in the currency is soon tested.

   I began to study the price of gold. In 1971, it increased from $35 dollars per ounce to $38. In 1973, it

doubled to $97 dollars per ounce and the ratio of gold-to-silver began to widen from 20 in 1970 to 38 in

1973.

Unrecognized Genius

   There was one voice who opposed our fiat currency and deficit spending policy. As early as 1950, Walter

Spahr sounded the alarm. He was shouted down by the screened pundits of his day. His work, "Our

Irredeemable Currency System" stated that a fiat currency and deficit spending would end in ruin. He

reminded the powers-to-be that the convertibility of dollars for gold by our citizens established the right of

our citizens to express their disapproval of the fiat system. Redeem ability was our vote. This is the heart of

the gold issue. Gold is more than an investment. Gold is money. The Federal Reserve, Wall Street and the

banking industry have gotten us off the gold standard which is in violation of the constitution and they plan to

keep it that way. Consider what they learn in basic banking from one of their pioneers, Mayer Rothschild

who in 1836 said, "Give me control of a nations' money, and I care not who makes the law."

    The pundits of today are screened for their viewpoint between the gold standard and our fiat currency.

This is why you only hear that gold is volatile and it is not a good investment. Wall Street reminds you that

gold does not pay dividends and cost you to store it. This is true because they(three amigos)fight the concept

of gold and through their lobbying, pass laws against gold. Banks will not tender or exchange it and they will

charge you to store it. However, gold is written into our constitution because the Founding Fathers knew it

would provide a strong currency and that in turn would promote the general welfare. Keep in mind what a

one dollar gold coin can purchase today and compare that to a one dollar piece of paper. Debate over!

   Gold is the fighting meme for our citizens against the tyranny of the three amigos. The Federal Reserve,

Wall Street and the banking industry. The internet is our town crier. It informs, educates and motivates all of

us. It is through this form of communication that our government leaders may get the courage to end this fiat

currency and wasteful deficit spending, and terminate the Fed. If not, we can find real leaders amongst us

who will carry the ball for real change. A change back to the principles of the Founding Fathers and written

into the constitution. JFL.

The Economy of Thought: the First Step to our Recovery

   The biggest lie that we as citizens have to endure is politicians in office proclaiming free trade policies or those running for office with a plan to create jobs, but they never reveal it. Everyone talks in vague generalities, trying to hit a catch phrase that makes them stand out, create hope and stay in office. It is all manipulation! The truth reveals itself in facts and history. Let us turn to that page in history. It is the beginning of the demise of the individual, social mobility and the American dream.
   If, as an employed citizen, you cannot provide for yourself enough wages to cover the necessary costs of living which are: shelter, food, energy, transportation and are able to put a little aside for future needs, then you do not have suitable employment. A household with two incomes should have ample monetary needs to live and pursue the American dream. Then, why are 43% of households with two incomes marred in debt? Why are 25% of the new homes built from 2002 lie vacant or in some form of foreclosure?
   Politicians promise that they have the secret for new, high paying, hi-tech jobs with cliches like cut spending, lower taxes, etc. I got your hi-tech job right here,"Would you like fries with that?"
   How did a growing economy with full employment after WW11 begin to falter and shrink by the late 50s? We got a haircut to our economy from government policies that catered to the military and the banking industry.
   After WW11, we initiated  the Marshall Plan for Europe to rebuild those countries economically. It was sold to us as a defense against Communism. I believe it was the humane thing to do. The result was a continent that was able to rebuild quickly on exports. We helped by importing, subsidizing and investing in Europe. The Bretton Woods agreement gave the global community our dollar for central support. They soon wanted our gold after the spectrum of Communism dissipated, but that is another article.
   Our military complex jumped on the "Red" scare to keep the war drums rolling. You cannot go from a one star general to three without a war.
   As a result, the Korean War acted as a stimulus for Japan, Taiwan and South Korea. These nations spurred their economy with exports. Again, we acted as the buyer.
   All this buying by us affected our economy. Not only did we begin the era of deficit spending, but small manufacturing could not compete with low-cost, subsidized foreign products. This was our first haircut. Opponents to deficit spending were shouted down by new screened economist who stated that future growth would cover the costs to these deficits. These people are placed in positions of authority by the banking industry, lobbyists and Wall Street. The military complex became entrenched by President Johnson when he hid military expenses from the budget. President Eisenhower tried to warn us, but the damage to the American psyche had already been done.
   At this point in time, Wall Street, the banking industry and the Federal Reserve began to exert themselves behind closed doors. Through their influence both the media and our educational system blamed unions and their greedy demands for the demise in jobs.
   All you heard about was crime which pitted one-against-another in our society. Think, WEST SIDE STORY. Psychologist and sociologist jumped on the band wagon. Terms were introduced like "white flight." People with secure jobs moved to new affluent areas in the suburbs with new educational facilities as opposed to the old buildings in decaying neighborhoods in the city. It is happening again. Check out a recent article in 24/7 Wall St. entitled, America's 10 Dying Cities: From Detroit to New Orleans. All of the above is true except the most important concept about jobs - the lie of free trade. 
 The public was swayed against unions, while at the same time, the three amigos plotted to move jobs from the Midwest and North to the West and South. They started with the textile industry and once successful, the domino effect soon began.
   Owners of production were refinanced by Wall Street to move factories to defeat union labor. Wall Street and banking found local governments that granted tax relief in exchange for factories. They enacted legislation to help with zoning and infrastructure.
   Time moves along and even Sunbelt communities suffer from inflation. When workers sought higher wages, the three amigos found a new source. Outsource the factory to Taiwan, Mexico, and today, to China.
   Today, the greedy, foolish owners of production face a new dilemma - extinction. This is our opening. This is our opportunity.
   The producers of products in our economy have finally seen the end result of outsourcing of jobs. It wasn't all that hard, but these people are dense. GM went from over 53% of market share in the 60s to hanging on a thin thread today. Why? Stupid concepts like planned obsolescence to spur sales, however market share was lost to brand names like Toyota, Mercedes and Honda. These things take time, but foreign companies understand time and market share. Today, China is developing brand names along with producing outsourced products for American companies. The owners now fear that they could be out of business in the near future unless they receive some kind of domestic protection. This is the opening that American workers need to recapture lost jobs. The following is a list of Chinese companies seeking to establish brand name and thus, kill more American jobs and industries: Lenovo - computers, Haier Group - household appliances, Geely Automobile, Air China, Tsingtao Brewery, Baidu - search engine, Li Ning - shoes, Suning Appliance - Best Buy of China and Huawei Technologies - telecom hardware.
   When you put this little piece of the puzzle into the big picture, almost every facet of American industry is under attack and keep in mind these foreign companies get help from their government to succeed. We need to protect ourselves before it is too late and so we continue our history lesson.
   For example, when the first modern textile plants were established in New England or the factory plant in the Midwest, the workers at these locations helped sponsor the product. The local area knew the importance of their local plant to their local economy. They pushed their brand name product. Once the name became established, the owner of the plant no longer needed the local sponsorship or even the workers. The result was to move the plant. The town received nothing like when Shaq left the Magic for the Lakers. Shaq had the name like the product and the town got nothing like Orlando.
   Of course this is wrong for the NBA and us as citizens. I have the answer for us as citizens. We need to establish an Economy of Thought. What is that? I'll explain.
   The lie of free trade says that open markets will allow the best product based on value and price to succeed. The lie is the free trade part. There is only free trade in the US. All countries help their companies succeed through legislation, protective tariffs and currency manipulation among other techniques. Did any global nations buy our Mustangs or mini-vans? Do you know how much one pink grapefruit costs in Japan? Eight dollars. Yeah, like they are gonna buy a half dozen at those prices. Foreign citizens understand that to buy American is a luxury and by buying American you will hurt jobs within your nation. They understand the economy of thought. We need to instill this concept at home as we add some protective measures.
   We need to balance our economy from one that imports twice as much as it exports to an equal import/export ratio. The only way that we can do this is by tariffs. Tariffs on imports will protect jobs by protecting industries. This means we must exit the WTO who will oppose us. This also reveals the secret of these entanglements. Who is sovereign the WTO or our government? By the way our Founding Fathers opposed any treaties or entanglements like the WTO.
   Let's face the facts. We can't protect everything. What is done is spilled milk. However, we can address certain industries that affect many others.
   The most important aspects of life are not covered by the governments CPI(Consumer Price Index), however we have to have food and energy to live.
   This is where we start. Tariffs on imported food and energy which includes transportation which means the automobile industry. The auto industry affects many other facets of our economy to make it strong.
   Tariffs will shrink the deficit, protect vital industries, create quality jobs and provide a roadmap for the future. The government needs to sponsor alternative energy, especially wind and solar. This sponsorship has to include made in America for any and all government involvement.
   As stated earlier there is no such thing as free trade. Every nation stands behind and is in partnership with their exporting company. We need to aid our nation and it begins with the individual. He is disenfranchized. No one speaks out for him or her and protectionism is the first brick that needs to be placed in the road of freedom to the tree of democracy.