Welcome to Scary Reality.com
Many people will look at this site, rationalize "My life is good, this doesn’t affect me, why should I care? Still have my MTV, BET, ESPN"; impervious to danger, like the Captain of the Titanic steaming full speed toward the iceberg ahead.
Neither you nor I voted for a National Debt of $17.4 trillion ($17,409,111,636,454.46 on Feb. 20, 2014) nor the squandering so far of $11 trillion on interest payments, we are stuck cleaning up this mess.
For an overview listing of the contents-index; and a start of solutions to fix some of our problems plus a questionnaire please follow the links. This made in Washington D.C. mess did not happen overnight, but has been building up over the course of decades.
It seems that our politicians’
are somewhat confused, the reason a large number of us did not vote for Mr.
Romney and the Republicans was because President Obama and the Democrats were
viewed as the lesser of two evils, (that is a sad way to run this country).
As in science, medicine, engineering and even finance there are laws and
there are theories, one law that crosses all spectrums is the Law of Unintended
Consequences: President Clinton could never have foreseen that Monica Lewinsky
would not send her blue dress to the cleaners, but instead leave the stain as a
keepsake. The married Speaker of the House and prosecutor at President Clinton's impeachment trial, Newt Gingrich was
having an affair while airing Ms. Lewinsky’s dirty laundry. After Gingrich, came
the Speaker-designate, Representative Bob Livingston, who announced the
end of his candidacy for Speaker and his resignation
from Congress from the floor of the House after his own marital
Most people did not care, nor did they want to know about the sexual escapades of Clinton or Gingrich or Livingston. It was the Republican hypocrisy, which became known because of the Law of Unintended Consequences that really ticked people off.
President George Washington in his farewell speech warned the people of the dangers of Potentates’; Political Parties & Debt: it is too bad that the people have disregarded/ignored his sound advice!
From 1940 through 1963 the highest tax rate was over 80 percent going as high as 94 percent according to the IRS site on tax rates. That is how World War II & the Korean Wars the Interstate Freeway System our bridges and the infrastructure was paid for.
Unfettered "capitalism" is every bit as dangerous as communism and fascism
Tyranny is legal when tyrants make the rules
equity chief went so far as to publicly thank Ben S. Bernanke, the Federal
Reserve chairman until last month, whose program of extraordinary economic
stimulus has helped push stocks higher, feeding the private equity machine. “Thank you, Ben
Bernanke. I saw him last Thursday, and I thanked him,” Mr. Schwarzman of
Blackstone said during a conference in December. “The opportunity for us to be
able to attract funds is very, very high.”
Stephen A. Schwarzman, the head of the Blackstone Group, took home $452.7 million, also more than double what he made in the previous year.
– The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s
The Federal Reserve Bank (which is not run by the United States government and which came into existence because of the Federal Reserve Act of 1913) is currently engaged in a controversial policy known as quantitative easing, buying $45 billion in Treasuries each month ($540 Billion per year) and $40 billion mortgage-backed securities each month($480 Billion per year) that equals $1,020,000,000,000 ($1.02 trillion).
Lew’s “Extraordinary Measures” on Debt
Just “Cooking the Books”
Morgan BrittanyAug 19, 2013 Town Hall Finance.com
If I ran my finances like the Federal
government I would either be bankrupt or in jail. It never ceases to amaze
me how creatively corrupt these people are.
A little known story that got absolutely no coverage from the mainstream media surfaced last week about the reports from the Treasury Department’s Financial Management Service. The FMS reports both the Daily Treasury Statement and the Monthly Treasury Statement. According to these reports the federal deficit rose by $98 billion dollars in July, but somehow the federal government’s debt remained exactly the same at $16,699,396,000,000 for the whole month.
Hmmm…how does that happen? Well, it seems that Treasury Secretary, Jack Lew got a bit creative and magically decided to stop the addition of more debt from showing up in the reports. Wow, don’t we all wish we could do that? Let’s say at the beginning of the month our bank balance was $3000. Throughout the month we spend money, write checks, go out to dinner, and then magically at the end of the month our bank balance is exactly the same as when we started! $3000! Sounds good until you realize that the only way to achieve that is to “cook the books”.
When you delve deeper into what the Treasury Department did, you see that there is a magic number of $16,699,421,000,000 to reach the debt limit set in a law passed by Congress and signed by the King himself. Isn’t it odd that the number reached when the clock stopped ticking was about $25 million below the limit?
If the clock had continued to click, by the end of July it would have gone over the legal debt limit and would have been in violation of the law. However, according to the Monthly Treasury Statement for July, even though money was spent, their reports didn’t show a change in the debt by even one penny. Isn’t that the definition of “cooking the books”?
When it became apparent that the debt was going to exceed the limit, Jack Lew sent a “cover my behind” letter to Speaker John Boehner explaining that he was going to take “extraordinary measures” to prevent the Treasury from exceeding the legal limit on the Federal debt. This massaging of the numbers has been going on for months now. Why doesn’t Boehner ask any questions and why does he let Lew and this administration get away with manipulating the numbers?
This is just another way to circumvent Congress. Lew knows that he doesn’t have to explain anything, he just does it. There will be no pushback from Boehner or Congress. To them, this type of juggling figures is perfectly normal. So Lew says that these “extraordinary measures” will provide another $260 billion to give them headroom, but who knows if that hasn’t been spent already?
Do they really think we won’t notice that the clock stopped ticking? Well, some of us anyway. If this is their MO, “cooking the books” and manipulating the numbers at their whim, how much is the debt really?
Let’s just call it what it is. It is a blatant lie to the American people about how much trouble we are in. They can play these games for awhile, but sooner or later this whole thing is going to implode.
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison
An internal Goldman memo suggested that speculation by investors accounted for about a third of the price of a barrel of oil. A commissioner at the Commodity Futures Trading Commission, the federal regulator, subsequently used that estimate to calculate that speculation added about $10 per fill-up for the average American driver. Other experts have put the total, combined cost at $200 billion a year.
The Federal Reserve Bank & The Knife in Your Back
Our elected officials appear to prefer serving the Industrial Spy Complex, Special Interest Banks, Insurance Companies and Hedge Fund Gamblers instead of We The People. Decide to get involved, call your legislative representatives let them know how you feel about $11 trillion squandered so far for interest on our children’s $17.3 trillion National Debt; to repair this mess your involvment is needed; it is your country! Do not expect them to listen right away, you will have to call them again and again, might want to enlist friends and family; Special Interest groups have been wining and dining some of “our” elected officials’ for decades.
Why were the banks allowed to raid the FDIC?
Because that is where the money was.
YOUR ACTION NEEDED:
Contact your elected representatives in Washington DC and tell them to get over their party differences and get to a solution NOW. Let them know you are disappointed that $11 trillion has been squandered so far paying interest on the $17.4 trillion National Debt.
Here is a list of contact information Address & Phone Numbers
The links to The Affordable Care Act (Obamacare) and RFID
that were at the bottom of this page have been moved to the link
If you have questions may this site help some in your search for answers.