Election 2012: The Illusion Of Choice, The Reality Of Fraud

For those waiting for our economic problems to be solved, you can quit holding your breath. 

There is simply not going to be a solution to our economic problems on the national level. 

So why is that the case?  Well, it is because the economic policies of both major political parties are very, very similar when you take a close look at them. 

Yes, that statement may sound downright bizarre to many Americans, but it is true. 

Both major political parties supported the Wall Street bailouts, both of them fully support the job-killing “free trade” globalization agenda, both of them have dramatically increased the national debt when in power, both of them fully support the currency-killing policies of the Federal Reserve, and neither major political party would get rid of the income tax and the IRS. 

And that is just for starters.

What do these two men support and what do they oppose?

Both Mitt Romney and Barack Obama support, as their voting record and public statements show, the following policies:

1. Bailouts, ‘too big to fail’ concept, stimulus packages, quantitative easing and deficit spending.

2. Sending troops to protect others borders and sending our money to foreign dictators.

3. Interventionist foreign policy from Bush era.

4. Federal restrictions on gun ownership.

5. Patriot Act.

6. Spying on American citizens without warrants.

7. Indefinite detention of American citizens without charge, trial or lawyer.

8. Assassinations of American citizens or anyone else without due process.

9. Socialized Healthcare

Both Mitt Romney and Barack Obama oppose, as their voting record and public statements show, the following policies:

1. Balancing the budget in less than 30 years.

2. Paying down the national debt.

3. States rights to make their own laws.

4. Sound fiscal and monetary policies.

5. A policy of non-interventionism.

6. Freedom to choose by entrepreneurs and consumers.

What we desperately need on the national level is a fundamental change in direction when it comes to economic policy, but we simply are not going to get that from either the Democrats or the Republicans. 

That means that there is no hope that the economic storm that is coming will be averted.

So why are the Democrats and the Republicans so similar on these issues?  Well, a big reason is because of who they are trying to please.

The reality of the matter is that most politicians do not really care about what you or I have to say.  Instead, what they are really concerned about is getting as much money for their campaigns as possible so that they can keep getting elected.

When you take a close look at the results of federal elections over the past several decades, it quickly becomes apparent that the candidate that raises the most money almost always wins.

So most politicians have learned to please those that fund their campaigns so that the money will keep rolling in.

Yes, there are a few candidates that are willing to rebel against “the system”, but they are few and far between and the major parties tend to marginalize them.

Once again in 2012, political races will overwhelmingly be won by those that raise the most cash.  The following is from Politifact….

In congressional races in 2010, the candidate who spent the most won 85 percent of the House races and 83 percent of the Senate races, according to the Center for Responsive Politics. That’s a large percentage, but it’s lower than what the sign indicated.

Indeed, the percentage for 2010 was lower than it had been in recent election cycles. The center found that in 2008, the biggest spenders won 93 percent of House races and 86 percent of Senate races. In 2006, the top spenders won 94 percent of House races and 73 percent of Senate races. And in 2004, 98 percent of House seats went to candidates who spent the most, as did 88 percent of Senate seats.

Once you understand how Washington works, it becomes easier to understand why our politicians do such stupid things.

The unlimited plentifulness reinforced the illusion of the American Dream and that alone blinded roughly 99% of the population.

It was due to the rise of people like Ron Paul and his grassroots movement composed by genuinely concerned people that the 99% shrank to 95% or so.

By changing the rules on how delegates are chosen, the Republican Party has assured its establishment core that never again will a grassroots movement challenge the election of a candidate that does not accept the imposition of the Party’s official platform.

Right now, the United States is suffering from two incurable problems: National Debt and Federal Deficits.

Although they are separate issues, they are indeed interconnected. The debt is created as the Federal Government is unable to keep its spending in check and limited to the production of the country.

This creates a need for borrowing money from the FED or China or whoever is crazy — or smart — enough to lend the US. The national debt is the sum of all debt owed by the US Federal Government including borrowed money and the interests it has to pay on it.

The deficit on the other hand, is the difference between the budget the US has and what it actually spends in a specific year. So, for example, if in 2012 the US had a budget of $ 100 but spent $130, the deficit for 2012 would be of $30.

Since the US has no way of paying the $30 difference, it puts the $30 as debt to be paid in the long-term; say 50 years.

During that time, the US as whole — its citizens — will have to pay interests on that debt, while the original $30 remains unpaid.

Because the original debt goes unpaid for decades, it continues to accrue interests over interests, which then become impossible to pay as well.

The problem is that the deficit is not as little as $30 and therefore the debt is not small either, so the interests have been exploding over the past century or so.

Today, the US National Debt sits at $ 16,001,431,267,262.98. With an estimated population of 313,431,758 in the US, each citizen’s share of this debt is $51,052.36.

Got some spare change? Don’t worry, because this is not your debt. It is the debt generated by the out-of-control Federal Government that illegally mortgaged the lives of generation after generation to pay for its limitless bribery schemes such as Social Security, Medicare and Medicaid; to finance wars in the Middle East and everywhere else in the world, as well as to give bailouts to American and European banks.

Although you didn’t exactly approve of the creation of this debt, you did indeed enable the crime of indebtedness if you supported either political party  and voted for any of their corporate creations such as Jimmy Carter, Ronald Reagan, George Bush Sr., Bill Clinton, George Bush Jr., and Barack Obama.

So yes, you have been an instrument to the crime; knowingly or not. Also, please realize that the debt will continue to grow as it has always have. For the period of 2007 through 2012, the US National Debt grew $3.88 billion per day. (conservative estimate).

Please see the graph below for a historical perspective on US debt since 1940 until 2011:

That is how the US Federal Government intends to run the debt up to $20 trillion by 2016 and $70 trillion in the years after that. It doesn’t matter whether Obama is re-elected or Romney takes his place. Business will continue as usual.

That is what I mean when I say Americans are seen as uneducated, gullible people. The system used by the corporate-owned US government is an example of what we call today a Ponzi scheme.

That is how the US Federal Government intends to run the debt up to $20 trillion by 2016 and $70 trillion in the years after that. It doesn’t matter whether Obama is re-elected or Romney takes his place. Business will continue as usual.

Although some economists would like to continue enjoying the benefits of the illusion, by continue to borrow to fund government liabilities and social programs, the truth is that the limit on how much the US can borrow is rapidly approaching its end.

Why? Because in order for this Ponzi scheme to work, there have to be crazy investors who agree to bailing out the US every time it raises its debt ceiling. If the investors slow down or stop the flow of cash, Ponzi scheme collapses.

That is where we are today.

So why don’t our politicians support living within our means?

Well, the truth is that if the federal government balanced the budget today, it would result in a catastrophic drop in living standards inside the United States.  We are currently living in an era of debt-fueled “false prosperity”, and if that false prosperity were to disappear there would be riots in the streets of our major cities within months.

It is much easier for our politicians to continue to pile up more debt and to continue to kick the can down the road.

But this party cannot go on too much longer.  Already, the United States has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain.

As you can see from the chart below, we are in a whole lot of trouble….

Our foolishness will catch up to us in a big way eventually.

Another area where the two major political parties agree is that they both fully support the Federal Reserve.

The Federal Reserve is supposed to keep inflation low, but the truth is that the Fed has absolutely killed the value of the U.S. dollar.  Just check out the chart below which was produced by the Fed itself.  It shows how dramatically the purchasing power of the U.S. dollar has declined over the years….

Keep in mind that the chart above is using official government numbers which actually downplay how much the U.S. dollar has been debased.

If inflation was measured the exact same way that it was back in 1980, the annual rate of inflation would be more than 10 percent right now.

By any measure, the Federal Reserve has been a colossal failure for the American people.  Since the Fed was created, our currency has lost more than 95 percent of its value and our national debt has gotten more than 5000 times larger.

The current Federal Reserve Chairman, Ben Bernanke, has a track record of failure that is legendary.  If you doubt this, just read this article, this articleand this article.

But Barack Obama just loves Bernanke.  He nominated him for another term as Fed Chairman and he never criticizes anything that he does.

Thanks Obama.

So will things be any different under Mitt Romney?

Of course not.

During one Republican debate, Mitt Romney actually had the gall to try to explain to all of us why “we need to have a Fed“.

Mitt Romney says that he is “not going to take my effort and focus on the Federal Reserve“.

But the Federal Reserve is at the very heart of our economic problems.

Doesn’t Mitt Romney understand that?

The mainstream media is already telling us not to expect any significant changes at the Fed if Romney wins.  A recent Reuters article had the following headline….

“Analysis: A Romney win would likely change little at Federal Reserve“

Are you starting to understand why I am saying that there is not going to be a solution to our economic problems at the national level?

A great economic cataclysm is coming, and there is very little hope that it can be averted.

So what does that mean?

It means that we all need to start preparing to weather the coming storm on an individual level.

The nation as a whole may not change course, but as individuals and as families we can change course.

All of us can work to reduce our expenses, get out of debt, build up a six month financial cushion, learn to grow a garden and slowly become more independent of the system.

Both political parties are leading us down a road that will only end in economic disaster.

Instead of waiting for a “national solution” that is never going to come, you need to focus on being your own solution.

Time is short, so you better get ready.

Related Article:  FRONTLINE – “The Choice 2012″ Obama/Romney Beyond Headlines, A Journey Into Their Worlds Video, /election-2012/2012/10/frontline-the-choice-2012-obamaromney-beyond-headlines-a-journey-into-their-worlds-video-2445644.html