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Gary's avatar

"𝘈𝘮𝘦𝘳 𝘎𝘩𝘢𝘭𝘪𝘣, 𝘮𝘢𝘺𝘰𝘳 𝘰𝘧 𝘵𝘩𝘦 𝘋𝘦𝘵𝘳𝘰𝘪𝘵-𝘢𝘳𝘦𝘢 𝘴𝘶𝘣𝘶𝘳𝘣 𝘏𝘢𝘮𝘵𝘳𝘢𝘮𝘤𝘬, 𝘢𝘯𝘯𝘰𝘶𝘯𝘤𝘦𝘥 𝘩𝘪𝘴 𝘦𝘯𝘥𝘰𝘳𝘴𝘦𝘮𝘦𝘯𝘵 𝘰𝘧 𝘛𝘳𝘶𝘮𝘱 𝘪𝘯 𝘢 𝘍𝘢𝘤𝘦𝘣𝘰𝘰𝘬 𝘱𝘰𝘴𝘵 𝘚𝘶𝘯𝘥𝘢𝘺. 𝘞𝘩𝘪𝘭𝘦 𝘢𝘥𝘮𝘪𝘵𝘵𝘪𝘯𝘨 𝘩𝘦 𝘢𝘯𝘥 𝘛𝘳𝘶𝘮𝘱 𝘥𝘪𝘥𝘯’𝘵 '𝘢𝘨𝘳𝘦𝘦 𝘰𝘯 𝘦𝘷𝘦𝘳𝘺𝘵𝘩𝘪𝘯𝘨," 𝘩𝘦 𝘴𝘢𝘪𝘥 𝘩𝘦 𝘳𝘦𝘨𝘢𝘳𝘥𝘦𝘥 𝘵𝘩𝘦 𝘧𝘰𝘳𝘮𝘦𝘳 𝘤𝘰𝘮𝘮𝘢𝘯𝘥𝘦𝘳-𝘪𝘯-𝘤𝘩𝘪𝘦𝘧 𝘢𝘴 "𝘢 𝘮𝘢𝘯 𝘰𝘧 𝘱𝘳𝘪𝘯𝘤𝘪𝘱𝘭𝘦𝘴.'"

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Jim Schout's avatar

We do not need a Star Trek comparison to explain the problem facing our Congress. The impossible scenario is not going away by kicking the can further down the road.

When I first heard the story from Dr. Jan Halper-Hayes about this time last year something about it seemed to make no sense. Why would anyone want to set up a corporation based on a government’s ability to make money? Quite frankly that idea is crazy!

The only reason to form a corporation is to make money. First you must have a money making product or service to offer, but you must raise capital to put the plan into motion. This capital comes from one of two sources. You can get a bank to agree to sell bonds in the name of the new business or you can sell shares of company stock to investors. Back in the 1800’s it was common to do both. But, the thing you were going to sell had to make sense. Otherwise, no one would risk their money. And this is why I thought the idea of funding the U.S. CORPORATION in 1871 made no sense to me.

As I have written here for some time, our government is a losing proposition and always has been. No government is in a position to make money. Armies are expensive as are highways, sea ports, national forests, and all other government needs. So, governments need lots of money to exist but they have no real product to sell. All governments must take money from their citizens or find a way to take money from other countries. But, government is never a money making proposition. I hope you can see my confusion with the premise of Dr. Jan’s story.

But, then it hit me like a ton of bricks! The deep pockets guys who were willing to loan billions of dollars to America to bail us out following the Civil War needed guarantees that they would be repaid, plus interest. How could our Congress and President provide that guarantee? How can a non-profit (at best) government guarantee to make a profit for the investors?

This, my friends, is the bottom line. Our government was forced to agree to terms guaranteeing a return for the investors who owned the shares. They already had agreed to accept our bonds and we owed them billions in debt. Our debt was on their books as an asset. But we could never repay them. The next step was to sell stock by creating a money making corporation. The evil investors knew where the strength of America resided. It was in our working citizens who were motivated by making a living. These motivated citizens could be manipulated to fund the debt and pay dividends on the stock. This was always intended to be a money making proposition and it was always intended to continue because the shareholders owned 100% of the stock and 100% of the original debt. Plus, they owned a monopoly. It was a risk free investment because Americas hate bankruptcy.

But, the government that agreed to this deal is bankrupt and the annual debt is killing the whole underlying structure. Things are out of control and the citizens are not happy.

But, the thing that has always funded the deal is still strong. America is getting up and going to work. Business is making new highs in the markets. What is failing is the government that has been forced to rely on higher and higher debt to fund itself. America just needs to refuse to pay the Corporation any longer. We need to merely let the money making corporations of America keep on making money. America has separated ourself into two economies. One that works because it has the profit motive working for it. The other economy was based on losing money every year but trying to make up the difference by taxing the money making economy. That idea has failed.

Do you see what Donald Trump did in 2017? He did what was needed from every President since U.S. Grant. He bankrupted the government. We should have told the Cabal to get lost in 1871, but instead we allowed ourselves to be sold as indentured servants to the Cabal.

Thank God this nightmare is over! All we need now is for the public to be educated. I hope I have helped in some small way.

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