Tag Archives: interest

NOT SO SUPER…

America appears to be at its weakest condition both nationally and internationally (if the two can be considered separately), if not ever, certainly since the Civil War. We’re entering the last few months of the most questionable Presidency in our history, during which the actual levers of power and communication seem to be in the hands of unknown people other than the erstwhile president, Joe Biden. Major changes in our international relationships have taken place in the same period, including significant failures both military and diplomatic. Our greatest enemies have formed new or stronger alliances against the U. S. or its allies, and our economic position is under daily assault, also both domestically and internationally.

Our financial structure is groaning under the weight of excessive borrowing and debt. Even as the cost of INTEREST in the federal budget has exceeded One Trillion Dollars per year, the Biden-Harris regime is planning deficit spending that will take our total debt to over $50 Trillion in another 10 to 15 years! Even without the Marxist welfare plans they have, deficit spending is now such a habit in federal budgeting that the concept of balance income and expenses at the federal level is so politically distant that the risks to solvency AND OUR ABILITY TO DEFEND OURSELVES, are far away behind a fog-bank of self-service and electoral enrichment.

Our Navy, for example, is at its smallest, least-modernized status of the past 50 years. Our latest aircraft are so expensive that fleet size has been curtailed, as are, sadly, some of the advanced technologies, themselves. Piece by piece, we have reduced the number of defense contractors, and thus the competitive pressures that yield the best innovations and quality. Many armaments depend on materials and chips, in particular, that must be imported. It is questionable whether the U. S. could sustain more than a week or two of all-out war with either Russia or China. Indeed, we are strained to provide arms to Ukraine and Israel at the same time.

And our allies, solid and ephemeral? The Biden regime has disturbed them at every turn. The inexplicable retreat from Afghanistan, after pouring treasure and people into that odd, horribly expensive balancing act of inexplicable purpose, has other nations wondering about trusting the U. S. when the chips are down for their countries. Why didn’t we hold Baghram Air Force Base? Because the Chinese Communists told Biden they wanted us out of there? They didn’t want the U. S. able to strike from a few hundred miles instead of several thousand? What should India think… or Pakistan? Or, anyone else?

We’re no longer the “arsenal of Democracy…” more like the arse-holes of Democracy. We’ve been sending our treasure and our best young people to other lands to instill a form of government and ostensible freedom, that we don’t want, ourselves! Indeed, one of our major political parties delights in encouraging demonstrations and riots that tear at the roots of our society as if they prove how wonderful and “free” our system is. It is, apparently, a message that 70 MILLION aborted Americans can’t transmit.

A majority of Americans no longer trust our basic institutions of government and society, including even medicine and higher education. One political party constantly tells us how crass and dismal our history is, how the high-falutin ideals of our founding are really lies told by enslavers, how religion is part of the lies we have been told, and how children can be helped to change their genders. It is difficult for citizens to keep their mental footing.

Marriage is crumbling. There is no more significant pillar upholding Western / American civilization than strong, committed, life-long marriages. Those on the left, opposed to religion, particularly Christianity – and the farther Left the more virulently opposed – look to government laws and regulations as the only source of ethics or, even, morals. Satisfying government bureaucrats, so-called “experts,” is the goal of anti-religionists. Satisfying personal, conscientious beliefs and oaths of honor, is the abiding guideline of those raised in a religious environment, in families strengthened by the same sort of personal honor. There is nothing stronger or more life-affirming. No civilization or culture can survive or grow without a commitment to LIFE. The growing commitment to anti-life, anti-marriage and anti-growth in America, is a recipe for doom. We are reinforcing this trend with our mendacious economics, as well.

The left, placing its entire hopefulness in the hands of government, cannot trust in individuals or their ethics. The private economy is a mystery to leftists / socialists / Communists and Democrat liberals. They call themselves “progressives” so as to avoid anyone mouthing those other names. They believe that welfare and massive government spending will somehow make individuals smarter, stronger, more productive and more moral. Having rejected spiritual life, entirely, Progressives place no trust in any individual’s motivation to do what is right or beneficial. Consequently, Progressive, far-left Presidential administrations will, and always have, diverted resources away from Defense and into domestic “free stuff.”

On Mayday, 2010, a major water main bringing water from the Quabbin Reservoir in Massachusetts to the Greater Boston city and regional system, burst at a gigantic valve in the town of Weston. It created a major water emergency. Governor Deval Patrick issued directives for people to boil their water until further notice. Made eminent sense. At the same time, the MWRA brought truckloads of bottled water to key distribution points. One might think that boiling water would be a function that most humans in the United States could handle… even in 2010. Fights broke out over the bottled water distribution, fights that made the news. Amazing. Even for such a simple emergency situation: the recommendation to boil tapwater before cooking with it or drinking it, large numbers of people expected government salvation without delay. They wanted enough bottled water to take baths with, not just for consumption. It seemed weird.

What is likely to happen when Americans are forced to sacrifice? What if we must fight all-out war? What if the economy, $35 Trillion in debt, collapses and foreign countries won’t accept payment in devalued dollars? Would people find a way to persevere as they did during the Depression? Or, during World War II? Would we be capable of boiling our water if an enemy has contaminated water supplies? One wonders. What if we lose the internet, GPS, cell-phone service or electric power for long periods? Are we tough enough to survive? Smart enough?

The Fibers of failure

Things just aren’t the same, anymore… have you noticed?  On the other hand, it’s not Prudent to say they ever were – the same I mean.  Strong societies like the United States, remain strong because some things are the same, in fact; to protect ourselves, our grandchildren and their grandchildren, the strong fibers in our culture must be defended and inculcated in our children as well as in ourselves.  There are too many who should understand their presence and purpose but appear ignorant of them.

One such fiber is our Constitution.  Conservatives revere it; leftists unceasingly circumvent it.  Since its adoption the Constitution has held strong, but has no effect on national direction when governance simply steps into the shadows and ignores it.  Most of that determined ignorance includes big tax-funded payoffs to politically significant segments of the citizenry, cementing the synthesis, into the new thesis  that the Constitutional limitation on this or that governing act actually could be interpreted in a different (socialistic) way.  Later there is always the new antithesis  that, couched in terms of “equal protection under the law” and “non-discrimination,” must, “constitutionally” be applied to still more segments until there’s a permanent acceptance of that much socialism by the very conservatives who believe they are defending the Constitution!  It’s a strong, inelastic fiber that’s been stretched, nevertheless, over the past 150 years.

Conservatives believe that pulling back from the severe strains on the Constitutional fiber, is the only long-term solution to the survival of the American idea.

Religion, churches (church-communities) and religious education form a fiber that is perceived as “quaint” by the leftist elements on the East and West coasts and urban pockets in between.  Anti-religion is strong on college campuses, as it is in public grade and high schools.  Being at least agnostic, if not atheistic, is worn as a badge of intellectual status, certainly since the 1960’s;  those still attending are being taught that the Bible and the words of Jesus somehow fit socialism.  In response, churches are failing to define the difference between worldly comforts and holy purposes of life.  Government, under a Constitutional guarantee of non-interference in and by religion itself, has proven feckless and works harder to divest itself of moral responsibility at every level.  This “fiber” is threadbare and undependable.

Family cohesiveness is the core strength of any society.  In no culture has the strength and identity of mores and traditions been separated from widespread, if not complete, adherence to the family “pattern,” until the degradation of “Western,” culture, now entering its seventh decade.  It is quickly becoming America’s greatest weakness and we have repeatedly elected representatives who facilitate it with misguided welfare programs.  Without succeeding generations of “America”-acculturated citizens, there will be no “nation” and worse, there will be no one to defend it.  Electronics and computerized health-care are not substitutes for strong, morally straight families, for only they form the “fiber” of freedom and self-government enabled through the Constitution.

Public education is the second greatest acculturation mechanism and process we have.  By default public schools and teachers are charged with the responsibility to educate succeeding members of our society and culture: new “Americans,” in truth.  Since the 1970’s, certainly, teachers and their unions have cemented themselves into codified bailiwicks where they can teach almost anything without fear of being fired, while rewarding those elected “representatives” who protect their “bailiwicks,” with solid political support.  Unthinking – or lightly thinking – citizens vote for said “representatives” and vote further to “support” public education with tax increases and overrides to prove their great morality in defense of an American tradition.  Meanwhile, “teachers” are increasingly producing less-literate graduates who distrust, if not hate, the United States and the true traditions of sacrifice, thrift, personal responsibility and Judeo-Christianity, while embracing socialism, of all things the most antithetical to American success and strength.  As a culture we are failing miserably to make the fabric of our nation stronger, and we grin as we reward those who facilitate our internal weakness.  This “fiber” is now almost invisible, maintained mostly in private, church-connected schools, and not all of those.

Finance and wealth creation have been, and should be, strong fibers in the fabric of industrialized societies, of which the United States is one, like it or not.  Both are tightly connected to honesty in our legal structures, honesty in our contracts, honesty in our “money,” fair debt creation and destruction, and private property.  In short, the economics of the Bible, both old and new testaments, like it or not.  Proto-socialists rail against “unfair” wealth “distribution.”  They are simultaneously right and wrong.  Wealth is not “distributable,” per se, and “fairness” is irrelevant, but the accumulation and possession of “wealth,” is certainly uneven, leading to strong feelings of envy and raw hatred of the “greedy.”  These feelings are political minefields and rich fodder for politicians whose beliefs are fundamentally anti-American… or anti-family: same thing.  But back to “money”:

  • Financially, the federal government is a failure, unable to maintain its own household within a budget and even to create an honest budget through anything close to honest legislation.  Because the Congress can, and the U. S. is in a global position to enable it, the federal government borrows more than it can (ever) repay, every fiscal year.  Despite these well-known facts of financial incompetence, American voters continue to elect “representatives” who believe – and require by legislation – that more and more of every American’s personal financial security should depend upon or be in the hands of, the federal government.  This “fiber” is a misconstrual of the “strings” that federal intrusion always includes – strings that could strangle us.
  • Debt is a tool of growth, investment, liquidity, defense, achievement, construction, infrastructure, public health and more, much more.  Yet it is also a weapon, threatening and weakening whole nations, indeed, every nation.  Instead of leading the world economically, proving the superiority of free enterprise and freedom itself, the United States has succumbed to banking globalism and to the blandishments of socialism, under which “investments” are made in daily necessities for large fractions of our population.  Economically there is no “R.O.I” – return on investment – where debt is incurred in the furthering of dependency.  The U. S. carries a “current” debt liability that is approaching annual G.D.P.  Our productivity cannot generate sufficient surplus to even “service” that debt (pay the interest on it) without borrowing other debt to do so, given the nature of our entitlement budget and bloated pension commitments.  Weapon-wise, debt allows international banking to FORCE the U. S. to borrow to meet its commitments for interest payments.  Every dollar of debt is a dollar of weakness, not strength; of obligation, not freedom.  Our “representatives” are doing this type of budgeting “for” us since it’s too complicated for us to understand.
  • Money is real.  That is, “money” has intrinsic value: gold, silver, platinum or other “hard” currencies, or the notes that stand for a set value of real money so long as those notes may be traded for real money on demand.  We don’t have “money” any longer, although we have currency that we are still willing to work for, sell for, buy with and “save up” for those rainy days.  Written on the notes in our pockets are official dictates that this or that piece of paper shall be accepted as “legal tender” in all transactions, public or private.  Someone famous and/or important has his or her name printed nearby affirming the quality of the banknotes we hold.  They are no longer U. S. Notes, they are Federal Reserve Notes, a private bank with a public name.  Instead of having the U. S. Mint simply print U. S. Notes when we need more liquidity in the economy, we incur a debt to the Federal Reserve bank, and others, including foreign countries – debts we have no hope of repaying in principal, while our obligation to “service” those debts is unending.  The government prints U. S. Bonds, however, which are accepted as good instruments for the loans their purchasers are making to the United States.  The question, is, therefore, if the bonds are good, why not skip the growing interest cost and just print our own money?  Hmmmnnnhh.
  • So, our money is not honest.  It is, instead, merely confidence notes that we and most of the world, accept.  Federal Reserve Notes may be exchanged at any so-called bank only for other Federal Reserve Notes… not for gold or silver or anything of intrinsic value except, if inclined, for modern pennies, the content of which cost more than 1 cent.  Melting them down for the intrinsic metal value is a crime, of course.  More and more we exchange our “cash” for magnetic bubbles on a hard drive, trusting the federally regulated “bank” to protect the record so that we may access it at gasoline pumps, hardware stores and websites that will trade books and electronic gizmos for a share of those magnetic records.  We are now a couple of layers of separation from real-value-money and yet fully confident that “our” money is both safe and safely “ours.”
  • Our entire economy is based on, and priced on, debts and interest.  Think about it.  Our rush to “cashless” commerce carries a very high price, whether one makes use of credit cards or not.  First, the merchant/ restaurateur who accepts your card, must pay the transfer or remitting agent a fee for that privilege – a fee based on a percentage of the transaction amount, including taxes.  This may be 1.5%, 2%, 3% and occasionally more depending on total flow of “credit” transactions for that single location or for the total transactions for a chain of locations.  Many card-holders use “Rewards” cards to obtain fractional cash-back or “miles” or other goodies marketed as though free, simply as a thank-you for using the card.  In reality those “rewards” raise the fees to the vendor/merchant for the privilege of accepting the card.  Those costs are recouped entirely from the cost of goods sold – there is no free lunch.  Later, the card-holder receives a bill from the “credit-card company” (bank) for all the stupid latte’s, Big Macs and smoothies he or she has enjoyed during the month preceding.  Smart card-holders pay that bill in total the minute they receive it, but a large and growing percentage do not, allowing some of the balance to carry over to the next billing cycle, incurring upwards of 20% or more interest!  Some even pay only the minimum suggested to keep the collection process at bay – this figure leads to maximization of the total interest the cardholder will eventually pay to the bank that has, in effect, loaned  him or her enough money to buy lunch… or gas… or movie tickets… or even subway rides.  As above, so below, when it comes to debt-consciousness.  In effect then, our entire retail economy and large segments of wholesale purchases carries a “vig” of 2% or more on average; that is, 2%, say, on about $6 Trillion in retail sales and 25% or more than that in wholesale/raw-materials sales.  The interest cost on costs of goods, is approaching $200 Billion.  Where does that money go, one wonders? We’re all paying for it.

The once-strong thread of thrift and sacrifice has disappeared, leaving all of us – and our supposedly “rich” nation, indebted for life, our children’s lives, their children’s lives and the lives of further generations than they.  What an inheritance.

Suffice to say that our nation is adrift.  One political party/movement: liberal, progressive, socialist, Democrat, is prostrating itself before the twin altars of unrestricted abortion and legalizing drugs and other crimes, and the altar of outsiders: non-citizens unwilling to provide for themselves or to follow our most basic national laws.  The other is tripping over its shoelaces trying to remain relevant to media that share the liberal, progressive, socialist, Democrat viewpoints – and philosophies – while trying to overcome 60 years of feckless education (also liberal, progressive, socialist, Democrat-leaning) that has separated 3 generations of Americans from their history, heritage and founding majesty.

Politicizing, even codifying, every feeling and hatred, has not rendered ours a happier or more cohesive society.  Indeed, it is not even “fairer.”  Politics that channels hatreds requires the aggravation of envy and jealousy; it requires the accentuation of differences between groups rather than between individuals.  So-called “identity politics” leads to identifying each group’s enemies and resisting, if not attacking them.  Civility as a tool for nation-building is not simply unemployed, it is mocked.

When differences between individuals is dealt with – usually in small, civil steps – what usually develops is an understanding of how much more similar  they/we are, than different.  Individuals don’t usually hurl epithets at unrelated, unconnected individuals, it takes a mob mentality to do so, and then it is done in order to or because of some perceived membership in a mob-hated group.  Civility, and civilization itself, takes work, commonality, leadership, both individual and social.  A Constitutional Republic like the United States is based on individual, not group responsibility; it is based on self-control and individual responsibility, not group control or group responsibility.  Keep this distinction in mind.  One need not be Christian to appreciate that the New Testament was a covenant with individuals and not with tribes or peoples.  Ours is a “Christian” nation in that our Constitution enables individual success and failure, and individual responsibility to one’s community, family and self for the consequences of one’s actions… and, perhaps, to God.