Some Randomness on Independence Day
July 4th - Independence Day - is a national holiday that reflects upon and honors individual liberty as was envisioned and declared by the country's founders. But this year it seems we may be honoring a nearly forgotten, quaint notion rather than the foundation of American culture.
Invasion
Smallpox lesions. Note the tattoo |
Financial Ruin
Yay! the DOW closed over 17,000 yesterday. But is that really good? CNBC wet itself in its reporting of this good news, but others see it quite a bit differently. Surges in the DOW reflect gains in the Euro against the dollar, and that ain't necessarily good for global financial stability. Unless of course, one's goals is to devalue the dollar on a global basis, then the strengthening of the Euro is welcomed news. Meanwhile, other lies told by our government is that the uncertainty index is down 2.3%, that unemployment is a little over 6%, and that the country is in full growth mode. Not so fast. The DOW is being driven by just five stocks, and while they may gain, the overall market isn't as healthy as reported, and retail stock purchases are flat. So the market is pumped up by hedge funds playing monopoly and simply moving money around. That's a bubble waiting to burst. The U-6 measure of unemployment is in the low 20 percentile. The impact of wage growth adjusted for inflation is under reported, and that means the average American has less buying power. Gasoline prices are an example; they haven't dipped below $3 a gallon for over 1,230 days. Import oil, but don't access our own oil rich resources, or sign off on the Keystone pipeline. Endorse Cuba's and Brazil's efforts to drill in the Gulf and Atlantic respectively, but deny Gulf lease rights to domestic US providers. There's no denying that the goal of the Kenyan's domestic policy is to continue to pull wealth in the form of cash out of the economy, and ensure it resides in the tight grip of Wall Street banksters, as guaranteed by the 1999 repeal of the Glass-Steagall Act. I'm no fan of regulation, but it's pretty much accepted that one can lay blame for the collapse of both financial and housing markets at the feet of this repeal. The bottom line? A destitute populace will be forced to trade liberty for economic security, and at that point, the individual becomes a subject of the state, with freedom gone.
Independence Day 2014
Burgers and hotdogs on the grill, a cold beer in hand, family and friends all around, fireworks in hot and humid skies. This is July in America. This year, I hope we think a little deeper as to what is happening all around us, and I pray that we take charge of our destiny and of our country's future, and as Ronald Reagan so beautifully put it, that come November 2016, it's a new morning in America.
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