"We The People." The phrase denotes a legal status. It defines who is legally sovereign, or who rules or governs. According to this legally defined status, The People are constitutionally endowed with the "power" of self-determination--freedom.
Within the general case of legally conferred sovereignty is the freedom to achieve a class status. While it is illegal to achieve a royal status, it is legal to achieve what is considered to be a ruling-class status. Members of this class, largely defined by economic, or financial, independence consider themselves to be beyond the legal status of sovereignty which is relegated to the crude ineptitudes of The People, royalty, and government (regulatory) authority generally.
Where government authority (the sovereignty of The People) must act, it should only act in support of the competent ruling class with the empirical proof of private sector success (Hamiltonianism). Treasury secretary Paulson is currently on Capitol Hill making the case for the Hamiltonian model of power and political economy because, he argues, if we do not support the ruling class, the sovereigns (The People) will be much worse off.
The argument effectively separates a class from the legal sovereign status and elevates it to a supra-sovereign status that is not "considered" a royal status but a managerial class with the impunity of a necessary natural condition of rulers and ruled, of forging order from chaos.
According to Paulson and other elitist bureaucrats, congress must act to finance the ability of the supra-sovereigns to forge order from the chaos, and without it, general crisis is assured. This is nothing but a subsidy, welfare, for the rich to maintain an oversurplus of wealth and power (the cause of the crisis), and a surplus of retributive value that "requires" central command and control to manage it and to be paid for by The People, the ruled, the subjects, the taxpayer (Hamiltonianism).
Legally, the status of the managerial class is subject to the sovereign--The People. It's time to exercise the legal power, the constitutional right, the righteousness, the collective wisdom of pluralistic processes that will ensure the general welfare and not the conceits of an illicit power elite that corrupts the Natural Rights, the peaceful prosperity, of The People.
Supra-sovereigns disclaim their exclusive status when it comes to the tax authority of The People. Why, the elit managers argue, do The People want to tax themselves? Obviously "We" do not. It is exacted by elit authority in an illicit ruler-subject relationship that can only be shammed as democracy, freedom and justice that supports an exclusive status that corrupts Constitutional authority and the virtue of the Natural Rights of Humanity (pluralism).
Interesting how the conceit of supra-sovereign status becomes The People when it comes to needing to tap the liquidity required to cultivate general peace and prosperity through the tax authority. So, we have McCain, for example, saying that tapping the needed liquidity, as Obama/Biden propose, "will increase your [The People's] taxes."
The People are looking for the liquidity, the water, that cultivates prosperity. If you want water, you have to go where the water is. That would be the upper class of incomes, the class that otherwise discalims the status of sovereignty for the ruling class, and rulers exercise the authority to tax. Indeed they do!
The sovereign, the rulers, We The People have the authority to tax. It's time to properly irrigate the fertile fields of peace and prosperity with the liquidity that is being deprived by the corrupt conceits of an exclusive, illegitimate command and control that exercises the politics of deprivation as the will of The People.
Obama/Biden 2008!
Very best wishes.
Tuesday, September 23, 2008
Current Indicators
As we pursue the possibilities for false reforms of consolidated industries and markets with more consolidation of industries and markets and calling it a bail out, a few indicators currently confirm the problem, and the solution.
A 30% rise in the price of oil today indicates the consolidation of capital that is the liquidity crisis. This capital, consolidated, is not being used to liquidate the debt--grow the economy--in crisis, it is being used to bid up the price of a basic input which is both inflationary and deflationary at the same time.
The result is profit without growth which is given a favorable tax rate. It is the problem not, as McCain suggests, the solution.
Since the consolidated capital is not being used to buy the bad debt, it will be monetized through the treasury and the federal reserve system. This is being explained as the cause for the sudden rise in the price of a barrel of oil (a falling dollar valuation due to no real-economy growth from the investment of the capital) when it is the effect. It is a deliberate fraud and, again, what is wrong with it.
In terms of fundamentals, no-growth investments and profits (returns) should lower the price of oil because there is no demand being added, which fundamentally describes the crisis we are in financially. The effect of the investment is inflationary nevertheless which is fraudulently claimed to be due to demand exceeding supply. The result is also to give false support to the price per barrel and an uncertain value to alternatives which discourages investment.
The cause of the sudden price spike in oil is the sudden movement of consolidated wealth (private equity and hedge funds) out of equities and into oil futures contracts that were magnified on a short squeeze. Properly timed by the hedge fund managers this produced a big profit with no growth from the investment at a favorable tax rate. If this kind of capital management is allowed to continue with the favorable tax rate, the trillion dollar bail out of the credit markets will be paid by the least able to pay already beset with high inflation and low growth. The result is a fully intended disaster that demands command and comtrol of elite authority.
Another significant indicator of the operation of an overconsolidated capital being the source of our problems is hedge fund managers complaining about having to make an accounting of short sales as per the SEC. That eliminates the all-important black box necessary to manipulate market prices. If the fund managers do not behave legally, there will be a criminal liability if the data is not falsified.
Short sales are an effective way to manipulate market prices because selling large blocks of borrowed shares "causes" fear and a downtrend independent of real market values. In other words, it is an easy way to perpetrate a fraud and dictate prices, especially if capital is consolidated.
A 30% rise in the price of oil today indicates the consolidation of capital that is the liquidity crisis. This capital, consolidated, is not being used to liquidate the debt--grow the economy--in crisis, it is being used to bid up the price of a basic input which is both inflationary and deflationary at the same time.
The result is profit without growth which is given a favorable tax rate. It is the problem not, as McCain suggests, the solution.
Since the consolidated capital is not being used to buy the bad debt, it will be monetized through the treasury and the federal reserve system. This is being explained as the cause for the sudden rise in the price of a barrel of oil (a falling dollar valuation due to no real-economy growth from the investment of the capital) when it is the effect. It is a deliberate fraud and, again, what is wrong with it.
In terms of fundamentals, no-growth investments and profits (returns) should lower the price of oil because there is no demand being added, which fundamentally describes the crisis we are in financially. The effect of the investment is inflationary nevertheless which is fraudulently claimed to be due to demand exceeding supply. The result is also to give false support to the price per barrel and an uncertain value to alternatives which discourages investment.
The cause of the sudden price spike in oil is the sudden movement of consolidated wealth (private equity and hedge funds) out of equities and into oil futures contracts that were magnified on a short squeeze. Properly timed by the hedge fund managers this produced a big profit with no growth from the investment at a favorable tax rate. If this kind of capital management is allowed to continue with the favorable tax rate, the trillion dollar bail out of the credit markets will be paid by the least able to pay already beset with high inflation and low growth. The result is a fully intended disaster that demands command and comtrol of elite authority.
Another significant indicator of the operation of an overconsolidated capital being the source of our problems is hedge fund managers complaining about having to make an accounting of short sales as per the SEC. That eliminates the all-important black box necessary to manipulate market prices. If the fund managers do not behave legally, there will be a criminal liability if the data is not falsified.
Short sales are an effective way to manipulate market prices because selling large blocks of borrowed shares "causes" fear and a downtrend independent of real market values. In other words, it is an easy way to perpetrate a fraud and dictate prices, especially if capital is consolidated.
Applying the Hamiltonian Model of Political Economy
Events as we see them unfold are confirmation of the Hamiltonian model of power and political economy in full operation.
Alexander Hamilton, our nation's first treasury secretary devised a system of finance that perpetuates the power of financial elites through a banking system and tax structure that applies a trickle-down theory of economics and a regressive tax code to publicly finance it, which is exactly what we have now in operation.
The innovations necessary to conserve the elitist model of power have been monetarism and a practical, administrative model of bureaucratic power and political economy that we now see being brought to fullest fruition to manage the current liquidity crisis (over-consolidation of markets and capital).
Confirmation of the bureaucratic model of power and political economy--of an unelected technocracy applying the power of an elitist model with a false pluralistic legitimacy--indicates a mature consolidation of power that can do nothing but deconsolidate (pluralize) to maintain its legitimate administration. The elitist model will naturally succumb to the forces of pluralism--a natural sharing of power.
There is a soft determinism in operation here. We can resist the natural tendency toward a retributional reconciliation of value and allow for the natural course of pluralistic forces to ensure our peaceful prosperity. The choice is ours to make here and now.
Beyond the bureaucratic model of power and political economy is the reality of pluralism that keeps the peace and makes us prosper through the legitimacy of our collective wisdom that is the real public authority--the true arbiter of our lives, our liberty, our pursuit of happiness. "We The People" is a pluralism with real meaning beyond a Hamiltonian fantasy to keep The People subjected in its pursuit. It is a pratical utility, a practical reality, that is foolish to resist.
Obama/Biden 2008!
Very best wishes.
Alexander Hamilton, our nation's first treasury secretary devised a system of finance that perpetuates the power of financial elites through a banking system and tax structure that applies a trickle-down theory of economics and a regressive tax code to publicly finance it, which is exactly what we have now in operation.
The innovations necessary to conserve the elitist model of power have been monetarism and a practical, administrative model of bureaucratic power and political economy that we now see being brought to fullest fruition to manage the current liquidity crisis (over-consolidation of markets and capital).
Confirmation of the bureaucratic model of power and political economy--of an unelected technocracy applying the power of an elitist model with a false pluralistic legitimacy--indicates a mature consolidation of power that can do nothing but deconsolidate (pluralize) to maintain its legitimate administration. The elitist model will naturally succumb to the forces of pluralism--a natural sharing of power.
There is a soft determinism in operation here. We can resist the natural tendency toward a retributional reconciliation of value and allow for the natural course of pluralistic forces to ensure our peaceful prosperity. The choice is ours to make here and now.
Beyond the bureaucratic model of power and political economy is the reality of pluralism that keeps the peace and makes us prosper through the legitimacy of our collective wisdom that is the real public authority--the true arbiter of our lives, our liberty, our pursuit of happiness. "We The People" is a pluralism with real meaning beyond a Hamiltonian fantasy to keep The People subjected in its pursuit. It is a pratical utility, a practical reality, that is foolish to resist.
Obama/Biden 2008!
Very best wishes.
Friday, September 19, 2008
Classical Economic Crisis, Neo-Classical Means
President Bush characterized our present economic crisis as "unprecendented" requiring unprecedented measures.
This is false.
It is an attempt to mislead the public to think that this 200 year old means of finance, welfare for the rich (the Hamiltonian model of political economy in which the government supports the financial system and its elit ownership, command and control in whatever current form), is new and, therefore, unanticipated, evolving, and not a threat to the General Welfare.
Jefferson argued that Hamilton's model is, by definition, and will always be, a threat to the General Welfare, and it is the Natural Right, The Duty, of The People to ensure the General Welfare. The Bush administration and the McCain campaign falsely argue the novelty of the crisis to sustain the means of continuing it as the General Welfare, and continue to corrupt the Natural Right, The Duty, of The People.
The crisis--the liquidity crisis--is classical. It is the result of an overaccumulation of a surplus which is what happens with a regressive tax code that John McCain wants to sustain. He in fact offers the disease as the cure.
Classic liquidity crisis is simply this: so much money is surplused into capital ownership within the top economic class that there is not enough to drive (grow) the economy. The problem is classic. It has been going on for hundreds of years and culminated in the Great Depression in which monetarism was invented to add the consolidated liquidity that is called "illiquidity." The means to accomplishing the crisis became "neo" classical. Government operation in the marketplace is being defined, by Constitutional authority, as the General Welfare with the result, of course, being the classic crisis with the legitimacy of public authority, or the Will of The People, or by the Consent of the Governed.
Does the crisis and the means of perpetuating the crisis have your consent?
Continuing a regressive tax code--what McCain offers--is the problem.
A progressive tax code--what Obama/Biden offers is the solution.
The accumulation of income into the top one percent of income classes not seen since just before the Great Depression is no coincidence, and is not new. It is a clear indication of crisis and the accumulation was allowed to occur despite ample warning that was deemed socialist, communist or generally socially psychotic.
Monetizing our way out of the crisis just reinvents the problem. The evidence is overwhelmingly clear and convincing. A regressive tax code does not produce the General Welfare, it produces general crisis independent of monetizing the debt.
The Obama/Biden solution--raisng the tax rate at the top margin and lowering it for the other income classes--is very specific to the problem despite the criticism of bought-and-paid-for experts that claim otherwise hoping we will all ignore it or dismiss it as an unfitting simplicity to a complex problem.
Vote for the solution.
Obama/Biden 2008!
Very best wishes.
This is false.
It is an attempt to mislead the public to think that this 200 year old means of finance, welfare for the rich (the Hamiltonian model of political economy in which the government supports the financial system and its elit ownership, command and control in whatever current form), is new and, therefore, unanticipated, evolving, and not a threat to the General Welfare.
Jefferson argued that Hamilton's model is, by definition, and will always be, a threat to the General Welfare, and it is the Natural Right, The Duty, of The People to ensure the General Welfare. The Bush administration and the McCain campaign falsely argue the novelty of the crisis to sustain the means of continuing it as the General Welfare, and continue to corrupt the Natural Right, The Duty, of The People.
The crisis--the liquidity crisis--is classical. It is the result of an overaccumulation of a surplus which is what happens with a regressive tax code that John McCain wants to sustain. He in fact offers the disease as the cure.
Classic liquidity crisis is simply this: so much money is surplused into capital ownership within the top economic class that there is not enough to drive (grow) the economy. The problem is classic. It has been going on for hundreds of years and culminated in the Great Depression in which monetarism was invented to add the consolidated liquidity that is called "illiquidity." The means to accomplishing the crisis became "neo" classical. Government operation in the marketplace is being defined, by Constitutional authority, as the General Welfare with the result, of course, being the classic crisis with the legitimacy of public authority, or the Will of The People, or by the Consent of the Governed.
Does the crisis and the means of perpetuating the crisis have your consent?
Continuing a regressive tax code--what McCain offers--is the problem.
A progressive tax code--what Obama/Biden offers is the solution.
The accumulation of income into the top one percent of income classes not seen since just before the Great Depression is no coincidence, and is not new. It is a clear indication of crisis and the accumulation was allowed to occur despite ample warning that was deemed socialist, communist or generally socially psychotic.
Monetizing our way out of the crisis just reinvents the problem. The evidence is overwhelmingly clear and convincing. A regressive tax code does not produce the General Welfare, it produces general crisis independent of monetizing the debt.
The Obama/Biden solution--raisng the tax rate at the top margin and lowering it for the other income classes--is very specific to the problem despite the criticism of bought-and-paid-for experts that claim otherwise hoping we will all ignore it or dismiss it as an unfitting simplicity to a complex problem.
Vote for the solution.
Obama/Biden 2008!
Very best wishes.
Friday, September 12, 2008
The McCain Tax Increase
The McCain plan to make the Bush administration's tax cuts permanent will be an effective tax increase.
Although his campaign claims Obama will increase taxes, McCain's tax cuts will make the record budget deficits permanent as well which is one gigantic tax increase for incomes below the top ten percent already burdened with stagflation, a reliable effect of a regressive tax code.
McCain says he will cut spending. That, of course, is a very unlikely promise to keep. A more reliable measure is to progress the code, both stimulating the economy and reducing the budget deficit at the same time. McCain's plan will increase the budget deficit which requires a tax increase on the least able to pay which is deflationary, reducing tax revenue and the value of the dollar (stagflation).
Obama's plan is true to its purpose. McCain's plan is a complete misrepresentation--it will be neo-conservative, exactly what the McCain camp claims to reform. The "change" being offered, this "reform," is just a reformulation of the problem.
Obama/Biden 2008!
Although his campaign claims Obama will increase taxes, McCain's tax cuts will make the record budget deficits permanent as well which is one gigantic tax increase for incomes below the top ten percent already burdened with stagflation, a reliable effect of a regressive tax code.
McCain says he will cut spending. That, of course, is a very unlikely promise to keep. A more reliable measure is to progress the code, both stimulating the economy and reducing the budget deficit at the same time. McCain's plan will increase the budget deficit which requires a tax increase on the least able to pay which is deflationary, reducing tax revenue and the value of the dollar (stagflation).
Obama's plan is true to its purpose. McCain's plan is a complete misrepresentation--it will be neo-conservative, exactly what the McCain camp claims to reform. The "change" being offered, this "reform," is just a reformulation of the problem.
Obama/Biden 2008!
Wednesday, September 10, 2008
Trillion Dollar Tax Investment
A Senate subcommittee has disclosed that rampant tax evasion schemes marketed to foreign companies by major investment banks, like Lehman Brothers, have resulted in a loss of $100 billion in tax revenue each year for the last ten years.
The practical effect for allowing this to happen, so the theory of trickle-down economics goes, is economic growth.
The trillion dollar empirical investment and the resulting evidence--a bankrupt banking system and a gigantic budget deficit (a tax increase)--decidedly disconfirms trickle-down economic theory, wouldn't you say?
McCain and Palin support the trickle-down theory of economics as pro growth despite the evidence overwhelmingly being economic conditions not seen since the Great Depression.
If the recessionary trend has not yet affected you, vote for McCain/Palin, it will be coming for you!
The practical effect for allowing this to happen, so the theory of trickle-down economics goes, is economic growth.
The trillion dollar empirical investment and the resulting evidence--a bankrupt banking system and a gigantic budget deficit (a tax increase)--decidedly disconfirms trickle-down economic theory, wouldn't you say?
McCain and Palin support the trickle-down theory of economics as pro growth despite the evidence overwhelmingly being economic conditions not seen since the Great Depression.
If the recessionary trend has not yet affected you, vote for McCain/Palin, it will be coming for you!
Confirming Command Economy
The price compression on a barrel of oil due to overproduction with the artificially high, non-fundamental, fraudulent price not only adds value to the substitute, alternative supplies of energy, but serves as a clearly confirmed demonstration of the command mode of the global economy.
OPECs decision to cut production to support the price per barrel above $100 is a confirmation of power. It is not to get rich. The supra-sovereigns are plenty rich. No. It is a demonstration of power over what is natural; the law of supply and demand and the natural justice, the righteousness, that comes with the confirmation of pluralistic processes like a free market economics.
However, freedom cannot be expropriated or disallowed. It can only be artificially accumulated with a natural, unavoidable, retribution. The more retributive value accumulated, the worse off the elite really are. This is what Obama, a highly intelligent man, means when he says the elite seem to take pride in their own stupidity. The first thing a political scientist learns is that people do not necessarily know what their self-interest is.
Ultimately, Nature, God, dictates a free market. The supra-sovereign, super-natural, status of the elite is but a foolish conceit. Nature commands the reconciliation of truth to power. The people are sovereign by Natural Right--it is not an abstraction of human imagination, it is an observation, a realization. The retributive value will be paid one way or another. God gives us the freedom to choose the form of payment. It is a soft determinism.
The retributive value is a variable unnecessarily suffered.
Let's choose freedom in priority.
Obama/Biden 2008!
Very best wishes.
OPECs decision to cut production to support the price per barrel above $100 is a confirmation of power. It is not to get rich. The supra-sovereigns are plenty rich. No. It is a demonstration of power over what is natural; the law of supply and demand and the natural justice, the righteousness, that comes with the confirmation of pluralistic processes like a free market economics.
However, freedom cannot be expropriated or disallowed. It can only be artificially accumulated with a natural, unavoidable, retribution. The more retributive value accumulated, the worse off the elite really are. This is what Obama, a highly intelligent man, means when he says the elite seem to take pride in their own stupidity. The first thing a political scientist learns is that people do not necessarily know what their self-interest is.
Ultimately, Nature, God, dictates a free market. The supra-sovereign, super-natural, status of the elite is but a foolish conceit. Nature commands the reconciliation of truth to power. The people are sovereign by Natural Right--it is not an abstraction of human imagination, it is an observation, a realization. The retributive value will be paid one way or another. God gives us the freedom to choose the form of payment. It is a soft determinism.
The retributive value is a variable unnecessarily suffered.
Let's choose freedom in priority.
Obama/Biden 2008!
Very best wishes.
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