Let no Incumbent Survive
(the next Three Elections)
by Mike Endres, Market Trend Trader. April 26, 2010Print
Fact: There is no difference between the Republican and Democratic political parties. Both are concerned only with maintaining power in the Presidency and Congress and over the American citizen and will do whatever it takes to buy, bribe or force within and outside the law to accomplish this goal.
Fact: The appointed and supposedly independent "regulators" appointed by President Obama (and those before him) are a farce on the very face of it. They do not regulate or act as watchdogs for the public but instead act in every way to enable the Military/Industrial complex, banks and power brokers to cheat, lie, misuse taxpayer funds for personal gain and generally rip us all off with complete impunity (Goldman Sachs not withstanding). They do not enforce laws that are on the books now, much less provide inputs to a currently useless and corrupt Congress on how to to protect the taxpayer or figure more ways to eliminate waste and fraud in order to release more funds to the private sector to truly create jobs and new industries and technology.
Fact: The Federal Government is expanding money at a horrific rate, being the only phantom source of new jobs in the past year and a half. This money is both borrowed from and printed by the Federal Reserve that buys Treasury debt with "worth less" dollars. These people (including temps such as Census workers) are paid with borrowed or printed money that the taxpayer will be forced to repay in the form of the most insidious hidden tax of inflation. You cannot grow a viable economy by withdrawing capital from private hands (by any means) and spending it on non-productive Federal or state and local governments.
Fact: Governments at all levels are thrashing about violently to find and take more money from U.S. citizens. The Fed's are allowing tax reduction laws to lapse and are considering dozens of other taxes (or "fees") to raise money and each and every state and local government is doing the same thing, ranging from selling off assets (like water systems, trash collection services and so on) to private contractors who may then increase fees and pay the local governments for the privilege of providing probably poorer services at twice the price.
Fact: The social welfare system in the United States is broken. It is also broke. Sooner than later, Medicare, Medicaid, Social Security and a raft of other social props are going to be at least partially stripped away and the citizens of this country who benefit from them will then live or die by their own means. This is not necessarily bad, just really ugly because the poor, sick and elderly will take the brunt of the cuts. This will be accomplished by further destroying the wonderful capital producing, vital industrial and entrepreneurial base in this country (what's left of the industrial base, that is).
Fact: There is no way to prevent any of the above from happening as we have slipped too far down the slippery slope of socialism and away from the rule of law into a new pseudo-republic ruled by mostly greed and power hungry self-centered men and women.
Fact: There are too many rats in the box. When I went to high school there were 144 million people in this country. There are now over 300 million and growing daily, not from births of U.S. citizens (we are breeding at a rate lower than replacement), but through an unending flood of illegals that pour through our porous borders. (Hoorah! Arizona took the right step in passing a law that allows State law enforcement to arrest illegals and to hell with the complaints of profiling). We need to profile the devil out of anyone who can't speak English or comes from any of the 19 countries that grow the most terrorists. It can be done politely and firmly and, again, to hell with those who would continue to allow our borders to be a sieve. Before we can put in place a workable path for anyone to become a citizen of the United States (which would be a good thing), we must secure our borders or eventually much nastier people than Central American laborers will be crossing the line (or already have).
Fact: There is no way, currently conceived, to remedy the above facts or even to lessen their impact on you and I and our standard of living. What to do?
#1. Start with throwing out the bastards at the Federal, State and some local levels of government. For the next six years (2010, 2012 and 2014) do not vote for a single incumbent. This will not immediately solve the problems outlined above but it will put into office within 6 years, a completely new group of bastards who, hopefully, will come up with some new ideas and perhaps not be as crooked and self-interested as those I see now.
New ideas are of paramount importance. There are a some in elected office today that are as honest as the job allows them to be but each and every one of them wants to be re-elected and have their shot at the big time - both money and power. I have not seen much in the way of creative or new ideas to solve our problems.
#2. Get money out of politics as much as possible. Publicly fund each and every person who wants to run for office. Better yet, borrow an idea from Robert Heinlein and do away with running for office. Hold elections to draft candidates for each office with a $1.00 a year paycheck and a four year, one term limit. Then issue them a mandate that each one oversee a 15% cut in government manpower and services during their term (especially the military/industrial complex that is, currently, sacred as any cow in India). Make it illegal to accept as much as a lolly pop from any special interest group and require total (I mean total) accountability and open sky decision making. If the drafted person is too poor to afford the job, set up a blind trust and fund his three year stay with anonymous donations (I'd be first in line to give to it!).
#3. After 70 years of debasing this country's currency to the point it only purchases 4 cents worth of goods and services (adjusted for inflation), get rid of the Federal Reserve. Period. It is an engine of inflation and politicized to the core. Once again, require Congress to regulate the value of the money and let the Federal Government arbitrate between the various United States as they used to do.
#4. Limit the Federal Government to protecting our borders, settling disputes between states, inter-state commerce and National Defense. Hang a big sign on the front of the White House that says, "I'm sorry, I cannot start wars without Congressional authorization." If Congress cannot agree to declare war, then we don't do it. Limit state government to protection of the people from themselves and resolution of disputes through State courts. Local government can do whatever they want - they are accountable to the people in their communities and once the people take responsibility for their own fate, they will keep the local wheels greased and well aligned. Period.
After reading what I just wrote, I realize just how much it sounds like the Constitution of the United States, doesn't it? Funny about that.
Let's at the very least do Step #1 this year, 2012 and 2014. Simply do not vote for any incumbent political office holder for six years. It cannot produce worse results than we are already witnessing in the federal and state governments.
© 2010 Mike Endres
Notes on the MRO: The MRO is a mathematical formula the generates both buy and sell signals for any tradable security, commodity or future returning a high, low and close at the end of the trading day. A rising MRO signals weakness. I falling MRO indicates strength. The reversal of the MRO along with the reversal of the simple 5 DMA of the tradable item and the %R (lower part of the the chart) signals a change in direction of whatever is being plotted. Generally when the MRO becomes locked below or passes through zero into negative territory, a bullish move is in progress. When the MRO is going up or locked in above zero, a bearish situation exists.
Mike Endres | Market Trend Trader | Gainesville, Florida | E-mail