I see where cities like Detroit, Michigan…countries like Greece and many others are filing for BANKRUPTCY.
Even today the Elite Class of America is arguing that the President’s idea of raising the Minimum Wage to nine ($9) dollars per hour (less than $24,000 per year) will bankrupt this nation.
The IRS CENSUS REPORT shows that the least money needed for minimum living in today’s economy is $34,000 yearly.
So those of us who have been making up to $24,000 per year or less have been forced to go into debt consistently each year about $10,000, for example, the working poor.
I was with a friend who was trying to buy a car. The friends’ car cost $6,000. The friend had $3,000 and the blue book value for the car was $9,000 (a 2007 model car). So a friend needed $3,000. The lender could foreclose on a $9,000 car and he only had to invest $3,000, a $6,000 mark up for the lender.
IMPORTANT EXAMPLE ON HOW THE POOR ARE TREATED.
The Finance Company – on second thought – stated we cannot loan the $3,000 but on the car that you are driving – we can lend you $5,000 (for a 2003 vehicle).
Per the Lender… you should do these things.
• Clear title on the Alabama car
• Pay the Georgia tax $197
• Georgia tags
• Make $98 payments for 1 year – 12 payments almost $1,200.
So, my friend received a $500 check.
THE RICH GETTING RICHER… WHILE THE POOR REMAIN POOR.
For many years, the so called Third World countries have been treated unfairly by the so called Rich or Group of seven (7) countries.
Over time I’ve read that from 1776 President George Washington (1789) to President Jimmy Carter (1980), 1st to 39th President: were the so called Good Years.
Then came the bad years: from 1980 to 1992 for America.
I understand that between the years 1789 to 1980 the so called Third World countries received loans from the World Bank; the International Monetary Funds (IMF), Group of 7 countries (G-7) and others loaned money at high interest rates.
So, when those countries could no longer pay, the lenders forgave this debt and down the financial road some of these countries needed more financial support.
Thus, new loans were given and when deemed necessary those loans were forgiven also (Good Years 1789 to 1980).
Along came the bad years 1980 to about 1992.
I am told that in America under America’s leadership that the Credit Records from America’s Dead files were opened.
That the money from loans made by Presidents and others in the Good Years (1789-1980) were placed back on the record books and that’s when a so-called Third World country (during the 1980s to 1990s) came to America for financial assistance.
The money would only be loaned if that country agreed to pay back the money loaned plus the old debt that was forgiven to that country years earlier.
The “have not’s” are in trouble (in America) because almost all of their lives they have been under paid: not paid a livable wage (one you can live on) year after year.
The so called Third World countries are in financial trouble because loans that had been forgiven, for whatever reason, were placed back on the books by the New Administrators.
The New Deal
I am told that after World War II…by the way (the World has never been at war!!!).
After, World War II President FDR put forward a plan to repair the war damaged countries (Germany, Japan, Italy and others), that President FDR also attempted to do the same here in America ,especially in the area of home improvement – a livable wage – public health for all citizens – 40hr work week – two week vacation with pay – public education – up to 2yr Associate Degree (free of charge) – a fair taxable system that pays America’s bills and a retirement program for reliable service to a company.
I believe that the Founding Fathers never intended America to rely on Third World countries to loan money to us so that America can pay its World debt.
FACTS: Have and Have not’s?
When the Oil was taken from Alaska and put into production in America for export around the world, some money went to the Alaskan people, not as much as should have been, but some.
The Beverly Hillbillies
Jed shot at a rabbit, missed the rabbit, made a hole on his land, oil came out of the hole – Jed and his family has now become $50 million dollar millionaires. Of, course there was no discussion as to who else in that community, that county, or that state benefited from that event.
A Fable, yes however, this is how things and property is managed or should I say mismanaged here in America this is how the have – have more – and the have nots are created here in America by the so – called Capitalist.
Warehouser… (German) Warehouser Lumber
Mr. Warehouser purchased land in Alabama to open a saw mill corporation, the land sold for about $5 per acre (Government Land).
1. Mr. Warehouser now owns an entire country in Alabama worth billions of
dollars (Government Land – our land).
2. He does wood products. (3) Paper products (4) large brown paper rolls (5)
white computer paper and many other products.
Mr. Warehouser’s paper products produces black and green liquor to color the paper. This product is highly carbonated and makes good fertilizer for re-punishing the farm soil which he used to produce cotton product farming and corn product farming.
Mr. Warehouser plants his own trees for his Saw Mill as well as buys from others.
Mr. Warehouser purchased all the land or most that was owned by homesteaders and small farmers in that county.
This is an example as to how the Haves, the Have more and the Have Nots are created. Not by single parents but by money, power and selfish greed.
Lastly, I would like to briefly discuss our Tax System.
I am a billionaire, over a million dollars per year taxable income.
Do you think that I am going to pay 39.6 percent of 1 million in taxes with a debt of 17 trillion nationally ?
1. How much is needed to run the Nation next year -1trillion,
2. How much do we who make over 1 million yearly pay,
3. 400 pages in the tax code for deductions, loop holes and on and on.
Now out of about $400,000 at 39.5 or 40 percent I might end up paying $40,000 at most or as Mr. Warren Buffet puts it, less than my Secretary.
Seventeen trillion dollars debt (Obama’s debt) a joke – Debt clock – Borrowing money from China (give me a break).
From 1776 to 1980 204 years of running the Government and 39 Presidents, the total money owed after 204 years was less than 1 trillion dollars, in fact less than 800 billion or .8 trillion dollars; from 1980 to 2013, 33 years, 17 trillion dollars! Not one Think Tank in Washington D.C. can explain to the general public exactly how much is a trillion dollars; they use expressions like
1. If you stack 1 dollar bills one on top of the other you can reach the moon
2 and ½ times
2. Or my favorite… If you place 1 dollar bill long end to long end and you
are standing at your front door; you can go under the moon, loop around
the moon back to earth, loop around plant earth and end up back in front
of your door (A figure 8 around the moon plus earth). This will be about
1 trillion dollars. 33 years – Bill Clinton: debt free – come on!!!
(You Republicans). Give me a break.
Comment on Syria & King Au Saud
Who is supporting the opposition forces to Syria?
It seems that the United Kingdom (UK), the United States and others had promised military support but not only did the Rebels not get the support, but that they were blocked from buying weapons from the Black Market.
President Obama said that he drew the line when it came to using chemical agents by Syria’s government on its people; the chemical agent was used and some people died; however, the President did not have definite proof that it was Syria’s Government who was responsible and so President Obama sent the UN Inspectors to investigate.
The President of Russia and the U.S. thru the UN decided that Syria must turn in its entire chemical agents so that thru the United Nations this chemical can be destroyed.
This way our President avoided starting another military conflict; this was the UN Resolution on Syria.
I am sitting meditating and I hear that a Soccer player is being traded to another team for about $130 million dollar salary for six (6) years. Many times more than he was paid on the team that he was playing for.
I am told that a second player is being negotiated for at $50 million dollars.
These so called Third World countries; these countries cannot negotiate for money for loan repayments or loan forgiveness in order to continue feeding, educating and other needs for the rest of the people by this So Call Private Sector Money Gurus; they prefer to bankrupt the masses of the same countries that they are making contracts with for an individual player.
“I wonder if there is Intelligent Life on this Planet.”
The regimes in Brazil, Russia, India, China and South Africa (BRICS) are forcing open a new debate in such forums as the UNCTAD Meeting.
The net worth of the world’s 200 richest people increased from $440 billion to more than 1 trillion in just the four years from 1994 to 1998.
Hugo Chavez: the choice posed to humanity is socialism or death. “Capitalism has destroyed the ecological equilibrium of the earth.”
One of Marx’s Great Prophecies was the remarkable advance in technology would not necessarily benefit humanity particularly if it was controlled by those properties who would use science and machines to protect their gains rather than for the social advancement of all of Humanity.
World Human Slavery
Governments –––– Utopia Sociality
Basic Equality
Capitalist Market Driven Sociality
Basic Greed
Land, air space, off shore fusel fuel, coal, gold, and diamond mines, rubber trees, copper mining and other mineral resources belong to the people, who are the Government.
Barter System
Replacing the Barter system with a monetary system such as dollars, pounds and so on.
At one time or another:
One dollar is worth so many ounces of gold then:
1 pound = 2 dollars; 14 peso = 1 dollar; 20 won = 1 dollar; 4 marks= 1 dollar; 7 francs = 1 dollar and son and on.
Gold was justified using 1 dollar as a world monetary currency.
Remove the 1 dollar per ounce of gold and there is No dollar to gold standard justification.
Working Poor
Earlier, I spoke of a soccer player traded for $130 million dollars for six years; another soccer player traded for $50 million.
President Obama tried to increase minimum wages in America from $7.75 per hour to $9.75 per hour which would equal less than $14,000 per year.
In America it costs $34,000 yearly (according to the IRS Census Report).
So, if you are head of household and you are making less than $24,000 yearly then each year you go into debt for at least $10,000 per year (Working Poor).
What fool decided that a billionaire is or could possibly be 1 billion times the man that I am; or the value of my worth?
The Haves – The Have mores and the Have nots is what is the problem in the World today.
Linton L. Matthews
Lithonia, GA 30058
