Perspective

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johnw
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Perspective

I had the pleasure of hearing former Senator Tom Coburn speak earlier this week. His example of "what a million is" was priceless.

" If a person earned $40,000 over a working career of 25 years that would be a $1,000,000.How many years is is a billion ? Answer :It's 25,000 years at $40,000 per year..........According to Senator Coburn there is an under-unfunded pension liability in this country of 132 TRILLION dollars.....My calculator doesn't have that many digits spaces.........

pmconusa
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johnw: After 25 years that

johnw: After 25 years that $1 million will buy what $500,000 bought in the first year. It is the fatal flaw that is inherent in the economic system every society has adopted since abandoning barter. I expose this flaw in my book, The Real Economy. This flaw became obvious when the cost to produce gold equaled its imputed value. It was ignored because those who were benefiting from the system were loathe to change it. This is still the case today.

The flaw is the currency being used to represent the economy accumulates and is never consumed. It therefore reduces in value with each dollar issued. When the amount of naturally currency is added to by simply printing it, the rate at which the currency depreciated increases.

The natural currency is the fuel value of food,which for all foods is a constant. For example, 100 grams of wheat contains 364 kcal. One hundred grams of oranges contains about 60 kcal. The average person needs about 2500 kcal per day and with that amount can produce a continuous output of about one-half horsepower. It is the skill produced by that 1/2 horsepower that earns the currency needed to procure the food (fuel) to live another day to start the cycle all over.

The problem is everyone cannot work. Children cannot work. The sick and infirm cannot work and the elderly cannot compete with the young for the few jobs necessary for the economy to function. But, they must all eat to survive.

It is government who has hijacked the economic system and through the tax code decides who gets how much of what.
Since the Pilgrims first landed at Plymouth and the Virginia colonists in Virginia laws have been enacted to insure that the distribution of wealth was skewed in the favor of those who gave the government (Congress) the power to do so. Because a person must work to live, when gold was the only thing recognized as the legal means of exchange a welfare system had to be created to insure those who could not work had enough to live. In the process, the United States has created the largest welfare system in the world.

The problem is that supply of kcal to feed everyone and provide the fuel for the economic system is not only limited, but actually decreasing, we have had to import food and subsidize the most efficient kcal crops like wheat and corn to keep farmers from converting arable land to more profitable crops. There is a limit to this and we exacerbate it by reducing crop production while increasing he number or mouths to feed and reducing the number of jobs with which people can earn a living. At the same time we increase the number of millionaires. It is now possible to actually calculate the time when the production and consumption curves will cross and it is well within the lifetime of your grandchildren.

People like those who take me to task for the above, which they consider false, don't want you know because the system in place suits them. I believe it is Mel who worked for a firm, whose primary business was serving the government and Bruce, who actually worked for the government obtain their current income from those who still work in government or businesses whose primary customer is government, or from the taxpayer. I too benefited from the system but I also saved a lot. If the government falls and changes its policies of wealth distribution they would be destitute. Nothing could be further from he truth.

If the economic system were based on the kcal of the production of our agriculture and it was distributed, up front, to every citizen, man, woman and child, no one would get rich but, there would be no poor. Those who worked would be paid for their services by those who can no longer be self sufficient and be able to accumulate wealth in the form of housing, clothing and those things that enhance life style. This is unlike socialism.

To repeat myself, all of the above is further explained in my books, including the unconstitutional actions your government has taken to try and cure the incurable fault in the economic system we have adopted. This head in the sand attitude is now taking down our economy and the world's economy with it as food production diminishes and population increases.

Melvin Udall
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"People like those who take

"People like those who take me to task for the above, which they consider false, don't want you know because the system in place suits them."

Asserting facts not in evidence, your honor. But paranoia will make up for it.

"To repeat myself, all of the above is ...."

You can say that again. You can say that again.

Bruce Libby
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And he will!

And he will!

pmconusa
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If you two are not lost, why

If you two are not lost, why do you keep following me like a pair of hungry puppies?

johnw
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If the person making $40,000

If the person making $40,000 per year was paying 15%federal income taxes how many people need to be working to pay off a billion,a trillion.....22 trillion......Even with all of the other higher paying tax payers and other taxes ......the debt is staggering I believe that was Senator Coburn's point....

pmconusa
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Hitler did it once. He just

Hitler did it once. He just refused to pay it and the French and British could do nothing about it save invade Germany. How did Hitler finance Germany? Guess what, he sold bonds to American banks who sold them to the American public. When the 3rd Reich failed the reconstituted German government was forced by the US courts to redeemed the bonds. Now you know the rest of the story.

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