Hidden Facts about Martin Luther King, Traitor to Black America
Black History: the ultimate reason King was killed, was not his voter registration drives for Blacks, women and the poor, it was because he turned on Kennedy and friends and started speaking about economics for Black people. King was put in place by whites to stop the Black uprising originally. The buss boycotts were stopping entire cities in the south and threatened economic mayhem for whites. King was brought in to herd Blacks away from economic demonstrations to “political” demonstrations.
When he finally wised up, he was immediately killed.
Many historical revisionists will make King out to be for Blacks, but economic facts completely dismantle this love of King. Blacks enjoyed ownership of nearly every industry in America. Historians will try to confuse recent readers about Black wealth by saying how far apart Black income was, compared to white income. However, two things are wrong with that: 1. there were no 200 billionaires back then, and the economy was not that huge; 2. the income gap between whites and Blacks has actually gotten worse, not better. After the civil rights movement, Blacks were stripped of nearly all business ownership. Where Blacks were treated separately before, after the civil rights era they were targeted by wealthy white financial firms and destroyed since they were seen as competing with white businesses.
From my very unskilled analysis, I think a few things are going on here.
1. I think this number is completely manipulated. I don’t think GDP went down 0.1% I would venture GDP is down3% – 7%.
2. we are still not getting anywhere near the real unemployment / labor rates. millions have fallen out of the labor pool and are not being counted. not only are they not counted, they will not be returning because their jobs are not returning. The millions of jobs we lost almost none will return.
3. the 3% tax hike on payroll / income is not new, but you then have to remember back to 2008 when Obama promised to “lower” taxes, only to lower the front end and raise the back end, so that paychecks did not go down, but up. in the aggregate, main street is on the chopping block.
4. there is no 0% tax rate bracket any longer. this is unprecedented. i don’t even know what they hope to gain from people that make $10,000 / yr. it will push them to get onto public assistance, which will be more than they could ever hope to contribute in income taxes. its a shot to the groin area, in my opinion.
This tiny bit of news is just one piece in a very large puzzle. we cannot concentrate on this one piece and make judgments just based on this one pice, but must fit it into the entire tapestry and then make judgments.
One of the key aspects of the founders of the fed was to make sure no one knew who actually founded it; take over public education so that everyone was dumbed down; and make people completely dependent on the banking system.
Before, people nor businesses took out loans. AT ALL! For any reason! Imagine for one second, no car loan; no home loan; no school loan! If you wanted it, you saved and bought it.
Fast forward about 50 years after the creation of the Federal Reserve Bank, no one saved any more. Everyone was now in debt.
This is what happened. It’s not just about abolishing the Fed, it’s about returning the American way of life. Remember the saying “pull yourself up by your own boot straps”. That’s because if you wanted something, you worked hard, saved your money and got it. THEN, no one could take it away from you; not your land; not your car; not your furniture. There was no repo man. He didn’t exist. There was no such thing as credit. Credit was for rich people, and i mean the filthy rich people.
As wall street became more and more successful at their game of putting people in debt, the middle class began to slip into poverty. Imagine people with no self restraint. Why save when you can buy on credit, when you can take out a loan. When you take out a loan and buy on credit, not only do you not own the thing, you also owe all your money to someone else. You are basically working for them. People throw around the words “modern day slavery”, but it’s actually true.
The first lesson any of these get rich quick people tell you or those motivational speakers say is “get out of debt first”. Why? Because then you own yourself. They say, pay off your credit cards, pay off your loans. That’s the first step. Now, if even the motivational speakers all agree on this, it should dawn on people what’s going on. To a man they all agree on this notion. And, this is from nearly every monitary speaker, or economic salesman with a book. They know that at the very least, if their plan to market whatever they are personally selling, they will be 70% ahead of the game if they get everyone out of debt that they are selling to.
Mine you I am not calling any of those people wrong or am I lambasting them. I’m simply saying that whatever their formula is -> over there, they know that <- over here you have to get out of debt just to start to get ahead. So if even the best and worst of the bunch, even the charlatans agree on this simple principle and they are not tin foil hat, conspiracy theorist, abolish the fed, libertarians, there must be something at the core foundation of sound money that says, get out and stay out of debt.
Even in the old testament, and a lot of my Jewish friends ascribe to this, never put yourself in debt to anyone. In fact this is repeated in the new testament where it basically says, go pay off all your debts first then come to your brother or father or enemy and have a reasonable discussion among equals.Once again you see that notion of the the disparity between rich and poor stripped away, simply by paying off your debts. Even some versions of the Lord’s Prayer has it as saying “forgive us out debts as we forgive our debtors“. You might be reading this and be atheist, but the wise man takes advice from every possible wise source, even if he doesn’t believe in the source. Good advice can be found in fools at times. [don’t prejudice yourself against something simple because you don’t like the package]
Get out of debt and stay out of debt. Throw away and destroy all credit cards.
A lot of people are being hoodwinked and led down a path that if fraught with danger and bad times ahead. I’m counting an extra $10 trillion introduced into the economy since 2007. [I’m counting both the very open bailouts and the under the table cash infusions by the federal reserve bank, which Ben Bernanke says he doesn’t have to disclose to congress] The problem is the politicians are talking about economics, a subject most adults in America know nothing about, and they sound logical and reasonable about.
” the problem is credit has stagnated and we wish to avoid credit from being unavailable to the general public. We need to get banks lending money, but they can’t since they have so many toxic assets on their books and if they lend more money they will be far more overleveraged and they refuse to do it. If we infuse the banks with cash and lower interest rates, then you the general public will continue to be able to purchase cars and homes and big screen t.v.s and our economy is based on consumer spending.”
If the economy indeed is based on consumer spending, then 1. freeing up credit markets will allow me to make purchases / loans at a reasonable level 2. lowering interest rates are in my best interest so I don’t have to pay for a house at a high interest rate 3. infusion of cash to banks allow them to lend me money.
The problem is, this entire premise, is completely false, a lie and evil. Why do i say evil? If they are trying to convince you that our economy is based on consumer spending, then they are then allowed, BY YOU, to do whatever they need to free up lending so that you can continue to consume, at all costs, including devaluing your money. Also, if that’s the case, then the value of your dollar NEVER matters. For idiots that don’t understand, if you buy the notion that our economy is based on consumer spending then, if you have $1,000 in the bank, they can inflate the economy so you have only $500 effective buying power, because all prices have risen.
This means that no work you do; no matter what improvements your boss makes; no discoveries in efficiency to lower production costs will have any impact on the economy because they can wipe all that ingenuity away by inflating the economy overnight. If you understood that sentence , then my explanation about the Austrian Business Cycle will be easy. Reread that sentence and understand it and we can move forward.
How does your salary increase? Most Keynesian economist would say “pay me more money“. It’s a very ignorant statement to make and I’ll explain why shortly. To this end Keynesian economist say, to increase the amount of money people have, we need to raise the minimum wage. [since they can’t control other wages directly] Keynesian economist think that if you increase minimum wages then the workers can buy more, since they make more. You sitting at home immediately probably already figured out if you raise the minimum wage, a lot of people are going to be fired, so that the ones left can be paid more, OR if they pay the workers more, they increase the prices. So raising the minimum wage completely is thwarted by raising prices. If everyone raises their prices, the minimum wage raise buys less and you have a zero sum gain.
How should wages be increased? I’ve already alluded to it right in the last paragraph but I’ll point it out blatantly. You don’t get paid more money, what happens is, we become better at what we do. What does that mean? You do your same job. You get paid the same salary. Your boss however, makes improvements to the company to make your job easier, so you spend less time doing more. The store owner buys in larger bulk and gets a larger price cut per item. He then, lowers the price of goods. People discover new innovations to make your job even more efficient, so you spend less time doing the same tasks. Therefore you can do more stuff in the same amount of time, because each task is now easier to do. Your boss can now lower prices because each item is cheaper to produce.
So far, the store owner lowered prices, your boss lowered prices, and production lowered prices. Check this out. You make the same amount of money you did yesterday, but ALL PRICES OF GOODS AND SERVICES HAVE BEEN LOWERED, so your salary can buy much more.
If the system is left alone, these innovations can occur all the time and prices can be lowered and lowered. A house would take far less to produce and should cost less today than it did 10 years ago. And, because all other goods and services were lowered, you would be able to purchase a much larger house today, than you could before.
Next, let’s visit credit, because I talked about it above. Let’s think about my perfect scenario, but with banks now. Because your salary can now go further, let’s assume you don’t feel a dieing need to spend every last dime you have. You go and open a savings account, so does your neighbor, your pastor and your cousin. After several years all of you have nice lump sums in the bank. The bank says,
“oh my we have quite a bit of money in the bank. you know what we can make lots of money if we lent to more people, let’s lower interest rates.” So the bank lowers interest rates. The store owner sees interest rates go down and thinks, people have more money to spend, and interest rates are lower, let me go take a loan and expand my business. So he does. One day you walk by and now your local store has groceries and a barbershop with an old fashion shave by razor. You then decide to stop by every week and get a nice shave and haircut while you shop. The store owner pays back his loan and the bank makes money. Because of all these shaves you and your cousin have been getting, your bank accounts have gone down by half. The bank raises interest rates and less people take out loans. And, life goes on.
Are you getting angry yet? Is the light coming on? Are you putting 2 and 2 together? Yes, let’s go back the Keynesian economists? They think the government has to oversea you, and your boss and the store owner. If the store owner says, “oh no I bought to much corn meal, I’m going to lose my shirt over this” they say no problem, we’ll infuse cash to you, so you don’t lose your shirt. They just stopped all the progress you, your boss, and production have been making, because prices are now inflated. In essence, they stole from you. They also lower interest rates artificially. Then the store owner is confused and thinks he should take out a loan and expand his business. However, you and your boss don’t make what you should be making due to the new inflation. You stop by the shop and shake your head when you see the new addition, because you don’t have the money for it. After about 6 months to a year, the store owner goes completely out of business because he can’t pay back that loan he took out because no one gets haircuts and shaves.
Which brings me to the Austrian Business Cycle.
“The theory views business cycles (which they also call credit cycles) as the inevitable consequence of inherently damaging and ineffective central bank policies, which cause interest rates to remain too low for too long, resulting in excessive credit creation, speculative economic bubbles and lowered savings. According to the theory, the business cycle unfolds in the following way. Low interest rates tend to stimulate borrowing from the banking system. This expansion of credit causes an expansion of the supply of money, through the money creation process in a fractional reserve banking system. This in turn leads to an unsustainable boom during which the artificially stimulated borrowing seeks out diminishing investment opportunities. This boom results in widespread malinvestments, causing capital resources to be misallocated into areas that would not attract investment if the money supply remained stable. A correction or “credit crunch” – commonly called a “recession” or “bust” – occurs when credit creation cannot be sustained. Then the money supply suddenly and sharply contracts when markets finally “clear”, causing resources to be reallocated back towards more efficient uses.The theory proposes that a sustained period of low interest rates and excessive credit creation results in a volatile and unstable imbalance between saving and investment.”
The boom comes from The Federal Reserve lowering interests rates [not because the banks have a lot of people who have large savings accounts] and business owners start a building frenzy or opening new businesses or whatever the latest fad is. The bubble is created because all these people are put to work, that didn’t work before. There’s all this money infused into something that wasn’t at the same volume before.
The burst comes from when you, YEAH YOU, don’t go out and buy these widgets from them. Why? Because you never said you wanted them in the first place. And, you never said you wanted them at twice the price. Did you?
So what’s the answer? First we need to do away with the entire federal reserve structure and dismantle all of their banks in America. We do not need a central bank dictating to everyone, including non-business people, such as yourself, by taking your savings away from you. We need to reduce regulation on businesses. It’s just taxes that takes away buying power from businesses. The only regulation we need from the government, is protecting your constitutional rights, and protecting you from being gouged economically. We need to go on a gold standard so this entire process can never occur again. On a gold standard you, your pastor, your neighbor and your boss all can rely on what a dollar is today and tomorrow. On a gold standard, if you put money in a savings account, the government can’t come steal it. On a gold standard, although your salary won’t increase, your dollar will increase due to the price of gold increasing. We were just on the gold standard all the way up until 1971 when Richard Nixon, by himself, took us off the gold standard. [wasn’t he a great guy?] On a gold standard a bank can gouge you either.