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shooting"},{"term":"materials"},{"term":"measurement"},{"term":"meddling"},{"term":"media strategy"},{"term":"medical bills insurance"},{"term":"mental"},{"term":"methods"},{"term":"metric"},{"term":"middle"},{"term":"migration"},{"term":"military capital"},{"term":"military capitalism theory"},{"term":"minimum"},{"term":"modeling"},{"term":"models"},{"term":"monetarist"},{"term":"monetary systems war"},{"term":"morality"},{"term":"morals"},{"term":"motor vehicle"},{"term":"motor vehicle deaths"},{"term":"motor vehicles sales"},{"term":"motorcycles"},{"term":"movie"},{"term":"moving"},{"term":"multiculturalism"},{"term":"municipalities"},{"term":"myths"},{"term":"nation"},{"term":"nationalism"},{"term":"native Americans"},{"term":"natural law"},{"term":"neoliberalism"},{"term":"nerds"},{"term":"net neutrality"},{"term":"news"},{"term":"nigga"},{"term":"nigger"},{"term":"non-aggression principle"},{"term":"not in labor force"},{"term":"notmyabuela"},{"term":"obscenity"},{"term":"ocean 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stunts"},{"term":"propane"},{"term":"prosperity"},{"term":"prostitution"},{"term":"protests"},{"term":"pseudo"},{"term":"pseudo-intellectual"},{"term":"psy ops"},{"term":"punk rockers"},{"term":"puppetry"},{"term":"quantitative tightening"},{"term":"races"},{"term":"racist groups"},{"term":"rail"},{"term":"range"},{"term":"rankings"},{"term":"real dollars"},{"term":"realignment"},{"term":"realism"},{"term":"reciprocity"},{"term":"reckoning"},{"term":"red pill"},{"term":"redistribution"},{"term":"reggae"},{"term":"reports"},{"term":"reputation"},{"term":"residential reality"},{"term":"risk"},{"term":"robbery"},{"term":"rubles"},{"term":"safety"},{"term":"salaries"},{"term":"salvation"},{"term":"sanction"},{"term":"satellite"},{"term":"satellite TV"},{"term":"savings identity"},{"term":"scarcity"},{"term":"school"},{"term":"scientific polling"},{"term":"second quarter"},{"term":"securities"},{"term":"self"},{"term":"self-determination"},{"term":"self-driving cars"},{"term":"separatists"},{"term":"seppuku"},{"term":"service"},{"term":"sexes"},{"term":"sexism"},{"term":"sexual harassment"},{"term":"shark"},{"term":"shills"},{"term":"shootings"},{"term":"shorts"},{"term":"signals"},{"term":"sitcoms"},{"term":"skills"},{"term":"slavery"},{"term":"sloth"},{"term":"smartphones"},{"term":"social change"},{"term":"social control"},{"term":"social credit"},{"term":"social credit of countries"},{"term":"social democracy"},{"term":"social media"},{"term":"soda"},{"term":"sovereign"},{"term":"special reports"},{"term":"speeches"},{"term":"spirituality"},{"term":"sports franchises"},{"term":"stadiums"},{"term":"stagflation"},{"term":"standard"},{"term":"statue of liberty"},{"term":"status message"},{"term":"strategy"},{"term":"strawman"},{"term":"streaming services"},{"term":"streaming sticks"},{"term":"stupidity"},{"term":"success"},{"term":"suffering"},{"term":"supply chain disruption"},{"term":"supply chains"},{"term":"surgeon general"},{"term":"surveillance"},{"term":"tariffs"},{"term":"test"},{"term":"the West"},{"term":"theory"},{"term":"third quarter"},{"term":"trackers"},{"term":"traffic"},{"term":"transsexuality"},{"term":"travel"},{"term":"unemployment rate"},{"term":"units"},{"term":"urban whites"},{"term":"velocity"},{"term":"viewership"},{"term":"wage gap"},{"term":"wars"},{"term":"weather"},{"term":"whimsy"},{"term":"white genocide"},{"term":"white males"},{"term":"work"},{"term":"world government"},{"term":"yield curve"}],"title":{"type":"text","$t":"TRUE DOLLAR JOURNAL"},"subtitle":{"type":"html","$t":"Speculating • Investing • Innovation • World"},"link":[{"rel":"http://schemas.google.com/g/2005#feed","type":"application/atom+xml","href":"https:\/\/truedollarjournal.blogspot.com\/feeds\/posts\/default"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/-\/Congress?alt=json-in-script\u0026max-results=6"},{"rel":"alternate","type":"text/html","href":"https:\/\/truedollarjournal.blogspot.com\/search\/label\/Congress"},{"rel":"hub","href":"http://pubsubhubbub.appspot.com/"},{"rel":"next","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/-\/Congress\/-\/Congress?alt=json-in-script\u0026start-index=7\u0026max-results=6"}],"author":[{"name":{"$t":"Anonymous"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/15342121843435066933"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"generator":{"version":"7.00","uri":"http://www.blogger.com","$t":"Blogger"},"openSearch$totalResults":{"$t":"23"},"openSearch$startIndex":{"$t":"1"},"openSearch$itemsPerPage":{"$t":"6"},"entry":[{"id":{"$t":"tag:blogger.com,1999:blog-2938080886449362778.post-4905381454423459174"},"published":{"$t":"2022-04-25T14:21:00.004-07:00"},"updated":{"$t":"2022-04-25T14:21:54.047-07:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"central banking"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Congress"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Federal Reserve"},{"scheme":"http://www.blogger.com/atom/ns#","term":"inflation"}],"title":{"type":"text","$t":"Inflation in a Meme"},"content":{"type":"html","$t":"\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEiGT2JOnFPSq-yO4c1_VgpD3svVgKczvPkj7wa5_Qcu8RoDdAPpIGkIAWCPSZXPyPK_dz0CWpwGELkLSKDlPjYP4YvvdWTh9qaKiD52VyZLiwnN0rwV3LdZR_jSmWTrH2nZaAX84yQjcgCWWA2lZdbPhi9bLL4w4o3p_H6bFM2C4YK_i0eHeXwHelor\/s646\/inflation.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" data-original-height=\"488\" data-original-width=\"646\" height=\"484\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEiGT2JOnFPSq-yO4c1_VgpD3svVgKczvPkj7wa5_Qcu8RoDdAPpIGkIAWCPSZXPyPK_dz0CWpwGELkLSKDlPjYP4YvvdWTh9qaKiD52VyZLiwnN0rwV3LdZR_jSmWTrH2nZaAX84yQjcgCWWA2lZdbPhi9bLL4w4o3p_H6bFM2C4YK_i0eHeXwHelor\/w640-h484\/inflation.jpg\" width=\"640\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cbr \/\u003E\u003Cp\u003E\u003C\/p\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/4905381454423459174"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/4905381454423459174"},{"rel":"alternate","type":"text/html","href":"https:\/\/truedollarjournal.blogspot.com\/2022\/04\/inflation-in-meme.html","title":"Inflation in a Meme"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEiGT2JOnFPSq-yO4c1_VgpD3svVgKczvPkj7wa5_Qcu8RoDdAPpIGkIAWCPSZXPyPK_dz0CWpwGELkLSKDlPjYP4YvvdWTh9qaKiD52VyZLiwnN0rwV3LdZR_jSmWTrH2nZaAX84yQjcgCWWA2lZdbPhi9bLL4w4o3p_H6bFM2C4YK_i0eHeXwHelor\/s72-w640-h484-c\/inflation.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-2938080886449362778.post-5045231704015985466"},"published":{"$t":"2022-04-13T05:51:00.004-07:00"},"updated":{"$t":"2022-04-13T06:51:36.973-07:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Biden economy"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Chuck Schumer"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Congress"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Donald Trump"},{"scheme":"http://www.blogger.com/atom/ns#","term":"economics"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Federal Reserve"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Great Global Depression"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Joe Biden"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Nancy Pelosi"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Pelosi-Schumer Spending Inflation"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Super Depression 2022"}],"title":{"type":"text","$t":"Biden, Pelosi, Schumer and the Federal Reserve \/ Davos Crowd Built Back Worse in 2022. Super Depression, 2008-2022."},"content":{"type":"html","$t":"\u003Cp\u003E\u003C\/p\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"https:\/\/blogger.googleusercontent.com\/img\/a\/AVvXsEjwd3zCSulCh1iYVn1ADMPK86D_K5Ha348YQsH_2g-8ttGPUdXcuTeAvrTO4Z22KMJxu_2MVS9AvGxLZ3sOA0tlq55aanocxWH8GSxd4RdCnGXqPhehnoV3Xq_9IorjIsF2ZYq4q7zS7IXWVkcm_CpqEFgGcA8aph4R9axaiHyejJAGN9jrh4YDtJwo\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cimg alt=\"\" data-original-height=\"564\" data-original-width=\"720\" height=\"502\" src=\"https:\/\/blogger.googleusercontent.com\/img\/a\/AVvXsEjwd3zCSulCh1iYVn1ADMPK86D_K5Ha348YQsH_2g-8ttGPUdXcuTeAvrTO4Z22KMJxu_2MVS9AvGxLZ3sOA0tlq55aanocxWH8GSxd4RdCnGXqPhehnoV3Xq_9IorjIsF2ZYq4q7zS7IXWVkcm_CpqEFgGcA8aph4R9axaiHyejJAGN9jrh4YDtJwo=w640-h502\" width=\"640\" \/\u003E\u003C\/span\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003Cp\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003ETrue. The right fix out of this ever growing stagflation is to produce more and not merely more oil and more natural gas, but more everything.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003EThe problem is too many dollars owing to Biden's, Pelosi's, and Schumer's America Rescue Plan.\u0026nbsp;\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003EThe problem is not an increase in bank credit that would accompany an expanding economy. The economy has been contracting for awhile, since 2008 in true terms.\u0026nbsp; Federal Reserve Board of Governors papered over that contraction with more than a decade of QE and ZIRP.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003ESee my works:\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003C\/p\u003E\u003Cul style=\"text-align: left;\"\u003E\u003Cli\u003E\u003Ca href=\"https:\/\/truedollarjournal.blogspot.com\/2022\/04\/booming-biden-economy-oh-really-likely.html\"\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003EBooming Biden Economy? Oh Really? Likely the USA Has Remained in Economic Depression Since 2008.\u003C\/span\u003E\u003C\/a\u003E\u003C\/li\u003E\u003Cli\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Ca href=\"http:\/\/truedollarjournal.blogspot.com\/2022\/03\/federal-reserve-continues-hashtag-fake.html\"\u003EFederal Reserve Continues Hashtag Fake Central Banking into 2022\u003C\/a\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/li\u003E\u003C\/ul\u003E\u003Cp\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003EQE was high for years, but after a small sell down of QE instruments, FR BoGs took QE hyperbolic over politicians' Covid lockdowns to pay for Congress' debt.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003EThose stimmy dollars went into the hands of the people rather than into stonks, into which\u0026nbsp; previous QE had been sloshing.\u003C\/span\u003E\u003C\/p\u003E\u003Ch3 style=\"text-align: left;\"\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003EThe Simplest Model of the U.S.A. Economy\u003C\/span\u003E\u003C\/h3\u003E\u003Cp\u003E\u003C\/p\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"https:\/\/blogger.googleusercontent.com\/img\/a\/AVvXsEjuN1GUjRqf4gd3Cd53HJfpCqXVmOnrTGFsyATBn318pdR33-Gby6xuN23vGd2RFSq7LmpRzG1EeQzNAS5FRYxQkYCCw8ZDY_n0r_jO7C_m01MlH-Emv8WmSKNk-wi4oeGZ92pGd_mCgw0Nus0Yk2Ri7rkm4K0VhDngEu7nLYA_fBz_H10-O6dkUYzn\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cimg alt=\"\" data-original-height=\"104\" data-original-width=\"619\" height=\"108\" src=\"https:\/\/blogger.googleusercontent.com\/img\/a\/AVvXsEjuN1GUjRqf4gd3Cd53HJfpCqXVmOnrTGFsyATBn318pdR33-Gby6xuN23vGd2RFSq7LmpRzG1EeQzNAS5FRYxQkYCCw8ZDY_n0r_jO7C_m01MlH-Emv8WmSKNk-wi4oeGZ92pGd_mCgw0Nus0Yk2Ri7rkm4K0VhDngEu7nLYA_fBz_H10-O6dkUYzn=w640-h108\" width=\"640\" \/\u003E\u003C\/span\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003EIf the right side grows faster than the left side, prices \"fall,\" that is, the left side has rising buying power. If the left side grows faster than the right side, prices \"rise,\" that is, the left side has falling buying power.\u003C\/span\u003E\u003Cp\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003ERight now, the left side is too high relative to the right side. Unless one robs the people and destroys much of the left side, the only other way to fix this is increasing massively, the right side. If dollars and checkable deposits can not be retired permanently from the economy, i.e., destroyed, the only way things get fixed is if the right side grows faster than the left side until there is high efficiency in the circulation of dollars and checkable deposits.\u0026nbsp;\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003EInstead, the Federal Reserve intends to slow the economy with Fed Funds Rate (inter-bank lending rate) hikes. That will kill borrowing by banks from other banks somewhat as well as raise the Prime Rate and from that all lending rates to corporate entities and individuals. Hence, that will kill growth. Said another way, FR BoG will try to engineer what they call and what every egg head Ph.D parrots, a \"recession\".\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003EBut since there has been no sustained recovery since 2008, all they will do is push Americans further into economic depression. During Trump's presidency, a recovery began to take hold, but that recovery was short-lived. The politicians' mandated lock downs killed that Trump recovery.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Ca href=\"https:\/\/blogger.googleusercontent.com\/img\/a\/AVvXsEj114F2U633qxmQJYRX5RTeznCxV1jFbnxvO_OioT5fRb0W9bkw8Ku2-o9lznE7azQOFm_orhDXMv5-kuEYaPOz3kGf4Te_xE-zrmE5ogiWClMzsk93OW-X8CVllynqqCafpDlqpbiVsA0zXOeGeB8HY2cMuMxVECNTBPewvpIj9sv7AzK0mAsyLneU\" style=\"margin-left: 1em; margin-right: 1em; text-align: center;\"\u003E\u003Cimg alt=\"\" data-original-height=\"242\" data-original-width=\"640\" height=\"242\" src=\"https:\/\/blogger.googleusercontent.com\/img\/a\/AVvXsEj114F2U633qxmQJYRX5RTeznCxV1jFbnxvO_OioT5fRb0W9bkw8Ku2-o9lznE7azQOFm_orhDXMv5-kuEYaPOz3kGf4Te_xE-zrmE5ogiWClMzsk93OW-X8CVllynqqCafpDlqpbiVsA0zXOeGeB8HY2cMuMxVECNTBPewvpIj9sv7AzK0mAsyLneU=w640-h242\" width=\"640\" \/\u003E\u003C\/a\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: \u0026quot;Fira Sans\u0026quot;;\"\u003EYou should be readying yourself for the inflationary depression phase of the Super Depression in which you are living. Products will be hard to come by as it is now along with high prices for those products.\u003C\/span\u003E\u003C\/p\u003E\u003Ch3 style=\"text-align: left;\"\u003E\u003Cspan style=\"font-family: \u0026quot;Fira Sans\u0026quot;;\"\u003EThe European Union and Russia\u003C\/span\u003E\u003C\/h3\u003E\u003Cp\u003E\u003Cspan style=\"font-family: \u0026quot;Fira Sans\u0026quot;;\"\u003EIt will only get worse as Europeans screw themselves by cutting off themselves from Russian natural gas and Russian oil. Europeans will produce less. That will cause the EU to produce less. Lower production will mean fewer exports to the USA. Right now, the EU member states combined are the second biggest trading partner with the USA.\u0026nbsp;\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: \u0026quot;Fira Sans\u0026quot;;\"\u003EUntil at least 2020,\u0026nbsp; EU Europeans had been running a massive trade surplus with Americans. Expect that to shrink significantly now. That will mean even fewer products for Americans to buy.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: \u0026quot;Fira Sans\u0026quot;;\"\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Ctable align=\"center\" cellpadding=\"0\" cellspacing=\"0\" class=\"tr-caption-container\" style=\"margin-left: auto; margin-right: auto;\"\u003E\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd style=\"text-align: center;\"\u003E\u003Ca href=\"https:\/\/blogger.googleusercontent.com\/img\/a\/AVvXsEgaqrf-7L2MQLNWTmKaQu0pWpDlk0UaYf5fQVZxXzWPXnXjiudGzQL9MwDVS5Pam_bpJOKCEOQqx15-t0zB5FvXUa9FYPgvxyDwgqZHuFx_o95kMXUhf8edercvV6ooddy8zOnxwMmt1d6m-sY1cK33FetW_F8HTZF7fdD26yl1iXdbgbdngiF9n2nn\" style=\"margin-left: auto; margin-right: auto;\"\u003E\u003Cimg alt=\"\" data-original-height=\"595\" data-original-width=\"810\" height=\"470\" src=\"https:\/\/blogger.googleusercontent.com\/img\/a\/AVvXsEgaqrf-7L2MQLNWTmKaQu0pWpDlk0UaYf5fQVZxXzWPXnXjiudGzQL9MwDVS5Pam_bpJOKCEOQqx15-t0zB5FvXUa9FYPgvxyDwgqZHuFx_o95kMXUhf8edercvV6ooddy8zOnxwMmt1d6m-sY1cK33FetW_F8HTZF7fdD26yl1iXdbgbdngiF9n2nn=w640-h470\" width=\"640\" \/\u003E\u003C\/a\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd class=\"tr-caption\" style=\"text-align: center;\"\u003E\u003Cspan face=\"sans-serif\" style=\"background-color: white; color: #202122; font-size: 14px; text-align: start;\"\u003EThe largest\u0026nbsp;\u003C\/span\u003E\u003Ca class=\"hintLink\" href=\"https:\/\/en.wikipedia.org\/wiki\/US\" reltitle=\"US\" style=\"background: none rgb(255, 255, 255); color: #0645ad; font-family: sans-serif; font-size: 14px; position: relative; text-align: start; text-decoration-line: none;\"\u003EU\u003C\/a\u003ESA\u003Cspan face=\"sans-serif\" style=\"background-color: white; color: #202122; font-size: 14px; text-align: start;\"\u003E\u0026nbsp;partners, total trade in goods\u0026nbsp; in millions of\u0026nbsp;USD,\u003C\/span\u003E\u003Cspan face=\"sans-serif\" style=\"background-color: white; color: #202122; font-size: 14px; text-align: start;\"\u003E\u0026nbsp;2017\u0026nbsp;\u003C\/span\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003C\/tbody\u003E\u003C\/table\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cp\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003EThere is much upside for Southeast Asian exporters and India if they can get the energy they need to fuel production. Prospects are good for non-aligned exporters from India, Vietnam, Malaysia, Thailand and Indonesia.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: \u0026quot;Fira Sans\u0026quot;;\"\u003EStupidly though, the Japanese and the South Koreans have joined in the G7 \/ WEF \/ globalist sanction regime against Russia. Otherwise, they could increase their share of luxury car sales to Americans.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003Cp\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\"font-family: Fira Sans;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cbr \/\u003E\u003C\/p\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/5045231704015985466"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/5045231704015985466"},{"rel":"alternate","type":"text/html","href":"https:\/\/truedollarjournal.blogspot.com\/2022\/04\/biden-pelosi-schumer-and-federal.html","title":"Biden, Pelosi, Schumer and the Federal Reserve \/ Davos Crowd Built Back Worse in 2022. Super Depression, 2008-2022."}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"https:\/\/blogger.googleusercontent.com\/img\/a\/AVvXsEjwd3zCSulCh1iYVn1ADMPK86D_K5Ha348YQsH_2g-8ttGPUdXcuTeAvrTO4Z22KMJxu_2MVS9AvGxLZ3sOA0tlq55aanocxWH8GSxd4RdCnGXqPhehnoV3Xq_9IorjIsF2ZYq4q7zS7IXWVkcm_CpqEFgGcA8aph4R9axaiHyejJAGN9jrh4YDtJwo=s72-w640-h502-c","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-2938080886449362778.post-305410144038628345"},"published":{"$t":"2019-06-16T11:17:00.001-07:00"},"updated":{"$t":"2019-06-16T16:34:16.309-07:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Congress"},{"scheme":"http://www.blogger.com/atom/ns#","term":"debt"},{"scheme":"http://www.blogger.com/atom/ns#","term":"deficits"},{"scheme":"http://www.blogger.com/atom/ns#","term":"federal spending"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Warren Buffett"}],"title":{"type":"text","$t":"WARREN BUFFETT, THE OVERHYPED CLOWN OF CLOWN WORLD OF THE LAST 30 YEARS, REVEALS HIS STUPIDITY OVER PERPETUAL DEFICIT SPENDING BY CONGRESS"},"content":{"type":"html","$t":"\u003Cbr \/\u003E\nRecently, I came across this meme quoting Warren Buffett.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\n\u003Ca href=\"https:\/\/i.imgur.com\/hnObdhV.png\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" data-original-height=\"557\" data-original-width=\"574\" height=\"310\" src=\"https:\/\/i.imgur.com\/hnObdhV.png\" width=\"320\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nNot one to fall for hoaxes, a search with DuckDuckGo search revealed this clip from financial propaganda broadcaster CNBC:\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ciframe height=\"480\" src=\"https:\/\/pdl-iphone-cnbc-com.akamaized.net\/VCPS\/Y2011\/M07D07\/3000032014\/5ED3-Buffett-OnEndingDeficiet_L.mp4\" width=\"640\"\u003E\n\u003C\/iframe\u003E\n\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nBuffett said this:\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\"I could end the deficit in five minutes. You just pass a law that says that any time there's a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election. Yeah, yeah, now you've got the incentives in the right place, right?\"\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nBut that would fail to end a fiscal year deficit as it would allow for a deficit of $631.5 billion as 3% of current dollar GDP calculates to that sum. Current dollar GDP is over $21 TRILLION.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nAssuming the debt is zero, which it is not, with\u003Ca href=\"https:\/\/fred.stlouisfed.org\/series\/GDP\"\u003E current GDP as $21.049 trillion\u003C\/a\u003E\u0026nbsp;and assuming 3% GDP growth with deficit spending at 3% of GDP each year, the cumulative debt in 10 years on Buffett's plan \"to end the deficit in five minutes\" would be $7.239 TRILLION!\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nThus, Buffett reveals his stupidity and the sycophantic, #FakeNews CNBC host \/ presenter in the clip lacked the intellect to question Buffett on his publicly-expressed stupidity.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nThe way to stop deficits and thus deficits cumulating into a running debt is to end positive-rights jurisprudence, you know, constitutionally-questionable stuff like Medicare, Medicaid, SNAP \/ food stamps, Section 8 vouchers, Pell grants, subsidies to farmers.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nAs well, you start levying tariffs on all imports from all countries whose capital spending per person is less than that of the USA and you do it proportionally. To see why Congress should levy tariffs, see this work on the True Dollar Journal:\u0026nbsp;\u003Ca href=\"http:\/\/truedollarjournal.blogspot.com\/2017\/10\/nafta-canadians-should-pay-155-tariff.html\"\u003ENAFTA? CANADIANS SHOULD PAY A 15.5% TARIFF FOR EXPORTS INTO THE USA. THE WORLD SHOULD PAY MUCH MORE.\u003C\/a\u003E\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nBuffett is a corrupt political entrepreneur.\u003Ca href=\"https:\/\/www.blogger.com\/\"\u003E\u003Cspan id=\"goog_1367464191\"\u003E\u003C\/span\u003E Buffett profited from the 2008 bankers' bailout\u003C\/a\u003E\u0026nbsp;after the collapse of banking owing to the largest credit bubble created in the history of mankind, the Greenspan-Bernanke Great Inflation.\u0026nbsp;Buffett is the most overhyped billionaires as a \"shrewd investor\" in the history of the USA.\u003Cbr \/\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/305410144038628345"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/305410144038628345"},{"rel":"alternate","type":"text/html","href":"https:\/\/truedollarjournal.blogspot.com\/2019\/06\/warren-buffett-overhyped-clown-of-clown.html","title":"WARREN BUFFETT, THE OVERHYPED CLOWN OF CLOWN WORLD OF THE LAST 30 YEARS, REVEALS HIS STUPIDITY OVER PERPETUAL DEFICIT SPENDING BY CONGRESS"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}]},{"id":{"$t":"tag:blogger.com,1999:blog-2938080886449362778.post-1035218685500238149"},"published":{"$t":"2018-11-08T09:53:00.003-08:00"},"updated":{"$t":"2018-11-08T13:24:30.738-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"2018"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Congress"},{"scheme":"http://www.blogger.com/atom/ns#","term":"House of Representatives"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Midterm Elections"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Midterms"}],"title":{"type":"text","$t":"2018 USA MIDTERM ELECTIONS. WHAT HAPPENED TO THE HOUSE OF REPRESENTATIVES? A BLUE WAVE OR PRESIDENT TRUMP VICTORY? #FAKENEWS NEW YORK TIMES"},"content":{"type":"html","$t":"Much hay is being made by the Establishment's Propaganda Machinery about the results of yesterday's 2018 elections, the so-called mid-term (half way through a sitting president's term) elections.\u003Cbr \/\u003E\n\u003Ca href=\"https:\/\/i.imgur.com\/tbgGjVY.jpg\" imageanchor=\"1\" style=\"clear: right; float: right; margin-bottom: 1em; margin-left: 1em;\"\u003E\u003Cimg border=\"0\" data-original-height=\"447\" data-original-width=\"800\" height=\"222\" src=\"https:\/\/i.imgur.com\/tbgGjVY.jpg\" width=\"400\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nEstablished media continue to parrot their propaganda of a \"blue wave.\"\u003Cbr \/\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cdiv\u003E\n\u003Cdiv\u003E\nThe editors of the New York Times published this claim by their propaganda writers,\u0026nbsp; Jonathan Martin and Alexander Burns (see: \u003Ca href=\"https:\/\/www.nytimes.com\/2018\/11\/06\/us\/politics\/midterm-elections-results.html\"\u003EDemocrats Capture Control of House; G.O.P. Holds Senate - The New York Times\u003C\/a\u003E):\u003C\/div\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cblockquote class=\"tr_bq\"\u003E\nDemocrats harnessed voter fury toward President Trump to win control of the House and capture pivotal governorships Tuesday night as liberals and moderates banded together to deliver a forceful rebuke of Mr. Trump, even as Republicans held on to their Senate majority by claiming a handful of conservative-leaning seats.\u003C\/blockquote\u003E\nUnless Martin and Burns can produce a post-election scientific poll, which respondents aknowledge \"fury,\"\u0026nbsp; their claim is #FakeNews. Further, it is impossible for anyone to \"deliver a forceful rebuke\" to the President.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nRebuke is an Anglo-French word that entered English in the 1300s. The word means \u003Ci\u003Eto reprimand, reprove; chide, scold.\u003C\/i\u003E To do such requires a position of power, authority. Voters lack such power against President Trump during mid-term elections.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nAnother propagandist for #FakeNews New York Times, Sheryl Gay Stolberg, wrote, \"... voters in urban and suburban districts across the country sent the White House a clear message: They want a check on the president,\" (see:\u0026nbsp;\u003Ca href=\"https:\/\/www.nytimes.com\/2018\/11\/06\/us\/politics\/trump-house-senate.html\"\u003ETwo Years After Trump’s Victory, Voters Erect an Impediment to His Power - The New York Times\u003C\/a\u003E).\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nAgain, without a scientific poll that can capture that exact sentiment and that can be projected to the universe of voters, Stolberg has done little more than engage in propaganda.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ch3\u003E\nSo Truly What Happened on Election Day?\u003C\/h3\u003E\n\u003Cbr \/\u003E\nSo what happened? What can anyone conclude from the 2018 Mid-Term Elections results? Well, what are the facts?\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nLuckily for you, I have crunched the numbers. Having done so for you, you can get the true story that no one else will tell you.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nBefore we delve into the numbers and yes, delve is the word that escapes all those dummies who parrot the phrase \"deep dive\" of late, you should know a few important facts.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nFirst, according to Ballotpedia, a total of 54 representatives did not seek re-election to their U.S. House districts. Of that 54, 36, or two of every three empty seats, had been held by Republican members of the U.S. House.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nDrew Desilver of the Pew Research Center claimed this to be the most House members choosing not to run for re-election than at any time in the past quarter-century including a record number of Republicans (see: \u003Ca href=\"http:\/\/www.pewresearch.org\/fact-tank\/2018\/04\/11\/near-record-number-of-house-members-not-seeking-re-election-in-2018\/\"\u003ENear-record number of House members not seeking re-election in 2018\u003C\/a\u003E).\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ch3\u003E\nAnd Now the Numbers\u003C\/h3\u003E\n\u003Cbr \/\u003E\nThe big news, of course, is the capturing of control of the House of Representatives by the Democratic Party. From the 115th Congress to the forthcoming 116th, the Dems won 30 House seats.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nIn spite of endless blue wave propaganda, no blue wave happened. Even with 30 more Dems sitting in the upcoming House, a mere two percent separates the winners of the control of the House of Representatives, the Democrats, from the Republicans, 51% to 49%. That two percent margin translates to a scant 11 seats.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ch3\u003E\n\u003C\/h3\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cdiv\u003E\n\u003Ciframe height=\"380\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vSPjm04-CrRmz8U-WUnJqkqkXMhnlekp95N7rVGVBlAq9tXCWeZF42BN6PbJ8Kk9geAOz4KPHr2K8db\/pubhtml?gid=1636199092\u0026amp;single=true\u0026amp;widget=true\u0026amp;headers=false\" width=\"640\"\u003E\u003C\/iframe\u003E\n\u003C\/div\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\n\u003Ch3\u003E\nIncumbents Always Do Well\u003C\/h3\u003E\n\u003Cbr \/\u003E\nIncumbents did well, regardless of party. Nearly eight of every 10 incumbents will return to D.C.\u0026nbsp;\u0026nbsp;\u003Cspan style=\"font-family: \u0026quot;arial\u0026quot;;\"\u003EOf the 334 incumbents who will return to D.C., 52% of them are Republicans while 48% are Democrats.\u0026nbsp;\u003C\/span\u003E\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ch3\u003E\nFresh Faces Trump Challengers to Incumbents\u003C\/h3\u003E\n\u003Cbr \/\u003E\nElections where both the Democratic Party and Republican Party candidates were first-timers and thus unknown voters, first-timers did thrice as well as challengers who ran against incumbents.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nAs with incumbents, GOPher fresh faces edged Dem fresh faces, 51% to 49%.\u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cdiv\u003E\n\u003Ch3\u003E\nWhat Should Have the Democratic Party Masterminds Fretting?\u003C\/h3\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cdiv\u003E\nNo doubt, Democratic Party operatives are floating high in the clouds after yesterday. They can point to 24 victories where they put challengers who beat incumbent Republicans.\u0026nbsp;\u003C\/div\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cdiv\u003E\nHowever, of those 24 victories, 15 happened in districts of states where voters voted for Hillary Clinton in 2016. That is 62.5% of their challenger victories happened in Democratic Party states. Likely, those victories reflect demographics changes rather than supposed dissatisfaction with President Trump.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nEven more troubling for Dems is this. While 30.6% of New Dems (challengers and fresh faces) won seats in Trump states, 38.5% of New GOP won seats in Hillary (Democratic Party) states.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nThat said, the Dems in effect flipped Iowa solidly for the 2020 elections while pushing Arizona toward leaning Democratic Party. That could translate into +17 electoral college votes. Meanwhile, the GOP have flipped Wisconsin into a solid GOP state, in spite of losing the governorship. That could translate to +10 electoral votes in 2020.\u003C\/div\u003E\n\u003Cbr \/\u003E\nHere is a breakdown of the GOP and Dems by state and by whether the winner is an incumbent, challenger or a new face.\u003Cbr \/\u003E\n\u003Cspan style=\"font-family: \u0026quot;arial\u0026quot;;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\n\u003Cspan style=\"font-family: \u0026quot;arial\u0026quot;;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\n\u003Ciframe height=\"380\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vSPjm04-CrRmz8U-WUnJqkqkXMhnlekp95N7rVGVBlAq9tXCWeZF42BN6PbJ8Kk9geAOz4KPHr2K8db\/pubhtml?gid=580401489\u0026amp;single=true\u0026amp;widget=true\u0026amp;headers=false\" width=\"640\"\u003E\u003C\/iframe\u003E\n\n"},"link":[{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/1035218685500238149"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/1035218685500238149"},{"rel":"alternate","type":"text/html","href":"https:\/\/truedollarjournal.blogspot.com\/2018\/11\/2018-usa-midterm-elections-what.html","title":"2018 USA MIDTERM ELECTIONS. WHAT HAPPENED TO THE HOUSE OF REPRESENTATIVES? A BLUE WAVE OR PRESIDENT TRUMP VICTORY? #FAKENEWS NEW YORK TIMES"}],"author":[{"name":{"$t":"Anonymous"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/15342121843435066933"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}]},{"id":{"$t":"tag:blogger.com,1999:blog-2938080886449362778.post-6986009749280486199"},"published":{"$t":"2017-08-17T11:43:00.001-07:00"},"updated":{"$t":"2017-09-20T06:46:23.342-07:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"2017"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Congress"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Debt-to-GDP"},{"scheme":"http://www.blogger.com/atom/ns#","term":"indebtedness"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Keynesianism"}],"title":{"type":"text","$t":"CONGRESS' DEBT CONTINUES TO FALL. THE DEBT-TO-GDP RATIO STAYS UGLY IN 2017. THE ALWAYS INDEBTED U.S. CONGRESS AND THE KEYNESIAN FALLACY OF GOVERNMENT SPENDING IS GOOD."},"content":{"type":"html","$t":"\u003Cbr \/\u003E\nToday, \u003Ca href=\"http:\/\/www.pewresearch.org\/fact-tank\/2017\/08\/17\/5-facts-about-the-national-debt-what-you-should-know\/\"\u003EAugust 17, 2017, the Pew Research Center published 5 Facts About the National Debt\u003C\/a\u003E. In the work, writer Drew DeSilver alludes to the forthcoming raise the debt ceiling showdown in Congress.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nSo what is the true picture of Congress' debt? Once current dollars get normalized into True Dollars™, the only effective way to discount for inflation under a fiduciary monetary system, Congress' debt has been falling since it hit a peak on September 30th, 2010. Since the True Dollar peak, Congress' debt has fallen 30.4%\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ciframe frameborder=\"0\" height=\"371\" scrolling=\"no\" seamless=\"\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/1LYufsm8ISMiZossF2h47WU2VhqQ2zbLqCV7CnF38_Ys\/pubchart?oid=864969690\u0026amp;format=interactive\" width=\"640\"\u003E\u003C\/iframe\u003E\n\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nThe current debt of Congress as priced in True Dollars™ has fallen 16.5% below what it was at True Peak GDP.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ciframe frameborder=\"0\" height=\"371\" scrolling=\"no\" seamless=\"\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/1LYufsm8ISMiZossF2h47WU2VhqQ2zbLqCV7CnF38_Ys\/pubchart?oid=337927613\u0026amp;format=interactive\" width=\"640\"\u003E\u003C\/iframe\u003E\n\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nHowever, Congress' debt is still 73.5% above the long run average.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ciframe frameborder=\"0\" height=\"371\" scrolling=\"no\" seamless=\"\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/1LYufsm8ISMiZossF2h47WU2VhqQ2zbLqCV7CnF38_Ys\/pubchart?oid=1417052616\u0026amp;format=interactive\" width=\"640\"\u003E\u003C\/iframe\u003E\n\n\u003Cbr \/\u003E\n\u003Ch3\u003E\nDebt To GDP\u003C\/h3\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cdiv\u003E\nThe Debt-to-GDP ratio of Congress' debt is ugly.\u0026nbsp;\u003C\/div\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ciframe frameborder=\"0\" height=\"371\" scrolling=\"no\" seamless=\"\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/1Vx6UEx-O0WP79Jhn4dYh7_rBi6XVC-todZFeuVrabm0\/pubchart?oid=864969690\u0026amp;format=interactive\" width=\"640\"\u003E\u003C\/iframe\u003E\n\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nThe ratio as calculated in True Dollars has stayed within a range since 2012.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ciframe frameborder=\"0\" height=\"371\" scrolling=\"no\" seamless=\"\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/1Vx6UEx-O0WP79Jhn4dYh7_rBi6XVC-todZFeuVrabm0\/pubchart?oid=632891048\u0026amp;format=interactive\" width=\"640\"\u003E\u003C\/iframe\u003E\n\n\u003Cbr \/\u003E\nAnd the ratio to the long run average since 1959 is quite high, still hovering over double the average.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ciframe frameborder=\"0\" height=\"371\" scrolling=\"no\" seamless=\"\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/1Vx6UEx-O0WP79Jhn4dYh7_rBi6XVC-todZFeuVrabm0\/pubchart?oid=1417052616\u0026amp;format=interactive\" width=\"640\"\u003E\u003C\/iframe\u003E\n\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ch3\u003E\nCONGRESS SPENDING AND GDP\u003C\/h3\u003E\n\u003Cdiv\u003E\n\u003Ca href=\"https:\/\/i.imgur.com\/YBszHMY.jpg\" imageanchor=\"1\" style=\"clear: right; float: right; margin-bottom: 1em; margin-left: 1em;\"\u003E\u003Cimg border=\"0\" data-original-height=\"350\" data-original-width=\"462\" height=\"302\" src=\"https:\/\/i.imgur.com\/YBszHMY.jpg\" width=\"400\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\n\u003Cdiv\u003E\nIt is dogma by academicians in economics that government spending is a boon. They believe when an economy flounders, lawgivers simply should step in, run deficits and magically, the economy will grow.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nThey have been preaching such foolery since John Maynard Keynes came up with the rhetoric to justify excessive government spending.\u0026nbsp;\u003C\/div\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Ciframe frameborder=\"0\" height=\"371\" scrolling=\"no\" seamless=\"\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/1Vx6UEx-O0WP79Jhn4dYh7_rBi6XVC-todZFeuVrabm0\/pubchart?oid=1283837028\u0026amp;format=interactive\" width=\"640\"\u003E\u003C\/iframe\u003E\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nYet, as you can see, when the Debt-to-GDP ratio becomes excessive, the economy falters.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ciframe frameborder=\"0\" height=\"371\" scrolling=\"no\" seamless=\"\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/1Vx6UEx-O0WP79Jhn4dYh7_rBi6XVC-todZFeuVrabm0\/pubchart?oid=1117273502\u0026amp;format=interactive\" width=\"640\"\u003E\u003C\/iframe\u003E\n\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nThe U.S. economy consistently grew from Kennedy until Reagan. Under the excessive debt growth during the Reagan and Bush senior years, in True Dollars, the only measure that counts, the U.S. economy shrank.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nDuring the Clinton years, the Debt-to-GDP ratio fell 17.1%. And GDP boomed during the Clinton years, mostly owing to the massive commercial debt during the Greenspan years of the \u003Ci\u003EGreenspan-Bernanke Great Inflation\u003C\/i\u003E, the greatest credit bubble in the history of mankind.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nDuring the 16 years of Bush junior and Obama, the economy barely grew under Bush and decidedly shrank during the Greatest Depression of the Obama years.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ciframe frameborder=\"0\" height=\"371\" scrolling=\"no\" seamless=\"\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/1gEv-010lu4nfNMrhVDRfdrv7I9BquJL5i3UyGBjf2B0\/pubchart?oid=1038974266\u0026amp;format=interactive\" width=\"640\"\u003E\u003C\/iframe\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/6986009749280486199"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/6986009749280486199"},{"rel":"alternate","type":"text/html","href":"https:\/\/truedollarjournal.blogspot.com\/2017\/08\/the-debt-to-gdp-ratio-continues-to-fall.html","title":"CONGRESS' DEBT CONTINUES TO FALL. THE DEBT-TO-GDP RATIO STAYS UGLY IN 2017. THE ALWAYS INDEBTED U.S. CONGRESS AND THE KEYNESIAN FALLACY OF GOVERNMENT SPENDING IS GOOD."}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}]},{"id":{"$t":"tag:blogger.com,1999:blog-2938080886449362778.post-992010871987927294"},"published":{"$t":"2017-07-20T12:40:00.001-07:00"},"updated":{"$t":"2017-07-22T07:49:19.004-07:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"commercial banking"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Congress"},{"scheme":"http://www.blogger.com/atom/ns#","term":"jurisprudence"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Laurence M. Vance"},{"scheme":"http://www.blogger.com/atom/ns#","term":"law"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Lew Rockwell"},{"scheme":"http://www.blogger.com/atom/ns#","term":"libertarianism"},{"scheme":"http://www.blogger.com/atom/ns#","term":"libertarians"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Murray Rothbard"},{"scheme":"http://www.blogger.com/atom/ns#","term":"non-aggression principle"},{"scheme":"http://www.blogger.com/atom/ns#","term":"taxation"}],"title":{"type":"text","$t":"BEGGAR-THY-NEIGHBOR LIBERTARIAN LAURENCE M. VANCE CONTRADICTS HIMSELF IN HIS REBUTTAL TO THE TRUE DOLLAR JOURNAL"},"content":{"type":"html","$t":"On July 18, 2017, in \u003Ca href=\"https:\/\/lewrockwell.com\/2017\/07\/laurence-m-vance\/tax-deductions\/\"\u003EDo Tax Deductions Violate the Non-Aggression Principle?, Lewrockewell.com published a work by Laurence M. Vance\u003C\/a\u003E in which Vance struggles at rebuttal to my work, \u003Ca href=\"http:\/\/truedollarjournal.blogspot.com\/2017\/07\/californian-scheming-californians-and.html\"\u003ECALIFORNIAN SCHEMING. CALIFORNIANS AND RESIDENTS OF A FEW OTHER BUM STATES ARE THE ULTIMATE FEDERAL TAX FREELOADERS AND LIBERTARIANS CHEER FOR THEM\u003C\/a\u003E.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nAmusingly, Vance refers to me as \"one guy—a blogger\" in a lame at ad hominem as if blogger is a pejorative and Vance someone how must be my superior because he is a writer. Vance seems to be one of those over-educated guys — too many college degrees — who lacks an intellect strong enough for rational, independent, original thinking.\u003Cbr \/\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ca href=\"https:\/\/2.bp.blogspot.com\/-vlCuXWLA2Ss\/WXEFiqDdXzI\/AAAAAAAA1rQ\/pbwZ8azY19o0Y_kVEPW0EZR_osuApZpJACLcBGAs\/s1600\/2017-07-20%2B15_32_03-libertarian.gif%2B%2528390%25C3%2597441%2529.png\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" data-original-height=\"476\" data-original-width=\"480\" height=\"317\" src=\"https:\/\/2.bp.blogspot.com\/-vlCuXWLA2Ss\/WXEFiqDdXzI\/AAAAAAAA1rQ\/pbwZ8azY19o0Y_kVEPW0EZR_osuApZpJACLcBGAs\/s320\/2017-07-20%2B15_32_03-libertarian.gif%2B%2528390%25C3%2597441%2529.png\" width=\"320\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\nIn my original work, which prompted Vance's weak attempt at rebuttal, I revealed how residents of states whose lawgivers impose high income taxes are free-riding on residents of states with no or low income taxes precisely because Congress lets high-tax state residents pay less in federal taxes. In effect, high-tax state residents get to enjoy the benefits of the U.S. Congress and its agencies while letting residents of low-tax states pay the bills.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nVance ponders:\u003Cbr \/\u003E\n\u003Cblockquote class=\"tr_bq\"\u003E\n\u003Ci\u003E\u003Cbr \/\u003EAre tax deductions subsidies? Do tax deductions violate the libertarian non-aggression principle?\u003C\/i\u003E\u003C\/blockquote\u003E\n\u003Cbr \/\u003E\nAnd then he claims to have answered such questions previously with a resounding \u003Ci\u003E\"no.\"\u003C\/i\u003E\u003Cbr \/\u003E\n\u003Ci\u003E\u003Cbr \/\u003E\u003C\/i\u003E\nVance spews a long silly list of examples about deductions and anoints\u0026nbsp;himself the winner by declaring \"I think my point is clear.\" In truth, Vance lacks a point. Vance has scored none.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nIf five co-workers eat lunch at their local haunt and each eat and drink about $20 worth, but three only have $10 each to ante up for the bill, the other two must shell out $35 each to cover the bill otherwise they're all washing dishes. Each of the two who pay 3.5 times as much as any of the other three are subsidizing each of the other three. All five enjoyed the equivalent amount of service and product, $20 worth, but three have engaged in free-riding at the expense of the other two.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nIf two start out with a tax bill of $1,000 and the law givers set the rules so that one pays the full $1,000 but another pays $500 and yet both benefit from $1,500 of spending by law givers, the one paying less is free-riding on the one paying more.\u003Cbr \/\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\nSo from Vance's silly long list — the blind, the qualified aged, educators, \u0026nbsp;performing artists, alimony payers, movers, lenders of defaulted student loans, purchasers of higher education enrollment, purchasers of medical bills savings plans, purchases of medicine and dentistry beyond a specified sum, those who donate to charities, custodial parents, purchasers of mortgages, dues-paying union members, those who have suffered specified losses, purchasers of tax preparation services, those with dependents \u0026nbsp;— all are being subsidized by those who can not otherwise get themselves out from their compulsory tax burden.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nVance seems to be daft for failing to see that those who get to reduce their tax burdens are free-riding on those who can not. Both get interstate highways, NOAA weather forecasts, military defense, and a million of other things, but one pays more.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nVance argues that residents of high-tax states are right to compel residents of low-tax states disproportionately\u0026nbsp;to fund Congress. If that fails to violate the NAP, then was does?\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nTo justify his silliness, Vance cites his demi-God of libertarianism, Murray Rothbard. Rothbard defined the non-agression principle (NAP) so:\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cblockquote class=\"tr_bq\"\u003E\n\u003Ci\u003EThe fundamental axiom of libertarian theory is that no one may threaten or commit violence (“aggress”) against another man’s person or property.\u0026nbsp;\u003C\/i\u003E\u003C\/blockquote\u003E\nAnd it is from the NAP, that Vance and other dopey libertarians claim this:\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cblockquote class=\"tr_bq\"\u003E\n\u003Ci\u003ETaxation is theft. It is theft on a grand scale.\u0026nbsp;\u003C\/i\u003E\u003Cbr \/\u003E\n\u003Cdiv\u003E\n\u003Ci\u003E\u003Cbr \/\u003E\u003C\/i\u003E\u003C\/div\u003E\n\u003C\/blockquote\u003E\nLibertarians simply reveal their stupidity with respect to law. They do not know what theft means. They are as stupid as the anarchists and socialists who claim\u0026nbsp;\u003Ci\u003Eproperty is theft\u003C\/i\u003E.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nSo what is theft?\u003Cbr \/\u003E\n\u003Cblockquote class=\"tr_bq\"\u003E\nTheft is\u0026nbsp;\u003Ci\u003Ethe act of dealing from any motive whatever\u0026nbsp;\u003Cb\u003Eunlawfully and without claim of right\u003C\/b\u003E\u0026nbsp;with anything capable of being stolen in any of the ways in which theft can be committed with the intention of permanently converting that thing to the use of any person other than the general or special owner thereof.\u0026nbsp;\u003C\/i\u003E\u003Cbr \/\u003E\n\u003Cdiv\u003E\n\u003Ci\u003E\u003Cbr \/\u003E\u003C\/i\u003E\u003C\/div\u003E\n\u003C\/blockquote\u003E\nBy the rules upon which Americans have agreed, Congress has the right to impose taxation on whomever by the rules Congress devises. Those who Congress imposes taxes upon have a duty to Congress to pay those taxes.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cb\u003ECongress' taxing authority is not theft. It's law.\u003C\/b\u003E\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nIt fails to surprise that Vance would be misled by Murray Rothbard. While a solid historian, Rothbard was a fool with respect to commercial banking. The libertarian-beloved Rothbard misled far too many because Rothbard suffered from many intellectual fallacies. \u003Cbr \/\u003E\n\u003Cbr \/\u003E\nThroughout the relevant part of his life, Rothbard foolishly claimed there exists double claims of ownership on deposits. Rothbard simply did not understand commercial banking precisely because Rothbard failed to understand jurisprudence.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nAnyone who knows about Commercial Law knows that a banker is a trader who buys cash and debt by selling bank credits. In a purchase and sale, a customer, known as a depositor sells property in cash or receivables to a banker and buys property in bank credits.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nWith property in bank credits, the bank customer has a right of action to demand an amount of cash from his banker at a future date. Evidences of such right includes checking account bank statements and passbook savings books. In commercial banking law, a deposit isn't a depositum, but actually a mutuum in law of a purchase and sale of cash for deposits.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nThere are no double claims of ownership as the commerce-illiterate Rothbard believed. Bankers own deposits. Depositors own rights of action.\u003Cbr \/\u003E\n\u003Cdiv\u003E\n\u003Cbr \/\u003E\u003C\/div\u003E\nAll the same, Vance contradicts himself by supporting the idea that taxation is theft. If taxation is theft, the NAP gets violated upon those residents of states with no or low state income taxes as they get forced to relinquish unearned shares of profits and income while residents as represented by politicians of high state income tax states have their representatives colluding to impose a higher rate of Congressional taxation upon residents of states of low or no income taxes.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nIn the end of his failed rebuttal, Vance commits the fallacies of appeal to emotion by this gem:\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cblockquote class=\"tr_bq\"\u003E\nIt doesn’t matter the amount of the tax deduction, what it is for, whom it benefits, or why it was instituted—the result is the same: Government takes less of \u003Ci\u003E\u003Cb\u003EAmericans’ money\u003C\/b\u003E\u003C\/i\u003E to fund its bureaucrats, agencies, departments, bureaus, military adventures, global empire, corporate welfare, subsidies, welfare programs, income redistribution schemes, and myriad of wasteful, inefficient, and unconstitutional programs that shouldn’t exist. Because the income tax isn’t likely to be eliminated or tax rates substantially reduced, \u003Cb\u003E\u003Ci\u003EAmericans need all the tax deductions they can get.\u003C\/i\u003E\u003C\/b\u003E\u003C\/blockquote\u003E\n\u003Cbr \/\u003E\nThe overly educated, Lew Rockwell (ranked 8,528th by Alexa) writer Vance seems to be confused about too many concepts, which holds true for adherents of libertarianism. Thus, Vance seemingly does not know key concepts of jurisprudence:\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Col\u003E\n\u003Cli\u003Eproperty means the right of ownership and never the thing owned\u003C\/li\u003E\n\u003Cli\u003Efor every law, there must be a duty and a matching right, a right and a matching duty\u003C\/li\u003E\n\u003C\/ol\u003E\n\u003Cbr \/\u003E\nAs well, Vance seems not to know at least one key concept of commerce:\u0026nbsp;\u003Ci\u003Etaxation is an unearned share of profit.\u003C\/i\u003E\u003Cbr \/\u003E\n\u003Cdiv\u003E\n\u003Ci\u003E\u003Cbr \/\u003E\u003C\/i\u003E\u003C\/div\u003E\nVance even fails to know that Americans lack money. Cash is evidence of bank deposits in circulation. Bank deposits are credits. Doing the work of money isn't the same as money.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nMoney is coined metal by weight and fineness. Americans have lacked money for decades. Money, if it were to exist, could exist without bankers or government. Cash requires bankers. Legal tender cash requires bankers, law givers and their agents.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nAlso, Vance could be right in at least one aspect if he had written something like this: Americans ought hardly to pay taxes precisely because there should be a preference for freedom — living by the absence of law in the presence of law givers — over officialdom law \u0026nbsp;— duties and rights.\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nLibertarians suffer from much contradiction precisely because they lack a proper understanding of jurisprudence as well as commerce. Here are a few of my works on dopey libertarians and their fallacious beliefs:\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cul\u003E\n\u003Cli\u003E\u003Ca href=\"http:\/\/truedollarjournal.blogspot.com\/2014\/08\/whoa-dude-what-legalizing-isn.html\"\u003EWHOA DUDE, WHAT? LEGALIZING ISN'T LIBERTARIAN? PASS ME THE BONG. GOO GOO GOO JOOB.\u003C\/a\u003E\u003C\/li\u003E\n\u003Cli\u003E\u003Ca href=\"http:\/\/truedollarjournal.blogspot.com\/2014\/02\/stupid-is-as-stupid-does-and-stupidity.html\"\u003ESTUPID IS AS STUPID DOES AND THE STUPIDITY OF THE LIBERTARIAN PARTY\u003C\/a\u003E\u003C\/li\u003E\n\u003Cli\u003E\u003Ca href=\"http:\/\/truedollarjournal.blogspot.com\/2014\/06\/reasonoids-of-reasoncom-america-crypto.html\"\u003EREASONOIDS OF REASON.COM, AMERICA'S CRYPTO-NEOCON REPUBLICANS\u003C\/a\u003E\u003C\/li\u003E\n\u003Cli\u003E\u003Ca href=\"http:\/\/truedollarjournal.blogspot.com\/2014\/06\/sophie-choice-of-capital-or-labor-free.html\"\u003ESOPHIE'S CHOICE OF CAPITAL OR LABOR. A FREE-MARKETS LIBERTARIAN BECOMES AN ANTI-CAPITALIST AND PERPETUATES AN ECONOMICS MYTH\u003C\/a\u003E\u003C\/li\u003E\n\u003C\/ul\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nPresident Calvin Coolidge had it right when he said:\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cblockquote class=\"tr_bq\"\u003E\nThe collection of taxes which are not absolutely required, which do not beyond reasonable doubt contribute to public welfare, is only a species of legalized larceny. Under this Republic the rewards of industry belong to those who earn them.\u003C\/blockquote\u003E\n\u003Cbr \/\u003E\nI say it thus: \u003Ci\u003E\u003Cb\u003EWe're living in the 21st century. The goal should be to have the least governance as needed rather than the most governance as tolerable (before revolution happens).\u003C\/b\u003E\u003C\/i\u003E\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/992010871987927294"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/2938080886449362778\/posts\/default\/992010871987927294"},{"rel":"alternate","type":"text/html","href":"https:\/\/truedollarjournal.blogspot.com\/2017\/07\/beggar-thy-neighbor-libertarian.html","title":"BEGGAR-THY-NEIGHBOR LIBERTARIAN LAURENCE M. VANCE CONTRADICTS HIMSELF IN HIS REBUTTAL TO THE TRUE DOLLAR JOURNAL"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"https:\/\/2.bp.blogspot.com\/-vlCuXWLA2Ss\/WXEFiqDdXzI\/AAAAAAAA1rQ\/pbwZ8azY19o0Y_kVEPW0EZR_osuApZpJACLcBGAs\/s72-c\/2017-07-20%2B15_32_03-libertarian.gif%2B%2528390%25C3%2597441%2529.png","height":"72","width":"72"}}]}});