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Tea Party to the Rescue?

publication date: Oct 15, 2010
 | 
author/source: Brad Hamill

We’re less than a month away from Election Day here in the United States and a lot of folks are feeling downright hopeful.  Most polling data shows that the Republican Party will regain a lot of ground that was lost in the previous election.  Most of the excitement is attributed to the new “Tea Party” movement.

It wasn’t that many years ago that I would have been happy to be marching in the Tea Party parade as it “throws the bums and bum-ettes” out of office.

You see, I’ve been a registered hard-core Republican for most of my adult life, except for the first few years when I was a very conservative Independent.

Let me relay a discussion that I recently had with a strong Christian man who emigrated from China to the US in the early 1990’s.  I relayed to him the excitement that I felt in 1989 when I saw one lone man standing in front of a long row of tanks in Tiananmen Square.  Watching him, and other young people, rise up against their tyrannical masters infused hope in me that China would finally see true freedom for its people.

The Chinese gentleman’s response to my statement greatly surprised me.  After all, he was the age of many of the protesters, and living in China at the time.  Wasn’t he excited about the possibilities for change?  Wasn’t he eager to see the “old guard” thrown out of office?  He was actually happy that the uprising was put down!  What???  At first I thought he was absolutely crazy – until he explained himself.

You see, the young protesters in China were tired of the tyrannical rule of the older generation bureaucrats.  They wanted fresh blood in the important offices.  However, they had absolutely no basis for their “noble” ethics.  They were relying on their own might and power to achieve their lofty goals!

My Chinese friend was very wise in his assessment.  He was concerned that the “old guard” tyrants would be replaced by the “new guard” tyrants – effectively prolonging the amount of time that China would be under tyrannical rule.  The “new guard” tyrants had no fear of the one true God!  They spent no time seeking His face for wisdom and knowledge!  They were the same as the decrepit sinners that they were seeking to overthrow.

This leads me to my observations regarding the Tea Party movement.  I was a Republican precinct committeeman this year and saw many new faces at the precinct caucus – both young and old.  I took some time during and after the meeting to find out what caused these folks to become politically active all of a sudden.  Their responses were fairly uniform in nature.  They were sick of the current tyrants in office and wanted them kicked out and replaced with new people.  Not one person expressed a desire to make sure that the new person was a man with strong Christian principles who would not turn his eyes to the left or to the right.

The “Tea Party” followers are, for the most part, pinning their hopes on men and women, rather than crying out to the God who created them.  These folks run the gamut from Libertarians who are excited about the possibility of finally passing marijuana legislation, to very conservative individuals who think that their man/woman candidate will be their savior when it comes to reduced government spending.

The Tea Party could prove to be very dangerous for our nation.  Not because it’s a new party, but because it creates the “big humanist tent” that has enough power to replace old tyrants with even more dangerous young tyrants.

How many truly believe that a Republican-controlled Congress will greatly reduce our Federal budget deficit?  How many truly believe that a Republican-controlled Congress will repeal the Health Care bill?  Let me tell you what will happen if either one of those two things happens.  Our nation’s money supply will drop off a cliff and folks will immediately realize the depths of the deflationary spiral depression that we are currently in.

How can I say that we’re in a depression?  The typical definition of a major depression is a drop of 10% or more in GDP.  Our nation’s GDP is currently measured at around $14 trillion per year.  The Federal government has run $1.6 trillion dollar deficits each of the last two years in order to make it appear that things aren’t as dire as they are.

What would happen if the Federal government ran a balanced budget next year?  What would happen if the Federal government repealed the Health Care “trust” fund and could no longer count on its receipts to fund Social Security and Medicare “trust” funds that are dead carcasses?

Folks, we have two choices with our current economy:

1) Have the Federal government continue creating as much new debt as is humanly possible.  After all, making promises on the future labor of the masses is limitless, as long as there are investors willing to buy the debt.  There will be (mainly international bankers), since it will be the only type of debt that can be collected at the point of a sword.

2) Create a balanced budget and reduce spending.  This will remove the veil over the depression that we are in and cause much hardship throughout our nation.  It will take a decade or more to crawl out of, and will require our GDP shrinking down to a more realistic $9 – 10 trillion dollars.  Is our nation strong enough to endure this?  Are people willing to share the sacrifice that this will take?

I keep hearing a lot of local Republicans on the radio who are running for US Congress.  Their mantra is that they will go to Washington, D.C. and fight to pass a balanced budget Constitutional Amendment.  What an absolute waste of time!  Why do I say this?

Balanced budgets are great, and sorely needed.  But they are absolutely worthless in a debt-based economy like we have.

What happens if the US government runs a balanced budget in the new fiscal year that just started?  There will be $1.6 trillion dollars less of new money created in our nation.  Fine, you might say, we will reduce taxes so that businesses can be more productive to make up the shortfall.  Have your heard that before?

There’s a problem with this line of thinking.  That $1.6 trillion dollars that goes away is in the form of new money (claimed debt) that didn’t exist before.  Cutting taxes on businesses may make people have more money to buy things – but they will be buying things with existing money, not new money.

The only way to replace the $1.6 trillion of government money would be for private industry to take out debt in the same amount!  Does this make a healthy economy?  What if the international bankers still refuse to lend out new credit?  How will businesses incur the new debt, even if they wanted to?  If they can’t, then we’re back at staring a very ugly depression straight in the face.

The Republican Party needs to change their economic tune.  We need an economy that is based on completed labor, rather than our current one which only supports claims on future labor.  We need an economy where we can have true economic freedom, rather than built-in servitude.

We as a nation need to move away from having a central bank issuing our money supply.  Instead, if we want a national currency then it should be issued by our US Treasury – so that no debt would need to be taken on when new money is created.

The original Tea Party was not the precursor to the Revolutionary War.  Instead, it was the governmental action of thirteen colonies against their “Federal – level” ruler, England. Remember, England turned to debt-based currency in 1693 with the charter of their first central bank – the Bank of England.  Benjamin Franklin gives us details on why the Revolutionary War was fought:

“The refusal of King George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators was probably the prime cause of the Revolution.”

The “honest money system” that Benjamin Franklin was referring to was colonial script, a fiat-based currency.  This is further proof that fiat currency is not dishonest if it represents completed labor, rather than claims on future labor.

Thomas Jefferson warned us of the dangers of being controlled by international bankers peddling a debt-based monetary system:

“I believe that banking institutions are more dangerous than standing armies… If the American people ever allow private banks to control the issue of currency…the banks and corporations that will grow up around them will deprave the people of their prosperity until their children wake up homeless on the continent their fathers conquered.”

Notice how debt-based currency was being forced on our nation long before the Federal Reserve Act of 1913.  However, the Federal Reserve Act laid the foundation for a central bank that would officially act as a “conduit” between the international bankers and the US government, while being completely controlled by the international bankers.

President Woodrow Wilson signed the Federal Reserve Act into law, and later had grave misgivings about having done so.  He said:

“I am the most unhappy man. I have unwittingly ruined my country.  A great industrial nation is now controlled by a system of credit.  We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

It is now time to decentralize the battle.  If we can’t mobilize our towns into legislative action against the tyrants then we will have lost.

If we can’t then move up to the county level and bring forth truth in completed labor-based economics then we will have lost.

If we can’t take the final step up to our state level and have legislation passed to repel the tyrants of our Federal governmental system then we will have lost.

God gave us a civil government where we can work diligently for a righteous economic system.  We need just one state in our union to finally say NO MORE!!! to the Federal government when it comes to forcing debt-based money upon us through the Federal Reserve central bank.

Think about this.  Isn’t this exactly what occurred when Patrick Henry, as a member of the Virginia House of Burgesses, so eloquently took the floor at St. John’s church and effectively stated NO MORE!!! Give me LIBERTY, or give me DEATH!

Weren’t the colonies decentralizing away from the tyrannical usurping of England over claims being made against their future labor in the form of debt-based money?

What current statehouse has enough Patrick Henry’s to take the necessary stand?  Once I find out then my family and I are moving there.

Your comments and questions are welcome…

If you are not currently on the Economic Update email list you can email me at: brad@newfamilyeconomics.com to be added.

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Brad Hamill has a new Website called New Family Economics, you can find it here.



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