Greetings,
Our
Federal government is in a pickle. Both corporate and individual tax receipts
have dropped to levels even worse than the 1st quarter of 2008. Our
government needs an infusion of money, or it risks going into cardiac
arrest.
Enter the Health Care bill. This legislation would not take
physical effect until 2013 – and some parts of it not until 2018. Yet the taxes
for it would begin this year.
This means that there could easily be over
$1 trillion of new taxes going to our Federal government – and possibly as much
as $2.5 trillion.
Those tax receipts will be spent in the fiscal year in
which they are collected. This means that there will be no “pool” of money in
2013, or 2018 for that matter. It’s simply a method to steal your hard-earned
money under the guise of “health reform”.
President Obama came out today
and stated that the days of talking about Health Care are over. He is now
prepared to shove the bill through the Senate using the “budget reconciliation”
process – needing only 51 votes to pass.
I seem to have misread my
Constitution regarding the power of the Executive branch. I’ll have to track
down the part where that branch creates and passes legislation – to be enforced
at the point of a gun or the bars of a cell.
It’s up to the citizens of
the country. How much are we going to tolerate? Are the men of this country
going to stand up and protect their families and their progeny? What price are
we willing to pay?
I know…..I know…..our physical lives aren’t being
directly endangered. The lives of our family aren’t at risk. After all,
what’s some more debt slavery? What’s some more bondage? What’s some more loss
of liberty and freedom as long as we are allowed televisions in our homes to
entertain us?
Our Founding Fathers were exactly the same way. Great
Britain had entered into a debt-based monetary system by chartering the Bank of
England (their version of our Federal Reserve) in 1693. They then tried to
force the colonies to pay for that debt through their future labor. The
patriots in our country responded by wimping out to England and making sure they
didn’t miss the kickoff between the Massachusetts Bay “Mustangs” and the
Province of New York “Giants”.
Oh wait, that’s not how history records
it. The men of that time period didn’t bow down to England. Yes, they paid
their taxes based on their completed labor – but no, they weren’t going to be
debt slaves to money created by the international bankers via the Bank of
England.
John Adams wasn’t afraid to stand up to tyranny: “Liberty
must at all hazards be supported. We have a right to it, derived from our Maker.
But if we had not, our fathers have earned and bought it for us, at the expense
of their ease, their estates, their pleasure, and their blood.”
After
all, Mr. Adams also had this to say: “Democracy will soon degenerate into an
anarchy, such an anarchy that every man will do what is right in his own eyes
and no man's life or property or reputation or liberty will be secure, and every
one of these will soon mould itself into a system of subordination of all the
moral virtues and intellectual abilities, all the powers of wealth, beauty, wit
and science, to the wanton pleasures, the capricious will, and the execrable
cruelty of one or a very few.”
John Adams wasn’t just “mouthing
off”. He knew that liberty should be preached from the pulpits: “Let the
pulpit resound with the doctrine and sentiments of religious liberty. Let us
hear of the dignity of man's nature, and the noble rank he holds among the works
of God... Let it be known that British liberties are not the grants of princes
and parliaments.”
Wasn’t John worried about his family. Didn’t he
care about the hardships that revolution might cause? “"I must study politics
and war that my sons may have liberty to study mathematics and
philosophy."
Brothers, John Adams had a VISION!!!! He saw the day
when our great nation would be much more populated – a land free from tyrannical
kings and rulers: “It has ever been my hobby-horse to see rising in America
an empire of liberty, and a prospect of two or three hundred millions of
freemen, without one noble or one king among them. You say it is impossible. If
I should agree with you in this, I would still say, let us try the experiment,
and preserve our equality as long as we can.”
Sadly, we have reached
the 300 million landmark – only to be ruled by despots, charlatans, evil-doers,
liars, and thieves.
We have traded in our true LIBERTY and FREEDOM under
God’s Almighty hand for bondage to the international bankers on the one hand and
the Federal government on the other.
We THINK we have liberty because we
have freedom of movement….freedom of sinful thought….and freedom of
government-approved dissent.
Meanwhile, our image is videotaped hundreds
of times a day in every large city in our land. Our property is stolen from us
through “imminent domain” unjust laws. Our safety is risked through the
inability to justly protect our family and ourselves from those that would seek
to do us harm.
Do any of us have a “burning in the gut” anymore? Do any
of us sense that “something just isn’t right” in this land of ours?
“But
Brad, I’m too busy just trying to support my family to stand up to those that
threaten me with the point of a gun. It’s easier to just satisfy their sinful
lusts for power so that my family can live in PEACE!!!”
What
peace?
Folks, it comes down to this. Either our Founding Fathers were
outrageously sinful in their battle against England, or we are outrageously
sinful in our actions to protect that for which they fought and died
for.
Do people TRULY understand the tyranny that is upon our
heads?
______________________________________________________
Watch
for these indexes to drop:
Chinese Shanghai Composite Index: 3,097.00
(change of 5.20% from July 20, 2009 base
value of 3,266.92)
Shenzhen Stock Exchange Component Stock Index (SSE):
12,612.69 (change of 5.74% from July 20,
2009 base value of
13,381.22)
________________________________________________________
Here
are today’s numbers for the economic indicator:
1) Gold = $1,139.60
2) Silver = $17.19
3) Dollar
Index = 79.99
4) Oil = $80.95
5) S&P 500 Index = 1,118.79
6)
3-month Treasury Bill yield = 0.13
7) 3-month OIS = 0.16
HEI =
37.56
(A value of under 100 indicates deflation, while over 100 indicates
inflation – as referenced to Sept. 12, 2008…the day before Lehman Brothers
collapsed)
__________________________________________________________
Here
are the numbers for the day:
Dollar Index adjusted indexes:
Dow =
(10,396.76) x (0.7999) = 8,316.37
S&P 500 = (1,118.79) x (0. 7999) =
894.92
Nasdaq = (2,280.68) x (0. 7999) = 1,824.32
3-month Treasury:
0.13
2-year Treasury: 0.81
10-year Treasury: 3.62
30-year
Treasury: 4.58
2-yr vs. 10-yr Spread (Target > 273): 281 basis points – (Danger Zone)
2-yr vs.
30-yr Spread (Target > 369): 377 basis points –
(Danger Zone)
3-month LIBOR: 0.25
3-month EURIBOR:
0.66
3-month OIS: 0.16
TED Spread: 12 basis
points
LIBOR/OIS Spread: 9 basis points
Dollar Index:
79.99
Volatility Index: 18.83
JPY-EUR Exchange Rate (Target <
115): 121.3127
JPY-GBP Exchange Rate (Target < 145): 133.7077– (Danger Zone)
JPY-USD Exchange
Rate (Target < 90): 88.53 – (Danger
Zone)
USD-EUR Exchange Rate (Target < 1.25):
1.3703
USD-CNY Exchange Rate (Target > 7.0):
6.8258
Warmly,
Brad
Comments or questions? brhamill@hamill.com
If you are not
currently on the Economic Update email list you can email me at: economics@datatogo.com to be
added.
