Who really has jurisdiction over so-called Federal Lands in our counties? What is a constitutional county? Do we have rights, in some cases going back to the Magna Carta, that allow us to take back our county –our freedoms, resources, prosperity? Learn about this and many other topics from people who not only have “new” ideas, but from those who are doing it now in several Western counties. This is the winning strategy. It’s called Defend Rural America and its coming to Amador County this Saturday, November 3th at the Sutter Creek Auditorium at 2 pm. Check them out at: (http://
www.defendruralamerica.com/DRA/Home.html)
How bad is the current situation and how strongly do I think that we need to move and to move immediately? Since the financial crisis of 2008 we have had a slow recovery of about 1.5 to 2% economic growth (GDP). But 83% of that increase in economic growth has been inflation. Actually, less goods have been sold but at higher prices. Translating from Washingtonspeak, there is not only no economic growth, but we are all being further squeezed with higher prices. Since Obama took office the amount of Federal government debt owned by the Federal Reserve Bank has increased 452%. It now buys 61% of all Treasury debt. So it is printing money that is essentially worthless except for the belief in “the full faith and credit of the US Government”. If that belief ever falters, our money becomes truly worthless. An event overseas, perhaps with a trading partner like China, could become the catalyst for questioning the value of the US dollar.
The rating agencies, Moody’s and Standard & Poor’s, tell us that municipal bonds are safe, despite the recently publicized bankruptcies. Yet a current study by the New York Fed “found between 35 and 50 times more municipal defaults over the past few decades than rating agencies have reported.” About 51% of municipal bonds are purchased by middle class Americans because of their income tax exemptions. Nearly one third of the $10 billion one year bills California sold, the largest municipal debt deal of the year, were bought by individual investors. Collateral for those bonds is the taxing power of California. Even in our current state budget, for whatever value you assign its tricks and realities, projected sales tax revenue is down 33 %. Several major municipal defaults could further weaken the middle class with an unknown affect on the balance of political power.
Many media report that the economy is getting better because consumer debt is now a lower percent of personal income. However, the total amount of consumer debt is unchanged. The other personal income is going to basics, like gasoline and food, at inflated prices as noted earlier. It is only artificially low interest rates that are allowing us to make our debt payments. Low interest rates benefit borrowers, the largest being the US government. A 1% increase in interest rates would add $100 billion to the federal deficit and cause the Federal Reserve to have a $150 billion capital deficit because of its holding of Federal and related debt.
We have 1.1 law enforcement officers and firefighters and over 1.2 tax preparers according to the FacetheFactsUSA website. After reading that statistic I realized that my income tax preparation expense was equal to over 25% of my property tax bill! This is just one of the endless examples of what economists call “misappropriated resources”. We have 5 % of the world’s population and 25% of the world’s prisoners at an annual taxpayer cost of over $63 billion a year. While this is due to a variety of reasons, including the general decline of society, many people are incarcerated for simply standing up for freedom. Presently serving time is someone who violated the zoning code with bible study classes in their home and another who collected rainwater on his property. Please remember that our pending General Plan asserts that the water falling on our properties belongs to the Valley Aquifer and that we should all convert to surface water (rivers) and construct expensive new systems.
Despite all this doom and gloom, we in Amador County are truly blessed. Sutter Gold Mining recently announced the discovery of two new gold bearing veins. Reading between the lines of their press release, it seems very little of the Mother Lode has been explored and almost none with modern technology. Underground miners make $17 to $26 an hour depending upon their skill level. The industry’s mean annual wage, according to the Bureau of Labor Statistics, is $46,980. Will we have to wait through another eight years of environmental delays for mine expansion? Or can environmental review be approved, as in Canada, in a year and a half?
Be there this Saturday, November 3th, at the Sutter Creek Auditorium at 2 pm. Your future and that of our county and nation are in danger. And while the economy is critical, it is the soul of America that is at stake.
Copyright 2012, Mark L. Bennett
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