The system is bankrupt, and they are just spending the money to prevent an immediate collapse as opposed to having it collapse right now..."
"We Effectively Have A Zimbabwe Fed" - John Williams Warns "The System Is Bankrupt"
| Source: | https://www.zerohedge.com/economics/we-effectively-have-zimbabwe-fed-john-williams-warns-system-bankrupt |
| Published: | Jun 8, 2020 |
| Author: | Tyler Durden |
| Post Date: | 2020-06-08 20:10:23 by Horse |
| Views: | 604 |
#1: Horse To: All (#0)
Horse posted on 2020-06-08 20:11:05 Reply Private Reply
#2: Uncle Bill To: Horse (#1)
Thomas Jefferson
"If Congress can do whatever in their discretion can be done by money, and will promote the general welfare, the government is no longer a limited one possessing enumerated powers, but an indefinite one subject to particular exceptions." James Madison, "Letter to Edmund Pendleton," -- James Madison, January 21, 1792, in The Papers of James Madison, vol. 14, Robert A Rutland et. al., ed (Charlottesvile: University Press of Virginia,1984).
James Madison, the Father of the Constitution, elaborated upon this limitation in a letter to James Robertson:
"With respect to the two words "general welfare," I have always regarded them as qualified by the detail of powers connected with them. To take them in a literal and unlimited sense would be a metamorphosis of the Constitution into a character which there is a host of proofs was not contemplated by its creators. If the words obtained so readily a place in the "Articles of Confederation," and received so little notice in their admission into the present Constitution, and retained for so long a time a silent place in both, the fairest explanation is, that the words, in the alternative of meaning nothing or meaning everything, had the former meaning taken for granted."
In 1794, when Congress appropriated $15,000 for relief of French refugees who fled from insurrection in San Domingo to Baltimore and Philadelphia, James Madison stood on the floor of the House to object saying, "I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." James Madison, 4 Annals of congress 179 (1794)
"Congress has not unlimited powers to provide for the general welfare, but only those specifically enumerated."
Thomas Jefferson
"We must confine ourselves to the powers described in the Constitution, and the moment we pass it, we take an arbitrary stride towards a despotic Government."
James Jackson, First Congress, 1st Annals of Congress, 489
"We still find the greedy hand of government thrusting itself into every corner and crevice of industry, and grasping at the spoil of the multitude. Invention is continually exercised to furnish new pretenses for revenue and taxation. It watches prosperity as its prey and permits none to escape without a tribute."
Thomas Paine
RESOLVED: That the principle and construction contended for by sundry of the state legislatures, that the general government is the exclusive judge of the extent of the powers delegated to it, stop nothing short of despotism; since the discretion of those who administer the government, and not the constitution, would be the measure of their powers:
"That the several states who formed that instrument, being sovereign and independent, have the unquestionable right to judge of its infraction; and that a nullification, by those sovereignties, of all unauthorized acts done under colour of that instrument, is the rightful remedy."
Thomas Jefferson, 1799
"The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite."
James Madison, Federal No. 45, January 26, 1788
"I consider the foundation of the Constitution as laid on this ground that 'all powers not delegated to the United States, by the Constitution, nor prohibited by it to the states, are reserved to the states or to the people.' To take a single step beyond the boundaries thus specially drawn around the powers of Congress, is to take possession of a boundless field of power not longer susceptible of any definition."
Thomas Jefferson, Opinion on the Constitutionality of a National Bank, February 15, 1791
"The natural progress of things is for liberty to yield and government to gain ground."
Thomas Jefferson, letter to E. Carrington, May 27, 1788
"A wise and frugal government ... shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government."
Thomas Jefferson, First Inaugural Address, March 4, 1801
"An elective despotism was not the government we fought for; but one in which the powers of government should be so divided and balanced among the several bodies of magistracy as that no one could transcend their legal limits without being effectually checked and restrained by the others."
James Madison, Federalist No. 58, February 20, 1788
Uncle Bill posted on 2020-06-08 21:56:29 Reply Private Reply
#3: Uncle Bill To: Horse (#1)
Socialism: the Forbidden Ideology
Uncle Bill posted on 2020-06-08 22:01:45 Reply Private Reply
#4: Uncle Bill To: Horse (#1)
THE EVIL GENIUS OF WITHHOLDING
"The genius of withholding, from the government's perspective, is that it effectively shuts taxpayers out of any debate on the size of government."
Uncle Bill posted on 2020-06-08 22:07:53 Reply Private Reply
#5: Uncle Bill To: All (#4)
THE INJUSTICE OF INCOME TAX - By Alan Keyes
NewsMax
By Paul Craig Roberts
January 14, 1999
If President Bill Clinton were being tried by the U.S. 10th Circuit Court of Appeals, he would be home free.
In a horrendous ruling devastating for justice, fair play and the rule of law, the 10th Circuit has ruled (9-to-3) that the laws of the United States do not apply to officers and agents of the government unless Congress specifically designates that the law applies to the government.
"Statutes of general purport do not apply to the United States unless Congress makes the application clear and indisputable," says the court, citing a 1873 case that "it is a familiar principle that the King is not bound by any act of Parliament unless he be named therein by special and particular words."
At dispute in the case, Singleton v. U.S., is the federal statute that specifies punishment for "whoever" promises anything of value to a witness in exchange for testimony for or against another person. Under the normal reading of the statute, prosecutors who promise defendants reduced sentences in exchange for testimony against others are violating the prohibition.
According to the majority opinion, federal prosecutors are not bound by the law against bribing witnesses, because they serve as alter ego for the government and "the word 'whoever' connotes a being," whereas "the U.S. is an inanimate entity, not a being. The word 'whatever' is used commonly to refer to an inanimate object. Therefore, construing 'whoever' to include the government is semantically anomalous."
In other words, "whoever" doesn't mean "whoever" if the "whoever" is an officer of the government. This Clintonesque word-play is necessary because, as the court acknowledges, "no practice is more ingrained in our criminal justice system" than convicting people with purchased testimony. Faced with an emptying of the prisons, the court ruled that the U.S. government is not a government accountable to law, but a "sovereign" above the law.
Prosecutors have found that it is far easier to purchase with leniency the testimony of accomplices against their confederates than to build a case against the confederates. When this practice began it was aimed at known criminals against whom evidence was lacking. But once the practice began, it has taken on a life of its own.
Today many innocents are ensnared by untrue accusations from criminal defendants seeking reduced charges by producing more fodder for prosecutors. Less and less does the criminal justice system work by police investigating a known crime and building a case. All too often, the first knowledge of the "crime" occurs when a defendant seeking reduced charges accuses others. In these cases, the accusation is the sole "evidence" of the crime, and prosecutors, who serve career instead of justice, are increasingly destroying innocents with purchased testimony.
A recent example is Khem Batra of Burke, Va. Mr. Batra, married with two children, came to the U.S. in 1974 from New Delhi, India. He has been a U.S. citizen since 1981 and was successfully operating his own travel agency. His troubles began when the husband of one of his employees approached him for loans to enable him to purchase distressed properties at auction. Soon Mr. Batra found himself in partnership, pooling money to bid on properties.
Unbeknownst to Mr. Batra, his sometime partner was illegally obtaining multiple mortgages on the same property. When the partner was apprehended, instead of being indicted, he was wired and promised leniency in exchange for implicating others. The partner managed to implicate some mortgage companies in technical infractions and apparently made an unsuccessful attempt to implicate the Burke and Herbert Bank in Alexandria, Va.
Mr. Batra was never implicated in the illegal financing schemes, but his partner, desperate to earn his leniency, testified that his money-pooling partnership with Mr. Batra was a conspiracy to under-bid the properties. On the basis of his partner's plea-bargained testimony, Mr. Batra was convicted in federal court of one count of violating the Sherman Anti-trust Act.
It is a definite sign of prosecutorial abuse when the Sherman Anti-trust Act, designed to bust up large monopolies, is applied to a small-time local partnership speculating in distressed properties sold at auctions where Mr. Batra and his partner comprised one of many bidders.
Such a dubious interpretation of the anti-trust statute shows an extraordinary determination to convict. But justice is forfeited when, in addition, the conviction is obtained solely through the purchased testimony of a defendant who committed a real crime and is seeking to reduce his charges.
Until the Glorious Revolution when Parliament established the supremacy of law over the sovereign, kings dealt with enemies by bribing or compelling witnesses to testify against them. Once law and not the king's government was supreme, Matthew Hale established the maxim that testimony purchased with reward has no standing in court.
It is an abomination that the 10th Circuit has enabled unscrupulous prosecutors to resurrect the ancient practice of convicting defendants with paid testimony.
COPYRIGHT 1999 PAUL CRAIG ROBERTS DISTRIBUTED BY CREATORS SYNDICATE, INC.
Uncle Bill posted on 2020-06-08 22:42:14 Reply Private Reply
#6: Uncle Bill To: All (#5)
"Venezuela's 'millionaires,' the new poor and they can only buy 36 eggs
Uncle Bill posted on 2020-06-08 22:48:17 Reply Private Reply
#7: BTP Holdings To: Uncle Bill (#6)
Venezuela is the new Zimbabwe. ;)
BTP Holdings posted on 2020-06-09 04:35:42 Reply Private Reply
#8: BTP Holdings To: Uncle Bill (#2)
This reminds me of Crockett's Sockdolager.
BTP Holdings posted on 2020-06-09 05:50:43 Reply Private Reply