"It is a signal advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit, which cannot be exceeded without defeating the end proposed that is, an extension of the revenue. When applied to this object, the saying is as just as it is witty, that in political arithmetic, two and two do not always make four. If duties are too high, they lessen the consumption, the collection is eluded and the product to the Treasury is not as great as when they are confined within proper and moderate bounds. managers a complete barrier against any material oppression of the Citizens by taxes of this class, and is itself a natural limitation of the power of imposing them."
-First US Treasury Secretary Alexander Hamilton
A. Which are the Largest Economies in the World?
#1 The United States of America
#2 The People's Republic of China
#3 The US Government [Alone]
B. What happens to the US economy when China's Middle Class has greater buying power than in America's middle class of 89 million people?
C. What happens to these economic factors of production costs when China's middle class is larger then the entire 320 Million US Population?
The US Government property holdings as a single institution, including its payroll expenditures and purchases are the largest economy. When you factor of Foreign aid to foreign countries, it is the second largest Economy in the World!
This explains why so many special interest groups do not want to downsize the Federal Government. Wall Street community of hedge fund mangers and central bankers prefer to have Democrats in the White House to discourage Federal Government budget restraint. We, TheFiscals understand that the various ecosystems of The United States Economy are vital to the overall economy yet, Politicians are at the mercy of secret decisions The Federal Reserve Board of Governors.Its Chairman is in meeting with a secretive membership of statist financiers to form a Banking Board at the Bank of International Settlements. It is their sole discretion to loan central bank of various nations over which multi-national private banks receive line of credit to economies. Central Foreign Banks receive the US Mint's newly printed US Currency in Foreign aid that redistributed into the world economy using the discount window.* ( see definition below )
Only the largest Central Banks can request loans at .0001% interest. Money only enters into the money supply if it's owed by the US Government to bond holders or a Foreign entity owes the US Treasury.
The refinancing of the world's debt at the exceedingly higher interest rate is the norm. The Fiat Currency System allows for a mechanism of discriminating analysis to loan money to Foreign Central Banks to Foreign Governments to benefit of Central Banking Families who hand pick the members of IMF, BIS WB FR to meet in secret to hear concerns for a Politician's propensity to expand government and impose excessive taxes on wages on the Population as well as import duties on publicly traded Corporations.
All in all, it is a massive Ponzi scheme of State Capitalists within the Federal Reserve, International Monetary Fund (IMF), World Bank, at the behest of the Bank for International Settlements (BIS) famously called "the Bank for all Central Banks." This Banking Conglomerate was created out of thin air, in an illegitimate pyramid structure since 1930. Its methods are solely for the purpose to legitimize the Central Bank System and formulate illusionary benchmarks to establish the world's currency's intrinsic value in the most opaque manner possible. This incomprehensible level, it also maintains the wealth of the Western World while preserving the original Banking Families of the Monarchs while allowing their Private Consortiums of Business holdings to fund their friend and foe alike to provoke the threat of war as the ultimate equalizer. During such a War, it was the siphoning off of Bank earnings Worldwide.
All Wall Street pundits and their Economic forecasters are propagandists at the behest of Broker-Dealers. These Dealers hire the Public Relations Team to promote Companies success and financial prospects. The entire financial industry goes to the highest bidder in pursuit of market share dominance over the Political narratives that happen to be 'trending' about individual companies in the United States.
Meanwhile, the high finance of Central banking where a tight-knit group of persons is privy to the big financial picture to make Millions of Dollars daily for their Patrons in daily carry trades called "overnight repo". These spreads are funded by an electronic mechanism also known as "re-hypothecation." This liquidity in the billions is made available to allow Multinationals to finance several purchases in Securities with the same collateral their Banks deposit at the Regional Federal Reserve. This activity is loosely monitored by US Treasury Officials although suspect in its legality.
"The fiat currency system is a financial dead-end of a rocky road to nowhere but an absolutely paved path to serfdom."
Hyperinflation is its symptom of this Ponzi Scheme. Inflation itself is an invisible tax as devalued currency makes the cost of living for Domestic consumer products unaffordable. This lifestyle requires personal credit debt and the unregulated high-interest rates to consume all disposable income for the Middle Class.
What happens to this economic reality when the Chinese Middle Class grows so large that American Manufacturers no longer need the US Consumer market to maintain their profit margins, meet sales volume, benchmarks and market share without the US consumer market being primary factor sustain its higher stock price? Why is this occurring? What is occurring when their several reasons exist not to deposit in US Banks? First the higher capital gains tax rate. The second reason the corporate tax rate. The third reason is the payroll demands in the United States to procure foreign sales by exporting. In 2015 International Monetary Fund (IMF) estimates claims only $260 Billion physical real paper US dollars are circulating 'hand to hand' in the domestic US economy. Where is the rest of the $60 Billion of newly minted US Treasury Dollars printed monthly going? That means that $720 Billion dollars annually are flowing overseas to pay off US Treasuries that come due annually.
Add to the velocity of flight capital out the US Economy to foreign subsidiaries of US Corporations this phenomenon takes a Quantum Leap as Wall Street Analysts and Traders promote deficit spending, consumerism not personal savings.
These economic analysts can only ascertain the status of the present economy by using empirical data, "after the fact." Economists make these forecasts but must arrive at their conclusions by hypothesis. The opposing sentiment is subject hyperbole.
What if TheFiscals propose a buying instrument for purchasing that alters this economic data forever? A tool that permanently raises the floor of the depth of the Economic recession. This Smartcard mitigates high unemployment economic cycles while denying Federal and State Government a slice of the taxable income from the American pie?
THE GO^ID SMART CARD Gives New Meaning to our motto: E' Pluribus Unum
The GO^ID is the most financially empowering Driver's License ever reinvented.
Upon renewal of your Driver's License, by appointment only, and credit qualification in coordination with State's Department of Revenue any US Citizen can request the GO^ID SmartCard TM. This multifaceted Identity locked Driver's license is fingerprint activated, that is also an ID card, debit card, US Passport, Concealed Weapons Carry Permit, Organ Donor card and Social Security Card all in one. Users of the Go^ID are entitled to a sales tax-free birthday up to ($100,000.00) one hundred thousand dollars for retail purchases for 24 hours.
Since every day is someone's birthday in America, a large segment of the buying public will be consuming in the marketplace at all times. The Economic recession will never reach the depths that cause such high unemployment. As Americans begin to save for big purchases, credit card debt right off by banks are reduced while gift giving becomes commonplace instead receiving. Any day is Christmas Day in America!
This single idea will lead to the reinvention of the American capitalistic system. The social compact between friends and family alters the cultural fabric of the American birthday in this process., from receiving to giving gifts on this day.
The GO^ID Smart Card requires two digit fingerprint to be activated. Its rightful owner can only use the Go^ID at the retail point of sale. It will consists of the latest Thin Film Transistor Technology (TFT), and polycrystalline microchips in conjunction with similar Wallet Edge TM patented technology from Info Systems TM.
How to qualify for your Go^ID Smart Card?
Any person, who possesses a Driver's License in good standing and US Citizen can be issued the GO^ID SmartCard TM . Each must submit to a fingerprints and eye scan exam at the Driver's license bureau. Plus the issuer must submit a US Passport authentication, photo ID, and a completed valid certified bank account authorization form* to be presented to The Department of Revenue in your State under penalties of perjury. The Department will authenticate the average balance of your banking requirements on an annual basis.
India's Go^ID Smart Card is called The Aadhaar Card
A good example of this Technology's prevalence on a mass scale in Society is the Aadhaar Card implemented in India. The technology is patented by Infosys TM combined with fingerprint scanning (TFT) capabilities. It is being carried out by Authority of The Unique Identification Authority (UIDAI) of India. Its purpose is to apply a Social Security type system to identify Indian citizens who need early infant Medical Care and Welfare benefits. Unlike the Affordable Care Act (ACA) Health Care website, (500) five hundred million India's citizens have been able to go online and get the Aadhaar Card.
The logic of a Go-ID-Smart Card is obvious; since every day is someone's birthday in America, there will always be a segment of the population, at all Socioeconomic levels, with an incentive to purchase in the Domestic Retail Economy. This daily activity might eliminate or reduce the depth of any economic recessions going forward.
Simply put, the Go^ ID SmartCard is consumer confidence on steroids and American Capitalism at its most innovative.