There was once a great story told of the American Revolution's infamous Boston Tea Party. This revolt had come about due to the tax imposed on colonists Dec 16, 1773. Not only was this due to the Tea Act 0f 1773. It was also due to other acts passed at the time such as the Stamp Act of 1765, the Coercion Act of 1774 all passed by an unpopular British Parliament. These Acts lay low on the radar of people nowadays, as other Acts have passed and they seem to have minor significance in modern times.
Those who believe that is true are placed in the best perspective by Benjamin Franklin stating, "Any society that would give up a little liberty to gain a little security will deserve neither and lose both." We must as a society understand the principles which lead to the positions colonists took toward British rule at the time. Understanding the mentality at the time will allow for us to better understand the background of the constitutional rights we were given and many have died for.
Right now as we speak millions of people are either at work, on their way to work, or their way back from work. All of these people you and I included work in return for compensation. Legally that compensation can not be taken without our permission (sale/purchase of goods). We are currently taxed on not only our income but our sale and purchase of goods as well. In many states that impose a state tax citizens are being taxed 3 separate ways. This is lunacy! California for example has recently raised their sales tax a full 1% from 8.25% to 9.25% and many products including gas and tobacco impose not only a local and state tax but a federal tax as well. When taken into account these people have already been involuntarily taxed on their income and other taxes imposed, they are easily being taxed an astounding 4 times on each sicle income in the state.
How we stay oblivious to this stuff is amazing to me. Colonists were initially upset over the Tea Act due to the dangers of additional taxes being imposed on other products as well. So at this time we were not even being taxed on every product purchased. The reality of the Tea Act actually lessened the already existing tax on tea, saving the colonist money. So why did they become so enraged? They were only getting taxed once. Not on their income but on their purchase of tea. An alarm was sounded several years before that with the Stamp Act in which Governors were forced to resign as a result of colonial protests. These colonists saw the same wolf in a sheep's clothing and came together in revolt in the face of madness. They were upset at being taxed at all without having their voices heard in Parliament.
The initial protests were not meant to be violent. They were simply meant to boycott the import of the tea. Although thousands were in agreement over the no taxation without representation slogan, only 80-130 colonists participated in the actual destruction of the tea. Their were attempted concessions to repay the value of the destroyed tea that were turned down by the British Parliament. As a desperate attempt to maintain control of the colonies the British Parliament passed the Coercive Acts all of which were designed to punish settlers and re-establish authority.
The Coercive Acts also known as the Intolerable Acts were as follows:
The Boston Port Act which shut down the port of Boston until the East India Company that supplied the tea had been repaid and until the king was assured order had been restored. This upset the colonists who felt the many was being punished for the acts of the few.
The Massachusetts Government Act created even more outrage than the Port Act because it unilaterally altered the government of Massachusetts to bring it under control of the British government. Almost all positions in the colonial government were to be appointed by the governor or the king and also severely limited the activities of the town meetings in Massachusetts. Colonists outside Massachusetts feared that their governments could now also be changed by the legislative fiat of Parliament.
The Administration of Justice Act allowed the governor to move trials of accused royal officials to another colony or even to Great Britain if he believed the official could not get a fair trial in Massachusetts. George Washington called this the "Murder Act" because he believed that it allowed British officials to harass Americans and then escape justice.
The Quartering Act was the least controversial of the acts as it was to allow for Governors to accommodate British soldiers housing quarters in the event colonies had not individually done so. Some protested that housing was taken for soldiers from private occupies homes.
The Quebec Act was unrelated to the events in Boston, but the timing of its passage led colonists to believe that it was part of the program to punish them. The act enlarged the boundaries of the
Province of Quebec and instituted reforms generally favorable to the French Catholic inhabitants of the region, although denying them an elected legislative assembly. Many feared the establishment of Catholicism in Quebec, and that the French Canadians were being courted to help oppress British Americans.
These Acts were the last ditch effort of the British to keep grips on the colonies. If you look at the scope of what lead to the American Revolution you will see that a lot less was tolerated by colonists then common modern day citizens now. There was an understanding that there was a risk involved and nonetheless maintained an agenda of freedom. One reason the so-called powers that be do the very things that frustrate us as a public is because no one is going to do anything about it. They can rely on the fact that the most you all will do is privately complain, make signs and march. In most cases the marches hurt us more than them in lost wages attending the rallies. There has to be some kind of way of uniting on issues.
There are so many people satisfied with their current situation it is hard for those to stand up in protest to simply be left alone by conformists completely disengaged from issues that affect their daily lives. Our media doesn't help much when they would rather provide spin than speak on the issues from the informed citizen's view. So essentially to break it all down our paid representatives often times are completely out of touch with their constituent's wishes. Our media is out of touch, with our televised news programming being largely state-controlled. The corporate structure profits along the way, cutting benefits and jobs daily. Everyone is happy except for us and we are the only ones scared to say it!
What is going on? When is enough, enough? The founding fathers of the United States fought and protested the tax of individual products as a whole. Fearful of the violation of their constitutional and natural rights as man. We get taxed on everything but oh well I guess that's okay. Our income is taxed as well. Once again oh well I guess that's okay. We have no control over the dispersal of our tax payer dollars. Oh well I guess that's okay!
I urge all of us to come together in solution to this ever massive problem and bringing awareness to the forefront. Protest the banks that received our money by withdrawing every dollar from their institutions. If you owe money on credit cards refuse to pay. Everyone stop paying your car notes. Stop paying your mortgages and give yourselves some leverage to be respected. Lobby your congressman to re-apply the regulations once placed on financial institutions. Lobby them to eradicate the private stock in the Federal Reserve Bank. Or eradicate the Fed altogether. Dismantle or restructure the IRS and suggest paying a fair tax directly to the Dept of Treasury. Promote a universal fair tax as a solution to providing collectible taxes for government use of public programs, institutions and infrastructure. While you are reading this you are being taxed. Why so excessive? And what are you going to do about it?
Showing posts with label Chase Manhattan. Show all posts
Showing posts with label Chase Manhattan. Show all posts
Thursday, April 9, 2009
Wednesday, April 8, 2009
Protest the Banks!
All international banks involved in the bail out and some that were not part all played a part one way or another in the global catastrophe we face, if that makes any sense. Bankers have long since been financiers of anything major in the world. Not only in the private sector but the Federal as well. They can influence the outcome of wars simply by funding one side greater than another or recalling the loans on one versus another. Bankers do indeed finance wars, terrorism, state programs....you name it they fund it. But at what price though?
The price we pay is automatic manipulation of the circumstance. Automatic manipulation and control of policy. This is a remarkable feat. Bankers decide who wins wars, who loses and why.
Not only physical combative wars but economical wars as well. Right now we are all apart of an economic war of the classes. The uninformed rich people of America feel they are on the same side of the struggle these bankers and capitalists fall on. Not fully understanding that they are apart of the global grab for power and may also fall victim to the largest robbery to ever take place in the history of the world.
In previous articles I had written about similar robberies of the Great Depression era and how it related to us now. This article is part of that continuing effort to have people see the instances of manipulation as they happen.
A couple of days ago the Wall Street Journal reported that big banks resist the call to help Chrysler who has recently been seeking a bailout to help them avoid bankruptcy. JP Morgan/Chase had merged not too long ago. In 2007 Chrysler a privately held company had borrowed a large sum of money secured by the assets of the company. The Government has asked bond holders to write down the debt to 33 cents on every dollar owed. Although this bank has just received a bail out of its own to prevent systemic failure and spare us little guys some pain. They also have credit default swaps in place, which is insurance on the loss of what would be recouped in Chrysler's liquidation. Basically saying that in the event the secured assets do not amount to what is owed, this money will be covered by this credit default swap.
The sad part about what is going on right now is the fact that the American auto industry is on the verge of collapse and the same banks that have essentially already laced their pockets in Federal bailout money now are monetarily holding Chrysler hostage in financial black mail. Obviously if receiving a bailout to begin with these banks need money as their bad investments nearly squandered peoples entire life savings. Hence the bailout, so why don't they take the bailout take the pennies on the dollar and help an auto giant avoid bankruptcy. Simple business reason actually if they can force Chrysler into Bankruptcy, Chrysler would have to sell the assets to cover 100% of the debt owed or in worst case scenario recover a large portion and the rest in the credit default swap.
However they can still recover the credit default swap even if they took pennies on the dollar from Chrysler. It has been rumored that AIG is the actual insurance company that is covering the credit default swap and had received their own bail out as of recently. They have no patriotic loyalty to the U.S. or the U.S. automaker and would rather see them fall at the most inopportune time. So let's return the favor. Now we don't owe Chrysley anything as they had made inferior products for so long. However there is an overwhelming 300,000 jobs that will be lost as result.
Let's loose the grips the international bankers have on all of our policy and financial situations.
They have long been able to manipulate our economy keeping us in a state of slavery. Let's reverse the tide and give ourselves the leverage we need to create economic sustainability for ourselves and manipulate their economic situation in return to bring them down to our level an manifest a more even playing field. My question to you all is if we don't who will?
The price we pay is automatic manipulation of the circumstance. Automatic manipulation and control of policy. This is a remarkable feat. Bankers decide who wins wars, who loses and why.
Not only physical combative wars but economical wars as well. Right now we are all apart of an economic war of the classes. The uninformed rich people of America feel they are on the same side of the struggle these bankers and capitalists fall on. Not fully understanding that they are apart of the global grab for power and may also fall victim to the largest robbery to ever take place in the history of the world.
In previous articles I had written about similar robberies of the Great Depression era and how it related to us now. This article is part of that continuing effort to have people see the instances of manipulation as they happen.
A couple of days ago the Wall Street Journal reported that big banks resist the call to help Chrysler who has recently been seeking a bailout to help them avoid bankruptcy. JP Morgan/Chase had merged not too long ago. In 2007 Chrysler a privately held company had borrowed a large sum of money secured by the assets of the company. The Government has asked bond holders to write down the debt to 33 cents on every dollar owed. Although this bank has just received a bail out of its own to prevent systemic failure and spare us little guys some pain. They also have credit default swaps in place, which is insurance on the loss of what would be recouped in Chrysler's liquidation. Basically saying that in the event the secured assets do not amount to what is owed, this money will be covered by this credit default swap.
The sad part about what is going on right now is the fact that the American auto industry is on the verge of collapse and the same banks that have essentially already laced their pockets in Federal bailout money now are monetarily holding Chrysler hostage in financial black mail. Obviously if receiving a bailout to begin with these banks need money as their bad investments nearly squandered peoples entire life savings. Hence the bailout, so why don't they take the bailout take the pennies on the dollar and help an auto giant avoid bankruptcy. Simple business reason actually if they can force Chrysler into Bankruptcy, Chrysler would have to sell the assets to cover 100% of the debt owed or in worst case scenario recover a large portion and the rest in the credit default swap.
However they can still recover the credit default swap even if they took pennies on the dollar from Chrysler. It has been rumored that AIG is the actual insurance company that is covering the credit default swap and had received their own bail out as of recently. They have no patriotic loyalty to the U.S. or the U.S. automaker and would rather see them fall at the most inopportune time. So let's return the favor. Now we don't owe Chrysley anything as they had made inferior products for so long. However there is an overwhelming 300,000 jobs that will be lost as result.
Let's loose the grips the international bankers have on all of our policy and financial situations.
They have long been able to manipulate our economy keeping us in a state of slavery. Let's reverse the tide and give ourselves the leverage we need to create economic sustainability for ourselves and manipulate their economic situation in return to bring them down to our level an manifest a more even playing field. My question to you all is if we don't who will?
Subscribe to:
Posts (Atom)