The Fed Up! Blog » There’s A New Currency That Will Solve All Your Debt Problems – The Barackazillion

There’s A New Currency That Will Solve All Your Debt Problems – The Barackazillion

Doug Eberhardt — Thu, 07 Jul 2011 16:18:50 +0000

The Barackazillion is “The Only Currency You Will Ever Need” – go to http://barackazillion.com/ and watch the video to see how it works.

“Money We Can Believe In”

“As Good As Gold”

For those who lean left or right, I would have created the same currency for Bush had I thought of it then. Contrary to mainstream media belief, the Republicans were big spenders too during the Bush years. They have only become fiscally conservative to have something to counteract the Democrats with since this mostly neo-conservative Republican party has been duped into loving and supporting wars (you know who you are). How Christian of you…

Understand the Truth

I am neither left nor right in my political views. The media would have you argue left versus right politics till you are blue or red in the face. The whole time the elites of the world, including those who are in Congress, you know, the one’s you keep electing to office each year, are destroying our monetary system. It’s the monetary system that keeps things going. Congress should let the bad banks fail and we move on with a secure system. Instead, both sides of the political aisle, in the name of “saving the system” only put us further into debt and deficits.

So What’s Next?

If you are a Christian, Atheist, Black, White, Gay, Straight, you are being affected by what Congress does. It matters not who is at the top except for the executive powers they abuse.

I will create a new currency exposing the same issues for the next President if Obama doesn’t get elected to a second term, although Romneyazillion just doesn’t have the same zing to it…

The point of the Barackazillion currency is to mock our Federal Reserve System that continues to print money out of thin air in allowing Congress to pay for things (wars, deficits and national debt), thus enslaving us for years to come. This has to end! Electing a different leader doesn’t change anything!

I’ve personally used the Barackazillion to pay for a taxi ride. I convinced the driver that it was a new currency available here in the U.S. and he accepted it (I later paid cash after testing out my theories that I could convince people it is acceptable currency). This is the level we have devolved to in America. People believe anything they hear…like from the mouths of Congress and the media. In the end, Congress will do what the elitist want them to do. They’ll bail out the banks. They’ll bail out big business. They’ll have you pay for it. Why don’t you citizens here in America understand this? Why do you believe everything the media tells you to believe as if it’s Gospel? The media is complicit in what is happening too. Why don’t most of you who are glued to the television get it? Of course there are exceptions to this…more people are waking up.

Much of this analysis I do will be explained further in my forthcoming book, “We the Serfs.” I have spent the last 5 years working on this book and have put all the pieces of the puzzle together for you to understand what’s really going on in America. It is a Christian/Political book based on facts. It is also a book that those of any other religion, ethnicity or sexual orientation, will agree makes sense. Of course those in Congress and the media won’t really like it, except for a few.

This isn’t any kind of conspiracy theory either. When I say the media is complicit, I can prove it. Of course there isn’t any media in America that will allow me to explain, so I am going after those who keep the truth from U.S. citizens by mocking them. It’s rather easy for me to do you know… Naturally, creating a currency that competes with Federal Reserve Notes would not be something that Congress or the Federal Reserve would want for us citizens. That’s why they tax gold and silver at 28%. They don’t want competition to their monetary system scheme. But unfortunately, it is this scheme that cannot last, and you will be the one left without a chair at the end unless you do something now.

Solutions

Congress would not be able to do this if there was no Federal Reserve enabling them to spend more than they have available. Congress would not be able to keep spending more than they have available if there were a Constitutional amendment to constrain their spending to income earned like the rest of us have to do living here in America.

Ending the Fed and implementing a Constitutional amendment would result in the following;

The over-spending by Congress would end
The wars would end and lives saved
The economy would recover

You have choices come election time. That’s what the media would have you believe. But no matter who you elect won’t change the flawed system. The rules have to change first, and we elect people who will abide by those rules. Every Congressman swears to uphold the Constitution. They simply don’t once in office. So taking away one of their tools that allows them to spend like drunken sailors is the first step. We must End the Fed. A second step is to implement a Constitutional amendment that constrains Congress with SEVERE penalties, including personal ones (loss of government pension, loss of health care benefits in retirement, etc.), if they don’t adhere to it. Without the penalties, Congress will continue to abuse us citizens like they have since 1971. Make it personal and they’ll act in our best interest rather than the elite’s. After all, it is We the People they serve.

There is of course more to it than these simple changes. Again, this will be explained further in my forthcoming book.

What happens if there are no Congressional constraints and the Federal Reserve continues to implement Quantitative Easing?

If we don’t do something that stops this madness that Congress and the Fed have become, the result will be “We the ~~People~~ Serfs.” It will result in the end of the greatest country’s economic system on earth. It will result in the end of our monetary system as we know it because everything Congress and the Fed does is unsustainable. It’s simple math folks…there’s a reason why our kids calculators can’t compute one Trillion….or one Barackazillion (you really do have to watch the Barackazillion video).

We must live within our means as a nation for the system to work! Everyone else has to! This is the issue…

Feel free to pass this message on to your family and friends…or, do nothing and just elect the same people into office who cater to the elite’s because they have the tools to make themselves wealthy at your expense. It’s up to you to be proactive. Enlightenment can come with a simple forwarding of this message….

Your Senate Hard at Work Spending Your Tax Dollars and Increasing the Federal Debt Again

Doug Eberhardt — Thu, 24 Dec 2009 20:22:34 +0000

I find it ironic that on the day the Senate passed the$871 billion Health Care Bill and while all the congratulatory hand shakes were occurring, there was a vote being conducted to raise the federal debt limit from $12.1 trillion to $12.4 trillion.

The Media Will Let This Bill’s Passing Slide Unnoticed

This bill, H.R. 4314, To permit continued financing of Government operations passed with the same exact numbers as the Health Care vote, with all Republicans voting Nay. Since the Media doesn’t want you talking about the national debt at Christmas time, they won’t even mention this bill’s passing.

The Health Care Bill Cost Is Dwarfed by the National Debt

It is estimated that the Health Care Bill will cost each family just under $8,000. You can add this to the over $38,000 that represents each individual’s share of the national debt.

While Republicans are starting to see the light when it comes to their votes in restraining government spending, Democrats are fully taking advantage of their majority which leads us to the question, are Democrats stupid or ignorant?

Green Shoots See Winter Approaching

The temporary fix ala the Federal Reserve, aka bailouts and green shoots are still working. But the damage they are causing is on the horizon. It’s only a matter of time before the green shoots wither and die. The future outlook for America hasn’t changed. Congress will still do what they do best, no matter who is in office, spend your money as well as that of future generations.

I’m Not Always Negative

To spread some Christmas cheer to the Obama administration, I wrote to the White House 17 days ago to give them ideas on how they can help the unemployment picture for teens in America.

The teens of America are especially hit hard by unemployment.

Unemployment Rate by Race Age 16-19:

Black: 49.4%
Latino 34.7%
White 23%

I sent my email letting the White House know I have solutions directly to the attention of President Obama via his email address: president@whitehouse.gov.

So far, I haven’t received a reply. If someone sees him over the Christmas Holiday, please tell him to read his emails.

Merry Christmas to all!

Social Security Will Be There For You, However…

Doug Eberhardt — Thu, 03 Sep 2009 01:56:23 +0000

First Social Security was supposed to run out of money in 2041. Then, a study by the Social Security trustees earlier this year showed that funds will run out by 2037. The same study says that Medicare will not be able to pay its hospital bills in just eight years.

So where do the Social Security trustees get their information to make their current projections? Looking at their 2004 projections shows the worst case scenario is already close to reality here in 2009. From the 2004 OASI Fund Trustees Report (OASI stands for Old Age Survivor Insurance):

Uncertainty of the Projections

Significant uncertainty surrounds the intermediate assumptions. The Trustees have traditionally used low cost (alternative I) and high cost (alternative III) assumptions to indicate this uncertainty. Figure II.D7 shows the projected trust fund ratios for the combined OASI and DI Trust Funds under the intermediate, low cost, and high cost assumptions. The low cost alternative is characterized by assumptions that improve the financial condition of the trust funds, including a higher fertility rate, slower improvement in mortality, a higher real-wage differential, and lower unemployment. The high cost alternative, in contrast, features a lower fertility rate, more rapid declines in mortality, a lower real-wage differential, and higher unemployment.

This “high cost alternative in the 2004 report is represented by the numeral III in the graph below, showing Social Security funds to run out by 2031.

Question to Ponder: If the governments own projections from five years ago have resulted in the worst case scenario coming to fruition in just a few short years, what does this hold for today’s projections on how long the Social Security Fund will last?

Today’s projections show a projection of funds running out shortly after the beginning of 2028 as shown in the graph below. Please note that the Trustees graphics have gone downhill in the last five years. It looks like government is cutting back in some areas.

The Truth of the Matter

One can choose between I. low-cost projections, II. intermediate-cost projections and III. high-cost projections in the graph above. If you believe the Social Security Trustees high-cost projections, the fund for Social Security benefits and Disability benefits combined will run out in the year 2025. The Disability portion is scheduled to run out by the year 2016. That’s just seven short years from today, assuming things remain the same.

Why Use the “High-Cost” Projections?

Take a look at what our past and current administrations are doing to the economy. The current budget deficit is slated to run 1.6 Trillion for 2010 and $9 Trillion for the next decade to include $1 Trillion for an overhaul of the nations health care system.

This is new debt added to the current debt of $11.8 Trillion. Where will this money come from? Answer? Inflation and higher taxes.

To make matters worse, the interest on the assets in the fund are projected to be lower through 2012 than in last year’s report because of the lower interest rate environment.

Social Security Won’t Run Out of Funds…..However….

How is adding debt to more debt going to solve any of America’s problems in following through with the promises to seniors who have trusted their government to at a minimum give them their money back they put into the system?

Answer? The Government is very capable of paying all the money back that they have collected from citizens over the years. The problem is that the dollars they collected will have a much, much lower purchasing power than the dollars they are paying out.

This is the effect of the U.S. government creating and carrying so much debt. The government can always, through the Fed, create as much money as it needs to pay seniors their social security check just by the press of a button. But what most in America don’t understand is what effect the current spending will have upon their future income’s purchasing power. If you’re asking for health care overhaul today, how will it be paid for tomorrow?

The System Is Broke, Sure, But Should I Be Worried?

Unfortunately for those who live on Social Security, the answer is yes, you should be worried. The prices of items just ten short years ago are much higher than they are today. Ten years from now, prices will be much, much higher than they are today. If you rely on just social security CPI adjustments, they will come, but won’t keep pace with real inflation. Some of you will be forced to make alternative decisions on where to live. Younger families will be forced to take in their older relatives.

For those that have time on their side, they can do something about it by buying gold to insure they are prepared for the dollar devaluation that is sure to come. Gold since 2000 has kept up with inflation and will continue to do so.

Your financial advisor won’t tell you about gold because most of them are ignorant of how gold fits into a diversified portfolio. Financial guru Dennis Gartman was on CNBC just today talking about how he would recommend 2% to 3% invested in gold, but laughingly said at the most 5% because, “you can’t eat gold.”

Well Dennis, you can’t eat paper dollars either, can you? Ask yourself this question: “Will 5% of your portfolio in gold protect the 95% that is subject to the fall of the U.S. dollar?” Answer: No. This is what Gartman and other financial advisors don’t understand.

I met Gartman once. He said he is wrong over 80% of the time. You can count his current comments about gold in that 80%. Sure, gold could fall in price from here with a temporary dollar move higher. But in the end, all of this government spending will come back to bite seniors pocket books every time they head to the grocery store. Our Government reaps what it sows.

The Pakistan Situation

Doug Eberhardt — Tue, 05 May 2009 18:24:38 +0000

The situation in Pakistan will get worse…and the U.S. is over-strained to do anything about it, both militarily and economically…

Even more reasons the dollar is on shaky grounds…and for that matter, the stock market to…. Got gold?

Pakistan expects 500,000 to flee Taliban fighting

and if the U.S. does interfere in Pakistan….good time for China to attack us! (joking here, but don’t underestimate the words of Sun Tzu):

“Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy’s resistance without fighting. Sun Tzu “Art of War”

So thinking ahead, the following question needs to be contemplated:

What will Obama do?

Here are the facts:

Obama: U.S. prepared to pursue targets in Pakistan

and don’t forget this statement from Obama during his 8/1/07 Presidential campaign speech;

“The first step must be getting off the wrong battlefield in Iraq, and taking the fight to the terrorists in Afghanistan and Pakistan…. If we have actionable intelligence about high-value terrorist targets and President Musharraf won’t act, we will.

It’s rather obvious to me what Obama will do…

No related posts.

Vote For Those That Voted “NO” To the Bailout Come November

Doug Eberhardt — Sat, 04 Oct 2008 16:06:19 +0000

Voting for those senators and house rep.’s who voted “no” for this bailout bill would be a good protest vote come November.

Below is the response from my local house rep. Typical politician double speak…”I’m against it but I voted for it…”

Senator Feinstein voted for it and replied to my letter of protest. Senator Boxer voted for it and never replied.

Racetrack improvements, $100 million, movie industry $500 million and $2 million for wooden arrows are part of the bill? Are you kidding me?

All the pork thrown into this bill has got to wake America up to what is really happening with our elected officials. I swear….if it doesn’t, then Americans deserve what they get.

You can only blame ignorance for so long…pretty soon you crossover into the realm of stupidity.

If anyone votes in November for any of those that voted “yes” for this bill, they have crossed over. If this bill was really for helping the economy, then why did the stock market go down 150 points?

The ship is sinking folks… Make your vote count in November. Shove these losers that voted yes out the door.

FYI, Obama and McCain voted “yes” for the bailout bill. A vote for either of them means you approve of this bailout.

Doug Eberhardt

www.youcanmakeadifference.org

From my House rep Mike Thompson:

Dear Doug:

The Emergency Economic Stabilization Act passed by the House today is not much better than the one we rejected on Monday. While the increase in FDIC protection is an important improvement, more market reforms are still needed. The reality is that the credit market is locked up and that is hurting Americans. It was very evident that if the House failed to act the consequences would shake the foundations of our economy.

From the time that the Bush Administration first asked for this rescue package, I argued that if taxpayers were being asked to pay up, then we needed regulatory reform at the same time. But this week, the precarious state of our economy showed that we needed to act quickly, and that getting comprehensive regulatory reform would take time, a luxury we did not have. In my many conversations with constituents and economists, it became clear to me that this crisis is not going to just affect those on Wall Street, but folks on every street across our district and around the country.

You don’t have to look any further than today’s unemployment numbers to see why we have voted to act now. The country lost more jobs in September than any month in the last five years. Unemployment in California stands at 7.7 percent, the highest it has been in 12 years. A major reason is that our financial system has stopped functioning and banks are not extending credit to employers. I have talked with individuals and business owners across the district who say that the tightening of the credit market has already affected their ability to maintain operations or to expand their businesses.

Within the last two weeks, the Arcata Community Recycling Center has seen their interest payments balloon to four times their normal rate. Standard Structures in Windsor was about to finalize a $10 million order from a Texas company until they got word this week that the project was stalled because of the credit crisis. There are fifty jobs tied to that one contract. Many more of our small businesses will be forced to lay off workers or wait on hiring new workers if they don’t have access to credit.

Governor Schwarzenegger and Treasurer Bill Lockyer announced this week that California has four weeks of cash flow, and if the markets are not restored, the state will be unable to pay its bills. It’s only a matter of time before cities and counties will be forced to pass along these budget shortfalls by reducing public services. From public health and safety workers, to road crews and garbage pickup, the government services that we rely on will be disrupted and these jobs will go on the chopping block.

I can assure you I still disagree with this bill and I remain committed to enactment of concrete market reforms that address the underlying problems that lead to this crisis. To that end, I’ve received a direct commitment from Speaker Pelosi that she too will work to identify and address the problems that led us to this point. The House will immediately begin holding hearings on the regulatory shortcomings in our financial system, so that come January we will be ready to craft legislation that addresses the issues I’ve raised and others that will be uncovered. Congressman Barney Frank, who chairs the House Financial Services Committee, has promised me that his committee will make the reforms I advocated for a top priority. And I’ve received a personal commitment from Senator Obama that if he’s elected President he too will work for these important market reforms. In January, we will be well positioned to pass important legislation that will close the loopholes and tighten up regulations in the financial services sector.

Today I voted for this legislation because it was clear to me that we must take immediate action to restore a measure of confidence in the economy. This isn’t the end of our problems nor is it the last of the legislation. Like everyone else, I’m outraged that taxpayers have been tapped to cover the greed and excesses of the financial marketplace, and I’m outraged that as taxpayers we have been asked to cover for the failure of Wall Street regulators. But when forced to choose between doing nothing and passing this bill, I voted for what I believe is best for our country and our district, and voted to pass this legislation. We face a tough road ahead, but hopefully by unfreezing the credit markets, Americans can get back to growing their businesses and growing our economy.

Thank you for taking the time to contact me on this important issue. I appreciate your conviction on this matter and have valued your continued dialogue.

Sincerely,

MIKE THOMPSON
Member of Congress
[link edited for length]

America’s Infrastructure In 2009: Grade “F”

Doug Eberhardt — Mon, 14 Jul 2008 21:17:57 +0000

In 2005, the American Society of Civil Engineers (ASCE) came out with a report card on America’s Infrastructure. The overall grade from the 2005 report was D, down from a D+ in 2001. William Henry, president of the ASCE, said; “Since the time our infrastructure was last graded in 2001, there has been little or no improvement in any of the 12 infrastructure categories.

Here is the 2005 Report Card on the 12 categories:

Aviation — D+

Bridges — C

Dams — D

Drinking water — D-

Energy — D

Hazardous waste — D

Navigable waterways — D-

Public parks — C-

Rail — C-

Roads — D

Schools — D

Solid waste — C+

Transit — D+

Wastewater — D-

SOURCE: American Society of Civil Engineers

There’s a game that I played years ago called Sim City. The basis for Sim City is managing local government. The objective of the game is to use your decision making skills to build a city and manage the city as potential disasters and other problems arise. Some schools, such as Auburn University use Sim City to teach students systems thinking, problem-solving skills and “craft” in the planning profession.

I remember in playing this game that if I concentrated on one aspect of planning and neglected others, there were consequences, sometimes severe consequences. This leads to our current situation here in America. For now, our nation’s leaders (Congress and the President) are spending their time waging undeclared wars where the cost to pay for said wars aren’t even included in the budget deficit figures.

So when will our leaders decide that our own nation needs some TLC and leave other nations to depend upon their own people to survive? The answer will probably be found when the next bridge collapses or the water situation hits crisis level. A “D-” for drinking water? Are you kidding me?

Our leaders are reactive, not proactive. The only thing that they are leaders of is the march towards the destruction of America as we know it! They would lose every game of Sim City they ever played. If only there were no consequences.

The next ASCE report card is due out in 2009. I can only imagine what further deterioration will have occurred. Can the grade of “F” be too far off? If your child receives these types of grades, are you proud of them? No! You do what you can to fix the problem by paying more attention to what is causing it!

What’s causing our problems in America? We need $1.6 trillion over the next 5 years to fix our infrastructure. Where will that money come from? Is it in the current budget? Will war with Iran make things better or worse? Does Congress even ask these types of questions?

So to pay for the repairing of infrastructure, congress can only do one of two things; raise taxes or print more money (the hidden tax called inflation).

Either way, you will pay more for everything.

You’ll find out what’s going on with your state’s infrastructure here.