What is the Biggest Event of the Week?

There has been very little mention of the biggest event of the week. The coverage of the election by the mindless media has mostly missed it. Wednesday the Federal Reserve announced it would begin immediately to monetize $600 BILLION of America's debt and leave the door open to do up to $400 BILLION more. As far as we know, and we may not know, this translates into somewhere between $1.5 and $2.5 TRILLION of new money that has been printed and pumped into the system since January of 2008! Add to that the fact that the economy is producing less jobs that the number required to keep up with population growth and the picture gets even more bleak. And, the people I talk to are mostly independent businesses and every one of them is underemployed or doing absolutely nothing. And, we hear nothing about the fact that the Real Estate market, in all sectors, has been collapsing for 4 years and the worst of the commercial crash is yet to come. Fannie Mae and Freddie Mac are going to have to be bailed out or collapse. Mortgage interest rates are the lowest in recorded history and the inventory of unsold and foreclosure properties is growing because qualified buyers don't exist. The agricultural sector is also in crisis. With near record high crop and livestock prices and record low interest rates, there are no profits. Why? Because inputs have been steadily going up for years. And that is with no inflation! Do you really believe the government reports? Wake up people! Go back and compare your grocery bills for the past 2 years. Now with the printing of all this money, that is worthless, inflation is about to go through the roof. No mention of that! Bernanke continues to say interest rates will stay low. And all this does not factor in any of the costs of Socialized Medicine that will come into play over the next 4 years. We may be on the brink of a bonafide collapse. And, no one is paying any attention! Unbelievable!

The Will of The New Congress

The question is, can the new congress find the will to do what has been mandated by WE THE PEOPLE? The only way for this to happen is if WE THE PEOPLE drive it to happen. Look closely at those remaining in both houses. Both sides are loaded with career entrenched politicians. As I wrote in my book, The Stimulus Tragedy, published April 1, 2009, "We cannot survive with America as it is and allow these relics to remain in office and continue to operate." Let's ask this question, "How many members of congress have been there since 1994?" What has the budget deficit done since then and what have those members done through 3 presidents and long periods of both parties in control? It has grown steadily worse. Millions of jobs have been shipped overseas and hundreds of thousands of jobs added to the federal government and the size of the bureaucracy has exploded. It is going to take at least 2 more elections to clean this mess up. And then it can only happen if WE THE PEOPLE keep the pressure on. Many Americans have not yet seen the light. John McCain, Barney Frank, Nancy Pelosi, Barbara Boxer, Daniel Inouye and many more career entrenched politicians, were reelected. Lindsey Graham, Max Baucus and dozens more are still there. Until it changes, it can't change. End of story.