In a free country ALL TAXATION IS THEFT – in the socialist/Marxist/Maoist cult, all property is theft

I replied to a comment from OutofStep in the thread linked below –my reply was a long one, so I thought it worth turning into an article.

(100) The last 3 years of Democratic Party corruption in a thousands words – (the corruption since the election of Obama would take another 10,000 words) (substack.com)

This site best shows the track of Federal Reserve "monetization" along with other major central banks.

Monthly Balance Sheets (yardeni.com)

Figure 7 on page 4 shows the 4.5 trillion monetization of the almost entire amount of Obama's consecutive trillion dollar deficits over his first term v "only" around a trillion or so for Trump's term. Keep in mind that the Obama GDP started at around 14 trillion bucks, so a trillion back in 2009 was a much larger percentage of GDP. Current US GDP is around 26.5 trillion bucks.

Gross Domestic Product (GDP) | FRED | St. Louis Fed (stlouisfed.org)

This has a table of annual fiscal deficits and debt increases over the long term, showing the detail:

US Budget Deficit by Year (thebalancemoney.com)

This site shows the path of the Fed Funds rate over the long term - you can select a 20 year period:

Federal Funds Rate - 62 Year Historical Chart | MacroTrends

The Fed maintained zero interest rates for ALL of Obama's terms, but jacked them up2-2.5% over the first few years of Trumps term,

So Trump received much lower economic benefits from quantitative easing, Trump had interest rate increased to contend with and still produced lower fiscal deficits than the Obama years (plus delivered the lowest unemployment rates across minority demographics),

Since the scamdemic, the Fed has monetized a further four trillion bucks - almost ALL of the "extra" C19 spending, BUT, has jacked interest rates up by around 5% (two years too late, from an inflation only perspective) t choke off the 20% inflationary impulse of the fiscal blow out of an extra 25% of GDP in government spending - which caused the inflation we are currently suffering.

FWIW - I view the "unpoliticized" fiscal position as a mirror of the trade deficit AND the trade deficit is a proxy for the relative IQ of a country.

From here without politics, the fiscal deficit would be around 800-900 billion and represents educational shortfalls in generating the ability to compete globally (via import substitution and exports - you have to adjust this for natural resources of course - making "zero net hydrocarbon imports/exports" an attractive pillar of the economy).

U.S. Trade Balance 1970-2023 | MacroTrends

You can clearly see the deteriorating trade competitiveness from “progressive” fiscal policies that make people poorer, sicker and stupid(er) and less able to compete globally. Perhaps this coincides with the effects of pharma drug abuse and addiction promoted by the likes of Fauci..

The socialist/Marxist/Maoists have no respect for the utility of monetary measurement as a metric for success - to them money is coincidental to the process of "world domination" via massive taxes and government spending that secures their tyrannical position.

Of course, the Biden junta exacerbated these problems because i has the brains of a spike protein, choosing, for example, to import expensive crude oil rather than produce cheap domestic oil because “green” and such.

In my view. eliminating as many Federal taxes and Federal spending programs as possible is the way to "starve the beast".

The argument is simple - freedom v tyranny by (medical) hacks and (political) quacks.

ALL TACATION IS THEFT IN A FREE COUNTRY - all that you have belongs to you"

V

All property is theft to a socialist/Marxist/Maoist cult member- all that you have belongs to the state.

Onwards

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