Rick Siegel Prespectives on Freedom and Liberty

US Government Will Buy Your Home

The US government has gone deeper in the property business becoming partners in foreclosure. Recent wrangling in the Congress has been only around whether to go $3.9 billion more into debt or $15 billion dollars into debt. Either way the bill is supposedly a bailout of foreclosed homes to help out the few who paid inflated prices and interest to the banks but is really a bailout of the banks allowing the government to take over more real estate risks and assets.

These loans are so bad and so risky that even Bear Stearns, who the government bought recently, would not touch them.

What is really the problem? Having a government that is going to inflate the problem by borrowing its own money at exorbitant rates to pay for this. The printing of more money will bring the value of the currency down and bring up the oil price, as gold will be more costly to buy in dollar terms.

The current bills both allow grants – free money, as well as partnership deals in the profits on future sales. Incredible commercial transactions entered into by government.

The fact is the taxes collected do not pay the simple interest on loans made for the trillions of dollars the Washington buggers have spent. Each time they pull these boners the gas pump price will rise and there will be more to pay at the grocery store and less value to your homes in dollar terms. More houses enter foreclosure and the government is now there to buy back all the property with fiat currency.

The solution? End the fiat currency. Bite the bullet and go back to the gold standard and real money. End usury and get rid of the private creation of money.

Reality? Your elected officials will continue the obscene abuse until you are broke and in the streets as they take all you own. Showering paper dollar notes like they were merely confetti to plug the gushing leaks in its financial planning while placing the burden of those actions on you, your future and your family’s future. As you get your debt relief checks how far will they go with gasoline at $10 a gallon and $2.00 for one orange?

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