Best of the Week
Most Popular
1.Are UK Savings Interest Rates Finally Starting to Rise? Best Cash ISA 2017 - Nadeem_Walayat
2.Inflation Tsunami - Supermarkets, Retail Sector Crisis 2017, EU Suicide and Burning Stocks - Nadeem_Walayat
3.Big Moves in the World Stock Markets - Big Bases - Rambus_Chartology
4.The Next Financial Implosion Is Not Going To Be About The Banks! - Gordon_T_Long
5.Why EU BrExit Single Market Access Hard line is European Union Committing Suicide - Nadeem_Walayat
6.Trump Ramps Up US Military Debt Spending In Preparations for China War - Nadeem_Walayat
7.Watch What Happens When Silver Price Hits $26...  - MoneyMetals
8.Stock Market Fake Risk, Fake Return? Market Crash? - 2nd Mar 17 - Axel_Merk
9.Global Inflation Surges, Central Banks Losing Control and Triggered the Wage Price Spiral? - Nadeem_Walayat
10.Why Gold Will Boom In 2017 - James Burgess
Last 7 days
Critical Fibonacci Extensions May Mark End Of Trump Stock Market Rally - 29th Mar 17
Ending Syria’s Nightmare will Take Pressure From Below - 29th Mar 17
Charts That Reveal US Real Employment Status and It’s Not Good - 29th Mar 17
SNP Controlled Scottish Parliament Demands Right for Scotland to Commit Suicide - Indyref2 - 29th Mar 17
USD Gold Myriad of Signs - 28th Mar 17
Ominous Social Trends That Will Shape Our Future - 28th Mar 17
Foundation And Empire: Is Donald Trump The Mule? - 28th Mar 17
Top Ten US Dollar Risks - 27th Mar 17
The Popularity of Gambling and Investing Amongst Students - 27th Mar 17
Is Political Betting on the Rise? - 27th Mar 17
US Stock Market Consolidation Time - 27th Mar 17
Russia Crisis - Maps That Signal Growing Instability and Unrest - 27th Mar 17
Goldman Sachs Backing A Copper Boom In 2017 - 27th Mar 17
Foundation – Fall Of The American Galactic Empire - 27th Mar 17
Stock Market More Correction Ahead - 27th Mar 17
US Dollar Inflection Point - 27th Mar 17
Political Week Presurres US Stock Market - 25th Mar 17
London Terror Attack Red Herring, Real Issue is Age of Reason vs Religion - 25th Mar 17
Will Washington Risk WW3 to Block an Emerging EU-Russia Superstate - 25th Mar 17
Unaccountable Military Industrial Complex Is Destroying America and the Rest Of The World Too - 25th Mar 17
Silver Mining Stock Fundamentals - 24th Mar 17
A Walk Down the Dark Road of Bad Government - 24th Mar 17
Is Stock Market Flash Crash Postponed Until Monday? - 24th Mar 17
Stock Market Bubble and Gold - 24th Mar 17
Maps Of Past Empires That Can Tell Us About The Future - 24th Mar 17
SNP Independent Scotland's Destiny With Economic Catastrophe, the English Subsidy - IndyRef2 - 24th Mar 17
Stock Market VIX Cycles Set To Explode March/April 2017 – Part II - 23rd Mar 17
Is Now a Good Time to Invest in the US Housing Market? - 23rd Mar 17
The Stock Market Is a Present-Day Version of Pavlov’s Dog - 23rd Mar 17
US Budget - There’s Almost Nothing Left To Cut - 23rd Mar 17
Stock Market Upward Reversal Or Just Quick Rebound Before Another Leg Down? - 23rd Mar 17
Trends to Look Out For as a Modern-day Landlord - 23rd Mar 17
Here’s Why Interstate Health Insurance Won’t Fix Obamacare / Trumpcare - 23rd Mar 17
China’s Biggest Limitations Determine the Future of East Asia - 23rd Mar 17
This is About So Much More Than Trump and Brexit - 23rd Mar 17
Trump Stock Market Rally Over? 20% Bear Drop By Mid Summer? - 22nd Mar 17
Trump Added $3 Trillion in Wealth to Stock Market Participants - 22nd Mar 17
What's Next for the US Dollar, Gold and Stocks? - 22nd Mar 17
MSM Bond Market Full Nonsense Mode as ‘Trump Trades’ Unwind on Schedule - 22nd Mar 17
Peak Gold – Biggest Gold Story Not Being Reported - 22nd Mar 17
Return of Sovereign France, Europe’s Changing Landscape - 22nd Mar 17
Trump Stocks Bull Market Rolling Over? You Were Warned! - 22nd Mar 17
Stock Market Charts That Scream “This Is It” - Here’s What to Do - 22nd Mar 17
Raising the Minimum Wage Is a Jobs Killing Move - 22nd Mar 17
Potential Bottoming Patterns in Gold and Silver Precious Metals Stocks Complex... - 22nd Mar 17
UK Stagflation, Soaring Inflation CPI 2.3%, RPI 3.2%, Real 4.4% - 21st Mar 17
The Demise of the Gold and Silver Bull Run is Greatly Exaggerated - 21st Mar 17
USD Decline Continues, Pull SPX Down as well? - 21st Mar 17
Trump Watershed Budget - 21st Mar 17
How do Client Acquisition Offers Affect Businesses? - 21st Mar 17

Market Oracle FREE Newsletter

Elliott Wave Trading

America's Decide Nothing Congress

Politics / US Politics Sep 09, 2009 - 01:43 AM GMT

By: Stephen_Merrill

Politics

Best Financial Markets Analysis ArticleWhen the United States Constitution was corrupted in the 1930’s to change the meaning of the Commerce Clause to include unlimited federal powers in the economy, it was the US Congress that was made omnipotent.  Only the Congress has the authority to control interstate commerce under the Constitution.  The powers of Congress waxed for decades after the 30’s steadily protruding into all aspects of American life.


Proving once again that legislatures with a lot more power than necessary end up failing at the important roles only government can perform, America’s Congress has now withered to a body wholly focused on gamesmanship.  Half of a congressman’s time is spent on trying to maneuver federal spending in his or her district’s favor.  The other half is spent raising campaign money and spending it.

         There is simply no time left for the powers the Constitution does directly grant to Congress.

       Congress has not exercised its obligation to declare War since World War II even though the country has waged six wars across the world since then.  The sole authorization from Congress concerning the invasion of Iraq explicitly gave the President the war-making power to use or not to use as he saw fit.   The Gulf of Tonkin Resolution that launched America into the Vietnam War did not contemplate a full-scale conflict with North Vietnam. The President committed the nation to that war largely on his own.

       In times of peace, there is no power given to Congress by the Constitution that is more central to the nation’s long-term prosperity and international standing that the power to coin money.  History is replete with republics that destroyed their way of life through the irresponsible use of paper money.  The framers of the United States Constitution wisely limited the States to issuing money backed by gold or silver.  Section 8(10).  That measure was in large part based on their experience in funding the Revolution.

       Long ago, Congress gave the authority to determine the nation’s money supply away.  The Federal Reserve, largely a private company owned by the wealthy across the world, has grown to unimagined powers.  Congress was silent when the Federal Reserve backed by FDR and later Richard Nixon ended the dollar’s backing with gold reserves.  Just last year the Federal Reserve secretly handed $10 trillion to Wall Street in exchange for liens on junk assets.   The Fed still refuses to disclose those payments even to Congress.  Congress has taken no action in reply. 

     Congress takes up the President’s budget, not its own, even if a President of a different party occupies the White House.  When difficult matters arise, like reducing entitlement growth or eliminating outmoded military bases or investigating the most devastating attack on the United States ever, Congress’ responsibility is delegated to specially invented commissions.  Congress is openly known to be too partisan and venal to do its work when it matters the most.    

       The present Democratic Congress was pushed around easily by George W. Bush through to the very end of his administration.  Congress’ voice in making broad policy decisions is now a mouse squeak as much as ever.   The new President makes all important legislative initiatives and sets all priorities.

        Like one of the drug addicts it demonizes, Congress spends all of its days fawning for campaign contributions and for pork-barrel rewards for their constituents and themselves.   Any other kind of Congressional work is controversial, a waste of time, irrelevant and not why the members came to Washington.

      Why do overly powerful legislatures always descend their nation into chaos?  Because an all-powerful legislature entices the wrong sort of people to seek to conduct the government’s business while deterring potential candidates who have the public benefit mainly in mind.  Indeed, it takes a cheat of sorts to wish to divvy up half of the nation’s treasure largely on a campaign contribution basis.  Conversely, it requires a person of integrity to restrain the exercise of political power while in office and to think of others primarily in making decisions for the public.  At times of danger the nation is especially at risk from a fattened, corrupt legislature.

      The utter failure that is the present United States Congress will be on display as never before soon when the economy completely collapses under the crash of the last federal bubble.   Washington will surely then focus on recrimination since myth-making will be much more difficult.   With the dollar imploding at home and across the globe, there will be no further stimulus programs possible to fight the Greatest Depression.  The central underpinnings of Washington will quickly be punctured.   Congress will be convulsed with mud fights.  Our national fate in peace or war will lie with the President and the courts and the protest marchers.

So, finally, in the painful light of devastation, without the aid of terms limits or sane congressional district lines, most incumbents will be leaving Congress before January, 2013.  The American electorate will have finally had enough of the Big Lie. 

Hopefully their successors will be of a drastically different character.

  By Stephen Merrill, Editor
  Hampton Roads Freedom News
 
  Mr. Merrill is a trial lawyer from Norfolk, Virginia who is the longtime general counsel for the Tidewater Libertarian Party.  A sometimes civil rights lawyer, he authored an amicus curie brief considered in the landmark United States Supreme Court case Kelo v. New London. 

  Mr. Merrill is the editor of the Hampton Roads Freedom News.   http://FreedomNews.US 

© 2009 Copyright Stephen Merrill,- All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife