Best of the Week
Most Popular
1. Will Gold Price Breakout? 3 Things to Watch… - Jordan_Roy_Byrne
2.China Invades Saudi Oil Realm: PetroDollar Kill - Jim_Willie_CB
3.Bitcoin Price Trend Forecast, Paypal FUD Fake Cryptocurrency Warning - Nadeem_Walayat
4.The Stock Market Trend is Your Friend ’til the Very End - Rambus_Chartology
5.This Isn’t Your Grandfather’s (1960s) Inflation Scare - F_F_Wiley
6.GDX Gold Mining Stocks Fundamentals - Zeal_LLC
7.US Housing Real Estate Market and Banking Pressures Are Building - Chris_Vermeulen
8.Return of Stock Market Volatility Amidst Political Chaos and Uncertain Economy - Buildadv
9.Can Bitcoin Price Rally Continue After Paypal Fake FUD Attack? - Nadeem_Walayat
10.Warning Economic Implosion on the Horizon - Chris_Vermeulen
Last 7 days
Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - 20th Apr 18
The Incredible Silver Trade – What You Need to Know - 20th Apr 18
Is War "Hell" for the Stock Market? - 19th Apr 18
Palladium Bullion Surges 17% In 9 Days On Russian Supply Concerns - 19th Apr 18
Breadth Study Suggests that Stock Market Bottom is Already In - 19th Apr 18
Allegory Regarding Investment Decisions Made On Basis Of Government’s Income Statement, Balance Sheet - 19th Apr 18
Gold – A Unique Repeat of the 2007 and How to Profit - 19th Apr 18
Abbeydale Park Rise Cherry Tree's in Blossom - Sheffield Street Tree Protests - 19th Apr 18
The Stock Market “Turn of the Month Effect” Exists in 11 of 11 Countries - 18th Apr 18
Winter is Coming - Coming Storms Will Bring Out the Best and Worst in Humanity - 18th Apr 18
What Does it Take to Create Living Wage Jobs? - 18th Apr 18
Gold and Silver Buy Signals - 18th Apr 18
WINTER IS COMING - The Ongoing Fourth Turning Crisis Part2 - 18th Apr 18
A Stock Market Rally on Low Volume is NOT Bearish - 17th Apr 18
Three Gold Charts, One Big Gold Stocks Opportunity - 17th Apr 18
Crude Oil Price As Bullish as it Seems? - 17th Apr 18
A Good Time to Buy Facebook? - 17th Apr 18
THE Financial Crisis Acronym of 2008 is Sounding Another Alarm - 16th Apr 18
Bombs, Missiles and War – What to Expect Next from the Stock Market - 16th Apr 18
Global Debt Bubble Hits New All Time High – One Quadrillion Reasons To Buy Gold - 16th Apr 18
Will Bitcoin Ever Recover? - 16th Apr 18
Stock Market Futures Bounce, But Stopped at Trendline - 16th Apr 18
How To Profit As Oil Prices Explode - 16th Apr 18
Junior Mining Stocks are Close to Breaking Downtrend - 16th Apr 18
Look Inside a Caravan at UK Holiday Park for Summer 2018 - Hoseasons Cayton Bay Sea Side - 16th Apr 18
Stock Market More Weakness? How Much? - 15th Apr 18
Time for the Gold Bulls to Show their Mettle - 15th Apr 18
Trading Markets Amid Sound of Wars - 15th Apr 18
Sugar Commodity Buying Levels Analysis - 14th Apr 18
The Oil Trade May Be Coming Alive - 14th Apr 18
Big Cap US Stocks Fundamentals - 13th Apr 18
Jaguar Land Rover Cuts 1000 Jobs on Diesel Sales Slump, Long-term Discovery Sport Review - 13th Apr 18
Stock Market SPX May Tangle with the 50-day MA - 13th Apr 18
Longtanding Chinese War: Intrigue & Betrayal - 13th Apr 18
How I Own My Gold - 13th Apr 18
ISupply Energy Consumer Warning - Never Put Your Account Into Credit! - 13th Apr 18
SPX Resistance May Prompt A Massive Short Squeeze - 12th Apr 18
Stock Market High Volatility is Not Consistently Bearish for Stocks - 12th Apr 18

Market Oracle FREE Newsletter

Trading Lessons

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.


© 2005-2018 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

6 Critical Money Making Rules