War on Debt: wake up America ... save the Great American Enterprise (break up the Monopsony) episode artwork

EPISODE · Feb 23, 2020 · 46 MIN

War on Debt: wake up America ... save the Great American Enterprise (break up the Monopsony)

from The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism · host Jerry Rhoads

We as voting Americans have allowed our government to institutionalize the Enterprise through laws, regulations and huge government Federal and State governmental agencies redundant from Washington to each State capitol.  This has heaped a 40% fixed overhead onto small businesses that are the mainstay of American enterprise, GDP and technology.  We are dominated by academic issues rather than problem solving.  As a result the majority of voters are not empowered to find a reasonable candidate nor party as it takes MBZ's (millions, billions and zillions) to run for any office, leaving out 99% of voting Americans.  It is time for the private sector to take back the Enterprise.   With government employing 22 million bureaucrats across the country, who also vote for this inbred partisanship, we have an oxymoron form of democracy and politics.   This is called a Monopsony (socialism) or a government that is the purchaser of last resort on all services and commodities ... thereby eliminating competition of thought, ideas and wealth to the very few who run the monopsony (communism Politburo) through institutionalization.  This is the exact opposite of a monopoly where the seller of services and commodities eliminates competition and destroys quality for the sake of control and profit.  Neither serve the greater good.  I call this the "Monopsony Game" that is chronicled in my book of that name or "Failing Government Taketh Away".  The proof, if you question my books facts, visit www.debtclock.org (estimates by the American Camber of Commerce)  that the Federal government books are being cooked to the tune of the national debt being over $123 trillion and the annual deficit is $15 trillion by not recording obligations that should be funded as we go not when we have to pay them ... a sure fired way to implode our financial balloon.   This situation exits at every State and Local governmental units ($50 trillion).  Where some will report surpluses by not recording all obligations there is a deficit of mind boggling negative working capital and deteriorating infrastructure such as bridges and roads to all those governmental pensions that have been passed into law by the Service Unions without rules or means to fund them as we go.  If this is true how do we stay open for business?  Well, every unit as does the Federal government, issue revenue bonds (derivatives) or treasury bills pushing the debt to the future.  As those bodies default on their debt instruments, including foreign investors such as China, Japan, Russia, Saudi Arabia the balloon will burst. The first to contest the facts are those government workers who will then realize that their nest eggs are worthless and aren't going to paid.   The response will be riots in the street demanding that they be paid so they can have the life high on the hog that is the law.  And the foreign investors in "T" bills will demand their interest be paid and want some collateral for the debt (we are effectively mortgaging our national resources to our merchandising competitors).  z

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War on Debt: wake up America ... save the Great American Enterprise (break up the Monopsony)

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