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Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Sunday, February 8, 2009

The Fall Of Rome; Can We Learn From History?

I wanted to post this in two areas because of how important it is to the understanding of what is going on in our society today. We do need to learn from history. We as a people, can only remain free, if we understant what free really is.
Watch this video to really understand why Rome Fell and why we need to learn from the mistakes of Rome in order to save our freedom and liberty that is currently under attack.





When falls the Coliseum, Rome shall fall; And when Rome falls--the World. - Lord Byron (George Gordon Noel Byron),

You cheer my heart, who build as if Rome would be eternal. - Augustus Caesar (Gaius Julius Caesar Octavianus)

What Roman power slowly built, an unarmed traitor instantly overthrew. [Lat., Quod tantis Romana manus contexuit annis Proditur unus iners angusto tempore vertit.] - Claudian (Claudianus), In Rufinum (II, 52)

Cease to admire the smoke, wealth, and noise of prosperous Rome. [Lat., Omitte mirari beatae Fumum et opes strepitumque Romae.] - Horace (Quintus Horatius Flaccus), Carmina (III, 29, 11)

All roads lead to Rome, but our antagonists think we should choose different paths. [Fr., Tous chemins vont a Rome; ainsi nos concurrents Crurent pouvoir choisir des sentiers differents.] - Jean de la Fontaine, Le Juge Arbitre--Fable XII (28, 4)

The arrogance of officialdom should be tempered and controlled, and assistance to foreign hands should be curtailed, lest Rome fall. Marcus Tullius Cicero

When the state is most corrupt, then the laws are most multiplied.... All things atrocious and shameless flock from all parts to Rome. Tacitus

Rome has grown since its humble beginnings that it is now overwhelmed by its own greatness. Titus Livius

And what did one of America's Founding Fathers Say?
"We must not let our rulers load us with perpetual debt.We must make our election between economy and liberty or profusion and servitude. If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our calling and our creeds...[we will] have no time to think, no means of calling our miss-managers to account but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers...And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for [another ]...till the bulk of society is reduced to be mere automatons of misery...And the fore-horse of this frightful team is public debt.Taxation follows that, and in its train wretchedness and oppression."
Thomas Jefferson


This will be posted as a permanent part of the blog. God Bless and Freedom for All!

Sunday, January 11, 2009

Bad Finance: Debt doesn't work for gov or people.

Here we go again Obama is not even in office yet and he is endorsing another bail out plan. The US keeps spending more and more money that in effect it doesn't have. So what do we do? We print more money. With more and more money in circulation, each dollar is worth less and less. When each dollar is worth less and less, the the cost of goods and services become more and


So every time the government spends more and prints more money, your saving is devalued in your bank account. Keep in mind that the money is basically created out of thin air. There is no gold standard to back up the value of the money.

Now is where it gets tricky. When the Federal Reserve pumps more money into the economy by loaning money to banks who in turn loan money to corporations and individuals, they are in effect stealing from us. Because the banks can then recycle that money and loan it 65 times.


It is the addiction to debt that is going to destroy this country in a slow death, if we don't change our ways as a society. Debt especially as a long term policy simply does not work. This economy is actually running on deficit spending. When the cost of goods and service go up, the terms of the loans are getting longer. It use to be you could only finance a car for five years. Now you can find loans for a car from 7 to 10 years. A home use to be 20 years and now can be financed over 40



Not to mention the people that are being scammed to refinance their homes for a lower interest rate.
Why is it a scam? Well because the interest is paid in front of the mortgage. So you pay all you interest up front and when you refinance you haven't paid off much of the principle yet. So you wind up borrowing the same money again. Plus, the banks charge you points and closing cost to boot.

I see a high inflationary period coming down the road. With all these bailouts designed to keep the economy running the way it is rather than fix it, you and I should be cautious. How? By simply refusing to play the debt roller coaster game. Refuse to get into unnecessary debt.




The rich ruleth over the poor; And the borrower is servant to the lender. (proverbs 22:7).
That is how the rich are getting richer and the middle class is diminished. If we want to have control of our life we need to hold onto more of our wealth. Borrowing money is not the way to a care free life. It is in effect the way to servitude, not freedom.

Ecclesiasticus


Before you read this, Go up to Wealththinkers101 Music Edu playlist, and play the song "Turn, Turn, Turn", by The Byrds, Then read this as the song plays. Interesting isn't it?

For everything there is a season,
And a time for every matter under heaven:
A time to be born, and a time to die;
A time to plant, and a time to pluck up what is planted;
A time to kill, and a time to heal;
A time to break down, and a time to build up;
A time to weep, and a time to laugh;
A time to mourn, and a time to dance;
A time to throw away stones, and a time to gather stones together;
A time to embrace, And a time to refrain from embracing;
A time to seek, and a time to lose;
A time to keep, and a time to throw away;
A time to tear, and a time to sew;
A time to keep silence, and a time to speak;
A time to love, and a time to hate,
A time for war, and a time for peace.

Ecclesiastes 3:1-8