The Black Political Review

Archive for the ‘Cireal Americanus Archives’ Category

Deficit Destruction

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Born to Lose

The Economic Fun Fair

The Minority Vote 2010

BE SURE TO GET OUT AND VOTE!!!!

 A woman in a hot air balloon realized she was lost. She lowered her altitude and spotted a man in a boat below. She shouted to him, 
“Excuse me, can you help me? I promised a friend I would meet him an hour ago, but I don’t know where I am.” 
The man consulted his portable GPS and replied, “You’re in a hot air balloon, approximately 30 feet above ground elevation of 2,346 feet above sea level. You are at 31 degrees, 14.97 minutes north latitude and 100 degrees, 49.09 minutes west longitude. 
She rolled her eyes and said, “You must be an Obama Democrat.” 
“I am,” replied the man. “How did you know?” 
“Well,” answered the balloonist, “everything you told me is technically correct. But I have no idea what to do with your information, and I’m still lost. Frankly, you’ve not been much help to me.” 
The man smiled and responded, “You must be a Republican.” 
“I am,” replied the balloonist. “How did you know?” 
“Well,” said the man, “you don’t know where you are — or where you are going. You’ve risen to where you are, due to a large quantity of hot air. You made a promise you have no idea how to keep, and you expect me to solve your problem. 
You’re in exactly the same position you were in before we met, but somehow, now it’s my fault.” 
  
 COMMENT: You hear the political pundits say that President Obama´s Democratic Party will not do well during the upcoming election. It’s an easy call based on historical fact (the party in power always loses seats). A big reason according to a poll by the Pew Research Center is that MINORTIES tend to not vote in mid-term elections. Let’s change that 
 
 
It’s clear that the Republican Party has no interest in helping the President fix the economy or anything else and if they regain power the country will be in far worse shape. We all know that the withering attacks that this President faces daily are really racially motivated. In spite of how the media couches their words we know that white (tea party) America does not believe he should be President under any circumstances. 
The President has done many good things that have not been publicized and he deserves our support. 
  
This could be the most important midterm of our generation, encourage your family and friends to participate; the party that got us into this mess are trying to compound what they did, do not allow this to happen. If the Democrats lose control of the Congress the Republicans will not help Obama to govern, thus he becomes a lame duck and the country will be headed over the cliff. 

  
REMEMBER POLLS DO NOT VOTE PEOPLE DO!!!

A House Divided

By Cireal Americanus

A far cry from the 1773 Boston Tea Party, the political landscape of the Republican Party has been expanded to include the emergence of an extreme right faction known as the Taxed Enough Already Party or Tea Party.  Although, both the 1773 and the 2009 movements originated as a result of frustrations over what was believed to be unjustified, unfair and over taxation levied by “Government”, their final impact, however, on their overall causes is turning out to be very different.

 Today’s Tea Party, consisting of a large coalition of small groups, is more primarily focused on “fiscal responsibility, limited government, and free markets”, while deliberately avoiding the more traditional conservative social philosophies such as banning Gay Marriage and Abortion.  This dramatic move from the parties more traditional social focus is an attempt to attract/retain potential allies found in the younger Republican, Independent and disenfranchised Democrat voters.   Party leaders justify their break in tradition on the basis that social issues hold little value when faced with the threat of passing on enormous debt to future generations. 

 The Tea Party’s emergence, however, does not come without a cost to the GOP, i.e. Matthew 12:25 (amplified) “…..no city or house divided against itself will last or continue to stand.”  Many Republican Incumbent candidates seeking election have found that fear of this movement has forced them to take positions far to the Right of the same fiscal values that initially got them into elected office. 

 While recent elections held on June 8th found Tea Party backed candidates to be the victors in some of the GOP Primaries, i.e. Meg Whitman ( Gubernatorial Candidate CA), Susana Martinez (Gubernatorial Candidate NM), Nikki Haley (Gubernatorial Candidate SC), and Sue Lowden (Senate Candidate Nevada), political analyst have expressed concerns that these same candidates may have now alienated essential voting demographics necessary for them to secure sought after offices in November, thus providing dramatically weakened opposition to their Democrat opponents. 

 Although the Tea Party started out with a lot of steam, the final impact may result in a great bit of fizzle.  Only time will tell………..

Investors vis-a-vis Savers

by Cireal Americanus


I am as mad as hell and I am not going to take it any more.” This is a famous line from the 1974 movie “The Network”, which chronicles the life of a washed up News Reporter who announces he will kill himself on live TV.  Although the announcement is more than a bit extreme, for those who are diligent Savers, the sentiment of the statement is something we all can share.

For those who have been watching, you know the Consumer Price Index (CPI) has risen about 1.4% in the last 12 months.  Given this figure you don’t have to be a mathematical genius to determine if inflation is approximately 2%, your savings are being slowly eaten away.  This is counter to our Communities focus and “hand-me-down” financial advice of Save, Save, Save.

For the astute, there are three strategies you can use to subvert this tragic effect.

  • First, we should save as much as possible Tax-Free.  This would mean maxing out IRA contributions, education funds, and any other investments that shield as much of your holdings from the taxman’s bite as possible.  Caveat – be sure to get a clear understanding of the potential tax implications should you decide/need to draw on these accounts.

  • Second, we can put our money outside Bernanke’s reach – in foreign markets. The European Central Bank (ECB) at least mildly cares about savers, and has pursued a more careful policy than the Fed.  Within the EU, Germany is recovering nicely, partly because it had very little fiscal stimulus, and has almost no inflation.  Outside the EU, Japan and Korea are both recovering nicely, and are worth a look.
  • Finally, we savers can engage in the ultimate Bernanke protest, and buy gold, silver or shares of mining companies.  Once the Fed reverses its policy, these will be rotten investments.  But it’s pretty clear that the Fed is not going to give savers an even deal any time soon.  In that case, if the Fed doesn’t reward us, gold and silver will.  The dollar will decline, and gold and silver prices will continue to rise, until eventually the Fed is forced to act.

Knowledge, Diversification  and Action are the key.  As there is a change in times, so should there be a change in our mind-sets and strategies.   I realize that these actions will not necessarily make one financially free but you will not be financially free unless we take an action.  The simple trick is keep much more than you spend.

The ABC’s of the Buyout Tax Loopholes

With the narrative of Larry the Loophole, we are given a basic overview of the tax loopholes that were put in place during the Bush Administration and the impact of these loopholes on the average American household.  These are the same loopholes that have allowed the burden of infrastructure maintenance and upkeep , i.e. power generation and distribution, highways and bridges, state facilities and parks, etc, to fall upon the taxes collected from the average American.  Ironically, the founding fathers never intended taxes to be collected on wages earned but on products we buy and land we owned.  Larry provides a fundamental understanding of the overall impact of the loophole systems that are in place as well as insight into some of the practices that created the current financial crisis.   Check-out http://www.warongreed.org for more links to provide help in understanding systems and practices that have been put in place that continue to expand the separation between the “Haves and the Have nots”.