During our college days, the Counting Crows put out an album called August and Everything After. This refrain became popular once again back in August of 2007, which is now seen as the beginning of the continuing Financial debacle which just passed its 5th anniversary.
August 2007 was when the game changed permanently. The Federal Reserve had unwittingly sent Fixed Income markets off a cliff. In a panic to correct its error (blind 25 basis point increases in the target rate month after month for over two years) it overcorrected and basically did an end run around its primary dealers, offering to buy mortgage backed securities from all comers. This miscalculation blew up modern finance as most knew it.
By late 2007, the public began to acknowledge the fundamental changes which were taking place in the financial markets. Ever since then, the Western Governments and their associated Central Banks have thrown caution to the wind in an effort to maintain what they see as the status quo.
Today, we shamelessly borrow the Crows refrain and apply it to the United States political scene. Despite a plethora of No votes, which we like to speculate are an indication of the American public’s display of displeasure with the ruling class and a rejection of the corrupted political system, another President elect has been declared.
Our basis for this speculation is nothing more than heresy, mind you. Low voter turnout is a fact of the American landscape. Early on, it was a byproduct of the exclusion of large classes of people from the voting rolls. Women, native, and african americans were barred from voting, while those in rural districts and those too busy clinging to day to day subsistence to be bothered to vote were excluded by default.
After the Women’s suffrage and the Civil rights movements remedied some of these democratic oversights, voter turnout in America enjoyed a golden period where it could be said that the land enjoyed a legitmately elected government.
Voter turnout began to wane again as the Richard Nixon train wreck occupied the White House and the modern era of voter disenchantment began. While the paid swarms of voter registrars have made some headway in increasing voter turnout, 2012 is set to see another decline, with the high estimate of 60% of the VAP casting a ballot.
A brief update for those of you following the results of the Silent Majority, we are now projecting that they have “won” the election by an even larger margin than previously thought, with a whopping 45.3% of those eligible to vote choosing not to endorse the Government and claiming a solid majority when the overall Voting age population is considered, a staggering 50.2%.
We can only surmise that the past four years have confirmed to the American public what many have suspected all along: That the government does not have the solutions, rather, be it red or blue, it is a big part of the problem.
As the public woke up to the financial debacle in early 2008, we foresee that sometime in early 2013, the general public will wake up to the debacle of federal governance.
Welcome to the Divided States of America, where 25% of the populace has thrust a leader onto the other 75%, and 50% have thrust a Government which is unwanted or unrecognized by the other 50%.
No matter how you look at it, there are bound to be hard feelings all around. As Mr. Obama heads back to a government as divided as the country, the stock market took its cue and sold off in defiance. According to Marc Faber, it will fall at least another 20% within the next six to nine months.
We leave you, fellow taxpayer, with a bit of friendly advice. If you have any unrealized tax gains to recognize, recognize them this year, before the clock strikes midnight. After that, the divided government will begin to cannibalize its citizens wealth in earnest. It is inevitable. As a second assignment, work on becoming resilient. John Robb over at Resilient Communities has a wealth of information to help anyone. Even if a miracle occurs and the US can grow its way out of this mess despite a fractured government, resilient living is just plain fun.
As we watched the Presidential debate Tuesday night, along with the rest of the huddled American masses, we were hoping to hear something that would sway us from our current non-voter status. We hardly listened to what was said, although our radar went up as one attendee asked about inflation, which happens to fall into our realm of interests. The periscope of our consciousness went down, however, as each candidate responded in turn with a stream of words which registered as a vague reference to a non-entity referred to as “the economy.”
They just don’t get it. And unless someone at the top “gets” the concept of inflation and its root causes very soon, the current form of the United States government may not exist by the time the next Presidential term is completed.
With the exception of the inflation bit, we hardly listened to what was said. Politics, as most politicians will attest, has nothing to do with the keeping or breaking of promises. In the end, these expensive popularity contests boil down to the intangible of charisma.
As such, we were more interested in the demeanor of the candidates. Both, while giving the appearance of physically fit, well dressed, and well informed men, seemed to lack something we call the spark of life, that thing that makes you want to be around somebody. The intangible of charisma, so hard to define, yet so apparent when present, did not make an appearance last night.
We decided to retain our current policy regarding democratic elections.
At The Mint, our current policy is to refrain from voting on all matters which ask us to reach beyond our own city and county. Even then, we inform ourselves and vote, not on individuals seeking election to sinecures, but on specific referendums, generally with the dual aim of obtaining personal benefit and minimizing both our tax bill and governmental interference in our personal affairs.
How did we arrive at such an unreasonable stance with regards to voting? How can we consciously fail to perform our “civic duty” year in and year out and still live with ourselves?
The conscious decision not to vote, at its base, is our way of peacefully resisting what has become a shameless power grab at the highest levels of government. A series of well intentioned actions at the Federal level has lead to a number of unintended consequences which are about to cause a great deal of suffering.
Beyond this philosophical objection, there are practical matters to consider, which we submit for your examination and comment:
1. Mind-boggling complexity
From time to time, a ballot measure will be presented which will be stated in a manner so clearly that one can place a vote and know exactly what a yay or nay will mean in terms of real world consequences. As for the rest of the ballot issues, along with the selection of lawmakers and judges as our proxies, one can’t be expected to keep up with the chaos that passes as national and state governments, and for the most part, we feel that participating in elections or the political process on at these levels is at best a waste of precious time and, at worst, encouraging an enterprise which long ago overstepped any reasonable boundaries, both in its authority and its ability to manage its finances. At this point, the best one can hope for is to stay clear of the amoeba.
Large scale democracy has a nasty habit of imposing the will of a few on all via the ignorance or indifference of many. Circa 2012, voters are rarely asked straightforward questions like “Is it ok to steal and kill?” They are instead asked questions like “Do you prefer a fellow named Obama or Romney to serve as President?” We will ignore the fact that politicians on the State and National level are thrust immediately into situations where keeping promises depends upon factors far beyond their control, and simply recognize that the choosing the President of the United States does little or nothing to change the underlying bureaucracies and interests which have turned the Government of the United States into a strange form of benevolent mafia.
2. The question of taxes.
By our calculations, we give up roughly 16 hours per year just compiling data for and filing the required tax declarations at the State and Federal levels. Not to mention the time spent generating the money to pay said taxes. On the county level, this seems reasonable. The county even has the courtesy to calculate the tax bill for us and simply request payment. As for compliance, it is simple, you either pay the bill or you don’t.
Further, if you think that your tax bill is too high, you can leave the City or County and find a City or County with a more reasonable tax regimen, or no regimen at all.
While leaving the City or County may be a costly step, it may be feasible for those who desire to move. Relocating geographically from a State or a Country is quite another matter, which makes their manner of taxation both understandable and sinister.
The Federal and State governments, as opposed to most county governments, have a much different take on both taxation, as well as the rest of the authorities which they have granted themselves over their subjects. We use the term “grant themselves” because, as anyone who has tried to vote their conscience on a ballot measure can attest, many measures are written in a way that simply makes the voter a tool in the hand of those who crafted the legislation.
{Editor’s note: We will refrain from going into the argument that somehow, the illusion of democracy, the Western embodiment of the “Might makes right” mentality, creates a government with legitimacy on the scale the the State and Federal Governments circa 2012 claim. It is sufficient to say that there are an abundance of examples which would argue to the contrary.}
Returning to taxation with regards to the State and Federal regimens, it is up to the individual to file a declaration each year at their own expense. Naturally, the governments reserve the right to audit said declaration, again, at the taxpayers expense. If any inconsistencies are encountered, the taxpayer faces a myriad of penalties from the payment of additional taxes and penalties up to and including serving time in prison.
Even this tack could be considered reasonable were the tax codes written in a straightforward manner. As things are, the income tax code serves as nothing more than a spider’s web, designed to entangle all who tread it. We are all caught in it, it is just a matter of time until the spider makes its way over to devour us.
The saving grace, if there is one with regards to the State and Federal tax regimen is this.They can’t take us all. While it is likely that every single American has failed to fully comply with the 73,608 page tax code, it is extremely unlikely that the spiders of the various Government or State tax authorities will ever get around to eating all of those who are caught in their web. As with any predator, they tend to go after the larger prey first.
In this sense, adopting the Franciscan/Marxian belief that poverty is a virtue may keep one safely off of the spider’s radar.
3. The Trail of Tears
While both complexity and having to pay for something are generally good enough reasons to abstain from any activity, the most compelling reason not to vote is one that is best understood by examining one of the most shameful examples of the modus operandi of the Federal Government: Their well documented dealings with the Cherokee people, whose world collided with the Feds in the early 19th century in the Southeastern part of North America.
The Trail of Tears, a painful chapter in US History – courtesy of http://katta1f.wikispaces.com/
We refrain from making value judgments and will simply examine the highlights of the interaction as we understand them. A much more detailed account can be found, as always, in the Wikipedia.
The Cherokee found themselves generally prospering as a people and inhabiting lands in the Southeastern US in the 1700 and early 1800’s after presumably relocating there from the Great Lakes region. During this time, they increasingly came into contact with European settlers and engaged them in trade.
As time went on, the increasingly organized and well armed colonies began to covet the lands of the various Indian groups in North America. Once the revolution against the British and subsequent conflict known as the War of 1812 had been won, the States of the newly formed United States of America began to dispossess the various Indian peoples of their lands.
{Editors Note: Sensitive readers are asked to excuse, for the moment, the use of the term “Indian” (Columbus most likely died believing that he had landed in India en route to China, hence the mistaken identity attached to Native Americans peoples), instead of the appropriate “Native American”. The choice to change terms at this point in the essay was made consciously so that the reader may understand which groups were impacted by the barbarous Indian Removal Act. No disrespect is implied or intended.}
While their tactics changed according to what was politically expedient at the time, the general policy of the State and Federal Governments was to ultimately expel the Indian populations and force them West, so that the vested interests of the States could take advantage of the lands which were occupied by the Indians.
What is most troubling about the treatment of the Cherokee people is that, from what we can tell, they had adapted to life amongst the new colonists and generally worked to comply with what were ultimately unreasonable demands of the governments. As a case in point, the Cherokee allied themselves with and fought alongside the US against the pro-British factions during the War of 1812. They served the US’s interests in the war alongside none other than Andrew Jackson.
Jackson later returned the favor by signing the Indian Removal Act in 1830 which sealed the Cherokee’s fate and began the final chain of events which would lead many of them to an early grave along the now infamous “Trail of Tears.”
While the the Indian Removal Act was passed on the assumption that the Cherokee and other Indian groups faced certain extinction were they to be forced to live alongside the increasingly numerous white settlers, it is generally acknowledged today that the real motivation for the Act’s passage was the discovery of gold in Georgia.
We have read about and watched similar scenarios of deceptions preceded and followed by apologetics play out too many times by centralized governments over the ages to believe that a group of persons who do not know our name and are so far removed from us that they would not recognize our moccasins if they took the time to walk a mile in them, have our best interests at heart.
Even if they did, we have observed that their best efforts to effect change on a large scale end up causing more harm than good. While the economic damage done by such unilateral actions can be repaired or forgiven, the damage to the moral character of a society of embracing this might makes right mentality will ultimately destroy it.
The desire not to participate in the choosing of the next person to be called “Commander in Chief,” or any of their collaborators or subordinates, is the primary reason why we will not be walking around with a sticker on our chest or an ink stained hand on election day.
For The Trail of Tears has been tread for too long. It is time to live in the Kingdom of God.
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