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A PIT OF SNAKES!

World War II was the worst war ever fought in the world; there were so many deaths around the world on all sides, the Germans tried to eliminate the Jews and the War ended with the use of the first nuclear weapon that forced Japan to surrender.  We came out of it all as the “heroes”, but our nation carried a great deal of guilt over the use of the A-Bomb.  Because of that, there was a push started in DC to help out the rest of the world, to try to help them build their own free nations, and it was something that got a great deal of support from the people.  The problem is that it was the biggest mistake our nation had ever made, not because we opened our hearts to get it done, but because we depended upon our politicians to act as “true representatives” of the citizens of America and to use their efforts to not only help out other nations, but to also keep the safety and strength of our nation as their first priority!  But, being politicians, they followed their own interests and needs and have destroyed our manufacturing base, our military strength and every basic ideal and Freedom through manipulation for their own power!  Washington, DC is no more than a pit of snakes!  And because our parents were tired of Wars and wanted to go back to normal lives, they trusted their politicians and never paid close attention to what they were doing, so they kept voting them back in office!   And when my generation came out, the “Baby Boomers”, we followed the path of our parents and listened to their praise about “How Great” our governmental officials were and we voted for names and stories that made us feel like we were doing the right things!  But all we truly succeeded in doing was making our politicians extremely powerful and dangerous to the future of our great nation!

We have always been told about how much of our tax money is being shared with other nations, because our government is “aiding the people” and our money is being used to “help them” improve their lives and earning their own freedoms.  But it is all no more than extreme lies!  The great majority of the time, that money is given to the Dictator or the Government of those nations and that money is kept by them, used for their benefit, not their people’s’!  Not so say that some doesn’t get used for their people, because they have to “show” that they are “helping their people”, but that amount of money is like pennies from millions of dollars!  So many leaders of muslim nations that we have been sending “Aid” to are super-wealthy, living in huge Castle-like homes, driving expensive foreign cars and living the lifestyles of the rich and famous, while their people are still living in third-world homes with the lifestyles of slaves and servants!  And the same thing is happening in African nations, South American nations and many, many other locations around the world!  And the worst part it is our tax money, the money we need to keep our own nation safe and secure!  And the worst part now, it that we borrow money from China to hand out to those nations and we have to pay interest rates to China when we do it!  And the more money we hand out, the more money we own China!  At what point do we stop trying to “save the world” and start trying to bring back America?  Well, if we don’t get the right people into office this year, on every single level of our government, we will wind up building powerful nations around the world while we diminish into the least Free nation in the entire world!  So; the simple question is:  Why do our politicians do this?

Everything that comes out of DC is done with some kind of “kickback” to our politicians!  Sometimes it is money, sometimes it is power and sometimes it is simply something the politician asks for!  And they all feel that they deserve it, because they are the “Representatives of the People”!  That’s why so many of the Bills put through Congress are so thick, so complicated; they put as much crap in them as possible so that no one will have the time to research them enough to see the criminality in the base of the Bill!  Sometimes it is simply a “payback” of cash donated or allotted through the Bills that will be put back into the politicians’ hands!  If there is a $10 million bridge being built in a state and that bridge is named after a politician, that politician probably got a “cash back” from the manufacturer of the bridge as they agreed would be done once the Bill was voted in effect!  Take a close look back at all of the high-dollar jobs that Nancy Pelosi’s husband has gotten while she has been in office, and how they are multi-multi-millionaires!  Then there is the power that is given:  A  good example is when some major company wants some kind of huge government contract and they promise more political support and power to the politician if that politician will push that Bill for the contract through Congress.  And, sometimes, it is as simple as a politician wanting a “special vacation” in another country, where they can do things like perverted sexual acts and no one will ever know about it, because the leader of that country will ensure their reputation’s safety!  And it gets much worse than that!  And their interests are not in us, but in their own wants and needs!

The worst results of this is what they have done to America; they have gained power by allowing laws to be passed that forced our Manufacturing Base out of our own country!  They have allowed our enemies to gain our own weapons and our science to allow them to build weapons that they can use to attack and destroy us!  How do you think that nations like Iran, China and North Korea gained A-Bombs?  We let their people come over here and go to our colleges, mostly on “free passes”, where they learned everything they needed to know to do it!  We have allowed them to work in secure sections of our government, we have allowed them to work in our research labs and we have allowed them to work with our military and, now, they are the greatest threats to our safety!  We have opened our doors, both through legal, and illegal ways for terrorists and spies to simply walk into America to do what they want to!  We have lost our safety and have placed our entire nation in danger, and it should have all been ended a long time ago, but our politicians just kept telling us they “couldn’t do anything about it”!  The “can’t do anything about it” crap has to end now!  The safety of America and Americans is the primary part of the Oath of Office that they swear to when taking office, yet they worry more about what they want and get than they do about us and our nation!  And it has to stop!

This is the most important election in our history because we are not just electing politicians to run our government, we are electing them to save it!  We need to stop worrying about other nations and their safety; we need to worry about the primary safety of America and Americans!  If someone has been in office for more than two terms we need to vote them out, regardless of their Party affiliations!  We need some new blood in office, people who are true Americans!  If the candidate is a veteran, if they have put their life on the line for their country, they should seriously be considered to be elected!  They will have a strong belief in the Oath they swore when they joined the military, the same Oath the politicians take, yet they will believe in following that Oath, unlike the politicians!  If they are successful businessmen, if they have provided good jobs and take care of their employees, they should be considered because they understand the necessity of a strong Manufacturing Base returning to America!  And, if they are strong believers in the American family, they should be elected because they will believe in the true value of our Constitution, the value that our Forefathers used to write it!  We need to take America back this year, or we will simply be just another “Empire” destroyed by the enemies that weakened it and made it a joke!  I know I say this at the end of every rant, but the time is truly here for every American to wake up, or we will lose America!  We have to be true Americans and hold the honor of our Forefathers in our hearts and bring back our great nation!  So learn everything you can about whoever is running for office this year and work together to get the right people in!  And, if you don’t want to, if you think it’s a waste of time and you will move out of America if we take it back, let me know:  I’LL PERSONALLY BUY YOU AN AIRLINE TICKET TO IRAN!

WAKE UP AMERICANS, OR LOSE AMERICA!

Michael J. Kilgus

Gladiator 059


1 Comment

  1. This ”Rant” covered a lot of territory and my memory was jarred to a detail of the past that I’d like to share via a cut and paste from an article on the topic. In short our ”Debt to China” It kind of reminds me of ”Federal Aid” and how it works to ”Give” states their own money back much the same as a simple tax return works for tax payers as individuals..

    ” And the worst part now, is that we borrow money from China to hand out to those nations and we have to pay interest rates to China when we do it! And the more money we hand out, the more money we own China!”

    China’s secret? It owes Americans nearly $1 trillion

    Syndicated columns By Syndicated columns

    On May 18, 2012 at 3:30 AM, updated May 18, 2012 at 4:53 PM
    By Richard Parker

    China has a secret: It owes American investors hundreds of billions of dollars.

    The Chinese government doesn’t like to talk about it and the U.S. Government doesn’t want to raise it. But decades ago, Beijing defaulted on debt owed to Americans, as well as investors and governments around the world. In one case, it was paid. In the rest it was not. More than 20,000 American investors own this debt. The U.S. Government may also own Chinese war debt, unpaid since World War II.

    With the simple stroke of an executive proclamation, President Barack Obama can begin the process of addressing this issue. A 1930s-era law has established a quasi-public agency within the Securities and Exchange Commission, known as the Corporation of Foreign Securities Holders, which can arbitrate this dispute, much as a predecessor agency did for decades. China can both afford and benefit from this solution; it will afford goodwill at a time when relations between the world’s two superpowers are strained.

    The story begins nearly 100 years ago, in 1913, when the government of China began issuing bonds to foreign investors and governments for infrastructure work to modernize the country. As the country fell into civil war in 1927, paying these debts became increasingly difficult and the government fell into default. Even so, in April 1938, the Nationalist government of China began to issue U.S.-dollar denominated bonds to finance the war against Japan’s brutal invasion.

    Locked in a pitched battle for survival, the government issued these bonds into 1940. As part of its wartime financial aid, the U.S. Government further provided a $500 million credit to China in March 1942, shipping gold there and helping to stabilize the currency. In return, it appears that the U.S. Government redeemed some of these dollar-denominated bonds. But China doesn’t appear to have repaid this debt either, according to State Department records, and the declaration of the People’s Republic of China in 1949 ended decades of political, military and financial cooperation.

    While successor governments are usually bound by the debts of predecessor governments, the new Communist government refused to pay any of these claims. The issue lay dormant for decades, just as the bilateral relationship did. Then, in 1979, as part of normalizing relations, Washington released government financial claims regarding the expropriation of American property and appears to have dropped the matter of the war debt entirely. However, it is one thing for government decision-makers to let go of government debt, however questionable that is.

    And it is entirely another thing for individual citizens to press their claims.

    Some U.S. Investors tried to sue the Chinese government in the 1980s and 1990s. However, the Foreign Sovereign Immunities Act makes it very hard for any U.S. Citizen to sue a foreign government in U.S. Courts because the law generally says that U.S. Courts do not have jurisdiction.

    The law usually only allows the jurisdiction of U.S. Courts if a foreign government waives its immunity, commits a tort or seizes property. Recent additional exceptions have been added for terrorism. China lost an initial summary judgment for failing to appear in court but, with the urging of the U.S. State Department, later appeared in court and successfully argued that U.S. Courts did not have jurisdiction.

    Today, the Chinese bonds held by U.S. Investors may be worth as much as $750 billion, according to Jonna Bianco, president of the American Bondholders Foundation, who estimates the value of bonds held by investors worldwide may be $10 trillion, including interest and penalties for default.

    Over the years, congressional interest has been piqued. The late Rep. Henry Hyde convened hearings in 2003 and advocated that the bondholders press their case. In March, Republican Rep. Ken Calvert and Sen. James Inhofe of Oklahoma, along with eight other members of Congress, asked the Government Accountability Office to look into the matter. In April, Rep. Gary Miller inquired with Treasury Secretary Timothy Geithner.

    In general, governments do inherit the debt of their predecessors just as they inherit the assets of the nation.

    Governments have defaulted on debts since at least the 4th century B.C., when 10 of 13 Greek cities could not pay their bills; ironic, yes. And there is a long history of settlements, too. In the last 200 years, more than 70 governments, from Austria to Vietnam, have defaulted and eventually settled for far lesser amounts, allowing them to borrow once more, according to an MIT study, which adds: “The great majority of defaults in the 19th and 20th centuries eventually led to some form of settlement between creditors and the debtor country.”

    Examples abound. An international arbitration panel found that post-revolutionary Iran needed to pay the United States for military aid in 1948. Post-apartheid South Africa has not repudiated debt incurred under the previous regime. In 2006, Great Britain paid the final installment on a World War II-era loan from the United States and Canada, and even sent a thank-you note. Russia has paid debt incurred under the tzars. One exception argued by governments is that in some cases a previous regime’s debt is “odious.” That is, the debt was incurred to enrich the regime or oppress the people.

    Neither seems the case in China, which may be why it has never submitted to international adjudication. China, for its part, has not exactly disavowed the debt; it simply has selectively refused to pay it. Beijing paid British investors a miserly $39 million upon the takeover of Hong Kong in 1987. France has tried to press the issue, even at the World Trade Organization. Further, in Taiwanese press accounts Chinese officials have indicated, in fact, that they might pay the United States — as part of a negotiation over the final status of Taiwan.

    Technically, this calls into question China’s stellar credit ratings and those of its government-owned enterprises. But specifically, the U.S. government has a legal obligation to its citizens. The 1933 Securities Act established both the Foreign Bondholders Protective Council, under State and Treasury, and the Corporation of Foreign Security Holders, under the SEC, to get foreign governments to address debts owed to private U.S. investors. Housed in a Virginia suburb, the council in 47 instances settled the debts of foreign governments, including communist ones, to U.S. citizens. In 1975, the Polish government paid U.S. investors one-third the face value, or $8.5 million, of nine different series of bonds, all inherited from previous governments.

    Indeed, President George W. Bush’s counsel directed the bondholders to the council in 2001 but the council did nothing, most likely to keep from rocking the bilateral U.S.-China boat. Now, the council is shuttering its doors, as it has completed dozens of cases and no administration wanted to refer the Chinese case for fear of upsetting Beijing again. However, the Corporation of Foreign Security Holders is still on the books and represents the only chance for U.S. investors to be paid.

    All that has to happen is that President Obama issue a proclamation to stand up the corporation, and a staff, at the SEC. The bondholders would bring their bonds in for examination and verification of the certificates and serial numbers. Then the corporation could get about settling the issue through payment, reissue of bonds, restructuring or even settling the debt. Many of these people are not wealthy investors but just everyday citizens. Bianco herself is a Tennessee cattle farmer.

    The reality is that a settlement could benefit everyone. Yes, it will be politically distasteful in Beijing. But in all likelihood, a settlement would likely be struck for a fraction of the face value of the bonds. Unlike 1949, China today has the ability to pay. It would be seen as good faith by Americans. And that, in turn, would help reassure us about China’s increasingly important place in the world. There are simply too many other questions about about China’s peculiar brand of state capitalism.

    And besides, this is what economic superpowers do: They fulfill their obligations.

    Richard Parker, a former Pentagon correspondent for Knight Ridder, is president of Parker Research in Austin, Texas. He is a regular contributor to McClatchy-Tribune. Researcher Emily Boyd contributed to this article.

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