Where The United States Stands Today

The crisis of inflation

Today, when people talk about the rising cost of living the inflationary trends from food, housing, gas and all the other necessities of daily living today, we also have to thank our own government in the ways they tackle one crisis after another. They continue to miss the boat and in fact they can't even locate the right pier when it comes to easing the cost of living or any other crisis. Now when these Wizards of high finance in Congress have set in motion stripping away those safety nets that millions of Americans rely on to keep their head above water financially it is quite apparent, they really don't give a dam about the American public in general.

Drastic budget cuts in programs like SNAP, Medicare, Medicaid and Social Security really aren't the financial causes of our debt problems but like everything else our members of Congress do is called the reverse Robin Hood mentality when it always comes to sorting out cures for their own financial shortfalls. So many really don't realize that the fractional reserve banking system we have is one of the real reasons why inflation takes such a grip on the American public. This has allowed our government to export trillions of dollars over seas in so many instances especially now with the Biden Administration continued support of Ukraine both in military aid and financial aid.

In reality all this money flowing into the coffers of foreign nations as a result of our financial banking system being able to print money at will produces massive debt to which causes another tributary feeding the inflationary trends all around the world. So, when Congress implies that cutting the lifelines for millions of Americans will reduce debt, they really are out of touch with the American public. This is especially true with many Republican members of which have been focused not on the poor, the destitute, the feeble, the sick or the homeless but more on retaining the social stature of the high middle class and the 1%.

There is a great need not only here in America but through-out the world to equal the playing field for a global population. With all the combined wealth, the technologies, the medical breakthroughs, and the scientific wonders of today there is really no excuse to have so much inequality, global famine, acute freshwater shortages and homelessness causing so much of the major crisis facing humanity. But like everything else our Congress and Administrations past and present have done over a 60-year period have only exasperated the major crisis facing the United States and the world.

Now, when it comes to Inflation, that word conjures up dread for millions all over the world. Many think inflation is caused by supply and demand. Well, that is part of it. The real culprits have always been the Federal Reserve, the financial institutions especially here in the US and the elimination of the gold standard. The fractional reserve banking that the US has established has had much to do with the rising inflation rates, we are seeing today. The banking industry ever since the Rothschild's founded the Bank of England have always been profit motivated seeking as many ways as possible to steal people's money.

Today the cash cows of financial institutions are mortgages, credit cards, various types of loans from personal, auto, and business. The Federal Reserve alone has put the United States in trillions of dollars in debt. And now when we face a growing homelessness population and an influx of thousands of immigrants both legal and illegal creating a major humanitarian crisis it is vital for the need of shelter and affordable housing both in homes and rental properties.

The inflation rates of today are induced by the criteria that banks put on mortgages and as such have caused most recently the financial crisis of 2008. We should remember that right after World War II millions of GI's returned home. Governmental assistance like the GI Bill provided service men the financial means for further education. At the same time Banks all over the country were assisting returning servicemen with mortgages knowing the profits that will be made by those interest-bearing loans for mortgages. As a result, the housing and baby boom of the late 40's and 50's took off. 

At that time the criteria for mortgages set by banks were based on 25% of a person's gross income, The mortgages were basically at a fixed rate of around 4%. Today we are facing a foreclosure rate that has reached alarming levels to which banks have adjusted the criteria for mortgages and as such have engineered a nationwide housing shortage of affordable homes and apartments. There is also the fact that many consider the lack of construction of homes and apartment to meet the demands. The problem with that is that developers continue to construct apartments and homes well beyond the financial means of the people who need housing. All financed by the financial institutions causing inflation to increase.

What banks have done just within the past decade has rewritten the guidelines for credit scores from Transunion, Equifax and the other two credit reporting agencies. They have all made individual credit scoring virtually impossible to have millions obtain the credit scores that Banks require for any type of loan. Mortgages, apartment rental agencies and even jobs today all look at an individual's credit score to determine whether or not an individual is granted approval for that mortgage, an apartment or even a job. And in so many instances even with one missed payment on a credit card, late fee for repayment of any type of loan and so many other instances where a person's financial circumstances fail to meet the expenses of daily living credit score are adversely affected. When that happens, it sends so many down a financial spiral that millions will never recover from.

When we look back to the late 1940's the United States has a pretty balance population, the middle class was growing, incomes were rising, and the level of poverty was quite low. Today our society is way out of proportion. Poverty levels have grown to unacceptable levels while the 1% control over 95% of individual wealth. And now banks have set the bar higher for qualifying mortgages at 30% or higher of gross income to qualify for existing mortgages. This at a time when personal incomes for the majority of our population have remained stagnant or decreased making it almost impossible to put a roof over their head and at the same time put food on the table. 

What this means that banks still have been using adjustable-rate mortgages well before the financial crisis of 2008 to lure prospective home buyers into a mortgage that many will not be able to repay. Hence banks foreclose and make an additional profit on foreclosure properties. Another dimension to the real-estate and inflationary trends today is the growing number of Real Estate holding corporations that have been buying up Apartment complexes, mobile home parks as well as housing communities. Like banks they are all profit motivated. 

As you can see when the inflations rate rises home prices increase, and apartment rentals increase leaving millions having to pay well over 45% of their income just to put a roof over their head. Too many times the incomes won't equate to match the rising increase of rents or the fluctuating interest mortgage loans. This is wat is happening here and has spread globally. Millions the world over cannot afford a home or an apartment just because of the domino effect that banks have set in motion all across the globe.

We have to finally realize that current policies haven't worked, will not work and will continue to frustrate the growing discontent through-out America. To bridge the gapping disparity gap within the United States, reduce our national debt, restore the vital safety nets for millions of Americans and provide stability through-out the world we need policy directives that will do just that. By implementing National Economic Reforms' Ten Articles of Unification will bring about the results that will heal the financial and sociological ills of a nation that as it is now floundering in a sea of one crisis after another.