KING of the UNITED STATES

The national shared concentration on the smackdown mega-match extreme kickboxing Democrats versus Republicans live HBO eight-month telecast… has perhaps contributed to a misplaced focus. We are all so “team A versus team B” oriented, that we are actually worrying less about core issues of our world in preference of “is that other campaigns candidate using a slanderous ad?” style left-jabs, etc..

But our national financial state is like a drunken freshman frat-pledge, who is going to vomit at a time not of his choosing. Of course, it’s happened right at the exciting start of the fourth quarter of the smackdown match. What great timing! Right in the middle of the game, a monetary meltdown. Unbelievable. Our live telecast coverage interrupted by breaking coverage of breaking banking. We should almost stop to think about it… nah, back to our match-of-the-century.

We’re preoccupied with the battle, but perhaps the reality is that this election means almost nothing. Is this election poised to be relevant to our future decades? For who cares what a president-to-be perceives as proper places to spend national financial resources — when there are no financial resources to spend? Who cares whether or not national health care is a good idea or not, if it is completely unfundable, unimplementable, unsustainable, and otherwise impossible for lack of financing.

It boils down to a seperation of powers of the FOUR branches of our United States governmental structure. What? Yeah - FOUR. First we have a Congress, the real source of power (our lawmakers and our shopping-list crafters). Then we have our Supreme Court (our schizophrenic lifetime de facto King), as well as our president (our commander-in-chief and spokesmodel, whose true force lies in the veto power against undisciplined congressional slop). And fourthly,… yes there’s a fourth: we have The Federal Reserve.

So please go out and vote for the Federal Reserve chairman and staff who best represent you… oh that’s right, I forgot…we don’t get to.

That’s cool, they just run the valuation of our dollar, and generate the fundamental market rates. OK, recently they developed and exploited the luxury of spending high double and triple digit billions of dollars in single afternoons. That’s cool. They have that vault of money, that’s theirs to use as they see fit. Or… no, wait… but they have to propose such massive expenditures, right? They have to detail such budgets and appropriations, which have to be debated by learned elected representatives after scrutiny, right?… Well, no wait… not really.

So hang on, where do we stand? We have ‘charisma’ on trial for primary consideration of the position of our next president, a powerful but perversely unproductive Congress (with Charlie Rangel, Nancy Pelosi, and Harry Reid driving the plane, WEEE!) - and a new fourth wing of government not defined by the founding fathers; who are spending the price-tag equivalent of a 15 mile-wide hi-def plasma screen - on our credit card. So, we are in great shape folks.

So anyway, I think we can actually worry less about our presidential votes; just be sure to vote for the best candidate in the upcoming election for cabinet of our fourth branch of US government: The Federal Reserve.

…Oh that’s right, we don’t get too.

“The emergency bail-out gives the US Treasury sweeping authority to inject capital into the giant mortgage lenders Fannie Mae and Freddie Mac, which together own or guarantee half the country’s $12 trillion stock of home loans.

The ceiling on the US national debt has been lifted by a further $800bn, giving the Treasury almost unlimited resources to prop up the two lenders” - Ambrose Evans-Pritchard, Telegraph, 07/31/2008

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” - Thomas Jefferson, Letter to Treasury Secretary Albert Gallatin (1802)