Karl Denninger, "What Defines America?"

"What Defines America?"
by Karl Denninger

"On this Columbus Day, when Columbus "discovered" The New World (Really? Native Americans weren't already here?) one should, I believe, ponder the following. "What Defines America?" Is it a defined political hierarchy centered in Washington DC? Or is it The Constitution? Is it a symbol (e.g. the flag)? Or is it A Republican Form of Government, as allegedly guaranteed by our Constitution (as amended)?

Is it an organized looting operation centered in NYC and Washington DC? Or is it this? "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness." - US Declaration of Independence.

Is it "merely" a conglomeration of 50 alleged "States", or is it the bargain struck between each of those 50 States and The Federal Government. Specifically:

"Section 4. The United States shall guarantee to every state in this union a republican form of government, and shall protect each of them against invasion;" An official policy of "all illegal immigrants are welcome to come and loot our Treasury and people" is contrary to these requirements, and a Republican Form of Government requires actual representative government - not purchased, bribed legislators.

Is The Fed and Treasury's explicit and declared policy of dollar devaluation, which is exactly what "Quantitative Easing" (aka "monetization") is, lawful? Or does The Constitution specify that Congress has this power, not The Executive or an "independent" Central Bank (Article I Section 8), specifically: "To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;" Is not The Constitution (as properly amended) a Contract between the people, the States and The Federal Government?

I argue that it is. Contracts require performance by all parties. Has The Federal Government met its burden of performance? If not, who's seceding from whom? Is there not an argument to be made that Secession has already happened - without a shot fired - and it was Washington DC and Wall Street that did the Seceding from our Constitutional Form of Government? Note that under 18 USC Chap 115 Sec 2381-2385, for a crime to be committed an act of secession must involve violence. A "mere" renouncement of the Constitutional Principles that allegedly bind our nation together by The Federal Government and its handmaidens both at The Federal Reserve and on Wall Street, accomplished without violence, is, by all appearances, lawful.

So here's your homework for the day - ponder this: Does America, bound and defined by The Constitution with the rights and duties of each party defined, still exist, or has Washington DC and Wall Street already seceded over the previous two decades? Is this, in point of fact, not the root of the problems we now face in our economy and nation, whether they be runaway debt, financial frauds perpetrated upon the people, the counties and states, or blatantly-fraudulent entitlement promises that are mathematically impossible to sustain?"

- http://market-ticker.denninger.net/

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