Elect Allan Levene to Congress
4290 Bells Ferry Rd. Suite 106-574, Kennesaw, GA 30144|678.819.2089 info@allanleveneforcongress.com
I will never forget.
Having never held elective office, I am compelled to run to represent you in Congress. We need to reverse our country’s disastrous borrowing path that will lead to the dollar losing its reserve currency status.
What does that mean? The US dollar is used for almost all international business transactions. That’s what keeps the dollar strong. If foreign governments and companies stop using the dollar and move to another currency, or basket of currencies, it will be a disaster for us.That will cause the cost of our imported goods, including oil, to soar.
I’ve seen what this does first-hand. It wasn’t pretty, and it will cause a dramatic change in our way of life, for the negative. If you think things are bad now…
Even Ben Bernanke, Chairman of the Federal Reserve says that we’re heading for a massive financial cliff, but that hasn’t made any difference to our elected politicians!
Listen to another interview on the Gross Reality Show (Hear more here) -
Allan Levene on – The Gross Reality Show
A personal note from the candidate. Read it here.
The Question Why?
It’s called “kicking the can down the road.” Over the years I watched Washington slowly eviscerate our country with financial decisions that defy any logic, especially since 9/11, and I’ve wondered why. Over the years I’ve watched our national debt get steadily larger and wondered just how long that this madness can continue. This century was supposed to be golden for America. So far, I don’t see any gold. It’s going to get a lot worse.
Over the years, I wondered who would step up and work to resolve the dreadful mess that our smug and glib politicians have gotten our country into.
Here’s how the game is played in Washington. First an explanation about the big numbers… billions and trillions. In four years our national debt will be about $22 trillion (up from $15.7 today), and our unfunded future committed liabilities, an added $120 trillion. That includes Medicare, Medicaid, prescription drugs, Social Security and the like.
A billion dollars is a thousand million dollars. That’s a lot of money, but chump change nowadays to our government. The new billion is a trillion. Add three zeros to a billion and you’ve got a trillion. So a trillion dollars is a million, million dollars. Think about that number, a million, million dollars. Yes, it’s a lot of money.
Each year our national debt is increasing by about a trillion dollars. That’s a million, million dollars that our government spends that it doesn’t have in income! All is not lost, because we just borrow it (mostly from the Chinese) and pay an average of just 3% interest on the money. So that trillion dollars “only” costs us $30 billion a year in interest charges. So where does the $30 billion dollars come from? We borrow that as well. In that way our government can keep spending and never worry about paying it back. That’s the future generation’s problem. As the British politicians say in England, “I’m all right, Jack.” But if you have kids, tough luck to them.
But there is a problem! What happens when the foreign governments start to worry about our repayment abilities? It’s just like you spending too much and the banks check your spending to income ratios through the credit agencies. That’s when you either get cut off or the interest rates spiral upwards. That will happen to us.
This is about as far as our politicians and political candidates think. How do we repay the money? It’s mostly rhetorical public hand-wringing to either stay in office or be elected. They secretly know that they can continue this game of musical chairs for a lot longer until they’ve retired, fat, happy and rich. Someone else will take the fall.
But it gets worse, far worse. I know, as I’ve lived through the worse part, and no-one else running for election in this country has… ever. It’s called loss of reserve status.
No one has stepped forward, vocally and loudly told the American public what’s in store for them. Why? Because no representative or senator has lived through currency devaluations triggered by the loss of dollar reserve status so they don’t know. I have, as I was born and educated in England. The British pound lost its reserve status to the U.S. dollar and its been downhill ever since. Great Britain used to be the world’s super-power; not anymore. The root cause was the slow collapse of the British pound, triggered by the loss of reserve status.
I’ve seen devaluations and it isn’t pretty. The American public is going to get really mad. But by the time they do, it will be too late. The Republicans will blame the Democrats, and vice versa. Each party will have the same message – re-elect us and not them.
My job will be to explain (and help stop) the financial scenario caused by these ongoing massive borrowings and their hidden consequence – the loss of the reserve status of the U.S. dollar. Why can that happen? Because other countries will lose faith that we’ll ever pay off our rapidly spiraling debts, and eventually they will believe that our currency will become next to worthless. That will be our 21st century disaster; not threats from terrorists real or imagined, not the crushing interest on our spiraling debts when interest rates increase again and not from global climate change.
It’s all about reserve currency status, the 80% of the iceberg under the water and not the 20% you can see. What sunk the “unsinkable” Titanic? Not the part they could see, but the ice under the water. That underwater ice is the reserve status of the U.S. dollar.
So what’s the resolution? In simple terms, it’s replace our politicians every six years. The core problem is that our elected Washington politicians are in office for life. The public cannot get rid of them, as they have engineered the system so that it’s almost impossible to be replaced.
Why will that help resolve our financial problems? The answer is several-fold. As foreign governments are very concerned with our massive spending, replacing our congressmen and women every six years will restore credibility that we will get control of our spending, and actually start reducing our deficits. Why? Because newly elected congressmen and women will not be so desperate to stay in office that they need to spend trillions on public programs to buy ensure reelection. They will do what’s right for our nation, and not what’s right for them so they can stay in power.
Under the current system of lifetime politicians it means that they can be as reckless as they want, spending trillions, amassing personal fortunes and power and get away with it. This has to stop and I know how. In a sentence, it’s leave voluntarily after six years or lose your pension. That will get their attention.
Provide financial and voting support for my candidacy and sparks will fly. Statistically, it takes over a million dollars to depose an incumbent. With the advent of social media it’s now far less, but it still takes a lot of money. Please donate so I can be elected to Washington, and with like-minded colleagues, I’ll work to stop the spending madness.
Why money and permanent politicians is at the root of our nation’s problems. Listen to how campaign finance has corrupted our system.
If you offer financial support, or live in my district and offer voting support in addition to contributions then my platform will increase U.S. jobs, increase housing values, decrease your mortgage payments, bring our soldiers home and restore confidence in the dollar.
Vote for Allan Levene for Congress.
Help me win the 11th District Congressional election. I can win with your financial and voting help.
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| Paid for by the Allan Levene for Congress Committee |