The huge difference between the USA and Europe happens to center on the criminal trial of Sir Walter Raleigh. After the death of Queen Elizabeth March 23, 1603. Raleigh was arrested and imprisoned in the Tower of London within months on the 19th of July. Raleigh was tried in the Great Hall of Winchester Castle for treason, on November 17th, 1603 for his alleged involvement in the Main Plot against King James.

You were not entitled to a lawyer and you had to conduct your own defense. The evidence used against Raleigh was the signed and sworn confession of his friend Henry Brooke under threat of death by the King. Raleigh requested that Cobham should appear in court to allow Raleigh to confront his accuser; “[Let] my accuser come face to face, and be deposed. Were the case but for a small copyhold, you would have witnesses or good proof to lead the jury to a verdict; and I am here for my life!”

Raleigh was denied his right to confrontation and was summarily convicted. King James spared his life, yet he remained imprisoned in the Tower until 1616 where he wrote his famous first volume of The Historie of the World published 1614.

Because of this famous trial of Sir Walter Raleigh, the American Revolution included within the Sixth Amendment  expressly state: “in all criminal prosecutions, the accused shall enjoy the right…to be confronted with the witnesses against him.” Unlike Europe, in American you cannot get a speeding ticket from a camera because you must have the right to confront your accuser.

After a 5 year pilot program which began in 2009 and operated in about two dozen New Jersey municipalities, came to an end on  in December 2014, cities were crying they wanted the money. Towns big and small have raked in millions of dollars in fines since the program began. Some busy intersections have produced more than 20,000 citations in a single year. But all they could do is fine you, no points on your license. WHY? Because you do not have the right of confrontation so it would be unconstitutional thanks to Sir Walter Raleigh. The red light cameras have caused more accidents when people abruptly stop on yellow lights unexpectedly. They have done nothing for safety, only raised money for broke municipalities. You can even tune into cameras to see traffic.

Reuters has reported that Yellen told a House of Representatives committee when testifying before Congress: “Potentially anything – including negative interest rates – would be on the table. But we would have to study carefully how they would work here in the U.S. context.”

Yellen may have been placating Congress for negative rates would wipe out the elderly entirely. They have failed to work in Europe in the slightest.

Negative interest rates are not working in Europe. Even in Switzerland, hoarding of cash is becoming a national pass-time. This entire idea demonstrates that those who would be king, do not understand even how the economy functions.

We are back to Thomas Paine’s Common Sense that inspired the American Revolution. He explained that government was evil because it operates from a NEGATIVE perspective to always PUNISH the people. This is the only way those in government ever perceive their power – it is always to demand and punish, never to work with society to comprehend what the problem might be.

Taxes are too high and the standard of living has declined. Those in power will ONLY raise taxes because they are incapable of reform. The year 2017 will cross the Rubicon. The inflation they are desperately trying to create will arrive, but not in the form they desire.TH