On Guard my Friends, Protect Our P.F.D.

 En garde mes Amis, Protect our P.F.D.   
Wolves are circling our Stash of Cash.

“Quite a trick to blow through Alaska’s savings, then propose a dividend cap.” Clem Tillion, ADN Jan. 25th 2016  You Agree? 

“Alaskans beware: Government will never defund itself.” Jim Crawford  ADN Feb. 6th 2016.  He goes on to write; “Don’t fix the public budget by breaking the backs of Alaskan families”. They have spent over twice the value of our fund and now want to spend even more.  They do not know when, or how to stop spending.  Starting with OUR Dividends they want access to our Permanent Fund itself.”  What’s that?  Yes indeed, don’t kid yourself.

A bloated bureaucracy can’t and won’t ever sustain Alaska’s economy. A stable and private sector will.”

Yes Clem Tillion, I do agree. And I agree with Jim Crawford: “Government will never defund itself”.  As  Gov.  Bill Walker himself says: “it is time for us all to pull together to raid the People’s fund”.  Ref: ADN Friday, Jan.  21st 2016.  Yes, Bob Kaufman, you and all the others, are all Thieves, Robbers and PFD Rapists. Having, down the years,  overspent our oil income $Billions, would you now try to rob the Peoples Permanent Fund?  

It is time to become aware that our minds are being pre-conditioned, by one commentator after another. We are being brainwashed, Herr Gobbles style, by lying propaganda published regularly via the ADN and other local media into accepting the idea that we must allow our state access to our Pot of Gold, Our Permanent Fund.  En garde, mes Amis, (my friends), Protect Your P.F.D.  from the ravenous wolves who greedily encircle our Stash of Cash.  

When there is a way to keep our PFDs, balance our budget, and limit government, why don’t we fully implement good old Jay Hammond’s original plan, and do it now? 
  

Yes, the Dirty Bastards club is very strong  here in Alaska.  First they had to rid us of Alaska’s Leading  Lady, our ex-Governor Sarah Palin. Sean Parnell, that traitor in our midst, could then, help the oil giants, get rid of ACES, and gave $Billions we were getting as our clear and equitable share of oil taxes, to the oil companies.  Come back Sarah Palin to Alaska, your home.  We need you back to lead us forward. Come fill our coffers again, with $Billions as you formerly did, when you gave us ACES, before you were driven out of here, by the Dirty Bastards, who hate your guts.  They hate our guts too and will gladly shear us naked.  We need you again to subvert those treacherous Bastards. They will ignore the law, avoid putting the matter to the people and raid our fund. They will not contain their spending within the limits already allowed by the fund.

ALASKA CONSTITUTION  ARTICLE VIII – NATURAL RESOURCES

Section 1.   Statement of Policy.  It is the policy of the State to encourage the settlement of its land and the development of its resources by making them available for maximum use consistent with the public interest.

Section 2. General Authority.  The legislature shall provide for the utilization, development, and conservation of all natural resources belonging to the State, including land and waters, for the maximum benefit of its people.
   

All monies produced from our Natural Resources, belongs to the people of Alaska State. Therefore  the legislature shall provide for the utilization, development, and conservation of all natural resources belonging to the State, including land and waters, for the maximum benefit of its people.  The Permanent Fund does not belong to State Government.   It belongs to “We the People of Alaska State”. 

We the People, can of course, lend money from the Fund to the State. Borrowing from the fund however, can and must be done at commercial rates beneficial to the Fund to ensure the continued financial growth thereof.   Tax Free Non-Redeemable State Bonds @ let’s say 10%,  issued to the Permanent Fund Corporation, and financed by the 50% of the fund’s Earnings Related Account which has normally heretofore, been re-invested, would thus, continue to counteract inflation. No pressure should ever be brought to bear by any government officials upon the Permanent Fund Trustees to buy or sell any investments.  The Trustees need to be able to act totally independent of government interference to make good financial decisions. Trustees, therefore need to be elected by public vote, rather than Governor appointed. 

It’s no secret that most of the politicians in Juneau look longingly at the Alaska Permanent Fund to solve the current budget crisis. The reality is that politicians whose election campaigns are paid for by the wealthy few, don’t represent the folks for whom the P.F.D. is such an important, even critical part of a family budget. Thank you Governor Hammond for your foresight.  Our Governor now, just needs to obey our Alaska Constitution and the people of Alaska who have already voted by an 84% vote on this PFD matter.  That’s one reason Gov. Jay Hammond wanted a dividend. Defending that dividend means defending the fund. Rally round and roar at the robbers who would raid our Stash of Cash. A new referendum vote of the people is needed to drive the message home through their thick skulls..  

Now the introduction of a State sales tax is a No Deal.  No new State taxes to rape and rob the people.  If sales taxes are introduced upon a local or municipal basis, all local property taxes should be rescinded. The Fund can lend the State money against 10% tax free bonds to fund its budget.  Most of us have to pay much more than 10% ON OUR CREDIT CARDS. If the State wishes to spend money it does not have, then it too like unto us, should have to pay for the privilege. Yes Governor, let’s all pull together, but let’s not destroy the People’s Fund.   

We the people will gladly lend you money up to 50% of the Funds Earnings Related A/c, to keep you financially viable against the security of AK State Bonds @ 10% interest, non redeemable (you don’t even have to redeem the bonds.) All you have to do is make a profit by charging for your services and pay the interest due on the bonded loan, ad infinitum. Thus the financial security of the fund is maintained against inflation and budget matters funded. Rescind SB 21 and Re-enact ACES on all Resource development and thus secure our State tax revenue. Then there's no need to borrow. 

Since our annual dividends are paid out of just 50% of the Permanent Fund’s Earnings Related account, they are financed by the Permanent Fund itself and are thus, paid out, without any cost at all to the State Government budget. Why then did you interfere with  the P F D payment? Where is that money now, over a billion Dollars? Is it re-invested? Other than to depress the market and cause widespread fear, concern and apprehension, what have you achieved? We did not authorize any governor to interfere with the Fund’s operation, nor to impose a capitation tax in conflict with Article 1 section 9 of the USA constitution.  Please redeem yourself; it is not too late to make amends. You can still win re-election. Otherwise I bid you adieu, bye bye to you, not sorry to see you go,

John J Kiernan   Goldbeard84@gmail.com , JJKiernan@gci.net    

Cell# 907-441-2964