Sunday, January 18, 2009

The fascist response to a crumbling economy

I've been busy with my day job the last two weeks. In the meantime the main news has been the banking and business failures we've become accustomed to, as well as the continued Israeli genocide in Gaza. Other than that, we haven't seen too much as we await Obama's first 100 days of political "shock and awe" and the "test" predicted by Biden and Colin Powell last fall. George, at Urban Survival also predicts a looming "test" that "seems destined to impact energy and food supplies here in the USA." I suspect that the country will feel very different a month from now, and not for the better. Fate favors those who prepare.

Steve Quayle reported on Alex Jones a few weeks ago from a good source that we were five minutes from having martial law declared on October 5 as part of the threat to pass the Bailout Bill One (more to follow). (The bailout was a fraudulent "bait and switch" operation.) His sources say that martial law plans are "truly draconian," and "worse than we can imagine." Previously Sen. Jim Inhofe and Rep. Brad Sherman disclosed these threats. We've seen an ominous, continuing preparation for martial law and the use of military forces in the US for many years, and especially the last three.

Paul Craig Roberts continues to speak the truth about our economic situation. It's not pretty. "What we are witnessing is a once great power engaging in fantasy to disguise from itself that it is a failed state." America is moving into uncharted territory. Is this the end? Are we witnessing the largest financial train wreck in history?

If for some reason you still have significant holdings in the dollar or dollar-denominated assets, you need to think through the implications of Ten Major Threats Facing the Dollar in 2009. Note this graph of the dramatice increase in the monetary base. We've reached the point of diminished returns for each new dollar printed, which will most likely end in hyperinflation of the dollar. An ex-policy maker for the Bank of England predicts a massive dollar collapse. These graphs are startling. Since the dollar is still the world's reserve currency, we'll see something unique in history -- worldwide hyperinflation along with global insolvency and depression. Similar conditions produced World War II as a "solution."

Major financial forecasters, as well as Merrill Lynch, recommend moving from the dollar into real assets. This history of paper currencies shows why. The British Pound has lost 98.8% of its value since it was introduced, and the Dollar has lost 97.8%. Government fiscal panic could speed up the dollar's demise. If you think the dollar is immune to being blown away by hyperinflation, Hank Paulson has some zero-interest T-Bills he'd like to sell you. Opening the mint to the unlimited production of gold coins may easily lay the foundation for economic recovery.

"Paper money eventually returns to its intrinsic value - zero." (Voltaire, 1694-1778)

We have been bankrupted by twin pincers of the the Military-Industrial-Media complex that President Eisenhower warned us about on one hand, and the Ponzi-scheme welfare state on the other. Social Security, Medicare and Federal Treasury debt are nothing but Ponzi-schemes with current obligations being paid out of current payments. Those owed the remaining liabilities will get the empty bag full of promises.

Obama's stimulus plan will push the bailout over $8 Trillion, and may be marching the US economy to the gallows. "The upcoming Financial Stimulus package courtesy of the new Economic dream team has left numerous economists and analysts quaking in their boots. We are seeing predictions of hyperinflation, the destruction of the dollar, the flight of U.S. creditors, the prospect of widespread civil unrest and a descent in to a Greater Depression. . . . Judging by his actions so far, Obama has done absolutely nothing but continue the transfer of wealth from the American taxpayer to his Wall St. campaign contributors. There has been absolutely zero positive impact on the real economy as the increasingly horrific indicators continue to mount and the prospect of an unprecedented Depression continues to rise over the horizon."

The problem is not just at the federal level. Forty-four states project combined budget shortfalls of $350 billion for the next two years! You can count on this assessment being overly optimistic, because most conventional forecasters will be projecting economic recovery to begin during this time period. That is magical thinking.

As the 21st century progresses, a bankrupt America, bereft of a meaningful manufacturing base, could easily be surpassed by China as the preeminent world power. 2009 is likely to be the year the world recognizes significant decline in of the US. A new world order is emerging, and it won't be good for America. Henry Kissinger, perennial dark-side agent, even calls this a great opportunity for Obama to help create a new world order. See the video. European leaders seem to concur. Obamas has several long-time Trilateral Commission, New World Order advocates prominantly placed in his administration.

As I write, we're in the last hours of George Bush's disastrous presidency. I'm astounded that this despicable excuse for a human being still retains a 20% approval rating. My prediction five years ago that Bill Clinton's tenure would seem successful, and relatively benign in comparison, has proven true. The vicious, vindictive Clinton's would have loved to have at their disposal the police state erected by Dick Cheney and his sock-puppet Bush. Now, an even more dangerous Obama, gifted in hypnotic rhetorical skills and surrounded by an aura of hope, promises to be Bush-Clinton-Bush on steroids.

Always remember, Obama is totally beholden to the Powers That Be for his presidency. He was not given the keynote speech at the DNC four years ago when he was still a member of the Illinois state legislature for no reason. He had already been picked. Obama's chief advisor, Zbigniev Brzensinski, served the same role for Jimmy Carter. His Chief of Staff, Rahm Emanuel, is likely a Mossad agent. Obama's staff is like a Clinton administratin reunion, with dangerous Bush holdovers like SecDef Gates. The thieves on Wall Street gave three times the money to Obama as McCain. Truly, the more things "change," the more they will stay the same.

What we will be getting more of is fascism. I don't use this term lightly or carelessly. It refers to state control of the economy with nominal private ownership. Fascism was the univeral response to the Great Depression of the 1930's by western nations, including the US. Its economic ideology and justification is Keynesianism. John Maynard Keynes disdained markets and glorified state action is the means for dealing with the business cycles. So politicians love it.

Both parties have brought us fascism. With Bush ramping up the police state, and most people thinking he and the Republicans are "capitalists," capitalism and the free market get the undeserved blame for our economic crisis and our imperialistic wars. Ayn Rand warned of this 50 years ago in her seminal novel, Atlas Shrugged. What we see unfolding in Washington is fiction becoming fact. If you want to understand the difference between freedom and economic slavery, read or re-read Atlas Shrugged. You'll see why the politician's constant bailouts and restrictions will not cure, but kill the economy.


If you've every wondered about why we have so few clear blue skies any more, and why you often see jet contrails that last all day, read this full page newspaper ad about "chemtrails." And you might be interested to know 24 Things About to Go Extinct in America.

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