American Psycho
Even the dumbest voter is beginning to understand that what we are doing will not work. The polls do not yet reflect this reality because the religion of America is optimism and the majority hopes that the President will save them from a Depression worse than 1929-1939.
I am not a Doom and Gloomer. What I am is a reformer who does understand both economics and arithmetic. Realizing that the numbers do not add up is the first step in the recovery process.
The US deficit for March was 184 billion dollars. The Congress is busily passing the President's supplemental appropriation of 83.4 billion dollars for Iraq and Afghanistan. Before proceeding we should note that from this day forward neither the President not any member of either the House or the Senate can call this George Bush's war. They bought in to the swamp and its theirs now.
That 83.4 billion dollars has to be spent before the end of the fiscal year which is September 30, 2009. That works out to an additional 16 to 17 billion dollars to our deficit per month. This means we will have 200 billion dollar plus deficits until October. And the Congress and the pundits are talking about a second Stimulus bill and another round of Bailouts.
The Law of Supply and Demand dictates that there is a limited supply of morons with hundreds of billions of dollars to burn. To buy our Treasury bonds a foreign nation must have a huge trade surplus which they can use to buy either American corporations and or our Treasuries. International trade has collapsed so China's surplus is greatly diminished and Japan's has turned into a deficit. And there is a report from Audit Analytics which says one fourth of American publicly traded corporations are bankrupt so the stock market might be over valued. US Treasury bonds are also over valued because no sane person can believe the dollar will be more valuable than China's currency in 10 years.
A report from a reliable source in England says that Central Banks around the world are running low on capital and will soon find it difficult to finance their national deficits. Several nations have resorted to printing money to fund their deficits because the “well is running dry.”
My regular readers are aware that I have said we need to follow Treasury auctions to determine just exactly when the dollar will crash. The Federal Reserve has been buying Treasuries in order to keep interest rates from going through the roof. Despite this rates have increased slightly. But when the FED buys Treasuries it does so by expanding the reserves of the member banks which is called the Monetary Base or M0. When banks begin lending again, they will be able to loan out many trillions of dollars which will be inflationary. Just the fact that the FED is buying Treasuries and expanding the Monetary Base by a 1,000 per cent will dampen foreign demand for America's IOUs which has been more aptly described by one Asian critic as American toilet paper.
I see no reason to change my original prediction made years ago that the dollar would crash by the end of 2009 and that we would suffer a hyperinflation.
After we are willing to admit that our leaders in Washington and Wall Street are doing will not work and cannot work, it is one easy step to my conclusion that it was never intended to work.
Everything our self-perpetuating leadership has been doing was designed to destroy America. I therefor conclude that they are psychos. I originally was convinced that our world leaders were insane when I was eight years-old and had a vision of a future war that killed most of mankind. I always like to add that I subsequently decided that my vision was not writ in stone and that we can stop World War III.
I have been trying to explain to people since I was nine years-old that we have Depressions and Inflations because we have a currency that requires us to create a debt before we are allowed to create money and credit. The Constitution says only the Federal government can coin money, but in 1913 the Congress and the President gave that right to the Federal Reserve bank which is a privately owned monopoly
When you go to a bank to borrow $10,000, the banker is not loaning you Mrs Jonses's life savings. What he does do is to make an entry of $10,000 in your checking account after you have signed a promise to pay him $10,000 plus interest. Please note that he is not risking his own money and that he is adding to the money supply which can be inflationary if he loans out too much as the bankers did during the Dot com and mortgage pump and dumps.
Since the banker only creates enough money to pay back the principal amd does not create enough money to pay the interest, debts can never be completely repaid and the total amount of government and privately held debt must increase. I have called this a Long Credit cycle. This must end with debt cancellation as the burden of paying debts which were designed to never be paid systematically and by design crushes one nation after another. Those nations to be crushed include America.
There are only two ways to cancel huge public and private debts. One is by defaulting on your obligations which is deflationary like 1929. The other is by bailing everyone out with printing press money which is hyperinflationary so a $400,000 mortgage becomes a mere $40,000 liability after prices increase tenfold. That is the path we are on.
In previous essays I have pointed out that the bankers have prepared for the future in which voters realize that all of their pensions and savings were stolen by Wall Street. On April 19, 1995 agents of Wall Street blew up the Alfred P Murrah federal building in Oklahoma City killing 19 children in the daycare center. The Congress was given detailed proof by General Benjamin Partin, the chief of United States Air Force bomb ordnance. The Congress refused to listen when he explained why a truck bomb 40 feet away from a building could not demolish columns further away from the yellow truck and leave ones nearby intact.
If the Congress and the media had said no to the cover up of the killing of 19 children, we would never have had 9-11. Four planes were alleged to have been hijacked by 19 Arabs. But not one of those men had either a ticket or a boarding pass. None were crew members. It is far more likely that the 4 planes were hijacked electronically. There is overwhelming evidence that World Trade Center Towers 1, 2 and 7 were taken down by controlled demolitions. A bomb went off 3 ½ minutes before what the FBI claims was Flight 77 struck the building killing over 40 military auditors who had been attempting to trace the 2.3 trillion dollars on Defense Department spending that Donald Rumsfeld said on 9-10-2001 he could not find.
I think that I have proven my point that we are in the final phase of the deliberate destruction of America.
I do not believe that the insane men of Wall Street will succeed in controlling Americans. As I have said before, they do not understand the human spirit. We will soon have a Rebellion of the Spirit and we will say no to whatever Wall Street wants to do to us.
What we must do is to concentrate our resources on explaining to our fellow citizens that we are temporarily in the hands of psychos whose deepest desire is to destroy America. They are insane. They will get us all killed if we do not resist. If you marshal your arguments, it will not take much effort to convince your fellow citizens that their government is run by psychos.
This will give us the breakthrough we need to reach the mass of voters who had feared that what little they do have would be taken away if they speak out. If instead they see their leaders as an imminent threat to their lives and their livelihood, they will be forced to resist.
I am not advocating a violent revolution. I am just giving you fair warning that your leaders are insane, self-destructive mass murdering liars who will soon destroy the only world we have.
These men do not understand this world is not theirs alone.
.
References:
If you have noticed, of late I have taking my essay titles from popular movies and novels.
To watch the YouTube CBS video of Donald Rumsfeld saying he cannot trace 2.3 trillion dollars please go here:
http://www.youtube.com/watch?v=oj1rT4bszWg
To get a friend started on uncovering the truth about 9-11 please send them here:
www.WTC7.net
To read about that bomb in the Pentagon that killed the military auditors who were looking for the 2.3 trillion dollars that went missing from the Pentagon please go here:
http://johnmccarthy90066.tripod.com/id206.html
To read that report that says 25% of all publicly traded corporations are bankrupt please go here:
http://www.cfo.com/article.cfm/13525910/c_13524647?f=home_todayinfinance
To read that report on Central Banks running low on capital please go here:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5220118/The-capital-well-is-running-dry-and-some-economies-will-wither.html
If you want to study debt free money please go here:
http://www.prosperityuk.com/prosperity/articles/article-idx.html
Even the dumbest voter is beginning to understand that what we are doing will not work. The polls do not yet reflect this reality because the religion of America is optimism and the majority hopes that the President will save them from a Depression worse than 1929-1939.
I am not a Doom and Gloomer. What I am is a reformer who does understand both economics and arithmetic. Realizing that the numbers do not add up is the first step in the recovery process.
The US deficit for March was 184 billion dollars. The Congress is busily passing the President's supplemental appropriation of 83.4 billion dollars for Iraq and Afghanistan. Before proceeding we should note that from this day forward neither the President not any member of either the House or the Senate can call this George Bush's war. They bought in to the swamp and its theirs now.
That 83.4 billion dollars has to be spent before the end of the fiscal year which is September 30, 2009. That works out to an additional 16 to 17 billion dollars to our deficit per month. This means we will have 200 billion dollar plus deficits until October. And the Congress and the pundits are talking about a second Stimulus bill and another round of Bailouts.
The Law of Supply and Demand dictates that there is a limited supply of morons with hundreds of billions of dollars to burn. To buy our Treasury bonds a foreign nation must have a huge trade surplus which they can use to buy either American corporations and or our Treasuries. International trade has collapsed so China's surplus is greatly diminished and Japan's has turned into a deficit. And there is a report from Audit Analytics which says one fourth of American publicly traded corporations are bankrupt so the stock market might be over valued. US Treasury bonds are also over valued because no sane person can believe the dollar will be more valuable than China's currency in 10 years.
A report from a reliable source in England says that Central Banks around the world are running low on capital and will soon find it difficult to finance their national deficits. Several nations have resorted to printing money to fund their deficits because the “well is running dry.”
My regular readers are aware that I have said we need to follow Treasury auctions to determine just exactly when the dollar will crash. The Federal Reserve has been buying Treasuries in order to keep interest rates from going through the roof. Despite this rates have increased slightly. But when the FED buys Treasuries it does so by expanding the reserves of the member banks which is called the Monetary Base or M0. When banks begin lending again, they will be able to loan out many trillions of dollars which will be inflationary. Just the fact that the FED is buying Treasuries and expanding the Monetary Base by a 1,000 per cent will dampen foreign demand for America's IOUs which has been more aptly described by one Asian critic as American toilet paper.
I see no reason to change my original prediction made years ago that the dollar would crash by the end of 2009 and that we would suffer a hyperinflation.
After we are willing to admit that our leaders in Washington and Wall Street are doing will not work and cannot work, it is one easy step to my conclusion that it was never intended to work.
Everything our self-perpetuating leadership has been doing was designed to destroy America. I therefor conclude that they are psychos. I originally was convinced that our world leaders were insane when I was eight years-old and had a vision of a future war that killed most of mankind. I always like to add that I subsequently decided that my vision was not writ in stone and that we can stop World War III.
I have been trying to explain to people since I was nine years-old that we have Depressions and Inflations because we have a currency that requires us to create a debt before we are allowed to create money and credit. The Constitution says only the Federal government can coin money, but in 1913 the Congress and the President gave that right to the Federal Reserve bank which is a privately owned monopoly
When you go to a bank to borrow $10,000, the banker is not loaning you Mrs Jonses's life savings. What he does do is to make an entry of $10,000 in your checking account after you have signed a promise to pay him $10,000 plus interest. Please note that he is not risking his own money and that he is adding to the money supply which can be inflationary if he loans out too much as the bankers did during the Dot com and mortgage pump and dumps.
Since the banker only creates enough money to pay back the principal amd does not create enough money to pay the interest, debts can never be completely repaid and the total amount of government and privately held debt must increase. I have called this a Long Credit cycle. This must end with debt cancellation as the burden of paying debts which were designed to never be paid systematically and by design crushes one nation after another. Those nations to be crushed include America.
There are only two ways to cancel huge public and private debts. One is by defaulting on your obligations which is deflationary like 1929. The other is by bailing everyone out with printing press money which is hyperinflationary so a $400,000 mortgage becomes a mere $40,000 liability after prices increase tenfold. That is the path we are on.
In previous essays I have pointed out that the bankers have prepared for the future in which voters realize that all of their pensions and savings were stolen by Wall Street. On April 19, 1995 agents of Wall Street blew up the Alfred P Murrah federal building in Oklahoma City killing 19 children in the daycare center. The Congress was given detailed proof by General Benjamin Partin, the chief of United States Air Force bomb ordnance. The Congress refused to listen when he explained why a truck bomb 40 feet away from a building could not demolish columns further away from the yellow truck and leave ones nearby intact.
If the Congress and the media had said no to the cover up of the killing of 19 children, we would never have had 9-11. Four planes were alleged to have been hijacked by 19 Arabs. But not one of those men had either a ticket or a boarding pass. None were crew members. It is far more likely that the 4 planes were hijacked electronically. There is overwhelming evidence that World Trade Center Towers 1, 2 and 7 were taken down by controlled demolitions. A bomb went off 3 ½ minutes before what the FBI claims was Flight 77 struck the building killing over 40 military auditors who had been attempting to trace the 2.3 trillion dollars on Defense Department spending that Donald Rumsfeld said on 9-10-2001 he could not find.
I think that I have proven my point that we are in the final phase of the deliberate destruction of America.
I do not believe that the insane men of Wall Street will succeed in controlling Americans. As I have said before, they do not understand the human spirit. We will soon have a Rebellion of the Spirit and we will say no to whatever Wall Street wants to do to us.
What we must do is to concentrate our resources on explaining to our fellow citizens that we are temporarily in the hands of psychos whose deepest desire is to destroy America. They are insane. They will get us all killed if we do not resist. If you marshal your arguments, it will not take much effort to convince your fellow citizens that their government is run by psychos.
This will give us the breakthrough we need to reach the mass of voters who had feared that what little they do have would be taken away if they speak out. If instead they see their leaders as an imminent threat to their lives and their livelihood, they will be forced to resist.
I am not advocating a violent revolution. I am just giving you fair warning that your leaders are insane, self-destructive mass murdering liars who will soon destroy the only world we have.
These men do not understand this world is not theirs alone.
.
References:
If you have noticed, of late I have taking my essay titles from popular movies and novels.
To watch the YouTube CBS video of Donald Rumsfeld saying he cannot trace 2.3 trillion dollars please go here:
http://www.youtube.com/watch?v=oj1rT4bszWg
To get a friend started on uncovering the truth about 9-11 please send them here:
www.WTC7.net
To read about that bomb in the Pentagon that killed the military auditors who were looking for the 2.3 trillion dollars that went missing from the Pentagon please go here:
http://johnmccarthy90066.tripod.com/id206.html
To read that report that says 25% of all publicly traded corporations are bankrupt please go here:
http://www.cfo.com/article.cfm/13525910/c_13524647?f=home_todayinfinance
To read that report on Central Banks running low on capital please go here:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5220118/The-capital-well-is-running-dry-and-some-economies-will-wither.html
If you want to study debt free money please go here:
http://www.prosperityuk.com/prosperity/articles/article-idx.html
posted by Daniel F at 6:16 PM
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