The propaganda is coming on hot and heavy since the debt ceiling decision that sold our great grandchildren's future to the banking elite. It seems that someone wants you to think that adding more debt to the already over burdened national line of credit is a good thing. It seems that someone wants you to believe that an economic crisis has been averted, not merely postponed and eventually made worse. It seems that someone wants you to move on placidly with your life, not think about the struggling economy, or the growing unemployment, or the dollar losing its value, and just accept that the Federal Reserve and their bought and paid for politicians are just going to do as they please no matter what you might think. Well, at least it's not hard to tell just who the mainstream mass media works for.
I want to point out a couple of interesting spins I caught in the corporate media. The first is the big deal made over the S&P downgrading the credit worthiness of the United States of America's federal government. The implications are that this was motivated by politics and has nothing to do with the ability for the United States of America to pay its debts. Duh. The S&P had already shattered its credibility by maintaining high credit ratings for many of the corporations that would later need to be bailed out back in 2008. Its actions can easily lead one to believe that it's an organization that was taken over by the elite financial interests long ago. It should be no surprise that these same financial interests would use their influence to get the S&P to downgrade the US federal government's credit rating, something that should have been done long ago, and then use their media arms to point out the poor judgment of their recent ratings errors.
There's no question in my mind that financial markets are manipulated. This is proven by the fact that a plunge protection team admittedly exists. The question is how deep and wide the manipulation goes. I would venture to say that the manipulation goes very deep and is spread out extremely wide. Why wouldn't a financial elite class with a monopoly on the creation of money use that power to grab as much influence in that sector as possible? Why wouldn't these people buy the influence of ratings agencies and then use their influence for their own benefit? Why wouldn't they want to use their insider knowledge to try to keep those on the outside from withdrawing their funds in a timely fashion while allowing insiders to get out before they start losing money?
When the media is controlled by the financial elite, one can't count on them to give accurate information. Yet they want money to keep flowing from the common folk into their game so they can continue to fleece them. They have to try to at least appear to be credible. It's a fine line walked by the mainstream media. I think they are teetering on the brink as more and more people loose their trust in the establishment.
The second spin I noticed is the notion that this debt decision somehow shows that congress has matured. I read a headline that actually declared that this decision shows that congress has grown up. Somehow, people believe that compromising on principle is a good, adult thing to do and that piling debt on top of debt will somehow improve the economy rather than destroy the currency. In my opinion, this decision does anything but show a maturing of congress. Indeed, mature congressmen would have stuck by their principles and made the hard and perhaps painful decisions to cut expenses that may have politically upset many of their constituents. The decision made to compromise showed only that most politicians are going to cave to pressure from special interests rather than listen to the majority of the people they represent. Power corrupts.
A recent Rasmussen poll shows that most people don't believe the United States federal government has the consent of the governed. This to me is a very telling statistic. First off, it is Rasmussen that conducted this study, a very credible source for most people even if it is an establishment organization. The other thing that makes this more credible in my mind is that this is a result that the establishment should not want to be brought out. More than that, if you talk to people, even statists, most will probably have some complaint or concern about how the government does business and many will voice their belief that they feel they are not represented by the federal government and its policies. My opinion is that's because the common folk are not represented in congress, the political and financial elite are.
We have been told that a default on the interest of the national debt will lead to even worse economic conditions. This could be so, but such steps could be compared to the practice of giving a cancer patient chemotherapy. The patient might appear to be sicker as he undergoes the process, but eventually the cancer in the body politic will shrink and go into remission. The debt is the cancer and paying it down is the only cure. Big government needs to be cut down and control put back in the hands of local populations. The national credit card needs to be taken away.
Keep in mind that the Constitution of the United States of America allows for an interest free currency. In fact, it allows for only gold and silver coins to be used as money, and only the government may coin money, but the mint is open to the public with anyone being able to get bullion minted into coins. While some will argue that this view of money is quaint and old fashioned, I would argue that it was when these principles were abandoned for political and elitist agendas that the economy started down the path which led to the current mess. In any case, there is a case to be made that the Constitution was never changed and therefore the current system we operate under is unconstitutional and fraudulent.
Whatever the case, we all know that we could not do the same things in our personal lives that the government and their agents claim to be able to do. We could not pile debt on top of debt and expect to become truly wealthy. We could not print money out of nothing without living in fear of being arrested for counterfeiting. I have always felt that if something is wrong for an individual person to do, it is wrong for a group of people to do, it is therefore wrong for government or their agents to do. If you are to give a pass to that group due to good intentions, then the individual should also receive the same consideration.
Those who keep pushing the legitimacy of central banking and fiat currencies are selling the populace economic poison. A quick look back into history will confirm this point of view. Fiat currencies have historically ended up in a bad way. The currencies collapse, devalue and can end up hyper-inflating. Those that have held the privilege of printing the money end up with all the wealth, either collecting real assets such as homes, natural resources, infrastructure, land, etc., when the eventual default occurs or moving the wealth out of the country and employing government agencies to tax the indigenous population into extreme poverty. It is this type of wealth transfer the elite who run the Federal Reserve in the United States is trying to accomplish, in my opinion. They are trying to grab up as much of the wealth of the common folk of this nation as they can, and the further in debt they can drive us, the more stuff they can claim ownership of when the system eventually collapses. They will reap the benefits of the economic poison by inheriting the leftovers of a dead economy.
It doesn't have to end up that way. The United States of America does not have to become a banana republic owned and operated by banking interests. Those that operate the central banking systems can be identified and held to account. The Federal Reserve system can be fully audited and the criminality exposed. Tax monies that have been misappropriated can be returned and used to correct the situation. Corruption does not have to be tolerated in order to sustain the system, but should be cleaned up and the mechanisms that allowed it removed. The system can be slowly disassembled to minimize economic pain as a new, more accountable, more transparent, constitutional system is put in its place, as is the law of the land. Before any of that will happen, however, I believe it will be necessary admit that problems exist, expose the source of those problems and widely disseminate that information. The mainstream mass media is certainly not helping in that area.
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