Proof That You Are A Slave In the Government's Eyes

The idea that we will ever see responsible government spending re-enter the American stage is gone. We will never in our lifetime see the United States Government make an effort to pay off its national debt. It will never happen. As a result your income taxes will never come down. Your cost of living will only rise. And your income will remain stagnate compared to emerging economies - all of it exacerbated by the falling value of the US dollar over the coming decade(s).

Barack Obama promised change. He spoke of a new era. But like his predecessors before him, George W., Bill Clinton, George Sr., and the man who started the Great Debt Rally, Ronald Reagan, and through all the tectonic shifts of power in the legislative branch throughout all those administrations, Barack Obama now continues the never-ending cycle of debt and taxation. In the real world, hope is not a strategy Mr. Obama. And change, is a shift in another direction. Sadly, I believe Mr. Obama has no grasp of the basic economic principles that will cause his policies to fail miserably. Unless of course his goal is to enslave an entire nation in debt servitude, then by all means Mr. Obama, you’re a genius.

What caused us to plummet headlong over the economic cliff into the abyss of this crisis was too much public and private debt. And now the Fed and Treasury’s solution is more debt? While there is no doubt Barack Obama did not mastermind all of the bailout efforts nor draft this first budget on his own, he hired the men who did. Tim Geithner and Larry Summers in tandem with Ben Bernanke are part of the order that put us where we are today. These men all belong to a fraternity where you and I are not welcome. They, along with Alan Greenspan, Robert Rubin, Phil Gramm, and a host of other players have by brut force guaranteed a shortage of real money in the world’s economies, instead opting for massive extensions of credit. How long is it going to take the American public to wake up and realize that when the Fed creates new money and puts it in the hands of bankers to cover their losses, they have in fact stolen that money from you? The answer was not to give the banks more money to lend - which they’re hoarding anyway, but rather to go to the heart of the problem, the balance sheet of the American household. The Fed and Treasury could have easily taken every dime of new money they have created and deposited it proportionately into every American’s bank account. It would not be much different than what they are doing now - which is handing it over to banks in exchange for worthless assets. The simplicity of this crime is almost blinding in its clarity.

Through direct central bank money creation and quantitative easing the Geithner, Summers, Bernanke trio is about to commit possibly tens of trillions of dollars to this crisis with no plan of ever repaying the debt. The budget projections they have put forth are not only a joke, but a slap in the face to every American. Below is the Federal Budget for Fiscal Year 2010 - Table S-1. Budget Totals.
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