Monday, November 22, 2010

The Progressives Destructive Economic Cycle

Steal from the Private Section and Blame Capitalism

This is the opposite of the US government’s strategy where taxation has been used by Progressives each time the Private Sector was close to launching into a Golden Age by raising taxes and borrowing against Private Sector credit and depleting wealth by wasting printed cash, then launching a media campaign blaming Capitalism. Whether FDR raising taxes to 95% ostensibly to fund his New Deal, LBJ raising taxes to fund his Great Society, Republican (Bush 41) raising taxes to fund his City of 1,000 Lights, each time requiring War to bolster the US economy, and now the Progressive Democrat Congress and Obama have increased taxes to fund their “Hope and Change” “Fundamental transformation of society,” while both Progressive Parties continue to create an expansion of borrowing, printing and spending towards non-productive and counter-productive areas having no actual means in and of themselves to repay the amount except to tax and borrow against people’s production, essentially enslaving them to a government oligarchic elite, while the rest of the world moves towards the concepts of America’s Founding Fathers.

Progressives and crisis: It’s been said that, when the Jews were brought to the Concentration camps, they panicked because they knew they would be killed. However, the Germans running the camps knew that, if they could provide Hope in a Crisis, the Jews would march obediently into the showers willingly to do anything asked of them, even thanking their German masters.

Umberto Calvini in The International: [In explaining the "true" nature of banking in the world] The IBBC is a bank. Their objective isn’t to control the conflict; it’s to control the debt that the conflict produces. You see, the real value of a conflict, the true value, is in the debt that it creates. You control the debt, you control everything. You find this upsetting, yes? But this is the very essence of the banking industry, to make us all, whether we are nations or individuals, slaves to debt.

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